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How Will the Capnography Devices Market Grow Over the Forecast Period Based on Its Expected CAGR?

In the last few years, there has been a substantial growth in the capnography devices market size. Projections suggest an increase from $0.74 billion in 2024 to $0.83 billion in 2025, marking a compound annual growth rate (CAGR) of 12.3%. This remarkable growth in the previous years is due to various factors such as the rise in respiratory disease cases, technological advancements, improved patient monitoring, regulatory endorsement and guidelines, and the growing aged population.

The market size for capnography devices is predicted to experience a quick expansion in the coming years, with a projected value of $1.31 billion by 2029, and a compound annual growth rate (CAGR) of 12.0%. The anticipated growth during this forecast period can be traced back to factors such as an uptick in surgical procedures, escalated awareness and training programs, strengthened regulatory assistance and guidelines, and a wider range of applications. Notable trends during this period include heightened healthcare spending, an increased emphasis on patient safety, a rise in awareness and training programs, growth in home healthcare, and more frequent usage in Intensive Care Units (ICUs).

How Are the key drivers Contributing to the Expansion of the Capnography Devices Market?

The increasing incidence of respiratory illnesses is projected to drive the expansion of the capnography devices market. Respiratory illnesses comprise a range of medical issues impacting the lungs and other components of the respiratory system. These include conditions like asthma, chronic obstructive pulmonary disease (COPD), pneumonia, and lung cancer, which affect breathing and may result in critical health problems. The rise in respiratory diseases is due to elements such as escalating air pollution, increasing rates of smoking, and an aging populace. Capnography devices play a critical role in these diseases, offering real-time monitoring and evaluation of the patients’ breathing status and identifying irregularities. For instance, data from June 2024 by the Australian Institute of Health and Welfare, a health and welfare organization based in Australia, suggested that roughly 8.5 million individuals in Australia, equating to 34% of the population, were believed to suffer from chronic respiratory issues. This figure comprised an estimated 2.8 million individuals or 11% of the population coping with asthma and 638,000 individuals or 2.5% of the population struggling with chronic obstructive pulmonary disease (COPD). Hence, the increasing incidence of respiratory illnesses is contributing to the growth of the capnography devices market.

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Who Are the Dominant Players Expanding Their Reach in the Capnography Devices Market?

Major companies operating in the capnography devices market are:

• Medtronic PLC_x000D_

• Becton Dickinson and Company (BD)_x000D_

• GE HealthCare Technologies Inc._x000D_

• Medline Industries Inc._x000D_

• Philips Healthcare_x000D_

What Are the Top Trends Shaping the Evolution of the Capnography Devices Market?

Leading firms in the capnography devices market are striving to gain a market advantage by focusing on the development of progressive pilot studies. These studies are conducted as initial investigations to assess the viability, efficiency, and potential impact of these devices in clinical environments. For example, in March 2024, a pilot study was launched by TidalSense, a British company that specializes in respiratory devices. The study, designed to evaluate their ground-breaking N-Tidal device’s ability to diagnose asthma in young children, was conducted in collaboration with the University of Nottingham and Nottingham University Hospitals NHS Trust. The research will encompass 75 children below the age of five suffering from asthma and viral wheezing. The N-Tidal device, which employs capnography technology to gauge carbon dioxide levels during regular breathing, bypasses the necessity for challenging spirometry tests often deployed in the pediatric age group. These conventional tests can be quite challenging for young children, potentially causing inaccurate diagnosis leading to extended hospital stays.

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What Are the Major Categories and Their Growth Dynamics in the Capnography Devices Market?

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

Which Regions Are Setting the Pace for 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.

How Is the Capnography Devices Market Defined Across Different Regions?

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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