Increasing prevalence of respiratory diseases among infants and rising investments in healthcare infrastructure, especially in emerging markets, are projected to drive the growth of the global infant oxygen mask market during the forecast period. The North American region is projected to experience significant growth by 2032.
NEW CASTLE and WILMINGTON, Del., April 17, 2024 (Globe Newswire) — Allied Market Research recently released a report titled: “Infant oxygen mask market Type, size, share, competitive environment and trend analysis report Application: Global opportunity analysis and industry forecasts from 2023 to 2032. ” According to the report, the global infant oxygen mask market generated $854 million in 2022 and is expected to generate $1.3 billion by 2032, increasing at a CAGR of 4.5% from 2023 to 2032. Masu.
Key determinants of growth
Increasing awareness among medical professionals and parents about the increasing incidence of respiratory diseases in infants, as well as an increase in the number of educational campaigns related to the benefits of infant oxygen masks, are predicted to increase the number of infant oxygen masks in the world. Factors expected to drive the growth of the oxygen mask market However, stringent regulatory requirements pose challenges for manufacturers in terms of time, cost, and continued compliance with evolving standards, which will hinder market growth in the future There is a possibility. On the contrary, continuous advancements and improvements in medical infrastructure are expected to provide rewarding opportunities for expansion of the infant oxygen masks market during the forecast period.
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Report scope and details:
|
Report scope |
detail |
|
Forecast period |
2023-2032 |
|
base year |
2022 |
|
Market size in 2022 |
$854 million |
|
Market size in 2032 |
$1.3 billion |
|
CAGR |
4.5% |
|
Number of pages in the report |
310 |
|
Target segment |
Type, use, region |
|
driver |
Increased incidence of respiratory diseases in infants Parent awareness campaign on infant oxygen mask education |
|
opportunity |
technological advances in the healthcare industry, particularly investments in healthcare infrastructure in emerging markets; |
|
restraints |
Strict regulatory requirements and high manufacturing costs |
Procurement completion report (310 Pages with insights, charts, tables, and diagrams (PDF): https://www.alliedmarketresearch.com/checkout-final/Infant Oxygen Mask Market – A296045
Type: Fastest growing operation window with subsegments During the forecast period
The operating window sub-segment holds a significant share in the infant oxygen mask market in 2022 and is expected to grow at the highest CAGR of 5.9% during the forecast period. Compliance with regulatory requirements and safety standards in the medical device industry will impact the demand for infant oxygen masks. Advances in technology are leading to the development of more efficient and easier-to-use masks with an emphasis on comfort, fit, and precision in oxygen delivery. Additionally, the increasing incidence of respiratory diseases in infants has increased the demand for masks with specific features tailored to different age groups and medical requirements.
Application: Hospital sub-segment witnessing significant growth During the forecast period
The hospital subsegment is expected to witness significant growth in 2022, rising at the highest CAGR of 7.5% during the forecast period. This is mainly due to the increasing incidence of respiratory diseases in newborns, increasing the demand for infant oxygen masks in hospitals. Additionally, advances in medical technology, especially neonatal care, have contributed to the development of innovative oxygen masks. Additionally, supportive health policies and government initiatives aimed at improving neonatal care have facilitated the adoption of infant oxygen masks in hospitals, particularly in NICUs.
Region: North America market will hold major share by 2032
The infant oxygen masks market in North America region accounted for the largest share of 36.3% in 2022 and is projected to continue to maintain its dominance in terms of market share till 2032. The market in this region is expected to grow at a maximum CAGR of 5.2. % during the forecast period. This increase is primarily due to the increasing prevalence of respiratory diseases such as bronchiolitis and pneumonia among infants in the region, requiring oxygen therapy. This demand is further amplified by advances in medical infrastructure and investments in neonatal care facilities, ensuring increased availability of specialized medical equipment such as infant oxygen masks to meet the needs of newborns.
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Key players in the infant oxygen mask market:
This report offers an in-depth analysis of key players in the global Infant Oxygen Masks market. These players are adopting various strategies such as new product launches, collaborations, expansions, joint ventures, and agreements to increase their market share and maintain their dominance in different regions. The report helps to introduce the competitive scenario by highlighting business performance, business segments, product portfolio, and strategic moves of market players.
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