Capnography Equipment Market

Growth strategies is adopted by market players in Capnography Equipment Market

The global capnography equipment market is projected to reach USD 366.5 million by 2023 from USD 297.1 million in 2018, at a CAGR of 4.3% during the forecast period of 2018 to 2023. Growth in this market is majorly driven by factors such as the development of portable/point-of-care capnography devices, clinical benefits of capnography equipment over pulse oximetry, increasing number of surgeries, and the evolving guidelines related to the clinical use of capnography.

The global capnography equipment market is projected to reach USD 366.5 million by 2023 from USD 297.1 million in 2018, at a CAGR of 4.3% during the forecast period of 2018 to 2023. Growth in this market is majorly driven by factors such as the development of portable/point-of-care capnography devices, clinical benefits of capnography equipment over pulse oximetry, increasing number of surgeries, and the evolving guidelines related to the clinical use of capnography.

An analysis of the market developments between 2015 and 2018 has revealed that growth strategies such as product launches and approvals, agreements, expansions, and acquisitions were adopted by market players to strengthen their product portfolios and maintain a competitive position in the capnography equipment market. Among these, product launches and approvals were the most widely adopted growth strategies. Companies such as Masimo, Hill-Rom, and Infinium Medical adopted product launch as their major growth strategy.

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As of 2017, Medtronic (Ireland) is the key player in the global capnography equipment market. The company offers portable and handheld capnography equipment (which can be used in any clinical setting) for intubated or non-intubated patients. The strength of the company lies in its geographic presence and brand image. Currently, the company has a strong presence in mature markets and is further expanding its footprints in emerging markets. For instance, in 2015, the company opened its regional headquarters in Singapore to improve its market presence in the Asia Pacific region.

Smiths Group (UK) is among the key manufacturers of capnography equipment, as of 2017. The company provides capnography equipment and accessories through its Smiths Medical business segment. Also, the company has a major focus on providing technologically advanced products and is increasingly investing in R&D activities. For instance, it invested 6.4% of its total revenue on R&D in 2017. The company’s main competitors are Medtronic, Becton Dickinson, Baxter, and B. Braun.

As of 2017, Masimo Corporation (US) holds a significant share in the global capnography equipment market owing to its targeted portfolio of capnography products. This is expected to be an important factor for the company’s growth in the coming years as well.

Related Reports:

Capnography Equipment Market by Product (Capnometer (Multiparameter, Standalone, Handheld, Conventional), Accessories), Technology (Mainstream, Sidestream), Application (Cardiac Care, Trauma, Emergency Care), End User (Hospital) - Global Forecast to 2023

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Report Code
MD 6607
Published ON
Sep, 2018
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