The capnography equipment market is growing rapidly in Latin America majorly due to the recommendations to use capnography in routine hospital settings by esteemed organizations and government bodies. The World Health Organization (WHO), in its 2009 report on safe surgery, recommended the use of capnography monitoring during endotracheal tube placement, hypoventilation, and esophageal intubation for better outcome. The Uruguayan Society of Anesthesiologists and the American Society of Anesthesiologists recommended capnography monitoring in routine-use during procedural sedation and anesthetics. These guidelines substantiate the importance of capnography equipment in hospital use. Moreover, high impact of the U.S. health care system on the health care market in Latin America is augmenting the capnography equipment market in this region.
Based on products, the capnography equipment market in Latin America has been categorized into disposables and capnograph. The disposables segment dominated the market as a user needs to replace sensors of capnograph after fixed interval of time. Moreover, the segment is projected to witness the fastest growth during the forecast period as the rapidly growing capnography equipment market would drive demand for capnography disposables and consumables. The capnograph segment has been sub-segmented into the mainstream, sidestream, and micro stream capnograph. Sidestream capnograph dominated the market in 2014 in terms of market size. Easy-to-use and capability to monitor the patient in non-intubated settings are the major factors that contributed to the growth of the sidestream capnograph segment.
The capnography equipment market for Latin America was valued at USD 9.7 million in 2014 and is expected to expand at a CAGR of 17.5 % from 2014 to 2021, to reach USD 30.2 million by 2021.
Based on end-users, the capnography equipment market in Latin America has been segmented into hospitals, ambulatory, and others. The hospitals segment dominated the market in 2014 in terms of market size. Factors such as increasing medical tourism, recommendations for the use of capnography in routine settings in hospitals by the Uruguayan Society of Anesthesiologists and the World Health Organization, and rising number of plastic surgeries are driving the hospitals end-user segment of the capnography equipment market in Latin America.
Based on countries, the capnography market in Latin America has been segmented into Brazil, Mexico, Colombia, Argentina, and Rest of Latin America. Brazil dominated the capnography market in Latin America and is projected to be the fastest-growing market during the forecast period. Brazil’s dominance was majorly due to high demand for plastic surgery, rising medical tourism for various types of dental surgeries, cosmetic surgeries and cardiac procedures, and large proportion of GDP expenditure on health care in Brazil.
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Key players operating in the capnography equipment market in Latin America include Drägerwerk AG & Co. KGaA, Masimo Corporation, Medtronic, Inc., NIHON KOHDEN CORPORATION, Nonin Medical, Inc., Philips Healthcare, Smiths Medical, and Welch Allyn, Inc.
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