Capnography Devices Market - Strategic Imperatives for Success and Growth Analysis By 2030
Capnography Devices Industry Overview The global capnography devices market size was valued at USD 565.3 million in 2021 and is expected to witness a compound annual growth rate (CAGR) of 9.9% from 2022 to 2030. Technological advancements, the prevalence of respiratory diseases, and supportive government initiatives are anticipated to boost the market growth over the forecast period. The growing adoption of capnography in the treatment of respiratory diseases, due to higher reliability and efficiency, is expected to improve the medical efficiency of these devices in patient monitoring. According to a 2020 report by the Office of Disease Prevention and Health Promotion, more than 25 million people in the U.S. are suffering from asthma. During the COVID-19 pandemic, market players, such as Medtronic, experienced a surge in the demand for capnography devices, among other respiratory system-related products. This was mostly because capnography devices fall under the category of non-in...