Global Capnography Market – Drivers, Opportunities, Trends, and Forecasts: 2018-2024
Overview: Capnography examines the concentration and partial pressure of carbon dioxide in expiratory gases during the diagnosis of various respiratory diseases. Capnography helps in the early detection of hypoventilation or apnea, which is critical for patients following ambulatory procedures. The increase in the respiratory diseases is necessitating the development of respiratory monitoring device. The limitations of the usage of pulse oximetry to obtain the accurate status of the respiratory condition of the individual is also fueling the market. The provision of showing the current ventilation status of the device helps in providing real time analysis of the condition, thus helps in providing better care to the patients. However, the presence of alternative respiratory monitoring devices such as gas analyzers and pulse oximetry are posing a threat to the market.
The traditional capnography devices have restrictions with portability and ease to use. The development of smaller capnography devices has addressed these issues and increased the demand for the technology. The recently launched microstream capnographs have numerous benefits when compared to the traditional devices
Market Analysis: The “Global Capnography Market” is estimated to witness a CAGR of 19.2% during the forecast period 2018-2024. The capnography market is analyzed based on three segments – Product, End Users and Regions.
Regional Analysis: The regions covered in the report are the North America, Europe, Asia Pacific, and Rest of the World (ROW). North America accounts for the largest share of the capnography market, followed by Europe, Asia Pacific, and Rest of the World. More than 40% of the market is occupied by North America, with the US being the major contributor to the market growth.
Product Analysis: Based on the products, the market is segmented into devices and the disposables. The disposables market is fastest growing as each disposable lasts for an average of only two days. However, reusable disposable is being used in many hospitals and other clinics, but the risk of infection remains high. According to the “Centers for Disease Control and Prevention (CDC)” Annually, around 1.7 million people are getting infected by using these reusable consumables in US, out of which approximately 99,000 those lose their lives.
End-user Analysis: Based on the products, the market is segmented into Hospitals, ambulatory surgical centers and others. The hospitals dominate the market in 2017 due to the good reimbursement facilities and availability of skilled professionals.
Key Players: The major players in the market include Dragerwerk AG & Co. KGaA., Philips Healthcare, Hill Rom, Inc (Welch Allyn, Inc.), Nihon Kohden Corporation, Smiths Medical, Dia Medica, Inc. Medtronic, Inc., Masimo, Nonin Medical, Inc., and Becton Dickenson and Company (CareFusion Corporation) are the key players of the market.
Competitive Analysis: Masimo Corporation, Philips Healthcare, Medtronic, Inc, Smith Medicals and Hill Rom, Inc (Welch Allyn) are the players dominating the market. These players are integrating strategies to increase their market share by product launches, expansion in the their geographical presence, merger & acquisitions and collaborative agreements. In June 2017, Medtronic started an international study to assess the risk of on opioid induced respiratory depression (OIRD), a preventable form of respiratory condition. The company claims that this is the first study to evaluate the clinical and economic aids resulting from the use of pulse oximetry and capnography. This helps the respiratory specialists in understanding the real incidents of respiratory compromise and other unmet needs.
Benefits: The report provides complete details about the usage and adoption rate of capnography in various regions. With that, key stakeholders can know about the major trends, drivers, investments, and vertical player’s initiatives. Moreover, the report provides details about the major challenges that are going to impact on the market growth. Additionally, the report gives the complete details about the key business opportunities to key stakeholders to expand their business and capture the revenue in the specific verticals to analyze before investing or expanding the business in this market.
