Capnography Equipment Market Analysis and Forecast till 2031: By Product Type (Capnometers, Accessories & Disposables), Technology (Mainstream, Sidestream, Microstream), Application (Cardiac Care, Trauma and Emergency Care, Respiratory Monitoring, Others), End User (Hospitals, Ambulatory Surgery Center and Home Care, Others), and Region
The global capnography equipment market was valued at 344.0 USD Million and it is anticipated to reach USD 530.3 Million by 2031, growing at a constant rate of 4.4% from 2022-2031.
Capnography equipment is conventionally used for cardiology surgeries for patients under deep sedation and anesthesia. Still, with the increasing number of target patients for critical applications such as trauma and emergency cases, the demand for portable/point-of-care capnography equipment is expected to increase. In line with this changing market trend, key market players are primarily focusing on developing portable/point-of-care or handheld capnography equipment that can be used for such applications that require easy device mobility and patient access.
Global Capnography Equipment Market Scope and StructureMarket Trends and Drivers
The key factors such as the development of portable/POC capnography devices. In the initial stages, healthcare professionals can identify potential breathing complications (like airway obstruction, hyperventilation, hypoventilation, or apnea) through ventilation monitoring or capnograph evaluation of target subjects. Real-time measurement of various respiratory parameters helps healthcare professionals decide on patient treatment options and enables timely intervention at the onset of an adverse respiratory event.
Market Restraints and Challenges
The major factor hindering the market growth is the stringent and ambiguous regulatory process for the approval of capnography equipment. Stringent (primarily in the US) and ambiguous regulatory guidelines are restraining the growth of the capnography medical devices market. In the US, it takes around three to seven years to prove the medical safety of any new device. As per the law, even a new size of a previously approved device needs to go through the entire process before commercialization. If a customized product/device is manufactured, the company must go through a long process in which every single part of the device has to be tested and approved separately. Simple capnography equipment receives FDA approval, but complex devices that need to comply with many FDA requirements are a hurdle for the convenience of capnography equipment on a large scale. There are also state legal requirements and manufacturing regulations to pose obstacles to the capnography equipment market.
Global Capnography Equipment Market Segmentation
The report analyses the global capnography equipment market based on product type, technology, application, end user, and region.
Global Capnography Equipment Market by Product Type
Based on product type, it is segmented into capnometers and capnography accessories & disposables. The capnometers segment is likely to dominate the market during the forecast period. The rising adoption of capnography equipment, recommendations for its use in patient monitoring, medical reimbursements for capnography equipment across developed countries, and the rising number of surgical procedures are boosting the growth of the market.
Global Capnography Equipment Market by Technology
Based on technology, it is segmented into the mainstream, Sidestream, and Microstream. The mainstream capnography segment is estimated to dominate the market during the forecast period. The advantages associated with mainstream capnography, like the ease of use and the ability to monitor breathing in intubated patients precisely, are likely to boost the growth of this market.
Global Capnography Equipment Market by Application
Based on application, it is segmented into cardiac surgeries, trauma & emergency care, respiratory monitoring, and others. The cardiac surgery segment is anticipated to dominate the market during the forecast period. The large share of this segment is attributed to the increasing regulatory guidelines recommending capnography for cardiac surgeries coupled with the rising number of cardiopulmonary surgeries performed across the globe.
Global Capnography Equipment Market by End User
Based on end user, it is segmented into hospitals, ambulatory surgery centers & home care, and others. Hospitals dominate the capnography equipment market during the forecast period. Factors such as evolving guidelines related to the use of capnography and the rising incidence of chronic disorders are likely to boost the demand for capnography equipment in hospital settings in the upcoming years.
Geographical Analysis of Global Capnography Equipment Market
Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. North America is estimated to dominate the market during the forecast period. This can be primarily attributed to the increase in government funding for the establishment of capnography equipment stations, stringent regulations which support the greater adoption of pollution monitoring technologies, and technological advancements in the field of environmental sensors.
Major Players in Global Capnography Equipment MarketCOVID-19 Analysis
Logistical issues, managing patients with the disease, prioritizing patients with comorbidities and pre-existing conditions, and protecting the public and hospital frontline workers from exposure to the COVID-19 infection are the major challenges faced by healthcare systems across the world. Many hospitals have implemented various isolation approaches to minimize the spread of the infection. The demand for capnometers and supporting capnography accessories saw substantial increases. While the shortage of medical products became a serious issue, it also led to increased demand; hence production rose almost tenfold.
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