Over $700.0 Million Revenue Expected in Global Capnography Devices Market in 2030

The global capnography devices market reached a valuation of $379.9 million in 2019 and is expected to advance at a CAGR of 6.0% between 2020 and 2030.
 
ANTIOCH, Ill. - Dec. 30, 2020 - PRLog -- Furthermore, as per the estimates of P&S Intelligence, a market research firm based in India, the market would generate a revenue of $713.3 million in 2030. This is credited to the rising incidence of respiratory diseases, rapid technological innovations in capnography devices, and the increasing implementation of government policies in this niche.

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Technological innovations such as the adoption of molecular correlation spectroscopy and photo detectors in microstream capnographs and the integration of miniaturized mainstream multi-gas monitors are predicted to push up the requirement for capnography devices across the world in the future years. Technologically advanced capnography devices exhibit high safety levels and accuracy and also demonstrate adjustable flow rate, which allows the retrieval of bigger sample volume than what is possible in the traditional methods and prevents the occurrence of moisture contamination.

The soaring implementation of government initiatives in several countries is another major factor fueling the expansion of the capnography devices market (https://www.psmarketresearch.com/market-analysis/capnogra...). These devices are extensively used in various medical applications such as critical care, emergency medicine, pain management, and procedural sedation. Many government organizations such as the American Heart Association (AHA), National Center Patient Safety (NCPS), American Society of Anesthesiologists (ASA), and Anesthesia Patient Safety Foundation (APSF) are enacting guidelines for promoting the usage of capnography devices across the globe.

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Additionally, the extensive usage of capnography devices in various applications such as advanced care and neonatal care in hospitals is also propelling the growth of the category in the market. Based on product, the market is classified into stand-alone, multi-parameter, and handheld devices. Out of these, the handheld category is predicted to register the highest growth in the market in the forthcoming years. This would be because of the several beneficial features of these devices.

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