Capnography Equipment Market Analysis and Value Forecast Snapshot by End-use Industry 2020

Capnography is a monitoring tool used for examining the partial pressure or concentration of carbon dioxide in expiratory gases during sedation procedures, close monitoring in intensive care units and diagnosis of respiratory disease. Various standards and recommendations introduced by individual regulatory bodies favoring the use of capnography equipment across North America and Europe, and high prevalence of respiratory diseases are the major factors propelling growth of the capnography market globally. According to the World Health Organization (WHO), approximately 235 million people were suffering from asthma in 2013 globally. Moreover, an article published by Nature Middle East, a science news website featuring the Arab world understanding of science, stated that the incidences of asthma are likely to increase by 100 million. Rising incidences of respiratory diseases is increasing demand for innovative diagnostic methods; thereby leading to growth in demand for capnography equipment globally.

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Based on products, the global capnography equipment market has been categorized into capnographs and disposables. Capnographs are further classified as mainstream capnographs, sidestream capnographs, and microstream capnographs. Sidestream capnographs dominate the capnography equipment market owing to ease of use, capability to monitor the patient in non-intubated conditions, and easy availability of hand-held and portable devices. Based on end-use, the global capnography equipment market has been segmented into hospitals, ambulatory, and others. The hospitals segment dominates the capnography equipment market due to the increasing morbidity and mortality associated with patients with respiratory diseases, growing number of hospitals, and rising hospital visits by respiratory disorder patients. However, the ambulatory segment is the fastest-growing segment owing to the capability of capnographs to diagnose hypoxia during emergency situations.

Geographically, the global capnography equipment market has been segmented into four regions: North America, Europe, Asia Pacific, and Rest of the World (RoW). North America dominated the global capnography equipment market in 2013 due to high incidence rate of respiratory diseases and the standards issued by the American Society of Anesthesiologists (ASA) mandating the use of capnography during the sedation procedure. On the other hand, Europe is during the forecast period due to strong recommendations made by the Association of Anaesthetists of the Great Britain & Ireland (AAGBI), the European Resuscitation Council (ERC), and the Intensive Care Society in the U.K., suggesting use of capnography equipment. Moreover, the Dutch Sedation Guidelines mandate the use of capnography during sedation procedures, especially when performed by non-anesthesiologists.

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The global capnography equipment market is characterized by the presence of major companies such as Covidien, plc., Dragerwerk AG, Masimo Corporation, Medtronic, Inc., Nihon Kohden Corporation, Nonin Medical, Inc., Smiths Medical, Philips Healthcare, and Welch Allyn, Inc. Since the capnography equipment market is technologically driven, market players are constantly engaged in research activities in order to develop innovative equipment to address the rapidly-changing needs of customers.

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