The venturi masks market report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
One trend in the venturi masks market is increasing focus on improved product designs. The increasing demand for advanced venturi masks from patients and huge competition from other players in the market made the vendors to focus on innovative designs and offerings.
The manufacturers are putting continuous efforts for developing venturi masks with lighter weight, fewer/one-piece interfaces, several styles and sizes with additional comfort and efficiency to meet the patients' preferences.
About Venturi Masks Market
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The analysts forecast global venturi masks market to grow at a CAGR of 16.46% during the period 2017-2021.
A venturi mask or an air-entrainment mask is a medical device that delivers a known oxygen concentration to patients on controlled oxygen therapy. It can deliver oxygen concentrations ranging from 24% to 80% with flow rates of 4-12 L/min.
The major clinical applications of venturi masks include COPD and asthma. The other applications include respiratory distress syndrome, cystic fibrosis (CF), pneumonia, acute myocardial infarction, severe trauma, and neuromuscular diseases causing ventilatory failure.
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According to the Venturi Masks market report, one driver in the market is increasing prevalence of chronic respiratory disorders. The healthcare industry has witnessed a paradigm shift from hospital care to homecare over the last decade.
This trend is especially evident among the older population and people with chronic diseases. Technological advances and improvement in healthcare services are influencing many people to access home-based medical care to improve patient outcome and reduce healthcare expenditure.
The availability of venturi masks with improved designs that are easy to use, combining comfort and efficiency, is increasing patient's preference for homecare to reduce the burden of high cost and lengthy hospital stays.
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Key players in the global venturi masks market: BD, Besmed Health Business, Flexicare Medical, Smiths Medical, and Salter Labs. Other Prominent Vendors in the market are: DEAS, For Care Enterprise, Intersurgical, Sure Care, and Tylenol Medical Instrument.
Further, the report states that one challenge in the market is unfavorable reimbursement scenario. Declining reimbursement and unfavorable shifts in the payer mix significantly impact the treatment of chronic disease conditions.
Chronic respiratory disorders such as COPD, asthma, and pneumonia require long-term oxygen therapy. The Medicare reimbursement for home-based oxygen therapy in the US is limited to 36 months due to Deficit Reduction Act of 2005 (DRA).
It prevents oxygen providers to receive reimbursement coverage for costs related to treatment beyond 36 months.
This report, Global Venturi Masks Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years.
The report also includes a discussion of the key vendors operating in this market.
List of Exhibits
Exhibit 01: Overview of global venturi masks market
Exhibit 02: Segmentation of global venturi masks market
Exhibit 03: Global venturi masks market 2016-2021 ($ millions)
Exhibit 04: Five forces analysis
Exhibit 05: Global venturi masks market growth life cycle analysis by geography
Exhibit 06: Global venturi masks market share by geography 2016
Exhibit 07: Venturi masks market in Americas 2016-2021 ($ millions)
Exhibit 08: Venturi masks market in EMEA 2016-2021 ($ millions)
Exhibit 09: Venturi masks market in APAC 2016-2021 ($ millions)
Exhibit 10: Global venturi masks market share by application 2016
Exhibit 11: Global venturi masks market in COPD 2016-2021 ($ millions) and more..