Global Capnography Device Market By Component (OEM Modules and Others), By Product (Stand-alone, Hand-held, and Multi-parameter), By Technology (Sidestream, Mainstream, and Microstream), By Application (Pain Management, Emergency Medicine, Critical Care, and Others), By End-use (Ambulatory Care, Hospitals, and Others), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2023-2032
- Published date: Jul 2022
- Report ID: 47661
- Number of Pages: 205
- Format:
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Capnography Device Market Overview:
The global capnography device market value was USD 495.2 million in 2021. A CAGR of 9.2% is expected between 2023-2032.
Market growth is expected to be boosted by technological advances, respiratory diseases, and supportive government initiatives over the forecast period. Due to its reliability and efficiency, capnography will be more widely used in the treatment of respiratory illnesses. It is also expected to increase the efficiency of medical monitoring. According to the report by the Office of Disease Prevention and Health Promotion, asthma affects more than 25,000,000 people in the United States. Medtronic was one of the market leaders during the COVID-19 epidemic. This led to a spike in demand for capnography and other respiratory-related products.
Global Capnography Device Market Scope:
Component Analysis
Market segments are based on component types. OEM modules and others. Other components include filters and sampling lines. The maximum revenue share for this segment was more than 56.4% in 2021. Other components of capnography equipment include sensors & adapters, anesthetic breath circuits, anesthetic respirators, cuvettes, and cannulas. The sampling line is a key component since the accuracy of end-tidal CO2 measurements and quality waveforms are heavily dependent on it. From 2023 to 2032, the OEM modules segment is expected to experience the highest CAGR.
OEM modules’ principal function is noninvasive patient monitoring. Their adoption is fueled by this. OEM modules are also sold directly to end users who employ distributors to replace particular parts of a capnography system. This is a substantial portion. Some businesses choose to either outsource or allow third-party designers to produce OEM modules under the exact same brand name in order to satisfy the growing market demand and reduce expenses. As a result, market share has grown and total growth has accelerated. Additional categories for this segment include sources, infrared, and others.
Product Analysis
According to the product, the market can be segmented into stand-alone and handheld products. Handheld products accounted for over 59.4% of the total revenue in 2021. This was due to the increasing use of handheld capnography. The benefits include easy portability, oxygen saturation levels that are required for operative procedures, long durability, and low associated cost. Hand-held Devices are now equipped with sidestream technology, an audible alarm, and a visual alarm. Hand-held Devices offer many advantages that will encourage people to prefer these instruments.
Multi-parameter products are predicted to experience the fastest CAGR over the forecast period. Multi-parameter products are expected to grow due to their growing use in emergency medicine, and procedural sedation. In capnography, advances in sensor miniaturization and the incorporation of multisensory in one device to allow simultaneous monitoring and analysis of multiple gases have allowed for faster sample collection and longer-term deployment. These factors are expected to drive demand for multiparameter instruments over the forecast period.
Technology Analysis
Technology has divided the global market into three streams: the mainstream technology segment, the side stream technology segment, and the micro stream technologies segment. With a revenue share greater than 52.2%, the side stream segment of the global market accounted for the highest revenue share in 2021. The widespread use of sidestream technology for anesthesia monitoring explains this high growth. There are many advantages to sidestream technology-enabled medical Devices. There are many benefits, including ease of connection and fewer complications in sterilization.
This Device can also monitor substances that have not been incubated with the help of nasal adapters. Micro stream technology will experience the fastest growth over the forecast period, due to increased penetration of these products and technological advances in this field. Additionally, micro stream technology can be used for both intubated and non-intubated patients as well as patients of all ages.
End-Use Analysis
According to end-user, the market is divided into Ambulatory Care Centers, Hospitals, and Others. With a revenue share greater than 57.8%, hospitals accounted for the largest portion of the global market’s total in 2021. This product is used to prevent critical events in ICUs. Because of their ease-of-use, minimally invasive nature, enhanced capabilities to calculate patient ventilators measurements, and high adoption in hospital settings, capnography procedures are highly regarded. The industry is projected to see an upward trend during the forecast period.
