Capnography Equipment Market Analysis & Forecast: 2025-2032

Global Capnography Equipment Market Size and Forecast

The global capnography equipment market size was valued USD 361.2 Mn in 2025 and is expected to reach USD 511.6 Mn by 2032 growing at a compound annual growth rate (CAGR) of 5.1% from 2025 to 2032.

Key Takeaways

• Based on Product, the Mainstream Capnographs segment is set to dominate the market holding an estimate share of 65% in 2025, due to its ability to provide real-time and continuous monitoring.
• Based on Application, the Emergency Care segment is set to dominate the market holding the largest share in 2025, due to the rising demand in pre-hospital and acute care settings.
• Based on End User, the Hospital segment is projected to account for the highest share in the market in 2025, due to the high patient volume handled by hospital.
• Based on Region, North America is estimated to lead the market with a share of 33.5% in 2025. While, Asia Pacific, holding a share of 20.3% in 2025, is projected to be the fastest growing region.

Market Overview

The capnography equipment market is growing steadily as it provides vital, non-invasive monitoring of carbon dioxide (CO₂) levels in respiratory gases. It is an essential tool to assess a patient's ventilatory status. Widely used in operating rooms, ICUs, emergency care, and ambulances, capnography is now a standard of care for anesthesia and sedation.

Rising surgical procedures, chronic respiratory diseases, and global emphasis on patient safety are major factors fueling capnography equipment market demand. Technological advancements and portable solutions are expanding its use across pre-hospital and outpatient settings. As healthcare systems prioritize early intervention, demand for capnography continues to accelerate worldwide.

Current Events and their Impact on the Capnography Equipment Market

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Segmental Insights

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Capnography Equipment Market Insights, By Product

Mainstream Capnographs Acquires the Largest Market Share owing to its Real-time and Continuous Monitoring

In terms of product, the mainstream capnographs segment is expected to contribute 65.0% share of the market in 2025, owing to its ability to provide with real-time and continuous monitoring. Capnography can detect subtle changes in ventilation, such as apnea, hypoventilation, or airway obstruction, earlier than other methods like pulse oximetry, allowing for timely intervention and potentially preventing adverse events. During the measurement with mainstream capnographs, there is no time delay in measurement and measurement encompasses the entire volume of air.

In August 2023, Medical device innovator Capno‑Med introduced its new mainstream capnography sensor, designed for seamless integration with ventilators and monitors from leading global manufacturers. It was constructed from medical-grade TPU plastic and gold‑plated connectors, the sensor delivers stable, accurate EtCO₂ waveforms within three seconds and supports respiratory rates up to 150 bpm. It employs non‑dispersive infrared optics for reliable CO₂ detection and withstands splashes (IPX4), while being corrosion‑resistant and durable. With reusable and single‑use adapters available, the device strengthens real‑time respiratory monitoring in anesthesia and critical care settings. This is further accelerating the capnography equipment market demand.

Capnography Equipment Market Insights, By Application

Emergency Care Dominates the Overall Market owing to the Growing Demand in Pre-hospital and Acute Care Setting

In terms of application, the emergency care segment is expected to contribute the highest share of the market in 2025, due to the rising demand in pre-hospital and acute care settings. It is also supported by strong clinical guidelines and technological advancements. The rising emergency case such as road traffic accidents, opioid overdoses, cardiac events, and respiratory failures is driving the capnography use in acute emergency care. The advanced technological development in capnography offers compact, battery-operated capnographs, making them ideal for rapid-response teams and ERs.

In February 2023, U.S. trial demonstrated that EtCO₂ measured at ED arrival outperformed traditional vitals in predicting ICU admission and mortality.

