The global non-invasive ventilators market was surpassed at USD 1.69 billion in 2021 and is expected to hit around USD 3 billion by 2030, growing at a CAGR of 6.58% from 2022 to 2030.
Rise in medical emergencies and the need to manage critical patients from the initial point of emergency to the hospital or other healthcare settings continues to prevail. As the healthcare scenario progresses, treatment flexibility for patients has gained spotlight. Healthcare professionals aim to improve treatment and care provided in critical care settings or any other setup requiring emergency life-support and treatment. The evolution of healthcare marks the development of high-performance devices that enable healthcare professionals to upturn critical treatment.
Transparency Market Research (TMR), in its recently published study on the non-invasive market, unravels the key aspects driving the industry. The report reviews the main indicators that have marked the development of non-invasive ventilation, while analyzing the growing acceptance of the therapeutic method that has majorly contributed to the development of respiratory medicine over the past 25 years. Technological advances, such as innovation in the field of positive airway pressure (PAP) systems, portability, and improvement in battery life of transport and portable ventilators, are other factors propelling the non-invasive ventilators market growth.
Scope of The Report
Report Coverage | Details |
Market Size in 2021 | USD 1.69 billion |
Revenue Forecast by 2030 | USD 3 billion |
Growth rate from 2022 to 2030 | CAGR of 6.58% |
Base Year | 2021 |
Forecast Period | 2022 to 2030 |
Segmentation | Product, Application, End Use, Region |
Companies Covered | 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. |
Non-invasive Ventilators Market: 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. The non-invasive ventilators market is expected to reach a valuation of ~ US$ 1.69 Bn in 2021, and is likely to grow at a CAGR of ~ 6. 58% through the forecast period.
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.
Winning Essentials for Non-invasive Ventilators Market Competitors
Expand Product Portfolio through Alliances
Companies providing non-invasive ventilators are considering collaborations to expand their global presence. Partnerships with companies providing respiratory devices help competitors broaden their portfolio of respiratory systems. Collaborations that aim at integrating next-gen technologies, such as flow sensor technologies that monitor and maintain precise control of the flow in non-invasive ventilators, are witnessed on a large scale.
Strengthen Foothold in Developing Economies
Increasing incidences of chronic respiratory diseases, tax benefits provided by regional governments, and rising healthcare expenditure cited across developing economies are garnering competitors’ attention. Owing to this, providers of non-invasive ventilators aim at expanding their latest offerings and strengthening their distribution network across developing economies.
Develop Adaptive Non-invasive Ventilators
As technology advances, non-invasive ventilators are likely to be integrated by next-gen capabilities that enhance their functionality, thereby improving the way care is provided. Auto-adaptive technology is one such capability gaining significance with time. Leading competitors are capitalizing on this development. For instance, Philips Respironics V60 utilizes the auto-adaptive technology to offer therapy acceptance and patient synchrony.
Analysis of the Competitive Landscape of the Non-invasive Ventilators Market
In November 2018, Royal Philips a leading health technology provider, announced the CE mark approval gained by the Philips V60 Plus ventilator. This solution inflates on Philips’ non-invasive ventilation gold standard platform, and integrates both, high flow therapy and non-invasion ventilation in a single device setting.
In May 2019, Dräger, a global leader in the field of medical and safety technology, received funds of up to EUR 110 million from The European Investment Bank (EIB) for R&D projects related to medical technology targeting life-saving systems, including ventilators and anesthesia systems.
Koninklijke Philips N.V., followed by ResMed Inc., continue to remain the leading players in the non-invasive ventilators market. With ~ 53% of the global market share held by these companies in 2020, the non-invasive ventilators market is expected to remain consolidated in nature. While major focus is centered on expanding research capabilities, a number of competitors are seen adopting the new product development strategy to introduce improved non-invasive ventilator systems and consumables. Another focus area is the acquisition of regional players in order to expand presence in lucrative geographies.
Analysts’ Inference of the Non-invasive Ventilators Market
TMR analysts have a positive perspective of the market for non-invasive ventilators. 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.
Rise in Prevalence of Chronic Obstructive Pulmonary Diseases: A Key Driver
Increase in Demand for Homecare and Portable Non-Invasive Ventilators the Latest Trend
Low Adoption Rate of Expensive Non-Invasive Ventilators Restrains the Non-Invasive Ventilators Market
Key Players
Market Segmentation
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Non-invasive Ventilators Market
5.1. COVID-19 Landscape: Non-invasive Ventilators Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Non-invasive Ventilators Market, By Product
8.1. Non-invasive Ventilators Market, by Product, 2022-2030
8.1.1 Systems
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Consumable
8.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Non-invasive Ventilators Market, By Application
9.1. Non-invasive Ventilators Market, by Application, 2022-2030
9.1.1. Chronic Obstructive Pulmonary Disease
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Asthma
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.3. Respiratory Distress Syndrome
9.1.3.1. Market Revenue and Forecast (2017-2030)
9.1.4. Pneumonia
9.1.4.1. Market Revenue and Forecast (2017-2030)
9.1.5. Others
9.1.5.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Non-invasive Ventilators Market, By End Use
10.1. Non-invasive Ventilators Market, by End Use, 2022-2030
10.1.1. Critical Care
10.1.1.1. Market Revenue and Forecast (2017-2030)
10.1.2. NICU
10.1.2.1. Market Revenue and Forecast (2017-2030)
10.1.3. Transport (Ambulances)
10.1.3.1. Market Revenue and Forecast (2017-2030)
10.1.4. Homecare Settings
10.1.4.1. Market Revenue and Forecast (2017-2030)
Chapter 11. Global Non-invasive Ventilators Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Product (2017-2030)
