Refining healthcare infrastructure and surging medical expenditure by governments are expected to support to set up and usage of advanced medical devices across various institutes.
The Active Humidifier Devices Market is predicted to reach a market value of US$ 1,264.4 million in 2023. By 2033, the industry’s size is predicted to be reduced to US$ 1,206.9 million.
The manufacturers of Active Humidifier Devices have enjoyed significant growth in the historical period, recording a CAGR of 28.7%. Their peak has been driven by a surge in coronavirus cases. Moreover, these humidifiers observed outrageous demand during the pandemic as they were deployed to deliver humidified air to people requiring breathing aid.
The significance of active humidification throughout mechanical ventilation is well-known in the medical field. Taking the cue, manufacturers introduced several distinct breathing system solutions catering to the patient’s needs.
Unfortunately, the demand for Active Humidifier Devices is continuously spiraling down as COVID-19 cases have subsided. Manufacturers are severely impacted due to this derailing development.
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Factors like increasing infectious disorders that inflict respiratory systems and widespread demand for high-flow nasal cannulas in oxygen therapy are sustaining the market growth.
Active Humidifier Devices pose the risk of infection and have the possibility of water precipitation in the circuit tubing. Consequently, there is a high chance that effective medical devices could soon replace them if manufacturers do not implement relevant changes in the current model.
Top Highlights from the FMI’s Analysis of the Active Humidifier Devices Market:
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Historical vs. Forecast Direction of Active Humidifier Devices Manufacturers
Active humidifier device manufacturers are slowly losing their grip on the market simply due to abated COVID-19 scenario. The industry enjoyed massive growth in the past few years, recording a spike of 28.7%. Presently, the market has taken a sharp plunge of -0.5% CAGR.
Hamilton Medical introduced an active humidifier -H900, in the United States in September 2016 to illustrate the historical market growth. The release took place post the 510(k) clearance. The device offers ease of use, ergonomics, and enhanced handling. The company dived deep into “Intelligent Ventilation” concepts to introduce them in devices directly included in critical care ventilation.
Major Players
Active Humidifier Devices by Category
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Jul 04, 2023