#Non-invasive Ventilation Masks Market Forecast
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The Anesthesia And Respiratory Devices market was valued at USD 28915.2 million in 2023 and is expected to reach USD 88255.9 million in 2032, growing at a CAGR of 13.20% between 2024 and 2032.The anesthesia and respiratory devices market plays a pivotal role in the healthcare industry, providing essential tools for surgeries, intensive care, and the management of chronic respiratory conditions. With the increasing prevalence of respiratory diseases, advancements in anesthesia techniques, and a growing aging population, the demand for these devices has seen significant growth. This article delves into the current trends, key drivers, and future prospects of the anesthesia and respiratory devices market.
Browse the full report at https://www.credenceresearch.com/report/anesthesia-and-respiratory-devices-market
Market Overview
The anesthesia and respiratory devices market encompasses a wide range of products, including anesthesia machines, ventilators, nebulizers, inhalers, oxygen concentrators, and respiratory masks. These devices are crucial for the administration of anesthesia, respiratory support, and the treatment of conditions such as asthma, chronic obstructive pulmonary disease (COPD), and sleep apnea.
Key Drivers
1. Rising Prevalence of Respiratory Diseases: The increasing incidence of respiratory diseases such as asthma, COPD, and sleep apnea is a significant driver of market growth. According to the World Health Organization (WHO), COPD is the third leading cause of death worldwide, emphasizing the need for effective respiratory care devices.
2. Aging Population: The global aging population is more susceptible to chronic diseases, including respiratory conditions, necessitating the use of anesthesia and respiratory devices. The United Nations reports that the number of people aged 65 and over is expected to double by 2050, further boosting market demand.
3. Technological Advancements: Continuous advancements in technology have led to the development of more efficient and user-friendly devices. Innovations such as portable ventilators, smart inhalers, and integrated anesthesia workstations are enhancing patient care and improving outcomes.
4. Increasing Surgical Procedures: The rising number of surgical procedures, driven by an increase in chronic diseases and trauma cases, is boosting the demand for anesthesia devices. The Global Surgery 2030 report highlights the need for increased surgical care capacity, particularly in low- and middle-income countries.
Current Trends
1. Shift Towards Home Healthcare: The trend towards home healthcare is gaining momentum, with patients preferring treatment in the comfort of their homes. This shift is driving the demand for portable and easy-to-use respiratory devices, such as nebulizers and oxygen concentrators.
2. Adoption of Non-Invasive Ventilation: Non-invasive ventilation (NIV) is becoming increasingly popular due to its effectiveness in managing acute respiratory failure and chronic respiratory diseases without the need for intubation. NIV devices are now widely used in hospitals and home settings.
3. Integration of Artificial Intelligence (AI) and Machine Learning (ML): The integration of AI and ML in anesthesia and respiratory devices is revolutionizing patient care. These technologies enable real-time monitoring, predictive analytics, and personalized treatment plans, improving the efficiency and accuracy of respiratory support and anesthesia administration.
4. Telemedicine and Remote Monitoring: The COVID-19 pandemic has accelerated the adoption of telemedicine and remote monitoring solutions. Respiratory devices equipped with remote monitoring capabilities allow healthcare providers to track patients’ conditions and adjust treatment plans accordingly, reducing the need for hospital visits.
Regional Insights
The market for anesthesia and respiratory devices is expanding globally, with North America, Europe, and Asia-Pacific being the key regions. North America holds a significant market share due to the high prevalence of respiratory diseases, advanced healthcare infrastructure, and substantial healthcare expenditure. Europe follows closely, driven by an aging population and increasing healthcare awareness.
Asia-Pacific is expected to witness the highest growth rate during the forecast period. Factors such as improving healthcare infrastructure, rising healthcare expenditure, and a growing patient pool with respiratory diseases contribute to this growth. Additionally, initiatives by governments to improve healthcare access and affordability are propelling the market in this region.
Future Prospects
The anesthesia and respiratory devices market is poised for robust growth in the coming years. The increasing burden of respiratory diseases, technological advancements, and the shift towards home healthcare are expected to drive market expansion. Moreover, the integration of AI, ML, and telemedicine will continue to enhance patient care and outcomes.
However, challenges such as high costs, stringent regulatory requirements, and limited access to advanced healthcare facilities in low-income regions may hinder market growth. Addressing these challenges through cost-effective solutions, regulatory harmonization, and improved healthcare infrastructure will be crucial for sustained market development.
Key Players
General Electric company
Medtronic
Teleflex Inc.
Koninklijke Philips N.V.
Drägerwerk AG & Co. KGaA
Getinge AB
Smiths Group plc
Fisher & Paykel Healthcare Ltd.
Masimo
Braun Melsungen AG
ResMed
Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
Segmentation
By Anesthesia Devices:
Anesthesia Machines
Anesthesia Workstations
Anesthesia Vaporizers
By Respiratory Devices:
Ventilators
Positive Airway Pressure (PAP) Devices
Nebulizers
Oxygen Concentrators
Humidifiers and Vaporizers
By Monitoring Devices:
Capnography Devices
Pulse Oximeters
Gas Analyzers
By Disposable Devices:
Breathing Circuits
Masks and Airways
By End-User:
Hospitals and Clinics
Ambulatory Surgical Centers
Homecare Settings
By Respiratory Consumables:
Masks and Cannulas
Filters and Tubes
Tracheostomy Tubes
By Application:
Surgery
Critical Care
Sleep Apnea Treatment
By Age Group:
Adults
Pediatrics
By Region
North America
The U.S.
Canada
Mexico
Europe
Germany
France
The U.K.
Italy
Spain
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
South-east Asia
Rest of Asia Pacific
Latin America
Brazil
Argentina
Rest of Latin America
Middle East & Africa
GCC Countries
South Africa
Rest of Middle East and Africa
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Breathing Easy: Trends and Innovations in the Ventilation Masks Market By 2023 to 2030
The global ventilation masks market is expected to reach US$ 7.9 billion by 2030, growing at a CAGR of 7.5% from 2023 to 2030. The growth of the market is driven by increasing demand for ventilation masks in healthcare settings, rising prevalence of respiratory diseases, and growing awareness of the benefits of ventilation masks.
Ventilation masks are personal protective equipment (PPE) that protect the wearer from inhaling airborne particles, including dust, fumes, and gases. They are used in a variety of settings, including healthcare, construction, and manufacturing.
There are two main types of ventilation masks: respirators and surgical masks. Respirators are designed to filter out a specific type of airborne particle, while surgical masks are designed to block large-particle droplets, splashes, sprays, or splatter that may contain germs (viruses and bacteria).
