The global capnography market accounted for $393.93 million in 2019, and is expected to reach $1,181.55 million by 2027, registering a CAGR of 13.5% from 2020 to 2027. Capnography is a medical tool that measures concentration or partial pressure of excised or current carbon dioxide. During anesthesia and intensive care, it is mostly used to monitor CO2 in respiratory gases. It also helps to diagnose causes of respiratory distress, provide feedback on treatment effects in real time, and detect shocks.
Growth in the prevalence of respiratory diseases, rise in surgeries, and increase in geriatric population boosts market growth. In addition, expanded capnographs used in emergency rooms, endoscopic suites, on-site emergency, trauma areas, and X-ray rooms also boost market growth. Rise in disposable income and increase in health-care investments by governments & private organizations are anticipated to propel market growth.
In addition, rise in incidences of chronic conditions, such as cancer and diabetes, create a need for efficient medication delivery, thereby driving market growth. According to the Cancer Research U.K., cancer results in highest number of deaths globally, which has raised clinical urgency to adopt advanced alternatives, such as capnography devices. According to the American Cancer Society, in 2018, almost 1.7 million new cancer cases were registered in the U.S., while almost 0.6 million people died due to cancer.
Consequentially, growth in adoption of capnography in anesthesia administration in target applications, such as monitoring patients undergoing procedural sedation, intubated patients during patient transfer in hospitals, and in patient-controlled analgesia, is expected to boost the product demand during the forecast period. In addition, rise in application in surgical procedures such as hypoventilation, endotracheal tube placement, and esophageal intubation is anticipated to further drive market growth.
Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America accounted for the largest market share in 2019, and is expected to retain its dominance throughout the forecast period. This is attributed to the factors such as rise in the prevalence of respiratory diseases as a consequence of unhealthy lifestyles and high stress levels. Furthermore, incorporation of new reimbursement models for respiratory and monitoring solution procedures and stringent regulatory guidelines that are aimed toward medical efficacy, patient safety, and clinical efficiency are expected to drive the regional demand in the coming years. Furthermore, Asia-Pacific is anticipated to expand at a significant CAGR of 15.70% during the forecast period, owing to expeditiously improving healthcare systems and a rise in healthcare expenditure and awareness regarding benefits of this technology.
The market is segmented on the basis of product, application, end-user, and region. On the basis product, it is categorized into capnographs and capnography disposables. Capnograph is further subdivided mainstream capnographs, sidestream capnographs, and microstream capnographs. By application, the market is categorized into procedural sedation, pain management, emergency medicine, critical care, general floor, and others. By end-user, it is segmented into hospitals and ambulatory surgical centers. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players operating in the global capnography market include BECTON, DICKINSON AND COMPANY, Dragerwerk AG & Co. KGAA, General Electric, Hamilton Bonaduz Ag, Koninklijke Philips N.V. (Philips), MASIMO, Medtronic Plc., Nihon Kohden Corporation, Smiths Group plc. (Smiths Medical), SLE Ltd.
KEY BENEFITS FOR STAKEHOLDERS
KEY MARKET SEGMENTS
By Product type
By Application
By End User
By Region
North America
Europe
Asia-Pacific
LAMEA
LIST OF KEY PLAYERS PROFILED IN THE REPORT
In addition, rise in incidences of chronic conditions, such as cancer and diabetes, create a need for efficient medication delivery, thereby driving market growth. According to the Cancer Research U.K., cancer results in highest number of deaths globally, which has raised clinical urgency to adopt advanced alternatives, such as capnography devices. According to the American Cancer Society, in 2018, almost 1.7 million new cancer cases were registered in the U.S., while almost 0.6 million people died due to cancer.
Consequentially, growth in adoption of capnography in anesthesia administration in target applications, such as monitoring patients undergoing procedural sedation, intubated patients during patient transfer in hospitals, and in patient-controlled analgesia, is expected to boost the product demand during the forecast period. In addition, rise in application in surgical procedures such as hypoventilation, endotracheal tube placement, and esophageal intubation is anticipated to further drive market growth.
Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America accounted for the largest market share in 2019, and is expected to retain its dominance throughout the forecast period. This is attributed to the factors such as rise in the prevalence of respiratory diseases as a consequence of unhealthy lifestyles and high stress levels. Furthermore, incorporation of new reimbursement models for respiratory and monitoring solution procedures and stringent regulatory guidelines that are aimed toward medical efficacy, patient safety, and clinical efficiency are expected to drive the regional demand in the coming years. Furthermore, Asia-Pacific is anticipated to expand at a significant CAGR of 15.70% during the forecast period, owing to expeditiously improving healthcare systems and a rise in healthcare expenditure and awareness regarding benefits of this technology.
The market is segmented on the basis of product, application, end-user, and region. On the basis product, it is categorized into capnographs and capnography disposables. Capnograph is further subdivided mainstream capnographs, sidestream capnographs, and microstream capnographs. By application, the market is categorized into procedural sedation, pain management, emergency medicine, critical care, general floor, and others. By end-user, it is segmented into hospitals and ambulatory surgical centers. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players operating in the global capnography market include BECTON, DICKINSON AND COMPANY, Dragerwerk AG & Co. KGAA, General Electric, Hamilton Bonaduz Ag, Koninklijke Philips N.V. (Philips), MASIMO, Medtronic Plc., Nihon Kohden Corporation, Smiths Group plc. (Smiths Medical), SLE Ltd.
KEY BENEFITS FOR STAKEHOLDERS
- The study provides an in-depth analysis of the market along with the current trends and future estimations to elucidate the imminent investment pockets.
- It offers a quantitative analysis from 2019 to 2027, which is expected to enable stakeholders to capitalize on prevailing market opportunities.
- The key market players and their strategies have been analyzed to understand the competitive outlook of the market.
KEY MARKET SEGMENTS
By Product type
- Capnographs
- Mainstream Capnographs
- Sidestream Capnographs
- Microstream Capnographs
- Capnography Disposables
By Application
- Procedural Sedation
- Pain Management
- Emergency Medicine
- Critical Care
- General Floor
- Others
By End User
- Hospitals
- Ambulatory surgical centers
By Region
North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe
Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
LIST OF KEY PLAYERS PROFILED IN THE REPORT
- BECTON, DICKINSON AND COMPANY
- Dragerwerk AG & Co. KGAA
- General Electric
- Hamilton Bonaduz Ag
- Koninklijke Philips N.V. (Philips)
- MASIMO
- Medtronic Plc.
- Nihon Kohden Corporation
- Smiths Group plc. (Smiths Medical)
- SLE Ltd.
Table of Contents
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Capnography Market, by Product
Chapter 5: Capnography Market, by Application
Chapter 6: Capnography Market, by End-user
Chapter 7: Capnography Market, by Region
Chapter 8: Company Profiles
Companies Mentioned
- BECTON
- DICKINSON AND COMPANY
- Dragerwerk AG & Co KGAA
- Gneral Electric
- Hamilton Bonaduz Ag
- Koninklijke Philips NV (Philips)
- MASIMO
- Medtronic Plc
- Nihon Kohden Corporation
- Smiths Group plc (Smiths Medical)
- SLE Ltd
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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