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2020

Capnography Market

Capnography Market Size, Share, Competitive Landscape and Trend Analysis Report by Product Type Application and End Use : Global Opportunity Analysis and Industry Forecast, 2020-2027

LS : Medical Devices & Supplies

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Author's: Ravi Telugunta| Apoorva Srivastava | Roshan Deshmukh
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The global capnography market accounted for $393.93 million in 2019, and is expected to reach $1,181.55 million by 2027, registering a CAGR of 13.5% from 2020 to 2027.

Capnography is used for assessing ventilation. Capnograph is a waveform that observes the CO2 level at each phase of the respiratory cycle and is used for measuring and displaying respiratory rate. Furthermore, capnographs used for measurement of the Carbon Dioxide (CO2) concentration in exhaled air are known as capnography devices. These devices are used extensively during intensive care and anesthesia procedures.

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The capnography market is positively impacted by the pandemic, as most countries adopted lockdown to combat the pandemic. Furthermore, most of the leading companies business has been positively impacted by the capnography products, which are in high demand as a result of COVID-19 include extracorporeal life support products. In addition, the global capnography market will witness significant growth in 2019 and is anticipated to follow the trend until the end of the forecast period. Furthermore, the capnography market is expected to retain its growth even after the control of the pandemic situation. Moreover, according to World Health Organization (WHO), people of age group 40 and above are vulnerable to coronavirus infection and face severe breathing problems which it is foreseen to positively impact on the growth of capnography market. For instance, several companies are merging their business with capnography device manufacturing company to overcome the lack of capnographs required for treatment of COVID-19 patient. All these factors are anticipated to impact the capnography market as well in the future.

Rise in incidences of respiratory diseases, technological advancements in capnography devices, and rise in government initiatives in support of use of capnography devices are the key factors that positively impact growth of the market. In addition, rise in number of surgical procedures is expected to stimulate the global capnography market growth during the forecast period. Use of capnography devices in monitoring effects of anesthesia during surgery is expected to surge the demand of capnography devices. According to the Australian Institute of Health and Welfare, 2.7 million hospitalizations included surgical procedures during 2016 to 2017. Moreover, with the rise in number of in-patient and out-patient surgeries, the demand for capnography devices is also expected to increase, which propels the capnography devices market growth. 

Rise in adoption of capnography devices over pulse oximetry is expected to surge the capnography devices market during the forecast period. This increase in demand for capnography devices is attributed to certain advantages of capnography such as real-time measurement of EtCO2 and immediate recognition of ventilation as compared to oximetry. Furthermore, technological advancements in capnography devices to make it portable and automatic is expected to fuel the capnography market growth during the forecast period. Furthermore, capnography devices are complex and require trained and skilled professionals. Hence, high cost of devices and lack of trained professionals are expected to restrain the capnography market growth during the forecast period.

Rise in prevalence of population suffering from respiratory diseases is expected to positively affect growth of the market. Moreover, increase in initiatives undertaken by authorities and governments to improve healthcare systems and spread awareness regarding benefits of capnography devices are also expected to increase growth of the market.

Capnography Market Segmentation

The market is segmented on the basis of product, application, end user, and region. On the basis product, it is categorized into capnographs and capnography disposables. Capnograph is further subdivided mainstream capnographs, sidestream capnographs, and microstream capnographs. By application, the market is categorized into procedural sedation, pain management, emergency medicine, critical care, general floor, and others. By end user, it is segmented into hospitals and ambulatory surgical centers. On the basis of region, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Spain, Italy, and rest of Europe), Asia-Pacific (Japan, China, India, Australia, South Korea and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).

Capnography Market
By Product Type
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Capnographs segment is expected to exhibit the fastest growth rate

Segment review

On the basis of products, the capnographs segment dominated he global capnography market in 2019, and is anticipated to continue this trend throughout the forecast period, owing to certain advantages of capnography such as real-time measurement of EtCO2 and immediate recognition of ventilation. Furthermore, technological advancements in capnography devices to make it portable and automatic escalates the market growth. In addition, by application, the emergency medicine segment dominated the global market. The key factors that drive the capnography market growth include high demand for such devices in emergency departments. In addition, capnography is employed in emergency departments to ensure patient stability by measuring oxygen levels. Hence, numerous applications of capnography in emergency medicine are expected to increase its adoption rate in the future.

Capnography Market
By Application
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Procedural Sedation segment acquired the major share of the capnography market

By end user, the hospitals segment accounted for majority of the market share in 2019, and is anticipated to continue this trend throughout the forecast period, owing to rise in number of surgeries performed and high adoption rate of capnography devices in hospitals. Advantages such as non-invasiveness and reliability in measuring ventilation will increase the demand for capnography devices in hospitals.

Capnography Market
By End User
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Hospital segment acquired the major share of the capnography market. This is attributable to that the rise in investment in capnography products and approval of capnography products in most of the countries such as U.S. and Europe.

Snapshot of Asia-Pacific Capnography market

Asia-Pacific presents lucrative opportunities for key players operating in the capnography market, owing to increase in population coupled with high growing geriatric population. In addition, rise in healthcare expenditure and developing guidelines are expected to propel the market growth in the region.

Capnography Market
By Region
2027
North America 
Europe
Asia-Pacific
LAMEA

North America accounted for the major share of capnography market and is expected to continue this trend owing to, owing to surge in prevalence of respiratory, cardiovascular diseases and COPD. In addition, easy availability of capnography products and surge in awareness in healthcare worker related to use of capnographs in treatment are other major factors that boost the growth of the capnography market in the region.

