USD 688.45 Million
Capnography Devices Market Size, Share, Growth Analysis, By Product(Hand-held, Stand-alone, Multi-parameter), By Technology(Mainstream, Sidestream, Microstream), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35A2381 |
Region:
Global |
Published Date: April, 2024
Pages:
219
|Tables:
63
|Figures:
75
Capnography Devices Market Insights
Global Capnography devices Market size was valued at USD 688.45 Million in 2023 and is poised to grow from USD 756.6 Million in 2024 to USD 1465.06 Million by 2031, at a CAGR of 9.9% during the forecast period (2024-2031).
The global Capnography devices market refers to the industry focused on the production and distribution of devices used for capnography, which is the measurement and monitoring of carbon dioxide (CO2) levels in breath during medical procedures. Capnography devices serve a vital purpose in healthcare settings by providing real-time information on a patient's respiratory status, helping clinicians assess ventilation, metabolism, and perfusion. the key driving factors for the capnography devices market is the increasing awareness about patient safety and the need for accurate respiratory monitoring.
Capnography devices offer a non-invasive and reliable method to monitor CO2 levels, enabling early detection of respiratory distress or complications during anesthesia, procedural sedation, and critical care. With a growing emphasis on patient safety, healthcare providers are increasingly adopting capnography devices to improve monitoring and reduce the risk of adverse respiratory events. the capnography devices market faces certain challenges, including the lack of standardized protocols and guidelines for capnography use across healthcare settings. The variability in clinical practices and inconsistent utilization of capnography may impede market growth and hinder the widespread adoption of these devices.
Additionally, the need for skilled healthcare professionals trained in interpreting capnography waveforms and integrating the information into clinical decision-making poses a challenge in some regions. the global capnography devices market plays a critical role in respiratory monitoring during medical procedures. The market is driven by the growing awareness of patient safety and the need for accurate respiratory monitoring. However, factors such as high costs, lack of standardized protocols, and the need for skilled healthcare professionals pose challenges. Nonetheless, advancements in technology and expanding applications offer promising opportunities for market growth and innovation. The capnography devices market continues to evolve, providing healthcare professionals with valuable tools for effective respiratory monitoring and improving patient outcomes.
US Capnography Devices Market is poised to grow at sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Sidestream
Fastest Growth
Sidestream
Growth Rate
9.9% CAGR
Global Capnography Devices Market ($ Mn)
Country Share for North America Region (%)
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Capnography Devices Market Segmental Analysis
Global Capnography devices Market is segmented on the Product, Application and region. By Product, the market is segmented into Hand-held, Stand-alone, Multi-parameter. By Technology, the market is segmented into Mainstream, Sidestream, Microstream. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Capnography devices Market Analysis by Product
In 2023, the handheld product segment emerged as the dominant revenue generator, accounting for over 60% of the global capnography devices market. This significant market share can be attributed to the increasing adoption of handheld capnography devices, driven by their associated benefits. Handheld devices offer high portability, allowing healthcare professionals to easily carry them during procedures. They also facilitate the maintenance of required oxygen saturation levels during operative procedures. Additionally, handheld capnography devices are known for their durability and low associated costs, making them a preferred choice among healthcare providers. Furthermore, the latest advancements in handheld devices have introduced features like visual and audible alarms and sidestream technology, further enhancing their utility and convenience.
The multi-parameter product segment is expected to exhibit the fastest compound annual growth rate (CAGR) during the forecast period. This growth can be attributed to the increasing applications of multi-parameter capnography devices in emergency medicine and procedural sedation. The advancements in capnography technology, including the miniaturization of sensors and the incorporation of multiple sensors in a single device, have enabled the simultaneous monitoring of multiple gases. This development has resulted in easier and faster sample collection and long-term deployment. These advantages are anticipated to drive the demand for multi-parameter instruments in the coming years.
