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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This post was originally published on Market Reports