Capnography Equipment Market

Capnography Equipment Market Outlook (2022 to 2032)

Global demand for capnography equipment is projected to grow at a CAGR of 4.4% and is estimated to reach a market value of USD 536.35 Million by 2032 growing from USD 334 Million in 2021.

The global prevalence of respiratory disorders and diseases related to respiratory systems in the human body requires a continuous supply of external breathing aids with constant monitoring.

The market is supported by:

• The rise in respiratory diseases and ailments
• A growing number of healthcare facilities in emerging economies
• Supportive government initiatives across various countries
• Ongoing diversification in product portfolios
• An increasing number of cardiac and cardiopulmonary surgeries
• Outstanding customer and employee experience
• Revenue, profit growth, and business model innovation

Demand for capnography equipment is expected to positively drive the market over the forecast period owing to the focus on extensive Research and Development by manufacturers to support the healthcare sector with prominent offerings like technological advancements in the development of portable capnography monitors.

Factors like the prevalence of respiratory diseases and supportive government initiatives are anticipated to add to the overall market growth.

Attributes	Details
Capnography Equipment Market CAGR (2022 to 2032)	4.4%
Capnography Equipment Market (2027)	USD 436 Million
Capnography Equipment Market Attraction	The emergence of novel viruses having serious impacts on the respiratory systems is expected to be the major driver of capnography equipment in the present world.

North America Takes the Demand for Capnography Equipment to New Highs

According to a 2020 report by the Office of Disease Prevention and Health Promotion, more than 25 million people in the USA are suffering from asthma. In addition to this, the rise in the number of surgical procedures and the popularity of capnography devices among the USA and Canada's physicians and healthcare professionals rendered North America the most significant contributor to the global capnography equipment market among all broad geographical regions.

Strategic initiatives by key players have also fueled market growth. For instance, in April 2021, Masimo announced that Radius PCG™, a portable real-time capnograph with wireless Bluetooth® connectivity, had received FDA 510(k) clearance.

Radius PCG connects with the Root®Patient Monitoring and Connectivity Platform to provide seamless, tetherless mainstream capnography for patients of all ages.

Radius PCG joins the growing family of tetherless Masimo technologies that includes Radius PPG™, which offers Masimo SET®Measure-through Motion and Low Perfusion pulse oximetry, and Radius Tº™, which provides continuous temperature measurements.

Radius PCG requires no routine calibration, with accurate end-tidal carbon dioxide (EtCO2) and respiration rate measurements and continuous EtCO2 waveforms displayed within 15 seconds-all in a small, portable package that can fit in the palm of a hand.

Opportunities for Market Players

Manufacturers are working hard for research and development of innovative offerings to serve a large customer base and that will allow the capnography equipment market to grow.

Hence, manufacturers are adopting strategies such as mergers & acquisitions to expand their global footprint and add disruptive packaging advancements to their product portfolio.

A number of international market participants are entering into acquisitions and mergers and implementing new technology to increase commercial capacity to gain a major revenue share.

For instance, In December 2021, ZOLL Medical Corporation (ZOLL), an Asahi Kasei company, closed its acquisition of Itamar Medical Ltd. (Itamar Medical), an Israeli medical device manufacturer. Itamar Medical will operate as a business division within ZOLL.

Clinical benefits of capnography equipment over traditional pulse oximetry and the development of portable capnography monitors or POC is predicted to be the major drivers of the global capnography equipment market during the forecast years.

The global prevalence of respiratory disorders and diseases related to respiratory systems in the human body requires a continuous supply of external breathing aids with constant monitoring.

For such purposes, monitoring of the exhaled level of carbon dioxide is provided by capnography monitoring devices, making it an integral part of emergency medical services.

With the rise in respiratory diseases and ailments, the global market has been experiencing an increased demand for response capnography monitors.

A growing number of healthcare facilities in emerging economies is expected to further fuel the demand for pulse oximeters with capnography, positively stimulating the capnography equipment market in the region.

