Active Humidifier Devices Market Outlook Cover New Business Strategy with Upcoming Opportunity 2021 to 2031
According to a recent study by Future Market Insights (FMI), the active humidifier devices market is expected to witness sluggish growth during the forecast period. The market is slated to grow from US$ 1.23 Bn in 2020 to over US$ 1.0 Bn by 2031. This reflects a cumulative CAGR of around -2.2% over the forecast period (2021-2031).
The current market scenario depicts a competitive landscape and is anticipated to witness significant growth during the forecast period. Growing respiratory disorders across the globe due to the outbreak of COVID -19 virus, created a sharp rise in demand for ventilators across the globe.
As humidifiers are used to provide humidified air to patients who require respiratory assistance, the demand for these devices increased during the pandemic, especially across India, China, and the U.S. Also, the outbreak of infectious diseases affecting respiratory systems, acceptance of high flow nasal cannula for oxygen therapy is anticipated to drive the sales of active humidifier devices.
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Growing geriatric population with respiratory disorders has improved the adoption of non-invasive ventilators. However, due to increasing severe cases of COVID-19 across the globe, need for invasive heated/electronic humidifier devices have surged the sales worldwide.
As per Future Market Insights, invasive ventilation segment is accounted for over 46.8% during 2021 and is expected to witness steady growth during the forecast period. With high prevalence of air borne diseases and respiratory diseases, demand for heated/electronic active humidifier devices is expected to witness substantial growth over the forecast period.
The heated/electronic active humidifier devices will hold over 56.5% of global market share through 2031, estimated by Future Market Insights. In past, the development and launch of technologically advanced new solutions to meet patients’ expanding respiratory needs is expected to bolster active humidifier devices market growth.
Key Takeaways from Active Humidifier Devices Market Study
- By product, heated/electronic humidifier devices accounted for the largest share of 56% in 2021 and are expected to continue to grow during the forecast period.
- By age group, adult segment is expected to account for the largest share of 88% in 2021 of global active humidifier devices.
- In terms of application, invasive ventilation is expected to account for the largest share of 47% during in 2021.
- By end user, hospitals accounted for the largest share of 65% in 2021 and are expected to grow at the steady pace during the forecast period.
- North America held the largest share of 28.7% in 2021 of the global active humidifier devices market. Emergence of new infectious diseases affecting respiratory systems, presence of leading manufacturers, and growing market consolidation activities has fueled the growth of the active humidifier devices market in North America.
“Surging demand amid COVID-19 outbreak and acceptance of high flow nasal cannula therapy will drive the humidifier devices market over the next ten years,” says the FMI Analyst
Who is winning?
Some of the leading manufacturers of active humidifier devices market are focusing on product launches and expansion strategies such as collaboration and mergers with other key players to expand their customer base, thereby, improving their market presence.
- In July 2021, Breas Medical and Dräger entered into an agreement, together, wherein, they will provide extended support for providing ventilation solutions into the U.S. long-term care facilities.
- In July 2021, Koninklijke Philips N.V. announced the acquisition of Capsule Technologies, Inc. to expand its leadership in patient care management.
- In April 2020, Vapotherm expanded its production capacity for high-flow nasal cannula systems, in response to the growing demand for high-flow nasal cannula systems, which are used for treating COVID -19 respiratory distress.
- In May 2020, Inspired Medical’s Inspired O2FLO high flow respiratory humidifier has received Emergency Use Authorization (EUA) by U.S. FDA. This device will be available for emergency use in healthcare settings to treat patients with hypoxemia and other-acute respiratory symptoms. Additionally, O2FLO also meets homecare safety requirements which makes them safe for home use and also is IEC60601-11 compliant.
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The key market players profiled by FMI include Teleflex Incorporated, Koninklijke Philips N.V., Fisher & Paykel, ResMed, Vapotherm Inc., Vincent Medical Ltd (Inspired Medical), Sumed (Salter Labs), WLAMed GmbH, Penlon Ltd., DEAS S.R.L., Beijing Aeonmed Co., Ltd., Flexicare (Group) Limited, GalMed Corporation, and Vadi Medical Technologies.What is the Impact of the COVID-19 on the Market?
Adevnt of COVID-19 is anticipated to have a positive impact on the growth of the active humidification market, specifically for heated/electronic humidification devices. In the FQ-20, cases of coronavirus witnessed sudden spike, especially in India, which provided major boost to the active humidifier devices demand.
Also, even with the commencement of vaccination drive across the globe, cases are still increasing in some regions across the globe, which is keeping the market demand steady. Now, with growing awareness among the consumers for their health, as a precautionary measure consumers are increasing the adoption of these devices, especially for the patients in home-care settings.Active Humidifier Devices by Category
- Heated/electronic Humidifiers
- Bubble Humidifiers
- Invasive Ventilation
- Non-invasive Ventilation
- nCPAP (Nasal Continuous Positive Airway Pressure)
- Bubble CPAP (Bubble Continuous Positive Airway Pressure)
- High Flow Oxygen Therapy
- Less than 100 Beds
- 100-300 Beds
- 300-500 Beds
- 500 Beds and More
- Ambulatory Surgical Centers
- Sleep Centres
- North America
- Latin America
- East Asia
- South Asia
- Middle East and Africa (MEA)
Key Questions Answered in the Report
How much is the active humidifier devices market currently worth?
What will be demand outlook/sales forecast of active humidifier devices market?
What was last 4 years’ market CAGR?
What are the key trends in active humidifier devices market?
Which are the top 5 countries driving demand for active humidifier devices?
What is the North America market outlook?
At what rate are the sales of active humidifier devices products rising in Europe?
Which companies are key manufacturers of active humidifier devices market?
At what rate are active humidifier devices products going to register growth in East Asia?
What are the key market statistics in China?
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