High Frequency Ventilators Market by Type (High-frequency Oscillatory Ventilator, High-frequency Jet Ventilator, and High-frequency Percussive Ventilator), Application (Neonate and Others), End-user (Hospitals and Others), and Regional Analysis (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2022-2031

LS : Medical Devices & Supplies

RA08646

Pages: 230

Feb 2023

Global High Frequency Ventilators Market Analysis

The Global High Frequency Ventilators Market Size was $92.7 million in 2021 and is predicted to grow with a CAGR of 5.8%, by generating a revenue of $162.1 million by 2031.

Global High Frequency Ventilators Market Synopsis

The growing incidences of preterm childbirth globally and breathing issues associated with early birth are expected to drive the high frequency ventilators market share growth during the forecast time. Newborn respiratory distress syndrome (NRDS) is a lung disease that affects premature babies and decreases the life expectancy of the child. Thus, to prevent the severity caused by the disease, the demand for potent treatment options has increased which is expected to boost the high frequency ventilators market during the forecast period.

The market growth is expected to be restricted owing to the non-availability of skilled professionals and researchers for operating high frequency ventilators during the forecast period. Also, the high cost of installing high frequency ventilators in small and medium hospitals and clinics in developing and underdeveloped countries is further expected to restrain market growth in the future.

Increase in government support through an increase in funding for improving healthcare standards and providing the highest quality of treatment to premature babies in order to improve life expectancy is expected to drive high frequency ventilators market expansion. Also, increased reimbursement policies to enable common people to benefit from newly developed respiratory disease management services are creating excellent opportunities for the key players operating in the high frequency ventilators market.

According to regional analysis, the North America high frequency ventilators market accounted for a dominating market share in 2021. The regional growth is majorly attributed to extensive research ongoing in the field of cancer research and treatment options like high frequency ventilators and chemotherapy by researchers.

High Frequency Ventilators Market Overview

High-frequency ventilators are designed to deliver the lowest tidal volume feasible by breathing at substantially higher frequencies than ordinary ventilators. High-frequency ventilators are certified for hundreds of cycles per minute operation. When conventional ventilation fails, high-frequency ventilation (HFV) is used to replace it. It is a technique in which the set respiratory rate is significantly higher than the typical breathing rate. The tidal volume provided in this rescue approach is much less and may be less than dead space ventilation. A high frequency ventilator is a bedside machine used in HFV. The ventilator delivers oxygen and eliminates carbon dioxide through a breathing tube put in the child's windpipe. Depending on the child's condition, healthcare experts can alter the equipment as needed.

COVID-19 Impact on Global High Frequency Ventilators Market

The COVID-19 pandemic has had a moderate impact on the high frequency ventilators market industry. In 2020, the high frequency ventilator market witnessed a significant increase in demand whereas the product supply was severely affected, globally. A significant gap in ventilator supplies resulted in panic buying around the world to meet the increase in the number of patients requiring breathing support. The development of new vendors was noticed, with large transactions signed by firms that had never been seen before. Existing vendors who were able to increase output were also leading the market in terms of market share. Numerous inadequate ventilators were purchased which was not very useful for some healthcare professionals due to limited supplies at several places. Thus, this factor further increased the demand and supply gap in the market during the pandemic.

As the COVID-19 pandemic worsened, the prevalence of preterm childbirth increased which resulted in the high demand for high frequency ventilators. Premature babies have a weak respiratory system owing to which they require oxygen from outside sources like ventilators. This factor has increased the market growth during the pandemic period.

Growing Prevalence of Severe Breathing Diseases among People to Drive Market Growth

The need for effective disease treatment has increased due to the increase in the frequency of respiratory diseases like Acute Respiratory Distress Syndrome (ARDS) cases worldwide, especially among the geriatric population, and this is expected to drive the growth of high frequency ventilators market during the forecast period. ARDS is a rapid, widespread, inflammatory form of injury that can be fatal in seriously ill individuals. It is characterized by poor oxygenation, pulmonary infiltration, and an abrupt start. As per the report published in December 2022, ‘Acute respiratory distress syndrome: Epidemiology, pathophysiology, pathology, and etiology in adults’, every year approximately 10% to 15% of total patients admitted to ICU owing to their respiratory diseases suffer ARDS and approximately 23% of patients treated with mechanical ventilator suffer from ARDS and require high frequency ventilators. Apart from this, the growing cases of preterm childbirth and breathing issues associated with early childbirth are likely to drive the market growth even further.

To know more about global high frequency ventilators market drivers, get in touch with our analysts here.

High Cost of High Frequency Ventilations to Restrain Market Growth

The high frequency ventilators are very expensive as these are expensive technologies and require the latest technological precision for manufacturing. Thus, most small-scale hospitals, especially situated in small towns and rural areas of developing and underdeveloped countries are unable to afford and maintain the technology. This factor is expected to hinder the market growth during the forecast time. Also, not many healthcare technicians and professionals are aware of the functionality of such ventilators and hence are unable to operate the machines. This is also one of the major factors likely to impede the high frequency ventilators market growth during the forecast time frame.

Scientific Advancements in the R&D Field in Medical Devices to Create Market Opportunities

Various technological breakthroughs, such as the development of sophisticated portable ventilators and improvements in sensor technologies utilized in ventilators, are expected to provide attractive market prospects. Furthermore, advances in non-invasive and microprocessor-controlled portable ventilators will provide several potential prospects for the industry. Furthermore, an increase in government funding for establishing fully equipped healthcare facilities in rural areas of developing and underdeveloped countries is likely to create several growth opportunities for the key players operating in the high frequency ventilators market in the future.

To know more about global high frequency ventilators market opportunities, get in touch with our analysts here.

Global High Frequency Ventilators Market, by Type

By type, the market has been divided into high-frequency oscillatory ventilator, high-frequency jet ventilator, high-frequency percussive ventilator, and others. Among these, the high-frequency oscillatory ventilator segment accounted for a dominant market share in 2021 and the high-frequency jet ventilator segment is anticipated to witness the fastest growth during the forecast period.