Capnography Devices Market Size - Global Industry, Share, Analysis, Trends and Forecast 2022 - 2030

The Global Capnography Devices Market Size accounted for USD 513 Million in 2021 and is estimated to achieve a market size of USD 1,134 Million By 2030 growing at a CAGR of 9.3% from 2022 to 2030. Clinical benefit of capnometers is primarily driving the capnography devices market revenue. In addition, evolving guidelines related to the clinical use of capnometers is one of the capnography devices market trends that is strengthening the industry growth.

Capnography Device Market Report Key Highlights

• Global capnography devices market revenue poised to garner USD 1,134 million by 2030 with a CAGR of 9.3% from 2022 to 2030
• Based on technology segment, sidestream technologies attained more than 50% of the total market share in 2021
• North America is the leading region with over 40% shares in 2021, whereas Asia-Pacific is likely to achieve a substantial growth rate from 2022 to 2030
• Becton, Dickinson and Company, General Electric, Masimo Corporation, Medtronic Plc., etc are some of the key players operating in the industry
• Masimo’s combined capnography and pulse oximetry product revenue grew from USD 829.9 million in 2018 to USD 1,239.2 million in 2021, representing a three-year CAGR of 14.3%
• Growing number of respiratory diseases fuels the global capnography device market

Capnography device is medical equipment that enables for the monitoring of CO2 levels in patients' breathing gases. Equipment for capnography is frequently utilized to keep anaesthetized patients under observation. It has been an essential tool in medical centers when patients undergo sedation-needed operations like surgery. Capnography monitoring offers healthcare professionals the chance to provide care earlier and swiftly decide how to respond, minimizing risk and saving time, money, and lives. Capnography monitoring also provides an early warning of respiratory impairment. In addition to that, the use of a capnography device can help to detect potentially dangerous respiratory events such as hypoventilation.

Global Capnography Devices Market Dynamics

Market Drivers

• Growing number of respiratory disorders
• Increasing development of portable capnography devices
• Surging demand for capnometers over oximetry
• Rising number of minimally invasive surgeries

Market Restraints

• Strict regulatory process for product approval
• High cost of capnometers
• Shortage of healthcare professionals

Market Opportunities

• Increased availability of clinical evidence to support capnography monitoring
• High growth potential in emerging markets

Capnography Devices Market Report Coverage

Growing demand for capnometers, an increase in the number of surgeries, particularly less invasive ones, and an ageing population are some of the main factors propelling the capnography devices market. Another thing driving the industry need is the increasing use of capnometers during laparoscopic surgery. For instance, capnometers can be used to modify ventilation since they act as a non-invasive PaCO2 sensor during CO2 insufflations. To find unintentional intravascular CO2 insufflations, it is examined. Additionally, it aids in the early diagnosis of CO2 insufflation problems such bleeding and pneumothorax. As a result, the demand for capnography monitors is expected to soar quickly throughout the projection period of 2022 to 2030.

Rising strict and ambiguous regulatory process for capnography devices is restricting the market growth. In addition, the shortage of medical professionals and high cost of these devices are also limiting the capnography equipment market. Furthermore, increased availability of clinical evidence and recent technological advancements in the industry are the two major reasons that are expected to generate numerous growth opportunities for the market in the coming years. Finally, the capnography monitoring equipment gained significant traction on account of the COVID-19 pandemic to monitor continuous rate of oxygen, CO2, and other vital stats.

Capnography Devices Market Segmentation

The worldwide capnography devices market is split based on component, technology, product, application, end-use, and geography.

Capnography Devices Market By Component

• OEM Modules
  • Infrared Sources
  • Others
• Others

According to our capnography devices industry analysis, others sub-segment accumulated a significant share of the market in 2021. Anesthetic breathing circuits, cannulas, cuvettes, luer connections, sample lines, sensors, and airway adapters are covered under the other components. Among them, sampling lines are a critical component because they affect the quality of waveforms and the accuracy of end-tidal CO2. OEM modules, on the other hand, are one of the fastest-growing sub-segments because they are primarily useful in non-invasive patient monitoring.

Capnography Devices Market By Technology

• Mainstream
• Sidestream
• Microstream

Based on technology, the sidestream sub-segment dominated the market in 2021, accounting for more than half of the overall market share, and is expected to continue to do so in the future years. Capnography market size is being driven by the widespread use of this technique during anesthetic monitoring. Sidestream analyzers are also available in a number of setups, designed to monitor single gas CO2 capnography or to enable advanced anesthetic agent analysis and ventilation management. The mainstream technology accounted for a significant share during the projected years due to the utilization of miniaturized components and microprocessor technology to enable waveform capnography and multigas monitoring for emergency and long-term ventilation management.

Capnography Devices Market By Product

• Hand-Held
• Standalone
• Multi-Parameter

Based on product segment analysis, the hand-held sub-segment accumulated a sizable market share between 2022 and 2030. The accompanying benefits of hand-held capnography equipment are acknowledged for the increased demand in this segment. Hand-held device expansion is being fueled by advantages such as portability, decreased cost, greater durability, and the facilitation of required oxygen saturation levels in operating procedures. Furthermore, multi-parameter devices are expected to increase rapidly in the next years owing to their increasing applications in OTs and ICUs.

Capnography Devices Market By Application

• Critical Care
• Emergency Medicine
• Pain Management
• Procedural Sedation
• Others

In 2021, emergency medicine held a substantial capnography equipment market share. It is primarily utilised in the prehospital setting to confirm successful endotracheal intubation, but it could also be a useful sign of effective continued cardiopulmonary resuscitation (CPR). Capnography gives information about tissue perfusion and may assist in guiding fluid resuscitation in patients who have haemorrhaged. Capnography and capnographic procedures are therefore recommended by a number of national organisations, including the American Heart Association for validating endotracheal tube placement. As a result, the demand for emergency medicine in capnography devices is expected to grow in the coming future.

Capnography Devices Market By End-Use

• Hospitals
• Ambulatory Care
• Others

Hospitals accounted for a sizable portion of the capnography devices market in 2021 and are anticipated to continue to do so in the coming years. The segment revenue is being driven globally by improved hospital healthcare infrastructure, an increase in the number of multispecialty hospitals, and an increase in the number of procedures for respiratory illnesses. Furthermore, benefits like as non-invasiveness and dependability in measuring ventilation will drive up demand for capnography equipment in hospitals.

Capnography Devices Market Regional Outlook

North America

• U.S.
• Canada

Europe

• U.K.
• Germany
• France
• Spain
• Rest of Europe

Latin America

• Mexico
• Brazil
• Rest of Latin America

Asia-Pacific

• India
• Japan
• China
• Australia
• South Korea
• Rest of Asia-Pacific

The Middle East & Africa (MEA)

• Gulf Cooperation Council (GCC)
• South Africa
• Rest of the Middle East & Africa