Positive End-expiratory Pressure (PEEP) Valves Market: Introduction
• Positive end-expiratory pressure valves provide ventilation, wherein airway pressure is maintained above atmospheric pressure at the end of exhalation by means of mechanical impedance. The PEEP valve increases the volume of gas in the lungs at the end of expiration in order to decrease the shunting of blood through the lungs and improve gas exchange. PEEP valves are used along with ventilators for patients with acute respiratory failure syndrome and other respiratory diseases. The function of positive end-expiratory pressure (PEEP) valve is to provide positive airway pressure to change the blood and fresh inspired gas in the alveoli and the blood of alveolar capillaries. New developments in medical device technology for ventilators and methods used to decrease ventilator-induced lung injury are paving the way for treatment of respiratory disease and quick recovery.
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Positive End-expiratory Pressure (PEEP) Valves Market: Key Trends
• The global positive end-expiratory pressure (PEEP) valves market is driven by increase in incidence of chronic respiratory diseases, sleep apnea, and acute respiratory failure syndrome and rise in prevalence of asthma, COPD, and other respiratory diseases. According to the WHO (November 2013), asthma is one of the major non-communicable diseases that inflames and narrows the passages of lungs. Around 235 million people suffered from asthma globally and most of the asthma-related deaths were reported in lower-middle and low income countries. Lack of skilled pulmonologists, side effects & complications during ventilator inhalation, high cost of treatment procedure, and lack of awareness are projected to restrain the global positive end-expiratory pressure (PEEP) valves market during the forecast period.
• The world is presently struggling with COVID-19 pandemic. COVID-19 leads to pneumonia, severe & acute respiratory disorders, multiple organ failure, and, in severe cases, death. The geriatric population is more prone to COVID-19. Positive end expiratory pressure (PEEP) is important in the treatment of patients with COVID-19, as it improves oxygenation and prevents the collapse of a patient’s airways at the end of each ventilator breath. The global positive end-expiratory pressure (PEEP) valves market grew at a rapid pace during the COVID-19 pandemic due to increase in demand for PEEP valves.
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• Governments of developing countries are making significant investments to modernize health care infrastructure in their respective countries, which is likely to increase access to health care. This is expected to propel demand for positive end-expiratory pressure (PEEP) valves. Rise in prevalence of chronic diseases, especially respiratory & lung diseases, in developing countries presents lucrative opportunities in the global positive end-expiratory pressure (PEEP) valves market.
North America to Capture Major Share of Global Positive End-expiratory Pressure (PEEP) Valves Market
• North America dominated the global market in 2020 due to technological advancements in medical devices, sophisticated lifestyles, high patient awareness, and high per capita health care expenditure. Early-phase diagnosis and treatment of diseases drives the medical biotechnology and medical devices market, which in turn is expected to propel the positive end-expiratory pressure (PEEP) valves market in North America.
• Europe was the second largest market for positive end-expiratory pressure (PEEP) valves in 2020 due to favorable government policies regarding health care infrastructure, high incidence of COPD & asthma due to environmental conditions, and awareness programs against air pollution
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• The market in Asia Pacific is likely to expand at a higher CAGR due to increase in population, changing lifestyles, rise in awareness among patients, surge in per capita expenditure, rise in air pollution, and environmental conditions. Additionally, economic growth supports health care infrastructure improvement in developing countries such as India, China, South Africa, and Brazil. These factors fuel the growth of the positive end-expiratory pressure (PEEP) valves market in Asia Pacific, Middle East & Africa, and Latin America.
Key Players Operating in Global Positive End-expiratory Pressure (PEEP) Valves Market
The global positive end-expiratory pressure (PEEP) valves market is highly consolidated due to the presence of small number of key players. These companies hold a major share in their respective regions. Growth strategies adopted by leading players are likely to drive the global positive end-expiratory pressure (PEEP) valves market.
Major players operating in the global positive end-expiratory pressure (PEEP) valves market are:
• Fisher & Paykel Healthcare Limited
• ResMed
• Koninklijke Philips N.V.
• Mercury Medical
• Pulmodyne, Inc.
• Dimar s.r.l.
• Intersurgical Ltd.
• Harol S.R.L.
• Other prominent players