Medical Humidifier Market worth $1,211.7 million by 2029
The report "Medical Humidifier Market by Product (Heated, Heat & Moisture Exchangers, Humidifier Accessories), Application (ICUs , Neonatal Care),Distribution Channel (Online), Patient Type (Adult), End user (Hospitals) and Region - Global Forecast to 2029", is valued at an estimated USD 922.8 million in 2024. The size is projected to reach USD 1,211.7 million by 2029, at a CAGR of 5.6%.
Browse 265 market data Tables and 60 Figures spread through 293 Pages and in-depth TOC on "Medical Humidifier Market by Product (Heated, Heat & Moisture Exchangers, Humidifier Accessories), Application (ICUs , Neonatal Care),Distribution Channel (Online), Patient Type (Adult), End user (Hospitals) and Region - Global Forecast to 2029"
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The market for medical humidifier is fueled by air pollution and climate change contributing to deteriorating air quality, increasing the need for medical humidifier, increased use of humidifiers in mechanical ventilators to ensure proper airway management in ICU and critical care patients, technological advancements in heated humidifiers is improving patient comfort and prevent airway dryness in ventilator-assisted breathing, rising investments in hospitals, ICUs, and emergency departments are increasing the use of humidifiers in ventilators and oxygen therapy systems, and rising healthcare expenditure worldwide, especially in emerging economies, is driving humidifier adoption in respiratory therapy units.
By product, heat and moisture exchangers (HMEs) segment to grow at the fastest rate in the Medical humidifier market across the forecast period.
Based on product, the Medical humidifier market is segmented into Heated Humidifier, Bubble Humidifier, Heat and Moisture Exchangers (HMEs), and Humidifier Accessories. Among theses, in 2023, Heat and Moisture Exchangers (HMEs) segment accounts for the highest growth rate in the Medical humidifier market. This is due to increasing surgical volumes worldwide, especially in developed and emerging economies, is fueling demand for anesthesia-related humidification devices, compared to active humidification systems, HMEs are more affordable, require no power source, and have low maintenance costs, HMEs enhance comfort for patients using CPAP and BiPAP machines for sleep apnea and chronic respiratory conditions, and growing healthcare access in Asia Pacific, Latin America, and the Middle East is driving the uptake of HMEs in newly built hospitals and homecare settings.
By patient type, adult patients holds the largest share in the Medical humidifier market in 2023.
The medical humidifier market is divided into three segments based on patient type: adult, pediatric, and neonatal. Among them, in 2023, adult patients segment accounts for the greatest market share of the medical humidifier market, since age-related loss of lung function necessitates the use of humidifiers in long-term oxygen treatment (LTOT), CPAP/BiPAP therapy, and home ventilation. Postoperative ventilation in adults undergoing surgeries (cardiac, neurological, and pulmonary) drives demand for heated humidifiers and heat moisture exchangers (HMEs), as does the growing elderly population (65 and older), who are more susceptible to chronic respiratory failure and pulmonary infections. According to the World Health Organization (2024), by 2030, one in every six individuals worldwide would be 60 or older, with the population in this age group expected to increase from 1 billion in 2020 to 1.4 billion. Furthermore, the number of people aged 80 and older is expected to triple between 2020 and 2025, reaching 424 million. The medical humidifier market is predicted to grow in line with the large growth in the aging population, especially among the elderly.
North America dominates the global Medical humidifier market in 2023.
The medical humidifier market is segmented into six major regional segments, namely, North America, Europe, Asia Pacific, Latin America, Middle East & Africa, and GCC Countries. The north America accounts for the largest market share in the medical humidifier market in 2023. This is due to rising ICU admissions and ventilator use, which necessitate humidification systems for oxygen therapy and mechanical ventilation, ongoing development and commercialization of medical humidifier products, supportive government regulations for product commercialization, and significant investments in hospital infrastructure. For example, the World Bank Group predicts that in 2022, North America's health expenditure will account for 16.6% of the region's GDP, indicating a high commitment to healthcare infrastructure development. Additionally, the huge presence of medical humidifier manufacturing companies in the region is increasing the market growth in the region. These companies are investing heavily in research and developments thus providing technologically advanced medical humidifiers across the region thus contributing to the regional growth.
Key Players
Prominent players in the Medical humidifier market include, include ResMed Inc. (US), Drägerwerk AG & Co. KGaA (Germany), Fisher & Paykel Healthcare Limited (New Zealand), Koninklijke Philips N.V. (Netherlands), Vincent Medical Holdings Limited (Hong Kong), Medline Industries, LP. (US), Hamilton Medical (Switzerland), GaleMed Corporation (Taiwan), and Eakin Healthcare (UK).
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