Carbon Dioxide Monitors Market Summary
As per MRFR Analysis, the Global Carbon Dioxide (CO2) Monitors Market was valued at USD 0.43 billion in 2023 and is projected to grow to USD 0.84 billion by 2032, with a CAGR of 7.60% from 2024 to 2032. The market is driven by increased respiratory issues and rising awareness of CO2 monitoring devices. Wall-mounted monitors accounted for 58.9% of the market share in 2022, while the Breweries application segment dominated with 55% market share. The Asia-Pacific region led the market with 45.8% share in 2022, followed by Europe and North America.
Key Market Trends & Highlights
Key trends driving the Carbon Dioxide (CO2) Monitors Market include technological advancements and rising health concerns.
- Market Size in 2023: USD 0.43 billion.
- Projected Market Size by 2032: USD 0.84 billion.
- Wall-mounted monitors held 58.9% market share in 2022.
- Breweries segment contributed 55% of the market share.
Market Size & Forecast
2023 Market Size: USD 0.43 billion
2024 Market Size: USD 0.46741 billion
2032 Market Size: USD 0.84 billion
CAGR (2024-2032): 7.60%
Largest Regional Market Share in 2022: Asia-Pacific (45.8%).
Major Players
Key players include Dräger Medical GmbH, Medtronic PLC, OSI Systems Inc., GE Healthcare, and Philips Healthcare.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Carbon Dioxide (CO2) Monitors Market Trends
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Rising awareness of CO2 monitoring devices is driving the market growth
The rising awareness about CO2 monitors drives Market CAGR for Carbon Dioxide (CO2) Monitors. The unfavorable air ventilation at work or home is to blame for the increased health dangers. The number of small-space constructions with poor air ventilation has increased due to development and urbanization. The CO2 screens support the client by identifying dangerous gases and providing a report. Numerous lives can be saved by early detection of carbon dioxide levels before they reach maximum levels. Children lack resistance to CO2 gases and are more likely to become ill faster than adults, hence carbon dioxide monitors are becoming more and more popular.
Additionally, the development of cutting-edge technologies and their integration with carbon dioxide monitors, which alert and present necessary suggestions when the air quality is bad, have raised the market need for carbon dioxide monitors. For numerous surgeries, including endoscopy, and arthroscopy, CO2 gas is predominantly used as an insufflation component. It produces warm feelings and functions as a vasodilator for the body's skin by activating heat receptors in therapeutic baths. Carbon dioxide infusion makes it simple to execute endoscopic treatments on patients.
Carbon dioxide is being used to produce fuels and chemicals due to ongoing developments and R&D projects worldwide. Over the projection period, these factors are anticipated to increase carbon dioxide consumption in various applications. Due to factors like rising pollution levels, an aging population, and an increase in asthma and chronic bronchitis cases, the market for CO2 monitors is expected to experience growth. Additionally, this market may experience expansion due to the use of monitors in preserving the environment and research fields. As a result, it is projected that this will increase worldwide requirements for carbon dioxide in the upcoming years.
For instance, the CO2 screens that comply with California Assembly Bill AB 841 are the most suitable for the interior, such as in homerooms, hospital wards, fitness facilities, and workplaces, were sent off by the Forensic Locators in 2021. The COVID spread and likelihood of contracting an airborne sickness have significantly decreased because of the CO2 screen. Therefore, It is expected that demand for CO2 monitors will increase throughout the projection timeframe due to the rising respiratory issues. Thus, driving the Carbon Dioxide (CO2) Monitors market revenue.
Carbon Dioxide (CO2) Monitors Market Segment Insights
Carbon Dioxide (CO2) Monitors Product Insights
The Carbon Dioxide (CO2) Monitors Market segmentation is based on products including Wall-mounted and Pipeline carbon dioxide (CO2) monitors. The Wall-mounted carbon dioxide (CO2) monitors dominated the market, accounting for 58.9% of the market share (USD 0.2 billion) in 2022. It is utilized for spot-checking in various industrial application that is driving the overall market growth.