Capnography Equipment Market Insights, End User

Hospital Holds the Largest Market Share

In terms of end user, the hospital segment is expected to contribute the largest share of the market in 2025, due to the high patient volume handled by hospital, mostly in ICU, emergency and surgical procedures where capnography is essential for monitoring ventilation and detecting respiratory failure in real time. Along with this, in hospitals, capnography is also used as a standard monitoring tool during general anesthesia, particularly in operating rooms and post-anesthesia care units. This is further accelerating the capnography equipment market growth.

Regional Insights

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North America Capnography Equipment Market Analysis & Trends

North America is the largest market for capnography equipment, accounting for a share of over 33.5% in 2025. North America, has well-established healthcare systems and access to advanced techniques. Increasing usage of capnography equipment in hospitals and emergency medical service is expected to drive the growth of the region over the forecast period. North America is surging for continuous advancements in capnography devices, including enhanced accuracy and portability, have increased their adoption across various healthcare settings. 

Europe Capnography Equipment Market Analysis & Trends

Europe is the second-largest market for capnography equipment, accounting for a share of over 26.1% in 2025. Technological advancements and rising prevalence of respiratory diseases such as COPD and asthma, increasing patient safety concerns, and advancements in monitoring technologies in capnography equipment are expected to drive the growth of the region over the forecast period. UK and European guidelines recommend continuous capnography monitoring for all ICU patients with artificial airways. 

Asia Pacific Capnography Equipment Market Analysis & Trends

Asia Pacific is the fastest-growing market for capnography equipment, accounting for a share of over 20.3% in 2025. The development of integrated and multi-parameter monitors with capnography is expected to drive the growth of the region over the forecast period. The demand for multi-parameters monitors is observed to be due to a growing prevalence of chronic disease, an expanding and aging population, increasing healthcare expenditure and advancements in healthcare infrastructure and technology.

In April 2025, Omron Healthcare India partnered with Tricog Health to introduce KeeboHealth, a multi-parameter remote cardiac monitoring solution featuring home ECG devices, blood pressure monitors, and weight scales with AI-driven analytics. It is designed for heart failure management, the system enables clinicians to remotely track vital signs, deliver personalized care, and adjust treatment protocols.

Capnography Equipment Market Outlook Country-Wise

The U.S. Capnography Equipment Market Trends

The U.S. capnography equipment market is a world leader, dominated by its mandate regulations by AHA and ASA in anesthesia, procedural sedation and during CPR. In the U.S., it is widely used in the ORs, ICUs, emergency rooms, and ambulances. The Increasing prevalence of COPD, sleep apnea, and opioid overdose cases in the United States is boosting the demand for capnography as it helps in early detection and monitoring respiratory issues. COPD affects over 16 million Americans, with millions more undiagnosed. Another factor that drives the market is a strong push from patient safety and hospital accreditation bodies to reduce adverse respiratory events. The Joint Commission, accredits over 22,000 U.S. healthcare organizations, emphasizes on continuous respiratory monitoring for patients receiving opioids or under moderate sedation. This is further proliferating the capnography equipment market share.

Germany Capnography Equipment Market Trends

Germany represent one of the largest growth opportunities in the capnography equipment market, driven by its high standard of care and widespread adoption of advanced monitoring technologies across healthcare setting. German hospitals are undergoing digital transformation, investing in smart ICUs, AI-integrated operating rooms, and connected monitoring systems, where installation of capnography is commonly observes, as it is a non-invasive, continuous respiratory care monitoring tool, which fits well into this ecosystem of advanced real-time diagnostics. Germany also has an aging population with higher surgical volumes and ventilator use which further contributes in the growth of the market.

Japan Germany Capnography Equipment Market Trends

Japan is characterized by the increasing number of surgeries in aging population. Japan has over 29% of Japan’s population is aged 65 and above which is the highest in the world. Elderly people undergo surgeries such as cardiovascular, orthopedic, and gastrointestinal conditions. These elder patients are more vulnerable respiratory complications under anesthesia or sedation, making capnography essential for monitoring. Japanese government initiatives are working towards improving anesthesia safety and ICU monitoring. The Ministry of Health, Labour and Welfare (MHLW) mandates comprehensive monitoring, including capnography, ECG, pulse oximetry, and non-invasive blood pressure, for all general anesthesia cases. Guidelines from the Japanese Society of Anesthesiologists (JSA) recommend routine use of capnography, especially in the elderly and during sedation.

