According to a recent study by Future Market Insights (FMI), the Active Humidifier Devices Market will grow slowly over the forecast period. The market is expected to grow from US$ 1.23 billion in 2020 to more than US$ 1.0 billion by 2031. This corresponds to a cumulative CAGR of approximately -2.2% over the forecast period (2021-2031).
The current market scenario depicts a competitive landscape that is expected to grow significantly over the forecast period. The global increase in respiratory disorders caused by the COVID -19 virus outbreak has resulted in a sharp increase in demand for ventilators.
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Humidifiers are used to provide humidified air to patients who require respiratory assistance, and their demand increased during the pandemic, particularly in India, China, and the United States. Furthermore, the spread of infectious diseases affecting respiratory systems, as well as the acceptance of high flow nasal cannula for oxygen therapy, are expected to drive sales of active humidifier devices.
The increasing geriatric population with respiratory disorders has increased the use of non-invasive ventilators. However, due to an increase in severe COVID-19 cases around the world, the demand for invasive heated/electronic humidifier devices has skyrocketed.
According to Future Market Insights, the invasive ventilation segment will account for more than 46.8% of the market in 2021 and is expected to grow steadily during the forecast period. With the prevalence of airborne diseases and respiratory diseases on the rise, demand for heated/electronic active humidifier devices is expected to skyrocket over the forecast period.
According to Future Market Insights, heated/electronic active humidifier devices will account for more than 56.5% of the global market by 2031. Historically, the development and launch of technologically advanced new solutions to meet patients’ expanding respiratory needs has been expected to drive active humidifier device market growth.
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Key Takeaways from Active Humidifier Devices Market Study
- Heated/electronic humidifier devices accounted for 56% of the market in 2021 and are expected to grow further during the forecast period.
- By age group, the adult segment is expected to account for 88% of global active humidifier devices in 2021.
- In terms of application, invasive ventilation is expected to account for 47% of the market in 2021.
- Hospitals accounted for the largest share of end users (65%) in 2021 and are expected to grow at a steady rate throughout the forecast period.
- North America held the largest share of 28.7% in 2021 of the global active humidifier devices market. Emergence of new infectious diseases affecting respiratory systems, presence of leading manufacturers, and growing market consolidation activities has fueled the growth of the active humidifier devices market in North America.“Surging demand amid COVID-19 outbreak and acceptance of high flow nasal cannula therapy will drive the humidifier devices market over the next ten years,” says the FMI Analyst
Who is winning?
Some of the leading manufacturers of active humidifier devices market are focusing on product launches and expansion strategies such as collaboration and mergers with other key players to expand their customer base, thereby, improving their market presence.
- Breas Medical and Dräger entered into an agreement in July 2021 to provide extended support for providing ventilation solutions into long-term care facilities in the United States.
- Koninklijke Philips N.V. announced the acquisition of Capsule Technologies, Inc. in July 2021 in order to expand its leadership in patient care management.
- In response to the growing demand for high-flow nasal cannula systems, which are used to treat COVID -19 respiratory distress, Vapotherm expanded its production capacity for high-flow nasal cannula systems in April 2020.
- In May 2020, Inspired Medical’s Inspired O2FLO high flow respiratory humidifier has received Emergency Use Authorization (EUA) by U.S. FDA. This device will be available for emergency use in healthcare settings to treat patients with hypoxemia and other-acute respiratory symptoms. Additionally, O2FLO also meets homecare safety requirements which makes them safe for home use and also is IEC60601-11 compliant.
The key market players profiled by FMI include Teleflex Incorporated, Koninklijke Philips N.V., Fisher & Paykel, ResMed, Vapotherm Inc., Vincent Medical Ltd (Inspired Medical), Sumed (Salter Labs), WLAMed GmbH, Penlon Ltd., DEAS S.R.L., Beijing Aeonmed Co., Ltd., Flexicare (Group) Limited, GalMed Corporation, and Vadi Medical Technologies.
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Active Humidifier Devices by Category Product Type:
- Heated/electronic Humidifiers
- Bubble Humidifiers
- Accessories
Age Group:
- Adult
- Paediatric
- Neonates
Application:
- Invasive Ventilation
- Non-invasive Ventilation
- nCPAP (Nasal Continuous Positive Airway Pressure)
- Bubble CPAP (Bubble Continuous Positive Airway Pressure)
- High Flow Oxygen Therapy
End User:
- Hospitals
- Less than 100 Beds
- 100-300 Beds
- 300-500 Beds
- 500 Beds and More
- Ambulatory Surgical Centers
- Sleep Centres
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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