Figure 1: Carbon Dioxide (CO2) Monitors Market, by Product, 2022 & 2032 (USD billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Carbon Dioxide (CO2) Monitors Type Insights
The Carbon Dioxide (CO2) Monitors Market segmentation, based on Type, Includes End-tidal carbon dioxide (EtCO2) and Transcutaneous carbon dioxide (tcpCO2) monitors. The End-tidal carbon dioxide (EtCO2) monitors category generated significant revenue as of 2022, whereas, Transcutaneous carbon dioxide (tcpCO2) monitors is fasted growing category expected to grow post-pandemic at a fast rate in the projected period.
Carbon Dioxide (CO2) Monitors Application Insights
The Carbon Dioxide (CO2) Monitors Market segmentation based on Applications Includes Hospital use, Scientific research, Breweries, greenhouses, Underground Car parks, and Office Buildings. The Breweries category dominated the market, contributing 55% of the market share (USD 0.2 billion). Due to the increase in respiratory issues, health care is expected to be a growing sector during the anticipated period.
Carbon Dioxide (CO2) Monitors Regional Insights
By Region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific (APAC) region dominates the market with 45.8% of the market share in 2022 due to rising cases of respiratory failures.
Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: Carbon Dioxide (CO2) Monitors Market Share by Region 2022 (%)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
European Region's Carbon Dioxide (CO2) Monitors market accounts for the second-largest market share due to rising awareness of the benefits of CO2 Monitors. Further, the German Carbon Dioxide (CO2) Monitors market and the UK Carbon Dioxide (CO2) Monitors market is anticipated to grow at a fast CAGR in the European Region.
The  North America Carbon Dioxide (CO2) Monitors Market is anticipated to expand significantly during the projected timeframe. It is due to expanding awareness about CO2 monitoring benefits and rising air infections after COVID-19. Moreover, China’s Carbon Dioxide (CO2) Monitors market held the largest market share, and Japan’s Carbon Dioxide (CO2) Monitors market was the fastest-growing market in the Asia-Pacific region.
Carbon Dioxide (CO2) Monitors Key Market Players & Competitive Insights
Leading market players are investing heavily in research and development to offer innovative products and diagnose new insights, which will help the Carbon Dioxide (CO2) Monitors market expand and generate a large market share. Market participants are also undertaking a strategic approach via the organic and inorganic route to expand their footprints worldwide, with important market developments including joint ventures, strategic alliances, mergers and acquisitions, capital expenditure, and collaboration with other organizations. As a hyper-competitive market, the Carbon Dioxide (CO2) Monitors industry must offer cost-effective and innovative products and solutions.
One of the strategic business tactics organizations use in the global Carbon Dioxide (CO2) Monitors industry is to manufacture locally to reduce expenses which will benefit clients and help capture the untapped market. Carbon Dioxide (CO2) Monitors industry has offered significant advantages in medical and technological areas. Major players in the Carbon Dioxide (CO2) Monitors market, including Dräger Medical GmbH, Medtronic PLC, OSI Systems Inc., Thames Medical, Criticare Systems Inc., GE Healthcare, Invivo, Masimo, Mindray North America, Nihon Kohden Corporation, Nonin Medical Inc., Philips Healthcare, Radiometer Medical ApS, and Smiths Medical, are attempting capture market share by investing in research and development to produce innovative and cost-effective solutions.
Incorporated in 1969, United Phosphorous (UPL) manufactures agricultural protection products, specialty, and other industrial chemicals. The largest manufacturer of agricultural chemicals in India is UPL. It ranks among the top five global producers of agrochemicals after patents. The UPL's diversification plan includes the CEL (Chemo Electronic Laboratory). It is one of India's top producers of poisonous gas detectors and the country's sole producer of chemical detector tubes. In January 2022, UPL Ltd collaborated with the US-based Tele sense organization in 2021 to launch the flexible sensor technology. This technology employs an AI platform to screen several limitations, including temperature Sensor resistance and CO2 levels. The combined effort increased the overall transaction rate in the USA. The primary purpose of the monitoring device is to keep an eye on the inside, primarily individual grain storage facilities.
