Capnography Devices Market Trends and Dynamics, Drivers, Competitive landscape and Future Opportunities

 

Capnography devices have become indispensable in the healthcare sector, owing to the rise in geriatric population and number of respiratory disease incidents. The global capnography devices market was valued at $384.2 million in 2017 and is expected to attain a CAGR of 18.2% during the forecast period (2018–2025) because of rising government initiatives and technological advancements.

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On a global ground, North America emerged as the largest capnography devices market, accounting for 56.4% revenue contribution in 2017. The rising prevalence of respiratory conditions and growing aging population along with well-established healthcare facilities and the presence of leading market players manufacturing these devices have been instrumental in driving the North American market forward. The market is being driven by a number of factors.

Therefore, the market is slated to grow during the forecast period owing to the popularity of home monitoring of patients.

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