Vantage Market Research
Dec 21, 2024
According to analysts at Vantage Market Research, the Global Capnography Equipment Market size is worth USD 390.1 Million in 2024 and is projected to reach USD 649.7 Million by 2035, growing at a CAGR (Compound Annual Growth Rate) of 4.75% from 2024 to 2035. Key trends of market include the growing adoption in surgeries and emergency care, technological advancements, increasing respiratory disease prevalence, rising awareness of patient monitoring, and expanding applications in neonatal care.
Market Overview
Capnography equipment plays a vital role in medical environments by measuring the concentration of carbon dioxide (CO2) in exhaled breath. It is essential during anesthesia to monitor ventilation, particularly in critical care units and emergency departments, to evaluate a patient's respiratory condition. Additionally, capnography helps identify respiratory problems like airway obstruction, respiratory depression, and the effectiveness of cardiopulmonary resuscitation (CPR). With ongoing technological advancements, capnography devices are becoming more accurate, portable, and better integrated with other monitoring systems, expanding their use in a wide range of medical situations.
The growing prevalence of respiratory conditions, and support from government initiatives, technological advancements are expected to drive market growth during the forecast period. The increasing use of capnography for managing respiratory diseases, due to its high reliability and effectiveness, is projected to improve the clinical performance of these devices in patient monitoring. For example, in 2022, 4.6% of adults were diagnosed with COPD, emphysema, or chronic bronchitis at some point in their lives. Additionally, 4.2% of office-based physician visits had COPD documented in medical records, and approximately 791,000 emergency department visits were primarily due to COPD.
ICU Medical Acquires Smiths Medical to Broaden Product Portfolio
- In January 2022, ICU Medical Inc. completed the acquisition of Smiths Medical from Smiths Group plc, thereby integrating a broad portfolio of products, including syringes, vascular access devices, ambulatory infusion systems, and vital care solutions
Key Takeaways from the Report
- North America dominated the market with 35.2% share in 2024. Market is driven by rising incidence of respiratory diseases, unhealthy lifestyles and high stress levels
- In 2024, based on the Product Type, the Capnography accessories & disposables category accounted for significant market share of 53.2%. The segment growth is attributed to the increasing adoption of capnography equipment, and recommendations for its use in patient monitoring
- Based on the Technology, the Mainstream Capnography category accounted for significant market share of 65.5% in 2024
- By Application, Cardiac surgeries segment dominate the market in 2024 with significant market share of 39.5%. The market is driven by increasing regulatory recommendations for capnography use during cardiac surgeries
- In 2024, Hospital’s segment held the largest share of 80.5% in the Capnography equipment market. The market is driven by evolving guidelines for capnography use and the rising incidence of chronic disorders
Top Companies
- Becton, Dickinson, and Company
- Drägerwerk AG & Co. KGaA
- Edan Instruments, Inc.
- ZOLL Medical (Asahi Kasei)
- GE Healthcare
- Hamilton Medical
- Welch Allyn (a Hill-Rom company)
- Koninklijke Philips N.V.
- Masimo Corporation
- Medtronic plc
- Mindray Medical
- Nihon Kohden
- Nonin Medical Inc.
- Schiller, Smiths Medical
Report Coverage
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Latest News
Philips and Masimo Expand Partnership to Enhance Global Telehealth
- In January 2023, Koninklijke Philips N.V. and Masimo strengthened their partnership to advance global telehealth initiatives. By leveraging cutting-edge technologies and solutions, their goal is to enhance healthcare delivery for both patients and healthcare providers, focusing on expanding remote patient monitoring and telehealth services worldwide