As cited by the research report titled ‘Global Capnography Devices Market Size study, by Product (Handheld, Standalone, Multiparameter), by Technology (Mainstream, Sidestream, Microstream), by Application (Emergency Medicine, Pain Management, Procedural Sedation, Critical Care, Others), by End-Use (Hospitals, Ambulatory Care Centers, Others) and Regional Forecasts 2020-2027’, available with Market Study Report, global capnography devices market was worth USD 465 million in 2019 and is projected to grow with a CAGR of 9.7% over 2020-2027 to account for USD 975 million by the end of forecast period.
 

Increasing prevalence of respiration-related health conditions and rising emergency cases are augmenting the growth of global capnography devices market outlook. According to Forum of International Respiratory Societies (FIRS), about 384 million individuals suffer from chronic obstructive pulmonary disease (COPD) worldwide and 3 million related deaths are recorded each year.
 

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For the record, capnography is process wherein the concentration or pressure of CO2 in respiratory gases is controlled, thereby determining volume of CO2 in the patients’ bloodstream. These devices also assist in identifying the cause of respiratory stress and offer real-time monitoring of medication outcome.
 

Moreover, increasing number of innovative capnography devices, and government approvals for newly launched products are generating lucrative prospects for the business scenario.
 

However, lack of skilled labor and availability of cheap alternatives are the factors arresting the expansion matrix of worldwide capnography devices industry.
 

Based on product terrain, global capnography devices market is segmented into standalone, handheld, and multiparameter. By technology, the industry is fragmented into mainstream, microstream, and sidestream. While the application range include emergency medicine, critical care, procedural sedation, and pain management among others. Moving on to end-user spectrum, the marketplace is classified into ambulatory care centers, and hospitals.
 

Geographically, Asia Pacific, Europe, North America, and Latin America are the key contributors to the overall capnography devices industry remuneration. Of these, North America is slated to emerge as lucrative growth avenue for the market over 2020-2027, owing to increasing support from government for capnography devices for treating respiratory diseases, along with presence of key vendors in the region.
 

Whereas, Asia Pacific market is poised to grow substantially over the forecast period, on account increasing incidence of respiratory diseases, along with improving healthcare infrastructure in countries like India and China.
 

Leading players influencing global capnography devices industry trends are Koninklijke Philips N.V., Masimo, Welch Allyn Inc., Drägerwerk AG & Co. KGaA, Smiths Group plc, Diamedica (UK) Ltd., Becton Dickinson and Company (BD), Nihon Kohden Corporation, Nonin Medical Inc., and Medtronic plc.