Capnography Devices Industry
The EV charging infrastructure market share is expected to witness considerable momentum from the budding alliances amid major companies such as Nissan and BMW. In addition, burgeoning demand for electrically-fueled, low emission and energy efficient transportation systems will augment EV charging infrastructure industry trends.
Stringent regulatory policies and mandates pertaining to environmental wellbeing and the rampant penetration of electricity-based clean-energy vehicles gaining widespread popularity are also expected to expedite market growth to a great extent.
Likewise, persistent R&D efforts, technical innovations, and growing financial interest in infrastructure development will further bolster EV charging infrastructure industry outlook.
As emissions from on-road diesel-based vehicles continue to surge, several regulatory mandates have been initiated in order to encourage the implementation of alternate-fuel based vehicles, which will in turn augment EV charging infrastructure market demand. Furthermore, the advent of numerous state and federal purchase incentives has mitigated up-front costs for these vehicles thereby bridging cost-gaps with gas driven vehicles.
The transition towards zero-emission transport is bolstered by escalating taxes on carbon-intensive oils alongside location and distance-specific charges, thereby propelling industry expansion.
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Shifting preferences towards sustainable and energy-efficient transportation systems in Germany
The Germany EV charging infrastructure market trends are expected to proliferate immensely owing to the stringent regulations regarding the influence of GHG emissions on environmental and human well-being.
Proliferation of fuel costs and the subsequent rise in adoption of electric vehicles are likely to foster market development. For instance, the IEA (International Energy Agency) estimates that EV installations will grow twofold from 60 million to approximately 125 million by 2030, asserting a positive impact on infrastructure advancement.
The industry landscape will be further enhanced due to emission reduction and efficient, peaceful transit as a result of the shift from diesel buses to their electric counterparts.
Rising demand for better EV charging infrastructure in the Netherlands region
Technological evolution geared towards the adoption of efficient EV charging stations with significant cost-savings is likely to impel market dynamics. In fact, the Netherlands region is expected to witness a surge in installation exceeding 200 thousand units by 2025.
Installations of EV equipment in the region will also be accelerated owing to rampant progressions in machineries for speedy charging processes and better energy production, storage and management. Myriad financial incentives such as rebates and tax credits for vehicle and charging points are also likely to stimulate electric vehicle charging infrastructure market growth.
Prolific advantages of DC charging towards higher ecological sustainability
DC charging is projected to increase owing to pivotal characteristics including energy storage, grid connection and the ability to send and receive signals of utility pricing. Advantageous regulatory norms & initiatives along with subsidy & grant support and tax rebates will boost charging equipment demand for electric vehicles.
In addition, the rising need for fast & ultrafast DC station installations, including, CCS, Tesla Superchargers and CHAdeMO, will augment the industry growth. Industrial development, heightened awareness of environmental conservation characterized by elevated demand for energy-efficient systems will further stimulate electric vehicle charging infrastructure market share.
Based on Global Market Insights, Inc. estimates, the EV charging infrastructure market size is set to exceed $46 billion by 2025.
Author Name : Saloni Walimbe
Increasing prevalence of chronic diseases and a surge in the number of surgical procedures worldwide will fuel capnography devices market size over the forthcoming years. According to World Health Organization (WHO), cases of chronic disorders like diabetes, cancer, asthma, heart and other diseases is projected to grow by 57% by the year 2020. Capnography equipment are widely adopted for major surgeries to improve patient safety and reduce adverse respiratory event, avoiding deterioration to a more critical or fatal condition. Consistent need to improve the quality of surgical procedures will considerably foster capnography devices industry trends over the forecast timeframe.
U.S. capnography devices market, 2018 & 2025 (USD Million and Units)
Capnography has been recognized as a standard of monitoring patient safety in ICUs, as well as for the surgical patients during anesthesia. A substantial rise in acute respiratory and chronic obstructive pulmonary diseases among elderly population will further propel capnography devices industry size. With development of advanced technologies and better scientific understanding of the value of capnography, healthcare providers are able to easily identify potential breathing complications and respond accordingly with a change in clinical management.
Capnography has been shown to be a useful tool in monitoring patients who are suffering from breathing disorders, as it provides an early warning of respiratory depression and prevents people from serious adverse events. Reports suggest that in 2018, the deployment of capnography devices in critical care patients was registered at USD 93.3 million globally. Growing number of people suffering from chronic conditions and increased admission of patients in hospitals will undoubtedly increase the need for patient monitoring, stimulating capnography devices market share.
Earlier in the year, Medtronic had informed about the results of PRODIGY, a multi-center study for identifying people having higher risk of opioid-induced respiratory depression. The tool is expected to help direct early intervention through continued capnography-based monitoring, such as using the Capnostream device of Medtronic. The system could enable hospitals detect potential risks among patients early, demonstrating the importance of close monitoring through novel devices. Such initiatives will certainly outline capnography devices market outlook over the coming years.
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Cardiovascular disease is one of the leading causes of mortality in the United States, followed by chronic respiratory diseases and cancer. According to the American Heart Association, approximately half of the adults in U.S. have cardiovascular diseases. With gradual rise in the volume of patients suffering from cardio-respiratory diseases, there would be a wider utilization of monitoring devices in treatments and during surgeries, proliferating North America capnography industry share.
A notable development in the field of capnography devices was Masimo’s FDA approved Root patient monitoring platform with Capnography. It had been observed that despite the advancement in medical tech, the lack of device integration and communication generates risks for patient safety in hospitals globally. To address these types of challenges, each Root can be used as a connectivity gateway to connect numerous standalone devices like hospital beds, ventilators, and other patient monitors. Reports confirm that in the year 2018, stand-alone capnography devices market size was recorded at USD 117.5 million.
With considerable efforts put in by high-end hospitals and surgical centers towards adopting and innovating safer and reliable patient care products, capnography device industry will exhibit notable growth rate in the next few years. WHO had informed that in 2016, there were nearly 251 million cases of chronic obstructive pulmonary disease all over the world, where most instances were a result of long-term asthma, exposure to tobacco and may other causes. Capnography clearly has a vast application space in the healthcare sector to tackle the prevalence of chronic disorders.
Prominent players including Masimo Corporation, Smiths Medical, CareFusion, Medtronic, and among others have strongly built their R&D capabilities and enhanced manufacturing processes, showcasing strong dominance over the industry. As per a recent research report compiled by Global Market Insights, Inc., capnography devices market size is projected to exceed USD 700 million by 2025.
Author Name : Deeksha Pant