Active Humidifier Devices Market

Key Points Covered in Active Humidifier Devices Market Study

• Market estimates and forecast 2016-2031
• Key drivers and restraints impacting market growth
• Segment-wise, Country-wise, and Region-wise Analysis
• Competition Mapping and Benchmarking
• Market Share Analysis
• Key Product Innovations and Regulatory Climate
• COVID-19 Impact on global active humidifier devices market and How to Navigate
• Recommendation on Key Winning Strategies

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2016-2020 Active Humidifier Devices Demand Outlook Compared to 2021-2031 Forecast

According to Future Market Insights (FMI), the sales of active humidifier devices market grew at a CAGR of nearly 30% between 2016 and 2020. Growing respiratory distress due to the COVID -19 virus has created a sharp rise in demand for ventilators across the globe.

As humidifiers are used to provide humidified air to patients who require respiratory assistance, demand for these devices increased during the pandemic. Also, the emergence of infectious diseases affecting respiratory systems, acceptance of high flow nasal cannula for oxygen therapy is anticipated to drive the sales of active humidifier devices. Based on the aforementioned factors, the market is expected to witness positive growth.

Demand for acive humidifiers devices is primarily driven by improving healthcare infrastructure, increasing medical expenditure, and increased demand for crucial life-saving instruments such as medical ventilators, high flow oxygen therapy devices due to sudden outbreak of COVID-19 and high prevalence of respiratory diseases across the globe.

Integration of technologically advanced new solutions to meet patients' expanding respiratory needs is a primary reason for the intense competition in the market worldwide. Key companies are focusing on product launches and innovations or obtaining approvals for their new products to generate lucrative revenues.

Accoridng to Future Market Insights, the global active humidifier devices market is poised to espand at a CAGR of -2.2% by the end of 2031.

What are the Factors Driving the Active Humidifier Devices Makret Growth?

Improving healthcare infrastructure and increasing medical expenditure by governments would support to set up and usage of advanced medical devices across various institutes such as hospitals, ambulatory surgical centers, primary healthcare units, sleep care institutes.

Technological advancements have led to the expanding use of active respiratory humidifiers across various applications across the care. Apart from the general hospitals' wards to critical care units, the bubble humidifiers are now being found compatible to be used in MRI settings.

Manufacturers of the active humidifier devices market are getting support from governments in developing countries in the form of higher reimbursement. Support in the form of deeper collaborative research on better textile textures and fabric’s adsorbent capacity is aiding manufacturers in producing high-quality products in developing economies.

What are the Key Opportunities for Market Players?

Agreements, partnerships, and collaborations have emerged as key growth strategies adopted by the leading players in the global active humidifier devices market. Followed by this, new product launches emerged as the second-leading strategy adopted by the key players in these markets.

By pursuing these strategies, it helps the companies to expand their product offerings to enhance respiratory care. Acquisitions of key companies significantly accelerates the manufacturer’s strategy to capitalize on the market share and capture the significant share of the market.

Improvement and streamlining of regulatory processes in developing countries is expected to boost formalization of practice standards, development of better clinical treatment guidelines, standardize product usage, and shorten registration & licensing periods for active humidifier devices.

What is the Impact of the COVID-19 on the Market?

Adevnt of COVID-19 is anticipated to have a positive impact on the growth of the active humidification market, specifically for heated/electronic humidification devices. In the FQ-20, cases of coronavirus witnessed sudden spike, especially in India, which provided major boost to the active humidifier devices demand.

Also, even with the commencement of vaccination drive across the globe, cases are still increasing in some regions across the globe, which is keeping the market demand steady. Now, with growing awareness among the consumers for their health, as a precautionary measure consumers are increasing the adoption of these devices, especially for the patients in home-care settings.

Country-wise Insights

Will the U.S. remain a key market for active humidifier devices?

In 2021, the U.S. is estimated to account for over 94% value share in North America. The need for active humidifier devices is increasing in the U.S due to the unprecedented outbreak of COVID-19. Growing number of patient pool suffering from COVID-19 have increased the need for active humidifier devices for survival. Due to the increasing need for these devices, the market is expected to witness positive growth during the forecast period.

