Press release
High Flow Ventilators Global Market 2023 | Size, Industry Analysis, Key Insights And Forecast To 2032
High Flow Ventilators Market Analysis
The Business Research Company's High Flow Ventilators Global Market Report 2023 identifies increasing prevalence of chronic obstructive pulmonary disease (COPD) as the major driver for the high flow ventilators market's growth in the forecast period. COPD refers to a chronic inflammatory lung disease that makes it difficult to breathe and is characterized by airflow limitation that is not fully reversible and is usually progressive. The increasing prevalence of COPD is mostly driven by the increasing aging population, poor lifestyles, smoking habits, and rapid industrialization, where high-flow ventilators are an effective therapy for conditions related to respiratory diseases by delivering oxygen, through nasal prongs.
The global high flow ventilators market size is expected to grow from $28.91 billion in 2022 to $31.78 billion in 2023 at a compound annual growth rate (CAGR) of 9.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global high flow ventilators market size is expected to reach $46.41 billion in 2027 at a CAGR of 9.9%.
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Major competitors in the high flow ventilators market are ResMed Inc., Hamilton Medical AG, Hersill SL, ZOLL Medical Corporation, Percussionaire Corporation, Vyaire Medical Inc., Koninklijke Philips NV.
A key trend in the high flow ventilators market includes growing popularity of portable high flow ventilators. Major market players are concentrating their efforts on creating innovative products to strengthen their position in the market. For example, in October 2021, Movair, a US-based respiratory therapy company, launched an Advanced Ventilator-Luisa. The Luisa ventilator is easy to use, compact, and portable, and has an intuitive interface and simple controls. It uniquely designed life-supporting ventilator with high-flow oxygen therapy to provide advanced respiratory support to patients with respiratory distress, including those suffering from COVID-19. This unique product has a variety of features with advanced monitoring capabilities, including real-time monitoring of airway pressure, flow, and volume.
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The high flow ventilators market is segmented -
1) By Modality Type: Portable High Flow Ventilators, Trolley Mounted High Flow Ventilators
2) By Interface: Invasive, Non-Invasive
3) By End-User: Hospitals, Ambulatory Surgical Centers, Specialty Clinics, Long Term Care Centers, Other End Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the high flow ventilators market.
The Business Research Company's "Global High Flow Ventilators Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The High Flow Ventilators Market Include:
1. Executive Summary
2. High Flow Ventilators Market Characteristics
3. High Flow Ventilators Market Trends And Strategies
4. High Flow Ventilators Market - Macro Economic Scenario
5. High Flow Ventilators Market Size And Growth
……
26. Africa High Flow Ventilators Market
27. High Flow Ventilators Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The High Flow Ventilators Market
29. High Flow Ventilators Market Future Outlook and Potential Analysis
30. Appendix
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