Inhaled Nitric Oxide Market Rises With Respiratory Diseases - Report 2023

ResearchAndMarkets.com has added a report called "Inhaled Nitric Oxide Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023-28)."

The market for inhaled nitric oxide will grow by about 4.6% in the foreseeable future.

The market for Inhaled Nitric Oxide is growing. This is due to its use in treating respiratory problems in newborns. There is also an increasing demand for this gas in treating various diseases. The market is expected to continue to grow in the coming years. This growth is due to an increase in the prevalence of respiratory diseases. The Inhaled Nitric Oxide market is dominated by major players in the pharmaceutical industry. There are also many small players entering the market. This competition is driving growth and innovation in the industry. Overall, the Inhaled Nitric Oxide market shows strong potential for growth in the future.

Asthma and COPD market will grow in the future.

People with asthma and COPD face life-threatening challenges due to breathing problems. Asthma narrows air passages, leading to wheezing and difficulty catching a breath. This can happen repeatedly. COPD limits airflow in lungs and makes breathing hard. Both conditions are quite common and require immediate attention.

More people smoking means more asthma and COPD. Factories add to the problem too. So, more inhalers will be needed to treat it in the future.

COPD affects a lot of people around the world. Around 300 to 400 million people have it. It's especially bad in low- and middle-income countries because of things like smoking and bad air quality. There are also a lot of older people in those countries.

More people have COPD and asthma. Many rely on nitric oxide to feel better. This will help this industry grow.

The asthma market is growing because more old people are around. The United Nations said 771 million people will be 65 or older by 2022. That number gets bigger and goes to 994 million by 2030 and 1.6 billion by 2050. Lots of old people have asthma, so the asthma market will keep growing.

A new report says COPD will increase soon. The reasons are continued exposure to the risks of COPD, rising interstitial lung diseases, and an aging population. This means more people will need inhaled nitric oxide.

The North America region is predicted to experience substantial growth in the future.

The forecast period predicts growth for North America. COPD and asthma are a rising concern. The older population also contributes to growth. Market leaders are present in the region. Additionally, research and development activities continue to increase.

More people are getting sick with conditions like neonatal respiratory disorder, tuberculosis, and ARDS. Canada's government says there were 4.7 active TB cases per 100,000 people in March 2022. The rate was higher for men (5.1 cases per 100,000) than for women (4.2 cases per 100,000).

A report from Scientific Reports said that in Canada, 3.8 million people had asthma because of COVID-19 in August 2022. Many people have breathing problems, which is making the need for inhaled nitric oxide grow. This is making the market for it bigger.

Around 20 million US adults have asthma, according to Asthma and Allergy Foundation of America stats from April 2021. This means that there is an ongoing need for inhaled nitric oxide, which contributes to market growth in the US.

New products, mergers, acquisitions, and other developments are helping liquid nitric oxide grow in the region. For example, Mallinckrodt PLC announced in September 2022 that it had submitted an application to the USFDA for an inhaled nitric oxide delivery system for INOmax gas.

INOmax is a gas that can be breathed in. It is approved to help babies who are full-term or almost full-term (34 weeks) with breathing problems. These babies have low oxygen levels and high blood pressure in their lungs. INOmax can help with this, along with other treatments. INOmax can help the babies breathe easier and may avoid the need for a machine to do the breathing for them.

The government and non-government organizations are taking more actions, which is causing the revenue to go up. CDC's NACP funded education for people with asthma. This will create more awareness about asthma and make people more likely to use inhaled nitric oxide to treat it. The market will grow as a result of this.

This section talks about the market dynamics. It provides an overview of the market and its drivers and restraints. The rising prevalence of respiratory and other diseases and ongoing research and development activities are driving the market. However, strict application norms across regions are restraining the market. The Porter's Five Forces analysis includes the threat of new entrants, bargaining power of buyers and suppliers, threat of substitute products, and intensity of competitive rivalry.

This section is about market segmentation. The market size is measured in USD million. There are two ways to segment the market: by product type and by application. Gas and delivery systems are the two product types. The application segment has six parts: neonatal respiratory treatment, asthma and COPD, acute respiratory distress syndrome, malaria treatment, tuberculosis treatment, and other applications. Geography is the third way to segment the market.

There is information about the companies that are competing in the industry. This is called the competitive landscape. It's important because it helps businesses see who they are up against. In the report, there are profiles for each of the companies. These profiles include information like their history, products, and financial performance. This can help businesses make decisions about how to compete with their rivals.

1. Internet of Things (IoT) will revolutionize the market. 2. Blockchain technology can transform many industries. 3. Artificial intelligence (AI) will continue to grow and impact various sectors. 4. Renewable energy solutions will see increased adoption. 5. Augmented reality (AR) and virtual reality (VR) will become more mainstream. 6. E-commerce will continue to see growth and expansion. 7. The use of big data will drive more informed business decisions.

To get additional details about this report, go to https://www.researchandmarkets.com/r/qw8sbn.

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