Latin America Capnography Equipment Market
                     Latin America Capnography Equipment Market - Size, Share, Outlook, and 
Opportunity Analysis, 2019 - 2027   
Capnography is the monitoring of the concentration or partial pressure of carbon 
dioxide in the respiratory gases. It offers a graphic picture of the patient's 
ventilatory status and detects the presence of pulmonary pathology. It is used in 
emergency medical services and anesthesia. Capnography is dynamic 
monitoring of patients with acute respiratory distress conditions such as asthma, 
chronic obstructive pulmonary disease (COPD), bronchiolitis, and heart failure 
(32).
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Increasing prevalence of asthma is expected to boost growth of Latin America
capnography equipment market over the forecast period. For instance, according
to The Global Asthma Report 2018, the prevalence of asthma symptoms was
23% and the prevalence of a medical diagnosis of asthma 12% in Brazil.
Moreover, increasing incidence of COPD is also expected to propel growth of the
market.  For  instance,  according  to  the  study  ‘Chronic  Obstructive  Pulmonary
Disease in Latin America’,  published in January 2019 in the journal Annals of
Global Health, the prevalence of COPD in Latin American cities ranged between
6.2 and 19.6% in individuals aged 40 years and above.
Side stream capnographs held dominant position in Latin America capnography
equipment  market  in  2018,  accounting  for  53.5% share  in  terms  of  value,
followed by mainstream capnographs.
Although  capnography  is  more  effective  compared  to  pulse  oximetry  in
monitoring various respiratory diseases, sedation procedures, and apnea, it  is
associated with high cost, which is expected to hinder growth of Latin America
capnography  equipment  market.  A handheld  capnograph  costs  between  US$
2,200 and US$ 4,000, whereas a handheld pulse oximeter costs around US$
315.
Moreover, use of capnograph may lead to increased dead space and the patients
need to be intubated, which is also expected to hamper growth of the market.  
Increasing  number  of  plastic  surgeries  is  expected  to  offer  lucrative  growth
opportunities for players in Latin America capnography equipment market. For
instance, according to The International  Society of  Aesthetic Plastic Surgeons
(ISAPS) 2018, Brazil has the second highest number of cosmetic procedures in
the world.
Moreover, increasing medical tourism in countries across Latin America is also
expected to boost growth of the market. For instance, according to the study,
Medical  Tourists:  Incoming  and  Outgoing,  published  in  January  2019  in  the
American  Journal  of  Medicine,  Mexico  is  among  the  top  10  destinations  for
medical tourism.
Key  players  in  the  market  are  focused  on  launching  portable  real-time
capnography devices to expand their product portfolio. For instance, Masimo’s
Radius  capnography  system  offers  cable-free  capnography  and  automated
documentation.
Major players operating in Latin America capnography equipment market include,
Drägerwerk  AG  &  Co.  KGaA,  Masimo  Corporation,  Medtronic,  Inc.,  Nihon
Kohden Corporation,  Nonin Medical,  Inc.,  Philips Healthcare,  Smiths Medical,
and Welch Allyn, Inc.
Key players in the market are focused on product approval and launch to expand
their  product  portfolio.  For  instance,  in  October  2019,  Masimo  Corporation
received  CE  marking  for  its  Radius  Capnography,  a  portable  real-time
capnograph with wireless Bluetooth connectivity.
Key players in the market are also focused on conducting clinical trials to expand
their product portfolio. For instance, in February 2019, Medtronic plc announced
preliminary  results  from  PRODIGY,  a  Microstream  (TM)  Capnography,  multi-
center  study  to  identify  people  at  high  risk  for  opioid-induced  respiratory
depression (OIRD), a form of respiratory compromise.
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