Capnography Devices Market Outlook - Top Companies, Trends and Future Prospects Details for Business Development
Global capnography devices market size is expected to reach $1.5 billion by 2025, according to P&S Market Research.Based on component, the capnography devices marked is categorized into original equipment manufacturer (OEM) modules and others. OEM modules held the largest share in this market, accounting for 44.6% in 2017. The largest share is attributed to its ability of making etCO2 or CO2 monitoring simple and accurate, even in the smallest and most portable monitors.
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Based on application, the capnography devices market is classified into emergency medicine, critical care, procedural sedation, pain management and others. During the historical period, emergency medicine was the largest application area of these devices, with 25.5% contribution in 2017. The use of capnography devices increases the safety of sedating patients in emergency departments.
Moreover, increase in geriatric population, that is prone to various chronic diseases contributes to higher adoption of capnography devices in developing regions. Local presence of manufacturers and well-established distribution networks of major players in this region also supports the market demand. Various companies, including Schiller AG, and Medtronic plc, are distributing their products through distribution networks present in developing countries, such as China and India.
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Some of the other key players operating in the capnography devices industry are Diamedica (UK) Limited, Shenzhen Comen Medical Instruments Co., Ltd., Edan Instruments, Inc., Nonin Medical, Inc., Drägerwerk AG & Co. KGaA, Nihon Kohden Corporation, Masimo Corporation, Smiths Group plc, Hill-Rom Holdings, Inc., Koninklijke Philips N.V. and Becton, Dickinson and Company.
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