The Europe Capnography Equipment Market would witness market growth of 5.0% CAGR during the forecast period (2022-2028).
The Joint Commission on Accreditation of Healthcare Organizations (JCAHO) has ordered that the quality of care for sedated patients be consistent across all healthcare institutions, which means that capnography should be done on patients in all healthcare settings during sedation. Furthermore, the Society of Gastroenterology Nurses and Associates recommended that capnography be included in normal hospital monitoring for patients, indicating an increasing awareness and demand for capnography technology.
The rise in the prevalence of respiratory diseases and illnesses needing rigorous and continuous respiratory monitoring, such as pulmonary embolism, chronic obstructive pulmonary disease (COPD), asthma, and others, is driving the expansion of the capnography equipment market. During the forecast years, technological advancements in the capnography market, as well as its advantages over pulse oximetry such as early detection of hypoventilation, insensitivity to supplemental oxygen, recognition when breathing stops, and others, would increase the demand for capnography equipment.
Every year, the number of procedures performed in Europe increases. Anesthetics are commonly utilized in all surgical operations to alleviate discomfort during surgery, therefore a rise in the number of surgeries conducted has a significant impact on the anesthetics industry. Thus, the use of capnography equipment becomes essential to measure the CO2 levels of the patient undergoing surgery under anesthesia. In addition, the government spending of healthcare sector is constantly increasing, which is creating opportunities for the medical device and equipment manufacturers.
A growing number of procedures for cataracts, tonsillectomy, colonoscopy, cesarean sections, and hip replacements are being performed across Europe. More than a million cesarean sections were done in the European continent. New anesthetic medications, as well as an increase in procedures, are boosting the capnography equipment market. Along with that, the cases of various health conditions requiring capnography is constantly increasing across this region and hence, accelerating the growth of the regional market during the forecast period.
The Germany market dominated the Europe Capnography Equipment Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $30.8 million by 2028. The UK market is anticipated to grow at a CAGR of 4.2% during (2022 - 2028). Additionally, The France market would showcase a CAGR of 5.8% during (2022 - 2028).
Based on Technology, the market is segmented into Mainstream, Sidestream, and Microstream. Based on Application, the market is segmented into Cardiac Care, Trauma & Emergency Care, Respiratory Monitoring, and Others. Based on End User, the market is segmented into Hospitals, Ambulatory Surgery Centers & Home Care, and Others. Based on Product, the market is segmented into Accessories & disposables and Capnometers (Multiparameter and Standalone). Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Capnography Equipment Market Size will Hit $451.8 Million by 2028, at a CAGR of 4.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Masimo Corporation, Koninklijke Philips N.V., Becton, Dickinson and Company, Medtronic PLC, General Electric (GE) Co. (GE Healthcare), Dragerwerk AG & Co. KGaA, Asahi Kasei Corporation (Zoll Medical Corporation), Hamilton Medical AG (Hamilton Bonaduz AG), Edan Instruments, Inc., and Nihon Kohden Corporation.
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