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N95 respirators are the most common type of respirator used in healthcare settings. They are designed to filter out at least 95% of airborne particles that are 0.3 microns in diameter or larger. This includes most viruses and bacteria.
Surgical masks are loose-fitting, disposable devices that create a physical barrier between the mouth and nose of the wearer and potential contaminants in the immediate environment. They are not as effective as respirators at filtering out airborne particles, but they can still help to reduce the spread of germs.
Ventilation masks are an important part of PPE for preventing the spread of respiratory diseases. When used properly, they can help to protect both the wearer and others from airborne particles.
Key Takeaways:
The global ventilation masks market is expected to reach US$ 7.9 billion by 2030, growing at a CAGR of 7.5% from 2023 to 2030.
The increasing prevalence of respiratory diseases, rising demand for home care, and technological advancements are driving the growth of the market.
The non-invasive ventilation masks segment is expected to hold the largest market share during the forecast period.
North America is expected to remain the largest market for ventilation masks, followed by Europe and Asia Pacific.
Market Trends:
The following are some of the key trends in the ventilation masks market:
Increasing demand for non-invasive ventilation masks
Growing adoption of disposable ventilation masks
Technological advancements in ventilation masks
Rising awareness of the benefits of ventilation masks
Competitive Landscape:
The ventilation masks market is highly competitive, with a number of global and regional players. The key players in the market include:
3M
Drägerwerk AG
Fisher & Paykel Healthcare
GE Healthcare
Getinge AB
Hill-Rom Company
Medtronic
Philips Respironics
ResMed
Smiths Medical
Recent Developments:
Some of the recent developments in the ventilation masks market include:
Launch of new ventilation masks with advanced features
Approval of new ventilation masks by regulatory agencies
Strategic partnerships between players in the market
Future Outlook:
The ventilation masks market is expected to continue to grow in the coming years, driven by the factors mentioned above. The increasing demand for ventilation masks in healthcare settings, rising prevalence of respiratory diseases, and growing awareness of the benefits of ventilation masks are all expected to contribute to the growth of the market.
Market Segmentation:
The ventilation masks market is segmented by type, application, end-user, and region.
By type, the market is divided into:
Full face masks
Half face masks
Nasal masks
Oral masks
By application, the market is segmented into:
Respiratory care
Anesthesia
Emergency medical services
Homecare
By end-user, the market is divided into:
Hospitals
Ambulatory surgical centers
Homecare settings
By region, the market is segmented into:
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
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Non-invasive Ventilation Masks Market Forecast 2024 to 2032
Non-invasive ventilation (NIV) masks are medical devices designed to provide respiratory support to patients who have difficulty breathing on their own but do not require invasive procedures such as intubation. NIV masks are used to deliver positive pressure ventilation to the patient's lungs, assisting with their breathing efforts and improving oxygenation. These masks are commonly employed in various clinical settings, including intensive care units, emergency departments, and home care environments. NIV masks offer a less invasive alternative to traditional mechanical ventilation methods, which involve inserting a breathing tube into the patient's airway.
The Non-invasive Ventilation Masks Market was valued at USD 215.30Million in 2022 and is expected to register a CAGR of 4.84% by 2032.
The global aging population is more susceptible to respiratory conditions that may require ventilation support. As the elderly population increases, the demand for NIV masks is expected to rise. Get a free sample PDF Brochure By Types: Under 30 $30 to 40 $Above 40 By Applications: Pediatric ICU Home Care By Market Vendors: ResMed Philips Healthcare Fisher & Paykel Healthcare Air Liquide Medical Systems Dräger Hamilton Medical Intersurgical BMC Medical DeVilbiss Healthcare Vyaire Medical Armstrong Medical Read More
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#Non-Invasive Ventilation Masks and Circuits Market#Non-Invasive Ventilation Masks and Circuits Market Analysis#Non-Invasive Ventilation Masks and Circuits Market Analysis in Developed Countries#Non-Invasive Ventilation Masks and Circuits Market by Application#Non-Invasive Ventilation Masks and Circuits Market by Type#Non-Invasive Ventilation Masks and Circuits Market Development#Non-Invasive Ventilation Masks and Circuits Market Forecast#Non-Invasive Ventilation Masks and Circuits Market Future Innovation
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Healthcare Protective Masks Market updates, Upcoming Trends, Insights 2021, by 2027
Healthcare Protective Masks Market Overview :
A protective mask acts as a device that covers the mouth, nose, or both of a patient who requires positive pressure, non-invasive ventilation, or continuous positive pressure ventilation.
The growth of the healthcare protective masks market can be attributed to the rise in demand due to the COVID-19 epidemic, rising number of surgical procedures, and increasing prevalence of infectious diseases.
Furthermore, the rising prevalence of age-related diseases, mass manufacturing operations in Southeast Asian countries, increasing investments in healthcare facilities, and increasing levels of pollution, are also expected to boost the market during the forecast period.
However, manufacturers providing low-quality face masks, and a rise in prices of face masks are expected to restrain the growth of the healthcare protective masks market.
Several market players such as 3M, Cardinal Health Inc., and Medline Industries Inc. among others currently dominating the global healthcare protective masks market.
Healthcare Protective Masks Market Regional Analysis :
The market has been divided, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The Americas region held the largest market, owing to the rise in COVID-19 cases in the region. The healthcare protective masks market in the Americas has further been branched into North America and Latin America, with the North American market divided into the US and Canada.
The European healthcare protective masks market has been categorized as Western Europe and Eastern Europe. The Western European market has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe.
The healthcare protective masks market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. Due to the increasing number of surgical procedures, the market in Asia-Pacific is expected to be the fastest-growing. The healthcare protective masks market in the Middle East & Africa has been divided into the Middle East and Africa.
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Healthcare Protective Masks Market Segmentation :
Global Healthcare Protective Masks Market has been segmented based on the Product Type and The End User.
Based on the product type, the global healthcare protective masks have been segmented into surgical masks, anesthesia masks, and respirators. The surgical masks segment is expected to be the largest market segment.
On the basis of end user, the market is segmented into hospitals & clinics, and ambulatory surgical centers. The ambulatory surgical center segment is expected to be the fastest-growing segment.
