The North America non-invasive ventilation masks market was valued at US$ 902.92 million in 2023 and is expected to reach US$ 1,412.14 million by 2031; it is estimated to register a CAGR of 5.7% from 2023 to 2031.
The prevalence of respiratory illnesses such as asthma, obstructive sleep apnea (OSA), and chronic obstructive pulmonary disease (COPD) is rising worldwide. Invasive ventilation methods are often avoided in COPD patients to reduce risks of complications such as infections and mechanical lung injuries. Noninvasive ventilation (NIV) masks are preferred because they provide breathing support without requiring intubation. Thus, the chronic, long-term nature of COPD and sleep apnea leads to repeat purchases and creates a demand for NIV masks, thereby generating a steady, sustainable market for manufacturers.
The North America non-invasive ventilation masks market is segmented into the US, Canada, and Mexico. The US holds the largest size of the North America non-invasive ventilation masks market. The growing geriatric population base suffering from respiratory diseases such as COPD is the primary driver of the regional market. For instance, according to the United Nations Department of Economic and Social Affairs (UNDESA), the population aged above 60 is expected to reach 2 billion by 2050, with a growth rate of ~3% annually. Furthermore, the increasing acceptance of novel and innovative products and the availability of R&D grants are contributing to the growth of the North America non-invasive ventilation masks market in North America.
Strategic insights for the North America Non-Invasive Ventilation Masks provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
Report Attribute | Details |
---|---|
Market size in 2023 | US$ 902.92 Million |
Market Size by 2031 | US$ 1,412.14 Million |
Global CAGR (2023 - 2031) | 5.7% |
Historical Data | 2021-2022 |
Forecast period | 2024-2031 |
Segments Covered |
By Product
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
The geographic scope of the North America Non-Invasive Ventilation Masks refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The North America non-invasive ventilation masks market is categorized into product, application, end user, and country.
By product, the North America non-invasive ventilation masks market is bifurcated into noninvasive ventilation disposable mask and noninvasive ventilation reusable mask. The noninvasive ventilation disposable mask segment held a larger share of the North America non-invasive ventilation masks market share in 2023.
In terms of application, the North America non-invasive ventilation masks market is segmented into sleep apnea, chronic obstructive pulmonary disease, pneumonia, and others. The sleep apnea segment held the largest share of the North America non-invasive ventilation masks market share in 2023.
Based on end user, the North America non-invasive ventilation masks market is segmented into hospitals and clinics, home care, and others. The hospitals and clinics segment held the largest share of the North America non-invasive ventilation masks market share in 2023.
Based on country, the North America non-invasive ventilation masks market is segmented into the US, Canada, and Mexico. The US segment held the largest share of North America non-invasive ventilation masks market in 2023.
Air Liquide Medical Systems; Armstrong Medical Ltd; Besmed Health Business Corp; BMC Medical Co Ltd; DeVilbiss Healthcare LLC; Dimar S.P.A.; Dragerwerk AG & Co KGaA; Fisher & Paykel Healthcare Corp Ltd; Hamilton Medical AG; Hangzhou Formed Medical Devices Co., Ltd; Intersurgical Ltd; Koninklijke Philips NV; Medline Industries LP; ResMed Inc; Sleepnet Corporation; SunMed Group Holdings LLC ( AirLife); and SURU INTERNATIONAL PVT. LTD. are some of the leading companies operating in the North America non-invasive ventilation masks market.
The North America Non-Invasive Ventilation Masks Market is valued at US$ 902.92 Million in 2023, it is projected to reach US$ 1,412.14 Million by 2031.
As per our report North America Non-Invasive Ventilation Masks Market, the market size is valued at US$ 902.92 Million in 2023, projecting it to reach US$ 1,412.14 Million by 2031. This translates to a CAGR of approximately 5.7% during the forecast period.
The North America Non-Invasive Ventilation Masks Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Non-Invasive Ventilation Masks Market report:
The North America Non-Invasive Ventilation Masks Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Non-Invasive Ventilation Masks Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Non-Invasive Ventilation Masks Market value chain can benefit from the information contained in a comprehensive market report.