Non-invasive Ventilators Market Size, Share, Growth, Trends, Consumption, Revenue, Company Analysis, Regional Insights and Forecast 2021-2028

Published Date : Nov 2020 | No. of Pages : 200 Pages | Category : Healthcare

Global non-invasive ventilators market size to surpass around US$ 2.9 Bn by the end of 2028 with a 6.5% over the period between 2021 and 2028.

The rising demand for home care ventilator systems and consumables is expected to boost the global non-invasive market during the forecast period.

The prevalence of COPD, asthma, and pneumonia is high across the globe. Moreover, rise in the awareness and advancements in diagnostic tools are increasing the diagnostic rate of these diseases. This, in turn, is likely to propel the consumption of non-invasive systems, such as non-invasive PPV and high flow nasal cannula O2 delivery, to treat these conditions.

The demand within the global non-invasive ventilators market is set to increase at a sound pace in the times to follow. There is little contention about the unprecedented use of ventilators across all major healthcare facilities. The development of high-performance ventilators has pushed the medical and healthcare industries towards fruition by reducing the mortality rate across several territories. In addition to this, majority of medical practitioners focus on developing a robust infrastructure that can aid the operations of the healthcare sector. The use of non-invasive ventilators has increased as healthcare units look to offer greater utility to ailing patients. In this scenario, the total volume of revenues within the global non-invasive ventilators market shall grow at a sturdy pace.

Asia Pacific is considered to be a high-growth regional market for non-invasive ventilators.  Infrastructural development and improved healthcare policies promoting better care provision are likely to be responsible for this growth. Surge in government investments in healthcare infrastructure in countries such as India and China, and strategic alliances among players to penetrate developing markets are expected to offer lucrative opportunities. As a result of this, new market entrants can consider developing economies for geographical expansion. In terms of market segments, investments for developing non-invasive ventilator consumables are likely to create greater sales revenue. Furthermore, focus on providing non-invasive ventilators in homecare settings could be a highly profitable avenue for competitors.

Increase in Demand for Homecare and Portable Non-Invasive Ventilators the Latest Trend

  • The demand for homecare and portable non-invasive ventilators is likely to boost the market. Furthermore, the adoption of multifunctional non-invasive ventilator machines is on the rise in emerging markets, which is likely to further propel the non-invasive ventilators
  • Technical advancements in non-invasive ventilators have augmented the accuracy and reliability of these systems for the diagnosis of respiratory diseases. Moreover, their extensive applications in diagnosing others diseases is likely to fuel the non-invasive ventilators market.
  • Rise in the adoption of non-invasive ventilators in emerging markets, owing to lack of proper use of ventilators, drives the non-invasive ventilators market in emerging economies. Surge in the number of healthcare providers in emerging markets is likely to fuel the adoption of non-invasive ventilators during the forecast period.
  • Moreover, the affordability of COPD therapeutic devices such as portable non-invasive systems is likely to drive the adoption of these systems. Additionally, key players operating in the non-invasive ventilators market are investing in raising awareness about COPD, thereby increasing diagnostic rates. These factors are anticipated to drive the global non-invasive ventilators market during the forecast period.
  • Moreover, increase in the number of tobacco smokers and rise in air pollution are key factors fueling the number of COPD cases. WHO estimates that, COPD is likely to be the third-leading cause of death by the year 2030.

Low Adoption Rate of Expensive Non-Invasive Ventilators Restrains the Non-Invasive Ventilators Market

  • Respiratory disease is a leading cause of death, globally. Respiratory devices are required as assistive tools for long-term hospital administration and speedy recovery. The cost associated with respiratory devices is a key factor hampering the accessibility of these devices for lower-middle and lower-income groups.
  • Moreover, medical devices are technology-driven, and hence, the introduction of new technology in the non-invasive ventilators market increases the demand and cost of medical devices. Increase in cost hinders the usage of non-invasive ventilators.
  • Therefore, the low rate of adoption of expensive non-invasive ventilators is anticipated to restrain the market during the forecast period

Rising Incidence of Pulmonary Diseases 

The use of non-invasive ventilators for patients suffering from pulmonary diseases has increased by leaps and bounds. Medical researchers attribute the rising incidence of lung diseases to growing pollution levels across the globe. There is a pressing demand for improved infrastructure, especially across high-end healthcare units. The central healthcare authorities of all leading countries are making deliberate efforts to increase the total number of ventilators available across that region. Moreover, the national development index of countries largely depends on the quality of healthcare equipment and devices available across various centers. This factor has compelled national healthcare bodies to increase their spending on buying life-sustaining equipment such as ventilators. Considering the factors stated above, it is legit to project that the global non-invasive ventilators market would grow by leaps and bounds over the next decade. 

Outbreak of Covid-19 Pandemic 

The healthcare industry is at an important juncture in the current times, majorly due to the outbreak of the covid-19 pandemic. Apart from causing widespread panic and concern across the healthcare industry, the pandemic has driven demand for several healthcare devices and equipment. Several nations have already taken a decision on increasing their healthcare spending. A number of initiatives taken to consolidate non-healthcare sector has been pulled back, creating new opportunities for advancements in healthcare facilities. Therefore, the outbreak of this pandemic has led to the generation of fresh revenues for healthcare manufacturers. Supply chains of healthcare manufacturers have got special traction from state authorities. Easy availability and rebates on manufacturing shall create new opportunities for growth within the global non-invasive ventilators market.

