NEW YORK, March 27, 2023 /PRNewswire/ -- The global venturi mask market size is estimated to grow by USD 1,947.69 million from 2022 to 2027, according to Technavio. The market is estimated to grow at a CAGR of about 13.12% during the forecast period. Moreover, the growth momentum will accelerate. The increasing adoption of home care is notably driving the market growth, although factors such as unfavorable reimbursement scenarios are the market growth. For more insights on the historic data (2017 to 2021) and forecast market size (2023 to 2027) - Request a sample report
Global Venturi Mask Market – Market Dynamics Key factor driving market growth
- The increasing adoption of home care is a key factor driving the growth of the market.
- Technological advances and improved healthcare services are encouraging many people to receive home-based medical care.
- Patients are choosing home care more frequently to avoid the burden of high expenditures and long hospital stays.
- Venturi masks are simple to use, combining comfort and efficiency.
- Such factors are expected to increase the demand for venturi masks and drive market growth during the forecast period.
Major challenges hindering market growth
- An unfavorable reimbursement scenario is a major challenge to the growth of the global venturi mask market.
- Declining reimbursement rates and unfavorable changes in payer demographics are having a major impact on the treatment of chronic diseases.
- Chronic respiratory diseases such as COPD, asthma, and pneumonia require long-term oxygen therapy.
- In the US, the Deficit Reduction Act of 2005 (DRA) limits Medicare reimbursement for home oxygen therapy to 36 months. This will prevent oxygen providers from getting reimbursement for more than his 36 months of treatment.
- Such factors will hinder the market growth during the forecast period.
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- Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
- Global competitiveness and key competitor positions
- Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial - buy the report!
Global Venturi Mask Market - Segmentation Assessment Segment Overview
Technavio has segmented the market based on application (COPD, asthma, and others), and end-user (hospitals and clinics, homecare, and ASCs).
- The COPD segment will account for a significant share of the market growth during the forecast period. The rising prevalence of COPD is driven by increasing risk factors such as smoking and pollution. Long-term oxygen therapy is the first-line therapy for improving prognosis in COPD patients with chronic respiratory failure. According to the Centers for Disease Control and Prevention (CDC), in 2020, the global prevalence of COPD was approximately 12.2%. It is estimated that 600,000 to one million patients receive long-term oxygen therapy, incurring an annual cost of approximately USD 2 billion. This is expected to drive the demand for venturi masks in the treatment of COPD.
Geography Overview
By geography, the global venturi mask market is segmented into North America, Europe, Asia, and Rest of World (ROW). The report provides actionable insights and estimates the contribution of all regions to the growth of the global venturi mask market.
- North America is estimated to contribute 41% to the growth of the global market during the forecast period. North America will hold the largest market share in the global venturi mask market in 2022, with the US being the largest contributor. During the forecast period, the rising prevalence of chronic respiratory diseases, increasing product approvals, availability of advanced devices due to technological developments, heavy investment in R&D, and growing awareness of advanced people will drive the North American market. Also, the number of cases of chronic respiratory problems is increasing in North America due to the prevalence of smoking. Such factors will increase the market growth in this region during the forecast period.
Insights on the market contribution of various segments, including country- and region-wise historic data (2017 to 2021), and forecast market size (2023 to 2027) - Download a Sample Report
Global Venturi Mask Market – Leading trends influencing the market
- Increasing online marketing services is the primary trend in the global venturi mask market growth.
- Vendors are focusing on the online marketing of their products to provide better access to customers and increase the volume of product sales.
- Moreover, some vendors offer discounts and promotions on their online platforms that increase the number of online purchases.
- Furthermore, these products also come with a warranty or guarantee from the manufacturers.
- Hence, increasing online sales are expected to drive the growth of the global venturi mask market during the forecast period.
Insights on market drivers, trends, & challenges, historic period (2017 to 2021), and forecast period (2023 to 2027)- Request a sample report!
