The Global Market for Carbon Dioxide (CO2) Monitors is Projected to Reach US$647.6 Million by 2022

Growing Prevalence of Respiratory Disorders Drives the Carbon Dioxide (CO2) Monitors Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Carbon Dioxide (CO2) Monitors market. The global market for Carbon Dioxide (CO2) Monitors is projected to reach US$647.6 million by 2022, driven by the rapidly aging population, rising prevalence of respiratory disorders, increase in chronic hypercapnia as a result of atmospheric pollution, and growing role of capnography in emergency medicine.  

Carbon dioxide (CO2) monitors, in their various forms, are employed for detecting and measuring CO2 concentration indicative of changes to breathing functions. Aging population and rising pollution levels are some of the factors driving incidence and prevalence of breathing disorders such as Asthma and COPD (chronic obstructive pulmonary disease), which are collectively driving demand for devices used in measuring and analyzing breathing functions including CO2 monitors. The growing need for monitoring various parameters in patients across a wide range of medical settings, favorable regulations and policies from governments, and technological advances are also helping spur market growth. Several governments worldwide, particularly in the developed countries, have issued recommendations, guidelines and standards in favor of using carbon dioxide monitors in various settings including anesthesia and intensive care. The need to assess a patient’s ventilation is expanding application areas to recovery rooms, post-anesthesia care units, critical care units, delivery rooms and pre-hospital and in-transit settings.

Advances in technology have led to improved sophistication in functioning of carbon dioxide monitors, which, along with parallel rise in reliability and efficacy, have led to higher and growing dependence on these devices for better assessment of a patient’s health. End-Tidal Carbon Dioxide (EtCO2) Monitors, particularly Capnography monitors, are increasingly becoming a standard of care across a wide range of clinical settings. Clinical utility and demand for end-tidal CO2 monitoring, time-based capnography and volumetric capnography are witnessing strong growth. While end-tidal CO2 monitoring has been in existence for several years, time-based and volumetric capnography have witnessed tremendous research attention and are primed for clinical adoption. Recent trends towards miniaturization along with the development and use of advanced sensors have made EtCO2 devices more economical, paving way for improved adoption. Device miniaturization is enabling EtCO2 to be available across new areas of healthcare delivery, particularly those that are characterized by difficultly in accessibility for conventional devices.

As stated by the new market research report on Carbon Dioxide (CO2) Monitors, the United States represents the largest market worldwide, supported by stringent patient safety mandates and favorable demographic factors. Aging population, increasing pollution, rising expenditure on healthcare and improving healthcare services are expected to drive adoption in emerging markets. Asia-Pacific ranks as the fastest growing market with a CAGR of 15.5% through the analysis period.

Major players profiled in the report include Criticare Systems, Inc., Dräger Medical GmbH, GE Healthcare, Invivo Corporation, Masimo Corporation, Medtronic plc, Mindray North America, Nihon Kohden Corporation, Nonin Medical, Inc., OSI Systems, Inc., Philips Healthcare, Physio-Control, Inc., Radiometer Medical ApS, Smiths Medical and Thames Medical among others. 

The research report titled “Carbon Dioxide (CO2) Monitors: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections for Carbon Dioxide (CO2) Monitors in terms of US$ for all major geographic markets such as United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (Australia, China, India and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America) and Rest of World. The report also analyzes the global and regional markets for Carbon Dioxide (CO2) Monitors by product segments - End-Tidal Carbon Dioxide (EtCO2) Monitors, and Transcutaneous Carbon Dioxide (tcpCO2) Monitors.

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