What are Major Factors Driving Growth of Global Capnography Devices Market?

The increasing incidence of respiratory diseases such as pulmonary embolism, asthma, and chronic obstructive pulmonary disease (COPD) is one of the main factors fuelling the rising demand for capnography devices all over the world.

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As per the study, “The Global Burden of Diseases” by the World Health Organization (WHO), COPD was responsible for nearly 3.2 million deaths across the world in 2015 and this number is expected to increase to 4.5 million by 2030. Additionally, it is expected that the low and middle income countries will be more severely affected by COPD than the developed nations in the future years.

Powered by the above-mentioned factors, the revenue generated from the worldwide sales of capnography devices is predicted to rise from $379.9 million in 2019 to $490.9 million by 2025. The global capnography devices market is predicted to advance at a CAGR of 4.4% during the forecast period (2020—2025). The most widely used types of capnography devices are stand-alone, multi-parameter, and handheld devices. Out of these, the sales of the handheld devices is expected to be the highest during the forecast period.

Thus, it may safely be said that the sales of capnography devices will shoot-up across the world in the years to come, mainly on account of their numerous advantages in treating respiratory ailments and the increasing prevalence of respiratory diseases throughout the world.