LATIN AMERICA CAPNOGRAPHY EQUIPMENT MARKET ANALYSIS

Latin America Capnography Equipment MarketSize and Trends

Latin America Capnography Equipment Market is estimated to be valued at US$ 39.7 million in 2023 and is expected to exhibit a CAGR of 17.0% during the forecast period (2023-2030). Increase in product launches by key market players is expected to drive the market growth over the forecast period. Moreover, an increase in product approvals and inorganic strategies such as collaborations and partnerships are expected to drive the Latin America capnography equipment market.

Latin America Capnography Equipment Market Segmentation:

The Latin America Capnography Equipment Market report is segmented into by product type, by application, and by end user.

By product type, the market is segmented into capnographs and disposables. Out of which, the capnographs segment is expected to dominate the Latin America Capnography Equipment Market during the forecast period. Major players in the market are focused on expanding their product portfolio through various research and development activities.

By Application, the market is segmented into procedural sedation, anesthetics, diagnosis, and monitoring of patients, among others. Out of which, the anesthetics segment is expected to dominate the market over the forecast period and this is attributed to an increase in technological advancements.

By End user, the market is segmented into hospitals, ambulatory surgical centers, among others. Out of which hospital and hospitals segment is expected to dominate the market over the forecast period. For Instance, in 2020, hospitals and clinics accounted for the greatest market share in the era of COVID-19. Expanding healthcare facilities, and technological developments, all these factors had boosted the growth of the capnography equipment market.

Among all segmentation, product type segment has the highest potential due to an increase in product launches by the market key players over the forecast period. For instance, in April 2021, Masimo Corporation, a global medical device company, announced that it had established CE marking for their Rad-97 Pulse CO-Oximeter, with integrated NomoLine capnography.

Latin America Capnography Equipment Market: Key Trends

Increasing number of government initiatives to improve the healthcare facilities

Increasing number of government organizations' initiatives to improve the healthcare and surgery facilities in Latin America is expected to drive the market growth in the country over the forecast period. For instance, in December 2022, The Pan American Health Organization reported that at the Pan American Sanitary Conference in September 2022, the American Ministers of Health agreed on a policy 'The Policy on Integrated Care for Improved Health Outcomes' to change health services towards integrated, non-fragmented care, assuring smooth, quality, person-centered treatment in Latin America.