Capnography Equipment Market Analysis | 2023-2028

Market Insights

The capnography equipment market was estimated at USD 370.25 million in 2022 and is likely to grow at a CAGR of 4.6% during 2023-2028 to reach USD 486.32 million in 2028.

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Market Dynamics

Introduction

Capnography equipment is used to measure the carbon dioxide pressure in the gases for respiration. The equipment shows the pressure of the presence of CO in the form of a graph. The system is used mostly in the case of intensive care or also anesthesia.

Capnography equipment works on sidestream and mainstream and is very much used in important application areas such as cardiac care, emergency care, trauma, respiratory monitoring, and others. Hospitals, ambulatory surgery centers, and home care are some places where the equipment is mostly used.

Market Drivers

The prime factors that are driving the capnography equipment market are–

• The development of portable/point-of-care capnography equipment over pulse oximetry.
• Evolving guidelines related to the clinical use of capnography.
• A Growing number of surgical procedures.

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Key Players

Some of the major players in the market are-

• Burtons Medical Equipment Ltd.
• Criticare Technologies Inc.
• Drägerwerk AG & Co. KGaA.
• Edan Instruments Inc.
• Koninklijke Philips N.V.
• Masimo Corporation
• Medtronic plc
• Nonin Medical Inc.
• Smiths Group plc

Note: The above list does not necessarily include all the top players in the market.

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Segments Analysis

By Product Type

The capnography equipment market is segmented into capnometers and capnography accessories. The capnography accessories segment held a market share of more than 50% and is estimated to lead the market during the forecast period, owing to the increasing adoption of capnography equipment during surgeries and post-surgery patient monitoring.  Further, a growing number of complex and critical surgical procedures across the globe is likely to act as a catalyst for the growth of the capnography accessories market.

By Technology Type

The market is segmented as sidestream capnography and mainstream capnography. The mainstream capnography segment held a market share of more than 65% of the market and is projected to register higher growth during the forecast period. Mainstream capnography is extensively used in various CO2 monitoring applications as it delivers faster response time, higher accuracy, no loss of samples, and better suitability for neonates and children in comparison to sidestream capnography.

By Application Type

The market is segmented as cardiac care, trauma and emergency care, respiratory monitoring, and others. The Trauma and Emergency Care segment is expected to be the fastest-growing segment during the forecast period owing to the increasing number of road accidents and the rising awareness regarding the clinical benefits offered by capnography equipment for managing trauma cases.

Regional Insights

North America is estimated to be the largest market for capnography equipment owing to the large target patient population and the presence of major device manufacturers in the region. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.

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Research Methodology

• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s capnography equipment market realities and future market possibilities for the forecast period.
• The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

The capnography equipment market is segmented into the following categories.

By Product Type

• Capnometers
  • By Portability (Handheld Capnometers and Conventional Capnometers)
  • By Parameter (Multiparameter Capnometers and Standalone Capnometers)
• Capnography Accessories

By Technology Type

• Sidestream Capnography
• Mainstream Capnography

By Application Type

• Cardiac Care
• Trauma and Emergency Care
• Respiratory Monitoring
• Others

By End-User Type

• Hospitals
• Ambulatory Surgery Centers and Home Care

By Region

• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, and the Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, and the Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Report Customization Options

Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

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