Key Insights On The High Flow Ventilators Market 2024 – Size, Driver, And Major Players
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033
As per The Business Research Company’s High Flow Ventilators Global Market Report 2024, the high flow ventilators market is expected to show significant growth in the forecast period.
Strong Growth Trajectory
- Market size grew from $31.78 billion in 2023 to $34.87 billion in 2024.
- Compound annual growth rate (CAGR) of 9.7%.
- Attributed to enhanced monitoring systems, growing geriatric population, home healthcare expansion, and emergency medicine demand.
Future Projections
- Expected to reach $51.95 billion in 2028.
- CAGR of 10.5%.
- Non-invasive ventilation, neonatal care, improved humidification systems, and home healthcare expansion are driving factors.
- Major trends include customization, patient comfort, monitoring technology integration, and critical care adoption.
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Rising COPD Prevalence Propels High Flow Ventilators Market
- COPD prevalence rise expected to drive market growth.
- High-flow ventilators aid COPD management by improving oxygenation and reducing breathing effort.
- COPD rates showed an upward trend post-COVID-19 impact.
- Increasing prevalence fuels market growth.
Key Market Players
- ResMed Inc.
- Hamilton Medical AG
- Hersill SL
- ZOLL Medical Corporation
- Percussionaire Corporation
- Vyaire Medical Inc.
- And many more…
Advanced Ventilator-Luisa in High Flow Ventilators Market
- Portable high flow ventilators gain popularity.
- Major players focus on innovative products.
- Movair’s Luisa ventilator: compact, portable, and easy to use.
- Offers advanced respiratory support with real-time monitoring capabilities.
Sentec Expands Portfolio With Percussionaire Acquisition
- Sentec acquires Percussionaire to expand respiratory monitoring product lines.
- Acquisition incorporates Percussionaire’s TRUE-IPV technology.
- Percussionaire develops products used in respiratory care.
Market Segmentation
- Modality Type:
- Portable High Flow Ventilators
- Trolley Mounted High Flow Ventilators
- Interface:
- Invasive
- Non-Invasive
- End-User:
- Hospitals
- Ambulatory Surgical Centers
- Specialty Clinics
- Long Term Care Centers
- Other End Users
Regional Insights
- North America led the market in 2023.
- Asia-Pacific expected to be the fastest-growing region.
- Growing demand and technological advancements drive regional growth.
In conclusion, the high flow ventilators market is witnessing substantial growth driven by technological advancements, rising demand for home healthcare, and increasing COPD prevalence. Innovative products and strategic acquisitions further propel market expansion. As the industry continues to evolve, focusing on customization, patient comfort, and technological integration will be pivotal for sustained growth and enhanced patient care.
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