Capnography Devices Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2030

Published Date : Apr 2021 | No. of Pages : 250 Pages | Category : Healthcare

The global Capnography Devices market size is expected to be worth around US$ 2.1 billion by 2030, according to a new report by Vision Research Reports.

The global Capnography Devices market size was valued at US$ 610.7 Million in 2020 and is anticipated to grow at a CAGR of 10.7% during forecast period 2021 to 2030.

Growth Factors

Introduction of regulatory guidelines for procedural sedation and growing adoption of capnography in patient monitoring due to higher reliability and efficiency are anticipated to propel market growth over the forecast period. In addition, associated advantages such as ease of usage, minimally invasive nature, and medical efficiency with its usage are the key growth drivers for the market. Moreover, rising incidences of respiratory diseases that need continuous patient monitoring are expected to fuel the demand for EtCO2 monitors in coming years.

The COVID-19 pandemic had a positive impact on the market as companies such as Medtronic witnessed increased demand for EtCO2 monitors during the pandemic. Some companies such as Capsule Technologies also received product approvals for their EtCO2 monitors during the pandemic, which further resulted in positive market growth.

The market is highly competitive in nature and a limited number of players have a high level of dominance over the overall revenue share. The key market players account for a considerable share owing to their product offerings. Market leaders are involved in the establishment of extensive distribution systems as well as increasingly involving in mergers and acquisitions to capture a larger share of the market. For instance, in January 2021, Koninklijke Philips N.V. announced the acquisition of Capsule Technologies, Inc., hence enhancing its position in the patient care management solutions for hospitals.

Report Highlights

The others segment dominated the market for capnography devices and accounted for the largest revenue share of more than 50.0% in 2020. The OEM modules segment is further bifurcated on the basis of sources, into infrared sources and others. Other sources include thermal sources, filter detectors, connectors, pumps, brushless motors, and connector reprogramming firmware.

The handheld product segment dominated the market for capnography devices and accounted for the largest revenue share of 60.6% in 2020 as a result of the increasing adoption rate due to the associated benefits of handheld capnographs. These majorly include high portability, facilitation of required oxygen saturation levels in operative procedures, high durability, and low associated costs.

Multiparameter products are expected to witness a lucrative CAGR of over 8.5% during the forecast period owing to their increasing applications in emergency medicines and procedural sedation. Furthermore, advancements in capnographs 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 and faster sample collection and long-term deployment. The aforementioned factors are anticipated to propel the demand for multiparameter capnographs during the forecast period.

The sidestream technology segment dominated the market for capnography devices and accounted for the largest revenue share of 53.2% in 2020 as a consequence of its wide usage in anesthesia monitoring. Sidestream technologically enabled devices offer benefits, such as ease-of-connection, fewer problems in sterilization, and help in monitoring of non-incubated substances with the help of nasal adapters. These factors are responsible for segment growth.

On the other hand, the microstream segment is expected to register lucrative growth owing to its rising penetration over the forecast period. Increasing penetration of these products can be attributed to technological advancements in this field, thus expanding opportunities for growth. In addition, microstream technology can be used in intubated as well as non-intubated patients and patients of all age groups.

The hospital segment dominated the market for capnography devices and held the largest revenue share of 58.5% in 2020. It is used as a preventive measure to tackle critical events in ICUs. The adoption of capnography procedures is increased in hospitals owing to their enhanced capabilities for calculating patient ventilators measurement, minimally invasive nature, and ease-of-usage. The industry is expected to register upward growth due to the rising incidences of cardiac arrest and thereby creating the need for effective patient monitoring during the forecast period.

Moreover, organizations such as the American Society of Anesthesiologists and the Uruguayan Society of Anesthesiologists recommended capnography monitoring during anesthetics and procedural sedation. These guidelines support the importance of capnography devices for hospital use. In addition, the high influence of the U.S. healthcare system on the global health care industry has further augmented segment growth.

The emergency medicine segment dominated the market for capnography devices and accounted for the largest revenue share of 23.8% in 2020. Capnography is used in a pre-hospital emergency setting to ensure that endotracheal tubes are placed correctly. In addition, the device can provide the information required to monitor and adjust ventilation parameters much more sensitively and quickly. Other applications of capnography include emergency medicine, pain management, critical care, and others.

This device also has wide applications in the treatment of procedural sedation in dentistry and is thereby expected to witness a lucrative CAGR of 10.9% over the forecast period. It offers non-invasive, real-time, and continuous measurement by producing capnograms, which help in assessing the present status of a patient's circulatory and metabolic systems. These associated benefits are expected to increase the adoption of these devices, thereby providing growth to the market for capnography devices in the near future.

In 2020, North America dominated the market for capnography devices and held the largest revenue share of 43.3%. The rising prevalence of respiratory diseases as a consequence of unhealthy lifestyles and high-stress levels are the high impact rendering drivers for this industry. Furthermore, the incorporation of new reimbursement models for respiratory and monitoring solution procedures in this region and the stringent regulatory guidelines that are aimed towards medical efficacy, patients’ safety, and clinical efficiency are expected to drive the demand in the coming years.

In Asia Pacific, the capnography devices market is anticipated to witness significant growth over the forecast period owing to the expeditiously improving healthcare systems, rising healthcare expenditure, and increasing awareness levels pertaining to the adoption of capnography technology.

Key Players

  • Masimo

  • Smiths Medical, Inc.

  • Dragerwerk AG & Co. KGaA

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

  • Koninklijke Philips N.V.

  • Medtronic

  • Nonin Medical, Inc.

  • Nihon Kohden Corporation

  • BD

  • Diamedica (UK) Limited

  • Edan Instruments, Inc.

Market Segmentation

  • Component Outlook 

    • OEM Modules

      • Infrared Sources

      • Others

    • Others

  • Product Outlook 

    • Handheld

    • Standalone

    • Multiparameter

  • Technology Outlook 

    • Mainstream

    • Sidestream

    • Microstream

  • Application Outlook 

    • Emergency Medicine

    • Pain Management

    • Procedural Sedation

    • Critical Care

    • Others

  • End-use Outlook 

    • Hospitals

    • Ambulatory Care Centers

    • Others

  • Regional Outlook 

    • North America

      • U.S.

      • Canada

    • Europe

      • U.K.

      • Germany

      • France

      • Italy

      • Spain

      • Russia

    • Asia Pacific

      • Japan

      • China

      • India

      • Australia

    • Latin America

      • Brazil

      • Mexico

      • Argentina

    • Middle East & Africa

      • South Africa

      • Saudi Arabia

      • UAE

The Capnography Devices market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Capnography Devices market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Capnography Devices market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Capnography Devices market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Capnography Devices market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Capnography Devices capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Capnography Devices by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Capnography Devices market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Capnography Devices market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Capnography Devices market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Capnography Devices industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

The Capnography Devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Capnography Devices market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Capnography Devices market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Capnography Devices market. These factors have benefited the growth of the global market for Capnography Devices. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Capnography Devices. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Capnography Devices are as follows:

  • Historic Year: 2017-2020
  • Base Year: 2021
  • Forecast Year 2021 to 2030

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market

To strategically profile the key players and comprehensively analyze their growth strategies.

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