What are the key data covered in this Venturi Mask Market report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the venturi mask market between 2023 and 2027
- Precise estimation of the venturi mask market size and its contribution to the market in focus on the parent market
- Accurate predictions about upcoming trends and changes in consumer behavior
- Growth of the venturi mask market across North America, Europe, Asia, and Rest of World (ROW)
- A thorough analysis of the market's competitive landscape and detailed information about vendors
- Comprehensive analysis of factors that will challenge the growth of venturi mask market vendors
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Related Reports:
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Venturi Mask Market Scope |
|
Report Coverage |
Details |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 13.12% |
Market growth 2023-2027 |
USD 1,947.69 million |
Market structure |
Fragmented |
YoY growth 2022-2023 (%) |
12.27 |
Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
Performing market contribution |
North America at 41% |
Key countries |
US, Germany, UK, Japan, and China |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
Airways surgical Pvt. Ltd., Amechotechnology.com, Becton Dickinson and Co., Braun and Co. Ltd., Chart Industries Inc., Fisher and Paykel Healthcare Corp. Ltd., Flexicare Group Ltd., For Care Enterprise Co. Ltd., GaleMed Corp., HSINER Co. Ltd., Intersurgical Ltd., Invacare Corp., JG Moriya, Medline Industries LP, pfm medical ag, PVS SpA, Smiths Group Plc, Sturdy Industrial Co. Ltd., SunMed, and SureCare Community Services Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Browse for Technavio Health Care Market reports
Table of contents
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
- Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 13: Market segments
- 3.3 Market size 2022
- 3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
- 4.1 Global venturi mask Market 2017 - 2021
- Exhibit 18: Historic Market Size – Data Table on Global venturi mask Market 2017 - 2021 ($ million)
- 4.2 By Application Segment Analysis 2017 - 2021
- Exhibit 19: Historic Market Size – By Application Segment 2017 - 2021 ($ million)
- 4.3 By Application Segment Analysis 2017 - 2021
- Exhibit 20: Historic Market Size – By Application Segment 2017 - 2021 ($ million)
- 4.4 By End-users Segment Analysis 2017 - 2021
- Exhibit 21: Historic Market Size – By End-users Segment 2017 - 2021 ($ million)
- 4.5 Geography Segment Analysis 2017 - 2021
- Exhibit 22: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
- 4.6 Country Segment Analysis 2017 - 2021
- Exhibit 23: Historic Market Size – Country Segment 2017 - 2021 ($ million)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 24: Five forces analysis - Comparison between 2022 and 2027
- 5.2 Bargaining power of buyers
- Exhibit 25: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
- 5.3 Bargaining power of suppliers
- Exhibit 26: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
- 5.4 Threat of new entrants
- Exhibit 27: Threat of new entrants – Impact of key factors in 2022 and 2027
- 5.5 Threat of substitutes
- Exhibit 28: Threat of substitutes – Impact of key factors in 2022 and 2027
- 5.6 Threat of rivalry
- Exhibit 29: Threat of rivalry – Impact of key factors in 2022 and 2027
- 5.7 Market condition
- Exhibit 30: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by Application
- 6.1 Market segments
- Exhibit 31: Chart on Application - Market share 2022-2027 (%)
- Exhibit 32: Data Table on Application - Market share 2022-2027 (%)
- 6.2 Comparison by Application
- Exhibit 33: Chart on Comparison by Application
- Exhibit 34: Data Table on Comparison by Application
- 6.3 COPD - Market size and forecast 2022-2027
- Exhibit 35: Chart on COPD - Market size and forecast 2022-2027 ($ million)
- Exhibit 36: Data Table on COPD - Market size and forecast 2022-2027 ($ million)
- Exhibit 37: Chart on COPD - Year-over-year growth 2022-2027 (%)
- Exhibit 38: Data Table on COPD - Year-over-year growth 2022-2027 (%)
- 6.4 Asthma - Market size and forecast 2022-2027
- Exhibit 39: Chart on Asthma - Market size and forecast 2022-2027 ($ million)
- Exhibit 40: Data Table on Asthma - Market size and forecast 2022-2027 ($ million)
- Exhibit 41: Chart on Asthma - Year-over-year growth 2022-2027 (%)
- Exhibit 42: Data Table on Asthma - Year-over-year growth 2022-2027 (%)
- 6.5 Others - Market size and forecast 2022-2027
- Exhibit 43: Chart on Others - Market size and forecast 2022-2027 ($ million)
- Exhibit 44: Data Table on Others - Market size and forecast 2022-2027 ($ million)
- Exhibit 45: Chart on Others - Year-over-year growth 2022-2027 (%)
- Exhibit 46: Data Table on Others - Year-over-year growth 2022-2027 (%)
- 6.6 Market opportunity by Application
- Exhibit 47: Market opportunity by Application ($ million)
7 Market Segmentation by End-user
- 7.1 Market segments
- Exhibit 48: Chart on End-user - Market share 2022-2027 (%)
- Exhibit 49: Data Table on End-user - Market share 2022-2027 (%)
- 7.2 Comparison by End-user
- Exhibit 50: Chart on Comparison by End-user
- Exhibit 51: Data Table on Comparison by End-user
