Capnography Equipment Market Size Report, 2022-2028

[Research Report] The capnography equipment market is expected to grow from US$ 447.59 million in 2021 to US$ 716.38 million by 2028; it is estimated to grow at a CAGR of 7.1% from 2022 to 2028.

The market growth is attributed to the prevalence of respiratory disorders and the clinical benefits of capnography equipment over pulse oximetry

The capnography equipment market  comprises major competitive players adopting strategies such as product launches, geographic expansion, and technological advancements. A few recent developments in the market are listed below:

• In July 2020, Welch Allyn (Hill Rom Holdings, Inc.) announced "Connex Vital Signs Monitor," a new product having an intuitive touchscreen that is adaptable for most low-acuity healthcare environments and clinical workflows. The product can also track cardiac activity using 3-or-5 lead ECG monitoring, measure pulse oximeter, non-invasive blood pressure (NIBP), temperature, end-tidal CO2 (EtCO2), respiration, and many more.
• In December 2021, Baxter International Inc. announced the acquisition of Hill Rom Holdings Inc. This acquisition unlocks the next phase of transformation, presenting a new wave of potential driving impact for patients, clinicians, employees, shareholders, and other communities to serve globally.
• In July 2021, Spacelabs Healthcare, a division of OSI Systems Inc. partnered with Masimo for integrating SET Pulse Oximetery, NomoLine capnography, rainbow SET Pulse CO-Oximetry, SedLine brain function monitoring, and O3 regional oximetry into selected Spacelabs multiparameter monitors.

 

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Capnography Equipment Market: Strategic Insights

Capnography Equipment Market

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  CAGR (2021 - 2028)

  7.1%
• Market Size 2021
  US$ 447.59 Million
• Market Size 2028
  US$ 716.38 Million

Market Dynamics

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FUTURE TRENDS

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OPPORTUNITIES

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Key Players

• Medtronic
• Koninklijke Philips N V
• General Electric Company
• Dragerwerk AG Co KGaA
• Nihon Kohden Corporation
• Hill Rom Holding Inc Baxter
• Masimo
• SCHILLER Americas Inc
• ICU MEDICAL Inc

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

Product Type

• Capnography Accessories & Disposables
• Capnometers

Technology

• Mainstream Capnography
• Sidestream Capnography
• Microstream Capnography

Application

• Cardiac Care
• Trauma and Emergency Care
• Procedural Sedation
• Respiratory Monitoring
• Other Applications

End User

• Hospitals
• Ambulatory Surgical Center
• Home Care Settings

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The active participation of market players in product innovation and development, and an increase in approvals of products are fueling the growth of the capnography equipment market.

In 2010, the International Consensus on Cardiopulmonary Resuscitation and Emergency Cardiovascular Care Science and the American Heart Association (AHA) restructured their guidelines for Adult and Pediatric Advanced Life Support to include recommendations for capnography used during critical events. The new guidelines indorsed the routine use of quantitative waveform capnography for both intubation and during CPR. In the US, the process of proving the medical safety of a device takes ~3–7 years of a manufacturer. Per the law in the country, even if there is a slight change in the size of a previously approved device, the modified product needs to go through the entire process of approval before commercialization. Nevertheless, the FDA approval process for simple capnography equipment is easier than that of complex capnography equipment. The complex capnography equipment needs to comply with various FDA requirements, which act as a hurdle for the approval of capnography equipment on a large scale. The FDA usually evaluates all medical devices for safety and effectiveness, and conducts appropriate assessments to determine the risk-to-benefit ratio. However, in some cases, the body may require manufacturers to provide additional data, depending on the complexity of the device. The current FDA regulations consider capnography equipment in the category of traditionally manufactured medical products for their approval. Thus, variations and lack of standardization in regulations are hampering the growth of the capnography equipment market.

Regional Overview

Asia Pacific is expected to register the highest CAGR in the capnography equipment market during the forecast period. High demand for CO2 measurement instruments, increasing prevalence of respiratory diseases, and rising investments in R&D by major market players are among the factors augmenting the growth of the Asia Pacific capnography equipment market. According to the research data published in the Journal of Thoracic Diseases in China, COPD is progressively becoming a cause of public health concern, and it ranks first among the causes of disability. In 2018, the overall prevalence rate of COPD in China was 8.2%, and the mortality rate because of the disease was ~1.6%. COPD is stated to be the fourth leading cause of death in rural areas, with a prevalence rate of 4.4–16.7%. Thus, the growing prevalence of COPD is fueling the growth of capnography market in China. According to Statista, Chinese hospitals led more than 66 million inpatient surgical operations in 2020. The number varied considerably among regions. Health institutions in the southern province of Guangdong conducted more than 8 million operations in the year, while the western province of Qinghai led less than 200,000. The upsurge in the number of surgeries carried out in China is contributing to the growth of the capnography equipment market in APAC.

