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Capnography Market Expected to Reach $1,181.55 Million by 2027

 
 

quote The growth of the Global Capnography market is attributed to increase in number of patients suffering from cardiac diseases, respiratory disease, COPD, and rise in aging population are expected to drive the growth of the market. However, the innovation and technological advancements of capnography devices are some of the factors that contribute to the growth of the market quote

Onkar Sumant
Manager, Healthcare at Allied Market Research

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According to a new report published by Allied Market Research, titled, “ Capnography Market by Product Type, Application, End user, and Region: Opportunity Analysis and Industry Forecast, 2020–2027," The global capnography market size 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 the process used to measure and determine concentration of carbon dioxide in respiratory gases by using capnograph devices. It helps to measure actual concentration of carbon dioxide in the bloodstream. Capnographs are used to monitor inhaled and exhaled concentration of carbon dioxide. Growth in pediatric population, increase in number of patients suffering from cardiac diseases, and rise in aging population are expected to drive the growth of the market. The global capnography market is estimated to grow during the forecast period, owing to factors such as innovation, technological advancements, and advancements of capnography devices. In addition, a strong recommendation about capnography was made by healthcare bodies such as the American Society of Anesthesiologists and European Resuscitation Council to include capnography devices in healthcare facilities compulsorily. This fuels growth of the global capnography market.

Technological advancements related to capnography devices also drive growth of the capnography market. Some of these advancements include incorporation of photo detectors and molecular correlation spectroscopy in micro stream capnographs, and the incorporation of miniaturized mainstream multi-gas monitors. Owing to these advancements, capnography devices demonstrate high accuracy and safety levels and have adjustable flow rate, which prevents moisture contamination and facilitates retrieval of large sample volume in comparison to conventional methods.

On the basis of product type, the capnographs segment is estimated to garner largest share during the forecast period. This segment is expected to maintain its dominant position throughout the forecast period. Moreover, innovations in capnography devices have not only made it convenient to use them, but also made them portable and automatic. Furthermore, these advancements help clinical researchers and physicians in investigational studies for inclusion of capnography devices in clinical applications, such as home respiratory monitoring of adversely compromised pulmonary patients. All these factors are expected to propel growth of the capnography devices market during the forecast period.

Capnography devices are used for various applications, including procedural sedation, pain management, emergency medicine, critical care, general floor. Among these, emergency medicine accounted for 97.33% share in the capnography devices market in 2019, in terms of revenue. In addition, rising application surgical procedures, such as hypoventilation, endotracheal tube placement, and esophageal intubation is anticipated to further drive the growth.

On the basis of end user, the hospital segment is estimated to garner largest share in 2019. It is expected to maintain its dominant position throughout the analysis period. Rise in number of patients diagnosed with respiratory diseases, increase in government initiatives, and technological upgradation in capnography devices are also anticipated to boost the market growth. In addition, more than 5 million patients are admitted annually in the U.S. ICUs for intensive or invasive monitoring support of airway, breathing, circulation, and stabilization of acute or life-threatening medical problems, comprehensive management of injury, or illness.

Furthermore, increased focus of market leaders in R&D for development of new generation capnography tools is expected to create lucrative growth opportunities for the global capnography market. For instance, Oridion’s Micro stream technology, which minimizes dispersion of gases in a sampling tube, created a revolution in the global capnography market. 

In 2019, North America held the largest capnography market share in terms of revenue. Rise in prevalence of respiratory diseases as a consequence of unhealthy lifestyles and high stress levels are the high impact rendering drivers. Furthermore, incorporation of new reimbursement models for respiratory and monitoring solution procedures and stringent regulatory guidelines aimed toward medical efficacy, patient’s safety, and clinical efficiency are expected to drive the regional demand during the forecast period.

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. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key Findings Of The Study 

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

  • Comprehensive analysis of factors that drive and restrict the capnography market growth is provided.

  • By product type, the capnographs segment is anticipated to grow at a CAGR of 14.1% from 2020 to 2027.

  • Extensive analysis of key segments of the capnography industry help to understand the types of products and technologies used across various geographies.

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quote Capnography Market By Product Type (Capnographs (Mainstream Capnographs, Sidestream Capnographs, Microstream Capnographs) and Capnography Disposables) Application (Procedural Sedation, Pain Management, Emergency Medicine, Critical Care, General Floor, and Others), and End Use (Hospitals and Ambulatory Surgical Centers): Global Opportunity Analysis and Industry Forecast, 2020–2027 quote

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