Non-Invasive Respiratory Therapy Market Segmentation and Revenue Forecasts by Product, Application, and End-Use by 2031

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Non-Invasive Respiratory Therapy Market- (By Product (Non-invasive Positive-pressure Ventilator (PPV) (Bi-level Positive Airway Pressure Ventilator (BiPAP), Constant Positive Airway Pressure Ventilator (CPAP), Autotitrating (Adjustable) Positive Airway Pressure Ventilator (APAP)), Non-invasive Negative Pressure Ventilator (NPV)), By Application (Respiratory Distress Syndrome, Asthma & COPD, Others), By End-Use (Hospitals, Ambulatory Surgical Centers, Others)), Trends, Industry Competition Analysis, Revenue and Forecast To 2031."

According to the latest research by InsightAce Analytic, the Global Non-Invasive Respiratory Therapy Market is valued at US$ 2.36 Bn in 2023, and it is expected to reach US$ 3.61 Bn by 2031, with a CAGR of 5.57% during the forecast period of 2024-2031.

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Non-invasive respiratory therapy includes a variety of treatments and interventions designed to enhance respiratory function and alleviate breathing difficulties without the need for surgical procedures. Over time, non-invasive ventilators have become more portable and efficient, making them increasingly popular in a variety of care settings. This growth in popularity has been particularly evident over the past two decades, with non-invasive ventilation now commonly used in critical care units to address both chronic and acute respiratory insufficiency. Non-invasive ventilation offers several advantages over invasive methods, including the prevention of complications associated with artificial airways, a reduced risk of infections, a lower need for sedative medications, and cost-effectiveness. The growing application of non-invasive ventilators in the treatment of respiratory conditions such as obstructive sleep apnea, as well as in general surgery and trauma care, is expected to drive market growth during the forecast period. Additionally, the rising rate of diagnoses of various respiratory disorders is anticipated to increase the demand for therapeutic devices. Furthermore, technological advancements in non-invasive and portable oxygen concentrators are further fueling global adoption of these devices.

List of Prominent Players in the Non-Invasive Respiratory Therapy Market:
• ResMed Inc.
• Teleflex Incorporated
• Hamilton Medical
• Koninklijke Philips N.V.
• Heyer Medical AG
• Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
• Airon Corporation
• Drägerwerk AG & Co. KGaA
• Fisher & Paykel Healthcare Limited
• Baxter International Inc.
• WILAmed GmbH
• Getinge AB
• Others

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Market Dynamics:
Drivers:
The growth of the non-invasive respiratory therapy market is being driven by several key factors, including the rising prevalence of respiratory disorders, technological advancements, and an increasing focus on patient comfort and safety. Additionally, the rising volume of surgeries performed globally is expected to contribute to increased demand for non-invasive ventilator consumables and disposables. The growing adoption of non-invasive ventilators, due to complications associated with invasive ventilators in both neonatal and adult populations worldwide, is anticipated to further fuel market growth.

Challenges:
The market faces challenges related to limited awareness regarding the benefits and availability of non-invasive respiratory therapy options, both among patients and certain healthcare professionals. This lack of awareness is expected to hinder market growth in the coming years. Additionally, complications associated with ventilator use, such as the risk of pneumonia, may deter the widespread adoption of these devices. Furthermore, advanced non-invasive respiratory therapy devices, such as high-end CPAP and BiPAP machines, are often expensive, with high initial costs potentially deterring healthcare facilities or patients, particularly in regions with constrained healthcare budgets.

Regional Trends:
The North American non-invasive respiratory therapy market is poised to maintain a dominant market share in terms of revenue and is expected to experience a high compound annual growth rate (CAGR) in the near future. Key factors driving market growth in this region include a robust healthcare infrastructure, strong research and development capabilities, and a growing emphasis on patient well-being. The rising incidence of respiratory disorders, coupled with an increase in product approvals, is contributing to market expansion. Furthermore, the ongoing impact of COVID-19, with a significant number of critically ill patients in the United States, is propelling the demand for non-invasive respiratory therapy devices. Additionally, the presence of leading manufacturers in the region is driving increased production capacity.

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Recent Developments:
• In June 2021, Medline Industries, Inc. ("Medline") acquired a substantial portion of Teleflex Incorporated's Respiratory business for $286 Bn in cash, less $12 Bn in working capital not transferred to Medline. The divestiture was finalized by Teleflex Incorporated, a leading global provider of healthcare supplies and services.
• In Nov 2020, Philips released a brand-new non-invasive ventilator specially made for people with COPD. With the Philips Ventilator BiPAP A40 EFL, healthcare professionals could easily check for and find expiratory flow limitation (EFL) to get the best homecare therapy.

Segmentation of Non-Invasive Respiratory Therapy Market-
By Product-
• Non-invasive Positive-pressure Ventilator (PPV)
o Bi-level Positive Airway Pressure Ventilator (BiPAP)
o Constant Positive Airway Pressure Ventilator (CPAP)
o Autotitrating (Adjustable) Positive Airway Pressure Ventilator (APAP)
• Non-invasive Negative Pressure Ventilator (NPV)
By Application-
• Respiratory Distress Syndrome
• Asthma & COPD
• Others
By End-Use-
• Hospitals
• Ambulatory Surgical Centers
• Others
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• 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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This release was published on openPR.