Inhaled Nitric Oxide Delivery Systems Market Size Worth $434.2 Million By 2028: Grand View Research, Inc. – Yahoo Finance

SAN FRANCISCO, Nov. 8, 2021 /PRNewswire/ — The global inhaled nitric oxide delivery systems market size is estimated to reach USD 434.2 million by 2028 registering a CAGR of 6.9%, according to a new report by Grand View Research, Inc. A rise in the cases of respiratory failure among neonates, increased pollution levels leading to lung diseases in adults, need for quick treatment response, and reduced complications are the factors driving the adoption of inhaled nitric oxide therapy. The presence of several small-scale manufacturers and research initiatives undertaken by major players to prove treatment efficacy against the SARS-CoV-2 virus further enhances market growth.

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Key Insights & Findings:

  • The pediatric type segment accounted for the largest revenue share in 2020 due to the rising usage of INO therapy on account of its efficacy and reduced complications

  • The Hypoxic Respiratory Failure (HRF) application segment held the largest revenue share in 2020

  • Hospitals was the largest revenue-generating segment in 2020 owing to the presence of funds and well-established infrastructure in this end-user setting

  • Asia Pacific was the largest regional market in 2020 due to the growing pediatric population, rise in the cases of respiratory diseases, and presence of local manufacturers of disposables

  • Some of the prominent companies are Mallinckrodt Pharmaceuticals, Getinge, Vero Biotech, LINDE, Beyond Air, SLE, Nu-MED, Bellerophon Therapeutics, Air Liquide Healthcare, and Circassia Pharmaceuticals

Read 139 page market research report, “Inhaled Nitric Oxide Delivery Systems Market Size, Share & Trends Analysis Report By Type (Pediatric, Adult), By Application (HRF, AHRF), By Product (Disposables, Systems), By End User, And Segment Forecasts, 2021 – 2028“, by Grand View Research

Safe and effective treatment regimen, a rapid offset of action, reduced toxicity, high concentration of drug at the target organ, avoidance of systemic adverse reaction, and reduced dose of medication are some of the advantages of INO over other medications. This leads to the improved adoption of INO, potentially driving the market growth. Market leaders like Mallinckrodt Pharmaceuticals are providing fundings to conduct clinical trials of INO therapy to treat complications in COVID-19 patients. Such initiatives are said to boost the market growth during the forecasted period.

Grand View Research has segmented the global inhaled nitric oxide delivery systems market on the basis of type, product, application, end user, and region:

  • INO Delivery Systems Type Outlook (Revenue, USD Million, 2016 – 2028)

  • INO Delivery Systems Application Outlook (Revenue, USD Million, 2016 – 2028)

  • INO Delivery Systems Product Outlook (Revenue, USD Million, 2016 – 2028)

  • INO Delivery Systems End-user Outlook (Revenue, USD Million, 2016 – 2028)

  • INO Delivery Systems Regional Outlook (Revenue, USD Million, 2016 – 2028)

List of Key Players of Inhaled Nitric Oxide Delivery Systems Market

Check out more studies related to respiratory devices, conducted by Grand View Research:

  • Therapeutic Respiratory Devices Market – The global therapeutic respiratory devices market size was valued at USD 8.2 billion in 2016 and is expected to grow at a CAGR of 9.10% during the forecast period. Growing geriatric population base, rising prevalence of respiratory diseases, and rapid technological advancements are the factors driving the market growth.

  • Anesthesia & Respiratory Devices Market – The global anesthesia and respiratory devices market size was valued at USD 29.8 billion in 2018 and is expected to expand at a CAGR of 6.6% over the forecast period. Demand for anesthesia and respiratory devices is increasing due to the increasing incidence of respiratory diseases, such as Chronic Obstructive Pulmonary Disease (COPD) and Obstructive Sleep Apnea (OSA).

  • Airway Management Devices Market – The global airway management devices market size was valued at USD 1.1 billion in 2016 and is expected to grow at a CAGR of 7.6% during the forecast period. The increasing prevalence of respiratory diseases is predicted to be one of the high impact rendering drivers of this market.

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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SOURCE Grand View Research, Inc.

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