Healthcare Protective Masks Market Key Players :
Some of the key players in the global healthcare protective masks market are 3M (US), Cardinal Health, Inc. (US), Narang Medical Limited (India), Mölnlycke Health Care AB (Sweden), Henry Schein, Inc. (US), Medline Industries, Inc. (US), Sterimed (India), Honeywell International Inc. (US), Kimberly-Clark Corporation (US), Ansell Ltd (Australia), Dynarex Corp. (US)
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#Healthcare Protective Masks Market Trends#Healthcare Protective Masks Market Overview#Healthcare Protective Masks Market Forecast#Healthcare Protective Masks Market Analysis
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Non-invasive Ventilation Masks Market Forecasts by Global Industry Revenue and Demand Analysis in 2021 MRFR Report
Report Description
The recently published market intelligence report on Global Non-invasive Ventilation Masks Market outlines an in-depth analysis of segments and sub-segments in the regional and international Non-invasive Ventilation Masks market. The research highlights underlying factors such as the impact of restraints, drivers, and macro indicators of the regional and global Non-invasive Ventilation Masks market for the present scenario as well as the near future. Through a detailed accurate presentation of the data, valuable market intelligence related to forecasting, trends, and dollar values of the global Non-invasive Ventilation Masks market are procured. Over the period of forecast, the CAGR of the Non-invasive Ventilation Masks Markets, expected to propel growth would be XX%, according to the research report
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Non-invasive Ventilation Masks Market Report Scope:
To learn more about this report,
Leading market players: (Option 1: Free 25% Customization Profiles of 5 Additional Companies of your Choice)
This business intelligence report offers profiling of reputed companies that are operating in the market. Companies such as:
ResMed
Philips Healthcare
Fisher & Paykel Healthcare
Air Liquide Medical Systems
Drger
Hamilton Medical
Intersurgical
BMC Medical
DeVilbiss Healthcare
Vyaire Medical
Armstrong Me
Others players have been profiled into detail so as to offer a glimpse of the market leaders. Moreover, parameters such as Non-invasive Ventilation Masks related investment & spending and developments by major players of the market are tracked in this Global report.
Covid-19 pandemic affects most industries in the globe. Here at Spaceview Market Reportswe offer you comprehensive data of related industry which will help and support your business in all possible ways.
Segment Covered:
This market intelligence report on the Global Non-invasive Ventilation Masks market encompasses market segments based on type, end-users and country.
In terms of type, the Global Non-invasive Ventilation Masks market is segregated into:
Under 30
$30 to 40
$Above 40
By end-user also classify into, the Global Non-invasive Ventilation Masks market:
Pediatric
ICU
Home Care
Research Methodology of Optimus Market Reports:
Non-invasive Ventilation Masks Market
Non-invasive Ventilation Masks Market
To know more about the Research Methodology and other aspects of the research study, kindly
Report Highlights:
An in-depth analysis of the micro and macro indicators, market trends, and forecasts of demand is documented by this business intelligence report. Furthermore, the report offers a succinct abstract of factors that are propelling and impeding the growth of this market across all geographical segments. In addition to that, ANOVA Test and FRAP Method are used to measure the consequential outcome of investment by the competitors, that new or existing market players can take into consideration for consolidating their standing in the market. Various analytical tools such as SWOT analysis, S.T.E.E.P.L.E analysis, and Porters five forces analysis have been used in this report to present a distinct portrayal of the market. Furthermore, highlights of the report are expected to include emerging trends that would play a definite role in shaping the market demand in the near future, and competitive analysis of each of the geographical segments providing an in-depth insight into the market share of the global players.
By country/region, the Global Non-invasive Ventilation Masks market has been divided into:
North America (the U.S., Canada),
Latin America (Brazil, Mexico, Argentina and other countries),
Europe (Germany, France, the U.K., Spain, Italy, Russia, and other countries),
Asia Pacific (India, Japan, China, Australia and New Zealand and other countries),
Middle East and Africa (GCC, South Africa, Israel and Other countries).
Non-invasive Ventilation Masks Market
Non-invasive Ventilation Masks Market
To Know More About Non-invasive Ventilation Masks Market, By Region -
Reasons to Invest in This Global Non-invasive Ventilation Masks Market Report:
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Highlights key industry priorities to aid organizations to realign their enterprise strategies.
Develop small business expansion plans by employing substantial growth offering emerging and developed markets.
Boost the decision-making process by understanding the plans which exude commercial interest concerning services and products, segmentation and industry verticals.
Conserve reduce some time undertaking Entry-level study by identifying the expansion, dimensions, top players and sections in the international Non-invasive Ventilation Masks Market.
Researched overall worldwide market trends and prognosis along with all the factors driving the current market, in addition to those endangering it.
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Non-invasive Ventilation Masks Market To, 2024 Trends, Growth and Manufacturers - ResMed, Vyaire Medical, Philips Healthcare, Air Liquide Medical Systems
Non-invasive Ventilation Masks Market To, 2024 Trends, Growth and Manufacturers – ResMed, Vyaire Medical, Philips Healthcare, Air Liquide Medical Systems
The global Non-invasive Ventilation Masks Marketreport offers a complete overview of the industry with details on the company shares, emerging trends, forecast data, in-depth analysis and an outlook of the market on a global platform. The report also focuses on market drivers, restraints, and key manufacturers. The report offers segmentation of the market and regional analysis for the forecasted…
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3D Printing PLA Market by Application (Consumer Products, Automotive Parts, Industrial Applications, Healthcare, Aerospace and Defense, Others) And Geography - Global Forecast To 2027
In terms of value, the 3D printing PLA market is expected to grow at a CAGR of 19.8% from 2020 to 2027 to reach $818.0 million by 2027. 3D printing has been evolving rapidly and is expected to provide an ideal alternative to manufacturing processes. PLA (Polylactic acid) material is effective in designing prototypes for equipment and machines. PLA is derived from natural sources, such as sugarcane and corn starch, making it environment-friendly and cost-effective. This technology is used across various industry verticals, such as automotive, food packaging, and consumer goods. The growth of the 3D printing PLA market is mainly attributed to the rising demand for bioplastics, favorable government initiatives, and the performance benefits of PLA. Additionally, the rising adoption of PLA in the healthcare sector provides significant growth opportunities for players operating in this market.
Rising demand for bioplastics to propel market growth
Bioplastics help in eliminating the amount of waste emerging from 3D printing discards. Hence, they are used in many different projects, from marine applications to medical implants to manufacturing. PLA filament has wide adoption in 3D printing because it is made from renewable products, such as corn starch and sugarcane. It is biodegradable and does not release toxic fumes when oxygenated. Hence, PLA is gradually replacing traditional polymers, such as Polypropylene, Polystyrene, and ABS.
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Favorable government initiatives to support market growth
Governments are undertaking initiatives to support the use of bioplastics and provide subsidies to encourage bio-degradable products. The rising environmental concerns have increased awareness regarding the environmental benefits of PLA. Governments in various countries are focused on encouraging sustainable products across industries to reduce carbon dioxide emissions, which has led to the introduction of various initiatives that include incentives, tax credits, and subsidies. Moreover, rising investments by private and public organizations in the research & development of bioplastics are likely to support the growth of the 3D printing PLA market.
