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.
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.
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.
Capnography is defined as a monitoring tool for examining the concentration or partial pressure of CO2 in expiratory gases. Capnography is mainly used during sedation procedures, and for constant monitoring in intensive care units. The technology is also used for diagnosis of respiratory diseases. Capnography machines generate information about CO2 production, alveolar ventilation, pulmonary perfusion, respiratory patterns, and elimination of CO2 from the ventilator and anesthesia breathing circuit. The shape of the capnogram curve generated by measuring above mentioned parameters are used for diagnosis of asthma, emphysema and bronchitis, in which the composition of gases within the lung is strongly affected.
This report provides in-depth analysis of the global capnography equipment and disposables market. The stakeholders for this report include companies engaged in the manufacturing and commercialization of capnography equipment, distributors, suppliers, and new entrants, who are planning to invest in the capnography equipment market. A snapshot of this market summarizing the market size, trends, and competition for different types of capnographs and disposables in four major geographies is provided in the executive summary of this report.
The market overview section of this report explores market dynamics such as drivers, restraints, and opportunities that have strong influence on the capnography equipment market currently and could impact the market in future as well. Furthermore, the market attractiveness analysis has been included in the market overview section in order to elucidate the intensity of competition in the market. Porter’s five forces analysis is also explained in this section to understand the attractiveness of the capnography equipment market considering five different parameters that have an effect on the sustainability of companies in the capnography equipment market. The regulatory framework section mentioned in this chapter highlights the standards and recommendations, set by various government organizations, which have a strong impact on the capnography market. The competitive scenario of the market is analyzed through market share analysis of the major market players in the competitive landscape section of the report. All these factors will help the market players to take strategic decisions which will assist them in expanding their market share and strengthening their positions in the global capnography equipment market.
The global capnography equipment market has been segmented based on product type and end-use. Based on product type, the global capnography equipment market is segmented into two major segments, namely capnographs and disposables. The capnographs segment is further categorized into three sub-segments: mainstream capnographs, sidestream capnographs, and microstream capnographs. On the basis of end-use, the capnography equipment market is further differentiated into three segments: hospitals, ambulatory, and others. Market revenue in terms of USD million for the period between 2012 and 2020 along with the compound annual growth rate (CAGR %) from 2014 to 2020 are provided for all the segments, considering 2013 as the base year.
Geographically, the global capnography equipment market has been categorized into four major regions: North America, Europe, Asia Pacific, and Rest of the World (RoW). Geographic section of the report provides market estimations in terms of revenue (USD million) of the capnography equipment market in these four regions from 2012 to 2020. CAGR % for the period from 2014 to 2020 is also analyzed for these four geographies, considering 2013 as the base year.
This report also provides recommendations that would assist new companies in establishing presence and existing market players in expanding their market share in the capnography equipment market. The report concludes with the company profile section, which includes company overview, financial overview, product portfolio, business strategy, and recent developments of major market players. The companies, which are profiled in the report, include Dragerwerk AG, Masimo Corporation, Medtronic, Inc., Nihon Kohden Corporation, Nonin Medical, Inc., Smiths Medical, Covidien plc, Philips Healthcare, and Welch Allyn, Inc.
The global capnography equipment market is segmented into the following categories:
Global Capnography Equipment Market, by Products
- Mainstream Capnographs
- Sidestream Capnographs
- Microstream Capnographs
Global Capnography Equipment Market, by End-Use
Global Capnography Equipment Market, by Geography
- North America
- Asia Pacific
- Rest of the World (RoW)