The development of portable/point-of-care capnography devices, clinical benefits of capnography equipment over pulse oximetry, increasing number of surgeries, and the evolving guidelines related to the clinical use of capnography.
Market Size
The global Capnography Equipment market size is projected to reach USD 366.5 million by 2023 from USD 297.1 million in 2018, at a CAGR of 4.3%.
NIHON KOHDEN (Japan), Philips (Netherlands), Medtronic (Ireland), Smiths Group (UK), Masimo Corporation (US), Drägerwerk AG & Co. KGaA (Germany), Hill-Rom Holdings (US), Nonin Medical (US), Infinium Medical (US), Criticare Technologies (US), SCHILLER (Switzerland), Zoe Medical (US), Edan Instruments (China), and Burtons Medical Equipment (UK) are some key players in this market. These companies are focusing on increasing their presence in the high-growth markets through both organic as well as inorganic growth strategies such as product launches, acquisitions, and expansions.
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“As of 2017, Medtronic (Ireland) is the key player in the global capnography equipment market”
The company offers portable and handheld capnography equipment (which can be used in any clinical setting) for intubated or non-intubated patients. The strength of the company lies in its geographic presence and brand image. Currently, the company has a strong presence in mature markets and is further expanding its footprints in emerging markets. For instance, in 2015, the company opened its regional headquarters in Singapore to improve its market presence in the Asia Pacific region.
“Smiths Group (UK) is among the key manufacturers of capnography equipment, as of 2017”
The company provides capnography equipment and accessories through its Smiths Medical business segment. Also, the company has a major focus on providing technologically advanced products and is increasingly investing in R&D activities. For instance, it invested 6.4% of its total revenue on R&D in 2017. The company’s main competitors are Medtronic, Becton Dickinson, Baxter, and B. Braun.
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