Capnography Equipment Market, Trends & Analysis - Forecasts To 2025 By Product [Capnometer (Multiparameter, Standalone, Handheld, Conventional), Accessories], By Application (Cardiac Care, Trauma, Emergency Care), By Technology (Mainstream, Sidestream, Microstream) By End Users (Hospitals, Ambulatory Surgery Centers), By Region (North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa); Vendor Landscape, and Company Market Share Analysis & Competitor Analysis - Global Market Estimates
Capnography Equipment Market Insights
The Capnography Equipment Market is expected to grow at a high CAGR during the forecast period. Various factors such as innovations and technical advancements in capnography devices, increased incidence of respiratory diseases, and strong recommendations made by healthcare bodies about the importance of capnography to include the capnography equipment in healthcare facilities are boosting the growth of capnography equipment market across the globe. Growing awareness amongst the people about the benefits of capnography coupled with high per capita expenditure on regular checkups is another factor that has fueled the growth of the market. It is expected that the global capnography market will find the growth opportunity in the emerging economies due to the rising occurrence of asthma and COPD in those regions.
It is anticipated that the presence of affordable substitute such as pulse oximeter can hamper the growth of the market. Another restraint of capnography device market is its high manufacturing and installation cost because of which it becomes a bit expensive for end users.
Capnography Equipment Market: By Product
The capnography market can be segmented based on the product into two segments, i.e. capnometers and accessories. Capnometers can be further subdivided into multiparameter, standalone, handheld, and conventional. It is expected that the accessories segment will register a larger market share during the forecast period. Some of the factors which are driving the growth of market are growing number of critical and complex surgical procedures, recommendations of various healthcare organizations and associations such as European Resuscitation Council, American Society of Anesthesiologists and others for the compulsory use of capnography equipment to enhance patient safety during patient monitoring for anesthesia and the increased adoption of capnography equipment during pre and post-operative monitoring and during the surgical procedures are the factors responsible for the growth of the capnography accessories market.
Capnography Equipment Market: By Applications:
The capnography equipment market can be segmented based on the applications into procedural sedation, critical care, emergency medicine, pain management, general floor, and others. It can be further subdivided into respiratory disease monitoring, cardiac care, and other applications. Emergency care segment and trauma are expected to deliver the highest CAGR during the forecast period. Rising awareness of the benefits offered by the capnography equipment for trauma cases, coupled with a high number of accidents across the regions. Other factors such as rising occurrence of respiratory disease and technological advancement are boosting the market growth.
Capnography Equipment Market: By Technology
The capnography equipment markets can be segmented based on the technology into mainstream and sidestream and micro stream capnography. It is expected that mainstream capnography will register the highest growth during the forecast period. The factors behind this increase in growth rate are increasing a number of surgical procedures, increasing awareness about the benefits of mainstream capnography such as high accuracy rate as compared to the sidestream capnography, and the increased adoption of capnography devices among healthcare professionals. The sidestream capnography segment is expected to is expected to hold the largest market share in terms of revenue.
Capnography Equipment Market: By End Users
The market for capnography equipment market can be segmented based on the end users into ambulatory surgery centers, hospitals, and home care. Hospital segment is amounting to the highest growth rate in the current period and is expected to hold its dominance during the forecast period. One of the factors behind this growth in market share of hospitals is increased awareness of the benefits offered by capnography equipment coupled with increased per capita healthcare expenditure.
Capnography Equipment Market: Regional Insights
North America is expected to dominate the capnography equipment market, with the U.S. contributing its majority share. The region’s dominance can be attributed to the various factors such as the strong presence of device manufacturers in the region, large target of the patient population in the country and presence of healthcare bodies in the region. These are the factors that have resulted in the significant installation of capnography equipment in the North American hospitals and ambulatory surgery centers.
The Asia Pacific market for capnography equipment is projected to grow at significant CAGR over the forecast period. Factors contributing to this growth are a high rate of road accidents creating trauma amongst the people, improved the healthcare infrastructure, the emergence of the new economy and owing to the investments by prominent players and government to improve the healthcare facility has boosted the capnography equipment market in the region
Capnography Equipment Market: End-Use Landscape
The end-use landscape entails a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase surgical retractors over the coming years. Some hospitals and ambulatory surgical centers which are currently using capnography equipment and are likely to use in future are Canadian Agency for Drugs and Technologies in health, American Heart Association, Riverside Healthcare, Fortis and others.
Capnography Equipment Market: Vendor Landscape
The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.
Capnography Equipment Market: Share & Competitor Analysis
Some of the key players operating in the capnography equipment markets are Philips, NIHON KOHDEN, Smiths Group, Medtronic, Masimo Corporation, Hill-Rom Holdings, Nonin Medical, Drägerwerk AG & Co. KGaA, Criticare Technologies, SCHILLER, Infinium Medical, Edan Instruments, Burtons Medical Equipment and Zoe Medical.
Please note: This is not an exhaustive list of companies profiled in the report.
In September 2018, Masimo announced grant of FDA clearance for the rainbow acoustic monitoring RAS-45 Sensor for infrant and neonatal patients.
In November 2017, Masimo won FDA clearance for NomoLine capnography sampling lines.
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The global Capnography Equipment Market has been studied from the year 2016 till 2025. However, the CAGR provided in the report is from the year 2017 to 2025. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Capnography Equipment Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.
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