A major challenge in the inhaled nitric oxide market is the high cost of therapy, which includes complex delivery systems, gas handling equipment, and expensive gas itself. Annual costs per patient range from US$ 30,000 to US$ 50,000, with one treatment averaging over US$ 1,000. This financial burden limits adoption, especially in price-sensitive markets. Reducing equipment and operational costs through innovation is crucial to making INO therapy more accessible and driving long-term market growth.
Market Opportunity- Strategic partnerships drive inhaled nitric oxide market growth
Strategic partnerships in the inhaled nitric oxide market offer substantial growth opportunities by integrating expertise, resources, and technologies to enhance product portfolios. For instance, October 2, 2024, Beyond Air, a medical device and biopharmaceutical company, partnered with Healthcare Links, a healthcare advisory and contracting firm, to expand the availability of its LungFit PH system, a groundbreaking inhaled nitric oxide (NO) generator and delivery system.
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