Key Factors Driving Market Growth:
Market growth is mainly driven by the development of portable/POC capnography devices, clinical benefits of capnography equipment over pulse oximetry, and increasing number of surgeries. In addition, healthcare industry in emerging countries are expected to offer growth opportunities for players in the capnography equipment market.
Revenue Growth Analysis:
[232 Pages Report] The global capnography equipment market is expected to reach USD 436 million by 2027 from an estimated USD 334 million in 2021, at a CAGR of 4.6%
This report aims to provide detailed insights into the global capnography equipment market. It provides valuable information on the type, procedure, application, and region in the market. Furthermore, the information for these segments, by region, is also presented in this report. Leading players in the market are profiled to study their product offerings and understand the strategies undertaken by them to be competitive in this market.
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Market Drivers:
Development of portable/POC capnography devices
Capnography equipment is traditionally used for cardiology surgeries for patients under deep sedation and anesthesia. However, with the growing number of target patients for critical applications such as trauma and emergency cases, the demand for portable/point-of-care capnography equipment is expected to increase. In line with this changing market trend, key market players are increasingly focusing on developing portable/point-of-care or handheld capnography equipment that can be used for such applications that require easy device mobility and patient access. Examples of handheld capnography equipment include Microcap Handheld Capnographs (Medtronic Plc), Capnocheck II Hand-Held Capnograph/Oximeter/Carbon Dioxide Detector (Smiths Group Plc), and EMMA Capnograph and EMMA Mainstream Capnometer (Masimo Corporation).
Mainstream capnography segment is estimated to register the highest growth rate in the Capnography Equipment Market, by technology
Based on technology, the market is segmented into mainstream, sidestream, and microstream. The mainstream capnography segment accounted for 67.4% of the market in 2021. The advantages associated with mainstream capnography, such as ease of use and the ability to monitor breathing in intubated patients accurately, are expected to drive the growth of this market segment during the study period.
The Cardiac Surgeries segment, by application, accounted for the largest share of the global capnography equipment market in 2021
Based on application, the capnography equipment market is segmented into cardiac surgeries, trauma & emergency care, respiratory monitoring, and other applications. In 2021, the cardiac surgeries segment held 40.5% of the capnography equipment applications market. The large share of this segment is attributed to the increasing regulatory guidelines recommending capnography for cardiac surgeries and the rising number of cardiopulmonary surgeries performed across the globe.
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Regional Growth Analysis:
North America accounted for the largest share of 50.6% of the capnography equipment market, followed by Europe with a share of 25.5%. On the other hand, the Asia Pacific market is estimated to register the highest growth rate during the forecast period. This can primarily be attributed to the increase in government funding for the establishment of capnography equipment stations, stringent regulations that support the greater adoption of pollution monitoring technologies, and technological advancements in the field of environmental sensors.
Key Players:
Prominent players in the capnography equipment market include ZOLL Medical (Asahi Kasei) (Japan), Becton, Dickinson, and Company (US), Drägerwerk AG & Co. KGaA (Germany), Edan Instruments, Inc. (China), GE Healthcare (US), Hamilton Medical (Switzerland), Welch Allyn (a Hill-Rom company) (US), Koninklijke Philips N.V. (Netherlands), Masimo Corporation (US), Medtronic plc (Ireland), Mindray Medical (US), Nihon Kohden (Japan), Nonin Medical Inc.(US), Schiller (Switzerland) and Smiths Medical (UK).
