The global non-invasive respiratory therapy market size was USD 2.33 Billion in 2022 and is expected to register a rapid revenue CAGR of 5.3% during the forecast period. Increasing prevalence of respiratory disorders is a key factor driving market revenue growth. Non-Invasive Ventilation (NIV) is the administration of oxygen (ventilation support) through a face mask, obviating the requirement for an endotracheal airway. NIV provides comparable physiological benefits to conventional mechanical ventilation by lowering work of breathing and enhancing gas exchange.
Some of the key factors driving the growth of the global Non-Invasive Respiratory Therapy market include expanding R&D efforts to develop novel Non-Invasive Respiratory Therapy products for a variety of applications and rising demand for mercury control technology for industrial air purification. The most recent data on the COVID-19 pandemic market condition is provided in the research. The investigation indicates that COVID-19 plays a vital role in the market's dynamically altered environment. The study carefully investigates how the pandemic has altered market dynamics and trends while also precisely analysing how the crisis has impacted the market as a whole.
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Effect of COVID-19 on the global market for Non-Invasive Respiratory Therapy
The COVID-19 pandemic had a significant negative influence on the market for Non-Invasive Respiratory Therapy in 2020, significantly decreasing its CAGR. In 2020, manufacturers and suppliers of Non-Invasive Respiratory Therapy were significantly impacted by federal and national safety and legal orders. The majority of businesses have been impacted by the COVID-19 pandemic. Mandates for business closures, restricted municipal and state government office activities, and social conventions of distance had an impact on the production of Non-Invasive Respiratory Therapy in 2020. Additionally, demand for Non-Invasive Respiratory Therapy decreased across a range of end-use sectors. The pandemic epidemic also resulted in a decline in global investments in the water sector.
Non-Invasive Respiratory Therapy market : Competitive Landscape
The prominent players operating in the Non-Invasive Respiratory Therapy market are profiled in-depth in the report and their strategies, collaborations, and product innovations. The analysis of the key players and their strategies to fortify their presence in the market impart a better understanding of the competitive landscape of the Non-Invasive Respiratory Therapy market .
Some of the prominent players operating in the market are:
ResMed Inc., Teleflex Incorporated, Hamilton Medical, Koninklijke Philips N.V., Heyer Medical AG, Shenzhen Mindray Bio-Medical Electronics Co., Ltd, Airon Corporation, Drägerwerk AG & Co. KGaA, Fisher & Paykel Healthcare Limited, Baxter International, WILAmed GmbH, and Getinge AB
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The research study examines historic data from 2018 and 2020 to draw forecasts until 2028. The timeline makes the report an invaluable resource for readers, investors, and stakeholders looking for key insights in readily accessible documents with the information presented in the form of tables, charts, and graphs.
Key questions answered in the report:
What will be the development pace of Non-Invasive Respiratory Therapy market ?
What are the key factors driving the Global Non-Invasive Respiratory Therapy market ?
Who are the key manufacturers in the market space?
What are the openings, hazards, and outline of the market?
What is sales, revenue, and price analysis of top manufacturers of Non-Invasive Respiratory Therapy market ?
Who are the distributors, traders, and dealers of Non-Invasive Respiratory Therapy market ?
What are the Non-Invasive Respiratory Therapy market opportunities and threats faced by the vendors in the Global Non-Invasive Respiratory Therapy industries?
What are deals, incomes, and value examinations by types and utilizations of the market?
What are deals, income, and value examinations by areas of enterprises?
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Segments Covered in this report are:
Product Outlook (Revenue, USD Billion; 2019-2032)
Non-invasive Positive-pressure Ventilator (PPV)
Bi-level Positive Airway Pressure Ventilator (BiPAP)
Constant Positive Airway Pressure Ventilator (CPAP)
Autotitrating (Adjustable) Positive Airway Pressure Ventilator (APAP)
Non-invasive Negative-pressure Ventilator (PPV)
Application Outlook (Revenue, USD Billion; 2019-2032)
Respiratory Distress Syndrome
Asthma & Chronic Obstructive Pulmonary Disease (COPD)
Others
End-use Outlook (Revenue, USD Billion; 2019-2032)
Hospitals
Ambulatory Surgical Centers (ASCs)
Others
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Regional Bifurcation of the Non-Invasive Respiratory Therapy market Includes:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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