How Different Trends are Available in the Global Capnography Equipment Market?

Due to ease of handling and quick availability during the deployment of ventilators or oxygen cylinders in the services provided at homecare setups, portable or POC capnography devices have emerged as the popular choice for various end users of the global capnography equipment market.

What are the Recent Growth Opportunities for the Global Capnography Equipment Market?

Advancements in patient monitoring and a higher rate of respiratory diseases such as pulmonary asthma embolism and chronic obstructive pulmonary diseases (COPD) are anticipated to create more opportunities for the growing use of patient monitor with ETCO2.

The detailed information on respiratory patterns and carbon dioxide concentration provided by such types of capnography monitors is the specialty for which such devices are getting popularity in the healthcare sectors.

What are Some of the Major Challenges faced by the Global Capnography Equipment Market Players in Different Regions?

Stringent regulations and ambiguous guidelines in different parts of the world have some restraining effects on the growth of the capnography medical devices market. The long process of testing and approval for the newly developed technologies is also another reason for the limited growth of the global market.

Variation in standards used in different regions for measuring various units obtained during the use of capnography instruments is the major challenge faced by capnography equipment manufacturers.

What are the Various Limitations in the Adoption of Capnography Equipment faced by its Global Market?

In developing economies, healthcare professionals face the unavailability of sufficient resources to supply the oxygen demand by the patients.

This major constraint has resulted in less awareness about the capnography monitoring equipment used during the process and less growth in these regions.

Necessary upgrading of previously followed medical procedures is expected to stimulate the adoption of patient monitors with capnography. For instance, the American Society of Anesthesiologists (ASA) stated reported in October 2010 for the continual observation of qualitative clinical signs of exhaled carbon dioxide by the patient under the influence of anesthesia.

This change in guidelines has helped in the wider adoption of response capnography monitors by healthcare professionals in the hospitals of the USA.

How is the Growth Outlook for the Organ Preservation Market?

Despite the essentiality of capnography monitors for the proper running of capnography equipment, capnography accessories were the major products contributing to the larger share of the global market revenue.

The mainstream capnography segment is the most popular technology of the monitoring devices due to its easy use in monitoring breathing in intubated patients. This segment accounted for more than two-thirds of the global capnography equipment market in 2020 and 2021.

Sidestream capnography monitor and micro stream capnography technologies also used in capnography equipment were not as popular as per reports of the previous decade's market analysis reports.

Which are the Major Application Areas of Capnography Equipment Constituting its Different Market Segments?

Traditionally capnography equipment is majorly used during surgical procedures for cardiac and respiratory ailments. Until 2021 Cardiac surgeries segment accounted for 40% of the capnography instrument applications.

This segment is expected to contribute significantly to the global capnography devices market in the forthcoming years. The number of cardiac and cardiopulmonary surgeries found around the world has increased significantly, further driving the requirement for portable capnography monitors in the coming days.

With rising outdoor activities, there have also been rising cases of trauma & emergency care in the local hospitals of almost every region.

Who are the Prominent End Users of the Capnography Equipment Driving the Global Market?

As various types of capnography monitors are used only for measuring the carbon dioxide pressure in respiratory gases mostly available in hospital setups, this segment is the largest end-user of the global market.

In 2021, the hospital segment accounted for 82.3% of the market share alone for a patient monitor system.

This segment is projected to reach a valuation of more than USD 360 Million by the end of the year 2027. Rising incidents of chronic respiratory diseases will be the primary reason for its 4.5% CAGR growth during the forecast period.

The other segment of ambulatory surgery centers is gaining popularity these days and promises some better opportunities for the global capnography equipment market in the near future. Personal use of pulse oximeters with capnography devices by individuals has introduced home care as a new emerging end-user for the global market.

What are the Growth Opportunities Available in the Global Capnography Equipment Market?

The rise in the number of surgical procedures and the popularity of capnography devices among the USA and Canada's physicians and healthcare professionals rendered North America the most significant contributor to the global capnography equipment market among all broad geographical regions.

