High Flow Ventilators Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 1.99 Billion |
| Market Size (2029) | USD 2.76 Billion |
| CAGR (2024 - 2029) | 6.66 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
High Flow Ventilators Market Analysis
The High Flow Ventilators Market size is estimated at USD 1.99 billion in 2024, and is expected to reach USD 2.76 billion by 2029, growing at a CAGR of 6.66% during the forecast period (2024-2029).
The emergence of the COVID-19 pandemic had an adverse effect on the world economy and the healthcare system. The lockdown all over the globe affected the supply chain of pharmaceuticals, medical devices, and biotechnological products. The severe impact of the SARS-CoV-2 virus on people with existing respiratory diseases/disorders further increased the risk for the target population. For instance, as per the research study published in the National Libray of Medicine in April 2021, the risk of severe COVID-19 in people with asthma was relatively small but people with Chronic obstructive pulmonary disease (COPD) and interstitial lung disease appeared to have a modestly increased risk of severe disease due to COVID-19. This was expected to increase the market growth for high-flow ventilators. Therefore, the above-mentioned stated that the high flow ventilators market grew significantly around the world with the emergence of the COVID-19 pandemic, but it would see a downward growth with the decreasing cases of COVID-19 globally, and slowly the market would show steady growth in certain geographies even after the reduction in the impact of the COVID-19 due to other respiratory diseases.
The prevalence and incidence of respiratory illness is rising currently and the global prevalence of the diseases is expected to grow in posterity. People who work in drug manufacturing, and antibiotics manufacturing factories complain about breathing issues and work-related asthma is becoming more prevalent among this target population. For instance, according to the study published in the Lung India in December 2021, COPD is estimated to be 7.4% prevalent in India. COPD was found to be prevalent in 11 percent of urban areas and 5.6 percent of rural areas. Moreover, as per the study published in Allergology International in January 2022, Asthma is a chronic inflammatory disease of the lungs that causes airway constriction and hyperresponsiveness, as well as wheezing and coughing. Approximately 1,177,000 people in Japan are being treated for asthma. Hence, owing to the high prevalence of respiratory diseases, the demand for high-flow ventilators is expected to increase which is expected to boost the growth of the studied market.
Moreover, the article published in Jama Network in November 2021 stated that chronic lower respiratory disease (CLRD) is the fourth leading cause of death in the United States, and approximately 14.8 million people have been diagnosed with chronic obstructive pulmonary disease (COPD) and more than 25 million people have asthma recently. Therefore, the growing prevalence of respiratory diseases is driving the demand for high-flow ventilators used for providing oxygen therapy to patients and overcoming breathing issues. Thereby, driving the growth of the studied market.
Technological advancement in the ventilators product by the market players is expected to boost the market over the forecast period.For instance, in October 2021, Movair, a respiratory therapy company launched Luisa, an advanced ventilator intended for use in homes, institutions, hospitals or portable applications for both invasive and non-invasive ventilation.
However, respiratory diseases have a high impact on the economy, and this may hamper the global demand for high-flow ventilators in the studied period.
High Flow Ventilators Market Trends
This section covers the major market trends shaping the High Flow Ventilators Market according to our research experts:
The Portable High Flow Ventilators Segment is Expected to Hold Significant Share in the Market Over the Forecast Period
The portable high-flow ventilators segment is expected to hold a significant share in the studied market through the forecast period. This can be attributed to the rising adoption of these ventilators, due to integrated gaussmeter, superior monitoring capabilities, and advanced modes. The transport of patients within a hospital setting is a common event that exposes patients to risks normally not encountered in a stationary environment. Moreover, portable high-flow ventilators transform ventilatory care through their small size, portability, ease of use, versatility, and extended battery life. By costing as little as a third of other ICU ventilators and offering both invasive and noninvasive capabilities, they are ideally suited, no matter what their location or severity. These factors are expected to impel the segment's development in the forecasted period.
The studies demonstrating the benefits of the usage of portable high-flow ventilators in different disease conditions are also boosting the growth of the market. For instance, a Karger Journal article published in December 2021 reported that High-flow Nasal Oxygen (HFNO) improves exercise capacity, oxygen saturation, and symptoms in patients with chronic obstructive pulmonary disease (COPD). It also concluded that in patients with Chronic obstructive pulmonary disease, there is severe exercise limitation, and HFNO delivered by a battery-supplied portable device was more effective in improving walking distance than usual oxygen supplementation. Such studies suggest the usage of portable high-flow ventilators is beneficial in reducing symptoms and daily activities and thus expected to drive the segment's growth in the given timeframe.
The launch of products by the market players is also propelling the growth of the segment. For instance, in October 2021, Movairlaunched Luisa in the United States. It is an advanced ventilator intended for use in homes, institutions, hospitals, or portable applications for both invasive and non-invasive ventilation. Luisa is a portable and compact home ventilator now available in the United States and one of the first with the added benefit of high-flow oxygen therapy. Such launches are propelling the growth of the segment.
Thus, owing to the abovementioned factors, the portable high-flow ventilators segment is expected to show growth over the forecast period.
North America is Expected to Hold a Significant Share in the Market and Expected to do Same in the Forecast Period
North America accounted for a significant market share, and it is estimated to maintain its dominance over the forecast period. The United States is a hub for technological advancements and has a well-established healthcare infrastructure. The key factors driving the market are the increasing geriatric population and the growing number of respiratory diseases in the country. For instance, according to the Asthma and Allergy Foundation of America (AAFA), in April 2022, roughly 1 in 13 Americans had asthma, which is about 25 million people. As per the same source, about 5.1 million American children have asthma under the age of 18. The Asthma and Allergy Foundation of America (AAFA) stated that asthma is more common in female adults than in male adults. Around 9.8% of female adults have asthma, compared to 6.1% of male adults. Thus, patients with respiratory illness often require high-flow ventilators for treatment purposes, creating opportunities for the ventilators, and thereby boosting the market growth.
