Market Trends of United States Respiratory Devices Industry
This section covers the major market trends shaping the USA Respiratory Devices Market according to our research experts:
Ventilators Segment is Expected to Show Better Growth in the Forecast Years
A ventilator is 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 commonly 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.
According to the Asthma and Allergy Foundation America, April 2022 updates, asthma affects around 25 million people in the United States each year. This equates to roughly one in every thirteen people. Also, according to the May 2021 report by the Society of Critical Care Medicine, the stock of hospital ventilators in the United States was around 160,000 units in the first quarter of 2020. An additional stock of 12,700 ventilators with Strategic National Stockpile (SNS) was made available across the United States.
Additionally, many developments are taking place that includes product launches and approvals, partnerships, collaborations, mergers, and acquisitions that can boost the segment. For instance, in November 2021, Movair has reported the United States launched Luisa, an advanced ventilator intended for use in homes, institutions, hospitals, or portable applications for both invasive and non-invasive ventilation. Thus, all the above-mentioned factor is expected to boost the segment growth over the forecast period.
