Published March 17, 2023
The global capnography equipment market size was USD 339.3 Million in 2021 and is expected to register a revenue CAGR of 4.5% during the forecast period, according to the latest analysis by Emergen Research. Development of portable/POC capnography devices, evolving guidelines related to the clinical use of capnography, and increasing number of surgeries are factors driving revenue growth of the market.
Capnography is a suitable method for respiratory monitoring owing to its cost-effectiveness and lack of invasiveness. Increasing number of senior population and changes in lifestyle have a favorable effect on the sector. Recent technical advancements have enabled the creation of capnography instruments that are portable, effective, and totally autonomous. In addition, strategic efforts of key market participants have contributed to the growth of the industry.
Masimo, for instance, announced in April 2021 that its Radius PCG, a portable capnograph, received U.S. Food and Drug Administration (FDA) 510(k) clearance. The device has Bluetooth wireless connection as standard. In September 2020, the FDA approved an upgraded linked capnography monitoring system developed by Capsule Technologies. This resulted in increase in the variety of items offered by the company.
Rising demand for capnography devices over pulse oximetry during the forecast period, is driving revenue growth of the market for capnography equipment. The benefits that capnography has over pulse oximetry, such as its capacity to detect EtCO2 in real time and its instantaneous ability to recognize ventilation, are largely responsible for rise in demand for these devices. It is expected that technological advancements in capnography equipment, which will make the devices portable and autonomous, will contribute to revenue growth of the capnography market during the forecast period.
There is a lack of awareness among medical practitioners working in developing countries and countries with a weaker economy regarding the clinical value of capnography devices during surgical procedures and postoperative surveillance. There is also a lack of clinical evidence to back up the clinical efficacy of capnography devices for different uses, which has delayed its acceptance among surgeries in industrialized countries. Therefore, an inadequate understanding of the role that capnography plays, together with a scarcity of experienced specialists, is expected to restrict the optimal adoption of these technologies among healthcare providers across major markets over the forecast period. These factors could restrain revenue growth of the market to some extent.
Radical Highlights of the capnography equipment Market Report:
- The capnometers segment accounted for largest revenue share in 2021. Capnography is a procedure that is extremely helpful for monitoring the rate of respiration as well as the CO2 exchange on a breath-by-breath basis. Multi-parameter Patient Monitors (MPMs) track a variety of vital indicators constantly in Intensive Care Units (ICUs) as well as conventional wards. Some of these vital signs include blood pressure, heart rate, breathing rate, and oxygen saturation (SPO2). Multiparameter patient monitoring systems greatly aid in the diagnosis of surgically treated companion animals.
- The cardiac care segment accounted for largst revenue share in 2021. Capnography remains an essential method for monitoring carbon dioxide that has been exhaled (CO2). The most recent guidelines for Advanced Cardiac Life Support (ACLS) now advocate utilizing capnography to determine the efficacy of chest compressions and the duration of Cardiopulmonary Resuscitation (CPR). The field of critical care and intensive care has long used waveform capnography. It’s used often in the conscious sedation setting and during the transit of intensive care patients who require mechanical ventilation between facilities, making it a valuable airway management validation tool.
- The Hospital segment accounted for a significant revenue share in 2021. The total number of surgical procedures has increased as a result of hospitals increased use of capnography technology. Since capnography devices have so many applications, there is going to be a significant demand for them in hospitals. Patients spend less time in Intensive Care Units (ICUs) due to multi-parameter patient monitoring systems, which also improve hospital utilization by allowing for earlier diagnosis of patient diseases and shorter hospital stays. Patients also spend less time in ICUs as a result of multi-parameter patient monitoring systems.
- The market in Europe accounted for moderately large revenue share in 2021. Increasing need for cardiac procedures in countries across Europe, including Germany, the U.K., and France, and others, and rapid development of portable capnography devices are just two of the major factors driving revenue growth of the market. Capnography should be performed on patients in all healthcare settings during sedation, as the Joint Commission on Accreditation of Healthcare Organizations (JCAHO) recently mandated that the quality of treatment for sedated patients be consistent across all healthcare institutions.
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Furthermore, the report includes an in-depth analysis of the competitive landscape. The segment covers a comprehensive overview of the company profiles along with product profiles, production capacities, products/services, pricing analysis, profit margins, and manufacturing process developments. The report also covers strategic business measures undertaken by the companies to gain substantial market share. The report provides insightful information about recent mergers and acquisitions, product launches, collaborations, joint ventures, partnerships, agreements, and government deals.
Key Companies Profiled in the Report:
Masimo, ICU Medical, Drägerwerk AG & Co. KGaA, Welch Allyn, Koninklijke Philips N.V., Medtronic plc, Nonin, Becton, Dickinson and Company, General Electric Company, Hamilton Medical.
Emergen Research has segmented the global capnography equipment market on the basis of Product, application, technology, end-use:
- Product Outlook (Revenue, USD Million; 2019-2030)
- Multiparameter capnometers
- Standalone capnometers
- Capnography accessories & disposables
- Application Outlook (Revenue, USD Million; 2019-2030)
- Cardiac Care
- Trauma & Emergency Care
- Respiratory Monitoring
- Technology Outlook (Revenue, USD Million; 2019-2030)
- End-use Outlook (Revenue, USD Million; 2019-2030)
- Ambulatory Care Centers
Regional Analysis of the capnography equipment Market:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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