Capnography Equipment Market , by Product (Stand-alone, Handheld) , by Technology (Mainstream, Side stream), by Application (Cardiac Care, Trauma, Emergency Care), by End User (Hospitals, Ambulatory Care, Others) : Global Opportunity Analysis and Industry Forecast, 2024-2033

Key Market Dynamics

According to capnography equipment market forecast analysis the key factors driving the growth of the market are increasing prevalence of respiratory disease, rise in adoption of capnography equipment, and technological advancement. Chronic respiratory conditions, such as chronic obstructive pulmonary disease (COPD) , asthma, and sleep apnea, are becoming increasingly common globally due to factors like aging populations, pollution, smoking, and lifestyle changes. These conditions necessitate continuous monitoring of patients' respiratory status to manage the disease effectively and prevent complications. Capnography equipment, which measures the concentration of carbon dioxide in exhaled air, is crucial for providing real-time insights into a patient's respiratory function. This technology aids in early detection of respiratory distress, ensuring timely intervention and improving patient outcomes. As healthcare systems prioritize the management of chronic respiratory diseases and the demand for efficient, non-invasive monitoring solutions grows, the adoption of capnography equipment is expected to increase, further propelling market expansion. Thus, the rise in prevalence of respiratory diseases and surge in adoption of the capnography equipment is expected to drive the capnography equipment market growth.

Prevalence of COPD, By Age, 2022

According to the capnography equipment market trends analysis the market is significantly influenced by the prevalence of conditions requiring respiratory monitoring across different age groups. The data indicates a clear trend of increasing prevalence with age, starting from 0.50% in the 0-14 age group and rising sharply to 7.00% in individuals aged 65 and above. This rising prevalence among older adults is particularly impactful, as it suggests a growing demand for capnography equipment in managing respiratory conditions in the aging population. As the global population continues to age, the demand for reliable and effective respiratory monitoring tools like capnography equipment is expected to rise. Thus, the rise in the demand of reliable and effective diagnosis equipment for respiratory disease is expected to drive the growth of capnography equipment market size.

Market Segmentation

The capnography equipment industry is segmented into product, technology, application, end user and region. By product, the market is divided into stand-alone and handheld. By technology, the market is divided into mainstream and side stream. As per application, the market is divided into cardiac care, trauma, and emergency care. By end user, the market is divided into hospitals, ambulatory care, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. 

Regional/Country Market Outlook

North America dominated the capnography equipment market share owing to substantial research and development activities in capnography equipment, a strong presence of major key players, well-established healthcare industry, and growing adoption of capnography equipment. However, according to capnography equipment market opportunity analysis, Asia-Pacific region is expected to register significant growth in the forecast period owing to high prevalence of the respiratory diseases, developing healthcare infrastructure and favorable government initiatives.

• According to 2024 article by Australian Institute of Health and Welfare, around 8.5 million (34%) people in Australia were estimated to have chronic respiratory conditions.
• According to the 2023 European Respiratory Virus Surveillance Summary, approximately half of the countries in the region are experiencing higher levels of fever and cough, and some countries are reporting a sharp increase, including among young children.
• According to Global Asthma Report 2022, amongst India’s 1.36 billion people, about 35 million suffer from asthma.

Industry Trends

• According to American Lung Association, in 2022, 11.7 million people, or 4.6% of adults, reported a diagnosis of COPD (chronic obstructive pulmonary disease, chronic bronchitis, or emphysema.) According to capnography equipment market analysis the rise in theprevalence of COPD is expectd to drive the growth of the market.
• According to 2024 article by Asthma and Allergy Foundation of America, over 27 million people in the U.S. have asthma.
• According to 2022 article published by the National Library of Medicine, the prevalence of emphysema in the U.S. is approximately 14 million and is leading COPD disorder across the U.S.
• According to report of Lung Foundation—Australian Government 2022, the government has introduced National Strategic Action Plan for Air Quality with funding of $500, 000 million for improving air quality to eliminate lung diseases such as COPD

Competitive Landscape

The major players operating in the capnography equipment market include Koninklijke Philips N.V., Medtronic, Nonin Medical, Inc., Nihon Kohden Corp, Becton, Dickinson and Company, Diamedica Ltd., Edan Instruments, Inc., ZOLL Medical Corporation, Mindray Medical International Limited, and GE Healthcare. Other players in the capnography equipment market include Hamilton Medical, Schiller, and Avante.

Recent Development in the Capnography Equipment Industry

• In September 2022, Medtronic announced its plan to launch the RespArray patient monitor, incorporating Microstream capnography and Nellcor pulse oximetry. This cutting-edge monitoring solution utilizes intelligent algorithms to detect respiratory issues early on and alleviate alarm fatigue.
• In April 2021, Masimo announced that Radius PCG, a portable real-time capnograph with wireless Bluetooth connectivity, has received FDA 510 (k) clearance. Radius PCG connects with the Root Patient Monitoring and Connectivity Platform to provide seamless, tetherless mainstream capnography for patients of all ages. 

Key Sources Referred

1. National Library of Medicine
2. Global Asthma Report 2022
3. Australian Institute of Health and Welfare 
4. European Respiratory Virus Surveillance Summary
5. World Cancer Research Fund Organization
6. Asthma and Allergy Foundation of America
7. Centers for Disease Control and Prevention
8. American Lung Association

Key Benefits for Stakeholders

• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the capnography equipment market  analysis from 2024 to 2033 to identify the prevailing capnography equipment market  opportunities.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the capnography equipment market  segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global capnography equipment market  trends, key players, market segments, application areas, and market growth strategies.