CAPNOGRAPHY EQUIPMENT MARKET ANALYSIS

Market Challenges And Opportunities

Global Capnography Equipment Market Drivers:

• Increasing prevalence of asthma: Increasing prevalence of asthma is expected to boost growth of the global capnography equipment market over the forecast period. For instance, according to data published on May 2, 2023, by CNBC, in 2022, 35 million people suffered from asthma in India.
• Increasing use of portable capnography devices: Increasing use of portable capnography devices is expected to drive the growth of the market over the forecast period. For instance, in March 2021, Masimo, a global medical technology company that develops, manufactures, and markets non-invasive patient monitoring technologies, hospital automation solutions, home monitoring devices, announced the findings of an observational, retrospective study published in Pediatrics International. In the study, researchers at the Osaka Women’s and Children’s Hospital in Japan found the Masimo EMMA Portable Capnograph “useful for assessment of the respiratory condition in children with tracheostomy.” 1 EMMA provides seamless mainstream capnography for patients of all ages in a compact, easily portable device. The device requires no routine calibration and minimal warm-up time, with accurate end-tidal carbon dioxide (EtCO2) and respiration rate measurements and continuous EtCO2 waveforms displayed within 15 seconds.
• Technological advancements in capnography equipment: Technological advancements are significantly driving the growth of the global capnography equipment market. Capnography equipment has evolved tremendously over the years with continuous enhancements in sensor design and integrated side-stream and mainstream sampling technology. Advanced sensors are able to provide more accurate end-tidal carbon dioxide measurements with fast response times. This has allowed physicians to detect ventilation problems early and treat patients more effectively.
• Favorable government initiatives and investments to enhance patient monitoring: Governments across the globe are increasingly focusing on enhancing patient monitoring and quality of care. Several favorable initiatives and investments are being made to drive the adoption of capnography equipment in hospitals and clinics. Capnography allows clinicians to continuously monitor a patient’s carbon dioxide levels during procedures like surgeries, intubations, or sedation. This helps detect any complications at an early stage and enables timely interventions.

Global Capnography Equipment Market Opportunities:

• Product approval: Increasing product approval by regulatory bodies is expected to drive the growth of the market over the forecast period. For instance, in September 2020, Capsule Technologies, Inc., a global provider of medical device integration, clinical surveillance, and patient monitoring for hospitals, announced that the U.S. Food and Drug Administration (FDA) had granted clearance for its capnography monitoring solution Vitals Plus with the Masimo NomoLine ISA CO₂ Module.
• Increasing adoption of microstream capnography technology: The increasing adoption of microstream capnography technology presents a major opportunity in the global capnography equipment market. Microstream capnography utilizes a smaller, lighter sampling line that provides greater patient mobility and comfort compared to conventional mainstream capnography techniques. This technology is gaining more popularity among healthcare providers as it allows for more accurate end-tidal carbon dioxide monitoring outside of the operating room environment.
• Use of sidestream capnography technology in emergency medical transport vehicles and ambulances: The use of sidestream capnography technology in emergency medical transport vehicles and ambulances can help capture a major share of the global capnography equipment market. As per the World Health Organization, road accidents account for nearly 1.3 million deaths globally each year. Timely medical assistance and monitoring of vital signs are crucial for reducing mortality and improving outcomes for road accident victims. Sidestream capnography allows for non-invasive monitoring of end-tidal carbon dioxide levels of patients being transported in ambulances. This gives paramedics and emergency medical technicians real-time visibility of the respiratory status and circulation which can guide intervention if required.
• Increasing prevalence of respiratory disease: Increasing prevalence of respiratory disease is expected to drive the growth of the market over the forecast period. For instance, according to data published in December 2022 by the world health organization (WHO), over 649 million confirmed cases of chronic obstructive pulmonary disease (COPD) and over 6.6 million deaths have been reported globally in 2022.

Global Capnography Equipment Market Restraints:

• High cost of capnography equipment: The high cost of capnography equipment has been a major restraining factor for the global capnography equipment market. Capnography equipment, such as capnographs, disposables, and integration with ventilators, is an expensive medical device that requires substantial capital expenditure. Similarly, single-use nasal and endotracheal cannulas and tubings that are essential consumables for every patient also add to the running costs. This makes capnography products beyond the budget of many small to mid-sized healthcare settings and hampers wider adoption.
• Stringent regulatory policies: Stringent regulatory policies have significantly restrained the growth of the global capnography equipment market in recent years. Regulatory agencies across many countries have imposed very strict rules and guidelines for the approval and commercialization of capnography devices. The approval process has become extremely lengthy and complex as regulators insist on high standards of safety, efficacy, and accuracy data from lengthy clinical trials.
• Lack of awareness and technical skill: The lack of awareness and technical skills is considerably restraining the growth of the global capnography equipment market. Capnography is still not widely understood or utilized by healthcare professionals, even in developed regions. This results in underutilization of capnography, even in critical care areas where it can have significant clinical value. Additionally, using capnography equipment involves technical skills to operate the devices and understanding various waveforms and readings.