Additionally, rising living standards, health consciousness, and increasing disposable incomes are boosting the demand.

Why is Germany Considered to be the Most Lucrative Market within Europe?

Germany is expected to account for over 32.3% of the market in Europe by 2031, opines Future Market Insighst. Rise in demand for active humidifier devices is primarily due to increasing health awareness.

Growth in Germany’s active humidifier devices market is attributed to the changes in lifestyle, rapid expansion of commercial and residential building sectors, and favorable government norms and regulations to maintain humidity.

Furthermore, sudden outbraeak of COVID-19 epidemic increased the demand for active humidifier diseases to curb the increasing mortality rates due to the pandemic. Technological advancements and adoption of heated/electronic humidifier devices are likely to offer up new opportunities for the active humidifier devices market players in Germany.

What are the Factors Supporting Active Humidifier Devices Sales in China?

As per Future Market Insights, China’s active humidifier devices market is expected to account for over 49.5% of the market across East Asia by 2031. High prevalence of respiratory diseases in the country is a major factor driving market growth.

Demand for active humidifier devices witnessed sudden spike as China was the first country to witness spread of COVID-19. With increasing cases, need for active humidifier devices increased, spurring the sales.

In China, chronic respiratory diseases are the second leading cause of death. Some of the key factors driving the market growth include a robust healthcare system and increasing healthcare expenditures and technological advancement.

How Lucrative is the Market in India?

The active humidifier devices market in India is likely to grow at a CAGR of -2.9% during the forecast period, with a market share of over 50% across South Asia, as per the laest report of FMI. Major factor aiding the market growth is the outbreak of COVID-19 pandemic.  

With India witnessing sudden spike in the cases in the second wave, government have increased the adoption of active humidifier devices to reduce the fatalities in the country.

As the country is preparing for the third wave, ongoing cases of COVID-19 have compelled the healthcare professionals and government to improve the adoption. Thereby, creating lucrative growth opportunities for the key players in the coming years.

Category-wise Insights

How are Heated/Electronic Humidifier Devices Gaining Popularity?

With advent of advanced technology and innovation in recent years, active humidifier devices are growing and have become one of the most significant sectors in the health care industry. Based on product type, heated/electronic humidifier devices are expected to lead the segment in the global, occupying a market share of  more than 54% of the global market by 2021-end.

As electric humidifiers also help with people with dry skin and allergies, demand for heated/electronic heaters is expected increase over the coming years. High prevelance of air borne diseases such as flu, influenza and other diseases have surged the adoption of heated/electronic humidifier devices.

Medical researchers found that humidity levels above 40% rapidly deactivates the virus and bacterias thatr causes air borne respiratory diseases. Hence, adoption of these devices is expected to surge over the coming years.

Which Application will Lead the Active Humidifier Devices Market Growth?

By application, the market is segmented into invasive ventilation, non-invasive ventilation, and high flow oxygen therapy. As per Future Market Insights, invasive ventilation segment is expected to be the dominant segment in the global active humidifier devices market in 2021, occupying a market share of  more than 46.8% in 2021.

Following the outbreak of COVID-19, as the cases increased at alarming rate especially in developing economies such as India, need for invasive ventilation increased the sales of active humidifier devices. Also, demand for non-invasive ventilation among geriratric population is expected to increase over the coming years. The segment will account for over 31.3% of market share in 2031.

Competitive Landscape

Companies operating in the global active humidifier devices market are actively seeking to strengthen their position through collaborations, partnerships, agreements with established as well as emerging market players. The acquisition significantly accelerates the manufacturer’s strategy to capitalize on the market share and capture the significant share of the market.

The market is consolidated and is dominated by players such as include

• Teleflex  Incorporated
• Koninklijke Philips N.V.
• Fisher & Paykel
• ResMed
• Vapotherm Inc.
• Vincent Medical Ltd (Inspired Medical)
• Sumed (Salter Labs)
• WLAMed GmbH
• Penlon Ltd.
• DEAS S.R.L.
• Beijing Aeonmed Co. Ltd.
• Flexicare (Group) Limited
• GalMed Corporation
• Vadi Medical Technologies among others.