In India, the market for capnography equipment is rising owing to the growing prevalence of respiratory diseases. For instance, in 2018, according to an article published by DownToEarth, at least 1 in 10 asthma patients present globally lives in India, and the country records ~1.5–2 crore asthma patients. The Indian Study on Epidemiology of Asthma, Respiratory Symptoms and Chronic Bronchitis in Adults (INSEARCH) estimated the national burden of asthma at 17.23 million with an overall prevalence of 2.05%. The recent Global Burden of Disease estimated the total burden of asthma in India as 34.3 million, accounting for 13.09% of the global burden. It also attributed 13.2 thousand deaths in India were due to asthma. Overall, India has three times higher mortality and more than two times higher DALYs compared to the global proportion of asthma burden. The prevalence of asthma due to changing environmental conditions is fueling the growth of the capnography equipment market in India.

Thus, the growing elderly population, prevalence of respiratory diseases, and increase in the number of surgeries are expected to boost the capnography equipment market during the forecast period.

Technology Insights

Based on technology, the capnography equipment market is segmented into mainstream capnography, sidestream capnography, and microstream capnography. In 2021, the mainstream capnography segment held the largest share of the market. In mainstream capnography, CO2 sensor is located between endotracheal tube and breathing circuit. It is characterized as invasive and the measurement of ETCO2 is done at the airway or sample site. The growth of the market for mainstream capnography is mainly ascribed to the ease of use, accuracy of monitoring breathing in intubated patients, and shorter response time. In April 2021, Masimo announced the FDA clearance of Radius PCG for the Root Patient Monitoring and Connectivity Platform. The product does not require any routine calibration. It provides accurate ETCO2, respiration rate measurements, and continuous EtCO2 waveforms displayed within 15 seconds.

The sidestream capnography segment is expected to register the highest CAGR in the capnography equipment market during the forecast period. In side-stream capnography, the CO2 is present away from the airway. The sensor is in the main unit and CO2 is collected through a sampling tube connected to a T-piece adapter located in the endotracheal tube and breathing circuit. The side-stream capnography is more comfortable for the patients due to its thin tubing and lighter than main-stream capnography. Further, sidestream technology provides adequate quantitative information about uneven alveolar emptying and ventilation–perfusion mismatch. Masimo offers sidestream capnography solutions with gas monitoring capabilities. It is suitable for gas monitoring across care areas such as pre-hospital, in-hospital to transport, long-term care, and home care.

Companies operating in the capnography equipment market adopt the product innovation strategy to meet the evolving customer demands worldwide, which also allows them to maintain their brand name in the market.

Capnography Equipment Market Report Scope

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Capnography Equipment Market – Segmentation

The capnography equipment market is analyzed on the basis of product type, technology, application, end user, and geography. Based on product type, the market is segmented into capnography accessories & disposables and capnometers. Based on technology, the market is segmented into mainstream capnography, sidestream capnography, and microstream capnography. Based on application, the capnography equipment market is segmented into cardiac care, trauma and emergency care, procedural sedation, respiratory monitoring, and other application. Based on end user, the market is segmented into hospitals, ambulatory surgery centers, home care settings, and others. On the basis of geography, the capnography equipment market is segmented into North America (US, Canada, and Mexico), Europe (UK, Germany, France, Italy, Spain, and the Rest of Europe), Asia Pacific (China, Japan, India, Australia, South Korea, and Rest of Asia Pacific), the Middle East & Africa (UAE, Saudi Arabia, Africa, and Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and Rest of South & Central America).

Company Profiles

• Medtronic
• Koninklijke Philips N.V.
• General Electric Company
• Dragerwerk AG & Co. KGaA
• Nihon Kohden Corporation
• Hill Rom Holding Inc. (Baxter)
• Masimo
• SCHILLER Americas Inc.
• ICU MEDICAL Inc.
• BD