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INHALED NITRIC OXIDE MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Inhaled Nitric Oxide Market, By Product Type (Inhaled Nitric Oxide Delivery Systems, Consumables, (Nitric Oxide Cylinders and Delivery Accessories), and Others), By Application (Neonatal Respiratory Treatment, Chronic Obstructive Pulmonary Disease (COPD), acute respiratory distress syndrome (ARDS), Tuberculosis Treatment, Malaria Treatment, and Others), By Strength (100 ppm, 800 ppm, and Others), By End User (Hospitals, Ambulatory Surgical Centers, and Home Care Settings), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

  • Published In : Nov 2024
  • Code : CMI7478
  • Pages :140
  • Formats :
      Excel and PDF
  • Industry : Pharmaceutical

Regional Analysis

Inhaled Nitric Oxide Market Regional Insights

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Regional Analysis:

Dominating Region: North America

North America dominates the inhaled nitric oxide market with a 39.2% market share in 2024 due to its advanced healthcare infrastructure, extensive research and development, and the presence of key industry players. Supportive government policies, such as funding for innovation and regulatory frameworks, further enhance market growth, driving technological advancements and broad adoption of new treatment options in the region.

Fastest-Growing Region: Asia Pacific

The Asia Pacific region is the fastest-growing market for inhaled nitric oxide due to rising healthcare investments, increasing respiratory disease prevalence, expanding healthcare access, and growing awareness of inhaled Nitric Oxide benefits. These factors are driving the adoption of advanced medical therapies like inhaled nitric oxide, fueling the market growth in the region.

Inhaled Nitric Oxide Market Outlook for Key Countries

U.S.: Growth Driven by Robust Healthcare Infrastructure and Regulatory Support

The U.S. inhaled nitric oxide industry growth is fueled by advanced healthcare infrastructure and a high prevalence of respiratory disorders. Increased government initiatives supporting respiratory health further enhance the market growth, making the U.S. a key player in the global inhaled nitric oxide landscape. For instance, on February 9, 2024, a study by the University of Alabama found that high-dose inhaled nitric oxide therapy improved oxygenation and reduced mortality risk in critically ill Black COVID-19 patients with acute respiratory distress syndrome (ARDS) offering significant benefits over standard treatments for respiratory distress.

Canada: Boosted by Clinical Trials and Government Backing for Innovative Therapies

A rise in clinical trials and research activities drive the inhaled nitric oxide industry in Canada. Key drivers include robust healthcare infrastructure, government support for innovative therapies, and increasing demand for new respiratory treatments. For instance, in April 2020, Mallinckrodt and Novoteris received Health Canada's approval for a clinical trial using high-dose inhaled nitric oxide (iNO) therapy to treat COVID-19-related lung infections.

China: Expanding Healthcare Sector and Government Investment Propel Market Growth

China’s inhaled nitric oxide market is growing on the account of its expanding healthcare sector, increasing incidence of respiratory diseases, and rising government investment in advanced medical technologies. With a growing emphasis on enhancing healthcare infrastructure and regulatory support for innovative treatments, China is becoming a key player in the inhaled nitric oxide market.

Japan: Increased Use of iNO in Extremely Premature Infants Drives the Market Expansion

In Japan, the growth of the inhaled nitric oxide market is driven by its increased use in the treatment of extremely premature infants. For instance, in September 2022, according to Minute Medicine, Inc., a publishing organization, a study in Japan (2003-2016) showed an increase in the use of inhaled nitric oxide and survival rates in extremely premature infants. However, there were no differences in long-term neurological outcomes at age 3 between those treated with iNO and those who were not.

India: Proven Efficacy in COVID-19 Treatment Enhances iNO Market Position

 In India, the inhaled nitric oxide market is expanding due to its proven efficacy in treating critical COVID-19 patients. A study conducted by Amrita Institute of Medical Sciences and Amrita Vishwa Vidyapeetham in February 2022 demonstrated that iNO reduced complications and resulted in zero mortality, outperforming standard treatments. This success, along with iNO’s established role in treating respiratory conditions, enhances its position as a vital therapy in India’s healthcare system, driving the market growth.

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