• Sat. Jan 23rd, 2021

Capnography Device market Share, Size 2021-2025: Analyzed by Business Growth, Development Factors, Applications, and Future Prospects|

REPORT HIGHLIGHT

The capnography devices market is estimated to represent a global market of USD 1.52 billion by 2025 with growth rate of 18.9%. Capnography device provides critical monitoring of patient’s health such as respiratory rate, concentration of CO2 partial pressure in exhalation and others. Capnography device emerged as a staple technology as standard of care for emergency patients. This device become an expectation for moderate to heavy sedation owing to its benefits in a wide range of medical conditions. Thereby, many government organizations have recommended the use of capnographies in hospitals, clinics or in critical care settings. For example, in 2010, the American Heart Association (AHA) started recommending the use of capnography devices to verify endotracheal tubes placements in triage for acute coronary syndrome patients. Similarly, in October 2010, the American Society of Anesthesiologists amended their standards for Basic Anesthetic Monitoring that recommend the utilization of capnography in moderate to deep sedation.

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More recently, the 2014 mandate of the American Association for Accreditation of Ambulatory Surgery Facilities includes the use of CO2 capnography to confirm correct endotracheal tube placements. There is a simple reason capnography become the vital tool for patient safety as it offers an immediate alarming for lifethreatening breathing condition during sedation. Above mentioned statements indicates that the use of capnography will increase at rapid pace in future period hence drives the overall market growth.

For reimbursement, it is mandatory to use capnography for laparoscopic surgeries for successful reimbursement approval. This will further boost the usage of this device hence augments the market growth.Capnography also has the added potential of providing noninvasive measurement of physiological dead space, total carbon dioxide production and cardia output which further expand the application of capnography devices, leading to drive market growth.

Although capnography device has become as an integral part of patient safety in medical conditions, its value has been limited to primarily emergency situations only and is not well appreciated beyond these confinements. Also, many research studies indicates that pulse oximeters are way cost effective compared to the capnography devices. Due to this fact, the sale of pulse oximeter remains high in developing regions such as Asia Pacific and Middle East and North Africa compared to its counterparts. This fact would in turn limit the uptake of capnography, restraining the market growth.

The global market studied in terms of different capnography components, capnography types, technology, application and end users. The component segment covers the study for OEM modules, thermal sources, and others. OEM modules dominated (i.e. 45-50% share) the global revenue with the primarily use of infrared sources in capnography devices.

Product segment is categorized as hand-held, stand-alone and multi-parameter. Hand-held segment recorded highest revenue, accounted for USD 148.5 million in 2016. Treatment compliance along with easy assessment by physicians support the product demand. In terms of technology, mainstream and sidestream collectively achieved more than 80% share of the global market.

Emergency medicine application dominated the global market revenue owing to the high demand of capnography devices in this application area. Further, procedural sedation and critical care application also considered to grow at significant rate during the future period. In terms of end use, hospital is considered to capture large revenue share with the support of technological advancents.

Developed regions like North America and Europe collectively captured more than 80% share of the global market. Rising research and development activities, increasing demand coupled with increasing number of critical care setting drive the market growth. Developing regions such as Asia Pacific, Latin America and Middle East Africa seen as a potential market for the overall growth. Key companies are looking to expand their presence in these regions to capture untapped opportunities which support the market growth. For instance, in January 2015, Viamed, an online medical and automotive product supplier launched new capnography monitor in Middle East countries. Expansion of companies in these emerging market will surely boost the market growth to great extent.

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Companies such as Smiths Medical, Diamedica, Masimo Corporation, Welch Allyn, Medtronic, Nonin Medical, Nihon Kohden,and others have significant presence in this market. The market is highly competitive in nature and key companies are strongly engaged in research and development activities, new product development, merger and acquisition to enhance their market share.

The market size and forecast for each segment has been provided for the period 2014 to 2025, considering 2015 as the base year. The report also provides the compounded annual growth rate (% CAGR) for the forecast period 2016 to 2025 for every reported segment.

The years considered for the study are:

Historical Year – 2014 & 2015

Base Year – 2015

Estimated Year – 2016

Projected Year – 2025

TARGET AUDIENCE

Hospitals

Manufacturers

Traders, Distributors, And Suppliers

Government and Regional Agencies and Research Organizations

Consultants

Distributors

SCOPE OF THE REPORT

The scope of this report covers the market by its major segments, which include as follows:

MARKET,BY COMPOENTS

OEM Modules

Thermal Sources

MARKET, BY PRODUCTS

Hand-held

Stand-alone

Multi-parameter

MARKET, BY TECHNOLOGY

Main stream

Side stream

Microstream

MARKET, BY APPLICATION

Emergency Medicine

Procedural Sedation

Critical care

Others

MARKET, BY END USE

Hospitals

Others

MARKET, BY REGION

North America

Europe

Asia Pacific

Rest of the World

MARKET, BY COUNTRY

Further Breakdown of The North America Market

U.S.

Canada

Further Breakdown of The Europe Market

Germany

France

Rest of Europe

Further Breakdown of The APAC Market

India

China

Rest of APAC

Further Breakdown of The Rest of the World Market

Middle East and Africa

Latin America

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