Venturi Mask Market Size 2024-2028
The venturi mask market size is forecast to increase by USD 2.74 billion at a CAGR of 15.63% between 2023 and 2028.
- The market is experiencing significant growth due to the increasing prevalence of chronic respiratory disorders, such as asthma and COPD. This trend is driven by the rising number of people suffering from these conditions and the subsequent demand for effective respiratory treatment solutions. Additionally, there is a growing focus on improved product designs for medical devices to enhance patient comfort and compliance, while healthcare services continue to prioritize innovation and patient-centered care. However, unfavorable reimbursement scenarios pose a challenge to market growth. Despite this, advancements in technology and the development of innovative mask designs offer opportunities for market expansion. The market is expected to grow steadily due to the high prevalence of chronic respiratory disorders and the availability of advanced healthcare facilities. Companies in this market are investing in research and development to create masks with superior features, such as improved fit, ease of use, and enhanced filtration capabilities.
What will be the Size of the Venturi Mask Market During the Forecast Period?
- The market, a segment of the global air pollution mitigation industry, is experiencing significant growth due to the rising prevalence of air pollution-related health issues, including preventable deaths from COPD and cardiovascular diseases. This trend is particularly prominent In the sports and geriatric populations, as physical activity and aging can exacerbate respiratory conditions. Cigarette smoke is another major contributor to air pollution and associated health risks, further driving demand for Venturi masks.
- The homecare segment of the market is expected to dominate, driven by increasing healthcare costs and the growing elderly population. Economic, social, and political factors, including GDP growth rate, demographic shifts, and regulations, are influencing market dynamics. Quantitative data indicates a steady increase in market size, while qualitative data from subject-related experts advises on pricing trends and product lifecycle stages. Positive changes in regulations and public awareness of air pollution's health impacts are also contributing to market growth.
How is this Venturi Mask Industry segmented and which is the largest segment?
The venturi mask industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
- Application
- COPD
- Asthma
- Others
- End-user
- Hospitals and clinics
- Homecare
- ASCs
- Product Type
- Adult Venturi Masks
- Pediatric Venturi Masks
- Disposable Adjustable Venturi Masks
- Geography
- North America
- US
- Canada
- Europe
- France
- Germany
- Italy
- UK
- Asia
- China
- India
- Japan
- South America
- Brazil
- Middle East & Africa
- UAE
- Rest of World (ROW)
- North America
By Application Insights
- The COPD segment is estimated to witness significant growth during the forecast period.
Chronic obstructive pulmonary disease (COPD) is a significant global health concern, being the fourth leading cause of death worldwide. With an estimated 12% of the global population affected, the prevalence and related healthcare costs are projected to increase in both developed and developing countries. The primary drivers of COPD include smoking and air pollution. Long-term oxygen therapy is the primary treatment for COPD patients with chronic respiratory failure, aiming to enhance their prognosis.
This market is influenced by various economic, political, and social scenarios. Macroeconomic analysis, value chain analysis, pricing analysis, and product development are crucial factors shaping the market's competitive position. External factors, such as regulations and positive/negative changes, also impact the market's growth trajectory. Understanding these elements is essential for businesses aiming to capitalize on opportunities and mitigate risks In the market.
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The COPD segment was valued at USD 747.90 million in 2018 and showed a gradual increase during the forecast period.
Regional Analysis
- North America is estimated to contribute 41% to the growth of the global market during the forecast period.
Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The market in North America held a significant market share in 2023, with the US being the primary contributor. This dominance is attributed to the escalating prevalence of chronic respiratory diseases, increasing product approvals, advanced device availability due to technological advancements, substantial R&D investments, and growing awareness regarding advanced oxygen therapies. Moreover, the number of chronic respiratory cases is on the rise in North America due to the high smoking prevalence. The North American market is projected to maintain its leading position throughout the forecast period due to these factors.
Chronic respiratory diseases, such as COPD, are a significant health concern, particularly among the geriatric population and those with a history of smoking. In the US alone, air pollution is estimated to cause approximately 133,000 preventable deaths annually. The homecare segment is expected to witness substantial growth due to the increasing preference for home-based healthcare and the availability of cost-effective venturi masks. The market's economic growth is influenced by various factors, including healthcare costs, GDP growth rate, and consumer buying behavior.
Market Dynamics
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
What are the key market drivers leading to the rise In the adoption of Venturi Mask Industry?
The increasing prevalence of chronic respiratory disorders is the key driver of the market.
- The market is driven by the increasing prevalence of chronic respiratory disorders, such as COPD and asthma, both in developed and developing countries. According to the Centers for Disease Control and Prevention (CDC), over 25 million people had asthma In the US in 2020. Globally, the situation is even more concerning, with approximately 300 million people diagnosed with COPD and asthma affecting 262 million people in 2020, according to the Global Initiative for Chronic Obstructive Lung Disease. Eurostat reports that respiratory diseases accounted for 8.2% of all deaths In the EU-28 in 2020, with around 5.9% of the adult population suffering from asthma.
- Air pollution, a major contributor to respiratory disorders, is a significant external factor impacting market growth. Preventable deaths due to air pollution are estimated to reach 8 million annually, according to the World Health Organization. The sports and geriatric population segments are major end-users of Venturi masks, with the elderly being particularly susceptible to respiratory issues due to their age and pre-existing conditions. The homecare segment is also growing rapidly due to the increasing trend of home healthcare and the need for convenient and cost-effective solutions. Economic, political, and social scenarios significantly influence market development, pricing trends, and competitive position.
