Ventilator breathing circuits are tubing systems that connect the patient to a mechanical ventilator to provide ventilatory support to patients suffering from chronic respiratory diseases. Ventilator breathing circuit consist of an inspiratory limb, expiratory limb, wye connector, and an optional humidifier. Ventilator breathing circuits ensure effective delivery of oxygen and removal of carbon dioxide during mechanical ventilation.
The global Ventilator Breathing Circuit Market is estimated to be valued at US$ 1.5 Billion in 2023 and is expected to exhibit a CAGR of 12% over the forecast period 2023-2033.
Market key trends:
Rising Incidences of Chronic Respiratory Diseases
The rising incidences of chronic respiratory diseases such as chronic obstructive pulmonary disease (COPD) and asthma are expected to drive the demand for ventilator breathing circuits over the forecast period. As per the WHO, around 65 million people suffer from severe COPD worldwide. Furthermore, over 300 million people suffer from asthma. The growing geriatric population is also at high risk of developing respiratory diseases which is expected to boost the ventilator breathing circuit market growth during the forecast period. Advanced ventilator breathing circuits that offer increased comfort, prevent condensation, and minimize work of breathing are increasingly being adopted to provide effective respiratory support to chronic respiratory disease patients.
SWOT Analysis
Strength: Ventilator breathing circuits provide safe transport of gases into and out of the lungs. They help in effective delivery of ventilation by maintaining an open airway.
Weakness: Frequent replacement of ventilator breathing circuits leads to higher operational costs. Improper disinfection or sterilization of circuits can spread infections.
Opportunity: Rising cases of respiratory diseases like COPD and asthma globally is driving the demand for ventilator breathing circuits. Growth in home care ventilator usage also creates opportunities.
Threats: Threat of substitutes like alternative therapy methods can impact sales. Stringent regulations surrounding medical devices add compliance challenges.
Key Takeaways
The Global Ventilator Breathing Circuit Market Size is expected to witness high growth.
Regional analysis: North America currently dominates the market and is expected to continue its dominance over the forecast period. Factors such as the growing prevalence of chronic diseases, rising geriatric population, and heavy funding for R&D activities will support the region’s large share.
Key players operating in the ventilator breathing circuit market are Teleflex Incorporated, Smiths Group plc., Drägerwerk AG & Co. KGaA, Getinge AB, Medtronic.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemicals and materials, defense and aerospace, consumer goods, etc.