Market Research Report
Global Inhaled Nitric Oxide Market (by Product Type, Application, End-User & Region): Insights & Forecast with Potential Impact of COVID-19 (2020-2024)
|Published by||Koncept Analytics||Product code||960379|
|Published||Content info||108 Pages
Delivery time: 1-2 business days
|Global Inhaled Nitric Oxide Market (by Product Type, Application, End-User & Region): Insights & Forecast with Potential Impact of COVID-19 (2020-2024)|
|Published: September 14, 2020||Content info: 108 Pages||
The global inhaled nitric oxide market is predicted to reach US$1.22 billion in 2024, witnessing growth at a CAGR of 5.90%, over the period 2020-2024. The factors such as rising healthcare expenditure, increasing geriatric population, surging prevalence of asthma, expanding urbanization, growing obese population and emerging economic growth would drive the growth of the market. However, the market growth would be challenged by associated patient risk and high cost of treatment. A few notable trends include the growing prevalence of chronic diseases, upsurge in cigarette consumption and ongoing research and development activities.
The global inhaled nitric oxide market has been segmented on the basis of product type, application and end-user. In terms of product type, the global inhaled nitric oxide market can be bifurcated into 99.92% purity, 99.995 purity and other purity product. According to application, the inhaled nitric oxide market can be segmented into ARDS (Acute Respiratory Distress Syndrome), PPHN (Persistent Pulmonary Hypertension in the Newborn) and others diseases. Whereas, the inhaled nitric oxide market can be split into hospitals, specialty clinics & healthcare centers and other end-users, on the basis of end-user.
The fastest growing regional market is North America due to rising prevalence of chronic diseases such as respiratory disorders, heart disease, obesity, and asthma, improvements in healthcare infrastructure coupled with growing number of production facilities in the region and increasing research and development activities to improve inhaled nitric oxide applications. Further, the sudden outbreak of COVID-19 would elevate the risk of respiratory distress conditions among the individuals and thereby is expected to accelerate the growth of the global inhaled nitric oxide market in the coming years.