The high flow ventilators market is expected to see rapid growth in the next few years. It will grow to $51.95 billion in 2028 at a compound annual growth rate (CAGR) of 10.5%. The anticipated growth in the forecast period can be attributed to a focus on non-invasive ventilation, increased demand for neonatal and pediatric care, improved humidification systems, expansion in home healthcare settings, and enhanced utilization in emergency medicine. Key trends expected in the forecast period include customization and versatility of high flow ventilators, a heightened focus on patient comfort, integration of monitoring technology, the use of high flow ventilation in home-based settings, and its adoption in critical care settings.
The anticipated increase in the prevalence of chronic obstructive pulmonary disease (COPD) is set to drive the growth of the high-flow ventilators market in the future. COPD, a chronic inflammatory lung disease, poses challenges to breathing and is characterized by irreversible airflow limitation that typically progresses over time. High-flow ventilators play a crucial role in COPD management by enhancing oxygenation, reducing the workload of breathing, and offering positive end-expiratory pressure, particularly during exacerbations or instances requiring advanced respiratory support. As of March 2023, data from the Scottish Public Health Observatory revealed a rise in COPD rates, with an upward trend seen in both males (from 83.2 to 97.6 cases per 100,000 new cases) and females (from 72.6 to 97.3) for the financial year 2021 to 2022. This upward trend follows the easing of the COVID-19 impact, indicating that the increasing prevalence of COPD will be a driving force for the growth of the high-flow ventilators market.
The increasing aging population is expected to contribute to the growth of the high-flow ventilators market. An aging population refers to a demographic shift characterized by a rising proportion of elderly individuals within a society over time. High-flow ventilators offer non-invasive respiratory support for elderly individuals, addressing age-related respiratory challenges with enhanced comfort and adaptability. According to the World Health Organization's October 2022 projections, by the year 2030, 1 out of every 6 individuals globally will be 60 years old or older. During this period, the proportion of the population aged 60 and over is expected to increase from 1 billion in 2020 to 1.4 billion. Moreover, the global population of individuals aged 60 and older is projected to double, reaching 2.1 billion by the year 2050. Thus, the rising aging population is a significant driver for the high-flow ventilators market.
The increasing popularity of portable high-flow ventilators is a notable trend gaining traction in the high-flow ventilators market. Major market players are actively focusing on innovation to strengthen their market position. For instance, in October 2021, Movair, a US-based respiratory therapy company, introduced the Advanced Ventilator-Luisa. Luisa is a portable, compact, and easy-to-use ventilator with an intuitive interface and simple controls. This life-supporting ventilator, designed with high-flow oxygen therapy, provides advanced respiratory support, particularly for patients with respiratory distress, including those with COVID-19. The product boasts advanced monitoring capabilities, including real-time monitoring of airway pressure, flow, and volume.
Major companies in the high-flow ventilators market are concentrating on developing innovative ventilators, such as turbine-based ventilators, to address challenging clinical scenarios and enhance market profitability. A turbine-based ventilator is a medical device designed to provide controlled airflow or oxygen delivery to patients. For example, in July 2021, Mindray, a China-based medical device and solutions provider, launched the SV300 Pro ventilator, an upgraded model featuring advanced functions and technologies. This turbine-based ventilator offers comprehensive care with integrated CO2/SpO2 monitoring and various ventilation modes. It supports invasive, non-invasive, and high-flow oxygen therapy, catering to different patient acuity levels and care settings. The SV300 Pro includes innovative features such as CPRV for cardiac arrest situations and adaptive minute ventilation (AMV) for patient comfort.
In September 2022, Sentec, a Switzerland-based provider of non-invasive monitoring solutions, completed the acquisition of Percussionaire for an undisclosed amount. This acquisition allowed Sentec to expand its respiratory monitoring product lines by incorporating Percussionaire's TRUE-IPV technology. Percussionaire, a US-based specialty ventilation company, specializes in the development, manufacturing, and marketing of products used in respiratory care, including flow ventilators.