The key players operating in the global capnography market include BECTON, DICKINSON AND COMPANY, Dragerwerk AG & Co. KGAA, General Electric, Hamilton Bonaduz Ag, Koninklijke Philips N.V. (Philips), MASIMO, Medtronic Plc., Nihon Kohden Corporation, and Smiths Group plc. (Smiths Medical), SLE Ltd.

Key Benefits For Stakeholders

  • The study provides an in-depth analysis of the market along with current trends and future estimations to elucidate the imminent investment pockets.

  • It offers a quantitative analysis from 2019 to 2027, which is expected to enable stakeholders to capitalize on prevailing market opportunities.

  • The key market players and their strategies have been analyzed to understand the competitive outlook of the market.

Capnography Market Report Highlights

Aspects Details
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By PRODUCT
  • Capnographs
    • Mainstream Capnographs
    • Sidestream Capnographs
    • Microstream Capnographs
  • Capnography Disposables
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By APPLICATION
  • Procedural Sedation
  • Pain Management
  • Emergency Medicine
  • Critical Care
  • General Floor
  • Others
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By END USER
  • Hospitals
  • Ambulatory surgical centers
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By Region
  • North America  (U.S, Canada, Mexico)
  • Europe  (Germany, France, UK, Italy, Spain, Rest of Europe)
  • Asia-Pacific  (Japan, China, India, Australia, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Brazil, South Africa, Saudi Arabia, Rest of LAMEA)
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Key Market Players

DRAGERWERK AG & CO. KGAA, MASIMO, SMITHS GROUP PLC. (SMITHS MEDICAL), SLE LTD, NIHON KOHDEN CORPORATION, HAMILTON BONADUZ AG, KONINKLIJKE PHILIPS N.V. (PHILIPS), GENERAL ELECTRIC, BECTON, DICKINSON AND COMPANY, MEDTRONIC PLC

Analyst Review

This section provides various opinions of the top-level CXOs in the global capnography industry. 

According to the CXOs, utilization of these devices is expected to witness significant growth, owing to increase in cases of diseases such as asthma and diabetes across the globe. The global capnography market has provoked interest of healthcare providers, owing to the associated benefits offered by these devices for monitoring patient health at the time of surgeries and ventilation monitoring. There are remarkable technological advancements in capnography monitoring devices to improve screening of severe chronic obstructive pulmonary diseases (COPDs). Asia-Pacific and LAMEA are expected to offer lucrative growth opportunities to the key players in the industry.

Rise in incidences of congestive heart failure, lung diseases, growth in aging population, technological advancements, and increase in emphasis on monitoring of COPD patients are some of the factors that majorly drive the market growth. 

However, high cost of few capnography monitoring devices and stringent regulatory procedures affect the market growth. Presently, the product segment is the largest revenue contributor to the capnography market. According to CXOs, extensive number of complex surgeries across the globe is anticipated to drive the growth of the market. Capnography devices are rampantly being used in operating rooms that help in monitoring ventilation during sedation. Furthermore, growth in number of surgical processes globally are expected to further boost the adoption and demand for capnography devices that attribute toward the market growth. Moreover, extensive benefit of capnography devices such as portability, ease of use, light weight, and treatment efficiency are further expected to bolster growth of the global capnography market. In addition, capnography device manufacturers and distributors focus to expand their presence in emerging economies to increase their market outreach. A rapid growth was observed in shipments of these devices by key manufacturers to improve obstetrics healthcare services in emerging nations. This trend is expected to offset the challenging conditions in mature markets such as North America and Europe.

Author Name(s) : Ravi Telugunta| Apoorva Srivastava | Roshan Deshmukh
Frequently Asked Questions?

The total market value of Capnography market is $393.93 million in 2019.

The forcast period for Capnography market is 2020 to 2027

The market value of Capnography market in 2027 is $ 1,003.69 million.

The base year is 2019 in Capnography market

Top companies such as,MASIMO, Medtronic Plc, Koninklijke Philips N.V. (Philips), Nihon Kohden Corporation, and Smiths Group plc. (Smiths Medical) held a high market position in 2019. These key players held a high market postion owing to the strong geographical foothold in different regions.

In product type segment capnographs is the most influencing segment. Hence, capnography is a widely used method for end tidal carbon dioxide monitoring (ETCO2). It provides detailed information on respiratory pattern, carbon dioxide production, alveolar ventilation, and pulmonary perfusion. It also helps to eliminate carbon dioxide from breathing circuit and ventilator.

The major factor that fuels the growth of the global Capnography market includes rise in prevalence of respiratory and cardiac diseases,rise in geriatric population, and others. furthermore, capnography devices are especially helpful for patients who suffer from chronic obstructive pulmonary disease (COPD) and asthma capnography devices are used for various applications, including emergency medicine, critical care, procedural sedation, and pain management. This leads to surge in demand for capnography devices which contribute to the growth of the market.

Asia-Pacific has the highest growth rate in the market which is growing due to the contribution of the emerging countries. This is due to improvement in health awareness, development in healthcare infrastructure, and rise in number of hospitals & ambulatory surgical centers equipped with advanced medical facilities.

Capnography is a medical tool that measures concentration or partial pressure of excised or current carbon dioxide in the respiratory gases.

Capnography helps to diagnose causes of respiratory distress, provide feedback on treatment effects in real time, and detect shocks.

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Capnography Market

Global Opportunity Analysis and Industry Forecast, 2020-2027