Capnography is dynamic monitoring of patients with acute respiratory distress conditions such as asthma, chronic obstructive pulmonary disease (COPD), and bronchiolitis. Capnography analysis is represented in a graph of expiratory CO2 (mmHg) plotted against time or volume. Capnography finds applications in diagnostics and during anesthesia.
The global capnography equipment market is estimated to account for US$ 268.1 Mn in terms of value by the end of 2020.
Global Capnography Equipment Market: Drivers
Approval and launch of new products is expected to boost growth of the global capnography equipment market over the forecast period. For instance, in October 2019, Masimo Corporation received CE marking for its Radius Capnography, a portable real-time capnograph with wireless Bluetooth connectivity.
Global Capnography Equipment Market: Opportunities
Increasing number of plastic surgeries is expected to offer lucrative growth opportunities for players in the global capnography equipment market. For instance, according to the International Society of Aesthetic Plastic Surgery (ISAPS) approximately 1,036,618 cosmetic procedures were carried out in Mexico and nearly 128,398 procedures in Thailand in 2018.
Global Capnography Equipment Market: Restraints
High cost of associated with capnography is expected to hamper growth of the global capnography equipment market. For instance, a handheld capnograph costs between US$ 2,200 and US$ 4,000, whereas a handheld pulse oximeter costs around US$ 315.
The global capnography equipment market was valued at US$ 268.1 Mn in 2020 and is forecast to reach a value of US$ 823.6 Mn by 2027 at a CAGR of 17.4% between 2020 and 2027. Approval and launch of new products is expected to boost growth of the global capnography equipment market over the forecast period.
Sidestream Capnographs segment held dominant position in the global capnography equipment market in 2019, accounting for 53.4% share in terms of value, growth of the segment is attributed to increasing prevalence of respiratory disorders.
Increasing number of surgical procedures is expected to boost growth of the global capnography equipment market over the forecast period. For instance, according to Australian Institute of Health and Welfare’s Hospitals at a glance 2017–18 report updated in August 2019, admissions for emergency surgery increased between 2016-2017 and 2017-2018 by 2.9% in public hospitals and by 5.1% in private hospitals in Australia.
Major players in the global capnography equipment market are focused on launching new products to expand their product portfolio. For instance, in September 2018, Drägerwerk AG & Co. KGaA launched a new series of personal single-gas monitors that includes the Pac 6000, 6500, 8000 and 8500, to detect standard gases such as carbon monoxide, hydrogen sulfide, sulfur dioxide, and oxygen.
The Dutch Sedation Guidelines in the Netherlands state that in all office-, clinic-, or hospital-based moderate and deep sedation procedure, use of capnographs is compulsory, especially when sedation is being administered by non-anesthesiologists
The Association of Anaesthetists of Great Britain & Ireland (AAGBI) in its publications ‘Recommendations for standards of monitoring during anesthesia and recovery’ and ‘Capnography outside the operating room’ in 2009 recommended continuous capnography monitoring for all patients, who are in intubated or anaesthetized state, regardless of their location in the hospital or use of any other airway device. Additionally, incessant capnography is recommended for patients, who undergo any type of sedation where the airway could not be directly observed and should be available during the treatment of cardiac arrest.
The Intensive Care Society in the U.K., a representative body of intensive care professionals and patients in the U.K., published recommendations, which favor the use of capnography in the intensive care units. According to the recommendations, capnography should be used for all critically ill patients during endotracheal intubation or tracheostomy procedure, especially when performed in intensive care units. The recommendations also suggested that capnography monitoring should be done in all critically ill patients, who need mechanical ventilation during inter-hospital or intra-hospital transfer.
Global Capnography Equipment Market: Competitive Landscape
Major players operating in global capnography equipment market include, Drägerwerk AG & Co. KGaA, Masimo Corporation, Medtronic, Inc., Nihon Kohden Corporation, Nonin Medical, Inc., Philips Healthcare, Smiths Medical, and Welch Allyn, Inc.
Global Capnography Equipment Market: Key Developments
Major players in the global capnography equipment market are focused on adopting collaboration and partnership strategies to expand their product portfolio. For instance, in December 2019, Masimo Corporation and Dräger announced partnership expansion, in which Dräger will integrate additional Masimo measurement technologies into Dräger’s family of multi-parameter patient monitors.
Scope of the report