Major companies operating in the high flow ventilators market report are ResMed Inc., Hamilton Medical AG, Hersill SL, ZOLL Medical Corporation, Percussionaire Corporation, Vyaire Medical Inc., Koninklijke Philips NV, Medtronic Plc, Acutronic Medical Systems AG, Essex Industries Inc., Getinge AB, Drägerwerk AG & Co KGaA, Fisher & Paykel Healthcare Corporation Limited, BVMed eV, Metan Co. Ltd., AirSep Corporation, Intersurgical Ltd., Laerdal Medical AS, Magnamed Tecnologia Médica S.A., Medin Medical Innovations GmbH, Mercury Medical LLC, Mindray Medical International Limited, Nihon Kohden Corporation, O-Two Medical Technologies Inc., Pulmodyne Systems Inc., Sechrist Industries Inc., Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Smiths Group plc, SunMed Equipment Co. Ltd., Ventec Life Systems Inc., Weihai Strongmedical Sci-Tech. Co. Ltd., Westmed Inc.
North America was the largest region in the high flow ventilators market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global high flow ventilators market report during the forecast period. The regions covered in the high flow ventilators market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the high flow ventilators market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The main types of high flow ventilators include portable high flow ventilators and trolley-mounted high flow ventilators. Portable high-flow ventilators are medical devices designed to administer high-flow oxygen therapy to patients in need of respiratory assistance. These ventilators use various interfaces, both invasive and non-invasive, and find applications in hospitals, ambulatory surgical centers, specialty clinics, long-term care centers, and other healthcare settings.
The high flow ventilators market research report provides high flow ventilators market statistics, including high flow ventilators industry global market size, regional shares, competitors with a high flow ventilators market share, detailed high flow ventilators market segments, market trends and opportunities, and any further data you may need to thrive in the high flow ventilators industry. This high flow ventilators market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The high flow ventilators market consists of sales of high flow ventilator machines, humidification systems, nasal cannulas, breathing circuits, and filters. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
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Table of Contents
Executive Summary
This report provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on high flow ventilators market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for high flow ventilators? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
Scope
Markets Covered:1) By Modality Type: Portable High Flow Ventilators; Trolley Mounted High Flow Ventilators
2) By Interface: Invasive; Non-Invasive
3) By End-User: Hospitals; Ambulatory Surgical Centers; Specialty Clinics; Long Term Care Centers; Other End Users
Key Companies Mentioned: ResMed Inc.; Hamilton Medical AG; Hersill SL; ZOLL Medical Corporation; Percussionaire Corporation
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Delivery Format: PDF, Word and Excel Data Dashboard
Companies Mentioned
- ResMed Inc.
- Hamilton Medical AG
- Hersill SL
- ZOLL Medical Corporation
- Percussionaire Corporation
- Vyaire Medical Inc.
- Koninklijke Philips NV
- Medtronic Plc
- Acutronic Medical Systems AG
- Essex Industries Inc.
- Getinge AB
- Drägerwerk AG & Co KGaA
- Fisher & Paykel Healthcare Corporation Limited
- BVMed eV
- Metan Co. Ltd.
- AirSep Corporation
- Intersurgical Ltd.
- Laerdal Medical AS
- Magnamed Tecnologia Médica S.A.
- Medin Medical Innovations GmbH
- Mercury Medical LLC
- Mindray Medical International Limited
- Nihon Kohden Corporation
- O-Two Medical Technologies Inc.
- Pulmodyne Systems Inc.
- Sechrist Industries Inc.
- Shenzhen Mindray Bio-Medical Electronics Co. Ltd.
- Smiths Group plc
- SunMed Equipment Co. Ltd.
- Ventec Life Systems Inc.
- Weihai Strongmedical Sci-Tech. Co. Ltd.
- Westmed Inc.
Methodology
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