Noninvasive Ventilation Masks And Circuits Market

Global Market Study on Non-invasive Ventilation Masks and Circuits: Wide-Ranging Application in Array of Scientific Disciplines Complementing Market Growth

  • June-2020
  • PMRREP31545
  • 242 Pages
  • Healthcare
  • PPT, PDF, WORD, EXCEL

Introduction

Technological advancements in the form of superior products and rising prevalence of respiratory diseases are major factors that are pushing the growth of the non-invasive ventilation masks and circuits market.

Consistent efforts are being made by manufacturers in the non-invasive ventilation masks and circuits market to develop novel products that aid the reduction of facial injuries caused by poorly-fitting masks.

For instance, in 2017, ResMed announced the launch of ultra-soft full memory masks called Air Touch F20 full face masks, expanding application for the treatment of obstructive sleep apnea and other disorders.

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Companies

  • Hamilton Medical, Inc.
  • Fisher & Paykel Healthcare Limited.
  • Air Liquid Medical Systems
  • Koninkliijke Philips N.V.,
  • ResMed Inc.
  • Dragerwerk AG & Co. KGaA
  • Armstrong Medical
  • Cardinal Health Inc.
  • Well Lead Medical Co Ltd
  • Vyaire Medical
  • Intersurgical

Non-invasive Ventilation Masks and Circuits Market Trends

Increasing Prevalence of COPD Boosting Demand: Out of the many benefits of non-invasive ventilation masks and circuits, one of the major benefits for the emergence of new players in the market is the increasing prevalence of respiratory disorders and the recent outbreak of COVID-19 pandemic, due to which, these products are increasingly being used in countries such as China, Brazil, and India.

Therefore, due to growth in the prevalence of target diseases, worldwide, the proven efficacy of non-invasive ventilation masks and circuits in the estimation and diagnosis of diseases will drive their use in hospitals.

This, in turn, will propel the growth of the non-invasive ventilation masks and circuits market over the coming years. For instance, in 2016, according to WHO data, around 75 Mn people were suffering from moderate to severe chronic obstructive pulmonary diseases (COPD), globally.

Evolution of Real-time PCR Techniques: Growing use of non-invasive ventilation masks & circuits to provide treatment to infected patients will augment the hospitals segment. Besides, increasing number of hospitals focusing on the use of advanced methods for the treatment of various diseases is likely to drive the demand for non-invasive ventilation masks and circuits.

Further, the recent outbreak of COVID-19, which has transformed into a global pandemic, is certain to assert influence on the market. Dräger has been awarded a contract by the U.S. government to supply respiratory protection masks in connection with the COVID-19 pandemic. Such requirements and deals will significant boost the growth of the non-invasive ventilation masks and circuits market.

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COVID-19 Pandemic Propelling Demand for Non-invasive Ventilation Masks and Circuits

The current COVID-19 pandemic has increased the demand for advanced healthcare facilities, and created a burden on the healthcare industry in terms of isolation, prevention, and providing treatment to infected patients.

The factors play an important role in driving the growth for the non-invasive ventilation masks and circuits market.

As a result of the widespread of the disease, manufacturers and governments are now adopting extreme measures to produce more number of non-invasive ventilation masks and circuits due to the urgent demand from hospitals across the world as a result of the COVID-19 pandemic, especially non-invasive ventilation reusable circuits and disposable masks.

non invasive ventilation masks and circuits market

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Regional Analysis of Non-invasive Ventilation Masks and Circuits Market

North America remains the most lucrative region, commanding close to 42% of the global non-invasive ventilation masks and circuits market share. Increased adoption of novel and innovative products and availability of R&D grants are factors contributing to the dominance of North America in the global non-invasive ventilation masks and circuits market.

High prevalence of respiratory dysfunctions and chronic obstructive pulmonary diseases, coupled with increasing awareness among patients about the early diagnosis of these diseases is anticipated to catalyze market growth in Asia Pacific.

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Competitive Landscape of Non-invasive Ventilation Masks and Circuits market

The non-invasive ventilation masks and circuits market is characterized as a consolidated market space, with key players across the globe such as Hamilton Medical, Inc., Fisher & Paykel Healthcare Limited., Air Liquid Medical Systems, Koninkliijke Philips N.V., ResMed Inc.,Dragerwerk AG & Co. KGaA, Armstrong Medical, Cardinal Health Inc., Well Lead Medical Co Ltd, Vyaire Medical, Ltd & Intersurgical etc. . Manufacturers are actively involved in collaborations for product development and geographic expansion to gain a larger share in the global non-invasive ventilation masks and circuits market size.

Analysts’ Viewpoint

Increasing adoption of non-invasive ventilation masks and circuits due to their large procedural benefits for treating respiratory disorders, along with rising product availability, is expected to fuel the growth of the non-invasive ventilation masks and circuits market during the forecast period. The cost effectiveness of these products is another major driver for the market. North America, Europe, and Asia Pacific will offer the most opportunities to players over the next decade.

Key Segments of Non-invasive Ventilation Masks and Circuits Market

Key Segments of Non-invasive Ventilation Masks and Circuits Market

Product

  • Non-invasive Ventilation Circuits
    • Non-invasive Ventilation Disposable Circuits
    • Non-invasive Ventilation Reusable Circuits
  • Non-invasive Ventilation Masks
    • Non-invasive Ventilation Disposable Masks
    • Non-invasive Ventilation Reusable Masks

Application

  • Anesthesia
  • Respiratory Dysfunction
  • Chronic Obstructive Pulmonary Diseases
  • Pneumonia
  • Others

End User

  • Hospitals
  • Ambulatory Surgery Centers
  • Critical Care
  • Neonatal Intensive Care
  • Homecare Settings

Region

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • MEA

Questions Answered in PMR’s Non-invasive Ventilation Masks and Circuits Market Report

  • Which regions will continue to remain the most profitable regional markets for non-invasive ventilation masks and circuits market players?
  • What are the different opportunities available for new entrants as well as existing market players in the non-invasive ventilation masks and circuits market?
  • What are the advancements and new trends in the product segments of the non-invasive ventilation masks and circuits market?
  • How are supply-side and demand-side drivers impacting the non-invasive ventilation masks and circuits market?
  • What are the key factors driving the non-invasive ventilation masks and circuits market?
  • How can market players capture the low-hanging opportunities in the non-invasive ventilation masks and circuits market in developed regions?
  • Which is the leading segment in the non-invasive ventilation masks and circuits market by product?
  • Which company accounted for the highest market share for non-invasive ventilation masks and circuits?
  • What are the winning strategies of stakeholders in the non-invasive ventilation masks and circuits market to upscale their position in this landscape?

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