(PharmaNewsWire.Com, August 03, 2019 ) Growth in the capnography equipment market is driven by factors such as the development of portable/point-of-care capnography devices, clinical benefits of capnography equipment over pulse oximetry, and the evolving guidelines related to the clinical use of capnography.
The Capnography Equipment market is projected to reach USD 366.5 million by 2023 from USD 286.9 million in 2017, at a CAGR of 4.3%.
+ Market Dynamics
+ Drivers
+ Development of Portable/Point-Of-Care Capnography Devices
+ Clinical Benefits of Capnography Equipment Over Pulse Oximetry
+ Evolving Guidelines Related to the Clinical Use of Capnography
The market is segmented into sidestream and mainstream capnography. The mainstream capnography segment is expected to grow at a higher CAGR during the forecast period. This is because mainstream capnography is widely used in CO2 monitoring applications owing to the various advantages it offers over sidestream capnography, including higher accuracy, faster response time, no loss of samples, and better suitability for neonates and children.
The capnography equipment market is segmented into hospitals and ambulatory surgery centers & home care. The hospitals segment is expected to account for a larger share of the market in 2018. Factors such as the evolving guidelines related to the use of capnography and the rising incidence of chronic disorders are expected to drive the demand for capnography equipment in hospitals in the coming years.
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