Carbon Dioxide (CO2) Monitors: A Global Strategic Business Report
San Jose, CA (PRWEB) November 18, 2011
Follow us on LinkedIn – The carbon dioxide (CO2) monitors market is witnessing an increasing trend over the last few years, primarily driven by enhanced requirements in patient monitoring, especially outside the operating rooms. Although majority of capnography applications are in the operating rooms for detecting and identifying the end-tidal CO2 levels, new and emerging applications including critical care units, recovery rooms, labor and delivery rooms, emergency rooms, post-anesthesia care units, and intensive care units are instigating the use of capnography equipment. Capnography market worldwide is presently considered a segment with rich opportunities, increasing simultaneously with the continuously evolving ways and methods of patient care. Major growth drivers over the years, have been the aging population as well as increasing pollution and rise in the number of breathing-related illnesses. Technological advancements in the industry, over the period of time, have transformed capnography equipment into sleek portable models. The global capnography market is an under penetrated one with dominance vested in the developed US and European markets, while some of the rapidly developing markets including China, Russia and India among others, have started witnessing above average growth in their respective markets only recently.
Regulations necessitating the need for monitoring equipment also represent one of the major growth propellers. Demand for capnography systems in the hospital environment is likely to increase with the implementation of favorable regulations by ASA (American Society of Anesthesiologists) and the growing requirement for monitoring devices. The new ASA regulations demand continual assessment of temperature, oxygenation, circulation, and ventilation status of patients, boosting the demand for capnography monitoring devices. Capnography is not uniformly acknowledged as reimbursable in markets such as acute care. However, regulators in America mandate the use of patient monitor systems with capnography features in emergency rooms and critical care units. Even as growth of surgical procedures and interventions impel growth of patient monitors, manufacturers and medical care advocates are required to encourage Medicaid, Medicare and other third party payers in adopting uniform reimbursement policies.
The United States commands a dominant position as the largest regional market, garnering a significant share in the worldwide market, as stated by the new market research report on Carbon Dioxide (CO2) Monitors. The Asian and other developing markets including Latin America and Middle East are forecast to race ahead at a sturdy rate of growth, propelled by growing adoption rate, increasing disposable incomes and better product awareness. By product segment, End-tidal Carbon Dioxide (EtCO2) Monitors represents a significant market, garnering a major share in the global market for carbon dioxide monitors.
Major players profiled in the report include B. Braun Melsungen AG, CAS Medical Systems, Inc., Criticare Systems, Inc., Dräger Medical GmbH, GE Healthcare Life Support Solutions, Heinen + Löwenstein GmbH, Invivo Corporation, Ivy Biomedical Systems, Inc., Mindray North America, Nellcor Puritan Bennett, LLC, Nihon Kohden Corporation, Nonin Medical, Inc., Oridion Systems, Ltd., OSI Systems, Inc., Philips Healthcare, Physio-Control, Inc., Radiometer Basel AG, among several 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 industry and product overview, major market trends and issues, product introductions, recent industry activity, and profiles of market players worldwide. Analytics are presented in value (US$) for major geographic markets including United States, Canada, Japan, Europe, Asia-Pacific and Rest of World. Major product segments analyzed include End-Tidal Carbon Dioxide (EtCO2) Monitors, and Transcutaneous Carbon Dioxide (tcpCO2) Monitors. The study also provides historic data for an insight into market evolution over the period 2003 through 2008.
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