Global High Frequency Ventilators Market Anticipated to Garner $162.1 Million, Growing at a 5.8% CAGR in the 2022-2031 Timeframe | Defined by Research Dive
The global high frequency ventilators market is expected to grow primarily due to the increasing occurrence of serious breathing problems among people. Neonates sub-segment is expected to flourish immensely. The market in the North America region is predicted to grow at a high CAGR by 2031.
NEW YORK, May 12, 2023 /PRNewswire/ --
Global High Frequency Ventilators Market Forecast Analysis:
As per the report published by Research Dive, the global high frequency ventilators market is expected to register a revenue of $162.1 million by 2031 and grow at a CAGR of 5.8% during the forecast period, 2022-2031.
Segments of the High Frequency Ventilators Market
The report has divided the high frequency ventilators market into the following segments:
- Type: high-frequency oscillatory ventilator, high-frequency jet ventilator, high-frequency percussive ventilator, and others
- High-frequency Oscillatory Ventilator – Most dominant in 2021
A high frequency oscillatory ventilator can be used as a "lung protective approach" in the treatment of some severe lung illnesses. This is expected to push the growth of this sub-segment further. - Application: neonates and others
- Neonates – Highest market share in 2021
Increasing cases of blood cancer have raised the need for cancer monoclonal antibody therapy globally, which is expected to boost the sub-segment in the 2022-2031 timeframe. - End-user: hospitals and others
- Hospitals – Most profitable in 2021
Government spending on the expansion of the healthcare infrastructure has boosted hospital spending, leading to the installation of more advanced ventilators in intensive care units, which is expected to propel the sub-segment forward. - Region: North America, Europe, Asia-Pacific, and LAMEA
- North America – Significant market share in 2021
The rising prevalence of preterm births and the significant risk of respiratory complications associated with them, growing demand for a treatment alternative, and increasing R&D on the creation of advanced care units for premature newborns are predicted to propel the market in the forecast period.
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Dynamics of the Global High Frequency Ventilators Market
The rising prevalence of respiratory disorders such as acute respiratory distress syndrome (ARDS) worldwide, particularly among elderly people, has boosted the demand for efficient disease treatment, which is expected to make the high frequency ventilators market a highly profitable one in the forecast period. Additionally, enhanced reimbursement rules to allow the public to take advantage of newly established respiratory illness management services are predicted to propel the market forward. However, the high expense of installing high frequency ventilators in small and medium-sized clinics and hospitals in emerging and underdeveloped nations might become a restraint in the growth of the market.
Various technological developments, including the development of sophisticated portable ventilators and advancements in sensor technology used in ventilators, are predicted to offer numerous growth opportunities to the market in the forecast period. Moreover, an increase in government spending on constructing fully equipped healthcare facilities in rural areas in emerging and underdeveloped countries is expected to propel the high frequency ventilators market forward in the coming period.
COVID-19 Impact on the Global High Frequency Ventilators Market
The Covid-19 pandemic disrupted the routine lifestyle of people across the globe and the subsequent lockdowns adversely impacted the industrial processes across all sectors. The COVID-19 pandemic had a moderate impact on the high frequency ventilators market. The high frequency ventilator market anticipated a substantial rise in demand in 2020; however, product supply was severely impacted globally. As more patients needed breathing support, there was a substantial shortage of ventilator supplies, which caused worldwide panic buying. However, as the COVID-19 epidemic worsened, the occurrence of premature births rose, leading to a significant need for high frequency ventilators. This factor increased the market growth during the pandemic period.
Key Players of the Global High Frequency Ventilators Market
The major players of the market include
- Bunnell 436 Lawndale Drive
- Percussion Aire Corp
- ACUTRONIC Medical Systems AG
- VYAIRE MEDICAL INC.
- An Inspiration Healthcare Group Company
- Carl Reiner GmbH
- General Electric Company
- BPL Medical Technologies
- Getinge AB
These players are working on developing strategies such as product development, merger and acquisition, partnerships, and collaborations to sustain the market growth.
For instance, in May 2022, Max Ventilator, one of the best leading manufacturers and designers of medical devices for mechanical ventilation, launched non-invasive (NIV) ventilators with built-in oxygen therapy and a humidifier.
What the Report Covers
Apart from the information summarized in this press release, the final report covers crucial aspects of the market including SWOT analysis, market overview, Porter's five forces analysis, market dynamics, segmentation (key market trends, forecast analysis, and regional analysis), and company profiles (company overview, operating business segments, product portfolio, financial performance, and latest strategic moves and developments.)
More about High Frequency Ventilators Market:
- High Frequency Ventilators: A Revolutionary Approach to Mechanical Ventilation
- Rising Prevalence of Severe Breathing Diseases among Individuals Expected to Propel the Growth of the Global High Frequency Ventilators Market by 2031
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About Research Dive
Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With an unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.
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