Research Nester’s recent market research analysis on “Venturi Mask Market: Global Demand Analysis & Opportunity Outlook 2035” delivers a detailed competitors analysis and a detailed overview of the global venturi mask market in terms of market segmentation by application, end-user, type, and by region.
Growing Demand in Sports to Promote Global Market Share of Venturi Mask
The global venturi mask market is estimated to grow majorly on account of the increasing demand for venturi masks by athletes and sportspersons. In certain situations, a sportsperson might use oxygen therapy owing to physical exertion or any exercise-related respiratory condition. This may increase the for venturi masks to manage such conditions.
The global venturi mask market is estimated to grow majorly on account of the increasing pediatric population. Children are more prone to respiratory conditions such as asthma, bronchiolitis, and pneumonia, which necessitates the need for oxygen therapy. Thus, to provide oxygen support venturi mask is used in children with respiratory issues.
According to estimates, the population of those aged 0 to 17 in America has been growing at a pace of over 0.60% annually, and the rate is expected to increase to more than 0.63% annually by 2040.
Some of the major growth factors and challenges that are associated with the growth of the global venturi mask market are:
Growth Drivers:
· Growing Advancements in Technology Globally
· Rising Environmental Pollution
Challenges:
The presence of other treatments and lack of education are some of the major factors anticipated to hamper the global market size of venturi masks. The presence of alternative treatment options in the market can pose a significant challenge to the demand for venturi masks. Besides this, people in low economic regions may not be aware of these masks which might limit their adoption.
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By end-user, the global venturi mask market is segmented into hospitals and clinics, homecare, ASCs. The hospitals and clinics segment is to garner a highest revenue by the end of 2035. The growth can be attributed to growing spending by government in healthcare industry. This has improved the healthcare infrastructure across the globe and has led to advancements in medical technology. Moreover, more patients are now able to access hospitals and clinics for respiratory conditions that may require oxygen therapy, leading to a higher demand for venturi masks.
In addition, the homecare segment is set to garner a significant share on the account of growing trend of homecare medical equipment. Some people especially elderly people often require regular oxygen therapy therefore it might get inconvenient for them to visit the hospital regularly. This has led to an increase in demand for venturi masks as patients may opt for managing their respiratory conditions at home by using these masks.
Further, by application the market is segmented into asthma, COPD, pneumonia, myocardial infarction, respiratory distress syndrome. Out of which the COPD segment is expected to gain a notable share owing to growing pollution across the globe. It is expected that longer exposure to air pollution may increase the risk of COPD, leading to increase in demand for venturi masks, since it lowers the danger of carbon dioxide retention with the partial pressure of oxygen (PO2) titration.
By region, the North America venturi mask market is to generate the highest revenue by the end of 2035. This growth is anticipated by the growing healthcare sector. As a result, more people in the region will be able to access medical facilities including respiratory care, leading to a higher demand for venturi masks.
In addition, the market in Asia Pacific is estimated to hold a notable share owing to the rising prevalence of infectious diseases. Diseases such as influenza, and pneumonia may result in severe respiratory complications, which may necessitate the use of respiratory usage. This may significantly, increase the demand for venturi masks in the region.
Further, the Europe venturi mask market may experience significant demand on account of growing technological advancements. As a result, more practical and user-friendly venturi masks have been created in the region with more comfortable designs.
This report also provides the existing competitive scenario of some of the key players of the global venturi mask market which includes company profiling of Braun & Co. Ltd., Flexicare (Group) Ltd., For Care Enterprise Co. Ltd., JG Moriya, Medline Industries Inc., Smiths Medical Inc., SunMed, Fisher & Paykel Healthcare, and others.
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