Capnography is a technique used to monitor the partial pressure of carbon dioxide (CO2) in the respiratory gases. It is majorly used as a monitoring tool during procedural sedation, anesthetics, and in intensive care. The analysis is presented in a form of graph known as capnogram, which depicts expiratory CO2 measured in terms of mmHg, plotted against time or expired volume of air. Irregular curve formation signifies some form of lung disease or obstructive conditions such as asthma, bronchitis, and emphysema. High demand for plastic surgeries in Latin America, rise in the prevalence of respiratory diseases, and technological advancements in the field of capnography are the major factors driving the capnography market in Latin America. According to a survey conducted by the International Society of Aesthetic Plastic Surgery (ISAPS), an organization for board-certified aesthetic plastic surgeons, Brazil accounted for 9.1% share of the total number of procedures conducted in Latin America, followed by Mexico with only 3.8% share of the total procedures. Procedural sedation, one of the important procedures in plastic surgery, has increased the usage of capnography equipment in this region.
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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.
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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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