Market Trends of Netherlands Respiratory Devices Industry
This section covers the major market trends shaping the Netherlands Respiratory Devices Market according to our research experts:
Ventilators Segment is Expected to Grow Over the Forecasted Period
The ventilator segment is expected to witness significant growth in the respiratory devices market during the forecast period, owing to the factors such as the rising prevalence of respiratory diseases, brain injuries, cardiac arrest, and strokes among the population.
A ventilator is an equipment that delivers mechanical ventilation by moving breathable air into and out of the lungs to deliver breaths to a patient who is unable or insufficiently breathing. Modern ventilators are microprocessor-controlled computers. However, patients can also be ventilated using a simple, hand-operated bag valve mask. Ventilators are most employed in intensive care, home care, emergency medicine, and anesthesiology. In addition, ventilators are used in the treatment of various respiratory diseases, and the growing prevalence of these diseases is expected to boost the segment's growth.
In addition, the increased number of COVID-19 infections among the population also increased the demand for ventilators in healthcare settings across the world, which, in turn, impacted the growth of the segment. For instance, an article published in the Nature Public Health Emergency Collection in February 2022 stated that the male population in the country was at high risk of mortality during the first three months of the outbreak in the Netherlands. Also, as per another article published in PLOS One in October 2021, it has been observed that moderate and severe traumatic brain injury cases were common in the elderly population and are the primary cause of death in people with severe trauma injuries. Thus, the high burden of brain injuries is also expected to increase the demand for ventilators over the forecast period, propelling the market's growth.
Furthermore, the companies increased their ventilator production to treat patients with respiratory insufficiency during the COVID-19 pandemic. For instance, Royal Philips doubled the production of its hospital ventilators in May 2020 and achieved a four-fold increase by the third quarter of 2020. Also, in April 2020, Philips introduced a new Philips Respironics E30 ventilator as a readily available ventilation alternative during the COVID-19 crisis in situations. Thus, such initiatives taken by the companies are expected to have a positive impact on the segment's growth.
Thus, owing to the aforementioned factors, such as the high burden of coronavirus infection, increasing prevalence of traumatic brain injury, and increasing product launches, the segment studied is expected to grow significantly during the forecast period.
Masks Segment is Expected to Have Significant Market Share Over the Forecast Period
The masks segment is expected to witness significant growth in the Dutch respiratory devices market during the forecast period. The factors attributing to the segment's growth are the increasing COVID-19 and tuberculosis infections, rising demand for masks to prevent the spread of infection, and growing company activities.
The number of patients suffering from tuberculosis has increased in the country, which is anticipated to raise the demand for respirators to protect against inhaled toxins, propelling the market's growth. For instance, according to the data published by ECDC, in March 2022, 680 people with tuberculosis (TB) were reported in the Netherlands in 2021 compared to 622 patients with TB in 2020. Thus, the high number of TB infections in patients is expected to increase the demand for surgical masks to prevent the inhalation and spread of airborne droplet nuclei, thereby boosting segment growth.
Additionally, different types of masks are used to prevent and treat respiratory diseases. For instance, venturi masks and nasal prongs masks are used to treat acute respiratory failure (ARF) in chronic obstructive pulmonary disease (COPD).
Furthermore, the rising government initiatives to reduce the number of COVID-19 cases in the country are anticipated to fuel the segment's growth. For instance, in November 2021, the Dutch government reintroduced surgical masks to curb the spread of COVID-19 infection among the population in the Netherlands. This is expected to increase the demand for masks, boosting the segment's growth.
Therefore, owing to the factors such as rising tuberculosis cases and growing government initiatives in the country, the segment studied is expected to grow over the forecast period.