Impact of COVID-19 on the 3D Printing PLA market
The effect of COVID- 19 has had a wide-scale impact on the daily life of the common man, and it has significantly affected the healthcare sector due to severe shortages of critical medical equipment, such as masks, face shields, PPE kits, ventilators, and hospital beds.
The 3D printing industry has rapidly adapted to COVID-19 crisis requirements, and the global demand for 3D printing PLA is expected to witness a significant increase from the healthcare sector. 3D printing technology can boost the supply of medical equipment, particularly ventilators. There have been recent initiatives and collaborations by 3D printing companies, hospitals, government organizations, and researchers to utilize the capabilities of 3D printing for manufacturing critical medical equipment, including masks, face shields, PPE kits, and hoods for non-invasive ventilation in CPAP/PEEP respiratory support. For instance, 3D printing companies have developed cutting-edge manufacturing ventilators, where a single ventilator can cater to multiple patients using a 3D printed ventilator splitter.
Although a dramatic shortage of PLA filaments is observed in the 3D printing industry amidst the rising demand for medical devices, the supply chains have not reacted quickly enough to deliver PLA filaments where necessary. The exponential growth in demand for medical equipment during the COVID-19 pandemic is expected to create immense opportunities for companies operating in the 3D printing PLA market in the coming years.
Key Findings in the 3D Printing PLA Market Study:
During the forecast period, the consumer products segment is expected to hold the largest share
Based on application, in 2020, the consumer products segment is projected to account for the largest share of the 3D printing PLA market. The large share of this segment is mainly attributed to the booming consumer electronics industry & advancements in technology and the growing need to develop customized products, increasing in-house production. Moreover, 3D printing technology aids the functional prototyping, design, tooling, and series part production of consumer products, thereby driving the adoption of 3D printing technology to develop consumer products.
The electronic component segment is expected to hold the largest share during the forecast period
Based on the type of consumer products, the electronic components segment is poised to command the largest share of the 3D printing PLA market in 2020. The factors attributed to the large share of this segment are the rapidly growing adoption of PLA in the manufacturing of electronic components and the rising demand for sustainable and eco-friendly electronic components. Moreover, 3D printing is widely adopted in the consumer electronics industry to increase agility in the development & manufacture of consumer products, reduce the time to market, and boost manufacturing efficiency.
The equipment & machines segment to lead in terms of market share through 2027
Based on the type of industrial applications, the equipment and machines segment is expected to command the largest share of the 3D printing PLA market. The large share of equipment and machine segment is majorly attributed to the wide and adoption of 3D printing PLA in the designing prototyping of equipment and machines owing to its sustainable and eco-friendly nature, emphasis on enhancing the strength of the filament to allow for flexibility in production and prototyping of machines, and reduction in lead time allowing inexpensive production of a product in much smaller volumes or on a case-by-case basis.
The Asia-Pacific region is poised to grow at the fastest CAGR during the forecast period.
The high growth of 3D Printing PLA in the Asia-Pacific region is majorly attributed to the robust industrial base, increased funding for research & development, and government-led strategies & policies, such as digitalization Industry 4.0. Moreover, the increasing adoption of digitalization strategies across developing nations, the booming consumer products market, and the growing adoption of 3D printing in the healthcare, construction, and education sectors provide significant growth opportunities for 3D printing PLA in the Asia-Pacific region. The North American region is expected to lead the market in terms of market share during the forecast period.
Key Players
The report includes a competitive landscape based on an extensive assessment of the key strategic developments adopted by leading market participants in the industry over the past three years (2017-2019). The key players operating in the 3D printing PLA market are Stratasys Ltd. (Israel), Colorfabb B.V. (Netherlands), Ultimaker B.V. (Netherlands), Polymaker (China), Torwell Technologies Co. Ltd. (China), Matterhacker Inc. (U.S.), Evonik Industries AG (Germany), BASF SE (Netherlands), Zortrax (Poland), Fillamentum (Czech Republic), Sculpteo (France), Formfutura (Netherlands), IC3D Inc. (U.S.), Protoplant Inc. (U.S.), and Amolen (China).
SCOPE
3D Printing PLA Market, by Application
Consumer Products
Automotive Parts
Industrial Applications
Healthcare
Aerospace & Defense
Other Applications
Electronic Components
Jewelry, Artistic Items, and Other Products
Equipment & Machines
Goods & Materials
Prototype Weapons
Body & Spare Parts
3D Printing PLA Market, by Geography
North America
Europe
Asia-Pacific (APAC)
Latin America
Middle East and Africa
U.S.
Canada
Germany
U.K
France
Italy
Spain
Russia
Rest of Europe
Japan
China
South Korea
India
Rest of Asia-Pacific (RoAPAC)
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Mechanical Ventilator Market
Market Overview
Global "Mechanical Ventilator Market” Expected to reach a high CAGR of 6.6% during the forecasting period of (2021 - 2028).
The mechanical ventilator is an artificial breathing device that is used by patients who are unable to breathe naturally due to acute medical conditions.
It is a life support system that helps patients breathe when they are unable to maintain adequate alveolar ventilation. A patient is connected to a ventilator through an endotracheal tube directly applied to the airway of a patient or NIV face mask.
Ventilators are often used during surgery when the patient is given anesthesia; respirators help to put patients to sleep without interrupting normal breathing. It also diagnoses airway resistance and irregular functioning of the respiratory system. The failure of ventilators may result in death so it is classed as a life-critical system and should be highly reliable.
The device is used among patients who have had suffered a spinal cord injury, stroke or neuromuscular disorder or are suffering from a chronic obstructive pulmonary disease (COPD), apnea, acute lung injury or hypoxemia.
Currently, a portable mechanical ventilator is the most widely used ventilator in the market.
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Market Dynamics
Significant drivers, driving the mechanical ventilator market include an increase in the incidence of COPD, growth in the geriatric population, technological innovations and advancements in portability and design, and supportive government funding.
According to the World Health Organization (WHO), 65 million people suffer from moderate to severe COPD in 2017, causing 3 million deaths. COPD is the third most fatal disease across the globe. Increasing cases of COPD, bronchitis, and asthma are due to a rise in air pollution levels. WHO data states that 9 out of 10 people are breathing air containing a high concentration of pollutants.
According to the United Nations, the global geriatric population was around 809.4 million in 2018, and by 2050 it is anticipated to grow more than double to reach an estimated population of over 2,000 million. The geriatric population is associated with many respiratory severe disorders that require continuous long-term ventilation.
