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Latin America Capnography Equipment Market Valuation US$ 30.2 Mn by 2021
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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.
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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.
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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.
Key players operating in the capnography equipment market in Latin America include Drägerwerk AG & Co. KGaA, Masimo Corporation, Medtronic, Inc., NIHON KOHDEN CORPORATION, Nonin Medical, Inc., Philips Healthcare, Smiths Medical, and Welch Allyn, Inc. Market players are continuously engaged in developing new and advanced capnography equipment along with additional features to strengthen their position in the capnography equipment market.
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