Summary
The global Non-Invasive Ventilators Market is expected to witness a CAGR of xx% over the forecast period 2020-2026 and is expected to reach US$ xx million in 2026, from US$ xx million in 2019.
Non-Invasive Ventilators (NIV) provide respiratory support without the need for direct tracheal intubation. The goal of this technique is to avoid the complications associated with invasive ventilation, including sedation, hemodynamic instability, and nosocomial infections. NIV has increased in use since the early 1990s, from four to ten percent of episodes of mechanical ventilation in adults. In some countries, such as the UK, it is the standard mode of ventilatory support. NIV is delivered by most modern intensive care ventilators. The benefits of using these ventilators include the ability to provide respiratory support in a variety of modes, including pressure-cycled, bi-level positive airway pressure, and patient-triggered breaths.
Market Drivers:
Growing cases of chronic respiratory diseases such as chronic obstructive pulmonary disease (COPD), lung cancer, bronchitis, and asthma is expected to propel the growth of the global non-invasive ventilators market over the forecast period. According to estimates by the American Cancer Society, lung cancer is expected to affect nearly 236, 740 people in the United States (118, 830 women and 117,910 men), and it is likely to cause 130,180 deaths in the U.S. in 2022.
Moreover, technological developments such as improvements in battery life of transport and portable ventilators, and innovations in positive airway pressure (PAP) systems is also expected to boost the growth of the global non-invasive ventilators market during the forecast period.
Market Restraints:
Lack of awareness and increasing undiagnosed and undertreated patient populations is likely to hinder the growth of the global non-invasive ventilators market during the forecast period.
Regional Analysis:
North America is projected to witness significant growth in the global non-invasive ventilators market over the forecast period due to an increase in cases of chronic diseases, a growing number of hospitals and diagnostic centers, a strong presence of major players in the development, and manufacturing in the region.
Moreover, Asia Pacific is also anticipated to witness substantial growth in the global non-invasive ventilators market over the forecast period. This is attributed to the increasing demand for mechanical ventilators and high populations across the region.
Competitive Section:
Key players working in the global non-invasive ventilators market are Schiller, Philips Healthcare, Airon Mindray, ResMed, Allied Healthcare, Medtronic, Zoll Medical, Becton, Dickinson, Air Liquide, Getinge, Fisher & Paykel, Drger, Smiths Group, GE Healthcare, and Hamilton Medical
In November 2020, Royal Philips, a leading health technology company across the globe launched the Philips Ventilator BiPAP A40 EFL, a new non-invasive ventilator designed to make breathing easier in patients with chronic obstructive pulmonary disease (COPD).
The Non-Invasive Ventilators Market report highlights product development and growth strategies such as mergers and acquisitions adopted by market players along with SWOT Analysis, PEST, and Porter’s Five Forces analyses of the Non-Invasive Ventilators Market, which highlight the strengths, weaknesses, opportunities, and commination of key companies. Moreover, the report offers two distinct market forecasts, one from the perspective of the producer and another from that of the consumer.
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers.
The Key Manufacturers covered in this Report:-
- Philips Healthcare
- ResMed
- Medtronic
- Becton, Dickinson
- Getinge
- Drger
- Smiths Group
- Hamilton Medical
- GE Healthcare
- Fisher & Paykel
- Air Liquide
- Zoll Medical
- Allied Healthcare
- Airon Mindray
- Schiller
By the Product Type, the market is primarily segmented into:
- Intensive Care Ventilators
- Portable/Transportable Ventilators
By Applications, the market is segmented into:
- Hospitals and Clinics
- Home Care
- Ambulatory Care Centers
- Emergency Medical Services (EMS)
The report covers the following Regions:
- North America
- United States
- Canada
- Mexico
- Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- Indonesia
- Thailand
- Malaysia
- Philippines
- Vietnam
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Central & South America
- Middle East & Africa
- Turkey
- GCC Countries
- Egypt
- South Africa
Objective of the Non-Invasive Ventilators Market Report:
- To assess the size of the market by value and volume
- Analyze the Non-Invasive Ventilators Market in terms of regions and major countries
- Highlight recent developments and trends in the market
- Offer perceptive data regarding major market players in terms of key developments, strategies, and product portfolio
- Determine the share of the Non-Invasive Ventilators Market in terms of various segments such as by product type, application, and end-user
- Offer accurate projection of the market for the forecast period using state–of–the–art tools and the current primary and secondary research approaches
- Discuss major factors that impact the growth of the Non-Invasive Ventilators Market
The Non-Invasive Ventilators Market engages the readers with all pivotal approaches to understand their position in the industry based on revenue or sales growth. The report efficiently evaluates the Non-Invasive Ventilators Market from various dimensions to deliver an end-product that is informative, elaborate, and accurate and includes detailed market segmentation, regional analysis, and competition in the market. The information in the report is backed by annual company reports, financial reports, press releases, regulatory databases, government documents, and statistical databases.
For the data information by region, company, type, and application, 2019 is considered the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Key Stakeholders:
- Material suppliers/wholesalers
- Market Distributors/traders
- Regulatory bodies
- Research organizations, and consulting firms
- Commercial research & developments (R&D)
- Trade associations and industry bodies
- Importers and exporters
- End-use industries
Available Customizations:
Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.
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