Market Restraints
Tight budgetary constraints faced by ventilator manufacturers and healthcare service providers and risks associated with mechanical ventilation procedures like the entry of bacteria into the lungs via the endotracheal tube causing pneumonia or injury of the lung are restricting the growth of this market.
Market Segmentation
The global mechanical ventilator market is segmented on the basis of product type as stationary and transport/portable ventilator, on the basis of age group as intensive/critical care and neonatal ventilator, by interface as a non-invasive and invasive ventilator, by mode as combined mode, volume mode, and pressure mode ventilator, by end-user and by region.
According to Draeger, a primary key player in the mechanical ventilator market, transport/portable mechanical ventilators held XX% of the market share in 2018 and is expected to increase to YY% by 2026. This is due to an increased usage of portable ventilators in hospitals to provide continuous and faster care to patients before their arrival in the premises.
Portable ventilators prompt the patients to adopt home care thus increasing the patient’s safety and comfort.
Neonatal care is also expected to witness a rise in market share by 2026. According to WHO, every year an estimated 15 million babies are born preterm, and the numbers are rising, these babies need oxygen therapy immediately after birth.
Geographical Share
According to geography, the mechanical ventilator market is segmented into North America, Europe, South America, Asia-Pacific, and the rest of the world.
North America accounted for the largest market for mechanical ventilators in the year 2018 followed by Europe and the Asia Pacific. U.S. is estimated to have a market share of XX% in 2026.
According to The American Association for the Surgery of Trauma, 890,257 hospitalizations in the U.S. involved mechanical ventilation in 2018, representing 3.8 episodes of mechanical ventilation per 1000 population. The robust healthcare system, active research activities, awareness of the latest health care technologies, and the presence of significant market players like Bunnell Inc., ResMed Inc., Smiths Medical, and Medtronic plc. are the key factors attributed to the large share of mechanical ventilators market in North America.
According to the Center for Disease Control and Prevention, COPD was the third leading cause of death in the United States in 2018; great cases of COPD are due to an increase in smoking and air pollution. According to WHO statistics, the U.S. is responsible for 5% of total global air pollution.
Europe is anticipated to register profitable growth over the forecast period. According to the European Lung Foundation, there is a significant rise in the cases of COPD in 2017, around 2 to 3 lacks people die each year in Europe because of COPD.
According to the British Lung Foundation, in 2018, approximately 2% of the entire population and 4.5% of all people aged over 40 are living with diagnosed COPD in the UK.
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Competitive Trends
The key players in mechanical ventilators are Draeger, Vyaire Medical, Philips Respironics, Smiths Medical, Becton Dickinson and Company, Ventinova, Medtronic, Plc. And Mindray Medical International Limited. The other players in the market include Tecme SA, ResMed Corp., and Fisher & Paykel Healthcare Limited.
In September 2018, Philips Respironics launched Trilogy Evo Ventilator which is a portable life support ventilator designed to stay with patients and provide them with consistent therapy and monitoring change care environments when their condition changes.
In April 2018, Claire Medical, a global leader in respiratory care-acquired Acutronic Medical Systems which is a globally recognized manufacturer of neonatal ventilation equipment.
In September 2017, Mindray Bio-Medical Electronics Co., Ltd. launched ventilator SV800 and increased its product portfolio.
In September 2017, Becton Dickinson acquired C.R. Bard and CareFusion to enhance the company’s respiratory health product portfolio.
In August 2017, Ventinova launched its new mechanical ventilator Evone and started introducing it in selected hospitals in Europe from 2018.
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The Non-invasive Ventilation Masks and Circuits Market size for Non-Invasive Ventilation Masks and Circuits stood at $3.638 billion, reflecting a steady upward trajectory. With a Compound Annual Growth Rate (CAGR) of 9.54%, the market is poised for continued expansion, reaching an estimated size of $8.857 billion by 2032. Non-invasive ventilation (NIV) has revolutionized respiratory care by providing effective respiratory support without the need for invasive procedures like intubation. The non-invasive ventilation masks and circuits market has been experiencing substantial growth, driven by increasing prevalence of respiratory diseases, technological advancements, and the growing aging population. This article provides an in-depth analysis of the market dynamics, key drivers, challenges, and future prospects.
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Market Dynamics
The non-invasive ventilation masks and circuits market encompasses a variety of products designed to deliver ventilatory support to patients without the need for invasive intubation. These products include nasal masks, full-face masks, and circuits that connect the masks to ventilators. NIV masks and circuits are widely used in the treatment of conditions such as chronic obstructive pulmonary disease (COPD), obstructive sleep apnea (OSA), and acute respiratory failure.
Key Drivers
1. Rising Prevalence of Respiratory Diseases: The increasing incidence of respiratory conditions such as COPD, asthma, and OSA is a major driver of the NIV masks and circuits market. According to the World Health Organization (WHO), COPD is the third leading cause of death worldwide, causing 3.23 million deaths in 2019. The growing burden of these diseases necessitates effective treatment options, boosting the demand for NIV masks and circuits.
2. Technological Advancements: Continuous innovation in NIV technology has significantly improved the efficacy and comfort of non-invasive ventilation. Modern NIV masks are designed to provide better fit, reduced air leakage, and enhanced patient comfort. Innovations such as gel cushions, ergonomic designs, and advanced materials have made NIV masks more user-friendly and effective.
3. Aging Population: The global aging population is another critical factor driving the market. Elderly individuals are more susceptible to respiratory diseases and often require ventilatory support. The increasing number of geriatric patients is contributing to the rising demand for NIV masks and circuits.
4. Impact of COVID-19: The COVID-19 pandemic has had a profound impact on the NIV masks and circuits market. The virus primarily affects the respiratory system, leading to a surge in demand for respiratory support devices, including NIV masks and circuits. Hospitals and healthcare facilities globally experienced increased demand for these products to manage COVID-19 patients, further propelling market growth.
Challenges
Despite the promising growth prospects, the NIV masks and circuits market faces several challenges. One significant challenge is the high cost of advanced NIV devices, which can be a barrier for adoption, especially in low- and middle-income countries. Additionally, the lack of skilled healthcare professionals to operate and manage NIV systems can hinder market growth.
Another challenge is patient compliance. While NIV is less invasive than traditional intubation, some patients may find wearing masks uncomfortable or claustrophobic, leading to poor adherence to treatment protocols. Addressing these issues through patient education and improved mask designs is crucial for market growth.
Regional Analysis
The non-invasive ventilation masks and circuits market is geographically segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America holds a significant share of the market, driven by the high prevalence of respiratory diseases, advanced healthcare infrastructure, and strong presence of key market players.
