High Frequency Ventilators Market Size Projected to Grow at a CAGR of 5.8% and Generate a Revenue of $162.1Million by 2031Download Sample Reports Overview
The Global High Frequency Ventilators Market Size was $92.7 million in 2021 and is predicted to grow with a CAGR of 5.8%, by generating a revenue of $162.1 million by 2031.
Impact Analysis of COVID-19 on High Frequency Ventilators Market
The COVID-19 pandemic has had a severe influence on respiratory disease prevention, diagnosis, and treatment due to the lockdown, travel bans, and general dread. Therefore, more people suffered from extreme severity of the diseases. The COVID-19 pandemic has had a moderate influence on the high frequency ventilators market. The high frequency ventilator market witnessed a large increase in demand in 2020, but product supply was severely hampered globally. A substantial shortage of ventilator supplies resulted in panic buying around the world to meet the increase in the number of patients requiring breathing support. The emergence of new vendors was noted, with huge transactions signed by organizations that had never been seen before. A huge number of ventilators were purchased due to restricted supply in some locations, which proved ineffective for some healthcare workers.
Global High Frequency Ventilators Market Analysis
The rise in the prevalence of respiratory diseases like acute respiratory distress syndrome (ARDS) cases around the world, particularly among the geriatric population, has increased the need for effective disease treatment, which is anticipated to boost the growth of the high frequency ventilators market during the forecast period. Increase in cases of preterm childbirth, globally, are expected to drive the high frequency ventilators market share growth during the forecast period.
High frequency ventilators are an expensive setup for a normal healthcare center as the process, technology and approaches differ from normal ventilators. The skilled handling necessary in the case of high frequency ventilators is projected to hinder the market expansion. Also, adverse effects have also been observed from using ventilators, including lung collapse. This may potentially restrain the growth of the high frequency ventilator industry.
Growing awareness among people about the proper management of respiratory issues in people is expected to drive the global high frequency ventilators market during the forecast time. To continue their market expansion, industry players are putting in a lot of work in the R&D of innovative and unique strategies. Product launches, mergers and acquisitions, collaborations, partnerships, and the refurbishment of existing technology are examples of these tactics.
Global High Frequency Ventilators Market, Segmentation
The high frequency ventilators market is segmented on the basis of type, application, end-user, and region.
By type, the market has been divided into high-frequency oscillatory ventilator, high-frequency jet ventilator, high-frequency percussive ventilator, and others. Among these, the high-frequency jet ventilator sub-segment is anticipated to witness the fastest growth during the forecast period. With HFJV, a high-pressure source can supply a volume of gas through a small-bore injector cannula. Although delivered tidal volumes are substantial, volumes lower than dead space can sustain normal CO2 removal. HFJV restricts thoracic structural movement to a minimum providing distinct advantages for irradiation of lung lesions by minimizing exposure to radiation and dose, with less harm to surrounding tissue.
By application, the market has been divided neonates and others. Among these, the neonates sub-segment is anticipated to show the fastest growth during the forecast period. This is due to an increase in the number of preterm births around the world. Furthermore, an increase in government investments in the creation of advanced healthcare infrastructure is projected to support the segment growth in the future.
By end-user, the market has been divided into hospitals and others. Among these, the hospitals segment accounted for a dominant market share in 2021. The increase in incidence of premature childbirth and the increase in patient hospitalizations are two factors projected to drive the segment share. In addition, patient preference is influenced by the accessibility of cutting-edge medication therapy in hospitals. Furthermore, the demand for ventilators in hospitals will be driven by experienced specialists providing specialty therapies. Such factors are likely to drive the high frequency ventilators market growth in the future.
The high frequency ventilators market in the Asia-Pacific is anticipated to show the fastest growth by 2031, due to an increase in efforts by international companies to enter this rising market and increase their share. The regional market is anticipated to be driven by an increase in national and international collaborations among organizations, particularly those in developed and emerging countries.
Key Player in Global High Frequency Ventilators Market
Some of the leading high frequency ventilators market players are
- Percussion Aire Corp
- Bunnell 436 Lawndale Drive
- ACUTRONIC Medical Systems AG
- An Inspiration Healthcare Group Company
- VYAIRE MEDICAL INC
- Carl Reiner GmbH
- BPL Medical Technologies
- General Electric Company
- Getinge AB
In October 2021, Movair, a respiratory treatment firm, debuted Luisa, a sophisticated ventilator designed for use in homes, institutions, hospitals, or portable applications for both invasive and non-invasive ventilation. Luisa can be used through the FDA's Emergency Use Authorization in response to the increase in need for safe and effective ventilators. Luisa is a portable and compact home ventilator and one of the first with the added benefit of high-flow oxygen therapy.