Global Noninvasive Ventilators Market By Overview
Non-invasive Ventilators market was valued at US$ 2.5 Billion in 2024 and is projected to grow at a CAGR of 6.10% to reach US$ 4.4 Billion by 2034.Non-invasive ventilators (NIV) delivers assisted mechanical ventilation to the lungs without using invasive endotracheal airway and help patients to breathe more efficiently. It has also revolutionized the patient management with multiple forms of respiratory failure.
Global Noninvasive Ventilators Market By Dynamics
Drivers |
Restrains |
Rising demand for NIV (non-invasive ventilators) for chronic respiratory and COVID-19 disease patients |
Complications and side-effects |
Growing adoption of NIV devices due to its various advantages |
High costs |
Presence of major players and new launched product |
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Rising number of patients admitted to intensive care due to life-threatening medical issues |
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Global Noninvasive Ventilators Market By Segmentation
The target market is segmented based on Type, Application, and Region.
Type Insight
On the basis of Type, the target market is segmented into Intensive Care Ventilators, and Portable/Transportable Ventilators.
Application Insight
On the basis of Application, the target market is segmented into Hospitals and Clinics, Home Care, Ambulatory Care Centers, and Emergency Medical Services (EMS).
Regional Insights:
On region the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
North America market is estimated to witness a significantly high revenue share over the forecast period.
- Rising prevalence of respiratory diseases such as Asthma.
- Continuous technological development.
- Presence of major players.
- Increased number of product approvals.
Asia Pacific market is estimated to witness a fastest revenue share over the forecast period.
- Rising awareness among patients regarding respiratory diseases.
- Improved healthcare infrastructure.
- Growing number of players operating in medical device industry in expanding markets such as India and China.
Recent Development:
The New Launched Product News,
- In November 2023, Inspiration Healthcare launched new specialist non-invasive neonatal ventilator. The new launched “SLE1500” is a compact respiratory support system which is designed to provide non-invasive ventilation modes in neonatal patients to protect their fragile lungs.
- In March 2022, Max Ventilator launched new multifunctional non-invasive ventilators with inbuilt oxygen therapy, humidifier. The new launched device is designed for adult and neonatal care and thus, priced at just 25% of cost of traditional ventilators.
- In November 2020, Royal Philips launched new “Ventilator BiPAP A40 EFL” a non-invasive ventilator to extend its homecare solution for COPD (chronic obstructive pulmonary disease) patients to breathe easier. The new launched product has become the first non-invasive ventilator which allows the healthcare professionals to screen, detect, and to abolish expiratory flow limitation (EFL).
- In August 2020, SpiceJet launched new portable non-invasive ventilator brand for patients with mild-to moderate breathing issues. The engineers of SpiceJet Technic has designed “SpiceOxy” device at their lab and can be used in ambulance, at home, hospitals, army-base camps. The company has also launched new brand of fingertip pulse oximeter a handy device which makes easier for people to measure oxygen level of blood.
Report Scope:
Attribute |
Details |
Base year for estimation |
2023 |
Forecast period |
2024 – 2034 |
Market representation |
Revenue in USD Billion & CAGR from 2024 to 2034 |
Market Segmentation |
By Type - Intensive Care Ventilators, and Portable/Transportable Ventilators By Application - Hospitals and Clinics, Home Care, Ambulatory Care Centers, and Emergency Medical Services (EMS) |
Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034.
Few Other Promising Reports:
Global Noninvasive Ventilators Market By Key Players
The key players operating the target market includes, Philips Healthcare, Smiths Group, Getinge AB, Medtronic plc, ResMed Inc., GE Healthcare, Teleflex Inc., Dragerwerk AG & Co. KGaA, Hamilton Medical, Vygon SA, and Others.
Global Noninvasive Ventilators Market By Highlights
FAQs
The growing adoption of innovative technology in field of PAP (positive airway pressure) devices mobility, increase in battery life and high demand for portable ventilators is expected to provide lucrative opportunities in market growth.
By region, the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market is estimated to witness a significantly high revenue share over the forecast period.
The key players operating the target market includes, Philips Healthcare, Smiths Group, Getinge AB, Medtronic plc, ResMed Inc., GE Healthcare, Teleflex Inc., Dragerwerk AG & Co. KGaA, Hamilton Medical, Vygon SA, and Others.