Key Stakeholders:
Table of Contents
1 Industry Outlook 9
1.1 Industry Overview 9
1.2 Total Addressable Market 11
1.3 Industry Trends 12
1.4 PEST Analysis 13
2 Report Outline 14
2.1 Report Scope 14
2.2 Report Summary 14
2.3 Research Methodology 15
2.4 Report Assumptions 16
3 Market Snapshot 17
3.1 Market Definition – Infoholic Research 17
3.2 Segmented Addressable Market 17
3.3 Industry Trends 18
3.4 Related Markets 19
3.4.1 Nebulizers 19
3.4.1.1 Trends in the nebulizers market 19
3.4.2 Continuous Positive Airway Pressure (CPAP) 20
3.4.3 Respiratory Drugs 20
3.4.3.1 Trends in the Respiratory Drugs Market 21
3.4.4 Anti-snoring Devices 21
3.4.4.1 Trends in the Anti-snoring Devices Market 22
4 Market Outlook 24
4.1 Evolution 24
4.2 Capnogram 24
4.3 Market Segmentation 24
4.4 Porter 5 (Five) Forces 25
5 Market Characteristics 27
5.1 Market Dynamics 27
5.1.1 Drivers 27
5.1.1.1 Rising prevalence of respiratory diseases 27
5.1.1.2 Rising geriatric population 28
5.1.1.3 Regulatory guidelines endorsing the use of capnography technique 28
5.1.2 Opportunities 29
5.1.2.1 Shift toward the adoption of micro stream capnography 29
5.1.2.2 Drawbacks of pulse oximetry 29
5.1.3 Restraints 29
5.1.3.1 Stringent regulations for approval and mandatory licensing for practitioners 29
5.1.3.2 Availability of substitutes 30
5.1.3.3 Drawbacks of capnography 30
5.2 DRO – Impact Analysis 30
5.3 Key Stakeholders 31
6 Products: Market Size and Analysis 33
6.1 Overview 33
6.2 Capnograph 34
6.2.1 Side Stream Capnography 35
6.2.2 Main Stream Capnography 36
6.2.3 Micro Stream Capnography 37
6.3 Consumables 38
7 End-users: Market Size and Analysis 40
7.1 Overview 40
7.2 Hospitals 40
7.3 Ambulatory Surgical Centers 41
7.3.1.1 US 42
7.4 Others 42
8 Regions: Market Size and Analysis 43
8.1 Overview 43
8.2 North America 44
8.3 Europe 46
8.4 Asia Pacific 47
8.5 Rest of the World 48
9 Competitive Landscape 50
10 Vendors Profile 52
10.1 Hill Rom Inc. (Welch Allyn) 52
10.1.1 Overview 52
10.1.2 Business Units 53
10.1.3 Geographic Revenue 54
10.1.4 Business Focus 55
10.1.5 SWOT Analysis 55
10.1.6 Business Strategies 56
10.2 Masimo Corp. 56
10.2.1 Overview 56
10.2.2 Geographic Revenue 58
10.2.3 Business Focus 59
10.2.4 SWOT Analysis 59
10.2.5 Business Strategies 60
10.3 Philips Healthcare 61
10.3.1 Overview 61
10.3.2 Business Units 66
10.3.3 Geographic Revenue 67
10.3.4 Business Focus 68
10.3.5 SWOT Analysis 69
10.3.6 Business Strategies 69
10.4 Medtronic Plc 70
10.4.1 Overview 70
10.4.2 Business Units 78
10.4.3 Geographic Presence 79
10.4.4 Business Focus 80
10.4.5 SWOT Analysis 80
10.4.6 Business Strategies 81
10.5 Smiths Group Plc 82
10.5.1 Overview 82
10.5.2 Business Units 83
10.5.3 Geographic Presence 84
10.5.4 Business Focus 85
10.5.5 SWOT Analysis 85
10.5.6 Business Strategies 86
11 Companies to Watch for 87
11.1 Dragerwerk 87
11.1.1 Overview 87
11.2 Becton Dickinson and Company 88
11.2.1 Overview 88
11.3 Nonin Medical, Inc. 89
11.3.1 Overview 89
11.4 Nihon Kohden Corp. 89
11.4.1 Overview 89
11.5 Braun and Company 90
11.5.1 Overview 90
Annexure 91
Abbreviations 91
Tables
TABLE 1 GLOBAL CAPNOGRAPHY MARKET BY PRODUCTS, 2018–2024 ($MILLION) 33
TABLE 2 GLOBAL CAPNOGRAPHY MARKET REVENUE BY REGIONAL SEGMENTATION, 2017-2024 ($MILLION) 44
TABLE 3 HILL-ROM HOLDINGS INC.: OFFERINGS 52
TABLE 4 HILL-ROM HOLDINGS INC.: RECENT DEVELOPMENTS 52
