How much will the Artificial Ventilation and Anesthesia Masks industry be worth in the Future????



Global artificial ventilation and anesthesia masks market is expected to reach USD 2,888.8 million by 2022, according to a new report by Grand View Research, Inc. Key factors attributing to market growth include rising number of operation and emergency room procedures coupled with growing demand novel products which can be used to carry out intubation process without removing the oxygen mask. Increase in the target disease has a direct impact on the number of operation room, emergency and intensive care procedures and is expected to boost usage rates of ventilation masks over the forecast period.
A rapid increase in the demand for supplemental oxygen therapy, as a consequence of the Covid-19 outbreak, the artificial ventilation masks market is experiencing a unique challenge of supply shortage. However, the development of makeshift 3D printed masks is catering to this exponential increase in the demand. We at GVR are trying to quantify the impact of this pandemic on the artificial ventilation masks market. Get you to copy now to gain deeper insights on the same.
Increasing geriatric population is a major factor increasing the prevalence rate of several diseases. Additionally, growing prevalence of sleep apnea is one of the most significant growth drivers for these anesthesia and ventilation masks over the forecast period.
In the artificial ventilation and anesthesia masks market, Phillips Respironics is the market leader as it has very strong financial performance, wide product portfolio and it also ranks very high on regional penetration. Some of its key products include Wisp, ComfortGel blue nasal mask, amara full view mask, and Easy life CPAP masks. Key market participants include players such as ResMed, Fisher and Paykel, Ambu, Drager, and CareFusion. Furthermore, increasing technological advancements leading to the development of novel products such as SuperNO2VA by which can be used for the administration of anesthesia, during intubation and assisted breathing process for patients suffering from sleep apnea are expected to further intensify the competition over the forecast period.
According to statistics published by the National Sleep Foundation in 2012, around 40 million Americans were affected by chronic sleep disorders. Furthermore, these patients are at a high risk of visiting emergency department and intensive care units, and as a consequence are expected to increase the demand of ventilation masks in the next seven years.
To Request Sample Copy of this report, click the link:
https://www.grandviewresearch.com/request-free-consultation/2748/rfac
The market dynamics indicate that various players operating in this space compete on the basis of product specification and prices. The technology used to manufacture, quality of the product, and patient comfort are the key variables expected to impact the usage of these products. The healthcare providers assess the risk to the patient and determine the need to use invasive ventilation or non-invasive ventilation. The use of non invasive masks in accident and trauma cases, lung failure and other emergency cases is a key factor contributing to the high usage rates of these products.
The market is segmented on the basis of application as operation room, intensive care units, emergency room, dental, and home care. In 2014 operating room held the maximum share of over 58% for low risk procedures and is expected to be the largest segment in the next seven years. Increase in insurance penetration, number of hospitals and dental centers to tap the high unmet needs in emerging economies is a key factor expected to boost the surgical volume and therefore these factors are expected to increase the demand for ventilation masks over the forecast period.
Further key findings from the report suggest:
·         In 2014, North America dominated the overall market with a share of more than 50%. Key factors attributing to its large share include presence of robust healthcare infrastructure, which includes hospitals, emergency and dental centers.
·         Furthermore, in the U.S., the Affordable Care Act is a key driver encouraging millions of patients to opt for surgical treatments and utilize other healthcare services, and as a result is expected to boost usage rates of artificial ventilation and anesthesia masks over the forecast period.
·         Asia Pacific is expected to be the fastest growing market over the forecast period. Key factors attributing to its high growth are increase in public and private healthcare expenditure to build new hospitals, improve reimbursement scenario which lead to improvement in overall healthcare indicators.
·         Additionally, large population affected with various diseases is expected to increase the number of emergency, ICU and operating room procedures and as a result are expected to increase usage rates in these markets.
·         Key players operating in the market include Phillips Respironics, ResMed, Fisher & Paykel, CareFusion, Ambu, Drager, and others. These companies have an extensive portfolio of ventilation and CPAP masks.
·         Additionally, emergence of new players with novel product offerings such as SuperNO2VA from RMDevices is expected change market dynamics due to its ability to carry out inhalation anesthesia, artificial ventilation and intubation procedure simultaneously.  
Global artificial ventilation and anesthesia masks market size was valued at USD 1,715.3 million in 2014. Key application areas of these masks include operation room, emergency room, intensive care units, and dental rooms for intubation, sedation, and assisted respiratory procedures.
Rising geriatric population prone to various diseases, increasing emergency room procedures, and the growth of home care health services are amongst key drivers attributing to the market growth. Furthermore, availability of various ventilation masks available in the market which include full face masks, nasal masks, hybrid masks, oral masks and nasal pillows are going to provide patients suffering from sleep apnea with a wide variety of products to choose from thus boosting market growth.
According to estimates published by the United Nations in 2012, the global geriatric population was nearly 809.4 million and is expected to grow more than double by 2050 to reach an estimated population of over 2,000 million. The growth in geriatric population is a major factor contributing to high prevalence rates of various diseases such as COPD, sleep apnea cancers, coronary artery diseases, kidney failures, and others.
The impact of growing geriatric population on COPD prevalence is very high and as per the WHO estimates, COPD is predicted to be the third leading cause of death worldwide. In the U.S. alone, there were approximately 12.7 million adults aged over 18 reported to have COPD. Increasing need of emergency treatment for prolonged illnesses and long-term home care treatment associated with lung diseases in children as well as adults are expected to drive the growth of artificial ventilation and anesthesia masks market over the next seven years.
Browse Press Release of this report:
https://www.grandviewresearch.com/press-release/ventilation-anesthesia-masks-market
Grand View Research has segmented the artificial ventilation and anesthesia masks market on the basis of application:
Global Artificial Ventilation and Anesthesia Masks Application Outlook (Market Revenue in USD Million, 2012 - 2022)
·         Artificial Ventilation and Anesthesia Masks Market, by Application for High Risk Procedures
o    Operation Room
o    Intensive Care Units
o    Emergency Room
o    Dental
·         Artificial Ventilation and Anesthesia Masks Market, by Application for Moderate Risk Procedures
o    Operation Room
o    Intensive Care Units
o    Emergency Room
o    Dental
·         Artificial Ventilation and Anesthesia Masks Market, by Application for Standard Risk Procedures
o    Operation Room
o    Intensive Care Units
o    Emergency Room
o    Dental
o    Homecare
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.


