The Heat Moisture Exchanger Market share leads with an approximate CAGR of 4% in the global market, during the forecast period.
Speaking of which, the global market retains a forecasted revenue of US$ 269.2 Mn in 2022, and is expected to cross US$ 398.4 Mn by 2032.
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Heat moisture exchanger are intended for providing efficient recovery of heat and moisture. These heat moisture exchanger are intended to support minimized resistance to flowing air and produce high moisture to compensate loss of heat and moisture in patients with breathing and other respiratory problems.
All heat moisture exchanger have standard tapered ends to assure leak free seal. The provision of warm and humid gas through heat moisture exchanger for patients in the intensive care units have been recognized as necessary and various methods for ensuring this functionality has been taken care by the device manufacturers.
Heat Moisture Exchanger: Market Dynamics
Generally, heat moisture exchanger are intended to provide a more secure airway respiration in patients who require mechanical ventilation or at risk of aspiration. The introduction of light and disposable heat moisture exchanger that effectively conserves moisture has been effective in improving patient care.
Nowadays, combined form of heat moisture exchangers along with filters are being used which seem to have fulfilled major functions which are otherwise lost to the patient with an intubated trachea.
Over the years, geriatric population treatment, respiratory diseases, traumatic injuries and treatment have increased many folds resulting in increased demand for heat moisture exchanger. Furthermore, increase in conducting preventive therapeutic programs are anticipated to drive the growth of the heat moisture exchanger market.
In contrary, stringent regulation policies in certain countries with respect to heat moisture exchanger’s price, safety and efficacy is anticipated to hinder the market growth. Use of alternative devices to heat moisture exchanger such as heated humidifiers may also affect the growth of the market.
Many studies have reported that increased airway hydration, by heated humidifiers may decrease incidence of bacterial infection whereas heat moisture exchanger humidifiers carry risks of airway occlusion. Usage of such alternative devices may significantly alter the market of heat moisture exchanger. Ongoing R&D activities related to heat moisture exchanger are anticipated to present new opportunities for growth of the heat moisture exchanger market.
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Heat Moisture Exchanger Market: Overview
Ongoing R&D activities related to respiratory and tracheal devices are anticipated to present new opportunities for the heat moisture exchanger market. In competitive landscape, the heat moisture exchanger market growth comprises of both global and regional manufactures, thereby making the market highly competitive.
To be leader in the market, the manufacturers of heat moisture exchanger have inculcated new strategies for expanding their product portfolio and footprint in the market. They are trying to develop innovative heat moisture exchanger products by investing aggressively in R&D and expanding product footprint in developing nations.
Additionally, several key manufacturers of heat moisture exchanger are floating in huge investments to acquire or merge small and local companies.
Heat Moisture Exchanger Market: Region-wise Outlook
National Center for Health Statistics have reported that more than millions of surgical procedures of admitted inpatients are performed globally each year and more than half of them use heat moisture exchanger during intraoperative and postoperative respiratory support.
On the basis of geography. North America is anticipated to be leader in global heat moisture exchanger market. Increase in geriatric population requiring surgical procedures by mode of airway ventilation through heat moisture exchanger will drive the regions market.
Europe followed by Asia Pacific is expected to be next dominating region in global heat moisture exchanger market. Russia is anticipated to lead the market share of heat moisture exchanger market. Russia’s Health Ministry report of 2016 estimated a noticeable increase in the incidence rate of respiratory disease in Russian adults.
The Asia Pacific countries such as China and India, are anticipated to grow at an exponential rate for the heat moisture exchanger during forecast period.
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Heat Moisture Exchanger Market: Key Players
Some of the key players present in global heat moisture exchanger market include Biopsybell, King Systems, Vadi Medical, Toshiba Air Conditioning, Galemed, Draeger, Pharma Systems AB, Smiths Medical, Sarnova, Intersurgical, Medtronic Teleflex and others.
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