GE Healthcare Systems is a leading worldwide medical technology and life sciences firm that provides technology, digital infrastructure, data analytics, and decision support systems. They offer a wide range of products, solutions, and services utilized in advancing and producing biopharmaceuticals and diagnosing, treating, and tracking patients. In June 2022, cutting-edge INVOSTM and MicrostreamTM on the CARESCAPE detailed monitoring platform were integrated as GE Healthcare and Medtronic received FDA 510(k) clearance. MicrostreamTM capnography (CO2) technology records changing respiratory impairment, and INVOSTM regional oximetry (rSO2) technology aids doctors in predicting issues more quickly than traditional local monitoring, improving patient outcomes and safety. The integration enables ongoing access at the bedside and during transportation and assists physicians in increasing efficiency, improving safety, and raising the standard of care.
Key Companies in the Carbon Dioxide (CO2) Monitors market include.
Carbon Dioxide (CO2) Monitors Industry Developments
June 2022 To integrate cutting-edge INVOSTM and MicrostreamTM on the CARESCAPE detailed monitoring platform, GE Healthcare and Medtronic received FDA 510(k) clearance and CE Mark approval. MicrostreamTM capnography (CO2) technology records changing respiratory impairment, and INVOSTM regional oximetry (rSO2) technology aids doctors in predicting issues more quickly than traditional local monitoring, improving patient outcomes and safety. The integration enables ongoing access at the bedside and during transportation and assists physicians in increasing efficiency, improving safety, and raising the standard of care.
January 2021Â One of the major industry competitors, UPL Ltd, collaborated with the US-based Tele sense organization in 2021 to launch the flexible sensor technology. This technology employs an AI platform to screen several limitations, including temperature resistance and CO2 levels. The combined effort increased the overall transaction rate in the USA. The primary purpose of the monitoring device is to keep an eye on the inside, primarily individual grain storage facilities.
Carbon Dioxide (CO2) Monitors Market Segmentation
Carbon Dioxide (CO2) Monitors Product Outlook
- Wall-mounted carbon dioxide (CO2) monitors
- Pipeline carbon dioxide (CO2) monitors
Carbon Dioxide (CO2) Monitors Type Outlook
- End-tidal carbon dioxide (EtCO2) monitors
- Transcutaneous carbon dioxide (tcpCO2) monitors
 Carbon Dioxide (CO2) Monitors Application Outlook
Carbon Dioxide (CO2) Monitors Regional Outlook
| Report Attribute/Metric |
Details |
| Market Size 2023 |
USD 0.43 billion |
| Market Size 2024 |
USD 0.46741 billion |
| Market Size 2032 |
USD 0.84 billion |
| Compound Annual Growth Rate (CAGR) |
7.60% (2024-2032) |
| Base Year |
2023 |
| Market Forecast Period |
2024-2032 |
| Historical Data |
2018- 2022 |
| Market Forecast Units |
Value (USD Billion) |
| Report Coverage |
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered |
Product, Type, Application, and Region |
| Geographies Covered |
North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered |
The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled |
 Dräger Medical GmbH, Medtronic PLC, OSI Systems Inc., Thames Medical, Criticare Systems Inc., GE Healthcare, Invivo, Masimo, Mindray North America, Nihon Kohden Corporation, Nonin Medical Inc., Philips Healthcare, Radiometer Medical ApS, and Smiths Medical |
| Key Market Opportunities |
Development in CO2-related products and merger & acquisition. |
| Key Market Dynamics |
Respiratory failure cases increased across the globe. |
Carbon Dioxide Monitors Market Highlights:
Frequently Asked Questions (FAQ) :
The Carbon Dioxide (CO2) Monitors Market size was valued at USD 0.43 Billion in 2023.
The Carbon Dioxide (CO2) Monitors Market is projected to grow at a CAGR of 7.60% from 2024 to 2032.
Asia-Pacific had the largest share of the global market.
The key players in the market are Dräger Medical GmbH, Medtronic PLC, OSI Systems Inc., Thames Medical, Criticare Systems Inc., GE Healthcare, Invivo, Masimo, Mindray North America, Nihon Kohden Corporation, Nonin Medical Inc., Philips Healthcare, Radiometer Medical ApS, and Smiths Medical.
The Wall-mounted carbon dioxide (CO2) monitors category dominated the market in 2022.
The End-tidal carbon dioxide (EtCO2) monitors had the largest share in the global market.
