Mar 6, 2020   SOURCE: PR NewsWire

Non-invasive Ventilators Market Insights & Outlook to 2025 by Product Type, Application, End-user and Geography

DUBLIN, March 6, 2020 /PRNewswire/ -- The "Non-invasive Ventilators Market - Growth, Trends, and Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.

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The global non-invasive ventilators market is anticipated to grow with a CAGR of nearly 5.9%, during the forecast period.

Increased geriatric population coupled with higher incidences of chronic conditions drive mechanical ventilator market growth.

Increasing prevalence of chronic obstructive pulmonary disease (COPD) is the major driving factor for the industry.
For instance, according to CDC (the Centres for Disease Control and Prevention), in 2018, 9 million adults were diagnosed with chronic bronchitis which eventually leads to higher requirements for ventilators, thus fueling the market.

Additionally, increasing intensive care admissions, the rising introduction of ventilation modes such as Acute Non-Invasive Ventilation to avoid lung injury are likely to drive the growth of the global non-invasive ventilator market.

Key Market Trends

COPD and Asthma Dominate the Global Non-invasive Ventilators Market

    --  According to the American Academy of Allergy Asthma and Immunology
        (AAAI), in 2016, approximately 8.3% of children in the United States
        were found to have asthma. Boys were to some extent more likely to have
        asthma than girls at a rate of 9.2% and 7.4%, respectively.
    --  Asthma incidence among children increased from 8.7% in 2001 to 9.4% in
        2010, and then declined to 8.3% in 2016. Although not all changes were
        statistically noteworthy, a similar outline was observed among the
        sub-demographic groups, except the Mexican/Mexican-American children,
        among whom asthma prevalence increased from 5.1% in 2001 to 6.5% in
        2016.

North America Dominates the Global Landscape

    --  AAAI states that in 2012, the median annual medical cost of asthma was
        USD 983 in the United States. This ranged from an average low of USD 833
        in Arizona to an average high of USD 1,121 in Michigan.
    --  In addition, there were 3,615 asthma-related deaths in 2015. Children
        under 18 years old made up 219 of those deaths. Asthma prevalence was
        highest among workers in the healthcare and social assistance industry,
        with 8.8% of workers stating that they had asthma at the time of the
        survey. Participants in the educational services industry reported the
        second highest rate of asthma at 8.2%.
    --  Hence, the growing prevalence of Asthma is expected to contribute to the
        significant market share of North America market over the forecast
        period.

Competitive Landscape

The global non-invasive ventilators market is highly competitive and consists of a number of major players. Companies like ResMed, Teleflex Incorporated, Hamilton Bonaduz, HEYER Medical, Koninklijke Philips, Airon Corporation, Fisher & Paykel Healthcare, Mindray Medical International Limited, Phoenix Medical Systems, Smiths Medical, among others, hold the substantial market share in the market.

Key Topics Covered

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increased Prevalence of Chronic Obstructive Pulmonary Disease (COPD) and Respiratory Disorders
4.2.2 Rise in Demand for Non-Invasive Procedures
4.3 Market Restraints
4.3.1 Risk of Ventilator-Associated Pneumonia
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION
5.1 By Product Type
5.1.1 Systems
5.1.2 Consumables
5.2 By Application
5.2.1 COPD and Asthma
5.2.2 Respiratory Distress Syndrome
5.2.3 Others
5.3 End-users
5.3.1 Hospitals and Clinics
5.3.2 Ambulatory Surgical Centers
5.3.3 Others
5.4 Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Mexico
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 United Kingdom
5.4.2.3 France
5.4.2.4 Italy
5.4.2.5 Spain
5.4.2.6 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 India
5.4.3.4 Australia
5.4.3.5 South korea
5.4.3.6 Rest of Asia-Pacific
5.4.4 Middle-East and Africa
5.4.4.1 GCC
5.4.4.2 South Africa
5.4.4.3 Rest of Middle-East and Africa
5.4.5 South America
5.4.5.1 Brazil
5.4.5.2 Argentina
5.4.5.3 Rest of South America

6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 ResMed Inc.
6.1.2 Teleflex Incorporated
6.1.3 Hamilton Bonaduz AG
6.1.4 HEYER Medical AG
6.1.5 Koninklijke Philips N.V.
6.1.6 Airon Corporation
6.1.7 Fisher & Paykel Healthcare
6.1.8 Mindray Medical International Limited
6.1.9 Phoenix Medical Systems Pvt. Ltd.
6.1.10 Smiths Medical Inc.

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/dhgx4r

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