According to our latest study, titled “Non-invasive Ventilation Masks Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Product; Application; End User; and Geography,” the market is projected to reach US$ 2,583.06 million by 2028 from an estimated value of US$ 1,776.04 million in 2021, growing at a CAGR of 5.5% from 2021 to 2028. The report highlights the key factors and trends impacting the market and focuses on prominent players and their strategies.
Non-invasive ventilation masks supports the patient’s breathing without the need for intubation or a tracheotomy and are used to provide non-invasive ventilation therapy. It delivers effective therapy with less risk of infection and high survival in patients with respiratory failure. High prevalence of chronic obstructive pulmonary diseases and increase in infections are expected to boost the market growth.
Market leaders operating in the market have undertaken various organic growth strategies in the non-invasive ventilation masks market. The non-invasive ventilation masks market majorly consists of various players, such as, Koninklijke Philips N.V., ResMed, Inc., Fisher & Paykel Healthcare Ltd., Dragerwerk KG & Co., KGaA, DeVilbiss Healthcare LLC, Air Liquide Medical Systems, Vyaire Medical, Inc. among others. The companies have been implementing various strategies that have helped the growth of the company and in turn have brought about various changes in the market. The companies have utilized organic strategies such as launches, expansion, and product approvals. Moreover, the companies have utilized inorganic strategies including mergers & acquisitions, partnership, and collaboration.
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Non-invasive ventilation masks are products that support the patient’s breathing without the need for intubation or a tracheotomy and are used to provide non-invasive ventilation therapy. It delivers effective therapy with less risk of infection and high survival in patients with respiratory failure. The NIV therapy masks are convenient, comfortable, and efficient. The rise in chronic obstructive pulmonary diseases (COPDs) and the increasing cases of infections globally are propelling the global non-invasive ventilation masks market. However, the side effects of NIV masks may limit the market’s growth over the next few years.
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