High Flow Ventilators Global Market 2024 To Reach $51.95 Billion By 2028 At Rate Of 10.5%
The Business Research Company’s High Flow Ventilators Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
LONDON, GREATER LONDON, UK, August 14, 2024 /EINPresswire.com/ — The high flow ventilators market has experienced robust growth in recent years, expanding from $31.78 billion in 2023 to $34.87 billion in 2024 at a compound annual growth rate (CAGR) of 9.7%. The growth in the historic period can be attributed to enhanced monitoring and control systems, a growing geriatric population, expansion in home healthcare, demand in emergency medicine, and applications in postoperative care.
Strong Future Growth Anticipated
The high flow ventilators market is projected to continue its strong growth, reaching $51.95 billion in 2028 at a compound annual growth rate (CAGR) of 10.5%. The growth in the forecast period can be attributed to a focus on non-invasive ventilation, neonatal and pediatric care demand, improved humidification systems, expansion in home healthcare settings, and emergency medicine utilization.
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Growth Driver Of The High Flow Ventilators Market
The increasing prevalence of chronic obstructive pulmonary disease (COPD) is expected to propel the growth of the high flow ventilators market going forward. 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. High-flow ventilators can be beneficial in COPD management by improving oxygenation, reducing the work of breathing, and providing positive end-expiratory pressure, especially during exacerbations or instances requiring advanced respiratory support.
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Major Players And Market Trends
Key players in the high flow ventilators market include ResMed Inc., Hamilton Medical AG, Hersill SL, ZOLL Medical Corporation, Percussionaire Corporation, Vyaire Medical Inc., Koninklijke Philips NV.
Major companies operating in the high-flow ventilators market are focused on developing innovative ventilators, such as turbine-based ventilators, to address challenging clinical scenarios and maximize their profits in the market. A turbine-based ventilator is a medical device designed to provide respiratory support to patients by delivering a controlled flow of air or oxygen into the lungs.
Segments:
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
Geographical Insights: North America Leading The Market
North America was the largest region in the high flow ventilators market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global high flow ventilators market report during the forecast period. The regions covered in the high flow ventilators market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
High Flow Ventilators Market Definition
High flow ventilators refer to breathing support that provides humidified oxygen at a higher flow rate than conventional oxygen therapy. These are commonly used to treat patients who require respiratory support for diseases such as chronic obstructive pulmonary disease (COPD), and other respiratory conditions.
High Flow Ventilators Global Market Report 2024 from The Business Research Company covers the following information:
• Market size data for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The High Flow Ventilators Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on high flow ventilators market size, high flow ventilators market drivers and trends, high flow ventilators market major players, high flow ventilators competitors’ revenues, high flow ventilators market positioning, and high flow ventilators market growth across geographies. The high flow ventilators market report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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