Capnography Devices Market To Create Business Opportunities Prevalence Of Respiratory Diseases

Capnography Devices Industry Overview

The global capnography devices market size is expected to reach USD 1.31 billion by 2030, registering a CAGR of 9.9% over the forecast period, according to a new report by Grand View Research, Inc. The introduction of regulatory guidelines for procedural sedation and the growing adoption of capnography inpatient monitoring due to higher reliability & efficiency are anticipated to propel the market growth over the forecast period. In addition, associated advantages, such as ease of usage, minimally invasive nature, and medical efficiency, are also driving the product demand, thereby supporting market growth. Moreover, rising cases of respiratory diseases needing continuous patient monitoring are expected to fuel the product demand in the coming years.

Capnography Devices Market Segmentation

Grand View Research has segmented the global capnography devices market on the basis of component, application, product, technology, end use, and region:

Based on the Component Insights, the market is segmented into OEM Modules, Others.

• OEM modules are mainly helpful in noninvasive patient monitoring, which drives their adoption.

• In addition, OEM modules are directly sold to end users-who seek replacement of certain components in a capnography device-through distributors, which accounts for its sizeable share.

• Moreover, as opposed to conventional OEM integrations, certain companies outsource or allow third-party developers to create OEM modules under the same brand name, to meet the growing market demand and reduce the overall associated costs.

• Increasing OEM partnerships has expanded the market, thereby fueling overall growth. This segment is further divided into sources, infrared sources, and others.

• The others segment accounted for the maximum revenue share of more than 57% in 2021.

• Other components of capnography devices include sampling lines, sensors & airway adapters, anesthetic breathing circuits, cuvettes, cannula, luer connectors, etc.

• Sampling line is one of the major components, as accuracy of end-tidal CO2 measurement and quality of waveforms are highly dependent on sampling lines.

Based on the Product Insights, the market is segmented into Handheld, Standalone, Multiparameter.

• The handheld product segment accounted for the largest revenue share of over 60% in 2021 as a result of increasing adoption due to the associated benefits of handheld capnography.

• Some of the benefits include high portability, facilitation of required oxygen saturation levels in operative procedures, high durability, and low associated costs.

• Moreover, newly developed hand-held devices come with a visual and audible alarm and sidestream technology. Thus, such advantages offered by hand-held devices are likely to promote the preference for these instruments.

• Multi-parameter products are expected to grow with the fastest CAGR during the forecast period. This growth is credited to their increasing applications in emergency medicines and procedural sedation.

• Furthermore, advancements in capnography inclusive of miniaturization of sensors and incorporation of multi-sensors in a single device to enable simultaneous monitoring of multi-gasses have resulted in easy & faster sample collection and long-term deployment.

• The aforementioned factors are anticipated to propel the demand for multiparameter instruments during the forecast period.

Based on the Technology Insights, the market is segmented into Mainstream, Sidestream, Microstream.

• The side stream technology segment accounted for the largest revenue share of more than 53% of the global market in 2021.

• This high growth was attributed to the wide usage of the side stream technology in anesthesia monitoring.

• The side stream technology-enabled devices offer a number of benefits. Some of these benefits include ease of connection and fewer problems in sterilization.

• The micro stream technology segment is expected to register the fastest growth rate over the forecast period on account of the rising penetration of these products as a result of technological advancements in this field.

• In addition, micro stream technology can be used in intubated as well as non-intubated patients and patients of all age groups.

Based on the Application Insights, the market is segmented into Emergency Medicine, Pain Medicine, Procedural Sedation, Critical Care, Others.

• The emergency medicine application segment accounted for the maximum revenue share of more than 23% of the global market in 2021.

• Applications for capnography devices include emergency medicine, pain management, procedural sedation, critical care, and others.

• Capnographs are widely used in emergency medicine to optimize prehospital ventilation & handle pediatric emergencies, in ambulatory care centers, and as a prognostic indicator for pulmonary blood flow.

• Moreover, evolving guidelines and recommendations to include capnography in emergency medicine by the American Heart Association (AHA) and the European Resuscitation Council to improve patients’ odds of survival are fueling the demand for capnographs in this segment.

Based on the End-use Insights, the market is segmented into Hospitals, Ambulatory Care Centers, Others.

• The hospitals segment accounted for the largest revenue share of more than 58% of the global market in 2021. The product is used as a preventive measure to tackle critical events in ICUs.

• The adoption of capnography procedures is high in hospital settings on account of their ease of usage, minimally invasive nature, and enhanced capabilities for calculating patient ventilators measurement.

• This is mainly on account of the rising incidences of cardiac arrest, which, in turn,is projected to create the need for effective patient monitoring.

• Moreover, organizations, such as the American Society of Anesthesiologists and the Uruguayan Society of Anesthesiologists, recommended capnography monitoring during anesthetics & procedural sedation.

• The high influence of the U.S. healthcare system on the global healthcare industry has further augmented the segment growth.

Capnography Devices Regional Outlook

• North America

• Europe

• Asia Pacific

• Latin America

• Middle East & Africa (MEA)

Key Companies Profile & Market Share Insights

Vendors are investing in product launches, geographical expansions, collaborative agreements, and acquisitions to sustain themselves in the market. The market is expected to become highly competitive as many startups are seeking opportunities in this sector.

Some prominent players in the global capnography devices market include:

• Masimo

• Smiths Medical

• Dragerwerk AG & Co. KGaA

• Welch Allyn (Hill-Rom Holdings, Inc.)

• Koninklijke Philips N.V.

• Medtronic

• Nonin Medical, Inc.

• Nihon Kohden Corp.

• BD

• Diamedica (U.K.) Ltd.

• Edan Instruments, Inc.

Order a free sample PDF of the Capnography Devices Market Intelligence Study, published by Grand View Research.