Capnography Devices Market Size and Share Analysis with Growth and Trends | P&S Intelligence

In 2018, the global capnography devices market reached a value of $365.6 million and is expected to grow at a CAGR of 4.4% during the forecast period (2019–2025). Various factors responsible for the growth of the market are the increasing government initiatives, technological advancements in capnography devices, and the growing prevalence of respiratory diseases.

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On the basis of product, the capnography devices market is categorized into multi-parameter, hand-held, and stand-alone. Out of these, the hand-held dominated the market during the historical period (2014–2018), in terms of value. This was because these devices are easy to use and offer point-of-care feature for patient’s comfort. Moreover, these devices can be used in several healthcare settings such as hospitals, operating rooms, and clinics. Due to these reasons, the category is further predicted to account for the major share of the market, holding over 60.0% share by 2025.

The capnography devices market is divided into procedural sedation, pain management, emergency medicine, critical care, and others (which include military, dentistry, ventilation support, and general care floor), based on application. Among these, the application of emergency medicine accounted for the major revenue share of the market during the historical period, holding 27.3% share in 2018. The reason for this was that with the use of these devices, patients in the emergency department are sedated safely. This division is further predicted to retain its position during the forecast period.

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Another factor leading to the growth of the capnography devices market are the technological advancements related to these devices. The incorporation of miniaturized mainstream multi-gas monitors, photo detectors and molecular correlation spectroscopy in micro stream capnographs are some of the advancements. Attributing to these advancements, the capnography devices are enabled with high safety levels and accuracy, along with having adjustable flow rate, which further facilitates the retrieval of large sample volume and prevents moisture contamination. Other benefits of advanced capnography devices include long-term efficiency, better optimization of post-operative outcomes, and improved overall efficiency.

Hence, technological advancements, rising implementation of rules and regulation by governments, and increasing prevalence of respiratory diseases are driving the market.

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