New York, NY, July 22, 2023 (GLOBE NEWSWIRE) -- Zion Market Research has published a new research report titled “High-Frequency Chest-Wall Oscillation Devices Market By Product (Vest Type, Respirtech, Afflovest, And Smartvest), By Indication (Postoperative Lung Transplant, Pneumonia, Disorders Of Diaphragm, Muscular Dystrophy, Tracheomalacia, Spinal Muscular Atrophy, Spinal Cord Injury, Chronic Bronchitis, Emphysema, Cerebral Palsy, And Bronchiectasis), By Distribution Channel (Clinics, Hospitals, Home Settings, And Others), And By Region: - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts, 2023-2030” in its research database.
“According to the latest research study, the demand of global High-Frequency Chest-Wall Oscillation Devices Market size & share in terms of revenue was valued at USD 2458.74 million in 2022 and it is expected to surpass around USD 4.15 Billion mark by 2030, growing at a compound annual growth rate (CAGR) of approximately 6.80% during the forecast period 2023 to 2030.”
What are High-Frequency Chest-Wall Oscillation Devices? How big is the High-Frequency Chest-Wall Oscillation Devices Industry?
Report Overview:
The global high-frequency chest-wall oscillation devices market size was USD 2458.74 million in 2022 and is expected to surpass USD 4152.36 million by the end of 2030. The market is likely to grow with a CAGR of 6.80% during the predicted period.
Every living thing must have the ability to breathe in order to stay alive. However, an increase in mucus production in the lungs can be attributed to the rising levels of pollution. It is a very serious issue that can result in a variety of different medical conditions, including chronic bronchitis, bronchiectasis, cystic fibrosis, and so on. Lung disorders are difficult to treat, and the symptoms can have a significant impact on patients' daily lives. Device manufacturers in the medical industry have developed a wide variety of treatments for lung illnesses. One of these devices is called the high-frequency chest-wall oscillation device (HFCWO), and it looks very much like a jacket. It is comfortable to wear and provides patients with relief from their symptoms. It can be transported quickly and is designed to sit comfortably on the upper torso. Because they provide the patients with the appropriate support, high-frequency chest-wall oscillation devices are in higher demand on the market despite the fact that there are a number of different devices available in the same category. As a direct consequence of this, it provides patients with a much improved way of life that is conducive to their day-to-day employment.
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Global High-Frequency Chest-Wall Oscillation Devices Market: Growth Factors
It is anticipated that favourable insurance coverage will contribute to the expansion of the global market.
People who suffer from a wide variety of respiratory diseases are able to access more comprehensive treatment thanks to favourable government policies and insurance coverage provided by large enterprises. As a result, a boost is provided to the expansion of the market for high-frequency chest-wall oscillation devices worldwide. Additionally, as the number of people who are affected by chronic obstructive pulmonary disease (COPD) continues to rise at an alarming rate, the market for high-frequency chest-wall oscillation devices (also known as HFCWO) is expanding at a breakneck speed. According to the British Lung Foundation, there are around 1.2 million people living in the UK who are afflicted with COPD. According to the Centres for Disease Control and Prevention in the United States, there are roughly 9.3 million instances of chronic bronchitis that have been registered. The principles of positive and negative pressure are utilised by these devices in order to facilitate the migration of peripheral and tracheal mucus towards the direction of the airway opening.
When necessary, the vest will flatten, generating an expiratory flow, while the oscillatory chest walls of the devices will increase the pressure as a result of the high-frequency surpluses that are transmitted to the vest. In addition, the advancements that have been made in the medical field all over the world, in conjunction with an increase in the average income of the population as a whole, are projected to be the primary driving forces behind the exponential expansion of the market in the years to come. One further important factor contributing to the expansion of the industry is the acceleration of product approval processes.
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Report Scope
| Report Attribute | Details |
| Market Size in 2022 | USD 2458.74 million |
| Projected Market Size in 2030 | USD 4152.36 million |
| CAGR Growth Rate | 6.80% CAGR |
| Base Year | 2022 |
| Forecast Years | 2023-2030 |
| Key Market Players | Aetna Inc, Respiratory Technologies Inc., Hill-Rom, International Biophysics Corporation, and Electromed Inc.. |
| Key Segment | By Product, By Indication, By Distribution Channel, and By Region |
| Major Regions Covered | North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
| Purchase Options | Request customized purchase options to meet your research needs. Explore purchase options |
High-Frequency Chest-Wall Oscillation Devices Market: Segmentation Analysis
It is possible to divide the global market for high-frequency chest-wall oscillation devices into distinct submarkets based on product, indication, distribution channel, and geographical location.
There are several different types of vests that can be used to segment the market, including respirtech vests, afflovest vests, and smartest vests. The greatest share of the global market is held by the category that is comprised of vest-type products. The vibrations that are produced by the vest type are used to dislodge phlegm and mucous from the lungs. Vests can be operated manually or automatically, and there are many different types of vests available. Patients who suffer from chronic obstructive pulmonary disease are the primary target audience for this treatment.
