Capnography Market

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.

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).

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.

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.

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.

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