Latin American capnography equipment market may increase by 17.5% during 2014-2021
The capnography equipment market in Latin America was valued at USD 9.7 million in 2014 and is expected to grow at a CAGR of 17.5 % from 2014 to 2021, to reach USD 30.2 million by 2021. The reason behind this growth is recommendations to use capnography in routine hospital settings by several renowned organizations, government and regulatory bodies. In one of the reports on safe surgery published in 2009, the World Health Organization recommended the use of capnography monitoring during endotracheal tube placement, hypoventilation and esophageal intubation for better results. The American Society of Anesthesiologists and the Uruguayan Society of Anesthesiologists recommended capnography monitoring in routine use during procedural sedation and anesthetics. These guidelines proved the importance of capnography equipment in hospital use. Moreover, high impact of the United States healthcare system on the healthcare market in Latin America is augmenting the capnography equipment market in this region. Major factors such as easy-to-use and capability to monitor the patient in non-intubated condition are contributing to the high demand for sidestream capnograph.