Europe is another prominent market, with countries like Germany, France, and the UK leading in terms of demand for NIV masks and circuits. The Asia Pacific region is expected to witness the fastest growth, attributed to increasing healthcare expenditure, rising awareness about respiratory diseases, and improving healthcare infrastructure.
Future Prospects
The future of the non-invasive ventilation masks and circuits market looks promising, with several trends expected to shape its growth. The integration of artificial intelligence (AI) and machine learning (ML) in NIV devices is anticipated to enhance their functionality and patient outcomes. AI-powered NIV systems can optimize ventilation settings, monitor patient conditions in real-time, and provide personalized treatment plans.
Additionally, the development of portable and home-use NIV devices is expected to expand the market. As more patients prefer home-based care, manufacturers are focusing on designing compact, easy-to-use NIV systems that can be used outside hospital settings.
Key Players
ResMed Inc.
Philips Respironics (a subsidiary of Royal Philips)
Fisher & Paykel Healthcare Limited
Medtronic plc
Drägerwerk AG & Co. KGaA
Vyaire Medical Inc.
Hamilton Medical AG
Smiths Medical (a division of Smiths Group plc)
Teleflex Incorporated
Air Liquide Healthcare
Segments
By Product Type
Masks
Circuits
By Application
Chronic Respiratory Disorders
Acute Respiratory Distress
By End User
Hospitals and Clinics
Homecare Settings
By Region
North America
The U.S.
Canada
Mexico
Europe
Germany
France
The U.K.
Italy
Spain
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
South-east Asia
Rest of Asia Pacific
Latin America
Brazil
Argentina
Rest of Latin America
Middle East & Africa
GCC Countries
South Africa
Rest of Middle East and Africa
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COVID-19 Impact on the Non-Invasive Ventilation Masks Market: By 2022 to 2028
The global non-invasive ventilation masks market is expected to grow from US$ 2001.7 million in 2022 to US$ 2578 million by 2028, at a CAGR of 4.3% during the forecast period. The growth of the market is attributed to the increasing prevalence of respiratory diseases, such as COPD and asthma, the rising demand for home healthcare, and the technological advancements in NIV masks.
Non-invasive ventilation (NIV) masks are used to deliver pressurized air or oxygen to patients with respiratory problems without the need for intubation. NIV masks are typically used to treat patients with chronic obstructive pulmonary disease (COPD), asthma, pneumonia, and other respiratory conditions.
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Non-invasive ventilation (NIV) masks are used to deliver positive airway pressure to patients with respiratory problems without the need for intubation or a tracheotomy. NIV masks are typically made of soft, flexible materials and are designed to fit snugly over the patient's nose and mouth. They are connected to a ventilator, which delivers pressurized air to the mask. This pressurized air helps to keep the patient's airways open and improve their breathing.
Key Takeaways from the Non-invasive Ventilation Masks Market Report by 2022 to 2028
The global non-invasive ventilation masks market is expected to grow from US$ 2001.7 million in 2022 to US$ 2578 million by 2028, at a CAGR of 4.3% during the forecast period.
The market is driven by the increasing prevalence of chronic obstructive pulmonary diseases (COPD), asthma, and other respiratory disorders.
The oronasal masks segment is the largest segment in the NIV masks market, accounting for a significant share of the market in 2022.
The home care segment is the fastest-growing segment in the NIV masks market, owing to the increasing demand for home care services.
North America is the largest market for NIV masks, followed by Europe and Asia Pacific.
Key Players in the Non-invasive Ventilation Masks Market:
ResMed, Inc.
Koninklijke Philips N.V.
Fisher & Paykel Healthcare Ltd.
Drägerwerk AG & Co. KGaA
Air Liquide Medical Systems
Intersurgical Ltd.
BMC Medical
DeVilbiss Healthcare LLC
Vyaire Medical, Inc.
Armstrong Medical
Non-invasive Ventilation Masks Market Segmentation:
By Product:
Oronasal Masks
Nasal Masks
Full-Face Masks
Helmets
By Application:
COPD
Asthma
Pneumonia
Neuromuscular Diseases
Cardiogenic Pulmonary Edema
Other Applications
By End User:
Hospitals
Home Care
Ambulatory Care Centers
Other End Users
By Geography:
North America
Europe
Asia Pacific
Middle East & Africa
South America
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Outlook of Neonatal Ventilator Market - Explore the 2021 to 2030 Industry Analysis & Forecast
Ventilator is a medical device that is used regularly in medical settings to provide mechanical support in exchange for oxygen and carbon dioxide. This process is also known as artificial respiration. Failure of newborn breathing is mainly treated with the means of newborn ventilator. These devices provide the ability to breathe in and out of the lungs to provide oxygen to the breathing patient. Due to the importance of the ventilator and related technological advances, the growing awareness amongst health experts, the market is expected to grow due to the new ventilator. In addition, heavy improvements in healthcare infrastructure are also increasing the use of technologically advanced and innovative newborn ventilators.
Key Players in Neonatal Ventilators Market are Becton, Dickinson and Company, Fisher and Paykel Healthcare Limited, GE Healthcare, Getinge AB, Hamilton Medical, Koninklijke Philips N.V., MEDTRONIC, Smiths Medical, ACUTRONIC Medical Systems AG, Airon Corporation, Drägerwerk AG & Co. KGaA, Nihon Kohden Corporation, Sechrist Industries Inc. and Vyaire Medical.
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The introduction of respirators for infants was one of the time-changing and life-saving innovations, which the manufacturers have developed to provide life-saving support to newborns suffering from respiratory disease. The neonatal ventilator improves the survival rate of infants through the development of alternative surgeries and prematurely develops medical techniques such as corticosteroid adverse effects for children, especially with functional pulmonary functioning of babies. In various ways of ventilation, the ventilator is determined by the distribution of positive pressure ventilation through a constant amount, a constant pressure, airway pressure release ventilation, pressure regulated volume control, support-control ventilation or a tight-fitting mask, Which one tightly-through the ace mask Both nose and mouth
The Neonatal Ventilator Market report provides information based on the internal and external data and expert surveys of the industry provides a comprehensive report on the development of the global market of neonatal ICU ventilators in various sectors and countries at the time of exploration. This report has commitments to market factors, the market drivers of the neonatal ventilator, limitations, difficulties, patterns and market factors for which disclosure is widely described. Newborn ventilator will experience favorable growth during market forecasts and the user will get to know about the increase in mortality rate due to respiratory diseases and the main driver of the respiratory illnesses. In addition, timely technical development of the neonatal respiratory system will encourage industrial development to address the appalling conditions of infants with respiratory problems. Also, It should be demonstrated that the rate of growth rate of fertility in developing countries affects the index.