Market Report Scope

Global Capnography Equipment Market Drivers

• Increasing prevalence of asthma: The increasing prevalence of asthma is affecting about 262 million people globally, exerts a growing influence on the capnography equipment market by elevating demand for continuous respiratory monitoring in both acute and chronic care settings. Asthma’s global burden is marked by high morbidity which is current wheezing affects roughly 11.5% of those aged 5–69, and severe episodes frequently result in emergency hospital admissions. In emergency rooms and ambulances, capnography enables rapid detection of respiratory compromise during asthma attacks, enhancing early intervention. Clinical studies increasingly support using end‑tidal CO₂ to guide ventilator settings and assess response during exacerbations. As hospitals and EMS providers prioritize patient safety and optimal respiratory care, the capnography equipment market demand continues to grow, driven by the dual needs of asthma management and critical respiratory monitoring.
• Increasing use of portable capnography devices: The increasing use of portable capnography devices is emerging as a powerful catalyst for growth in the capnography equipment market, owing to their versatility and expanding application beyond traditional hospital settings. Emergency Medical Services (EMS) are rapidly integrating handheld sidestream capnographs, enabling paramedics to confirm intubation, evaluate ventilation, and triage patients en route to hospitals. These devices’ small size and real-time CO₂ waveforms enhance patient safety, especially in trauma and respiratory distress cases. Portable capnographs are now used during Conscious Sedation in gastroenterology and pain clinics, enabling clinicians to monitor ventilation in sedated, non-intubated patients. This trend builds on research linking early CO₂ changes to reduced hypoxia before SpO₂ drops.

Global Capnography Equipment Market Opportunities

• Increasing adoption of micro stream capnography technology: The increasing adoption of micro stream capnography technology presents a major opportunity in the global capnography equipment market. Micro stream capnography utilizes a smaller, lighter sampling line that provides greater patient mobility and comfort compared to conventional mainstream capnography techniques. This technology is gaining more popularity among healthcare providers as it allows for more accurate end-tidal carbon dioxide monitoring outside of the operating room environment.
• Increasing prevalence of respiratory disease: The increasing prevalence of respiratory diseases, such as chronic obstructive pulmonary disease (COPD), asthma, and acute respiratory infections is a major driver of demand in the capnography equipment market. According to a study published in Respiratory Research, in 2023, approximately 213 million people worldwide were estimated to be living with COPD. This represents about 2.7% of the global population. In response, clinicians increasingly rely on capnography for real-time monitoring of ventilatory status, early detection of respiratory compromise, and intervention guidance, especially in ICUs and emergency settings.

