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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