This report focuses on the quantity and value of the Neonatal Ventilator Market at global level, regional level and company level. From a global perspective, this report represents the size of the overall newborn ventilator market by analyzing historical data and future prospects. This report focuses on key areas like North America, Europe, China and Japan. A comprehensive analysis of all regions is provided to determine the dominant opportunities. Key players and their strategies have been thoroughly analyzed to understand the competitive outlook of the global market. Extensive product analysis clarifies the use of a neonatal ventilator in a medical environment.
Neonatal Ventilator Market Segmentation:
By Type
Portable/ Transportable Ventilator
Intensive Care Ventilator
By Mode
Pressure-mode Ventilation
Combined-mode Ventilation
Volume-mode Ventilation
Others
By Interface
Invasive Ventilation
Non-Invasive Ventilation
By End User
Hospitals
Clinics
Ambulatory Care Centers
Others
By Region
North America [U.S., Canada, Mexico]
Europe [Germany, UK, France, Italy, Rest of Europe]
Asia-Pacific [China, India, Japan, South Korea, Southeast Asia, Australia, Rest of Asia Pacific]
South America [Brazil, Argentina, Rest of Latin America]
Middle East & Africa [GCC, North Africa, South Africa, Rest of the Middle East and Africa]
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Patient Monitoring Devices Market Indicates Impressive Growth Rate In Healthcare And Pharmaceuticals Temperature Monitoring Industry
According to the new market research report “Patient Monitoring Devices Market by Product (EEG, MEG, TCD, Pulse Oximeter, Spirometer, Fetal Monitor, Temperature Monitoring, MCOT, ECG, ICP, ILRs, Blood Glucose Monitoring, Blood Pressure Monitor), End-User (Hospitals, ASCs) – Global Forecast to 2025″, published by MarketsandMarkets™, the Patient Monitoring Devices Market is projected to reach USD 55.1 billion by 2025 from USD 36.4 billion in 2020, at a CAGR of 8.6% during the forecast period.
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The growth of this market is mainly driven by the growing number of hospitals across major markets, increasing awareness about vital parameter monitoring for treatment and diagnosis of chronic diseases coupled with the increasing adoption of wearable and wireless patient monitoring devices for homecare. Moreover, rising R&D investments by the key players operating in the market to develop advanced monitoring devices coupled with growing funding & grants for commercialization and development of monitoring devices are other important factors to drive the market growth in the near future.
As a result of the pandemic, during March 2020 and throughout the second quarter of 2020, access to customers to sell and implement the patient monitoring devices (such as neuromonitoring devices, weight monitoring devices) diminished as hospitals became primarily focused on the COVID-19 pandemic. The pandemic has led to a significant increase in the demand for remote monitoring and patient engagement solutions. COVID-19 has led to a significant surge in demand for patient monitoring systems, and manufacturers are increasingly focusing on expanding production to meet the increasing need for respiratory monitoring devices, multi-parameter monitoring devices, blood glucose monitoring devices, cardiac monitoring devices, temperature monitoring devices, hemodynamic/pressure monitoring devices, and fetal/neonatal monitoring devices.
The ECG devices sub segment of cardiac monitoring devices products to hold major market share by 2025
Based on the product, the patient monitoring device market is segmented into blood glucose monitoring systems, cardiac monitoring devices, multiparameter monitoring devices, respiratory monitoring devices, temperature monitoring devices, hemodynamic/pressure monitoring devices, fetal and neonatal monitoring devices, neuromonitoring devices, weight monitoring devices and other patient monitoring devices. The cardiac monitoring devices products segment is further divided into ECG devices, event monitors, implantable loop recorders (ILRs), mobile cardiac telemetry (MCT) monitors, and smart/wearable ECG monitors. Among the cardiac monitoring devices products, the ECG devices segment held a major share of the market in 2019. The wide applications of ECG devices in CVD management are a major factor contributing to the growth of this market segment. Other factors supporting market growth include the low cost of ECG devices and the simplicity, easy-to-access nature, and compact & ergonomic design of these devices.
Based on product, the blood glucose monitoring systems segment is expected to account for the largest share of the patient monitoring devices market in 2019
Based on type, the blood glucose monitoring systems market has been segmented into the self-monitoring blood glucose systems and continuous glucose monitoring system. Among these, the self-monitoring blood glucose systems sub-segment dominated the market in 2019. The major share of the segment is attributed to the rising adoption of integrated blood glucose monitoring systems in developing as well as developed countries. New products have been introduced in the market that allow for easier result interpretation. LifeScan, for example, launched the OneTouch Verio Flex in 2016, which comes with the ColorSure technology to determine if blood glucose levels are low or high. Many manufacturers offer smartphone-connected meters that allow information transfer using Bluetooth. Request for sample pages : https://www.marketsandmarkets.com/requestsampleNew.asp?id=678 North America is expected to dominate the global patient monitoring market in 2019
North America, comprising the US and Canada, accounted for the largest share of the patient monitoring devices market in 2019. Increasing number of clinical trials validating patient monitoring devices and a growing number of approvals for patient monitoring. Are the major factors driving market growth in North America. Customers in North America are moving towards homecare patient monitoring, which requires non-invasive patient monitoring devices. This trend will have a positive impact on the market.
Abbott Laboratories (US), HILL-ROM HOLDINGS, INC. (US), Drägerwerk AG & Co. KGaA (Germany), Edwards Lifesciences Corporation (US), OMRON Corporation (Japan), Masimo Corporation (US), Compumedics Limited (Australia), Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China), Nihon Kohden Corporation (Japan), Natus Medical (US), Medtronic plc (Ireland), Koninklijke Philips N.V. (Netherlands), GE Healthcare (US), Getinge AB (Sweden), Boston Scientific Corporation (US), Dexcom, Inc. (US), Nonin (US), BIOTRONIK (Germany), SCHILLER (Switzerland), and BioTelemetry, Inc. (US), among othersare some of the major players operating in the global patient monitoring devices market.
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Cardiac Monitoring & Cardiac Rhythm Management Devices Market By Product CM (ECG (Holter Monitor), ILR, Event Monitor)), CRM ((Defibrillator (ICD) External (AED)), Pacemaker (CRT P, Dual Chamber Pacemaker)), End User – Global Forecast to 2025 https://www.marketsandmarkets.com/Market-Reports/cardiac-monitoring-advanced-technologies-and-global-market-55.html
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Impact Assessment of COVID-19 Outbreak on Anesthesia Face Masks Market
Anesthesia Face Masks Market Introduction
Anesthesia face masks are used to deliver oxygen or inhalation anesthetics during surgical procedures. These masks cover the mouth and nose of a patient. These are made of rubber or silicone. Anesthetic face masks are used for bag mask ventilation (BMV). These are also used to provide non-invasive ventilation (NIV). Face masks consist of a cuff which ensures complete seal between the mask and patient's face.
