Capnography Devices Market Size Worth $1,312.4 Million By 2030

Capnography Devices Market Growth & Trends

The global capnography devices market was valued at USD 618.1 million in 2022 and is expected to reach a value of USD 1,312.4 million by 2030. The introduction of regulatory guidelines for procedural sedation and the growing adoption of capnography inpatient monitoring due to higher reliability & efficiency are anticipated to propel the market growth over the forecast period. In addition, associated advantages, such as ease of usage, minimally invasive nature, and medical efficiency, are also driving the product demand, thereby supporting market growth. Moreover, rising cases of respiratory diseases needing continuous patient monitoring are expected to fuel the product demand in the coming years.

The pandemic has enhanced product sales as the demand for remote respiratory monitoring equipment soars. The COVID-19 pandemic had a positive impact on the overall market as companies, such as Medtronic, witnessed increased product demand during the pandemic. Some companies, such as Capsule Technologies, also received product approvals for their capnography monitors during the pandemic, which further resulted in positive market growth. Moreover, the increasing geriatric population and changing lifestyles further positively impact the market growth. Features, such as cost-effective and non-invasive devices, make it an ideal procedure for respiratory monitoring. The market is highly competitive and a limited number of players have a high level of dominance over the total revenue share.

The most notable market participants are Medtronic, Smiths Medical (acquired by ICU Medical Inc.), Masimo Corp., etc., and account for a considerable share owing to their product offerings to the market. Advancements in technology have paved the way for the innovation of portable, efficient, and automatic devices. For instance, in April 2021, Masimo proclaimed that it has received FDA 510(k) clearance for its Radius PCG, a portable capnograph. The device comes with wireless Bluetooth connectivity. Key companies are involved in the establishment of extensive distribution systems as well as in mergers &acquisitions to capture a larger share of the market. For instance, in January 2021, Koninklijke Philips N.V. announced the acquisition of Capsule Technologies, Inc., hence enhancing its position in the patient care management solutions for the hospitals’ industry.

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Capnography Devices Market Report Highlights

• Hand-held capnography dominated the product segment of the overall capnography device market in 2022, owing to associated benefits such as portability, light-weighted, ease of use, and treatment efficiency.

• The micro stream capnography segment is expected to grow at the fastest CAGR of 9.5%. This can be attributed to the fact that this technology is more effective and easier to incorporate as compared to side stream & main stream capnography.

• Capnography devices find the largest application in sedation and emergency medicine owing to, its usage to optimize prehospital ventilation, correct pediatric emergencies and as a prognostic indicator to maintain pulmonary blood flow

• Asia Pacific region is anticipated to register rapid growth with a CAGR of 10.7% in coming years owing to high unmet needs, increasing patient awareness levels, and improving healthcare infrastructure.

• Hospitals dominated the end-use segment of the capnography device market owing to the shifting of preference of hospitals from conventional patient monitoring devices to capnography.

• Key players operating in this market include Smiths Medical (acquired by ICU Medical Inc.), Dragerwerk AG & Co. KGaA, Welch Allyn, Masimo, Koninklijke Philips N.V., Medtronic

• Moreover, stringent norms for product approval and post-approval performance monitoring which are regulated by authorities such as the U.S. FDA and American Academy of implant may act as a threat for new participants

Capnography Devices Market Segmentation

Grand View Research has segmented the global capnography devices market on the basis of component, application, product, technology, end use, and region:

Capnography Devices Component Outlook (Revenue, USD Million, 2018 - 2030)

• OEM Modules

  • Infrared Sources

  • Others

• Others

Capnography Devices Product Outlook (Revenue, USD Million, 2018 - 2030)

• Handheld

• Standalone

• Multiparameter

Capnography Devices Technology Outlook (Revenue, USD Million, 2018 - 2030)

• Mainstream

• Sidestream

• Microstream

Capnography Devices Application Outlook (Revenue, USD Million, 2018 - 2030)

• Emergency Medicine

• Pain Medicine

• Procedural Sedation

• Critical Care

• Others

Capnography Devices End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Hospitals

• Ambulatory Care Centers

• Others

Capnography Devices Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • U.K.

  • Germany

  • France

  • Italy

  • Spain

  • Denmark

  • Sweden

  • Norway

  • Russia

• Asia Pacific

  • China

  • India

  • New Zealand

  • Singapore

  • Japan

  • Australia

  • Thailand

  • South Korea

• Latin America

  • Brazil

  • Mexico

  • Argentina

• Middle East & Africa      

  • South Africa

  • Saudi Arabia

  • UAE

  • Kuwait

List of Key Players of Capnography Devices Market

• Masimo

• Smiths Medical (acquired by ICU Medical Inc.)

• Dragerwerk AG & Co. KGaA

• Welch Allyn (Hill-Rom Holdings, Inc.)

• Koninklijke Philips N.V.

• Medtronic

• Nonin Medical, Inc.

• Nihon Kohden Corp.

• BD

• Diamedica Ltd.

• Edan Instruments, Inc.

• ZOLL Medical

• Edan Instruments Inc.

• GE Healthcare

• Hamilton Medical

• Mindray Medical

• Schiller

• Avante

• Bionics

• BPL Medical Technologies

• Burtons Medical Equipment Ltd.

• Criticare Technologies Inc.