What are the market trends shaping the Venturi Mask Industry?
Increasing focus on improved product designs is the upcoming market trend.
- The market is driven by the growing concern towards air pollution and its impact on health, leading to an increase in demand for advanced masks. companies are responding by innovating designs and features to cater to patients' preferences. For example, one-piece masks eliminate the need for multiple valves for concentration adjustment, while masks made of polypropylene material, free from PVC, have a lower environmental impact. Newer masks offer lighter weight, good visibility, and a comfortable fit for various face shapes. Economic, political, and social scenarios influence market development. Macroeconomic analysis and value chain analysis provide insights into pricing trends and competitive positioning.
- The product lifecycle, estimates, and research methodology are essential for strategic approaches to geographical penetration and business growth. Strengths, weaknesses, winning imperatives, and current focus are crucial elements of a comprehensive business strategy. Inorganic growth through acquisitions and partnerships can expand a company's network presence and product offerings.
What challenges does the Venturi Mask Industry face during its growth?
An unfavorable reimbursement scenario is a key challenge affecting the industry growth.
- The market is influenced by various factors, particularly In the context of air pollution and chronic respiratory disorders. According to quantitative data, global air pollution causes an estimated 7 million preventable deaths annually. Chronic obstructive pulmonary disease (COPD), asthma, and pneumonia are common respiratory conditions requiring long-term oxygen therapy. The Medicare reimbursement for home-based oxygen therapy is limited to 36 months due to economic factors, such as the Deficit Reduction Act of 2005. This results in significant reductions in average Medicare payments for oxygen therapy, making it challenging for providers to cover costs related to treatment beyond this period.
- Consequently, patients may face financial burdens for necessary disposable supplies and non-routine services. The healthcare costs associated with chronic diseases and the GDP growth rate are significant economic factors impacting the market. Consumer buying behavior is influenced by qualitative factors, such as product features, scalability, and business strategy. External factors, including regulations, positive changes, and negative changes, also influence the market dynamics. Pricing analysis and product lifecycle estimates are crucial for a strategic approach to market development and competitive positioning In the middle phase of the market.
Exclusive Customer Landscape
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Key Companies & Market Insights
Companies are implementing various strategies, such as strategic alliances, venturi mask market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence In the industry.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
- Becton, Dickinson and Co.
- Airways Surgical Pvt. Ltd.
- Braun & Co. Ltd.
- Flexicare Group Ltd.
- For Care Enterprise Co. Ltd.
- Fisher & Paykel Healthcare Corp. Ltd.
- Medline Industries LP
- Intersurgical Ltd.
- Smiths Group PLC
- SunMed
- GaleMed Corp.
- HSINER Co. Ltd.
- Invacare Corp.
- JG Moriya
- pfm medical ag
- PVS SpA
- Sturdy Industrial Co. Ltd.
- Besmed Health Business Corp.
- Salter Labs
- Terumo Corporation
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Research Analyst Overview
The market is a significant segment within the global air pollution mitigation industry, catering to various end-use applications and demographics. This market plays a crucial role in addressing the issue of air pollution-related preventable deaths, particularly in sectors such as sports and the geriatric population. Air pollution continues to pose a significant threat to public health, leading to numerous health complications, including COPD and respiratory issues. Portable oxygen concentrators are increasingly being used in conjunction with a Venturi mask to provide precise oxygen delivery, improving respiratory support for patients with varying oxygen needs. The market offers a solution to this problem by providing an effective means of delivering clean air to individuals in need. The market is influenced by various economic, political, and social scenarios.
Moreover, macroeconomic analysis indicates that the growth rate of GDP in several regions is positively correlated with the demand for these masks. Additionally, value chain analysis reveals that product pricing and consumer buying behavior are essential factors influencing market development. The healthcare costs associated with respiratory diseases and other air pollution-related conditions create a significant demand for Venturi masks, particularly In the homecare segment. Quantitative data suggests that the number of elderly individuals who are more susceptible to respiratory issues is increasing, further driving market growth. External factors, such as economic, political, and social changes, also impact the market.
For instance, regulations aimed at reducing air pollution levels may lead to increased demand for these masks. On the other hand, political instability and economic downturns may negatively impact market growth. The product lifecycle of Venturi masks is characterized by several phases, including the historical phase, middle phase, and current focus. During the historical phase, the market was primarily driven by inorganic growth through acquisitions and mergers. In the middle phase, product innovation and differentiation became key drivers of growth. Currently, the market is focused on scalability and business strategy to maintain a competitive position. Market development In the market is influenced by several winning imperatives, including geographical penetration, product strategy, network presence, benchmarking, and active innovation.
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Market Scope |
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Report Coverage |
Details |
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Page number |
162 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 15.63% |
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Market Growth 2024-2028 |
USD 2.74 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
13.17 |
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Key countries |
US, Germany, Japan, China, and UK |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
What are the Key Data Covered in this Market Research and Growth Report?
- CAGR of the industry during the forecast period
- Detailed information on factors that will drive the market growth and forecasting between 2024 and 2028
- Precise estimation of the size of the market and its contribution of the industry in focus to the parent market
- Accurate predictions about upcoming growth and trends and changes in consumer behaviour
- Growth of the market across North America, Europe, Asia, and Rest of World (ROW)
- Thorough analysis of the market's competitive landscape and detailed information about companies
- Comprehensive analysis of factors that will challenge the market growth of industry companies
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