Dickinson, and Company (US) and Medtronic plc (Ireland) are the Major Players in the Capnography Equipment Market
The global capnography equipment market is expected to reach USD 436 million by 2027 from an estimated USD 334 million in 2021, at a CAGR of 4.6% from 2022 to 2027.
Capnography equipment is used to measure the CO2 levels in patients while they are anesthetized or sedated by healthcare professionals. A capnometer is an essential monitor that estimates arterial carbon dioxide in patients without blood samples. Market growth is mainly driven by the development of portable/POC capnography devices, clinical benefits of capnography equipment over pulse oximetry, and increasing number of surgeries. In addition, healthcare industry in emerging countries are expected to offer growth opportunities for players in the capnography equipment market. However, issues related to stringent (especially in the US) and ambiguous regulatory guidelines for the approval of capnography medical devices are expected to hinder the growth of the capnography equipment market during the forecast period.
The competitive landscape for the capnography equipment market includes the analysis of the key growth strategies adopted by major players between 2018 and 2021 to expand their global presence and increase their shares in the global capnography equipment market. The key growth strategies adopted by the top players in the capnography equipment market in the last three years are product launches & approvals, mergers & acquisitions, collaborations, partnerships, and agreements. The capnography equipment market is dominated by Becton, Dickinson, and Company (US), Medtronic plc (Ireland), Koninklijke Philips N.V. (Netherlands), ZOLL Medical (Asahi Kasei) (Japan), Drägerwerk AG & Co. KGaA (Germany), GE Healthcare (US), Koninklijke Philips N.V. (Netherlands), Masimo Corporation (US), Medtronic plc (Ireland), Nihon Kohden (Japan)
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BD is a global medical technology company that develops, manufactures, and sells medical supplies, devices, laboratory equipment, and diagnostic products for healthcare institutions, physicians, life science researchers, clinical laboratories, the pharmaceutical industry, and the general public. BD provides customer solutions focused on improving medication management and patient safety, aiding anesthesiology care. BD conducts its R&D activities at its operating units and across global enterprise centers of excellence in the US, India, China, Singapore, and Ireland. The majority of BD’s R&D activities are conducted in North America. Outside North America, BD has a significant R&D presence in Greater Asia and Europe. It collaborates with certain universities, medical centers, and other entities on R&D programs and retains individual consultants and partners to support its efforts in specialized fields.
Medtronic is a multinational medical technology company that manufactures and markets products for hospitals, clinics, third-party healthcare providers, distributors, and other institutions. It provides capnography equipment through its Minimally Invasive Therapies Group segment. The company is present in ~160 countries. Medtronic has several innovative products in its capnography product portfolio, such as the Capnostream 35 Portable Respiratory Monitor, Capnostream 20p Bedside Monitor with Apnea-Sat Alert Algorithm, and Microstream MicroPod External etCO₂ Module.
Philips is a diversified technology-based company involved in the healthcare and consumer lifestyle markets. It is one of the leading companies in the healthcare sector with a strong presence in the cardiac care, acute care, and home healthcare segments. Philips is present in over ~100 countries and has 93 manufacturing facilities in 25 countries. The company offers a range of capnography equipment such as Respironics NM3, Goldway G30E, Efficia CM10, and Trilogy Evo and capnography accessories such as Mainstream etCO2 Sensor 2 Sensor, LoFlo Sidestream etCO2 Sensor, Capnostat 5 Sensor, and etCO2 Airway Adapters.
Related Reports:
Capnography Equipment Market by Product (Multiparameter & Standalone Capnometer, Accessories), Technology (Mainstream, Sidestream, Microstream), Application (Cardiac Care, Trauma, Emergency Care), End User (Hospital) - Global Forecast to 2027
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