Capnography Market Size by Product (Hand-held, Standalone, Multi-Parameter), Technology (Main Stream, Side Stream, Micro Stream), Application (Emergency Medicine, Pain Management, Procedural Sedation, Critical Care), End-Uuser (Hospitals, Ambulatory Care Centers), & Region for 2024-2031

Capnography Market Valuation – 2024-2031

The increase in prevalence of respiratory illnesses, as well as the growing demand for improved respiratory monitoring systems to better patient outcomes, are significant drivers of the global capnography device market. The increasing use of capnography devices in emergency medicine, critical care, and procedural sedation applications is driving market growth. According to the analyst from Market Research, the capnography market is estimated to reach a valuation of USD 2165.29 Million by 2031 over the forecast subjugating around USD 698.07 Million in 2024.

The increasing emphasis on patient safety and the necessity for early detection of respiratory issues are driving up demand for capnography equipment within the healthcare industry. It enables the market to grow at a CAGR of 15.20% from 2024 to 2031.

Capnography MarketDefinition/ Overview

Capnography is the continuous measurement and graphic display of the partial pressure or concentration of carbon dioxide (CO2) in exhaled air. The basic purpose of capnography is to monitor ventilation and respiratory function. It gives important information regarding a patient’s respiratory state, such as the effectiveness of ventilation, the existence of airway blockages, and the efficiency of gas exchange.  Capnography is a common technique used in anesthesia, critical care, and emergency medicine to detect respiratory distress, confirm endotracheal tube placement, and guide ventilator control.

What are the Key Drivers Shaping the Growth Trajectory of the Capnography Market?

The increase in prevalence of respiratory illnesses is a major driver in the capnography market. According to the World Health Organization (WHO), Chronic Obstructive Pulmonary Disease (COPD) is the third greatest cause of death worldwide, accounting for 3.23 million deaths in 2019. Due to the increasing prevalence of respiratory disorders, capnography is used to monitor and manage patient conditions.

Capnography devices are in high demand due to the increasing number of surgical procedures performed worldwide. According to the Lancet Commission on Global Surgery, 313 million surgical procedures were performed globally in 2012, with the figure expected to rise to 420 million by 2030. Capnography is critical for monitoring a patient’s respiratory state during and after surgery, making it a valuable tool in this emerging profession.

Furthermore, the rise of emergency medical services is driving the capnography market. The National Emergency Medical Services Information System (NEMSIS) in the United States reported roughly 27.5 million EMS activations in 2019. Capnography is increasingly being used in emergencies to swiftly and correctly monitor patient respiratory status, resulting in market growth.

How Do Cost Constraints Restrain the Growth of the Capnography Market?

Cost restrictions and financial concerns are important limits for the capnography market. Healthcare facilities and providers suffer budget constraints, which limit their ability to invest in advanced monitoring tools such as capnography. The cost of procuring, integrating, and maintaining these devices is an important consideration, particularly for smaller clinics or resource-constrained environments. Reimbursement problems exacerbate the financial burden, delaying market expansion and acceptance.

Furthermore, the limited awareness and adoption of capnography monitoring in emerging regions is a major impediment to the capnography market. In many underdeveloped countries, healthcare personnel are not completely knowledgeable about the benefits of capnography or have limited access to training and education on its effective application. This lack of awareness and adoption limits the market’s growth potential, especially in areas with growing populations and rising respiratory disease rates.

Category-Wise Acumens

What Factors Contribute to the Dominance of the Handheld Capnography Devices?

According to Analysis, the handheld segment is estimated to hold the largest market share during the forecast period. Handheld capnography devices are highly portable, allowing healthcare personnel to carry and use them throughout a variety of operations. The portable segment’s dominance is driven by its increased mobility and accessibility, which allows for seamless respiratory monitoring in a variety of clinical situations.

Handheld capnography devices help to maintain the needed oxygen saturation levels during surgical procedures. This capacity is a crucial advantage that helps to drive market acceptance of handheld capnography devices.

Furthermore, handheld capnography devices are popular for their durability and lower cost when compared to other product kinds. These characteristics make them a popular choice among healthcare practitioners, reinforcing the portable segment’s dominance in the capnography market.

What Does the Growing Role in Emergency Settings Drive the Capnography Devices for Emergency Medicine Requirements?

The emergency medicine segment is estimated to dominate the capnography market during the forecast period. The increasing use of capnography devices in emergency medicine is a primary reason for this segment’s domination. Capnography is becoming more acknowledged as an effective method for monitoring respiratory status, detecting life-threatening events such as airway blockage, and providing early warning of deteriorating patient circumstances in emergency settings. This has resulted in increased spending on capnography equipment in emergency medicine.