Capnography devices Market Analysis by Technology
In 2023, the side stream technology segment emerged as the leading revenue contributor, accounting for more than 53% of the global capnography devices market. This significant market share can be attributed to the widespread usage of side stream technology in anesthesia monitoring. Side stream technology-enabled devices offer numerous advantages, including easy connectivity and fewer sterilization-related issues. Additionally, these devices facilitate the monitoring of non-incubated substances through the use of nasal adapters.
The micro stream technology segment is projected to witness the highest growth rate during the forecast period. This growth is primarily driven by the increasing adoption of micro stream technology, which is a result of technological advancements in this field. Micro stream technology can be utilized in both intubated and non-intubated patients across all age groups. This versatility contributes to its rising penetration in the market and its potential for further growth.
Global Capnography Devices Market By Technology
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Capnography Devices Market Regional Insights
In 2023, North America emerged as the leading revenue contributor, accounting for over 43% of the global capnography devices market. This significant market share can be attributed to several factors. The region has witnessed a rising prevalence of respiratory diseases, primarily driven by unhealthy lifestyles and high-stress levels. This has created a high demand for respiratory monitoring solutions, including capnography devices. Furthermore, the incorporation of new reimbursement models for respiratory and monitoring procedures in North America has facilitated access to these solutions, driving their demand. Stringent regulatory guidelines focused on patient safety, medical efficacy, and clinical efficiency further contribute to the market growth in the region.
The Asia Pacific region is expected to exhibit the second-fastest compound annual growth rate (CAGR) during the forecast period. This growth can be attributed to several factors. The region has been witnessing continuous improvements in healthcare systems, resulting in better access to healthcare services. The rise in healthcare expenditure and increasing awareness among end users about the adoption of capnography technology are also driving the market growth in the Asia Pacific region.
Global Capnography Devices Market By Region
- Largest
- Fastest
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Capnography Devices Market Dynamics
Capnography devices Market Drivers
Increasing Demand for Patient Safety
- One of the key drivers in the capnography devices market is the growing emphasis on patient safety. Healthcare providers worldwide have recognized the importance of accurate respiratory monitoring to prevent adverse events during procedures and ensure patient well-being. Capnography devices play a critical role in monitoring and alerting healthcare professionals to changes in CO2 levels, enabling timely intervention. The increasing demand for patient safety measures has led to the wider adoption of capnography devices in various healthcare settings.
Technological Advancements
- The advancements in capnography technology have been a significant driver of market growth. In 2022, manufacturers continued to introduce innovative features and improvements in capnography devices. For example, there has been a focus on miniaturization of sensors, making the devices more compact and portable. Additionally, advancements in data connectivity and integration with electronic medical records systems have improved the efficiency of data collection and analysis. These technological advancements have enhanced the performance and usability of capnography devices, driving their adoption in clinical practice.
Capnography devices Market Restraints
High Cost of Capnography Devices
- One of the primary restraints in the capnography devices market is the high cost associated with these devices. Advanced capnography devices with additional features and functionalities can be relatively expensive, making them less accessible, especially in resource-limited healthcare settings. The cost factor can hinder the widespread adoption of capnography devices, particularly in regions with budget constraints.
Lack of Awareness and Training
- Another challenge in the market is the lack of awareness and training among healthcare professionals regarding capnography devices. Some healthcare providers may not fully understand the benefits and appropriate use of these devices, leading to underutilization or misuse. This lack of awareness and training can pose a barrier to market growth, as healthcare professionals need to be educated about the importance of capnography and how to effectively interpret and utilize the data provided by these devices.
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Capnography Devices Market Competitive Landscape
The Global Capnography Devices Market features a competitive landscape with several key players vying for market share. These companies focus on innovation, product development, strategic partnerships, and mergers and acquisitions to gain a competitive edge in the market. Philips Healthcare is another key player in the capnography devices market. The company offers a comprehensive range of capnography solutions that provide real-time monitoring of CO2 levels during procedures. Philips Healthcare emphasizes user-friendly designs, advanced technology, and integration with other healthcare systems to deliver efficient and seamless respiratory monitoring solutions. The company's strong distribution network and global presence contribute to its competitive position in the market. companies strive to address the evolving needs of healthcare providers and improve patient outcomes through continuous product development and strategic initiatives.
