Capnography Devices Market by Technology and Geography - Forecast and Analysis 2021-2025

The capnography devices market share is expected to increase by USD 441.47 million from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 12.51%.

This capnography devices market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers capnography devices market segmentations by technology (sidestream capnography, mainstream capnography, and microstream capnography) and geographic (North America, Europe, and Asia). The capnography devices market report also offers information on several market vendors, including Becton, Dickinson and Co., Drägerwerk AG & Co. KGaA, Hillrom, Koninklijke Philips NV, Masimo Corp., Medtronic Plc, Nihon Kohden Corp., Nonin Medical Inc., SCHILLER AG, and Shenzhen Mindray Bio-Medical Electronics Co. Ltd. among others.

What will the Capnography Devices Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Capnography Devices Market Size for the Forecast Period and Other Important Statistics

 

Capnography Devices Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The increasing prevalence of respiratory diseases is notably driving the capnography devices market growth, although factors such as limitations associated with capnography may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the capnography devices industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Capnography Devices Market Driver

One of the key factors driving the capnography devices market growth is the increasing prevalence of respiratory diseases such as COPD and asthma, is increasing. For instance, according to the CDC, 3.4% of the total population in the US had chronic bronchitis in 2018. According to Eurostat, respiratory diseases accounted for 7.5% of all deaths in the EU-27 in 2017. Within the EU-28, approximately 5.9% of the adult population reported that they have asthma. The prevalence of asthma is increasing rapidly in low and middle-income countries, especially in Asia. In 2018, approximately 8%-10% of the total population in India had asthma. According to the CDC, around 7.6% of US adults aged 18 and over had asthma in 2018. Moreover, the prevalence of respiratory diseases, such as asthma and COPD, is specifically high in the geriatric population as the strength of respiratory muscles declines with age. The risks associated with respiratory disorders, such as diabetes, smoking, and obesity, are also on the rise. Hence, the rising prevalence of respiratory diseases increases the demand for capnography, which, in turn, is expected to drive market growth during the forecast period.

Key Capnography Devices Market Trend

Increasing application of capnography are the major trend influencing the capnography devices market growth. Capnography is generally considered as a standard procedure for the determination of correct endotracheal tube placement and ventilatory monitoring in surgical and intensive care patients. However, capnography is being increasingly used for other emergency medicine and military applications as well. Monitoring of cardiopulmonary resuscitation (CPR) quality and detection of return of spontaneous circulation (ROSC) are some of the common applications of capnography in emergency medicine. The application of capnography expanded from manual ventilation and CPR to application in spontaneously breathing patients in every clinical setting. Also, clinical education, sensor robustness, ease of use, and miniaturization have made waveform capnography an essential part of patient care. Moreover, military evacuations have identified the need for an improved, comprehensive physiological monitor. The continuous measurement of SpO2 and etCO2 via capnography has become the new standard for critically ill patients during aeromedical evacuation. Hence, the increasing applications of capnography are expected to positively impact the market during the forecast period.

Key Capnography Devices Market Challenge

Limitations associated with capnography is one of the key challenges hindering the capnography devices market growth. The low tidal volume and the high respiratory rate in newborns with stiff lungs require fast response times in mainstream capnography and low suction flow in sidestream capnography. If these technical requirements are not fulfilled, the measurements can be misleading. Some of the other issues associated with the use of capnography include moisture accumulation in the sensor cell and sample lines and moisture interference in the infrared analysis used for CO2 monitoring. During capnography, the water vapor appears on the scale in the same area as the CO2 peak, which may lead to difficulty in readability and interpretational inaccuracy. Also, condensation in the sample reaches the analyzer and results in irreparable harm to the sensors and makes the equipment unusable. This issue originates when the fully saturated breath sample is brought to the analyzer at cold room temperature. Hence, the limitations associated with capnography are expected to hinder the growth of the global capnography devices market during the forecast period.

This capnography devices market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global capnography devices market as a part of the global healthcare equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the capnography devices market during the forecast period.

Who are the Major Capnography Devices Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• Becton, Dickinson and Co.
• Drägerwerk AG & Co. KGaA
• Hillrom
• Koninklijke Philips NV
• Masimo Corp.
• Medtronic Plc
• Nihon Kohden Corp.
• Nonin Medical Inc.
• SCHILLER AG
• Shenzhen Mindray Bio-Medical Electronics Co. Ltd.

 

This statistical study of the capnography devices market encompasses successful business strategies deployed by the key vendors. The capnography devices market is concentrated and the vendors are deploying growth strategies such as organic and inorganic strategies to compete in the market.

Product Insights and News

• Drägerwerk AG & Co. KGaA - The company offers a range of CO2 monitoring accessories including reusable and disposable CO2 cuvettes, and mainstream CO2 sensors.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The capnography devices market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Capnography Devices Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the capnography devices market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Capnography Devices Market?

For more insights on the market share of various regions Request for a FREE sample now!

45% of the market's growth will originate from North America during the forecast period. US is the key markets for capnography devices in North America. Market growth in this region will be slower than the growth of the market in other regions.

Owing to the high prevalence of respiratory diseases, well-established healthcare infrastructure, favorable regulations and guidelines recommending the use of capnography, and the presence of key vendors will facilitate the capnography devices market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the outbreak of COVID-19 in North America surged the demand for capnography devices. As of March 23, 2021, around 30.58 million COVID-19 cases were registered in the US. Canada and Mexico are also witnessing a surge in the number of cases. This has propelled the demand for capnography systems in critical care units that are treating COVID-19 patients on ventilators with prescribed supplemental oxygen. Although the advent of COVID-19 vaccination is expected to reduce the number of COVID-19 cases in the region by the end of 2021, the demand for capnography devices will continue to grow during the forecast period, owing to the rising number of chronic respiratory diseases in the region.

What are the Revenue-generating Technology Segments in the Capnography Devices Market?

To gain further insights on the market contribution of various segments Request for a FREE sample

The capnography devices market share growth by the sidestream capnography will be significant during the forecast period. This segment held the largest market share among the technologies in 2020 and is expected to demonstrate rapid growth during the forecast period, owing to the high penetration of this technology as well as its wide application in anesthesia monitoring.

Besides the above-mentioned factors, the post COVID-19 impact has brought forth a slowdown in or fast tracked the demand for the service or product. This report provides an accurate prediction of the contribution of all the segments to the growth of the capnography devices market size and actionable market insights on post COVID-19 impact on each segment.

 

Capnography Devices Market Scope
Report Coverage	Details
Page number	120
Base year	2020
Forecast period	2021-2025
Growth momentum & CAGR	Accelerate at a CAGR of 12.51%
Market growth 2021-2025	$ 441.47 million
Market structure	Concentrated
YoY growth (%)	12.20
Regional analysis	North America, Europe, and Asia
Performing market contribution	North America at 45%
Key consumer countries	US, Germany, France, and Japan
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Becton, Dickinson and Co., Drägerwerk AG & Co. KGaA, Hillrom, Koninklijke Philips NV, Masimo Corp., Medtronic Plc, Nihon Kohden Corp., Nonin Medical Inc., SCHILLER AG, and Shenzhen Mindray Bio-Medical Electronics Co. Ltd.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Request for a FREE sample

What are the Key Data Covered in this Capnography Devices Market Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive capnography devices market growth during the next five years
• Precise estimation of the capnography devices market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the capnography devices industry across North America, Europe, and Asia
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of capnography devices market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch