GLOBAL END-TIDAL CARBON DIOXIDE MONITORS MARKET SIZE (2024 – 2030)

The Global End-Tidal Carbon Dioxide Monitors Market, previously valued at USD 491.73 Million, is expected to attain a market size of USD 800.00 Million by the culmination of 2030. The market is forecasted to register a Compound Annual Growth Rate (CAGR) of 7.2% during the projection period spanning from 2024 to 2030.

End-Tidal Carbon Dioxide Market Overview

A carbon dioxide (CO2) monitor is a system designed to detect the presence or concentration of CO2, considered a hazardous gas in various natural settings. Accurate and swift detection of carbon dioxide holds significance across multiple industries to avert the accumulation of noxious gas concentrations. Continuous monitoring of this gas is facilitated through the utilization of CO2 detectors.

The escalating prevalence of airborne ailments such as asthma and chronic bronchitis globally stands as a pivotal factor driving the expansion of the carbon dioxide (CO2) monitors market. Stringent regulations implemented across diverse industries, aimed at safeguarding individuals from potentially hazardous gases emitted during industrial operations and the persistent surge in pollution levels, contribute significantly to market growth. Furthermore, the market is shaped by the adoption of monitors for early and precise detection of carbon dioxide before it reaches toxic levels, as well as by strategic maneuvers such as mergers, acquisitions, joint ventures, collaborations, and partnerships. Urbanization, industrialization, research and development initiatives, governmental initiatives, and heightened public awareness further underpin the market for carbon dioxide (CO2) monitors. Moreover, the period from 2022 to 2030 is poised to witness promising opportunities for market participants owing to technological advancements in monitors.

Impact of COVID-19 on the Industry

The onset of COVID-19 prompted temporary shutdowns of capnography device production facilities in early 2020 due to imposed lockdowns. Despite this, the market for capnography devices witnessed growth owing to heightened hospital admissions and increased public consciousness regarding healthcare. Consequently, the capnography equipment market demonstrated positive growth amid this pandemic crisis.

The unprecedented surge in hospitalizations resulting from the COVID-19 outbreak, a global public health emergency, has impacted millions worldwide. According to a meta-analysis of seven studies conducted by researchers, patients with severe Chronic Obstructive Pulmonary Disease (COPD) may be more susceptible to complications from COVID-19 due to its effects on the respiratory system. Moreover, the significant disruption caused by COVID-19 led to a moderate impact on practices concerning airway management therapies, attributable to the widespread postponement of elective surgeries in early 2020.

Market Drivers

The escalating prevalence of respiratory disorders is poised to propel the progression of the capnography devices market.

A key driver fueling the growth of the industry is the increasing number of individuals afflicted with respiratory disorders globally. As per a publication by the National Center for Biotechnology Information (NCBI), the worldwide mortality rate due to lung cancer is anticipated to surge by 86% by 2035, with projections of a twofold increase in some regions such as America, the Western Pacific, and South-East Asia. This underscores the growing demand for capnography equipment to detect early signs of respiratory depression and airway irregularities, particularly during sedation, thus mitigating severe complications. Moreover, factors such as tobacco consumption, a family history of lung cancer, and environmental air pollution are expected to contribute to the upsurge in respiratory disorder cases.

Anticipated benefits offered by handheld capnography devices are expected to influence the preference for these instruments among individuals.

The market for handheld capnography devices, valued at USD 267 million in 2020, is primarily driven by the manifold advantages these devices offer. Specifically tailored to individual patient conditions and physician preferences, these portable tools enable precise maneuverability. Designed for easy use, these instruments facilitate the assessment of carbon dioxide levels in both inspired and expired air. Featuring a battery-operated design, handheld capnography equipment accommodates mobile spot-checking, as well as stationary and transport uses. Its compact form factor allows for unrestricted movement and straightforward positioning. Modern handheld capnography systems cater to both intubated and non-intubated patients, equipped with visual and audible alarms alongside sidestream technology.

Market Restraints

The substantial cost associated with these devices is expected to pose a challenge to market growth.

Conversely, the market expansion is likely to face constraints due to the high costs pertaining to system acquisition and maintenance. The adverse effects of COVID-19 on numerous industries throughout the forecast period from 2022 to 2030 are anticipated to present challenges to the carbon dioxide (CO2) monitors market.

Global End-Tidal Carbon Dioxide Market- By Technology

• Sidestream
• Mainstream
• Microstream

The largest segment within the market is Sidestream. This technology involves extracting a small sample of exhaled air from the patient's airway and conveying it to a remote sensor for analysis. Widely utilized in various clinical settings, Sidestream monitoring delivers continuous and precise EtCO2 measurements.

The fastest-growing technology during the projected period is Microstream. This innovative approach integrates a miniature capnography sensor directly into the patient's airway, enabling real-time and continuous EtCO2 monitoring. The compact nature and minimal invasiveness of Microstream monitoring have attracted considerable attention from healthcare professionals, resulting in its swift adoption in critical care and procedural sedation.

Global End-Tidal Carbon Dioxide Market- By Component

• Original Equipment Manufacturer (OEM)
• Others

The market is dominated by Original Equipment Manufacturers (OEMs), representing the largest segment. OEMs are accountable for designing, producing, and distributing EtCO2 monitors along with related equipment. Their expertise and established reputation within the market have contributed to their substantial share in the EtCO2 industry.

During the forecast period, the most rapidly growing segment is Others, encompassing third-party manufacturers and aftermarket suppliers. With escalating demand for EtCO2 monitoring devices, numerous new players have entered the market, offering competitive and cost-efficient solutions. The growth of Others is propelled by their capacity to address diverse customer requirements and deliver specialized products and services.

Global End-Tidal Carbon Dioxide Market- By Application

• Emergency Medicine
• Critical Care
• Procedural Sedation
• Pain Management
• Others

Critical Care stands out as the largest segment in this category, underscoring the significance of EtCO2 monitoring in intensive care units and high-acuity settings. In critical care scenarios, continuous EtCO2 monitoring plays a pivotal role in evaluating ventilation, detecting respiratory distress, and guiding appropriate interventions.

The fastest-growing application during the forecast period is Medicine. EtCO2 monitoring is progressively integrated into routine medical practices across various specialties. In the realm of medicine, EtCO2 monitoring assists in patient evaluation during surgeries, procedures, and sedation, ensuring patient safety and optimizing treatment outcomes.

Global End-Tidal Carbon Dioxide Market- By End-Use

• Hospitals
• Ambulatory Surgical Centers
• Others

Hospitals emerge as the largest segment in the EtCO2 market by end-use. These healthcare facilities play a vital role in patient care, with EtCO2 monitoring serving as an essential tool in their arsenal. EtCO2 monitoring finds application across a broad spectrum of medical procedures, surgeries, and critical care scenarios within hospitals. This technology aids medical practitioners in evaluating patient ventilation and facilitating timely interventions in cases of respiratory distress. The emphasis on patient safety and the necessity for efficient respiratory monitoring have led to the widespread adoption of EtCO2 monitoring in hospitals.

The fastest-growing segment in the EtCO2 market by end-use is surgical centers. These specialized facilities are dedicated to conducting surgeries and other invasive procedures. EtCO2 monitoring has emerged as a critical component in surgical centers, where precise respiratory monitoring is indispensable during anesthesia administration and patient recovery. This technology empowers surgeons and anesthesiologists to closely monitor a patient's respiratory status and make informed decisions, thereby contributing to enhanced surgical outcomes and patient recovery.

Global End-Tidal Carbon Dioxide Market- By Geography & Region

• North America
• Europe
• Asia-Pacific
• Latin America
• The Middle East and Africa

North America leads as the largest region in the EtCO2 market. The region's well-established healthcare infrastructure and commitment to advancing medical technologies have driven the widespread adoption of EtCO2 monitoring. Healthcare providers in North America prioritize patient safety and actively seek innovative solutions to enhance respiratory care. EtCO2 monitoring holds a pivotal role in critical care units, surgical environments, and emergency medicine within North America, providing valuable insights to guide medical interventions and ensure optimal patient outcomes.

The Asia-Pacific region emerges as the fastest-growing segment in the EtCO2 market during the forecast period. With a burgeoning population and escalating investments in healthcare, countries across Asia-Pacific are intensifying their focus on enhancing patient care and safety. EtCO2 monitoring is gaining significant traction in the region, particularly in countries such as China, Japan, and India, where the demand for advanced medical technologies continues to rise. The COVID-19 pandemic has further underscored the importance of respiratory monitoring, propelling the adoption of EtCO2 monitoring systems in healthcare facilities across Asia-Pacific.

Global End-Tidal Carbon Dioxide Market- By Companies

1. Criticare Technologies, Inc. (USA)
2. Drager Medical GmbH (Germany)
3. GE Healthcare (USA)
4. Invivo Corporation (USA)
5. Masimo Corporation (USA)
6. Medtronic plc (Ireland)
7. Mindray DS USA, Inc. (USA)
8. Nihon Kohden Corporation (Japan)
9. Nonin Medical, Inc. (USA)
10. OSI Systems, Inc. (USA)
11. Philips Healthcare (Netherlands)
12. Radiometer Medical ApS (Denmark)
13. Smiths Medical (USA)
14. Thames Medical (UK)

Notable Developments in the Global End-Tidal Carbon Dioxide Monitors Market in Recent History

• Regulatory Approval: In 2021, Radius PCG received approval from the U.S. FDA, as reported by Masimo Corporation. This approval for a portable real-time capnograph with Bluetooth wireless connectivity offered patients of all ages seamless, tetherless mainstream capnography. Such regulatory clearance granted the business a competitive edge and bolstered its position within the market.
• Business Partnership: In 2020, To advance patient monitoring solutions, including capnography devices, Philips Healthcare and Masimo Corporation announced a strategic alliance. This collaboration aimed to introduce cutting-edge capnography equipment that is highly efficient, providing new avenues for enhanced patient care.