This is due to rising rates of cardiac arrest. In turn, this will increase the need for effective patient monitoring. Additionally, organizations such as the American Society of Anesthesiologists (ASA) and the Uruguayan Society of Anesthesiologists (URSA) recommend that capnography monitoring be used during anesthesia & procedural sedation. These guidelines strong support the use of capnography Devices in hospitals. Additionally, the U.S. healthcare system has a significant influence on the global health industry which has aided the segment’s growth.
Application Analysis
In 2021, emergency medicine applications accounted for more than 23.2% of the revenue share. There are many uses for capnography Devices, including emergency medicine, pain control, procedural sedation, critical care, and others. Capnography can be used in emergency medicine for prehospital ventilation, pediatric emergencies, and prognostication of pulmonary blood flow.
Capnography is being increasingly sought after because of the American Heart Association’s (AHA) guidelines and recommendations for including capnography in emergency medicine in order to increase survival rates. This device is used for procedural sedation in dentistry, and it is predicted to grow at a substantial CAGR over the forecast period. It is non-invasive and can be used for continuous measurements, real-time measurements, and continuous monitoring. Capnography can be used to evaluate the patient’s current metabolic and circulatory status. These benefits will increase adoption and provide growth for the overall market in the future.
Key Market Segments:
Component
- OEM Modules
- Infrared Sources
- Others
- Others
Product
- Stand-alone
- Hand-held
- Multi-parameter
Technology
- Sidestream
- Mainstream
- Microstream
Application
- Pain Management
- Emergency Medicine
- Critical Care
- Procedural Sedation
- Others
End-Use
- Ambulatory Care
- Hospitals
- Others
Market Dynamics:
This was due to the capnography Device falling under the non-invasive remote monitor device category and being able to be used for patient monitoring during treatment of COVID-19. According to the U.S. FDA guidelines. This helped to boost the market’s growth during the pandemic. Capnography is used to monitor patients in emergency rooms when they are receiving pain medication, oxygen, or sedated. If a patient has an artificial airway, it is also used to monitor them. COVID-19 flooded hospitals with infected patients and canceled elective surgery cases. Anesthesiologists, registered nurse anesthetists, and other certified registered nurses were moved to intensive care units.
These experts carried out capnography research in these units, and then implemented the technology to support better patient outcomes. The market growth has been boosted by the pandemic. Remote respiratory monitoring equipment sales increased as a result of the increased demand. In the operating room, pulse oximetry combined with capnography is the preferred monitoring method. This combination is being increasingly used in many in-patient situations. It includes moderate sedation as well as patient-controlled analgesia. Additionally, capnography has been adopted as the standard of care in hospitals to confirm endotracheal Intubation.
Capnography devices can be used for respiratory monitoring because of their cost-effectiveness and non-invasive nature. The market is seeing positive changes due to the increasing number of geriatric population and lifestyle shifts. The technological advances have allowed for the creation of portable, effective, and automatic capnography Devices. Strategic initiatives by key players also have fueled the market growth. Masimo announced that its Radius PCG, which is a portable capnograph, has been approved by FDA 510(k). The Bluetooth wireless connectivity is available on the device. Capsule Technologies’ innovative connected capnography-monitoring technology obtained FDA certification in September 2020. This approval allowed the company to expand its product line.
Regional Analysis:
North America was the market with the highest revenue share, 42.8% in the global market in 2021. The market is driven by the increasing prevalence of respiratory disease as a result of poor lifestyles and high levels of stress. In the coming years, product demand will be driven by the adoption of new reimbursement models in this region for monitoring and respiratory solutions procedures, as well as the strict regulatory guidelines that aim at safety, efficiency, and medical efficacy.
Based on geography, the global market can be divided into North America, Asia Pacific, South America, Europe, and the Middle East & Africa. The Asia Pacific regional market is forecast to grow at a second fastest CAGR. This high growth can be attributed to improvements in healthcare systems and an increase in healthcare expenditure. It also reflects the growing awareness of end users in the region regarding the adoption of capnography technology.