The current market scenario depicts a competitive scenario and is anticipated to witness significant growth during the forecast period. Growing respiratory distress due to COVID -19 has created a sharp rise in demand for ventilators across the globe.

Leading players operating in active humidifiers devices market are focusing on product launches and expansion strategies to gain competitive edge and establish their presence globally.

For instance,

In January 2021, Vadi Medical Technology introduced new humidifier – VH3000-220 Humidifier, and addition its existing range of humidifiers. This launch helped the company to strengthen their humifier portfolio.

Intersurgical Ltd., established its new office in Canada. With establishment of its new subsidiary, the company has expanded its direct operations in Canada through which the products will be available for Canadian Hospitals.

WILAmed GmbH introduced AIRcon Gen2 Respiratory Humidifier, next generation of respiratory humidifiers in 2019. From January 2019, AIRcon Gen 1 was discontinued and replaced by Gen2 humidifiers.

Scope of the Report

Key Questions Answered in Report

• How much is the active humidifier devices market currently worth?

  The global active humidifier devices market is estimated to be worth US$ 1.2 Bn in 2020 and is expected to decline over the next ten years owing to the decline in demand active humidifier devices post COVID-19 pandemic.

• What will be demand outlook/sales forecast of active humidifier devices market?

  The market is expected to reach US$ 1.17 Bn by the end of 2031, registering growth at a CAGR of -2.2% over the forecast period.

• What was last 4 years’ market CAGR?

  From 2017-2020, the active humidifier devices market expanded at the rate of 23% owing to the sustainable demand for respiratory assistance, emergence of infectious diseases affecting respiratory systems, and acceptance of high flow oxygen therapy.

• What are the key trends in active humidifier devices market?

  Expansion of leading manufacturers, new product launches and approvals, and improved healthcare infrastructure for active humidifier devices are the key trends driving the growth of active humidifier devices market.

• Which are the top 5 countries driving demand for active humidifier devices?

  South Korea, Japan, India, China and U.S. are the top 5 countries that are driving the demand for active humidifier devices market.

• What is the North America market outlook?

  North America is one of the key market for active humidifier devices. According to FMI, the U.S. is expected to account over 90% of the North America’s active humidifier devices market through 2031.

• At what rate are the sales of active humidifier devices products rising in Europe?

  Europe holds around a 12.2% revenue share in the overall active humidifier devices products market in 2021.

• Which companies are key manufacturers of active humidifier devices market?

  Teleflex Incorporated, Koninklijke Philips N.V., Fisher & Paykel, ResMed, Vapotherm Inc., Vincent Medical Ltd (Inspired Medical), Sumed (Salter Labs), WLAMed GmbH, Penlon Ltd., DEAS S.R.L., Beijing Aeonmed Co., Ltd., Flexicare (Group) Limited, GalMed Corporation, and Vadi Medical Technologies are the key manufacturers of active humidifier devices.

• At what rate are active humidifier devices products going to register growth in East Asia?

  The East Asia market is set to exhibit growth at a CAGR of 2.1% during the forecast period on the back of rapidly increasing burden of respiratory disorders, improved healthcare infrastructure, technological advancement, and expansion of the international market players.

• What are the key market statistics in China?

  China’s active humidifier devices market is expected to offer lucrative growth opportunities and is expected to exhibit growth at -0.7% CAGR during the forecast period.        

Active Humidifier Devices by Category

Product Type:

• Heated/electronic Humidifiers
• Bubble Humidifiers
• Accessories

Age Group:  

• Adult
• Paediatric
• Neonates

Application:

• Invasive Ventilation
• Non-invasive Ventilation
  • nCPAP (Nasal Continuous Positive Airway Pressure)
  • Bubble CPAP (Bubble Continuous Positive Airway Pressure)
• High Flow Oxygen Therapy

End User:

• Hospitals
  • Less than 100 Beds
  • 100-300 Beds
  • 300-500 Beds
  • 500 Beds and More
• Ambulatory Surgical Centers
• Sleep Centres

Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East and Africa (MEA)