The global capnography devices market is expected to generate $490.9 million revenue by 2025, advancing at a CAGR of 4.4% during the forecast period.
Capnography devices measure the concentration of carbon dioxide (CO2) in the exhaled air and display the concentration during a respiratory cycle. These devices are used as monitoring tools for the management of anesthesia and in intensive care.
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.
One of the key driving factors of the capnography devices market is the growing prevalence of respiratory diseases. As per the study, The Global Burden of Diseases, conducted by the World Health Organization, about 3.2 million deaths occurred in 2015 due to chronic obstructive pulmonary disease (COPD) worldwide and the number is predicted to grow to 4.5 million by 2030. Since respiratory diseases such as COPD, asthma, and pulmonary embolism, require intensive respiratory monitoring, the requirement for capnography devices is increasing significantly, further resulting in the growth of the market.
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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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