Capnography Devices Industry Overview
The global capnography devices market size was valued at USD 676.6 million in 2023 and is projected to grow at a CAGR of 10.0% from 2024 to 2030.
Expected advancements in technology, the increasing occurrence of respiratory conditions, and backing from government programs will enhance market expansion throughout the projected period. Attributed to its superior reliability and effectiveness, the rising use of capnography for managing respiratory illnesses is forecasted to enhance the clinical performance of these devices in monitoring patients. For instance, in 2022, 4.6% of adults were reported to have received a diagnosis of COPD, emphysema, or chronic bronchitis at some point. Office-based physician visits where COPD was noted in the medical records accounted for 4.2%. There were approximately 791,000 emergency department visits where COPD was the main reason for the visit.
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Technological advancements in capnography, including the development of portable and handheld devices, improved accuracy, and seamless integration with other monitoring systems, significantly drive market growth by enhancing usability and expanding application areas. For instance, in June 2022, clinicians could further personalize care with Medtronic’s integration of INVOS regional oximetry (rSO2) and Microstream capnography (CO2) technologies. These continuous monitoring solutions became available on the GE Healthcare CARESCAPE precision monitoring platform, enhancing perioperative and ICU care.
The increasing number of surgeries, especially those involving anesthesia, drives the demand for capnography devices. These devices are essential for monitoring CO2 levels during procedures, ensuring patient safety and effective anesthesia management. According to the International Society of Aesthetic Plastic Surgery, approximately 310 million major surgeries are conducted annually, with 20 million in Europe and 40 to 50 million in the U.S. In 2022, the U.S. led with over 7.4 million procedures, followed by Brazil (8.9%) and Japan (7.3%). Most surgeries occur in hospitals (47.4%) or office facilities (31.1%) worldwide.
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Capnography Devices Market Segmentation
Grand View Research has segmented the global capnography devices market based on component, technology, application, type, end use, and region:
Capnography Devices Component Outlook (Revenue, USD Million, 2018 - 2030)
- OEM Modules
- Infrared Sources
- Others
- Others
Capnography Devices Technology Outlook (Revenue, USD Million, 2018 - 2030)
- Mainstream
- Sidestream
- Microstream
Capnography Devices Application Outlook (Revenue, USD Million, 2018 - 2030)
- Emergency Medicine
- Pain Medicine
- Procedural Sedation
- Critical Care
- Others
Capnography Devices Type Outlook (Revenue, USD Million, 2018 - 2030)
- Hand-held
- Stand-alone
- Multi-parameter
Capnography Devices End-use Outlook (Revenue, USD Million, 2018 - 2030)
- Hospitals
- Ambulatory Care Centers
- Others
Capnography Devices Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Italy
- Spain
- Denmark
- Sweden
- Norway
- Russia
- Asia Pacific
- China
- India
- New Zealand
- Singapore
- Japan
- Australia
- Thailand
- South Korea
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East Africa
- South Africa
- Saudi Arabia
- UAE
- Kuwait
Key Companies profiled:
- Smiths Medical (acquired by ICU Medical Inc.)
- Dragerwerk AG Co. KGaA
- Baxter
- Masimo
- Koninklijke Philips N.V.
- Medtronic
- Nonin
- NIHON KOHDEN CORPORATION
- BD
- Diamedica (UK) Limited
- EDAN Instruments, Inc.
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