Global Capnography Equipment Market Trends

• Research and Development: Increasing research and development (R&D) efforts by key medical device manufacturers and hospitals are significantly shaping the capnography equipment market research landscape. Engineering teams are designing next-gen sidestream and microstream capnographs with ultra-sensitive CO₂ sensors, low dead space, and compatibility with pediatric and neonatal applications. Clinical trial units are exploring machine learning-enhanced capnography, where algorithms analyze real-time capnograms to detect early signs of respiratory compromise, such as apnea or hypercapnia, pioneering a shift from passive monitoring to intelligent alert systems. Meanwhile, innovation has extended into wearable capnography technologies for continuous home and outpatient monitoring of chronic respiratory and sleep disorders. These developments, backed by published clinical studies and pilot programs in intensive care and sedation units, demonstrate clear performance benefits shortening response times and reducing adverse events. Together, these R&D initiatives are strengthening product pipelines, advancing patient safety, and enhancing system integration, driving dynamic growth in the capnography equipment market.
• Growing adoption of capnography equipment in different therapeutic areas, including cardiology, trauma, and emergency care: The adoption of capnography equipment across various therapeutic areas is propelling the global capnography equipment market forward. Capnography, which involves the monitoring of carbon dioxide in exhaled breath, is increasingly being used in cardiology, trauma and emergency care. In cardiology, capnography aids in the assessment of cardiovascular function and perfusion. It allows clinicians to non-invasively detect any issues in gas exchange, circulation or ventilation quickly. This is helping cardiologists and emergency medical professionals optimize patient care and intervene faster in critical situations.
• Rising demand for capnography equipment in ambulatory surgical center: The demand for capnography equipment in ambulatory surgical centers has been rising steadily over the past few years. Capnography is increasingly being used in ambulatory surgical centers as it provides continuous, non-invasive monitoring of end-tidal carbon dioxide levels during sedation and anesthesia. This helps anesthesiologists and clinicians quickly identify any issues with ventilation and respiration that could lead to adverse patient outcomes. More procedures are now being performed in ambulatory surgical centers rather than hospitals due to better convenience and lower costs.

Recent Developments

• In June 2024, Lifebox, Smile Train, and the World Federation of Societies of Anaesthesiologists (WFSA) hosted “Capno Week”, a global online initiative to promote capnography as an essential monitoring tool during surgery. Capnography has long been standard in high-income ORs, reducing anesthesia-related complications, yet low-resource settings often face a 100% availability gap. The weeklong program includes expert panels, educational content, and advocacy urging WHO and national bodies to mandate capnographs. Aiming to equip global operating rooms, the Smile Train‑Lifebox capnograph is designed for durability and usability in resource-limited environments.

Analyst Opinion (Expert Opinion)

The capnography equipment market value is entering a crucial phase of technological refinement and clinical necessity, and it is a firm view that this segment is under-leveraged relative to its demonstrated impact on patient outcomes. Despite being a standard of care in anesthesiology and intensive care in developed healthcare systems, capnography remains vastly underutilized in emergency and sub-acute settings globally. This presents both a challenge and a strategic inflection point for device manufacturers and policymakers.

Capnography's utility as an early warning indicator is unmatched among non-invasive monitoring modalities. Studies published in the Journal of Emergency Medical Services have shown that continuous waveform capnography reduces unrecognized esophageal intubations to nearly zero when used consistently, an alarming contrast to conventional auscultation methods, which miss up to 17% of such events in high-pressure settings like ambulances and trauma bays. Moreover, real-time end-tidal CO₂ (EtCO₂) trends offer a sensitive proxy for ventilation, perfusion, and metabolic status, leading to data pointing towards pulse oximetry simply cannot provide with the same immediacy or specificity.

The market’s under-penetration in step-down units and general wards is especially concerning. A 2023 multicenter study in Critical Care Medicine showed a 30% reduction in rapid response team activations on general wards equipped with capnography monitoring, underscoring its predictive value for respiratory decompensation. This suggests that the current perception of capnography as an "anesthesia-only" tool is outdated and misaligned with clinical evidence.

Equally important is the evolution of capnography in procedural sedation. As sedation outside the OR, such as in GI suites, radiology, and dental clinics becomes more widespread, capnography is increasingly viewed as a legal safeguard rather than a mere monitoring accessory. For instance, the American Society of Anesthesiologists and the Joint Commission have both reinforced guidelines requiring capnography in moderate to deep sedation procedures, and failure to comply has led to documented liability cases.

On the innovation front, leading OEMs such as Medtronic and Masimo are differentiating through integrated, multi-parameter modules that bundle EtCO₂ with oxygenation and pulse rate data, driving compact and scalable deployment. However, true disruption is likely to come from software: AI-based waveform analysis for early hypoventilation detection, alarm fatigue reduction, and closed-loop ventilation are not hypothetical anymore, they are already being piloted in top-tier hospitals in the U.S. and Germany.

