New York, United States, June 16, 2022 (GLOBE NEWSWIRE) -- Non-Invasive Ventilators Market worth $2.85 Billion in 2030, With a CAGR of 5.91 %
The market growth is bolstered by several factors like a surge in chronic conditions among individuals across the globe, an increase in patient admissions to intensive care units (ICU), the rise in the global population level, and leading an unhealthy lifestyle.
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Pivotal insights of the Non-Invasive Ventilators Market:
- North America continued to lead the regional market with a share of almost 42.21% in 2020 with a steady rate of growth
- For Type, the ‘CPAP or continuous positive airway pressure’ significantly led the market in the year 2020.
- In the Applications sector, the ‘COPD & Asthma segment in 2020 witnessed the lion’s share with a burgeoning CAGR
- For End-User, the ‘Hospital & Clinics’ segment in 2020 bolstered the market growth with a mammoth portion of the market share.
Key facts boosting the worldwide market growth:-
- The major reason that is responsible for the augmentation of the market is the continuous surge of NCDs or chronic diseases. As per research conducted by CDC, nearly 51.8% of the adults in America are suffering from at least 1 condition of chronic disease, whereas almost 27.21% are having multiple chronic conditions. However, the prevalence was maximum among women aged 65 years and above residing in rural areas.
- Apart from the increasing chronic cases, the rise in admissions of patients at the intensive care units (ICU), along with the rise in population levels worldwide, and leading unhealthy lifestyles are boosting the market growth extensively. SMR conducted a research study where it was revealed that there is around 4 million ICU admission every year in the USA, with a fatality range of around (8 to 19) % or nearly 500k deaths per year.
- Apart from the increasing chronic cases, the rise in admissions of patients at the intensive care units (ICU), along with the rise in population levels worldwide, and leading unhealthy lifestyles are boosting the market growth extensively. SMR conducted a research study where it was revealed that there is around 4 million ICU admission every year in the USA, with a fatality range of around (8 to 19) % or nearly 500k deaths per year.
The report envisaged by SMR on the non-Invasive ventilators market constitutes the following segmentation analysis:
Type
- BiPAP or Bilevel Positive Pressure
- CPAP or Continuous Positive Airway Pressure
- Autotitrating (Adjustable) Positive Airway Pressure (APAP)
In terms of Applications
- Asthma & COPD
- Respiratory Distress Syndrome
- Other application areas
For End-user
- Hospitals and Clinics
- Ambulatory Surgical Centers
- Other end-user
Regions:
North America
- United States
- Region of Mexico
- Canadian Territory
- Rest of North America
Europe
- Russia
- Poland (Polska)
- Deutschland/ Germany
- Italy
- Germany
- France
- Turkey
- Finland
- Rest of Europe
APAC or Asia Pacific
- India
- Australia
- China
- Taiwan
- New Zealand
- Japan
- Korea
- China
- The remaining portion of Asia Pacific
LAMEA
- UAE
- Argentina
- Uruguay
- South Africa
- Saudi Arab
- Remaining portion of LAMEA
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| Report Coverage | Details | |
| Forecast Period | 2020-2030 | |
| Forecast Period 2020 to 2030 CAGR | 5.9% | |
| 2028 Value Projection | USD 2.85 Bn | |
| Base Year | 2020 | |
| Market Size in 2020 | USD 1.61 Bn | |
| Historical Data for | 2015 – 2019 | |
| No. of Pages | 135 | |
| Companies | ResMed Inc, Teleflex Incorporated, Hamilton Bonaduz AG, HEYER Medical AG, Respironics, Airon Corporation, Fisher & Paykel Healthcare, Magnamed,medin Medical Innovations GmbH, Mindray Medical International Limited, O-Two Medical Technologies Inc, Phoenix Medical Systems Pvt. Ltd, Phillips Healthcare, Smiths Medical, WILAmed GmbH | |
| Leading Segment Based By Type | Continuous Positive Airway Pressure (CPAP) | |
| Leading Region | North America | |
| Segments covered | By Type, By Application, By End-user and By region | |
| Growth Drivers | The market growth is accompanied by several factors like a surge in chronic conditions among individuals across the globe, an increase in admissions to intensive care units (ICU), the rise in the global population level, and leading an unhealthy lifestyle. | |
For Type, the ‘CPAP or Continuous Positive Airway Pressure’ segment led the market comprehensively.
