The Global Market for Carbon Dioxide (CO2) Monitors is Projected to Reach US$777.7 Million by 2024

Growing Awareness Over the Clinical Importance in Assessing & Monitoring Respiratory Function Drives the Global 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 size, share and demand forecasts on the global Carbon Dioxide (CO2) Monitors market. The global market for Carbon Dioxide (CO2) Monitors is projected to reach US$777.7 million by 2024, driven by aging population, rising incidence of respiratory disorders, increasing support from health organizations and growing application areas.     

Respiratory decomposition or failure is a growing concern in the healthcare sector worldwide, driven by increasing prevalence of respiratory disorders and growing number of surgeries using anesthesia. With patient safety assuming unprecedented attention, there is a growing demand for technologies that assist in evaluating respiratory condition in patients. Of the various technologies available, CO2 monitoring devices are gaining significant attention for assessment of airway ventilation in patients. Driven by unmet needs left behind by pulse oximetry, ability of CO2 monitors to identify aberrations in respiratory function early, technological advances, and growing support from governments and heal organizations in the form of recommendations, carbon dioxide monitors have become an integral part of vital monitoring tools in various medical environments. Expanding application areas such as in pre-hospital settings and use in neonatal subjects further driving growth in the market and indicate brighter prospects for the market going forwards. Ongoing research in this space continues to back the need and efficiency of CO2 monitors in various healthcare settings, both conventional and new environments including pre-, peri- and post-surgical settings, resulting in many health associations and governments recommend their use.

End-Tidal Carbon Dioxide Monitors or EtCO2 monitors are devices that analyze maximal concentration or partial pressure of CO2 from exhaled breath. Also called capnography, EtCO2 is the most advanced and increasingly popular technology in CO2 monitors. Growing list of applications over the years with several more presently under research, the segment is expected to retain its dominance going forwards. Transcutaneous Carbon Dioxide (tcpCO2) Monitors continue to grow driven by their extensive use in select applications where EtCO2 measurements are not feasible. Technological advances continue to drive adoption of CO2 monitors, which have transformed these devices in to more compact, user friendly, efficient and modular compatible with patient monitors, increasing their reliability and customer trust that are translating into higher sales. Microstream capnographs are the most recent of the technologies developed and are witnessing growing scientific attention and market adoption, driven by their ability to resolve issues inherent to conventional capnography technologies. 

As stated by the new market research report on Carbon Dioxide (CO2) Monitors, the global CO2 monitors market is an under penetrated one with dominance vested in the developed U.S. and European markets. The US represents the largest market worldwide, where rising geriatric population, high awareness, positive recommendations from various health organizations and health associations, and technological advances as well as their availability result in higher sales. A wider installed base creating significant demand for disposables and accessories, and emergence of novel technologies are expected to fuel growth in the market over the following years. Growth in the market is spearheaded by developing markets including China, Russia and India among others. Asia-Pacific represents the fastest growing market worldwide, with a CAGR of 16% through the analysis period. Factors such as improving economic growth, rising incomes, increasing access to better healthcare facilities, growing awareness, rising prevalence of various chronic conditions spurring surgeries and diagnostics, and increasing awareness and availability of advanced monitoring technologies fuel growth in demand for CO2 monitors in the region.

Major players in the market include Criticare Technologies Inc., Dräger Medical GmbH, GE Healthcare, Invivo Corporation, Masimo Corporation, Medtronic plc, Mindray DS USA Inc., Nihon Kohden Corporation, Nonin Medical Inc., OSI Systems Inc., Philips Healthcare, 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 value terms 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. Product segments analyzed include End-Tidal Carbon Dioxide (EtCO2) Monitors and Transcutaneous Carbon Dioxide (tcpCO2) Monitors.

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