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Non-Invasive Ventilators Market: Major Trends Reshaping the Future of the Industry
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Will the Non-Invasive Ventilators Industry Market Size Be by 2025?
The market size for non-invasive ventilators has seen consistent growth over the past few years. The market value is projected to increase from $2.91 billion in 2024 to $3.05 billion in 2025, reflecting a compound annual growth rate (CAGR) of 4.8%. Various factors contributing to this growth during the historical period include the development of hospital infrastructure, the common occurrence of breathing disorders related to sleep, the patients' inclination towards non-invasive techniques, advancements in respiratory therapy, and an aging population.
What's the Long-Term Growth Forecast for the Non-Invasive Ventilators Market Size Through 2029?
In the coming years, the market size for non-invasive ventilators is predicted to experience significant growth. An escalation to $4.09 billion is expected by 2029 with a compound annual growth rate (CAGR) of 7.6%. The surge in the estimated period can be linked to factors like home-based ventilation systems, preventive health care measures, programs for pulmonary rehabilitation, and initiatives for awareness and education, as well as concerns about climate change and air quality. Key trends in the prediction period encompass portable and wearable gadgets, the incorporation of intelligent technologies, monitoring of patients remotely, integration of telehealth, transition from invasive to non-invasive ventilation, and advancements in ventilation modes technology.
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What Are the Key Growth Drivers Fueling the Non-Invasive Ventilators Market Expansion?
The growth of the non-invasive ventilator market is predicted to be driven by the high incidence rate of respiratory diseases. Respiratory ailments, which involve lung complications such as asthma and chronic lung conditions, rely heavily on these ventilators. These non-invasive devices assist patients by delivering oxygen into the lungs when they are incapable of doing it independently. For example, in September 2022, the World Health Organization (WHO), an affiliate of the United Nations based in Switzerland that oversees global public health, projected that chronic noncommunicable diseases (NCDs) would lead to approximately 41 million deaths annually. These deaths constitute 74% of the global mortality rate. Among these, chronic respiratory diseases alone account for 4.1 million deaths. Hence, this high rate of respiratory conditions fuels the expansion of the non-invasive ventilator market.
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Which Fast-Growing Trends Are Poised to Disrupt the Non-Invasive Ventilators Market?
The continuing development of technology is a notable trend being increasingly recognized in the non-invasive ventilator market. Companies in this market are embracing cutting-edge technologies to maintain their competitive positions. A prime example occurred in November 2023 when Inspiration Healare Group PLC, a medical tech provident based in the UK, introduced the SLE1500 to their neonatal ventilator lineup. This latest addition is specially engineered to offer non-invasive ventilation methods for the tiniest and most fragile infants, giving respiratory support whilst safeguarding their vulnerable lungs. This SLE1500 system integrates six non-invasive delivery techniques into one unit, inclusive of nasal Continuous Positive Airway Pressure (nCPAP) in both flow and pressure control modes, high-flow oxygen therapy, and manual flow applicable for therapies like bubble CPAP. The effectiveness of these options can be elevated with Pulse Oximetry (SpO2) and/or automatic oxygen control (auto FiO2), making use of the OxyGenie.
How Is the Non-Invasive Ventilators Market Segmented?
The non-invasive ventilators market covered in this report is segmented -
1) By Type: Continuous Positive Airway Pressure (CPAP), Autotitrating (Adjustable) Positive Airway Pressure (APAP), Bilevel Positive Pressure (BiPAP)
2) By Power Source: Electric, Pneumatic, Electro-Pneumatic
3) By Application: Chronic Obstructive Pulmonary Disease, Asthma, Respiratory Distress Syndrome, Pneumonia, Other Applications
4) By End-User: Hospitals, Specialty Clinics, Home Care Settings, Ambulatory Surgical Centers
Subsegments:
1) By Continuous Positive Airway Pressure (CPAP): Fixed Pressure CPAP, Auto CPAP (Auto-Adjusting)
2) By Autotitrating (Adjustable) Positive Airway Pressure (APAP): Auto-Adjusting APAP for Sleep Apnea, Adaptive Servo-Ventilation (ASV) APAP
3) By Bilevel Positive Pressure (BiPAP): BiPAP S (Spontaneous Mode), BiPAP ST (Spontaneous/Timed Mode), BiPAP AVAPS (Average Volume-Assured Pressure Support)
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Which Companies Are Leading the Charge in Non-Invasive Ventilators Market Innovation?
Major companies operating in the non-invasive ventilators market include ResMed Inc., Teleflex Incorporated, Hamilton Bonaduz AG, HEYER Medical AG, Airon Corporation, Fisher & Paykel Healare Limited, Smiths Medical International Ltd., O-Two Medical Technologies Inc., Phoenix Medical Systems Pvt. Ltd., Koninklijke Philips N.V., Dragerwerk AG & Co. KGaA, General Electric Healare Co., Magnamed Tecnologia Medica S/A, WILAmed GmbH, Mindray Medical International Limited, Vyaire Medical Inc., GETINGE AB, Medtronic plc, Respironics Inc., medin Medical Innovations GmbH, Comen Medical Instruments Co. Ltd., Löwenstein Medical Technology GmbH + Co. KG, aXcent medical GmbH, Tenko Medical Systems Corp., Beijing Aeonmed Co. Ltd., MEKICS Co. Ltd., Sefam Medical, Becton inson and Company, Allied Healare Products Inc., Air Liquide Medical Systems, Pulmodyne Inc., Bunnell Incorporated
Which Regions Are Leading the Global Non-Invasive Ventilators Market in Revenue?
North America was the largest region in the non-invasive ventilators market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global non-invasive ventilator market during the forecast period. The regions covered in the non-invasive ventilators market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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