Asia Pacific Non-Invasive Ventilation Masks Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product (Non-Invasive Ventilation Reusable Masks and Non-Invasive Ventilation Disposable Masks), Application (Respiratory Dysfunction, Chronic Obstructive Pulmonary Diseases, Pneumonia, and Others), and End User (Pediatric, ICU, Home Care, and Others)
The Asia Pacific non-invasive ventilation masks market is expected to reach US$ 581.8 million by 2028 from US$ 384.8 million in 2021. The market is estimated to grow at a CAGR of 6.1% from 2021 to 2028.
Res Med has offered an intelligent NIV mask that can help tailor treatment to patients' unique and changing needs. Increasing collaborations and R&D investments in the development of single-use and reusable consumables and a refined sales network are intended to stimulate the market's growth for NIV masks and circuits. In October 2020, Draegerwerk AG & Co. KGa A was recognized as a technology innovation leader in the ventilation industry by Frost & Sullivan for its pioneering work to increase patient safety and expedite recovery through innovative ventilator clinical protocols, continual improvements in ventilation technology, and best-in-class services/support, training, and continuing education. An increase in per capita healthcare spending in various developing countries is one of the prime factors that provide lucrative opportunities for this market during the forecast period. According to an article published by Organization for Economic Co-operation and Development data, the per capita healthcare spending in Indonesia has increased from US$ 162 in 2008 to nearly US$ 350 in 2018. Additionally, both public and private players are investing heavily in developing countries to cater to the growing demand for the market on account of growing health awareness.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the non-invasive ventilation masks market. The Asia Pacific non-invasive ventilation masks market is expected to grow at a good CAGR during the forecast period.
Asia Pacific Non-Invasive Ventilation Masks Market Revenue and Forecast to 2028 (US$ Million)
Asia Pacific Non-Invasive Ventilation Masks Market Segmentation
By Product
Non-Invasive Ventilation Reusable Masks Non-Invasive Ventilation Disposable Masks By Application
Chronic Obstructive Pulmonary Diseases Respiratory Dysfunction Pneumonia Others By End User
Pediatric ICU Home Care Others By Country
China Japan India Australia South Korea Indonesia Thailand Singapore Malaysia Rest of Asia Pacific Companies Mentioned
Hamilton Medical Res Med Inc. Fisher & Paykel Healthcare Limited. Air Liquide Medical Systems Dragerwerk AG & Co. KGa A Intersurgical Ltd BMC Medical Co., Ltd De Vilbiss Healthcare LLC VYAIRE MEDICAL, INC. ARMSTRONG MEDICAL Koninklijke Philips N.V.
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