Non-invasive Ventilator Market: Introduction
A ventilator is a life-supporting system that is used to inhale oxygen and exhale carbon dioxide from the body. It helps patients breathe easier who are suffering from breathing difficulty. A ventilator is also used during anesthesia, as anesthesia can disrupt the normal breathing functionality, and the ventilator ensures that the normal breathing process is carried out efficiently during surgery. A non-invasive ventilator is used as an airway support, administered through a face mask instead of an endotracheal tube. A non-invasive ventilator supports the patient in breathing without the need for tracheotomy. Non-invasive ventilators are gaining traction nowadays, as there is increasing preference for non-invasive ventilation over invasive ventilation. A non-invasive ventilator supports the patient by delivering the right inspiratory and expiratory pressure to meet the individual’s ventilator demands. A non-invasive ventilator is used more frequently and treats a wider range of conditions. Patients with chronic obstructive pulmonary disease (CPOD) are mainly treated with these non-invasive ventilators in intensive care units. Other than COPD, conditions such as pneumonia, acute lung injury, asthma, acute respiratory distress syndrome, neuromuscular disease, chest wall disorder, and obesity hypoventilation syndrome are treated with non-invasive ventilators. A non-invasive ventilator is also useful in a homecare setting for the treatment of sleep-related disorders such as sleep apnea.
Non-invasive Ventilator Market: Drivers and Restraints
The growing prevalence of respiratory disorders is expected to be a major factor driving the growth of the non-invasive ventilator market over the forecast period. According to WHO, around 65 million people have moderate to serve chronic obstructive pulmonary disease (CPOD), globally. Various technological advancements in ventilation devices with operating efficiency, and the increasing geriatric population are also impelling the growth of the non-invasive ventilator market. Risk factors such as obesity and diabetes; unhealthy lifestyles such as alcohol consumption and smoking; and irregular sleep patterns that develop into respiratory problems are expected to drive the market of non-invasive ventilators in the near future. The cumulative demand for new technology devices among surgeons is another major factor expected to drive the non-invasive ventilator market. Moreover, the benefits of non-invasive ventilators over invasive ventilators are expected to spur the demand for non-invasive ventilators over the forecast period. However, the high cost of these non-invasive ventilators is expected to hamper the growth of the non-invasive ventilator market. Moreover, the risk of not receiving sufficient ventilation due to an incorrect set-up is expected to restrain the growth of the non-invasive ventilator market.
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Non-invasive Ventilator Market: Segmentation
Tentatively, the global non-invasive ventilator market can be segmented on the basis of product type, end user, and geography.
Based on product type, the global non-invasive ventilator market is segmented as:
Based on end user, the global non-invasive ventilator market is segmented as:
- Specialty Clinics
- Home Care Settings
- Ambulatory Surgical Centers
Non-invasive Ventilator Market: Overview
The global market for non-invasive ventilators is expected to witness moderate growth over the forecast period. The electric non-invasive ventilators segment is expected grow at the highest CAGR over the forecast period in the non-invasive ventilator market. The hospitals end user segment is expected to contribute a high share in the global non-invasive ventilator market. Nowadays, non-invasive ventilators are in the high demand among healthcare professionals and patients due to their many benefits.
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Non-invasive Ventilator Market: Regional Outlook
Geographically, the global non-invasive ventilator market is segmented into America, Latin America, Europe, CIS & Russia, Asia Pacific excluding Japan (APEJ), Japan, and the Middle East and Africa (MEA). North America is expected to be a dominant market in the global non-invasive ventilator market, due to the rise in the prevalence of respiratory diseases in the United States. A large number of technology solution providers exist in the market in this region. Europe is expected to have the second-largest share in the global non-invasive ventilator market throughout the forecast period, due to the huge adoption of new technologies among healthcare professionals. The non-invasive ventilator market in Asia Pacific excluding Japan is expected to grow at a significant CAGR, owing to factors such as rising standards of living, lifestyle changes, rise in awareness levels, and focus on healthcare expenditure. Japan is expected to represent a significant share in the global non-invasive ventilator market, due to strong reimbursement policies and the increasing aging population.
Non-invasive Ventilator Market: Key Players
Examples of some of the key players operating in the global non-invasive ventilator market are ResMed Inc., Teleflex Incorporated, Hamilton Bonaduz AG, HEYER Medical AG, Respironics, Inc., Airon Corporation, Fisher & Paykel Healthcare, Magnamed, medin Medical Innovations GmbH, Mindray Medical International Limited, O-Two Medical Technologies Inc., Phoenix Medical Systems Pvt. Ltd., Smiths Medical, Inc., WILAmed GmbH, and others.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The report also maps the qualitative impact of various market factors on market segments and geographies.
The report covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies Involved
- Value Chain
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Peru, Chile, Rest of LATAM)
- Europe (Germany, Italy, U.K, Spain, France, Nordic countries, BENELUX, Eastern Europe, Rest of Europe)
- CIS & Russia
- Asia Pacific Excluding Japan ( Greater China, India, South Korea, ASEAN Countries, Rest of APEJ)
- Middle East and Africa (GCC Countries, Turkey, Iran, Israel, S. Africa, Rest of MEA)
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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