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  • Published In : May 2023
  • Code : CMI3269
  • Pages :140
  • Formats :
      Excel and PDF
  • Industry : Medical Devices

Latin America Capnography Equipment Market is estimated to be valued at US$ 39.7 million in 2023 and is expected to exhibit a CAGR of 17.0% during the forecast period (2023-2030). Increase in product launches by key market players is expected to drive the market growth over the forecast period. Moreover, an increase in product approvals and inorganic strategies such as collaborations and partnerships are expected to drive the Latin America capnography equipment market.

Analysts’ Views on Latin America Capnography Equipment Market:

The usage of capnography equipment for monitoring asthma cases will result from an increase in asthma cases, and this will propel the market's growth over the forecast period. For instance, in December 2022, Revista Americana de Medicina Respiratoria, a Latin American journal, 1,380,000 people suffer from asthma in the year 2022

Figure 1. Latin America Capnography Equipment Market Share (%), by Product type, 2023

LATIN AMERICA CAPNOGRAPHY EQUIPMENT MARKET

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Latin America Capnography Equipment Market- Driver

Rise in prevalence of chronic obstructive pulmonary disease (COPD) in Latin America

The increase in the number of cases of COPD in Latin America is expected to boost the growth of market over the forecast period. For instance, in July 2022, according to an article published in BMC Pulmonary Medicine, an open-access journal, cross-sectional observational and cohort studies were performed reporting the prevalence or incidence of COPD in different settings (general population, primary care centers, or hospitals) conducted in Latin America and the Caribbean since 2010. The prevalence of COPD in the general population in Latin America was found to be 8.9% from the year 2010 to the year 2020. The prevalence was higher in men.

Figure 2. Latin America Capnography Equipment Market Share (%), by Country, 2023

LATIN AMERICA CAPNOGRAPHY EQUIPMENT MARKET

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Latin America Capnography Equipment Market- Country Analysis

Among all Countries, Brazil is expected to dominate the Latin America Capnography Equipment Market over the forecast period. This is attributed to Brazil holding a 40.40% market share. Increasing number of plastic surgery in the country is expected to drive the growth of market during the forecast period. For instance, in July 2020, Brazil has the second-highest number of cosmetic procedures in the world owing to 2,267,405 cosmetic procedures in the country

Latin America Capnography Equipment Market– Impact of Coronavirus (COVID-19) Pandemic

Since the COVID-19 virus outbreak in December 2019, the disease has spread to over 100 countries across the globe and the World Health Organization declared it a public health emergency on January 30, 2020.

COVID-19 has affected the economy in three main ways: by directly affecting the production and demand for biochemistry analyzers and medical devices, by creating disruptions in modality, and through its financial impact on firms and financial markets. Due to nationwide lockdowns, several countries such as China, India, Saudi Arabia, UAE, Egypt, and others faced problems with regard to the transportation of biochemistry analyzers from one place to another.

Quarantine, traveling constraints, and social distancing measures are likely to lead to a steep decline in business and consumer spending. Furthermore, healthcare providers were facing challenges in terms of additional manpower, equipment, consumables, and other resources which were required to ensure safety in hospitals and provide treatment to patients with other diseases. Though the overall impact on the healthcare market was positive. During the COVID-19 pandemic the cases of asthma in the Brazil were significantly increased. For instance,  according to an article published in Frontiers in Medicine, Peer-reviewed journal in September 2022 among the patients with asthma, 74.7% who required invasive ventilatory support during the COVID-19 which lead to usage of monitoring equipments

Latin America Capnography Equipment Market Report Coverage

Report Coverage Details
Base Year: 2022 Market Size in 2023: US$ 39.7 Mn
Historical Data for: 2017 to 2020 Forecast Period: 2023 to 2030
Forecast Period 2023 to 2030 CAGR: 17.0% 2030 Value Projection: US$ 119.1 Mn
Geographies covered:
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
Segments covered:
  • By Product Type: Capnographs (Mainstream Capnographs, Side Stream Capnographs, Microstream Capnographs), Disposables 
  • By Application: Procedural Sedation, Anesthetics, Diagnosis and Monitoring of Patients, Others 
  • By End User: Hospitals (Operating Room, ICUs, Emergency Rooms, Post-anesthesia Care Unit, General Care Floor), Ambulatory Surgical Centers, Others 
  • By Country: Brazil, Mexico, Argentina, Rest of Latin America
Companies covered:

Dragerwerk AG & Co. KGaA, Masimo Corporation, Medtronic, Inc., Nihon Kohden Corporation, Nonin Medical, Inc., Philips Healthcare, Smiths Medical, and Welch Allyn, Inc. 

