Ventilator breathing circuits, also known as ventilator tubing, are crucial components used in ventilator systems to provide a closed circuit for gas exchange between the ventilator and the patient. They help in delivering blended oxygen and medical gases to patients and allow exhalation of carbon dioxide. Rising cases of respiratory diseases such as asthma, chronic obstructive pulmonary disease (COPD), pneumonia, and others have boosted the demand for ventilator systems, thus driving the ventilator breathing circuit market.
The global ventilator breathing circuit market is estimated to be valued at US$ 1361.64 Mn in 2024 and is expected to exhibit a CAGR of 4.1% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the Ventilator Breathing Circuit Companies are Agrana Group, Archer Daniels Midland Company, Bunge Ltd., Cargill Incorporated, Commodity Specialists Company, Grain Processing Corporation, Ingredion Incorporated, Tate & Lyle Plc., Tereos Syral, and The Roquette Group. These players are focusing on new product launches and partnerships to strengthen their market presence.
The growing incidence of preterm births leading to respiratory distress syndrome in infants and the increasing aging population who are more susceptible to respiratory diseases offer significant growth opportunities in the Ventilator Breathing Circuit Market Growth. Key market players are expanding their geographical presence across different regions to tap the market potential in emerging countries.
Market Drivers and Restraints
Rising Prevalence of Respiratory Diseases: The increasing prevalence of respiratory diseases due to growing environment pollution levels and changes in lifestyle is a major factor augmenting the demand for ventilator breathing circuits. As per WHO, COPD is projected to be the third leading cause of death globally by 2030.
Cost-effectiveness of Disposables: Single-use disposable circuits have become highly popular as they reduce the risk of cross-contamination and are more cost-effective than reusable circuits that require high maintenance and cleaning costs. This drives the ventilator breathing circuit market growth.
Regulatory Barriers for New Entrants: Significant investments and lengthy approval procedures make the ventilator breathing circuit industry highly regulated. The stringent regulatory framework poses challenges for new players to enter this market. High R&D and marketing costs restrain the ventilator breathing circuit market growth.
Segment Analysis
Ventilator breathing circuit market is segmented based on application, end-user, and component. Based on application, the adult vent segment dominated the market in 2021 due to rising prevalence of chronic respiratory diseases among adults. Adult ventilator circuits contribute to around 68% of market share owing to higher risks of respiratory diseases among adults compared to pediatric patients.
Global Analysis
North America region holds the major share in ventilator breathing circuit market and is expected to continue its dominance during the forecast period. This is attributed to growing geriatric population, rising incidences of respiratory diseases, and well-established healthcare infrastructure in the region. Asia Pacific projected to witness the highest growth rate during the forecast period due to increasing healthcare spending, growing medical tourism industry, large patient population, and rising awareness regarding respiratory diseases. Moreover, increasing collaborations between global market players and local manufacturers boosts the market growth.
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About Author
Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights.
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