The global heat and moisture exchanger market size was significantly robust in 2022 and is expected to register a steady revenue CAGR over the forecast period. Key factors providing impetus to market revenue growth are rapidly growing geriatric population worldwide, rising prevalence of respiratory diseases, increasing incidences of fatal accidents and traumatic injuries, and growing rate of hospital admissions.
A heat and moisture exchanger (HME) is a device used mechanically ventilated patients to prevent several complications caused by endotracheal tube (ETT) occlusion, mucus plugging, and other complications. HME cassettes are widely used in lung rehabilitation following a total laryngectomy. Heat and moisture exchangers basically comprise materials such a foam, paper, and substances acting as absorption and condensation surfaces. These materials are combined with hygroscopic salts such as calcium chloride to enhance the water retention capacity of the devices. HME cassettes used for laryngectomy patients are generally larger in size as compared to those used for tracheotomy patients. These devices have air openings, crossbars to prevent the clothing from blocking, and a rim on the lid to help position the finger during occlusion.
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Major Factors Driving Growth of the Global Heat and Moisture Exchanger Market:
Growth of the global heat and moisture exchanger market is majorly attributed to factors such as increasing respiratory, neonatal, and pediatric applications of heat and moisture exchanger (HME) filters, growing number of surgical procedures including laryngectomy and tracheostomy procedures, and surging demand for technologically advanced anesthesia devices. Heat and moisture exchangers find predominant applications in humidification, microbiological filtration, and warming of inspired gases. Increasing research & development activities in the medical industry for advanced and cost-effective respiratory and tracheal devices are further expected to bolster revenue growth of the global heat and moisture exchanger market during the forecast period.
Factors Restraining Growth of the Global Heat and Moisture Exchanger Market:
Several factors are expected to act as significant barriers to growth of the global heat and moisture exchanger market over the forecast period. Such factors include major disadvantages associated with HMEs such as high airways resistance, increased dead space, drying of secretions, and possibility of unrecognized airway obstruction in case of blockage of the filter. These devices are generally contraindicated for patients with hemoptysis or tenacious secretions. Moreover, HMEs should not be used in patients with large air leaks such as bronchopleural fistulae – a condition caused by lack of heat and humidity conservation and excessive loss of inspired gas.
Opportunities for Players Operating in the Global Heat and Moisture Exchanger Market:
Increasing focus of medical device manufacturers on providing more advanced and efficient heat and moisture exchange devices is among the major factors expected to open up lucrative growth opportunities for the major players, as well as new entrants in the global heat and moisture exchanger market over the forecast period. New products arriving in the industry are equipped with enhanced designs and features, with improved ability to humidify inspired gases. Besides their applications in anesthesia, these devices are ideal for use in intensive care and home care environments and provide robust protection against bacterial or viral infections.
Global Heat and Moisture Exchanger Market Leading Product Segment:
Based on product, the global heat and moisture exchanger market is segmented into heated wire humidifiers, non-heated wire humidifiers, high-efficiency particulate absorbing (HEPA) filters, straight HMEs, and others. The high-efficiency particulate absorbing (HEPA) filters segment accounted for the largest revenue share in the market in 2020 due to favorable factors. HEPA filters are mechanical filters made of hydrophobic paper filter media that provides superior filtration and protection against transmission of bacteria and viruses during anesthesia and other surgical procedures. Growing prevalence of respiratory disorders, increasing volumes of surgical procedures, and rising demand for advanced HEPA filters are key factors driving this segment’s growth.
Global Heat and Moisture Exchanger Market Leading End-use Segment:
Based on end-use, the global heat and moisture exchanger market is segmented into hospitals & clinics, ambulatory surgical centers, home care settings, and others. The hospitals & clinics
segment is expected to dominate other segments in terms of largest revenue share over the forecast period. Rising number of accidents and severe injuries, increasing surgical procedures for respiratory conditions including tracheostomy and laryngectomy, and growing patient pool worldwide are among the major factors accounting for growth of this segment.
Europe Accounts for Largest Revenue Share in the Global Heat and Moisture Exchanger Market:
Among regional markets, Europe was the most dominant in the global heat and moisture exchanger market in 2020, accounting for the largest revenue share contribution. Rise in geriatric population in the region, growing prevalence of chronic and acute diseases, increasing cases of respiratory disorders, and increasing rate of hospital admissions are among the key factors driving revenue growth of the Europe market. Growing demand for advanced HME filters for use in anesthesia and other surgical procedures, increasing volumes of tracheostomy and laryngectomy procedures, and presence of leading industry players including Biopsybell, Draegerwerk, Intersurgical, and Medtronic Plc in the region further boost the regional market revenue growth.
Asia Pacific Continues to Lead in Terms of Revenue CAGR in the Global Heat and Moisture Exchanger Market:
The heat and moisture exchanger market in Asia Pacific is projected to register the fastest growth in revenue over the forecast period due to many favorable factors. Increasing prevalence of respiratory disorders, growing need for surgical procedures, increasing applications of heat and moisture exchangers in hospital and homecare settings, and increasing R&D activities to develop more advanced HME filters are key factors driving revenue CAGR of the Asia Pacific market.
Major Companies Profiled in the Report:
- Biopsybell SRL
- King Systems Inc.
- Medovate Ltd.
- Vadi Medical Technology Co., Ltd.
- Toshiba Air Conditioning
- GaleMed Corporation
- Draegerwerk AG
- Pharma Systems AB
- Smiths Medical Inc.
- Sarnova Inc.
- Intersurgical
- Medtronic Plc
- Teleflex Incorporated
Strategies and Objectives of the Major Companies:
- In November 2019, leading U.K.-based medical technology company Medovate Ltd. launched its all-new Humidicare heat and moisture exchanger in Amsterdam. The new device is an airway filter that can detect certain critical situations and alert healthcare professionals.
What Our Report Provides and Why Our Offering Is Better:
This report offers historical data points and forecasts and revenue growth at a global, regional, and country level, and provides analysis, industry trends, and consumption pattern details for each region, major country, and segment from 2023 to 2032. The global heat and moisture exchanger market report includes industry trends, drivers, restraints, opportunities, threats, market strategies, segment revenue, and market share contribution by each regional and country market. In addition, the report offers industry analysis and competitive landscape, company financials, and impact analysis. The report includes a detailed view of the global heat and moisture exchanger market, along with changing dynamics and trends, scenarios, detailed market and regional segmentation, regional landscape, analysis and evaluation, major investments, product offerings, product launches, and details of historical, current, and projected revenues.
Detailed Segmentation In Our Report:
For the purpose of this report, the global heat and moisture exchanger market is segmented on the basis of product, device type, application, end-use, and region:
Product Outlook (Revenue, USD Billion; 2023-2032)
- Heated Wire Humidifiers
- Non-heated Wire Humidifiers
- High-efficiency Particulate Absorbing (HEPA) Filters
- Straight HMEs
- Others
Device Type Outlook (Revenue, USD Billion; 2023-2032)
- Disposable Heat and Moisture Exchangers
- Reusable Heat and Moisture Exchangers
Application Outlook (Revenue, USD Billion; 2023-2032)
- Respiratory Care
- Pediatric Care
- Neonatal Care
- Others
End-use Outlook (Revenue, USD Billion; 2023-2032)
- Hospitals & Clinics
- Ambulatory Surgical Centers
- Home Care Settings
- Others
Region Outlook (Revenue, USD Billion; 2023-2032)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East & Africa
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