Global Ventilator Interface Devices Market: Overview

Ventilator interface devices are external devices that allow provision of information from the ventilator to the monitor or central station. Ventilator interface devices act as a support to non-invasive ventilation. Usage of non-invasive ventilation has increased in the last two decades and has become an integral tool in the management of both acute and chronic respiratory failure in home settings and critical care units. Positive airway pressure (PAP) is used in non-invasive ventilators to pump air under pressure into the airway of the lungs using ventilator interfaces devices. Ventilator interface device provides positive airway pressure which is an important influence on patient-ventilator interaction. However, new developments in medical device technology and artificial intelligence allow imaging thereby taking the devices at higher level, paving the way for treatment of disease and quick recovery.

Global Ventilator Interface Devices Market: Key Trends

The global ventilator interface devices market is driven by increase in incidence of chronic respiratory diseases and sleep apnea, and rise in prevalence of asthma, COPD, and other respiratory diseases. According to the WHO (November 2013), asthma is one of the major non-communicable diseases which inflames and narrows the passages of lungs. Over the past year, around 235 million people suffered from asthma globally and most of the asthma related deaths were reported in lower-middle and low income countries. Lack of skilled pulmonologists, side effects and complications during ventilators inhalation, shortage of physicians and nurses, high prices of treatment procedure, and lack of awareness are factors projected to restrain the global market growth during the forecast period.

Global Ventilator Interface Devices Market: Segmentation

The global ventilator interface devices market can be segmented based on interface device type, age group, end-user, and region. In terms of interface device type, the market can be classified into face mask, nasal mask, oral mask, and helmet. Based on age group, the global ventilator interface devices market can be categorized into neonates & infants and adults. Usage of ventilator interface devices is likely to rise in adult patients in the next few years due to surge in consumption of tobacco and exposure to air pollution which leads to chronic respiratory diseases. According to the WHO (November 2016), globally, 3 million deaths were caused by chronic obstructive pulmonary disease (COPD) in 2015 (about 5% deaths). COPD deaths were the highest in low­ and middle-income countries; over 90% deaths were registered due to exposure to tobacco smoke and indoor & outdoor air pollution. In terms of end-user, the global ventilator interface devices market can be divided into hospitals & clinics, home health care, and others.

Global Ventilator Interface Devices Market: Regional Analysis

Geographically, the global ventilator interface devices market can be segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America dominated the global market in 2018 due to advanced technology used in medical devices, sophisticated lifestyles, patient awareness, and high per capita health care expenditure. Early-phase diagnosis and treatment of diseases drive the medical biotechnology and medical device market, which in turn is projected to augment the ventilator interface devices market in North America. Europe was the second largest market for ventilator interface devices in 2018 owing to favorable government policies regarding health care infrastructure, high incidence of COPD & asthma due to environmental conditions, and awareness programs on air pollution. The market in Asia Pacific is expected to expand at a higher CAGR due to rise in population, changing lifestyles, increase in awareness among patients, surge in per capita expenditure, rise in air pollution, and environmental conditions. Additionally, economic growth supports health care infrastructure improvement in developing countries such as India, China, South Africa, and Brazil. These factors boost the growth of the ventilator interface devices market in Asia Pacific, Middle East & Africa, and Latin America.

Global Ventilator Interface Devices Market: Competitive Landscape

Major players operating in the global ventilator interface devices market include Fisher & Paykel Healthcare Limited, ResMed, Koninklijke Philips N.V., Mercury Medical, Pulmodyne, Inc., O-Two Medical Technologies, Inc., Dimar s.r.l., Intersurgical Ltd., HAROL S.r.l., and Vygon SA.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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