Nitric Oxide Management Systems Market Growing Demand to Impact Revenue Share during 2017-2026 // Bellerophon Therapeutics, BOC Healthcare, Dan Hammer Health Ltd., EKU Elektronik GmbH, GeNO LLC
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Major driving factors of Nitric Oxide Management Systems Market are rising pediatric cardiopulmonary bypass surgery coupled with increasing prevalence of neonatal pulmonary hypertension and acute respiratory distress syndrome. In addition, nitric oxide management systems characteristics such as compactness and user-friendly behavior that lead towards increased demand during the forecast period. Cost-effectiveness and easy fabrication of the auxiliary holding devices with the main ventilation unit makes nitric oxide management systems a promising option in the healthcare facilities. Moreover, inadequate reimbursement policy and supply constraint factors are expected to hamper the market growth during the forecast period.
The global market for nitric oxide management systems is segmented on basis of product type, end user and geography.
Portable systems is expected to be the dominant segment in the nitric oxide management systems market due to its high adoption over other product types. Hospital and clinics segment is the major end-use segment in the nitric oxide management systems market owing to widespread utilization of system in the neonate and intensive care units. Homecare setting will also cover significant market share due to the rehabilitation of geriatric patients suffering from acute respiratory distress syndrome
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On the basis of regional presence, the global nitric oxide management systems market is segmented into five key regions viz. North America, Latin America, Europe, Asia-Pacific, and Middle East & Africa. North America followed by Europe is expected to lead in the global nitric oxide management systems market due to the rising prevalence of acute respiratory distress syndrome in the adult population and the presence of key players actively engaged in the manufacturing of nitric oxide management systems. The Asia Pacific market is also expected to grow at a higher rate owing to rising prevalence of neonate pulmonary hypertension. Competitive market formed due to the emergence of local providers of nitric oxide management systems contributes to the growth of Asia Pacific market.
Examples of some of the key players in the global Nitric Oxide Management Systems market are Bellerophon Therapeutics, BOC Healthcare, Dan Hammer Health Ltd., EKU Elektronik GmbH, GeNO LLC, International Biomedical, SLE, Mallinckrodt Pharmaceuticals, Praxair, Inc. and Vapothermand. Acquisition, mergers, strategic collaborations, and technology play vital roles in the growth of the global nitric oxide management systems market. The key players are also focused on design, development, and commercialization of next-generation nitric oxide management systems to address unmet medical needs of patients with cardiopulmonary conditions.
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