11.1.2. Market Revenue and Forecast, by Application (2017-2030)
11.1.3. Market Revenue and Forecast, by End Use (2017-2030)
11.1.4. U.S.
11.1.4.1. Market Revenue and Forecast, by Product (2017-2030)
11.1.4.2. Market Revenue and Forecast, by Application (2017-2030)
11.1.4.3. Market Revenue and Forecast, by End Use (2017-2030)
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Forecast, by Product (2017-2030)
11.1.5.2. Market Revenue and Forecast, by Application (2017-2030)
11.1.5.3. Market Revenue and Forecast, by End Use (2017-2030)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Product (2017-2030)
11.2.2. Market Revenue and Forecast, by Application (2017-2030)
11.2.3. Market Revenue and Forecast, by End Use (2017-2030)
11.2.4. UK
11.2.4.1. Market Revenue and Forecast, by Product (2017-2030)
11.2.4.2. Market Revenue and Forecast, by Application (2017-2030)
11.2.4.3. Market Revenue and Forecast, by End Use (2017-2030)
11.2.5. Germany
11.2.5.1. Market Revenue and Forecast, by Product (2017-2030)
11.2.5.2. Market Revenue and Forecast, by Application (2017-2030)
11.2.5.3. Market Revenue and Forecast, by End Use (2017-2030)
11.2.6. France
11.2.6.1. Market Revenue and Forecast, by Product (2017-2030)
11.2.6.2. Market Revenue and Forecast, by Application (2017-2030)
11.2.6.3. Market Revenue and Forecast, by End Use (2017-2030)
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Forecast, by Product (2017-2030)
11.2.7.2. Market Revenue and Forecast, by Application (2017-2030)
11.2.7.3. Market Revenue and Forecast, by End Use (2017-2030)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Product (2017-2030)
11.3.2. Market Revenue and Forecast, by Application (2017-2030)
11.3.3. Market Revenue and Forecast, by End Use (2017-2030)
11.3.4. India
11.3.4.1. Market Revenue and Forecast, by Product (2017-2030)
11.3.4.2. Market Revenue and Forecast, by Application (2017-2030)
11.3.4.3. Market Revenue and Forecast, by End Use (2017-2030)
11.3.5. China
11.3.5.1. Market Revenue and Forecast, by Product (2017-2030)
11.3.5.2. Market Revenue and Forecast, by Application (2017-2030)
11.3.5.3. Market Revenue and Forecast, by End Use (2017-2030)
11.3.6. Japan
11.3.6.1. Market Revenue and Forecast, by Product (2017-2030)
11.3.6.2. Market Revenue and Forecast, by Application (2017-2030)
11.3.6.3. Market Revenue and Forecast, by End Use (2017-2030)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Forecast, by Product (2017-2030)
11.3.7.2. Market Revenue and Forecast, by Application (2017-2030)
11.3.7.3. Market Revenue and Forecast, by End Use (2017-2030)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Product (2017-2030)
11.4.2. Market Revenue and Forecast, by Application (2017-2030)
11.4.3. Market Revenue and Forecast, by End Use (2017-2030)
11.4.4. GCC
11.4.4.1. Market Revenue and Forecast, by Product (2017-2030)
11.4.4.2. Market Revenue and Forecast, by Application (2017-2030)
11.4.4.3. Market Revenue and Forecast, by End Use (2017-2030)
11.4.5. North Africa
11.4.5.1. Market Revenue and Forecast, by Product (2017-2030)
11.4.5.2. Market Revenue and Forecast, by Application (2017-2030)
11.4.5.3. Market Revenue and Forecast, by End Use (2017-2030)
11.4.6. South Africa
11.4.6.1. Market Revenue and Forecast, by Product (2017-2030)
11.4.6.2. Market Revenue and Forecast, by Application (2017-2030)
11.4.6.3. Market Revenue and Forecast, by End Use (2017-2030)
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Forecast, by Product (2017-2030)
11.4.7.2. Market Revenue and Forecast, by Application (2017-2030)
11.4.7.3. Market Revenue and Forecast, by End Use (2017-2030)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Product (2017-2030)
11.5.2. Market Revenue and Forecast, by Application (2017-2030)
11.5.3. Market Revenue and Forecast, by End Use (2017-2030)
11.5.4. Brazil
11.5.4.1. Market Revenue and Forecast, by Product (2017-2030)
11.5.4.2. Market Revenue and Forecast, by Application (2017-2030)
11.5.4.3. Market Revenue and Forecast, by End Use (2017-2030)
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Forecast, by Product (2017-2030)
11.5.5.2. Market Revenue and Forecast, by Application (2017-2030)
11.5.5.3. Market Revenue and Forecast, by End Use (2017-2030)
Chapter 12. Company Profiles
12.1. Teleflex Incorporated
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Vyaire Medical
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Dragerwerk AG & Co. KGaA
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. GE Healthcare
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Medtronic plc.
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Koninklijke Philips N.V.
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Smiths Medical
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. ResMed, Inc.
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. O-Two Medical Technologies Inc.
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. Dimar s.r.l. Intersurgical Ltd.
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms