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Non-invasive Ventilator Market to total US$ 5.52 Billion by 2034, expanding at a 7.7% CAGR- Fact.MR Study
Non-invasive Ventilator Market
Non-invasive ventilation (NIV) assists in oxygen supply without an endotracheal tube, and the demand is fueled by increased cases of chronic diseases. NIV is increasingly used for the treatment of acute respiratory failure associated with COPD and chronic lung disease.
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Why is Demand for NIV on the Rise?
The increasing incidence of respiratory conditions is fueling demand for non-invasive ventilators (NIVs). In critical conditions, patients need mechanical ventilation to support breathing, and healthcare systems across the globe have seen increased demand for the devices.
Based on the World Health Organization (WHO), an estimated 65 million individuals live with moderate to severe respiratory illnesses. A growing population and rising incidents of chronic obstructive pulmonary disease (COPD) and asthma are among the primary drivers of NIV adoption and thus make them more crucial than ever before.
New Trends in the Non-Invasive Ventilator Market
Manufacturers are concentrating on portable and lightweight designs, incorporating sophisticated features such as bi-level positive airway pressure (BiPAP) systems to improve efficiency.
One of the key trends is the increasing application of NIVs in home care, providing patients with increased flexibility and better quality of life. This is being fueled by the aging population, growing respiratory diseases, and the need to cut healthcare expenditure.
Regional Outlook
The market penetration of non-invasive ventilators (NIVs) differs regionally based on variations in healthcare infrastructure and population.
North America has the greatest market share due to a high incidence of respiratory diseases and developed healthcare technology.
Europe is second, with the support of its aging population, highly developed healthcare system, and availability of key manufacturers.
Asia Pacific is observing accelerated growth based on a growing population and expanded government investments in healthcare infrastructure. Japan, more than any other region, will be a driver because of strong reimbursement policies as well as a developing elderly population.
Key Players in the Non-invasive Ventilator Market
ResMed Inc.
Teleflex Incorporated
Hamilton Bonaduz AG
HEYER Medical AG
Respironics, Inc.
Airon Corporation
Fisher & Paykel Healthcare
Magnamed
medin Medical Innovations GmbH
Mindray Medical International Limited
O-Two Medical Technologies Inc.
Phoenix Medical Systems Pvt. Ltd.
Smiths Medical, Inc.
WILAmed GmbH
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Recent Developments
March 2023: Airon Corporation launched the pNeuton Mini Ventilator for neonatal and pediatric patients (400g to 25kg). Portable ventilation and NICU are its applications, and it is MRI-compatible without generating image artifacts and increases patient safety with a remote alarm system in the MRI control room.
October 2019: Brammi, a servo-controlled cooling device for newborns, was developed by Phoenix Medical Devices. The device cools body temperature to 32°C for 72 hours, reducing metabolism and inhibiting additional brain cell damage caused by lack of oxygen while restoring blood flow to damaged cells.
Segmentation of the Non-invasive Ventilator Market Research
By Product Type :
Electric
Penumatic
Electro-Pneumatic
By End User :
Hospitals
Speciality Clinics
Home Care Settings
Ambulatory Surgical Centers
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