The global capnography equipment market is projected to reach USD 366.5 million by 2023 from USD 297.1 million in 2018, at a CAGR of 4.3%.
Factors such as the development of portable/point-of-care capnography devices, clinical benefits of capnography equipment over pulse oximetry, increasing number of surgeries, and the evolving guidelines related to the clinical use of capnography are expected to drive the demand for capnography equipment during the study period.
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In this report, the capnography equipment market has been segmented by product, technology, application, end user, and region.
On the basis of product, the market is categorized into two major segments, namely, capnometers and accessories. The accessories segment is expected to grow at a higher CAGR during the forecast period owing to the increasing adoption of ventilation monitoring during surgical procedures, growing availability of medical reimbursements for post-operative capnography monitoring, and the increasing number of critical surgical procedures.
Based on technology, the capnography equipment market is segmented into sidestream and mainstream capnography. The mainstream capnography segment is expected to grow at a higher CAGR during the forecast period. This can be attributed to factors such as the rising number of surgical procedures (requiring the administration of anesthesia) and the increasing adoption of capnography equipment among healthcare professionals.
On the basis of application, the capnography equipment market has been segmented into cardiac care, trauma and emergency care, respiratory monitoring, and other applications. The trauma and emergency care segment is expected to grow at the highest CAGR during the forecast period owing to the growing awareness of the clinical benefits offered by capnography equipment in the management of trauma cases. Also, the increasing number of road accidents is a major factor that is expected to support the growth of this application segment during the forecast period.
On the basis of end user, the capnography equipment market is segmented into hospitals and ambulatory surgery centers & home care. The hospitals segment is expected to grow at a higher CAGR during the forecast period. This can be attributed to the growing use of capnography equipment in hospitals and the evolving guidelines related to the use of capnography during the treatment of different medical conditions, including moderate or deep sedation, cardiopulmonary resuscitation, and general anesthesia.
Based on region, the capnography equipment market is segmented into North America, Europe, the Asia Pacific, and the Rest of the World. The Asia Pacific market is estimated to grow at the highest CAGR during the forecast period majorly due to the presence of a large patient population base for target diseases (coupled with the rapidly growing geriatric population, especially in Japan and China); increasing adoption of patient monitoring devices, including capnography equipment, due to the decreasing product costs (owing to local manufacturing and the strengthening of the distribution networks of prominent manufacturers); and the growing medical tourism in several APAC countries.