- 7.3 Hospitals and clinics - Market size and forecast 2022-2027
- Exhibit 52: Chart on Hospitals and clinics - Market size and forecast 2022-2027 ($ million)
- Exhibit 53: Data Table on Hospitals and clinics - Market size and forecast 2022-2027 ($ million)
- Exhibit 54: Chart on Hospitals and clinics - Year-over-year growth 2022-2027 (%)
- Exhibit 55: Data Table on Hospitals and clinics - Year-over-year growth 2022-2027 (%)
- 7.4 Homecare - Market size and forecast 2022-2027
- Exhibit 56: Chart on Homecare - Market size and forecast 2022-2027 ($ million)
- Exhibit 57: Data Table on Homecare - Market size and forecast 2022-2027 ($ million)
- Exhibit 58: Chart on Homecare - Year-over-year growth 2022-2027 (%)
- Exhibit 59: Data Table on Homecare - Year-over-year growth 2022-2027 (%)
- 7.5 ASCs - Market size and forecast 2022-2027
- Exhibit 60: Chart on ASCs - Market size and forecast 2022-2027 ($ million)
- Exhibit 61: Data Table on ASCs - Market size and forecast 2022-2027 ($ million)
- Exhibit 62: Chart on ASCs - Year-over-year growth 2022-2027 (%)
- Exhibit 63: Data Table on ASCs - Year-over-year growth 2022-2027 (%)
- 7.6 Market opportunity by End-user
- Exhibit 64: Market opportunity by End-user ($ million)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 65: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Exhibit 66: Chart on Market share by geography 2022-2027 (%)
- Exhibit 67: Data Table on Market share by geography 2022-2027 (%)
- 9.2 Geographic comparison
- Exhibit 68: Chart on Geographic comparison
- Exhibit 69: Data Table on Geographic comparison
- 9.3 North America - Market size and forecast 2022-2027
- Exhibit 70: Chart on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 71: Data Table on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 72: Chart on North America - Year-over-year growth 2022-2027 (%)
- Exhibit 73: Data Table on North America - Year-over-year growth 2022-2027 (%)
- 9.4 Europe - Market size and forecast 2022-2027
- Exhibit 74: Chart on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 75: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 76: Chart on Europe - Year-over-year growth 2022-2027 (%)
- Exhibit 77: Data Table on Europe - Year-over-year growth 2022-2027 (%)
- 9.5 Asia - Market size and forecast 2022-2027
- Exhibit 78: Chart on Asia - Market size and forecast 2022-2027 ($ million)
- Exhibit 79: Data Table on Asia - Market size and forecast 2022-2027 ($ million)
- Exhibit 80: Chart on Asia - Year-over-year growth 2022-2027 (%)
- Exhibit 81: Data Table on Asia - Year-over-year growth 2022-2027 (%)
- 9.6 Rest of World (ROW) - Market size and forecast 2022-2027
- Exhibit 82: Chart on Rest of World (ROW) - Market size and forecast 2022-2027 ($ million)
- Exhibit 83: Data Table on Rest of World (ROW) - Market size and forecast 2022-2027 ($ million)
- Exhibit 84: Chart on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)
- Exhibit 85: Data Table on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)
- 9.7 US - Market size and forecast 2022-2027
- Exhibit 86: Chart on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 87: Data Table on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 88: Chart on US - Year-over-year growth 2022-2027 (%)
- Exhibit 89: Data Table on US - Year-over-year growth 2022-2027 (%)
- 9.8 Germany - Market size and forecast 2022-2027
- Exhibit 90: Chart on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 91: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 92: Chart on Germany - Year-over-year growth 2022-2027 (%)
- Exhibit 93: Data Table on Germany - Year-over-year growth 2022-2027 (%)
- 9.9 Japan - Market size and forecast 2022-2027
- Exhibit 94: Chart on Japan - Market size and forecast 2022-2027 ($ million)
- Exhibit 95: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
- Exhibit 96: Chart on Japan - Year-over-year growth 2022-2027 (%)
- Exhibit 97: Data Table on Japan - Year-over-year growth 2022-2027 (%)
- 9.10 China - Market size and forecast 2022-2027
- Exhibit 98: Chart on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 99: Data Table on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 100: Chart on China - Year-over-year growth 2022-2027 (%)
- Exhibit 101: Data Table on China - Year-over-year growth 2022-2027 (%)
- 9.11 UK - Market size and forecast 2022-2027
- Exhibit 102: Chart on UK - Market size and forecast 2022-2027 ($ million)
- Exhibit 103: Data Table on UK - Market size and forecast 2022-2027 ($ million)
- Exhibit 104: Chart on UK - Year-over-year growth 2022-2027 (%)
- Exhibit 105: Data Table on UK - Year-over-year growth 2022-2027 (%)
- 9.12 Market opportunity by geography
- Exhibit 106: Market opportunity by geography ($ million)
10 Drivers, Challenges, and Trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Exhibit 107: Impact of drivers and challenges in 2022 and 2027
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- Exhibit 108: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 109: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 110: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 111: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 112: Matrix on vendor position and classification
- 12.3 Airways surgical Pvt. Ltd.
