Capnography Devices Market Growth, Opportunities and Forecast To 2028Posted by Ryan Shaw on April 20th, 2021 The global Capnography Devices Market size is expected to reach USD 1.1 billion by 2028, according to a new study by Grand View Research, Inc. The market is expected to expand at a CAGR of 9.7% from 2021 to 2028. Introduction of regulatory guidelines for procedural sedation and growing adoption of capnography in patient monitoring due to higher reliability and efficiency are anticipated to propel market growth over the forecast period. In addition, associated advantages such as ease of usage, minimally invasive nature, and medical efficiency with its usage are the key growth drivers for the market. Moreover, rising incidences of respiratory diseases that need continuous patient monitoring are expected to fuel the demand for EtCO2 monitors in coming years. The COVID-19 pandemic had a positive impact on the market as companies such as Medtronic witnessed increased demand for EtCO2 monitors during the pandemic. Some companies such as Capsule Technologies also received product approvals for their EtCO2 monitors during the pandemic, which further resulted in positive market growth. The market is highly competitive in nature and a limited number of players have a high level of dominance over the overall revenue share. The key market players account for a considerable share owing to their product offerings. Market leaders are involved in the establishment of extensive distribution systems as well as increasingly involving in mergers and acquisitions to capture a larger share of the market. For instance, in January 2021, Koninklijke Philips N.V. announced the acquisition of Capsule Technologies, Inc., hence enhancing its position in the patient care management solutions for hospitals. Related Press Release @ Capnography Devices Market Report Capnography Devices Market Report Highlights
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