TABLE 5 MASIMO CORP.: OFFERINGS 57
TABLE 6 MASIMO CORP.: RECENT DEVELOPMENTS 57
TABLE 7 PHILIPS HEALTHCARE: OFFERINGS 61
TABLE 8 PHILIPS HEALTHCARE: RECENT DEVELOPMENTS 62
TABLE 9 MEDTRONIC PLC: OFFERINGS 70
TABLE 10 MEDTRONIC PLC: RECENT DEVELOPMENTS 70
TABLE 11 SMITHS GROUP PLC: OFFERINGS 82
TABLE 12 SMITHS GROUP PLC: RECENT DEVELOPMENTS 82
TABLE 13 DRÄGER MEDICAL GMBH: RECENT DEVELOPMENTS 87
TABLE 14 BECTON DICKINSON AND COMPANY: RECENT DEVELOPMENTS 88
TABLE 15 NONIN MEDICAL, INC.: RECENT DEVELOPMENTS 89
TABLE 16 NIHON KOHDEN CORP.: RECENT DEVELOPMENTS 90
Charts
CHART 1 MEDICAL DEVICES MARKET SEGMENTATION, 2018 9
CHART 2 MEDICAL DEVICES MARKET SEGMENTATION BY REGION, 2018 11
CHART 3 PEST ANALYSIS OF CAPNOGRAPHY MARKET 13
CHART 4 RESEARCH METHODOLOGY OF THE GLOBAL CAPNOGRAPHY MARKET 15
CHART 5 GLOBAL CAPNOGRAPHY MARKET REVENUE, 2018–2024 ($MILLION) 18
CHART 6 EVOLUTION OF CAPNOGRAPHY 24
CHART 7 GLOBAL CAPNOGRAPHY MARKET SEGMENTATION 24
CHART 8 PORTERS 5 FORCES ON GLOBAL CAPNOGRAPHY MARKET 25
CHART 9 MARKET DYNAMICS – DRO ANALYSIS 27
CHART 10 GLOBAL RESPIRATORY STATISTICS 28
CHART 11 DRO – IMPACT ANALYSIS OF GLOBAL CAPNOGRAPHY MARKET 30
CHART 12 KEY STAKEHOLDERS 31
CHART 13 GLOBAL CAPNOGRAPHY MARKET BY PRODUCT TYPE, 2017 VS 2024 ($MILLION) 33
CHART 14 GLOBAL CAPNOGRAPHY MARKET BY REVENUE, 2017-2024 ($MILLION) 34
CHART 15 CAPNOGRAPHY PRODUCTS MARKET BY DEVICE TYPES, 2017 (%) 35
CHART 16 SIDESTREAM CAPNOGRAPHY MARKET REVENUE, 2017-2024 ($MILLION) 35
CHART 17 MAIN STREAM CAPNOGRAPHY MARKET REVENUE, 2017-2024 ($MILLION) 36
CHART 18 MICROSTREAM CAPNOGRAPHY MARKET REVENUE, 2017-2024 ($MILLION) 37
CHART 19 CAPNOGRAPHY CONSUMABLES MARKET REVENUE, 2017-2024 ($MILLION) 38
CHART 20 GLOBAL CAPNOGRAPHY MARKET BY END-USER SEGMENTATION, 2017 VS 2024 ($MILLION) 40
CHART 21 GLOBAL CAPNOGRAPHY MARKET BY REGIONAL SEGMENTATION, 2017 (%) 43
CHART 22 GLOBAL CAPNOGRAPHY MARKET BY REGIONAL SEGMENTATION, 2024 (%) 43
CHART 23 CAPNOGRAPHY MARKET REVENUE IN NORTH AMERICA, 2017-2024 ($MILLION) 45
CHART 24 CAPNOGRAPHY MARKET REVENUE IN EUROPE, 2017-2024 ($MILLION) 46
CHART 25 CAPNOGRAPHY MARKET REVENUE IN EUROPE, 2017-2024 ($MILLION) 47
CHART 26 CAPNOGRAPHY MARKET REVENUE IN REST OF THE WORLD, 2017–2024 ($MILLION) 48
CHART 27 HILL-ROM HOLDINGS INC.: OVERVIEW SNAPSHOT 53
CHART 28 HILL ROM HOLDINGS INC.: BUSINESS UNITS 53
CHART 29 HILL ROM HOLDINGS INC.: GEOGRAPHIC REVENUE 54
CHART 30 HILL ROM HOLDING INC.: SWOT ANALYSIS 55
CHART 31 MASIMO CORP.: OVERVIEW SNAPSHOT 57
CHART 32 MASIMO CORP.: GEOGRAPHIC REVENUE 58
CHART 33 MASIMO CORP.: SWOT ANALYSIS 59
CHART 34 PHILIPS HEALTHCARE: OVERVIEW SNAPSHOT 65
CHART 35 PHILIPS HEALTHCARE: BUSINESS UNITS 66
CHART 36 PHILIPS HEALTHCARE: GEOGRAPHIC REVENUE 67
CHART 37 PHILIPS HEALTHCARE: SWOT ANALYSIS 69
CHART 38 MEDTRONIC PLC: OVERVIEW SNAPSHOT 77
CHART 39 MEDTRONIC PLC: BUSINESS UNITS 78
CHART 40 MEDTRONIC PLC: GEOGRAPHIC PRESENCE 79
CHART 41 MEDTRONIC PLC: SWOT ANALYSIS 80
CHART 42 SMITHS GROUP PLC: OVERVIEW SNAPSHOT 82
CHART 43 SMITHS GROUP PLC: BUSINESS UNITS 83
CHART 44 SMITHS GROUP: GEOGRAPHIC PRESENCE 84
CHART 45 SMITHS GROUP: SWOT ANALYSIS 85
None
Dragerwerk AG & Co. KGaA., Philips Healthcare, Hill Rom, Inc (Welch Allyn, Inc.), Nihon Kohden Corporation, Smiths Medical, Dia Medica, Inc. Medtronic, Inc., Masimo, Nonin Medical, Inc., and Becton Dickenson