According to a study titled ‘Capnography Devices Market Size By Product (Hand-held, Stand-alone, Multi-parameter), By Technology (Side Stream, Main Stream, Micro Stream), By Component (Original Equipment Manufacturer (OEM) Modules), By Application (Emergency Medicine, Critical Care, Procedural Sedation, Pain Management), By End-use (Hospitals, Ambulatory Care Centers), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, Netherlands, Sweden, China, Japan, India, Australia, South Korea, Brazil, Mexico, Argentina, South Africa, Saudi Arabia, UAE, Egypt, Iran, Israel, Qatar), Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025’ available with Market Study Report, the global capnography devices market is anticipated to exceed USD 700 million by the year 2025.
 

Rising number of surgical procedures throughout the globe will drive the capnography devices market in the coming years. The use of capnography devices has become essential as they help in effectively monitoring the effects of anesthesia during an ongoing surgery. These devices also have notable advantages over the traditional pulse oximetry system such as real-time measurement of EtC02 and instant recognition of ventilation. Introduction of portable and automatic capnography devices will further stimulate the market growth over the forecast period.
 

As capnography devices are complex to use, these devices require trained and skilled professionals for optimal operation. Hence, dearth of experts, in consort with high cost of the device are acting as growth restraining factors for capnography devices market.
 

Based on the product type, multi-parameter capnography device market segment is anticipated to grow with a CAGR of 10.6% during the forecast period. The segmental growth can be attributed to its portability, ease-of-use, and its ability to monitor multiple patients simultaneously.
 

In terms of technology, micro-stream segment held a sizeable portion of the market share with a valuation of USD 36.1 million in 2018. Incorporation of molecular correlation spectroscopy for infrared radiation, along with its ability to eliminate complications such as facial burns has been favoring the adoption of micro-stream capnography devices over the conventional ones.
 

The original equipment manufacturer segment will continue to dominate the capnography devices market and is expected to grow by 9.9% in the coming years. The addition of new features to the existing models such as simple & precise portable CO2 monitoring device is boosting the adoption of OEM modules.
 

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Speaking of the application spectrum, capnography devices market from emergency medicine segment was worth USD 115.7 million in 2018. These devices are used to monitor ventilation parameters and to measure oxygen levels for ensuring stability of the patient.
 

Considering the geographical landscape, the U.S. capnography devices market is expected to witness a rapid growth of 9.6% during 2019-2025, due to high prevalence of respiratory disorders across the region. Well-established healthcare sector, in tandem with various government initiatives will further impel the regional market growth.
 

Some of the key players of the global capnography devices market are Masimo Corporation, CareFusion, Smiths Medical, Medtronic, DiMedica, Dragerwerk AG & CO. KGaA, Nihon Kohden, and Philip Healthcare among others.