Growth Drivers:
  • Increase in the cases of COPD
Restraints & Challenges:
  • High cost of capnography equipment 

Latin America Capnography Equipment Market Segmentation:

The Latin America Capnography Equipment Market report is segmented into by product type, by application, and by end user.

By product type, the market is segmented into capnographs and disposables. Out of which, the capnographs segment is expected to dominate the Latin America Capnography Equipment Market during the forecast period. Major players in the market are focused on expanding their product portfolio through various research and development activities.

By Application, the market is segmented into procedural sedation, anesthetics, diagnosis, and monitoring of patients, among others. Out of which, the  anesthetics segment is expected to dominate the market over the forecast period and this is attributed to an increase in technological advancements.

By End user, the market is segmented into hospitals, ambulatory surgical centers, among others. Out of which hospital and hospitals segment is expected to dominate the market over the forecast period. For Instance, in 2020, hospitals and clinics accounted for the greatest market share in the era of COVID-19. Expanding healthcare facilities, and technological developments, all these factors had boosted the growth of the capnography equipment market.

Among all segmentation, product type segment has the highest potential due to an increase in product launches by the market key players over the forecast period. For instance, in April 2021, Masimo Corporation, a global medical device company, announced that it had established CE marking for their Rad-97 Pulse CO-Oximeter, with integrated NomoLine capnography.

 

Latin America Capnography Equipment Market: Key Developments

In May 2022, Thames Medical Ltd., a global supplier of anesthesia monitoring equipment for veterinary professionals including capnography equipment, announced IVC Referral Centre Moorview Vets, a veterinary hospital invested in 6 of the latest and most advanced multiparameter monitors from Thames Medical, the Lutech V7, mainstream capnograph

Latin America Capnography Equipment Market: Key Trends

Increasing number of government initiatives to improve the healthcare facilities

Increasing number of government organizations' initiatives to improve the healthcare and surgery facilities in Latin America is expected to drive the market growth in the country over the forecast period. For instance, in December 2022, The Pan American Health Organization reported that at the Pan American Sanitary Conference in September 2022, the American Ministers of Health agreed on a policy ‘The Policy on Integrated Care for Improved Health Outcomes’ to change health services towards integrated, non-fragmented care, assuring smooth, quality, person-centered treatment in Latin America.

Latin America Capnography Equipment Market: Restraint

High cost of the capnography equipment

The major factors that can hamper the growth of the Latin America Capnography Equipment Market include the high cost associated with the capnography equipment as compared to pulse oximeter, which is also used in monitoring various respiratory diseases. For Instance, a handheld capnograph costs between US$ 2,200 and US$ 4,000 whereas handheld pulse oximeter costs US$ 315.

Latin America Capnography Equipment Market: Key Players

Major players operating in the Latin America Capnography Equipment Market include Dragerwerk AG & Co. KGaA, Masimo Corporation, Medtronic, Inc., Nihon Kohden Corporation, Nonin Medical, Inc., Philips Healthcare, Smiths Medical and Welch Allyn, Inc.

Frequently Asked Questions

The Latin America Capnography Equipment Market is estimated to be valued at US$ 39.7 million in 2023 and is expected to exhibit a CAGR of 17.0% between 2023 and 2030.

Increasing prevalence of diseases such as asthma and COPD is expected to drive the Market growth.

Product type segment is the leading segment in the Latin America Capnography Equipment Market.

The major factors that can hamper growth of the Market include the high cost of capnography equipment

Major players operating in the Market include Dragerwerk AG & Co. KGaA, Masimo Corporation, Medtronic, Inc., Nihon Kohden Corporation, Nonin Medical, Inc., Philips Healthcare, Smiths Medical, and Welch Allyn, Inc.

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