The market is able to be classified into clinics, hospitals, home settings, and other environments based on the distribution channel. Within the high-frequency chest-wall oscillation devices industry as a whole, the residential setting sector accounts for the greatest proportion of revenue. Patients have a faster chance of recovering, and it offers a high level of independence. It provides cost-effective diagnostics, ease of comfort, and rapid treatment, all of which contribute to the segment's growth by driving consumer demand.
Postoperative lung transplant, pneumonia, abnormalities of the diaphragm, muscular dystrophy, tracheomalacia, spinal muscular atrophy, spinal cord injury, chronic bronchitis, emphysema, cerebral palsy, and bronchiectasis are some of the indications that can be used to divide the market into several subcategories. The bronchiectasis market segment holds a commanding lead in the high frequency chest wall oscillation devices business worldwide. Patients with bronchiectasis typically have chronic coughing as well as sputum production. In the past, it was considered an extremely uncommon sickness, but these days, more and more people throughout the world are being diagnosed with the condition.
The global High-Frequency Chest-Wall Oscillation Devices market is segmented as follows:
By Product
- Vest Type
- Respirtech
- Afflovest
- Smartvest
By Indication
- Postoperative Lung Transplant
- Pneumonia
- Disorders Of Diaphragm
- Muscular Dystrophy
- Tracheomalacia
- Spinal Muscular Atrophy
- Spinal Cord Injury
- Chronic Bronchitis
- Emphysema
- Cerebral Palsy
- Bronchiectasis
By Distribution Channel
- Clinics
- Hospitals
- Home settings
- Others
Browse the full “High-Frequency Chest-Wall Oscillation Devices Market By Product (Vest Type, Respirtech, Afflovest, And Smartvest), By Indication (Postoperative Lung Transplant, Pneumonia, Disorders Of Diaphragm, Muscular Dystrophy, Tracheomalacia, Spinal Muscular Atrophy, Spinal Cord Injury, Chronic Bronchitis, Emphysema, Cerebral Palsy, And Bronchiectasis), By Distribution Channel (Clinics, Hospitals, Home Settings, And Others), And By Region: - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts, 2023-2030" Report At https://www.zionmarketresearch.com/report/high-frequency-chest-wall-oscillation-devices-market-size
Competitive Landscape
Some of the main competitors dominating the global High-Frequency Chest-Wall Oscillation Devices market include -
- Aetna Inc
- Respiratory Technologies Inc.
- Hill-Rom
- International Biophysics Corporation
- Electromed Inc.
Key Insights from Primary Research:
- According to the analysis shared by our research forecaster, the High-Frequency Chest-Wall Oscillation Devices market is likely to expand at a CAGR of around 6.80% during the forecast period (2023-2030).
- In terms of revenue, the High-Frequency Chest-Wall Oscillation Devices market size was valued at around US$ 2458.74 million in 2022 and is projected to reach US$ 4152.36 million by 2030.
- The presence of favorable insurance coverage is likely to boost the global high frequency chest wall oscillation devices market growth during the near future.
- Based on the product, the vest type segment holds the largest share of the global market.
- Based on the distribution channel, the home setting segment accounts for the largest share of the global market.
- Based on the indication, the bronchiectasis segment dominates the global market.
- Based on region, North America is expected to dominate the market during the forecast period.
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Key questions answered in this report:
- What is the market size and growth rate forecast for High-Frequency Chest-Wall Oscillation Devices industry?
- What are the main driving factors propelling the High-Frequency Chest-Wall Oscillation Devices Market forward?
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- What segments does the High-Frequency Chest-Wall Oscillation Devices Market cover?
- How can I receive a free copy of the High-Frequency Chest-Wall Oscillation Devices Market sample report and company profiles?
Key Offerings:
- Market Size & Forecast by Revenue | 2023−2030
- Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
- Market Segmentation – A detailed analysis By Product, By Indication, By Distribution Channel, and By Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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Regional Analysis:
North America accounts for the largest share of the global high-frequency chest-wall oscillation devices market. The major reason contributing heavily to the growth of the regional market is the fast-increasing cases of respiratory diseases. Also, the growing technological developments in the region are further anticipated to encourage the growth of the regional market. The government is making initiatives to increase awareness among people regarding early diagnosis, and complete treatment is also likely to positively impact the growth trajectory of the regional market.
Asia Pacific is also anticipated to experience significant growth in forthcoming years due to the presence of leading market players in the region. The leading market players are adopting several strategic steps to expand their distribution networks worldwide. The continuous technological developments and increasing research activities are further expected to encourage growth opportunities in the market.
By Region
- North America
- U.S.
- Canada
- Rest of North America
- Europe
- France
- UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
Recent Developments
- Electromed in December 2022 revealed the clearance of Smartvest Clearway by the US FDA. This airway clearance device was made for high-frequency chest wall oscillation (''HFCWO'') therapy. It assisted the company to come up with innovative products and further offer a competitive edge over its competitors.
- Movair, in October 2022, revealed the launch of Luisa, an advanced machine suitable for use in hospitals, institutions, homes, and other portable applications for both non-invasive and invasive purposes. The launch of the product is expected to strengthen the product portfolio of the company.
To know an additional revised 2023 list of market players, request a brochure of the report: https://www.zionmarketresearch.com/requestbrochure/high-frequency-chest-wall-oscillation-devices-market-size
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