Capnography devices Market Top Player’s Company Profiles
- Smiths Medical (US)
- Drägerwerk AG & Co. KGaA (Germany)
- Nihon Kohden Corporation (Japan)
- Welch Allyn, Inc. (US)
- Nonin Medical, Inc. (US)
- CareFusion Corporation (US)
- ZOLL Medical Corporation (US)
- Schiller AG (Switzerland)
- Edan Instruments, Inc. (China)
- Infinium Medical (US)
- Schmitz u. Söhne GmbH & Co. KG (Germany)
- HEYER Medical AG (Germany)
- BPL Medical Technologies (India)
- DiaSys Diagnostic Systems GmbH (Germany)
- CONTEC Medical Systems Co., Ltd. (China)
- Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China)
- Vyaire Medical (US)
Capnography devices Market Recent Developments
- In June 2022, GE Healthcare, Medtronic receive FDA 510(k) clearance and CE Mark approval on the integration of advanced INVOS™ regional oximetry and Microstream™ capnography technologies on the CARESCAPE precision monitoring platform.
- In May 2022, Welch Allyn launched the Spot-N-View™ Capnograph, a portable capnography device that is designed for use in critical care, emergency, and operating room settings.
- In April 2022, Smiths Medical launched the Vigileo™ Capnograph, a portable capnography device that is designed for use in critical care, emergency, and operating room settings.
- In March 2022, Nihon Kohden Corporation launched the N1600A Capnograph, a high-performance capnography device that is designed for use in critical care, emergency, and operating room settings.
Capnography Devices Key Market Trends
- Integration of Artificial Intelligence (AI) and Machine Learning (ML): In 2022, there was a growing trend of integrating AI and ML technologies into capnography devices. These technologies enable advanced data analysis, real-time monitoring, and predictive analytics, enhancing the capabilities of capnography devices. AI and ML algorithms can help detect patterns, identify trends, and provide actionable insights from capnography data, assisting healthcare professionals in making informed decisions. This trend is expected to continue driving innovation in the capnography devices market.
- Expansion of Applications: Capnography devices are finding new applications beyond traditional healthcare settings. In 2022, there was an increasing trend of utilizing capnography devices in pre-hospital care, home care, and other non-traditional environments. The portability, ease of use, and advancements in technology have enabled the expansion of capnography applications, allowing for respiratory monitoring in a wider range of settings. This trend opens up new market opportunities and expands the potential customer base for capnography device manufacturers.
Capnography Devices Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by smeans of Primary Exploratory Research backed by robust Secondary Desk research.
According to our analyses, The Global Capnography Devices Market is expected to experience significant growth during the forecast period from 2022 to 2030. The market refers to the industry involved in the production and distribution of devices used for monitoring carbon dioxide (CO2) levels in the breath. Capnography devices are utilized in various healthcare settings to measure the CO2 concentration during procedures and assist in monitoring respiratory conditions. The market analysis indicates a positive growth trajectory for capnography devices due to several factors. The increasing prevalence of respiratory diseases, rising awareness about patient safety, and technological advancements in capnography technology are driving the market's growth. Moreover, the demand for portable and user-friendly devices that provide accurate and real-time CO2 monitoring is on the rise. However, the market also faces challenges such as high costs associated with advanced devices and the need for healthcare professionals' training in utilizing capnography devices effectively. Despite these challenges, the market presents ample opportunities for growth, particularly in emerging economies, as healthcare infrastructure continues to develop and the adoption of capnography technology expands. Overall, the global capnography devices market is anticipated to experience significant growth in the coming years, driven by the increasing focus on patient safety and the continuous advancement of technology in respiratory monitoring.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 688.45 Million |
| Market size value in 2031 | USD 1465.06 Million |
| Growth Rate | 9.9% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Capnography Devices Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Capnography Devices Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Capnography Devices Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Capnography Devices Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Capnography Devices Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Capnography Devices Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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