Capnography Equipment Market Size By Product (Standalone, Multi-Parameter), By Technology (Side Stream, Micro Stream), By Application (Procedural Sedation, Critical Care), By End-User (Hospitals, Ambulatory Care Centers), By Geographic Scope And Forecast
Report ID: 254806|No. of Pages: 202
Capnography Equipment Market Size By Product (Standalone, Multi-Parameter), By Technology (Side Stream, Micro Stream), By Application (Procedural Sedation, Critical Care), By End-User (Hospitals, Ambulatory Care Centers), By Geographic Scope And Forecast
Capnography Equipment Market Size And Forecast
Capnography Equipment Market size was valued at USD 698.07 Million in 2023 and is projected to reach USD 2165.29 Million by 2031 growing at a CAGR of 15.20% from 2024 to 2031.
- Capnography equipment detects the concentration of carbon dioxide (CO2) in exhaled breath, which provides critical information regarding a patient’s respiratory health. It usually consists of a sensor coupled to a monitor that shows CO2 levels. This equipment is vital in many hospital settings, including emergency rooms and operating rooms.
- In clinical practice, capnography is used to monitor ventilation during anesthesia, sedation and respiratory distress. It assists clinicians in identifying potential issues, such as hypoventilation or airway blockage, by monitoring CO2 levels in real time. The ability to provide rapid feedback improves patient safety and enables timely interventions when needed.
- Moving forward, developments in capnography equipment are likely to improve portability and integration with other monitoring systems. New technology, such handheld gadgets and wireless capabilities, will improve usability in diverse settings. The future may also see enhanced algorithms for interpreting CO2 data, providing deeper insights into patient respiratory health and potentially guiding treatment decisions.
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Global Capnography Equipment Market Dynamics
The key market dynamics that are shaping the global capnography equipment market include:
Key Market Drivers:
- Increasing Prevalence of Respiratory Diseases: The increasing prevalence of respiratory disorders, such as chronic obstructive pulmonary disease (COPD), asthma and pneumonia, is boosting demand for capnography equipment. According to the World Health Organization (WHO), COPD caused 3.23 million deaths worldwide in 2019, emphasizing the critical need for improved monitoring technologies.
- Growing Adoption of Capnography in Emergency Medicine: Capnography is becoming more widely used in emergency medicine, particularly to monitor patients’ respiratory state. The American Heart Association advises capnography to confirm that the endotracheal tube is properly placed during CPR. Research found that its use in pre-hospital situations grew from 29% in 2010 to 48% in 2017.
- Technical Developments in Capnography Devices: Capnography equipment innovations, such as portable and wireless devices, are propelling the market forward. Global Medical Devices market, which encompasses capnography equipment, is expected to grow at a CAGR of 5.4% from 2021 to 2028, fueled by technological advancements and increasing healthcare expenditures worldwide.
Key Challenges:
- Limited Accessibility in Rural Locations: Capnography equipment may be unavailable in rural or underdeveloped areas, restricting access to critical respiratory monitoring. This difference might result in delayed diagnoses and insufficient treatment for respiratory disorders, compromising patient outcomes and increasing existing health disparities.
- High Cost of Modern Equipment: The cost of advanced capnography devices might be prohibitively expensive for healthcare facilities, especially smaller hospitals or clinics with limited finances. This financial strain may impede the adoption of current technologies, reducing the quality of patient care and monitoring skills.
- Training And Awareness Deficits: Proper use of capnography devices necessitates training and expertise among healthcare personnel. Inadequate training can lead to misuse or underutilization of the technology, which results in wasted opportunities for effective patient monitoring and management of respiratory conditions.
- Regulatory Hurdles and Compliance Issues: The capnography equipment market faces regulatory challenges, including stringent approval processes and compliance requirements. These hurdles can slow down the introduction of innovative technologies and increase costs for manufacturers, potentially limiting the availability of advanced monitoring solutions for healthcare providers.
Key Trends:
- Integration Of Capnography with Other Monitoring Systems: Capnography is increasingly being integrated with multi-parameter monitoring systems. This connection improves the ability to follow respiratory status alongside other vital signs, offering a more complete picture of patient health and allowing for faster clinical decision-making in critical situations.
- Growing Demand for Home Healthcare: Growing demand for home healthcare monitoring solutions is resulting in a trend toward portable and user-friendly capnography devices. These developments enable patients with chronic respiratory disorders to monitor their condition from home, decreasing hospital visits and supporting proactive health care.
- Focus On Telemedicine and Remote Monitoring: The growth of telemedicine services has resulted in a trend toward remote capnography monitoring. Healthcare providers can now monitor patients’ respiratory health from a distance improving access to care and allowing for timely interventions while reducing the burden on healthcare facilities.
- Emphasis On Patient-Centered Care: There is a growing emphasis on patient-centered approaches in healthcare, including the use of capnography. This trend prioritizes individual patient needs and preferences, encouraging healthcare providers to utilize capnography for tailored treatment plans and improving overall patient engagement in their respiratory health management.
