Medical Humidifier Market
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Medical Humidifier Market was valued at USD 690 million in 2022 and is expected to register around 5.4% CAGR between 2023 and 2032. A medical humidifier is a device designed to add moisture to the air that a patient breathes in a medical setting. The increased adoption of home healthcare devices by the geriatric population base is driving the medical humidifiers market expansion.
According to the WHO estimates, the elderly patient base aged 60 years and more is anticipated to surge from 1 billion in 2020 to 1.4 billion by 2040. The elderly population often experiences a higher prevalence of respiratory conditions such as COPD, asthma, and pneumonia. Therefore, increasing geriatric population base contributes to a sustained and growing demand for medical humidifiers, both in healthcare institutions and home-based settings.
The increasing prevalence of respiratory conditions such as the respiratory distress syndrome, ultimately surging the demand for medical humidifiers to provide optimal respiratory care to the patients is said to benefit the overall market growth. Additionally, the recent pandemic COVID-19 has led to significant awareness and adoption of such devices resulting in positive impact on business development.
Report Attribute | Details |
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Base Year: | 2022 |
Medical Humidifier Market size in 2022: | USD 690 Million |
Forecast Period: | 2023 to 2032 |
Forecast Period 2023 - 2032 CAGR: | 5.4 |
2023 Value Projection: | USD 1.2 Billion |
Historical Data for: | 2018 to 2022 |
No of Pages: | 150 |
Tables, Charts & Figures: | 211 |
Segments Covered: | Type, Channel, End-use, and Region |
Growth Drivers: |
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Pitfalls Challenges: |
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The COVID-19 pandemic had a substantial impact on both the demand and supply side of the market. As the virus spread, the necessity of preserving indoor air quality and ideal humidity levels for respiratory health became more apparent. The demand for humidifiers in a variety of contexts such as households, healthcare facilities, and offices increased. This spike in demand accelerated the adoption of humidification systems, propelling the industry forward as individuals sought gadgets to improve indoor air quality and create healthier settings.
Technological advancements in medical humidifiers contributed to improved patient care, ease of use, and the overall efficiency of respiratory therapy. Modern medical humidifiers are often integrated into respiratory devices such as mechanical ventilators, which was valued at USD 3.3 billion in 2022, and continuous positive airway pressure (CPAP) machines. This integration ensures seamless operation and synchronization with the respiratory support system.
The market by type is categorized into heated humidifiers, passover humidifiers, integrated humidifiers, built-in humidifiers, and stand-alone humidifiers. The heated humidifiers segment garnered USD 224 million revenue size in the year 2022.
Based on channel, the medical humidifier market is segmented into OTC and prescribed. The prescribed segment garnered USD 328 million revenue size in the year 2022.
Based on end-use, the medical humidifier market is segmented into hospitals, outpatient facilities, and home care. The hospitals segment garnered USD 374 million revenue size in the year 2022.
U.S. medical humidifier market accounted for USD 197 million revenue size in 2022 and is predicted to witness substantial market growth over the analysis timeline.
The medical humidifier industry is consolidated, with key players including, Medtronic plc, Koninklijke Philips N.V, and others dominating the market space. These companies focus on ongoing channel innovation, geographical expansion, and partnerships to secure substantial market share. For instance, in August 2022, Levoit launched the OasisMist Smart Humidifier, a double mist humidifier designed to create a spa-like experience while promoting beauty and wellness advantages. This product offers a quick-humidifying technology, user-friendly design, and sleep mode for all seasons, and produces a continuous fine mist for up to 45 hours. Such innovative product launches are estimated to augment business expansion.
Some of the eminent market participants operating in the medical humidifier industry include:
By Type, 2018 – 2032 (USD Million)
By Channel, 2018 – 2032 (USD Million)
By End-use, 2018 – 2032 (USD Million)
The above information is provided for the following regions and countries:
U.S. medical humidifier industry size reached USD 197 million in 2022 and is expected to register a commendable CAGR from 2023-2032 due to the presence of major business players, increasing patient population base, and substantial healthcare expenditure in the region.
Medtronic plc, Fisher & Paykel Healthcare, ResMed, Vadi Medical Technology, Koninklijke Philips N.V, Acare Technology Co., Ltd., Teleflex Incorporated, and OasisMist are some of the major medical humidifier companies worldwide.
Medical humidifier industry size from the heated humidifier type segment recorded USD 224 million in 2022 and is expected to register an appreciable CAGR from 2023-2032 owing to their frequent usage in respiratory therapy to offer patients with warm and moist air.
Medical humidifier industry size was USD 690 million in 2022 and is expected to reach USD 1.2 billion by 2032 due to increased adoption of home healthcare devices by the geriatric population base worldwide.