According to the research literature titled ‘Capnography Devices Market Size By Product (Hand-held, Stand-alone, Multi-parameter), By Technology, By Application (Emergency Medicine, Critical Care, Procedural Sedation, Pain Management), By End-use (Hospitals, Ambulatory Care Centers), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 - 2025’, available with Market Study Report, global capnography devices market size is expected to surpass USD 700 million by the end of the forecast period 2019-2025.
 

Escalating number of both in-patient and out-patient surgeries along with growing prevalence of respiratory devices are stimulating global capnography devices market growth. Moreover, technologies advancements and introduction of favorable government initiatives are expected to enhance the industry remuneration scope in the upcoming years.
 

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Further, rising preference of capnometers over pulse oximetry owing to advantages such as real-time measurement of EtCO2 and instant identification of ventilation is boosting the overall industry growth. However, high device cost and dearth of skilled professionals are negatively impacting the business landscape.
 

Based on technology, global capnography devices market from multi-parameter segment is touted to record 10.6% CAGR through 2025. Benefits like easy usability and portability in latest multi-parameter capnography devices are enhancing the product adoption. Besides, these devices can monitor several patient parameters at a given instance, making it more preferable over its counterpart.
 

In terms of technology, micro stream segment was valued USD 36.1 million in 2018 and is expected to witness modest gains in the upcoming years. Micro-stream capnography devices eliminate the complications associated with conventional capnography devices. Moreover, it entails molecular correlation spectroscopy as a source of infrared radiation which offers several benefits over conventional sources, further fueling its demand.
 

Considering component, original equipment manufacturer is expected to capture majority of overall capnography devices market share, exhibiting a CAGR of 9.9% over the analysis period. The increased demand can be ascribed to incorporation of additional features by manufacturers in existing models.
 

On the basis of application, emergency medicine segment was valued USD 115.7 million in 2018 and will gain considerable traction in the ensuing years, owing to the innate applicability of capnography devices in the emergency department. Capnography devices are utilized to ensure patient stability by measuring the oxygen levels, making them a highly crucial product during emergencies.
 

Elaborating on the end-user scope, hospital captured 50% of global capnography devices market and is expected to maintain a strong growth curve in the upcoming years. This can be ascribed to growing number of surgeries and high product adoption rate in such settings.
 

On the geographical front, U.S. capnography devices market will showcase a CAGR of 9.6% through 2025, on account of rising burden of respiratory disorders, favorable government initiatives, and presence of a well-developed healthcare infrastructure in the nation.

Speaking of the competitive landscape, Welch Allyn, Inc., Smiths Medical, Inc., Phillip Healthcare, Nonin Medical, Inc., Nihon Kohden Corp., Medtronic plc, Masimo Corp., Drägerwerk AG, Dimédica, and Carefusion are the top players in global capnography devices industry.