Comments

Post a Comment

Popular posts from this blog

Foot Orthotic Insoles Market 2026: What Will Be Changes In Investment Ratio With Opportunity Analysis?? |Grand View Research, Inc.

Image
The global foot orthotic insoles market size is expected to reach USD 5.5 billion by 2026 , according to a new report by Grand View Research, Inc., exhibiting a 6.3% CAGR during the forecast period. Growing incidence of diabetes and plantar fasciitis are expected to drive the market over the forecast period. Moreover, rapid urbanization and increasing disposable income are anticipated to propel growth in future. Technological advancements, spurred by ongoing investments in R&D, are expected to increase growth potential in the coming years. Moreover, rise in geriatric population, which is susceptible to orthopedic disorders, is impelling product demand globally. For instance, in 2017 as per the U.S. Census Bureau, the number of people aged 65 or older increased by 1.6 million from 2014 to 2015. In addition, increasing incidence of sports injuries and rising prevalence of osteosarcoma in the region has led to the need for various orthotics devices, which is expected to drive ...
Read more

A Look into Smokehouse Industry……Deep Analysis…..

Image
The global smokehouse market size is anticipated to reach USD 157.2 million by 2025 , according to a new report by Grand View Research, Inc. The market is anticipated to register a CAGR of 2.2% during the forecast period. Rising need for a healthy lifestyle has led consumers to prefer griller or barbequed food over fried food and other kinds of fast food. This trend is expected to have a positive impact on the market growth. The home care & decor industry has been witnessing inconsistent growth, since the Covid 19 outbreak. As a result of the ongoing pandemic crisis, there has been a drop in the overall performance of discretionary products such as decorative fixtures, bedding products, to name a few. The virus outbreak has, however, led to substantial growth in categories such as cleaning and hygiene products. Prominent growth in the e-commerce business is also one of the positive influences of the outbreak, wherein companies are focusing on expanding their distribution ...
Read more

A Look into Shapewear Industry……Deep Analysis…..

Image
The global shapewear market size is expected to reach USD 3.80 billion by 2025 registering a CAGR of 7.7%, according to a new report by Grand View Research, Inc. The introduction of various products according to the type of garments is expected to support the market growth in the years to come. Growing target population across the globe is also augmenting the market growth. Changing lifestyle incurs increased investment in fitness and related accessories, which has positively impacted the market growth. The clothing, footwear, & accessories industry is anticipated to witness checkered growth throughout 2020, as a result of the unprecedented supply chain disruptions caused by the COVID-19 outbreak worldwide. The expected decline in the global sales of clothing, footwear, & accessories is attributable to massive supply chain disruptions across significant export markets, including China and India. However, the industry is likely to recover over the forecast timeframe,...
Read more