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Medical Humidifier Market Size
- Report ID: GMI7584
- Published Date: Dec 2023
- Report Format: PDF
Medical Humidifier Market Size
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 |
|---|---|
| Base Year: | 2022 |
| Medical Humidifier Market Size in 2022: | USD 690 Million |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 5.4% |
| 2032 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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Medical Humidifier Market Scope
