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Capnography Devices Market Size, SWOT Analysis, Growth Statistics, Prominent Players Strategies And Forecast to 2030

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Capnography Devices Market Size, SWOT Analysis, Growth Statistics, Prominent Players Strategies And Forecast to 2030

December 16
20:45 2021
Capnography Devices Market Size, SWOT Analysis, Growth Statistics, Prominent Players Strategies And Forecast to 2030
Globally, North America was the largest contributor to the capnography devices market in 2020. This is mainly driven by high prevalence of respiratory medical conditions, presence of prominent market players offering capnography devices, improved healthcare infrastructure, and high awareness amongst healthcare professionals, in the region.

A number of factors, such as the increasing incidence of respiratory diseases, growing aging population, rising technological advancements in the medical devices industry, and surging government initiatives are expected to drive the capnography devices market at a CAGR of 5.7% during 2020–2030. According to P&S Intelligence, the market was valued at $422.1 million in 2020, and it is expected to generate $736.6 million revenue by 2030. In recent years, partnerships and acquisitions among players have become a key market trend.

One of the key growth drivers for the market is the growing prevalence of respiratory diseases, such as chronic obstructive pulmonary disease (COPD), pulmonary hypertension, and asthma. According to the World Health Organization (WHO), asthma affected approximately 262 million people and accounted for 461,000 fatalities globally in 2019. Furthermore, the WHO states that COPD was responsible for 3.23 million deaths in 2019. To manage such respiratory diseases, physicians and patients are increasingly adopting capnography devices.

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Another growth driver for the capnography devices market is the rising technological advancements in such medical devices. Recent technological advancements such as the incorporation of molecular correlation spectrography (MCS) and photo detectors in micro-stream capnography devices and the adoption of miniaturized main-stream multi-gas monitors help in enhancing the safety and accuracy levels in such devices. Additionally, these advancements aid these instruments in adjusting the flow rate, which facilitates the retrieval of large sample volumes and prevents moisture contamination.

Under the product segment, the capnography devices market categories are hand-held, multi-parameter, and stand-alone. Among these, the hand-held category generated the highest revenue during the historical period (2015–2020), and it is expected to continue this trend throughout the forecast period due to the small size, portability, and smooth use offered by hand-held devices. Whereas, the multi-parameter category is expected to demonstrate the fastest growth during the forecast period, as multi-parameter capnography devices can be easily integrated into patient monitoring systems to detect various parameters of patients.

Geographically, North America accounted for the largest share in the capnography devices market in 2020. This was due to the strong presence of eminent market players, high prevalence of respiratory ailments, existence of developed healthcare infrastructure, and extensive knowledge about capnography among the healthcare professionals in the region. For instance, the U.S. Centers for Disease Control and Prevention (CDC) estimates that nearly 4.6% of adults in the country are living with emphysema, COPD, or chronic bronchitis.

Browse detailed report on Capnography Devices Market Trends, Business Strategies, Regional Outlook, Challenges and Analysis Through 2030

The Asia-Pacific (APAC) capnography devices market is projected to display the fastest growth during the forecast period. This will be on account of the increasing cases of respiratory disorders, booming demand for advanced respiratory monitoring systems, surging incidence of preterm births, and mounting number of government initiatives. For instance, the Australian Bureau of Statistics (ABS) estimates that chronic respiratory illnesses affected around 31% of the Australians in 2018. As per the ABS, asthma and chronic sinusitis affected around 2.7 million and 2.0 million people in Australia, respectively, in 2018.

Therefore, the surging incidence of respiratory diseases and rising technological advancements in capnography devices will facilitate the market growth.

Market Size Breakdown by Segments

By Product

  • Hand-Held
  • Stand-Alone
  • Multi-Parameter

By Technology

  • Side-Stream
  • Main-Stream
  • Micro-Stream

By Component

  • Original Equipment Manufacturer (OEM) Modules
    • Infrared sensors

By Application

  • Emergency Medicine
  • Critical Care
  • Procedural Sedation
  • Pain Management

By End User

  • Hospitals
  • Ambulatory Care Centers (ACCs)

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia
  • Latin America
    • Brazil
    • Mexico
  • Middle East and Africa
    • South Africa
    • Saudi Arabia
    • U.A.E.

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