Market Segmentation

• Global Capnography Equipment Market Segmentation, By Product
• • Mainstream Capnographs
  • Sidestream Capnographs
  • Microstream Capnographs
• Global Capnography Equipment Market Segmentation, By Application
• • Cardiac care
  • Trauma
  • Emergency care
  • Respiratory disorder
  • Others
• Global Capnography Equipment Market Segmentation, By End user
• • Hospitals
  • Ambulatory Surgical Centers
  • Others                                                                             
• Global Capnography Equipment Market Segmentation, By Region
• • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • U.K.
    • Spain
    • France
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • ASEAN
    • Rest of Asia Pacific
  • Middle East
    • GCC Countries
    • Israel
    • Rest of Middle East
  • Africa
    • South Africa
    • North Africa
    • Central Africa
• Company Profile
  • Drägerwerk AG & Co. KGaA
  • Masimo Corporation
  • Medtronic, Inc.
  • Nihon Kohden Corporatio
  • Nonin Medical, Inc.
  • Philips Healthcare
  • Smiths Medical
  • Welch Allyn, Inc.

Sources

Primary Research Interviews from the following stakeholders

Stakeholders

Interviews with clinical engineers, respiratory therapists, anesthesiologists, biomedical technicians, ICU heads, ER doctors, and hospital procurement officers across major global markets.

Databases

• World Health Organization (WHO) Global Health Observatory
• UN Comtrade Database
• Ministry of Health and Family Welfare (MoHFW), India
• European Medicines Agency (EMA)
• U.S. Food and Drug Administration (FDA) – MAUDE Database
• China National Medical Products Administration (NMPA)
• Japan Pharmaceuticals and Medical Devices Agency (PMDA)
• Global Trade Atlas – Medical Instruments Segment
• Directorate General of Commercial Intelligence and Statistics (DGCIS), India

Magazines

• HealthTech Magazine
• Medical Device & Diagnostic Industry (MD+DI)
• Healthcare Business International
• Hospitals & Healthcare Management
• Medgadget
• Technology Networks – Clinical Diagnostics
• Biomedical Instrumentation & Technology
• Clinical Lab Products (CLP)

Journals

• Journal of Clinical Monitoring and Computing
• Anesthesia & Analgesia
• Respiratory Care Journal
• Journal of Emergency Medicine
• Critical Care Medicine
• Journal of Clinical Anesthesia
• IEEE Transactions on Biomedical Engineering
• Medical Devices Evidence and Research

Newspapers

• The Economic Times – Health & Biotech
• The Hindu Business Line – Healthcare & Devices
• Financial Times – Global Healthcare
• Nikkei Asia – Healthtech and Devices
• South China Morning Post – Healthcare Innovation
• The Wall Street Journal – Healthcare Market Reports

Associations

• American Society of Anesthesiologists (ASA)
• Association for the Advancement of Medical Instrumentation (AAMI)
• International Federation of Clinical Chemistry and Laboratory Medicine (IFCC)
• Indian Society of Critical Care Medicine (ISCCM)
• European Society of Anaesthesiology and Intensive Care (ESAIC)
• Respiratory Care Society of India (RCSI)
• World Federation of Societies of Anaesthesiologists (WFSA)

Public Domain Sources

• Ministry of Health and Family Welfare (India) – Medical Equipment Procurement Reports
• National Institute for Health and Care Excellence (NICE), UK
• European Commission – Medical Devices Sector
• U.S. Centers for Medicare & Medicaid Services (CMS)
• National Health Mission (NHM), India
• Directorate General of Health Services (DGHS), India
• India Investment Grid – Medical Devices Sector
• NITI Aayog – Healthtech Innovation Hub Reports

Proprietary Elements

• CMI Data Analytics Tool, Proprietary CMI Existing Repository of information for last 8 years