North America Capnography Equipment Market Size, Share & Industry Trends Analysis Report By Technology (Mainstream, Sidestream, and Microstream), By Application, By End User, By Product, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The North America Capnography Equipment Market would witness market growth of 4.1% CAGR during the forecast period (2022-2028).
Capnography equipment performs a crucial function in the constant monitoring of patients during surgeries as well as the regular monitoring of patients suffering from chronic lung diseases. As the geriatric population across the world increases, the number of surgeries performed each is estimated to rise steadily. Thus, the use of capnography equipment will witness significant expansion. A higher incidence of COPD and respiratory disorders has also led to an increase in the demand for compact capnography equipment.
The soaring number of surgeries around the world, an increase in the incidence of respiratory disorders, and technological developments in capnography devices are all contributing to the market's expansion. As a result, there is a rising frequency of respiratory disorders that has increased the need for early detection.
Respiratory ailments such as lung cancer, respiratory infections, asthma, and COPDs are on the rise in both industrialized and developing economies, which is propelling the market forward. Chronic respiratory disorders are defined as those that affect the airways and other areas of the lungs for an extended length of time.
According to the Centers for Disease Control and Prevention, smoking is a major cause of lung cancer, accounting for 80 percent to 90 percent of lung cancer fatalities in the United States. The impact of this disease is expected to increase in the next years as a result of sedentary lifestyles and the normalization of unhealthy practices. Furthermore, according to the American Cancer Society, secondhand smoke is thought to be responsible for about 7,000 lung cancer deaths in the United States each year. Additionally, the incidence of asthma among persons over the age of 18 years has increased exponentially in North America in the last few decades. The rising illness burden is driving up the number of therapeutic procedures, which will drive up demand for capnography instruments in the next years.
The US market dominated the North America Capnography Equipment Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $153.0 million by 2028. The Canada market is experiencing a CAGR of 6.4% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 5.5% during (2022 - 2028).
Based on Technology, the market is segmented into Mainstream, Sidestream, and Microstream. Based on Application, the market is segmented into Cardiac Care, Trauma & Emergency Care, Respiratory Monitoring, and Others. Based on End User, the market is segmented into Hospitals, Ambulatory Surgery Centers & Home Care, and Others. Based on Product, the market is segmented into Accessories & disposables and Capnometers (Multiparameter and Standalone). Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Masimo Corporation, Koninklijke Philips N.V., Becton, Dickinson and Company, Medtronic PLC, General Electric (GE) Co. (GE Healthcare), Dragerwerk AG & Co. KGaA, Asahi Kasei Corporation (Zoll Medical Corporation), Hamilton Medical AG (Hamilton Bonaduz AG), Edan Instruments, Inc., and Nihon Kohden Corporation.
Scope of the Study
Market Segments Covered in the Report:
- Cardiac Care
- Trauma & Emergency Care
- Respiratory Monitoring
By End User
- Ambulatory Surgery Centers & Home Care
- Accessories & disposables
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Masimo Corporation
- Koninklijke Philips N.V.
- Becton, Dickinson and Company
- Medtronic PLC
- General Electric (GE) Co. (GE Healthcare)
- Dragerwerk AG & Co. KGaA
- Asahi Kasei Corporation (Zoll Medical Corporation)
- Hamilton Medical AG (Hamilton Bonaduz AG)
- Edan Instruments, Inc.
- Nihon Kohden Corporation
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