February 15, 2022
The market assessment report titled ‘Global Inhaled Nitric Oxide Delivery Systems Market Size study, by Type (General Type, Intelligent Type), Application (Neonatal Respiratory Treatment, COPD, Malaria Treatment, Tuberculosis Treatment, ARDS, Chronic Wound Healing), by End-User (Hospitals, Specialty Clinics, Healthcare Centers) and Regional Forecasts 2021-2027’, available with MarketStudyReport, states that global inhaled nitric oxide delivery systems market is expected to record a healthy growth rate through 2027.
Rising prevalence of lung diseases and burgeoning R&D activities to widen the usage of nitic oxide in the healthcare industry has augmented the global inhaled nitric oxide delivery systems growth. Moreover, WHO states that about 65 Mn people suffer from chronic obstructive pulmonary disease (COPD) and nearly 3 Mn people die from the disease annually, making it the third most fatal disease globally.
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For the uninitiated, inhaled nitric oxide delivery systems aid in comforting a patient with respiratory issues by relaxing the muscles and widening blood vessels.
Breathing issues due to sleep disorders, asthma,a and occupational lung diseases have also improved the preference towards inhaled nitric oxide delivery systems. Favorable government initiatives and rising health concerns in developed economies will further expand the industry size and scope. However, high costs pertaining to treatment may hinder industry growth over the forecast period.
Moving on to the regional landscape, the major geographies highlighted in global inhaled nitric oxide delivery systems market report are North America (U.S., Canada), Europe (U.K., France, Germany, Spain, Italy), Asia Pacific (India, China, Australia, Japan, South Korea), and Latin America (Mexico, Brazil).
North America market is anticipated to grow at a robust rate throughout the forecast period owing to a surge in chronic diseases and advancements in technology in the area. Meanwhile, the market in Europe is expected to garner strong returns in the coming years owing to a rapid growth in population.
The competitive landscape of the marketplace is defined by key players such as Mallinckrodt Pharmaceuticals, Vero Biotech, Bellorophon Therapeutics, Eku Electronik GmBH, Getinge Group, Praxair Inc., International Biomedical, and SLE Ltd.