The rising application of capnography devices in cardiac care further propels the market growth. The factors that are encourages the demand of capnography devices in cardiology is the rising prevalence of CVD coupled with growing number of surgeries across the globe. Heart diseases such as CVD, CHD (congenital heart disease), and stroke; among other heart diseases are the leading causes of mortalities across the globe. According to WHO, around 17.9 million fatalities occur each year due to heart diseases, which is estimated to be around 31.0% of the global fatalities. Amongst these fatalities, around 7.4 million had CHD and approx. 6.7 million fatalities occurred due to a stroke.
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As per WHO, By 2030, it has been projected that CVDs will be responsible for around 23.6 million mortalities across the globe. Around 80.0% of the deaths caused due to CVD take place in low-middle income group regions, such as Africa, Latin America, and Asia-Pacific. Excessive consumption of alcohol and tobacco, unhealthy diet, and sedentary lifestyle are the major factors that are giving rise to the incidence and prevalence rates of heart diseases. The rapidly increasing prevalence of heart diseases also leads to an alarming number of fatalities around the globe and the trend is expected to continue in the future. Therefore this further raises the demand of capnography devices in cardiology sector and contributes in the growth of the market.
Rising trend towards point of cardiac care in ambulatory surgical centers
Moreover, increasing point of care cardiac care in the ambulatory surgical centers further raises the demand of capnography devices. With the continuously growing patient care transition to the outpatient setting the Ambulatory surgical centers have become popular has high quality and cost-effective alternative to the hospitals. The type and number of services provided in the ambulatory surgical centers setting have prominently expanded. The scope of the procedure has a diverse range of services through several specialties such as cardiology. Moreover, specialties which have not adapted to the ambulatory surgical centers setting are taking notice for instance; spine and joint replacement cases have migrated away from the hospital setting and now routinely performed in ambulatory surgical centers.
Cardiac Services in the ambulatory surgical centers setting have diagnostic in nature and cardiology is one of the specialties with providers that identifying and enhancing the scope and type of the procedure which can perform in the ambulatory environment. The several interventional procedures have been included in the ambulatory surgical center's services that include pacer wires, PCATH, low-risk ablation cases, handheld capnography devices, pacemaker placement and catheter along with placements. In ambulatory surgical centers setting to being safe, many of these properly screened and lower risk cases may be performed with considerable cost savings. In August 2019, Freestanding Ambulatory Surgery Centers is a new strategy for cardiovascular services. These services specially offer outpatient imaging, ambulatory surgery, and physician’s office-based procedures. Ambulatory surgical centers offer economic and operational efficiencies allow for competitive pricing, rising opportunities for physician engagement and ease of patient access.
Global capnography devices Market Segmentation
By Product Type
By Application
By End-User
Global capnography devices Market – Segment by Region
North America
Europe
Asia-Pacific
Rest of the World
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