PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1461417
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1461417
The global capnography equipment market was valued US$ 360.8 Mn in 2024 and is expected to reach US$ 506 Mn by 2031 growing at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2031.
Report Coverage | Report Details | ||
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Base Year: | 2023 | Market Size in 2023/2024: | US$ 360.8 Mn |
Historical Data for: | 2019 to 2023 | Forecast Period: | 2024 to 2031 |
Forecast Period 2023/2024 to 2030/2031 CAGR: | 4.90% | 2030/2031 Value Projection: | US$ 506 Mn |
Capnography equipment is used to measure the concentration of carbon dioxide (CO2) in the respiratory gases, which is a critical indication of the patient's ventilatory status. It is commonly used in medical settings such as hospitals, ambulances, and operating rooms, and is considered a standard of care for anesthesia and sedation monitoring. Capnography equipment typically consists of a sensor, a monitor, and sometimes a printer. The sensor is placed in the patient's airway, and the monitor displays a waveform (capnogram) that shows the amount of CO2 in each breath. This information can help healthcare providers detect conditions such as hypoventilation, airway blockage, and other respiratory problems. The global market for capnography equipment is expected to grow in the coming years, driven by factors such as the increasing prevalence of respiratory diseases such as chronic obstructive pulmonary disease, the growing elderly population, and the rising adoption of capnography in surgical settings and critical care. However, the high cost of capnography equipment and the lack of awareness and training among healthcare providers in some regions can pose challenges to the market. Key players in the capnography equipment market include medical device manufacturers such as Medtronic, Philips Healthcare, Masimo, and Dragerwerk. These companies are investing in research and development to improve the accuracy and ease of use of capnography equipment, and to expand its applications.
The increasing prevalence of respiratory diseases is expected to drive the growth of the global capnography equipment market over the forecast period. For instance, according to data published in May 2020 by the American Lung Association, in 2020, 12.5 million people, or 5.0% of adults, reported a diagnosis of COPD (chronic obstructive pulmonary disease, chronic bronchitis, or emphysema in the U.S).