For the Type segment, the market classification is performed by (BiPAP or Bilevel Positive Pressure, CPAP or Continuous Positive Airway Pressure, & Autotitrating (Adjustable) Positive Airway Pressure (APAP)). The ‘CPAP or Continuous Positive Airway Pressure’ segment accounted for a significant market share in 2020, as it is cost-effective, easy to use, and the most widely used treatment in the case of sleep apnea. A research survey has shown that around 50 to 70 million American adults suffer from sleep apnea and globally around 100 million people are affected by the same.
For the Applications area, the ‘Asthma & COPD’ segment drove the market in 2020.
In the area of Application, the market segmentation is done by Asthma & COPD, Respiratory Distress Syndrome, & other application areas. The ‘Asthma & COPD’ segment drove the market growth in 2020, as Bronchial asthma and COPD are one of the leading causes of fatalities around the world. NCBI has stated that nearly 600 million people are affected by Asthma and COPD worldwide. COPD and Asthma result in nearly 3 million and 200k fatalities each year.
Among End-user the ‘Hospital and Clinics’ segment registered the maximum share in 2020.
Based on Applications, the market is bifurcated by Hospitals & Clinics, Ambulatory Surgical Centers, & other end-user. The ‘Hospitals & Clinics’ segment led the market in 2020, because of the increase in patients admits suffering from Chronic Obstructive Pulmonary Disease ranging from infections to pneumonia. ODPHP has deciphered that nearly 14.8 million adults across the globe had been diagnosed with COPD & approximately 12 million people are yet to do so.
North America was the regional market leader in 2020.
North America accounted for the most significant regional share of the market at around 42.21% and will continue to do so in upcoming years. The existence of leading manufacturing organizations, the rise of respiratory chronic diseases and a surge in government healthcare investments are boosting the growth of this territory. The American Lung Association reported that almost 16.4 million people or nearly 6.61% of the American adults underwent a diagnosis for respiratory chronic diseases like emphysema or bronchitis.
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Non-Invasive Ventilators Market:- (Key Players)
- Teleflex Incorporated
- Smith’s Medical
- ResMed Inc.
- HEYER Medical AG
- Hamilton Bonaduz AG
- Airon Corporation
- Respironics
- Magnamed
- WILAmed GmbH
- Fisher & Paykel Healthcare
- Mindray Medical International Limited
- medin Medical Innovations GmbH
- Phoenix Medical Systems Pvt. Ltd.
- O-Two Medical Technologies Inc.
- Phillips Healthcare
Some of the latest market updates:
- On June 7th 2022, Inspiration Healthcare collected an order of worth Euro 1.3 Million from Iraq to manufacture Viomedex Consumables & SLE ventilators. The SLE ventilators are highly sophisticated as well as equipped with some traditional modes like HFOV (HF oscillation ventilation), Non-Invasive Ventilation, etc. They are used widely across the globe in the treatment of ill and premature babies.’
- On April 22nd 2022, Philips Respironics launched its V60 Ventilator system in the market. This V60 plus ventilator acts as an assist ventilator for augmenting patient breathing and provides both non-invasive and invasive respiratory support. It consists of electrical circuits that can handle a power supply range of up to 35 volts to the ventilator and alarm.
- On January 27th 2022, Philips Respironics recalled its Trilogy EVO Ventilators to deal with some serious health hazards. This non-invasive ventilator provides positive (+ve) pressure breathing to the adult & paediatric group of patients who needs mechanical ventilation. Moreover, this ventilator is ideal for usage in non-emergency transport settings, homes, etc.
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