Global Artificial Ventilation and Anaesthesia Masks Market to Reach USD 3.9 Billion by 2032, Driven by Advancements in Medical Technology and Rising Healthcare Expenditures | FMI

The global market for artificial ventilation and anaesthesia masks was valued at approximately USD 2.4 billion in 2022 and is projected to grow significantly, reaching an estimated value of USD 3.9 billion by the end of 2032. This growth, driven by increasing global healthcare expenditure, is expected to follow a compound annual growth rate (CAGR) of 5.0% from 2022 to 2032. As medical technology continues to advance and demand for critical care increases worldwide, artificial ventilation and anaesthesia masks are set to play an essential role in ensuring safe and effective patient care across a variety of healthcare settings.

Market Growth & Driving Factors

The artificial ventilation and anaesthesia masks market is expanding rapidly due to several critical factors. Increasing incidences of respiratory diseases, rising healthcare awareness, and the need for better patient care options in critical medical procedures are some of the key drivers for this market growth. As hospitals, emergency care centers, and home care settings continue to rely heavily on mechanical ventilation and anaesthesia during surgeries and intensive care, the demand for these masks is expected to rise.

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Further fueling this growth is the accelerating healthcare expenditure worldwide. As countries increase their investments in healthcare infrastructure and services, the adoption of advanced medical devices like artificial ventilation and anaesthesia masks is becoming more widespread. Additionally, with the COVID-19 pandemic highlighting the importance of respiratory support devices, the market for ventilation-related products has seen a surge.

Key Takeaways: The USA, China, and Japan Artificial Ventilation and Anaesthesia Masks Market

• USA Market:
  • The U.S. holds the largest market share for Artificial Ventilation and Anaesthesia Masks, projected to reach a valuation of USD 1.4 billion by 2032.
  • The market grew at a CAGR of 4.8% from 2017 to 2021 and is expected to see a USD 509.3 million absolute dollar opportunity from 2022 to 2032.
  • Key drivers include the high rate of ICU admissions (5 million annually) and the rising prevalence of chronic sleep disorders, leading to increased demand for ventilation equipment and anaesthesia masks.
  • The Affordable Care Act further boosts market growth by encouraging more patients to seek surgical treatments.
• China Market:
  • China’s market is still in its early stages but is projected to reach USD 280.4 million by 2032, with a CAGR of 4.3% from 2017 to 2021.
  • The country is expected to have a USD 96.8 million absolute dollar opportunity between 2022 and 2032.
  • The aging population in China, expected to reach 198 million by 2025, is a key factor driving the market.
  • China played a significant role during the pandemic, exporting 16,000 artificial ventilators and anaesthesia masks in a single month.
  • Leading players include Getinge AB, Dragerwerk AG & Co KGaA, Nihon Kohden Corp, and Hamilton Medical AG.
• Japan Market:
  • Japan’s market is anticipated to experience a CAGR of 3.4% over the next decade, with an absolute dollar opportunity of USD 64.8 million.
  • The market is expected to reach a valuation of USD 226.1 million by 2032.
  • Growth is driven by Japan’s aging population and its high standards of healthcare, which increase demand for advanced ventilation equipment.

These insights highlight the growing demand for artificial ventilation and anaesthesia masks across these regions, driven by aging populations, healthcare reforms, and advancements in medical technologies.

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Competitive Landscape

The artificial ventilation and anaesthesia masks market remains moderately competitive, with several key players leading the charge in terms of market share and innovation. Major companies are increasingly focusing on collaboration, partnerships, and research & development (R&D) to stay ahead in the market. These companies are introducing innovative solutions to meet the growing demand for efficient, comfortable, and reliable ventilation and anaesthesia masks.

Key Players in the Market Include:

• CareFusion Corporation
• Air Liquide Healthcare
• Koninklijke Philips N.V.
• Fisher and Paykel Healthcare
• ResMed
• Ambu A/S
• Acutronic Medical Systems
• GaleMed
• HOFFRICHTER GmbH
• Dragerwerk SA

These companies are leveraging advanced technologies, expanding their product portfolios, and enhancing their customer service to strengthen their market positions. Strategic acquisitions and partnerships are also helping them to broaden their global reach and improve their product offerings.

Recent Developments in the Market:

• In November 2020, Besmed launched the FitMax CPAP Face Mask, a new anaesthetic gas mask designed for patients who find full-face or nasal masks uncomfortable. This innovation aims to offer better comfort and fit for patients undergoing respiratory therapy.
• In April 2020, Nihon Kohden Group announced that its NKV-550 series ventilator was approved for production and sale in Japan. This series, introduced in 2019, is now being sold across the globe, providing a highly advanced and reliable ventilation solution for hospitals worldwide.

Market Segmentation

The artificial ventilation and anaesthesia masks market is segmented based on various applications, patient risk levels, and geographical regions. Understanding these segments helps in identifying the key areas driving demand and allows for targeted marketing strategies to be implemented.

By Application:

1. Operation Room: Masks are used extensively in surgical settings to ensure safe anaesthesia delivery and respiratory support during operations.
2. Intensive Care Unit (ICU): The ICU segment holds significant demand for artificial ventilation masks due to the critical care requirements of patients requiring mechanical ventilation.
3. Emergency Room: The emergency room segment is seeing rising demand for ventilators and anaesthesia masks due to emergencies requiring immediate intervention.
4. Dental: Dental surgeries, particularly those requiring anaesthesia, are driving the demand for smaller, specialized anaesthesia masks.
5. Home Care: With the rise in at-home care for patients with respiratory issues or who need continued ventilation, there is an increasing demand for home-use ventilation and anaesthesia masks.

By Risk of the Procedure:

1. High-Risk Patients: For patients undergoing high-risk procedures or suffering from severe respiratory conditions, masks that offer advanced functionality and comfort are essential.
2. Moderate-Risk Patients: Masks for moderate-risk patients are designed to balance effectiveness and comfort during procedures that carry less immediate danger.
3. Standard Patients: Standard masks are used in routine medical procedures, catering to patients undergoing general anaesthesia or ventilation.

By Region:

1. North America: The North American market holds a significant share of the global market due to the advanced healthcare infrastructure and the increasing demand for ventilatory support devices in hospitals and home care settings.
2. Europe: Europe is experiencing steady growth in the artificial ventilation and anaesthesia masks market, driven by increasing healthcare investments, a rise in surgeries, and the growing geriatric population.
3. Asia-Pacific (APAC): APAC is expected to witness the highest growth rate over the forecast period. Rapid urbanization, improving healthcare infrastructure, and rising respiratory disease prevalence in countries like China, India, and Japan contribute to this growth.
4. Middle East and Africa (MEA): The MEA region is gradually adopting more advanced medical equipment, with increasing investments in healthcare infrastructure and government initiatives aimed at improving patient care.
5. Latin America: Latin America shows a growing need for artificial ventilation and anaesthesia masks, especially in countries with improving healthcare systems and rising awareness of respiratory conditions.

Conclusion

The global artificial ventilation and anaesthesia masks market is on a steady upward trajectory, driven by the increasing demand for respiratory support in hospitals, emergency settings, and home care. As technological advancements continue to improve the comfort and efficiency of these products, the market is expected to witness substantial growth, reaching an estimated USD 3.9 billion by 2032.

The competitive landscape remains dynamic, with key players investing heavily in research and development and launching innovative products to meet the needs of a diverse patient population. With the continued rise in healthcare expenditure, the artificial ventilation and anaesthesia masks market is set for a promising future, ensuring enhanced care for patients worldwide.