- Exhibit 113: Airways surgical Pvt. Ltd. - Overview
- Exhibit 114: Airways surgical Pvt. Ltd. - Product / Service
- Exhibit 115: Airways surgical Pvt. Ltd. - Key offerings
- 12.4 Amechotechnology.com
- Exhibit 116: Amechotechnology.com - Overview
- Exhibit 117: Amechotechnology.com - Product / Service
- Exhibit 118: Amechotechnology.com - Key offerings
- 12.5 Becton Dickinson and Co.
- Exhibit 119: Becton Dickinson and Co. - Overview
- Exhibit 120: Becton Dickinson and Co. - Business segments
- Exhibit 121: Becton Dickinson and Co. - Key news
- Exhibit 122: Becton Dickinson and Co. - Key offerings
- Exhibit 123: Becton Dickinson and Co. - Segment focus
- 12.6 Braun and Co. Ltd.
- Exhibit 124: Braun and Co. Ltd. - Overview
- Exhibit 125: Braun and Co. Ltd. - Product / Service
- Exhibit 126: Braun and Co. Ltd. - Key offerings
- 12.7 For Care Enterprise Co. Ltd.
- Exhibit 127: For Care Enterprise Co. Ltd. - Overview
- Exhibit 128: For Care Enterprise Co. Ltd. - Product / Service
- Exhibit 129: For Care Enterprise Co. Ltd. - Key offerings
- 12.8 GaleMed Corp.
- Exhibit 130: GaleMed Corp. - Overview
- Exhibit 131: GaleMed Corp. - Product / Service
- Exhibit 132: GaleMed Corp. - Key offerings
- 12.9 HSINER Co. Ltd.
- Exhibit 133: HSINER Co. Ltd. - Overview
- Exhibit 134: HSINER Co. Ltd. - Product / Service
- Exhibit 135: HSINER Co. Ltd. - Key offerings
- 12.10 Intersurgical Ltd.
- Exhibit 136: Intersurgical Ltd. - Overview
- Exhibit 137: Intersurgical Ltd. - Product / Service
- Exhibit 138: Intersurgical Ltd. - Key offerings
- 12.11 JG Moriya
- Exhibit 139: JG Moriya - Overview
- Exhibit 140: JG Moriya - Product / Service
- Exhibit 141: JG Moriya - Key offerings
- 12.12 Medline Industries LP
- Exhibit 142: Medline Industries LP - Overview
- Exhibit 143: Medline Industries LP - Product / Service
- Exhibit 144: Medline Industries LP - Key offerings
- 12.13 pfm medical ag
- Exhibit 145: pfm medical ag - Overview
- Exhibit 146: pfm medical ag - Product / Service
- Exhibit 147: pfm medical ag - Key offerings
- 12.14 PVS SpA
- Exhibit 148: PVS SpA - Overview
- Exhibit 149: PVS SpA - Product / Service
- Exhibit 150: PVS SpA - Key offerings
- 12.15 Smiths Group Plc
- Exhibit 151: Smiths Group Plc - Overview
- Exhibit 152: Smiths Group Plc - Business segments
- Exhibit 153: Smiths Group Plc - Key news
- Exhibit 154: Smiths Group Plc - Key offerings
- Exhibit 155: Smiths Group Plc - Segment focus
- 12.16 Sturdy Industrial Co. Ltd.
- Exhibit 156: Sturdy Industrial Co. Ltd. - Overview
- Exhibit 157: Sturdy Industrial Co. Ltd. - Product / Service
- Exhibit 158: Sturdy Industrial Co. Ltd. - Key offerings
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Exhibit 159: Inclusions checklist
- Exhibit 160: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 161: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 162: Research methodology
- Exhibit 163: Validation techniques employed for market sizing
- Exhibit 164: Information sources
- 13.5 List of abbreviations
- Exhibit 165: List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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Technavio Research
Jesse Maida
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UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
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