By 2021 this region accounted for more than 50 percent of the revenue generated by the global market and is poised to continue its leading position during the forecast period.

Europe follows North America in adopting portable capnography devices by the healthcare professionals providing medical and personal doctors services. European countries together accounted for one-quarter of the global capnography monitoring equipment market's total revenue.

Contrastingly, the Asia Pacific region holds the most significant potential for growth in the capnography monitors for sale during the forecast period. Asia Pacific countries have experienced a significant rise in healthcare services and institutions after the covid-19 pandemic and other economic regions. Particularly Japan and China in the Asia Pacific region will record the highest growth in rate during the forecast years.

How can the Competitive Landscape Affect the Key Players of the Global Capnography Equipment Market?

Some of the key market players critical players in the capnography equipment market covered by the market analysis report are Koninklijke Philips N.V., Drägerwerk AG & Co.

KGAA., Nihon Kohden Corporation, Zoll Medical (Asahi Kasei Corporation), Edan Instruments, Inc., Hamilton Medical, Masimo Corporation, Monday DS USA, Inc., Nonna Medical, Inc., Schiller, Smiths Medical, Advantech, and BPL Medical Technologies.

Besides manufacturing and selling portable capnography monitors, major players in the market focus on providing customer solutions for better management and patient safety.

Such expansion in services provided by capnography equipment manufacturers has emerged to be the primary strategy adopted to remain competitive in today’s world.

Research & development activities also carried out by the investment of such players are also driving the demand for their products.

Some of the Recent Developments in the Capnography Equipment Market

• ZOLL Medical Corporation, a subsidiary of Asahi Kasei Company, acquired a medical device manufacturer in Israel named Itamar Medical Ltd. (Itamar Medical) in December 2021.
• Masimo Corporation and Philips N.V. signed an agreement in May 2020 to integrate Masimo NomoLine Capnography and O3 Regional Oximetry in some selected Philips patient capnography monitors. Philips Corporation has also planned to integrate Masimo measurement technologies with IntelliVue MX-Series multi-parameter monitors that help assess patients' cerebral oximetry and ventilation status.
• To include Masimo Brain monitoring and chronography technology in capnography monitoring devices, Masimo Corporation entered into a licensing agreement with Dräger AG & Co. In December 2019.
• A Microstream capnography, multi-center study to identify and record a total number of people at high risk of opioid-induced respiratory depression (OIRD) was carried out by Medtronic plc. It announced the preliminary results of this respiratory compromise assessment in February 2019.

Key Segments

By Product Type:

• Multiparameter Capnometers
  • Handheld Capnometers
  • Conventional Capnometers
• Standalone Capnometers
• Handheld Capnometers
• Conventional Capnometers

By Technology:

• Mainstream Capnometers
• Sidestream Capnometers
• Microstream Capnometers

By Application:

• Cardiac Care
• Trauma and Emergency Care
• Respiratory Monitoring
• Other Applications

By End User:

• Hospitals
• Ambulatory Surgery Centres
• Home Care
• Other End Users

By Region:

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East and Africa (MEA)

Frequently Asked Questions

How is the Growth Outlook for the Capnography Equipment Market?

The global capnography equipment market is predicted to register a CAGR of 4.4% during the forecast period.

What was the Capnography Equipment Market Size in 2021?

The global capnography equipment market was valued at USD 334 Million in 2021.

How will the Capnography Equipment Market Perform during the Forecast Period?

The global capnography equipment market is predicted to become a USD 436 Million market by the year 2027.

What is the Estimated Value for the Capnography Equipment during Forecast Years?

The total market value of the capnography equipment market is estimated to reach a value of about USD 436 Million by the end of 2032.

Which is the Major Region for the Global Capnography Equipment Market in terms of Revenue Generation?

North America is the prominent region holding the major share of the global capnography equipment market. It is predicted to remain in the leading position during the forecast period as well.