The Global Capnography Market is expected to grow during the forecast period from 2018 to 2027 at a CAGR of ~19.5%. Capnography is the process used to measure and determine the concentration of Carbon Dioxide (CO2) in respiratory gases by using the capnograph device. It helps to measure the actual concentration of carbon dioxide in the bloodstream.
The Capnography is used to monitor the inhaled and exhaled concentration of CO2. The growing pediatric population, increasing number of patients suffering from cardiac diseases, and increasing aging population are expected to drive the growth of the market.
Companies are showing much interest toward the market of Capnography, as they feel there are huge opportunities and gaps between the market demand and supply of devices. Thus, companies are showing more interest in merger and acquisition activities for introducing the best cure that meets the requirement of market. The development has been made by Nonin Medical, Inc. in 2016, where they announced that they launched the next generation lifesense II and respsense II capnographs, simple, cost-effective etco2 monitoring for a wide range of applications, which is more accurate, ease of use, and cost effective. The companies are introducing better devices for getting the global leadership in the capnography devices and provide a strong treatment option in the market. In 2017, Masimo announces FDA clearance and worldwide release of nomoline capnography sampling lines. This Sampling technology eliminates many common problems associated with conventional sidestream gas sampling line systems. Incorporating a unique, patented polymer, nomoline allows water in the sampling line to continuously evaporate into the surrounding air, while leaving oxygen, carbon dioxide, and anesthetic gases unaffected.
Increasing in the prevalence of lung disease around the globe is creating the huge scope for the market players to make a profit. Also excellent reimbursement scenario for cancers, especially in the U.S. is very significant driver for the capnography devices as it minimize the financial burden from the patient.
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Key Players
Athena GTX Inc (U.S.), Dragerwerk AG (Germany), Medtronic Inc. (U.S.), Masimo Corporation (U.S.), Nonin Medical, Inc. (U.S.), OSI Systems Inc (U.S.), Koninklijke Philips N.V. (the Netherlands), Welch Allyn, Inc. (U.S.) are some of the leading players at the cutting edge of the competition in the market of capnography, globally.
Capnography is the devices use for monitoring the partial pressure of CO2 during anesthesia and sedation. Usually it presents the graphs of expiratory CO2 plotted against time. It serves as an important monitoring tool in the intensive care or during anesthesia. An increase in the prevalence of people suffering from diseases like COPD and asthma increases the demand of capnography around the world. According to the Centers for Disease Control and Prevention (CDC), in 2014, approximate 15.7 million (6.4%) Americans have been diagnosed with chronic obstructive pulmonary disease (COPD).
Segmentation
The Global Capnography Market is segmented on the basis of type, devices, application, and end-user. The global capnography market on the basis of type is segmented into capnograph and disposable. Capnograph is further subdivided into three segments, namely, mainstream capnography, sidestream capnography, and micro stream capnography. Mainstream capnography is further subdivided sand alone monitor, handheld monitor, and multi-parameter monitor. Based on device, the global capnography market is segmented into handheld monitors, stand-alone monitors, and others. Based on application the global capnography market is segmented into procedural sedation, critical care, emergency medicine, pain management, and general floor. Based on end-user the global capnography market is segmented into hospitals, clinics, and ambulatory surgical centers.
The Global Capnography Market is estimated to grow during the forecast period due to factors such as innovation, technological advancements, and advancement of the capnography device. A strong recommendation about capnography was made by healthcare bodies such as the American Society of Anesthesiologists, European Resuscitation Council, and others to include capnography devices in healthcare facilities compulsorily. This fuels the growth of the global capnography market.
Global Capnography Market – Regional Analysis
The market of capnography devices is much higher in Asia Pacific region, owing to smoking, environmental pollution, and infection. These are the factor which increases the occurrence of disease related to the lungs, thus, the demand for capnography devices enhance in this region. Most of the countries of this region have common lifestyle and economic conditions and focusing more to enhance the treatment option. Thus, more research and development programs are initiated for the development of new devices. China is the most popular country in the world, with more than 1.3 billion people will lead the Asia Pacific market. The rising levels of risk factors such as an urbanization, air pollution and smoking in this region leads the number of lung cancer cases and fatalities in the world, with 700,000 Chinese people diagnosed with lung cancer in 2015. Thus increase in the number of patient suffering with lung enhance the demand for better treatment and devices.
Government of developing countries within this region are willing to adopt advanced treatment option available in developed countries, which fuel the market of capnography. These advance devices will overcome the saturation that occurs during the last few years. Countries like India and China are more focused market for global market players owing to the huge patient population and growing purchasing power as compare to other countries in this region. Japan is well developed country and have advanced healthcare system and technology, whereas developing countries are still focusing on new technology for the treatment.
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