Discover trends, market shifts, and competitive outlooks for the capnography devices industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research

What Are the Key Projections for the CAGR of the Capnography Devices Market Size From 2025 to 2034?

The market size for capnography devices has seen a substantial growth in the past few years, increasing from $0.74 billion in 2024 to an estimated $0.83 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 12.3%. The growth during the historic period is predominantly linked to factors such as the rise of respiratory ailments, technological advancements, improved monitoring of patients, regulatory backing and guidelines, in conjunction with aging demographics.

The market for capnography devices is projected to experience swift expansion in the coming years, reaching $1.31 billion by 2029 with a compound annual growth rate (CAGR) of 12.0%. This projected growth within the timeframe can be ascribed to factors such as the rise in surgical operations, advancement in awareness and tutorship schemes, regulatory encouragement and guidelines, and broadening applications. Key trends during this forecast period encompass an increase in healthcare spending, heightened emphasis on patient safety, growing cognizance and education initiatives, extension in home healthcare, and enhanced utilization in intensive care units (ICUs).

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What Are the Core Market Drivers Propelling Growth in the Capnography Devices Industry?

The increasing occurrence of diseases affecting the respiratory system is set to fuel the expansion of the capnography devices market. These medical conditions, including ailments such as asthma, chronic obstructive pulmonary disease (COPD), lung cancer, and pneumonia, impact the lungs and other components of the respiratory system. They impede proper breathing and can result in serious health issues. The number of individuals suffering from these respiratory illnesses is climbing due to factors like enhanced air pollution, high smoking rates, and growing older populations. Capnography devices serve an important role in these diseases, allowing for the real-time monitoring and evaluation of a patient’s respiratory status and immediate detection of any irregularities. For example, in June 2024, the Australian Institute of Health and Welfare, a health and welfare agency based in Australia, estimated that around 8.5 million, or 34% of Australians were suffering from chronic respiratory conditions. This figure includes an estimated 2.8 million or 11% of the population with asthma, and 638,000 individuals, or 2.5% of the population living with COPD. Hence, the growth of the capnography devices market is fueled by the increasing prevalence of respiratory diseases.

How Is the Capnography Devices Market Segmented?

The capnography devices market covered in this report is segmented –

1) By Component: Original Equipment Manufacturer (OEM) Modules, Other Components

2) By Product: Hand-held, Stand-alone, Multi-parameter

3) By Technology: Mainstream, Sidestream, Microstream

4) By Application: Emergency Medicine, Pain Management, Procedural Sedation, Critical Care, Other Applications

5) By End-use: Hospitals, Ambulatory Care, Other End-Uses

Subsegments:

1) By Original Equipment Manufacturer (OEM) Modules: Sensors, Actuators, Microcontrollers, Power Modules

2) By Other Components: Connectors, Cables, Switches, Enclosures

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Which Regions Are Driving the Next Phase of the Capnography Devices Market Growth?

North America was the largest region in the capnography devices market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the capnography devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Are the Key Market Trends in the Capnography Devices Market Over the Coming Years?

Key players in the capnography devices market are strategically moving towards the development of advanced pilot studies as a means to gain a competitive advantage. These exploratory research projects aim to assess the feasibility, effectiveness, and potential impact of such devices in a clinical environment. As an example, TidalSense, a respiratory device firm based in the UK, engaged in a pilot study in March 2024. The study was aimed at evaluating the capability of its innovative N-Tidal device in diagnosing asthma in children below five years of age. Collaborating with the University of Nottingham and Nottingham University Hospitals NHS Trust, the study enrolled 75 children struggling with asthma and viral wheezing. The N-Tidal device exploits capnography technology to monitor levels of carbon dioxide during regular respiration, removing the necessity for complicated spirometry tests commonly employed with pediatric subjects. These traditional diagnostic methods can prove difficult for young children, potentially resulting in inaccurate diagnoses and longer stays in the hospital.

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How Is the Capnography Devices Market Defined and What Are Its Core Parameters?

Capnography devices are medical instruments used to measure and monitor the concentration of carbon dioxide (CO2) in a patient’s exhaled breath, providing real-time information about respiratory status, helping in the detection of respiratory conditions, ensuring proper ventilation, and guiding anesthetic management during surgeries.

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