San
Francisco, 10 December 2018: Global artificial ventilation and anesthesia masks market is
expected to reach USD 2,888.8 million by 2022, according to a new report by
Grand View Research, Inc. Key factors attributing to market growth include
rising number of operation and emergency room procedures coupled with growing
demand novel products which can be used to carry out intubation process without
removing the oxygen mask. Increase in the target disease has a direct impact on
the number of operation room, emergency and intensive care procedures and is
expected to boost usage rates of ventilation masks over the forecast
period.
Increasing
geriatric population is a major factor increasing the prevalence rate of
several diseases. Additionally, growing prevalence of sleep apnea is one of the
most significant growth drivers for these anesthesia and ventilation masks over
the forecast period.
According
to statistics published by the National Sleep Foundation in 2012, around 40
million Americans were affected by chronic sleep disorders. Furthermore, these
patients are at a high risk of visiting emergency department and intensive care
units, and as a consequence are expected to increase the demand of ventilation
masks in the next seven years.
The
market dynamics indicate that various players operating in this space compete
on the basis of product specification and prices. The technology used to
manufacture, quality of the product, and patient comfort are the key variables
expected to impact the usage of these products. The healthcare providers assess
the risk to the patient and determine the need to use invasive ventilation or
non-invasive ventilation. The use of non invasive masks in accident and trauma
cases, lung failure and other emergency cases is a key factor contributing to
the high usage rates of these products.
The
market is segmented on the basis of application as operation room, intensive
care units, emergency room, dental, and home care. In 2014 operating room held
the maximum share of over 58% for low risk procedures and is expected to be the
largest segment in the next seven years. Increase in insurance penetration,
number of hospitals and dental centers to tap the high unmet needs in emerging
economies is a key factor expected to boost the surgical volume and therefore
these factors are expected to increase the demand for ventilation masks over
the forecast period.
Access
Research Report of Ventilation And
Anesthesia Masks Market @ www.grandviewresearch.com/industry-analysis/artificial-ventilation-anesthesia-masks-market
Further key findings
from the report suggest:
· In
2014, North America dominated the overall market with a share of more than 50%.
Key factors attributing to its large share include presence of robust
healthcare infrastructure, which includes hospitals, emergency and dental
centers.
· Furthermore,
in the U.S., the Affordable Care Act is a key driver encouraging millions of
patients to opt for surgical treatments and utilize other healthcare services,
and as a result is expected to boost usage rates of artificial ventilation and
anesthesia masks over the forecast period.
· Asia
Pacific is expected to be the fastest growing market over the forecast period.
Key factors attributing to its high growth are increase in public and private
healthcare expenditure to build new hospitals, improve reimbursement scenario
which lead to improvement in overall healthcare indicators.
· Additionally,
large population affected with various diseases is expected to increase the
number of emergency, ICU and operating room procedures and as a result are
expected to increase usage rates in these markets.
· Key
players operating in the market include Phillips Respironics, ResMed, Fisher
& Paykel, CareFusion, Ambu, Drager, and others. These companies have an
extensive portfolio of ventilation and CPAP masks.
· Additionally,
emergence of new players with novel product offerings such as SuperNO2VA from
RMDevices is expected change market dynamics due to its ability to carry out
inhalation anesthesia, artificial ventilation and intubation procedure
simultaneously.
Browse more
reports of this category by Grand View Research at: www.grandviewresearch.com/industry/medical-devices
Grand
View Research has segmented the artificial ventilation and anesthesia masks
market on the basis of application, and region:
Global Artificial Ventilation and
Anesthesia Masks Application Outlook (Market Revenue in USD Million, 2012 -
2022)
· Artificial
Ventilation and Anesthesia Masks Market, by Application for High Risk
Procedures
· Artificial Ventilation
and Anesthesia Masks Market, by Application for Moderate Risk Procedures
· Artificial Ventilation
and Anesthesia Masks Market, by Application for Standard Risk Procedures
Artificial Ventilation and Anesthesia Masks
Regional Outlook (Revenue, USD Million, 2014 - 2022)
·
North
America
·
Europe
·
Asia Pacific
Access Press Release of Ventilation And
Anesthesia Masks Market@ www.grandviewresearch.com/press-release/ventilation-anesthesia-masks-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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