Europe Capnography Equipment Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Product Type (Capnography Accessories & Disposables and Capnometers), Technology (Mainstream Capnography, Sidestream Capnography, and Microstream Capnography), Application (Cardiac Care, Trauma and Emergency Care, Procedural Sedation, Respiratory Monitoring, and Other Applications), and End User (Hospitals, Ambulatory Surgical Center, Home Care Settings, and Others)
The capnography equipment market in Europe is expected to grow from US$ 136.42 million in 2022 to US$ 206.89 million by 2028. It is estimated to grow at a CAGR of 7.2% from 2022 to 2028.
Clinical Benefits of Capnography Equipment over Pulse Oximetry Fuel Growth of Capnography Equipment Market in Europe
Pulse oximetry is a technique used to measure the oxygen level/saturation of the blood. The oxygen level is detected with the use of infrared and red light to determine the extent of oxygenation of hemoglobin. On the other hand, in capnography, CO2 absorbs infrared radiation, and thus, the procedure involves the passage of infrared radiation over a gas sample collected from exhalation. In many cases, oxygen levels in the blood can remain normal for several minutes after a patient stops breathing. Therefore, pulse oximetry can provide false positive results of the presence of oxygen in the blood. As capnography detects the CO2 present in the body, the detection is more accurate than pulse oximetry. The equipment can read every phase of the respiratory cycle, thereby providing more in-depth readings than those offered by pulse oximetry monitors. The ability of capnography machines to provide robust data sets makes it easier for healthcare providers to diagnose the root causes of respiratory problems. The capnograph wavelength displays the entire breathing cycle, making it easier to track exact symptoms. Capnography is used to understand how a patient is responding to treatment as they can display the ongoing data in real time. They can also be used to determine when a patient should be ventilated, in case of a patient progressing to respiratory failure. Pulse oximetry cannot detect respiratory conditions as they do not provide any data in real time. This, the advantages of capnography equipment over pulse oximetry are fueling the growth of the capnography equipment market in Europe.
Market Overview
The capnography equipment market in Europe is segmented into Germany, the UK, France, Italy, Spain, and the Rest of Europe. Europe holds a significant share in the global market and is estimated to register a robust growth rate during the forecast period. The market growth in the region is driven by the growing research in life science and increasing investments in research & development. As per the Journal of Health Monitoring, alongside acute respiratory infections (ARI), chronic lung diseases—including lung cancer, chronic obstructive pulmonary disease (COPD), and asthma—are of socioeconomic importance in Germany. Moreover, in 2015, deaths of 29,378 men and 15,881 women from lung cancer and deaths of 17,300 men and 13,773 women from COPD were reported. According to Statistisches Bundesamt, Germany reported ~75,500 deaths from smoking-specific illnesses in 2020; 46,100 of these cases were due to lung, bronchial, laryngeal, and tracheal cancer and 29,400 due to COPD. According to the latest WHO data published in 2020, Lung Disease Deaths in Germany reached 42,797 or 6.11% of total deaths. Lung diseases require continuous monitoring of oxygen (CO2) levels. Therefore, the increasing mortality due to these diseases fuels the growth of the capnography market in Germany.
Europe Capnography Equipment Market Revenue and Forecast to 2028 (US$ Million)
Europe Capnography Equipment Market Segmentation
The Europe capnography equipment market is segmented into product type, technology, application, end user and country. Based on product type, the market is segmented into capnometer and capnography accessories & disposables. The capnography accessories & disposables segment registered a larger market share in 2022.
Based on technology, the Europe capnography equipment market is segmented into mainstream capnography, sidestream capnography, and microstream capnography. The mainstream capnography segment registered the largest market share in 2022. Based on application, the Europe capnography equipment market is segmented into cardiac care, trauma and emergency care, procedural sedation, respiratory monitoring, and others. The cardiac care segment registered the largest market share in 2022. Based on end user, the Europe capnography equipment market is segmented into hospitals, ambulatory surgery center, home care settings, and others. The hospitals segment registered the largest market share in 2022. Based on country, the market is segmented into Germany, the UK, France, Italy, Spain, and the Rest of Europe. Germany dominated the market share in 2022. BD, Dragerwerk AG & Co. KGaA, General Electric Company, Hill Rom Holding Inc. (Baxter), ICU Medical Inc., Koninklijke Philips N.V., Masimo, Medtronic, Nihon Kohden Corporation, and SCHILLER Americas Inc. are among the leading companies operating in the capnography equipment market in the region.
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