Patients affected with coronavirus need to be put on ventilators in the most serious stages of treatment. Therefore, the growing incidence of the infection has compelled medical authorities to demand large stocks of ventilators from state bodies. Several countries have released figures about the number of ventilators available at their disposable. This has helped in evaluating the unmet needs of the medical and healthcare industries of that particular region. Therefore, development of new centers and hubs for treatment of covid-19 shall play a vital role in the growth of the global non-invasive ventilators market. Several governments have funded special projects for manufacturing ventilators to contain rising mortality rates across the globe.

Unveiling the Progress Path

The history of non-invasive ventilation dates back to the 20th century. Non-invasive ventilation was first used for the treatment of patients with acute respiratory failure, in the 1940s. The long-term use of non-invasive ventilators began to spur towards ventilatory progress during the 1980s. This was attributed to the improved understanding of the sleep physiology and beneficial effects of Continuous Positive Airway Pressure (CPAP). However, it was not until 1987 that the world witnessed the development of so-called modern non-invasive ventilation. Over the past two decades, the use of non-invasive ventilators has witnessed substantial growth, as technology advances, and the field of healthcare progresses on a fast-paced trajectory.

Presently, a robust evidence base detailing the efficacy of non-invasive ventilation in aggravations of cardiogenic pulmonary edema, acute respiratory failure, and chronic obstructive pulmonary disease in immunocompromised patients, highlights its evolutionary path. Moreover, its contribution in other settings such as hypoxemic acute respiratory failure and the management of patients who disapprove the process of endotracheal intubation is increasing rapidly.

Impact of Undercurrents on the Non-invasive Ventilators Industry

According to WHO, chronic respiratory disease affects nearly one billion individuals, globally, making it one of the leading causes of death. This disease is prevalent in numerous forms, including chronic obstructive pulmonary disease (COPD), chronic bronchitis, asthma, pulmonary hypertension, and occupational lung disease. COPD occurrence has been closely linked to the rising air pollution in rural areas, and the burden of the disease is likely to grow in urban areas on account of the increasing prevalence of tobacco smoking. The demand for therapeutic devices such as non-invasive ventilators is likely to rise due to an increase in the diagnostic rates of various respiratory diseases.

The healthcare industry has witnessed rapid transformation over the years. As healthcare is becoming decentralized, patient care has exhibited a paradigm shift towards homes. Consumers are placing reliance on homecare with the constant support of technologically-advanced wearables, which not only aid in medication administration but also monitor treatment progress. Decentralizing healthcare to local centers is likely to enhance efficiency and address resource scarcity.

Another aspect that is likely to shape the future of the non-invasive ventilators market is the trends of portability and miniaturization, remote patient monitoring, and connectivity. Portable variants could be of use for treating patients with conditions such as pneumonia or in the course of mass casualty events.

One of the most common reasons that could hamper the adoption of non-invasive ventilators is the lack of experience. A substantial number of physicians do not use the conventional mode of non-invasive ventilation support. Proper application of masks and minimized air leaks are among the most vital factors that aid in improving patient compliance and ensuring enhanced ventilation. A protocol-based use of non-invasive ventilators remains crucial, which has created the need for providing adequate training for operators.

Key players operating in the global non-invasive ventilators market include

  • Teleflex Incorporated
  • Vyaire Medical
  • Dragerwerk AG & Co. KGaA
  • GE Healthcare
  • Medtronic plc.
  • Koninklijke Philips N.V.
  • Smiths Medical
  • ResMed, Inc.
  • O-Two Medical Technologies Inc.
  • Dimar s.r.l. Intersurgical Ltd.
  • HAROL S.r.l. 
  • Vygon SA,
  • Getinge AB
  • Vapotherm, Inc.
  • Fisher & Paykel Healthcare Limited.

Market Segmentation

Application

  • Asthma
  • Chronic Obtrusive Pulmonary Disease
  • Respiratory Distress Syndrome
  • Pneumonia
  • Others 

End-Use 

  • Critical Care
  • NICU Care
  • Home Care Settings 

Region

  • North America
  • Europe
  • Asia Pacific
  • The Middle East
  • Latin America 

Report Scope

The Non-invasive ventilators market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Non-invasive ventilators market for the base year 2020 and the forecast between 2021 and 2028. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Non-invasive ventilators market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Non-invasive ventilators market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Non-invasive ventilators market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Non-invasive ventilators capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Non-invasive ventilators by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Non-invasive ventilators market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2028. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Non-invasive ventilators market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Non-invasive ventilators market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Non-invasive ventilators industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

Non-invasive ventilators market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Non-invasive ventilators market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Non-invasive ventilators market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Non-invasive ventilators market. These factors have benefited the growth of the global market for Non-invasive ventilators. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Non-invasive ventilators. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Non-invasive ventilators are as follows:

  • History Year: 2017-2020
  • Base Year: 2020
  • Forecast Year 2021 to 2028

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2028);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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