Published on : Aug 28, 2019
Albany, New York, August 28, 2019: Non-invasive ventilators are being increasingly found to be effective in the treatment of conditions such as acute respiratory failure, cardiogenic pulmonary edema, and chronic obstructive pulmonary disease for immunocompromised people. These systems are also becoming popular among patients who look to avoid endotracheal intubation.
The market for non-invasive ventilators is anticipated to reach a value of ~USD 1.5 billion in 2019 and is likely to grow with a steady rate of CAGR of ~ 6 per cent through 2027. According to the WHO, chronic respiratory diseases is one of the leading causes of death around the globe and affects approximately 1 billion people worldwide, and other respiratory conditions also affect the global population with alarming regularity, boosting the demand for non-invasive ventilators.
These insights are derived from the intelligence report, titled, “Non-invasive Ventilators Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2027” which has been added recently to the Market Research Hub’s (MRH) ever-expanding repository.
A key factor that is anticipated to play a major role in the non-invasive ventilators industry is increasing efforts by manufacturers to make their devices smaller and portable. This trend is anticipated to have a positive impact in mass casualty events or pneumonia. On the other hand, lack of experience among operators in using non-invasive ventilators is expected to restrict the rate of adoption in the market, which is generating a need for relevant training for the workforce.
Non-Invasive Ventilators Market: Report Content
The report comprises a comprehensive analysis to bolster the report on the non-invasive ventilator market. In addition, the report strongly focuses on numerous facets in the market that are expected to have an impact on the development of the non-invasive ventilator market in various scenarios. Some of these factors include, drivers, restraints, opportunities, and trends. Further, the report also focuses on the segmentation of the market that provides an exhaustive analysis on non-invasive ventilators.
Furthermore, the report accurately describes benchmarking standards that are aimed at assessing the performance of the products, solutions and business processes. Benchmarking also emphasizes on the performances of rival companies, with the aim of improving on performance.
The analysis of the competitive scenario of the non-invasive ventilator market counts on Porters’ Five Force Analysis. Additionally, the Porters’ Five Force Analysis offers an analysis on the potential strategies of the players in the non-invasive ventilator market. The business strategies depends upon product portfolios, recent developments, company profile, SWOT analysis, and key differentiation.
Non-invasive Ventilator Market: Research Methodology
The report on non-invasive ventilators relies on primary research and secondary research that offers intelligence insights on the market. Nevertheless, the report focuses on authentic and unbiased sources that have had a substantial impact in the preparation of the report. On the other hand, the report also relies upon primary sources that are developed through analysis from experts, telephonic interviews, and detailed analysis from analysts, and surveys. In addition, the secondary sources of data incorporates EC filings, press releases, trade journals, government websites, and databases.
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