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 acute respiratory failure syndrome and other respiratory disease patients. The function of positive end-expiratory pressure (PEEP) valves is to provide positive airway pressure to change the blood and fresh inspired gas in the alveoli and the blood of alveolar capillaries. However, new developments in medical device technology for ventilators and methods used to decrease ventilator-induced lung injury is also paving the way for treatment of respiratory disease and quick recovery.
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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 which 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 and 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 growth during the forecast period.
The global positive end-expiratory pressure (PEEP) valves market can be segmented based on device type, age group, application, end-user, and region. In terms of device type, the market can be classified into reusable PEEP and disposable PEEP. Based on age group, the global positive end-expiratory pressure (PEEP) valves market can be bifurcated into neonates & infants and adults. Usage of positive end-expiratory pressure (PEEP) valves in adults is likely to increase in the next few years due to rise in use of tobacco and exposure to air pollution which leads to chronic respiratory diseases. According to the WHO (November 2016), chronic obstructive pulmonary disease (COPD) accounted for 3 million deaths globally in 2015 (about 5% death globally). Most of the COPD deaths were reported in low and middle-income countries, with over 90% deaths registered due to exposure to tobacco smoke and indoor & outdoor air pollution. In terms of application, the market can be categorized into emergency care, respiratory care, and anesthesia care. Based on end-user, the global positive end-expiratory pressure (PEEP) valves market can be divided into hospitals & clinics, home health care, and others.
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Geographically, the global positive end-expiratory pressure (PEEP) valves market can be segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America dominated the global market in 2018 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 disease 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 2018 due to favorable government policies regarding health care infrastructure, high incidence of COPD & asthma due to environmental conditions, and awareness programs against air pollution. 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.
Major players operating in the global positive end-expiratory pressure (PEEP) valves market include Fisher & Paykel Healthcare Limited, ResMed, Koninklijke Philips N.V., Mercury Medical, Pulmodyne, Inc., Dimar s.r.l., Intersurgical Ltd., HAROL S.r.l., Vygon SA., BLS system, Inc., Armstrong Medical, and SunMed.
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