The increasing number of respiratory emergencies, such as asthma attacks, COPD exacerbations, and respiratory failure, is driving up demand for capnography monitoring in emergency departments. Capnography allows clinicians to swiftly measure ventilation and detect respiratory distress, resulting in earlier intervention and better patient outcomes. The increasing prevalence of respiratory disorders is a major factor driving the use of capnography in emergency care.

Furthermore, technological improvements that result in more accurate, portable, and user-friendly capnography devices are making them more appropriate for use in emergencies. The development of compact, handheld capnography monitors enables convenient transport and usage in ambulances, emergency rooms, and other acute care settings. Modern capnography equipment is becoming more popular in emergency medicine due to its increased portability and ease of use.

Gain Access into Capnography Market Report Methodology

Country/Region-wise Acumens

What are the Primary Drivers Behind North America’s Prominent Position in the Capnography Market?

According to Analyst, North America is estimated to dominate the capnography market during the forecast period. North America, particularly the United States, has a high incidence of respiratory disorders, which drives demand for capnography equipment. The Centers for Disease Control and Prevention (CDC) reported that in 2019, 20.7 million adults in the United States had asthma, accounting for 8.0% of the adult population. Also, 16.5 million persons have been diagnosed with COPD. This high prevalence of respiratory conditions necessitates advanced monitoring technologies like capnography.

The increased volume of surgical procedures in North America increases the demand for capnography equipment. The American Society of Anesthesiologists states that around 40 million anesthetics are provided in the United States each year. Capnography is commonly utilized during these procedures to monitor the patient’s respiratory condition, making it an indispensable tool in surgical settings.

Furthermore, North America’s advanced healthcare system and fast adoption of medical technologies propel the capnography market. The Centers for Medicare and Medicaid Services estimate that healthcare spending in the United States exceeded $4.1 trillion in 2020, or $12,530 per person. This high healthcare spending promotes the use of advanced monitoring technology such as capnography in a variety of healthcare settings.

What are the Key Factors Influencing the Demand in the Asia Pacific’s Capnography Market?

The Asia Pacific region is estimated to exhibit the highest growth during the forecast period. The Asia Pacific region is experiencing a considerable increase in respiratory disorders, which is pushing up demand for capnography equipment. According to the Global Burden of Disease Study 2019, chronic respiratory disorders harmed more than 545 million people in Southeast and East Asia combined. Because of their high prevalence, these disorders must be managed effectively using modern monitoring technologies such as capnography.

The Asia-Pacific region is experiencing significant growth in healthcare infrastructure, which is increasing the adoption of innovative medical technology such as capnography. According to the World Health Organization, health expenditure as a proportion of GDP in the Western Pacific Region (which includes much of Asia) rose from 6.4% in 2000 to 7.4% in 2018. This rising healthcare spending enables the adoption of capnography devices in many medical settings.

Furthermore, the growing number of surgical procedures in the Asia-Pacific region is pushing up demand for capnography devices. A study published in the Lancet predicts that the number of surgical procedures in East Asia is projected from 94.2 million in 2012 to 187.2 million by 2030, a 98.7% increase. This substantial growth in surgical procedures necessitates the use of capnography for patient monitoring during and after operations.

Competitive Landscape

The capnography market is very competitive, with several main firms competing for market share. These organizations are committed to fostering innovation and technology breakthroughs to address the growing demand for improved respiratory monitoring products.

Some of the prominent players operating in the capnography market include

• Becton, Dickinson and Company (BD)
• Drägerwerk AG & Co. KGaA
• Masimo Corporation
• Medtronic plc
• Koninklijke Philips N.V.
• Nihon Kohden Corporation
• ZOLL Medical Corporation
• Mindray Medical

Latest Developments

• In September 2023, Philips announced the availability of a new capnography module for its IntelliVue patient monitoring platform. The module seamlessly integrates advanced capnography monitoring into Philips’ entire patient care solutions, thereby improving respiratory assessment and management.

Report Scope

Capnography Market, By Category

Product

• Hand-held
• Standalone
• Multi-Parameter

Technology

• Main Stream
• Side Stream
• Micro Stream

Application

• Emergency Medicine
• Pain Management
• Procedural Sedation
• Critical Care
• Others

End-User

• Hospitals
• Ambulatory Care Centers
• Others

Region

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• 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 an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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