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.
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·
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.
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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
·
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.
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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.
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