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Global Capnography Equipment Market Regional Analysis
Here is a more detailed regional analysis of the global capnography equipment market:
North America:
- According to Verified Market Research, North America is expected to dominate the global capnography equipment market.
- The high prevalence of respiratory disorders in North America greatly increases demand for capnography equipment. The American Lung Association claimed that over 16.4 million adults in the United States have been diagnosed with chronic obstructive pulmonary disease (COPD), while the CDC reported that 25.1 million Americans have asthma in 2019. These troubling results highlight the critical need for appropriate monitoring and management technologies, such as capnography devices, to improve patient outcomes.
- North America’s strong healthcare infrastructure and significant healthcare spending assist the adoption of breakthrough medical technologies. According to the Centers for Medicare and Medicaid Services, U.S. healthcare spending will total USD 4.1 Trillion in 2020, accounting for 19.7% of GDP. This financial commitment allows healthcare facilities to invest in sophisticated monitoring equipment, resulting in better patient outcomes.
Asia Pacific:
- According to Verified Market Research, Asia Pacific is fastest growing region in global capnography equipment market.
- The Asia-Pacific area is experiencing a tremendous growth in respiratory disorders, pushing up demand for capnography equipment. According to the Global Asthma Network’s Global Asthma Report 2018, this region is home to over 60% of the world’s asthma patients, or approximately 260 million cases. Furthermore, the World Health Organization (WHO) reported nearly 1.9 million deaths from chronic obstructive pulmonary disease (COPD) in the Western Pacific region in 2016, emphasizing the critical need for adequate respiratory monitoring systems.
- Concurrently, many Asia-Pacific countries are improving their healthcare infrastructure and boosting healthcare spending, allowing the adoption of modern technology such as capnography. The World Bank said that health spending in East Asia and the Pacific grew from 6.4% of GDP in 2010 to 7.1% in 2018, with China’s healthcare spending also increasing significantly during this period.
Global Capnography Equipment Market: Segmentation Analysis
The Global Capnography Equipment Market is segmented based Product, Technology, Application, End-User and Geography.
Capnography Equipment Market, By Product
- Hand-held
- Standalone
- Multi-Parameter
Based on Product, the Global Capnography Equipment Market is separated into Hand-held, Standalone, Multi-Parameter. The global capnography equipment market is led by multi-parameter instruments. These systems integrate capnography with other vital sign monitoring technologies to provide full patient assessments. Their versatility and capacity to deliver real-time data in crucial situations make them popular in hospitals and emergency settings, resulting in a large market share advantage over hand-held and independent devices.
Capnography Equipment Market, By Technology
- Main Stream
- Side Stream
- Micro Stream
Based on Technology, the Global Capnography Equipment Market is separated into Main Stream, Side Stream, Micro Stream. The main stream technique currently dominates the worldwide capnography equipment market due to its precision and dependability in monitoring carbon dioxide levels directly from the airway. This technology is commonly utilized in critical care and anesthesia to provide real-time monitoring capabilities. Its effectiveness and established presence in hospitals help it maintain its market leadership.
Capnography Equipment Market, By Application
- Emergency Medicine
- Pain Management
- Procedural Sedation
- Critical Care
Based on Application, Global Capnography Equipment Market is divided into Emergency Medicine, Pain Management, Procedural Sedation, and Critical Care. Emergency medicine is the most important application sector in the global capnography equipment market. Capnography devices are in high demand due to their vital function in monitoring patients’ respiratory state during emergencies like cardiac resuscitation and airway management. The need for real-time data in life-threatening situations highlights the value of capnography in emergency medical settings.
Capnography Equipment Market, By End-User
- Hospitals
- Ambulatory Care Centers
Based on End-User, Global Capnography Equipment Market is divided into Hospitals, Ambulatory Care Centers. Hospitals lead the worldwide capnography equipment market because they are widely used in critical care settings, surgical procedures and emergency departments. The need for continuous monitoring of respiratory status in patients receiving anesthesia or in respiratory distress creates a substantial demand for capnography in hospitals. Ambulatory care centers are rising, but they still have a smaller market share than hospitals.
Capnography Equipment Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the World
Based on the Geography, the Global Capnography Equipment Market divided into North America, Europe, Asia Pacific and Rest of the World. North America currently dominates the capnography equipment market, owing to improved healthcare infrastructure and widespread adoption of monitoring technology. In contrast, the Asia-Pacific region is the fastest-growing market, driven by increasing healthcare investment, rising respiratory disease prevalence and increasing access to healthcare services.
Key Players
The Global Capnography Equipment Market study report will provide valuable insight with an emphasis on the global market. The major players in the market are Smiths Medical (acquired by ICU Medical, Inc.), Dragerwerk AG & Co. KGaA, Baxter, Masimo, Koninklijke Philips N.V., Medtronic, Nonin, NIHON KOHDEN CORPORATION, BD, Diamedica (UK) Limited, EDAN Instruments, Inc.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.
