This report aims to provide detailed insights into the global capnography
equipment market. It provides valuable information on the
type, procedure, application, and region in the market. Furthermore, the information
for these segments, by region, is also presented in this report. Leading
players in the market are profiled to study their product offerings and
understand the strategies undertaken by them to be competitive in this market.
Revenue
Growth Analysis:
[232 Pages Report] The global capnography equipment
market is expected to reach USD 436 million by 2027 from an estimated USD 334
million in 2021, at a CAGR of 4.6%
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Key Factors Driving Market Growth:
Market growth is mainly driven
by the development of portable/POC capnography devices, clinical benefits of
capnography equipment over pulse oximetry, and increasing number of surgeries.
In addition, healthcare industry in emerging countries are expected to offer
growth opportunities for players in the capnography equipment market.
Market Drivers:
Development of portable/POC capnography
devices
Capnography equipment is traditionally used for
cardiology surgeries for patients under deep sedation and anesthesia. However,
with the growing 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 increasingly 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. Examples of handheld
capnography equipment include Microcap Handheld Capnographs (Medtronic Plc),
Capnocheck II Hand-Held Capnograph/Oximeter/Carbon Dioxide Detector (Smiths
Group Plc), and EMMA Capnograph and EMMA Mainstream Capnometer (Masimo
Corporation).
Mainstream
capnography segment is estimated to register the highest growth rate in
the Capnography Equipment Market, by technology
Based on technology,
the market is segmented into mainstream, sidestream, and microstream. The
mainstream capnography segment accounted for 67.4% of the market in 2021. The
advantages associated with mainstream capnography, such as ease of use and the
ability to monitor breathing in intubated patients accurately, are expected to
drive the growth of this market segment during the study period.
The Cardiac Surgeries segment, by
application, accounted for the largest share of the global capnography
equipment market in 2021
Based on application, the capnography equipment
market is segmented into cardiac surgeries, trauma & emergency care,
respiratory monitoring, and other applications. In 2021, the cardiac surgeries
segment held 40.5% of the capnography equipment applications market. The large
share of this segment is attributed to the increasing regulatory guidelines
recommending capnography for cardiac surgeries and the rising number of
cardiopulmonary surgeries performed across the globe.
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Regional Growth Analysis:
North America accounted for the largest share
of 50.6% of the capnography equipment market, followed by Europe with a share
of 25.5%. On the other hand, the Asia Pacific market is estimated to register
the highest growth rate during the forecast period. This can primarily be
attributed to the increase in government funding for the establishment of
capnography equipment stations, stringent regulations that support the greater
adoption of pollution monitoring technologies, and technological advancements
in the field of environmental sensors.
Key Players:
Prominent players in the capnography equipment
market include ZOLL Medical (Asahi Kasei) (Japan), Becton, Dickinson, and
Company (US), Drägerwerk AG & Co. KGaA (Germany), Edan Instruments, Inc.
(China), GE Healthcare (US), Hamilton Medical (Switzerland), Welch Allyn (a
Hill-Rom company) (US), Koninklijke Philips N.V. (Netherlands), Masimo
Corporation (US), Medtronic plc (Ireland), Mindray Medical (US), Nihon Kohden
(Japan), Nonin Medical Inc.(US), Schiller (Switzerland) and Smiths Medical
(UK).
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