Lewes, DE -- (SBWire) -- 12/07/2017 --Report forecast the 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.
The report covers the present scenario and the growth prospects of the global venturi masks market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
According to the 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.
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.
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.
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.
Market driver
- Increasing prevalence of chronic respiratory disorders
- For a full, detailed list, view our report
Market challenge
- Unfavorable reimbursement scenario
- For a full, detailed list, view our report
Market trend
- Increasing focus on improved product designs
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
Spanning over 72 pages "Global Venturi Masks Market 2017 - 2021" report covers Executive summary, Introduction, Scope of the report, Research Methodology, Market landscape, Geographical segmentation, Market segmentation by application, Market segmentation by end-users, Decision framework, Drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.
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