Global Capnography Equipment Market Recent Developments
- In January 2023, Koninklijke Philips N.V. and Masimo expanded their relationship to improve global telehealth. They want to improve healthcare experiences for both patients and physicians by using innovative technologies and solutions. This alliance aims to develop remote patient monitoring and telehealth services on a worldwide scale.
- In January 2022, ICU Medical Inc. bought Smiths Medical from Smiths Group plc bringing with it a diverse product line that includes syringes, vascular access, ambulatory infusion devices and critical care solutions.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2020-2030 |
| Base Year | 2023 |
| Forecast Period | 2024-2030 |
| Historical Period | 2020-2022 |
| Unit | Value (USD Million) |
| Key Companies Profiled | Smiths Medical (acquired by ICU Medical, Inc.), Dragerwerk AG & Co. KGaA, Baxter, Masimo, Koninklijke Philips N.V., Medtronic, Nonin, NIHON KOHDEN CORPORATION, BD, Diamedica (UK) Limited, EDAN Instruments, Inc. |
| Segments Covered | By Product, By Technology, By Application, By End-User and By Geography. |
| Customization Scope | Free report customization (equivalent to up to 4 analysts’ working days) with purchase. Addition or alteration to country, regional & segment scope. |
Research Methodology of Verified Market Research:
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
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• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
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Frequently Asked Questions
1 INTRODUCTION OF GLOBAL CAPNOGRAPHY EQUIPMENT MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL CAPNOGRAPHY EQUIPMENT MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 GLOBAL CAPNOGRAPHY EQUIPMENT MARKET, BY PRODUCT
5.1 Overview
5.2 Hand-held
5.3 Stand-alone
5.4 Multi-parameter
6 GLOBAL CAPNOGRAPHY EQUIPMENT MARKET, BY TECHNOLOGY
6.1 Overview
6.2 Mainstream
6.3 Sidestream
6.4 Microstream
7 GLOBAL CAPNOGRAPHY EQUIPMENT MARKET, BY APPLICATION
7.1 Overview
7.2 Emergency Medicine
7.3 Pain Management
7.4 Procedural Sedation
7.5 Critical Care
8 GLOBAL CAPNOGRAPHY EQUIPMENT MARKET, BY END-USE
8.1 Overview
8.2 Hospitals
8.3 Ambulatory Care
9 GLOBAL CAPNOGRAPHY EQUIPMENT MARKET, BY GEOGRAPHY
9.1 Overview
9.2 North America
9.2.1 U.S.
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 U.K.
9.3.3 France
9.3.4 Rest of Europe
9.4 Asia Pacific
9.4.1 China
9.4.2 Japan
9.4.3 India
9.4.4 Rest of Asia Pacific
9.5 Rest of the World
9.5.1 Latin America
9.5.2 Middle East and Africa
10 GLOBAL CAPNOGRAPHY EQUIPMENT MARKET COMPETITIVE LANDSCAPE
10.1 Overview
10.2 Company Market Ranking
10.3 Key Development Strategies
11 COMPANY PROFILES
11.1 Masimo
11.1.1 Overview
11.1.2 Financial Performance
11.1.3 Product Outlook
11.1.4 Key Developments
11.2 Smiths Medical
11.2.1 Overview
11.2.2 Financial Performance
11.2.3 Product Outlook
11.2.4 Key Developments
11.3 Dragerwerk AG & Co. KGaA
11.3.1 Overview
11.3.2 Financial Performance
11.3.3 Product Outlook
11.3.4 Key Developments
11.4 Welch Allyn (Hill-Rom Holdings, Inc.)
11.4.1 Overview
11.4.2 Financial Performance
11.4.3 Product Outlook
11.4.4 Key Developments
11.5 Koninklijke Philips N.V.
11.5.1 Overview
11.5.2 Financial Performance
11.5.3 Product Outlook
11.5.4 Key Developments
11.6 Medtronic
11.6.1 Overview
11.6.2 Financial Performance
11.6.3 Product Outlook
11.6.4 Key Developments
11.7 Nonin Medical, Inc.
11.7.1 Overview
11.7.2 Financial Performance
11.7.3 Product Outlook
11.7.4 Key Developments
11.8 Nihon Kohden Corp
11.8.1 Overview
11.8.2 Financial Performance
11.8.3 Product Outlook
11.8.4 Key Developments
11.9 Diamedica (U.K.) Ltd.
11.9.1 Overview
11.9.2 Financial Performance
11.9.3 Product Outlook
11.9.4 Key Developments
11.10 Edan Instruments, Inc
11.10.1 Overview
11.10.2 Financial Performance
11.10.3 Product Outlook
11.10.4 Key Developments
12 Appendix
12.1 Related Research
Report Research Methodology
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This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.
We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:
Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.
For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.
Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.
Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
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| Supplier side |
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Econometrics and data visualization model
Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.
All the research models are customized to the prerequisites shared by the global clients.
The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.
Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
- Regulatory scenario and expected developments
- Current capacity and expected capacity additions up to 2027
We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
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