Latin America Capnography Equipment Market is expected to expand at a CAGR of 17.5 %, to reach USD 30.2 million by 2031

Latin America Capnography Equipment Market 2022-2031

The Latin America Capnography Equipment Market is expected to grow on a healthy note in the subsequent decade. With value-based care picking up, close to 15% of the entire population is under its umbrella as of now. Programs like "Online Bachelor's Degree in General Studies with a Concentration in Healthcare" is being floated, which could aid professionals to lead in the value-based care strategies. In other words, the future belongs to professionals bringing conventional skills in communication, care, and leadership with new-fangled skills in analytics and technology. So, "being value-based" would hold value in the healthcare vertical in the future.

According to a new market report published by Persistence Market Research "Latin America Capnography Equipment Market: Brazil to Witness Highest Growth by 2031", the capnography equipment market for Latin America was valued at USD 9.7 million in 2021 and is expected to expand at a CAGR of 17.5 % from 2021 to 2031, to reach USD 30.2 million by 2031.

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The capnography equipment market is growing rapidly in Latin America majorly due to the recommendations to use capnography in routine hospital settings by esteemed organizations and government bodies. The World Health Organization (WHO), in its 2009 report on safe surgery, recommended the use of capnography monitoring during endotracheal tube placement, hypoventilation, and esophageal intubation for better outcome.

The Uruguayan Society of Anesthesiologists and the American Society of Anesthesiologists recommended capnography monitoring in routine-use during procedural sedation and anesthetics. These guidelines substantiate the importance of capnography equipment in hospital use. Moreover, high impact of the U.S. health care system on the health care market in Latin America is augmenting the capnography equipment market in this region.

Major players profiled in this report include:

Drägerwerk AG & Co. KGaA.
Masimo Corporation.
Medtronic, Inc.
Nihon Kohden Corporation.
Nonin Medical, Inc.
Philips Healthcare.
Smiths Medical.
Welch Allyn, Inc.
Other.

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Based on types of capnograph, the sidestream capnograph segment dominated the capnography equipment market in 2014, with a share of around 52.9%. Easy-to-use and capability to monitor the patient in non-intubated condition are the major factors that contributed to the high demand for sidestream capnograph. Additionally, presence of large number of players including local companies offering sidestream capnograph in their portfolio has increased the awareness and demand for sidestream capnograph in Latin America.

The microstream capnograph segment has been projected to witness high growth during the forecast period in Latin America as these are cost-effective and offer several advantages in all hospital settings. The device could also be used for monitoring both non-intubated patients and neonates. However, sidestream capnograph cannot be used to monitor neonatal patients and mainstream capnograph lack the capability to monitor non-intubated patients.

Based on countries, Brazil held the largest share of around 31.4% of the capnography equipment market in Latin America in 2014. High demand for plastic surgery, rising medical tourism for various types of dental surgeries, cosmetic surgeries and cardiac procedure, and large proportion of GDP expenditure on health care in Brazil are the major factors propelling the capnography equipment market in the region. Brazil is anticipated to be the fastest growing market for capnography equipment in Latin America during the forecast period.

The capnography equipment market in Latin America has been segmented into the following:

LATAM Capnography Equipment Market, by Products 
Capnograph
Mainstream Capnography
Sidestream Capnography
Microstream Capnography
Disposables

LATAM Capnography Equipment Market, by End-users
Hospitals
Operating Room
Intensive Care Units
Emergency Rooms
Post-anesthesia Care Unit
General Care Floor
Ambulatory
Others

LATAM Capnography Equipment Market, by Applications
Procedural Sedation
Anesthetics
Diagnosis and Monitoring of Patients
Others

LATAM Capnography Equipment Market, by Countries 
Brazil
Mexico
Argentina
Colombia
Rest of LATAM

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Key Questions Answered in the Latin America Capnography Equipment Market Report

How is the Latin America Capnography Equipment market expected to grow over the projected period?

What direction is the Latin America Capnography Equipment market expected to take in terms of volume and value during the forecast period?

What is the impact of macroeconomic factors on the Latin America Capnography Equipment market in future?

What are the key market drivers in the Latin America Capnography Equipment market?

What are significant opportunities and improvement areas for Latin America Capnography Equipment manufacturers?

What are the key developments and trends taking over the Latin America Capnography Equipment market?

Which are the emerging countries that are expected to create significant growth opportunities in the Latin America Capnography Equipment market?

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