Europe (France, Germany, Italy, Spain, Netherlands, Austria, UK).The market is primarily segmented on the basis of product, technology, application, end-use, and region. Know more about this report : Request for sample pages Market Research Scope During the forecast period coronavirus will drive the growth of the capnography devices market for to a certain extent. There is a second wave of the pandemic in many countries across the globe and the effect is not going to wane soon even with the approval of vaccines. This will result in the increased hospitalization in ICU where there is an increase in the adoption of capnography instruments. Coronavirus mainly affects the respiratory system in humans and the situation of the people who are already suffering from respiratory diseases such as COPD will further worsen upon contracting the Virus. The sudden outbreak of the coronavirus will also be a key factor driving the global market growth of capnography devices. Many new products are expected to be launched in the market with the collaboration of major players and with the emergence of various new technologies. The new device, the Vitals Plus monitoring solution has received FDA’s nod for its use in a clinical setup. In another development, in September 2020, Capsule Technologies, one of the major players in the market for capnography devices unveiled its novel device based on connected capnography-monitoring technology. Collaborations among key market players and the launch of new products with next-generation technologies will be the major boost for the growth of the market in the years to come.įor instance, in May 2020, Masimo and Philips entered into a partnership wherein the former’s measurement technology will be used for IntelliVue MX-series multi-parameter monitors. The devices are increasingly preferred over oximetry and are associated with many clinical benefits in improved post-operative monitoring. Modern devices are highly accurate and durable maintaining standard oxygen levels and these devices can also be easily sterilized. For instance, Molecular correlation spectroscopy along with photodetectors is installed in mainstream capnography and these developments are expected to drive the demand of the market during the forecast period. The device manufacturers have made huge strides in developing advanced capnography devices in recent years. Know more about this report : Request for sample pages Industry Dynamics In recent year’s medical reimbursements are available for the device in many countries across the globe, which will further aid in the adoption of capnography devices while conducting complex surgeries. The major factors driving the global market include the increasing use of capnography in critical surgeries and are also extremely useful in the monitoring of the patient after surgery. The global capnography devices market was valued at USD 515.6 million in 2020 and is expected to grow at a CAGR of 9.9% during the forecast period.
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