Furthermore, the increasing adoption of various business strategies by the market players such as collaborations, partnerships, and product launches in the region is also contributing to the market expansion. For instance, in August 2021, Max Ventilator reported the launch of the High Flow oxygen Therapy (HFOT) device and WeanX in its new ventilator range category. The HFOT device gives nearly 100 percent chances of survival with less operating costs than a traditional ventilator, adding force and strength to the ongoing battle against a resurgent COVID-19 virus. Thus, the aforementioned factors are expected to drive market growth in the region during the forecast period.
High Flow Ventilators Industry Overview
The studied market is fragmented and moderately competitive. Some of the key players in the market include companies, such as Getinge AB, Hamilton Medical, HERSILL, Koninklijke Philips NV, Medtronic, ResMed, VYAIRE, and Asahi Kasei (ZOLL Medical Corporation). These companies are actively involved in product innovations and technological advancements to sustain their positions in the market.
High Flow Ventilators Market Leaders
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Getinge AB
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Hamilton Medical
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HERSILL
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Koninklijke Philips N.V.
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Medtronic Plc
*Disclaimer: Major Players sorted in no particular order
High Flow Ventilators Market News
- May 2022: Max Ventilator launched multifunctional non-invasive (NIV) ventilators which come with inbuilt oxygen therapy and humidifier. It can be used for neonatal care as well as adult care, which makes it versatile. Also, it can keep a record of monitored parameters and operating conditions for 72 hours. Additionally, this new ventilator is just 5 kgs and comes with a trolley.
- January 2022: United Kingdom-based OES Medical launched a new mains-powered ICU ventilator to support hospitals managing oxygen demand at Arab Health 2020.
High Flow Ventilators Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Prevalence of Respiratory Diseases
4.2.2 Increasing Adoption of High-end Technologies in Critical Care
4.2.3 Increasing Geriatric Population
4.3 Market Restraints
4.3.1 Economic Impact of Respiratory Disorders
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value - USD Million)
5.1 By Modality
5.1.1 Portable High Flow Ventilators
5.1.2 Trolley Mounted High Flow Ventilators
5.2 By End User
5.2.1 Hospitals
5.2.2 Ambulatory Surgical Centers
5.2.3 Other End Users
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.2 Europe
5.3.2.1 Germany
5.3.2.2 United Kingdom
5.3.2.3 France
5.3.2.4 Italy
5.3.2.5 Spain
5.3.2.6 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 India
5.3.3.4 Australia
5.3.3.5 South Korea
5.3.3.6 Rest of Asia-Pacific
5.3.4 Middle East and Africa
5.3.4.1 GCC
5.3.4.2 South Africa
5.3.4.3 Rest of Middle East and Africa
5.3.5 South America
5.3.5.1 Brazil
5.3.5.2 Argentina
5.3.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Getinge AB
6.1.2 Hamilton Medical
6.1.3 HERSILL
6.1.4 Koninklijke Philips NV
6.1.5 Medtronic PLC
6.1.6 Movair
6.1.7 VYAIRE
6.1.8 Asahi Kasei (ZOLL Medical Corporation)
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
High Flow Ventilators Industry Segmentation
As per the scope of the report, a high-flow ventilator is a respiratory support system that is generally used in hospitals, ambulatory surgical centers, and other facilities, for patients suffering from acute and chronic respiratory failure. Oxygen therapy is used using high-flow ventilators at up to 60L/min. This reduces the need for noninvasive ventilation and intubation in the target population. High flow ventilators usually deliver oxygen therapy using a blender connected to a wall outlet, heated tubing, a humidifier, and a nasal cannula. The high flow ventilators market is segmented by modality (portable high flow ventilators and trolley mounted high flow ventilators), end user (hospitals, ambulatory surgical centers, and other end-users), geography (North America, Europe, Asia-Pacific, Middle East and Africa, South America). The market report also covers the estimated market sizes and trends for 17 countries across major regions globally. The report offers the value (in USD million) for the above segments.
| By Modality | |
| Portable High Flow Ventilators | |
| Trolley Mounted High Flow Ventilators |
| By End User | |
| Hospitals | |
| Ambulatory Surgical Centers | |
| Other End Users |
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High Flow Ventilators Market Research FAQs
How big is the High Flow Ventilators Market?
The High Flow Ventilators Market size is expected to reach USD 1.99 billion in 2024 and grow at a CAGR of 6.66% to reach USD 2.76 billion by 2029.
What is the current High Flow Ventilators Market size?
In 2024, the High Flow Ventilators Market size is expected to reach USD 1.99 billion.
Who are the key players in High Flow Ventilators Market?
Getinge AB , Hamilton Medical , HERSILL, Koninklijke Philips N.V. and Medtronic Plc are the major companies operating in the High Flow Ventilators Market.
Which is the fastest growing region in High Flow Ventilators Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in High Flow Ventilators Market?
In 2024, the North America accounts for the largest market share in High Flow Ventilators Market.
What years does this High Flow Ventilators Market cover, and what was the market size in 2023?
In 2023, the High Flow Ventilators Market size was estimated at USD 1.87 billion. The report covers the High Flow Ventilators Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the High Flow Ventilators Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
High Flow Ventilators Industry Report
Statistics for the 2024 High Flow Ventilators market share, size and revenue growth rate, created by Mordor Intelligenceā¢ Industry Reports. High Flow Ventilators analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