Key Regions and Countries covered іn thе rероrt:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Russia
- Spain
- Rest of Europe
- APAC
- China
- Japan
- South Korea
- India
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- MEA
- GCC
- South Africa
- Israel
- Rest of MEA
Market Share Analysis:
To survive in the market, vendors invest in product launches, geographic expansions, collaborative arrangements, and acquisitions. This market is expected to grow in competition as more startups look for opportunities. Koninklijke Philips signed a licensing agreement in May 2020. Through this agreement, Philips integrated additional Masimo measurement techniques, such as NomoLine Capnography, O3 Regional Oximetry, and O3 Regional Oximetry to select IntelliVue MX multi-parameter monitors. Masimo also purchased TNI Medical AG, a German-based company, in March 2020. This acquisition boosted Masimo’s presence in the European Union.
Key Market Players:
- Smith’s Medical
- Masimo
- Welch Allyn (Hill-Rom Holdings Inc.)
- Dragerwerk AG & Co. KGaA
- Medtronic
- Koninklijke Philips N.V.
- Nihon Kohden Corp.
- Nonin Medical Inc.
- BD
- Other Key Players
For the Capnography Device Market research study, the following years have been considered to estimate the market size:
Attribute Report Details Historical Years
2016-2020
Base Year
2021
Estimated Year
2022
Short Term Projection Year
2028
Projected Year
2023
Long Term Projection Year
2032
Report Coverage
Competitive Landscape, Revenue analysis, Company Share Analysis, Manufacturers Analysis, Volume by Manufacturers, Key Segments, Key company analysis, Market Trends, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis, strategy for existing players to grab maximum market share, and more.
Regional Scope
North America, Europe, Asia-Pacific, South America, Middle East & Africa
Country Scope
United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa
Frequently Asked Questions (FAQ)
Q: What is the size of the Capnography Device market in 2021?The Capnography Device market size was US$ 495.2 million in 2021.
Q: What is the projected CAGR at which the Capnography Device market is expected to grow at?The Capnography Device market is expected to grow at a CAGR of 9.2% (2023-2032).
Q: List the segments encompassed in this report on the Capnography Device market?Market.US has segmented the Capnography Device market by geographic (North America, Europe, APAC, South America, and Middle East and Africa). By Component, market has been segmented into OEM Modules and Others. By Product, the market has been further divided into Stand-alone, Hand-held, and Multi-parameter. By Technology, market has been segmented into Sidestream, Mainstream, and Microstream. By Application, the market has been further divided into Pain Management, Emergency Medicine, Critical Care, Procedural Sedation, and Others. By End-use, market has been segmented into Ambulatory Care, Hospitals, and Others.
Q: List the key industry players of the Capnography Device market?Smiths Medical, Masimo, Welch Allyn (Hill-Rom Holdings Inc.), Dragerwerk AG & Co. KGaA, Medtronic, Koninklijke Philips N.V., Nihon Kohden Corp., Nonin Medical Inc., BD, and Other Key Players engaged in the Capnography Device market.
Q: Which region is more appealing for vendors employed in the Capnography Device market?North America is accounted for the highest revenue share of 42.8%. Therefore, the Capnography Device industry in North America is expected to garner significant business opportunities over the forecast period.
Q: Name the key areas of business for Capnography Device?The U.S., Canada, Germany, U.K., France, Italy, Spain, Russia, Etc., are key areas of operation for Capnography Device Market.
Q: Which segment accounts for the greatest market share in the Capnography Device industry?With respect to the Capnography Device industry, vendors can expect to leverage greater prospective business opportunities through the Other components segment, as this area of interest accounts for the largest market share.
- OEM Modules
- Smith’s Medical
- Masimo
- Welch Allyn (Hill-Rom Holdings Inc.)
- Dragerwerk AG & Co. KGaA
- Medtronic
- Koninklijke Philips N.V.
- Nihon Kohden Corp.
- Nonin Medical Inc.
- Becton, Dickinson and Company Profile
- Other Key Players
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