Global Capnography Device Market – Analysis and Forecast (2018-2024)

Industry Insights by Product (Capnometers (Handheld Capnometers, and Conventional Capnometers), and Capnography Accessories), by Technology (Sidestream Capnography, Mainstream Capnography and Others), by Application (Cardiac Care, Respiratory Monitoring, Trauma and Emergency Care, and Other Applications) and by End User (Hospitals, and Ambulatory Surgery Centers and Home Care)

Status : Upcoming
Report Code : VRHC1109
Available Format : PDF
Industry : Healthcare

Industry Overview

Capnography device is a monitoring device used to measure the concentration of carbon dioxide in respiratory gas. It helps to monitor the real-time status of ventilation of a patient. Moreover, it provides data about CO2 production, alveolar ventilation, respiratory patterns pulmonary perfusion, and elimination of CO2 from the anesthesia circuit and ventilator. The global capnography device market is growing at a significant rate, due to the development of portable/point-of-care capnography devices, and the mounting number of surgeries.

Different products such as capnometers and capnography accessories contributed to the capnography device market size. The market has witnessed high demand for capnography accessories due to escalating adoption of capnography device in surgeries, and mounting number serious and complicated surgical procedures and post-operative monitoring, and obtainability of medical compensation.

Market Segmentation

Insight by Product

On the basis of product, the market is subdivided into capnometers, and capnography accessories. Of all products, capnography accessories segment accounted the larger share in the market, due to escalating adoption of capnography device in surgeries, and mounting number serious and complicated surgical procedures and post-operative monitoring and obtainability of medical compensation.

The capnometers are further subdivided on the basis of portability into handheld capnometers and conventional capnometers. Moreover, the capnometers are further subdivided on the basis of parameter into multiparameter capnometers and standalone capnometers

Insight by Technology

On the basis of technology the market is subdivided into sidestream capnography, mainstream capnography and others. Of all the technologies, mainstream capnography is expected to grow at fastest rate in the market, due to a mounting number of surgical procedures, benefits of mainstream capnography such as greater precision, quicker response time, and enhanced appropriateness for neonates and children, and escalating acceptance of capnography equipment among healthcare providers. Moreover, the sidestream capnography accounted the largest share in the market, as it is more comfortable, lighter and less bulky.

Insight by Application

On the basis of application, the market is subdivided into cardiac care, respiratory monitoring, trauma and emergency care, and other applications. Among all applications, the trauma and emergency care application are expected to grow at fastest rate in the capnography device market due to a mounting number of road accidents and escalating awareness regarding the benefits of capnography devices.

Insight by End User

The different end users of the market are hospitals, and ambulatory surgery centers and home care. Among all end users, the hospitals accounted the larger share and are expected to grow at faster rate in the capnography device market, due to mounting alertness of the clinical advantages posed by capnography equipment and escalating occurrence of chronic diseases.

Industry Dynamics

Growth Drivers

Development of portable/point-of-care capnography devices, a mounting number of surgeries, technological advancements, escalating government initiatives, and developing strategies associated to the clinical usage of capnography are the primary growth drivers for capnography device market.

Augmented obtainability of clinical evidence to support capnography monitoring, the mounting occurrence of respiratory diseases, and advantages of capnography equipment are also facilitating the growth of the capnography device market.

Challenges

Inadequate alertness about the device, inexpensive alternatives and dearth of skilled technicians are the major challenges for the growth of capnography device market.

Industry Ecosystem

Globally, the manufacturing companies trying to enter the capnography device market are required to maintain stringent regulatory standards. Moreover, the high level of capital requirement also poses a major barrier to the entry of new players. This offers an edge to the established players in the industry competition.

Geographic Overview

Geographically, North America is the largest capnography device market as in the region the presence of device manufacturers is high. In addition, the mounting occurrence of respiratory diseases and well-established healthcare facilities are also up surging growth of the North American capnography device market.

Asia-Pacific is observed to witness the fastest growth in the market, due to the mounting occurrence of respiratory diseases. In addition, large population base, the mounting occurrence of preterm births, expanding the geriatric population, and government initiatives are also creating a positive impact on the capnography device market growth in the region.

Competitive Insight

Key players in the capnography device market are catering to the demand of these devices by investing in technologically advanced products in their product portfolio across the globe. In November 2017, Masimo announced FDA clearance for NomoLine capnography sampling lines, for hassle-free sidestream capnography and gas monitoring. Medtronic PLC, Burtons Medical Equipment, Ltd., Masimo Corporation, Drägerwerk AG & Co. KGaA, NIHON KOHDEN, Edan Instruments, Inc., Schiller, Hill-Rom Holdings, Infinium Medical, Nonin Medical, Inc., Koninklijke Philips N.V., and Smiths Group PLC are the key players offering capnography device.

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