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Anesthesia Face Masks Market - Competitive Landscape
Key players operating in the global anesthesia face masks market are engaged in collaboration to expand business.
Cardinal Health
Cardinal Health is a global integrated health care services and products company. It provides customized solutions to hospitals, health systems, pharmacies, ambulatory surgery centers, clinical laboratories, and physician offices across the world. Cardinal Health provides clinically proven medical products and pharmaceuticals and cost-effective solutions that enhance supply chain efficiency from hospital to home.
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GE Healthcare
GE Healthcare is a subsidiary of General Electric (GE) Company. It offers various services and products including life care solutions, bone health, diagnostic imaging solutions, health care IT solutions, radiography, fluoroscopy, surgical imaging products, dose management, drug discovery, biopharmaceutical manufacturing technologies, and education solutions.
GE Healthcare operates through three business segments: life sciences, health care systems, and health care digital. GE Healthcare provides services to customers in regions such as the U.S., Europe, Asia, Latin America, and Middle East & Africa. It has commercial presence in over 140 countries and R&D sites across the world.
Intersurgical Ltd.
Intersurgical Ltd. is a U.S.-based company established in 1991. The company is actively involved in new product development by implementing advanced technology. It offers a range of airway management and anesthesia products.
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Smiths Medical, Inc. (Smiths Group plc)
Smiths Medical, Inc. is one of the five divisions of Smith Group plc, a global technology company listed on the London Stock Exchange. Smith’s Medical supplies medical devices and consumables that are vital for patient care globally. The company operates in over 30 countries, with manufacturing units located in North America, Europe, and Asia.
Smiths Medical has manufacturing facilities in the U.S., the U.K., Mexico, Italy, Germany, the Czech Republic, and China. The company’s major customers are hospitals. The group also does business with the alternate care market, such as home care, clinics, and other surgery centers.
Other players in the global anesthesia face masks market include Drägerwerk AG & Co. KGaA, Medline Industries, Inc., Ambu A/S, BD, Flexicare (Group) Limited, KindWell Medical, and HSINER.
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Anesthesia Face Masks Market - Dynamics
Increase in Number of Surgeries Drives Market
Anesthesia face masks are extensively used for non-invasive ventilation for respiratory failure. Increase in the number of surgeries and rise in prevalence of chronic diseases are expected to propel demand for anesthesia face masks which in turn is likely to augment the global anesthesia face masks market during the forecast period. According to the National Center for Health Statistics, nearly 48 million surgical inpatient procedures were performed in the U.S. in 2009.
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Increase in Geriatric Population Fuels Market Growth
The geriatric population is prone to various diseases such as cardiovascular and respiratory which increases the number of emergency surgeries. The population aged above 65 years usually suffers from various health disorders. Hence, increase in the geriatric population augments the global anesthesia face masks market. According to the United Nation Organization, around 62 million people are aged 60 or above in the world which is approximately 13% of the global population.
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Sales of Mechanical Ventilator Market to Generate US$127.9 Bn Revenue Through 2030
Market Overview:
The Global Mechanical Ventilator Market was valued at USD 127.9 billion by 2020, growing with 8.9% CAGR during the forecast period, 2021-2030.
Mechanical ventilators are artificial breathing devices used by individuals who are unable to breathe normally due to severe medical problems. It is a life-sustaining system that assists patients in breathing when they are unable to maintain adequate oxygen delivery. A patient is linked to a ventilator through an endotracheal tube directly attached to the patient's airway or an NIV face mask.Ventilators are frequently used during operation when the patient is sedated;mechanical ventilator respirators assist in putting patients to sleep without interfering with regular breathing. It also detects airway resistance and abnormal respiratory system function. The failure of ventilators might lead to death.The development of coronavirus illness has created a dilemma in which severely ill COVID-19 patients may outnumber available ICU beds. The need for intensive care beds will rise in the foreseeable future as hospital admissions rise across Europe. Mechanical ventilators will be in high demand as a result of this.
Market Dynamics and Factors: The key drivers driving themechanical ventilator market throughout the projected period include an increase in the prevalence of Chronic Obstructive Pulmonary Disease (COPD), fast expansion in the geriatric population, technological innovation, and an increase in the frequency of respiratory crises in respiratory care devices.As per the United Nations, the worldwide geriatric population was about 809.4 million in 2018, and by 2050, it is expected to more than double to over 2,000 million.
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The geriatric population is linked with a variety of severe respiratory disorders that necessitate continuous long-term breathing. The development of patient-friendly, cost-effective, and portable technologies encourages their use even more.The growing elderly population base that requires long-term ventilation is projected to boost demand for healthcare institutions that provide long-term treatment for chronic respiratory diseases. Themechanical ventilator market is anticipated to expand due to an increase in the demand for emergency treatment for extended illnesses and protracted therapy associated with lung disorders in both children and adults.Market Segmentation:
Mechanical ventilator market can be segmented by Mobility (Intensive Care Ventilators, and Portable Ventilators), Interface (Invasive Ventilation, and Non-Invasive Ventilation), End User (Hospitals, Home Healthcare, and Other End Users), and By Region (Latin America, Middle East and Africa, Asia Pacific, North America, and Europe).Competitive Scenario:
Some of the key players operating in the mechanical ventilator market share includes include Draeger, Vyaire Medical, Philips Respironics, Smiths Medical, Becton Dickinson and Company, Ventinova, Medtronic, Plc. And Mindray Medical International Limited. The other players in the market include ResMed Corp., Tecme SA, GE Healthcare, Smiths Medical, Fisher &Paykel Healthcare Limited. In June 2021 millions of units of the Philips Bi-Level Positive Airway Pressure (Bi-Level PAP), Continuous Positive Airway Pressure (CPAP), and mechanical ventilator devices over Cancer risk.
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Geographic Analysis: North America is leading the mechanical ventilator market share, accounting for the majority of sales. This dominance is due to an increase in the number of serious critical COVID-19 patients in the United States, as well as the existence of prominent manufacturers. Furthermore, conventional industries have shifted their focus to the manufacturing of medical supplies such as masks, mechanical ventilators, and other medical gadgets. This, in turn, is projected to offer this regional market with a substantial growth trajectory in the next fiscal quarters.The Asia Pacific market is expected to develop at a rapid pace over the projected period for the mechanical ventilators market, owing to growing COVID 19 instances, chronic respiratory illnesses, rising healthcare spending, and different partnerships and strategic agreements.
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