Acute Respiratory Distress Syndrome Market will grow at a CAGR of 10.53%, fuelled by increasing prevalence, diagnostic tech advancements, and rising healthcare professional awareness

Renub Research has recently released a report named "Acute Respiratory Distress Syndrome Market, Global Forecast 2023-2028, Industry Trends, Growth, Impact of Inflation, Opportunity Company Analysis" providing a detailed industry analysis that consists of market share insights. In addition, the report covers research on competitors and regions and current advancements in the Acute Respiratory Distress Syndrome Market. The Acute Respiratory Distress Syndrome Market shall reach US$ 1.83 Billion by 2028. Acute Respiratory Distress Syndrome is a severe medical condition affecting the lungs, where fluid buildup in the air sacs (alveoli) makes it difficult for oxygen to reach the bloodstream, leading to low oxygen levels in the body and other organs. It can be caused by trauma, sepsis, pneumonia, inhaling harmful substances, or underlying medical conditions. Treatment typically includes oxygen therapy, mechanical ventilation, and supportive measures. The prognosis depends on the seriousness and underlying cause of the situation.

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World Health Organization (WHO) states that acute respiratory distress syndrome affects over three million people

The Acute Respiratory Distress Syndrome market is poised for growth due to several factors, including the rising prevalence of ARDS driven by risk factors like COVID-19, sepsis, pneumonia, and trauma. In addition, advancements in diagnostic technologies, such as non-invasive tools and biomarker identification, fuel market growth by enabling accurate and early detection of ARDS. The growing awareness among healthcare professionals about the significance of timely diagnosis and treatment of ARDS is another factor driving market growth. Furthermore, developing new treatments and therapies for ARDS is expected to expand the acute respiratory distress syndrome market.

Diagnosis segment shall exhibit substantial growth in the acute respiratory syndrome market during the projected timeframe

The diagnosis segment shall dominate the acute respiratory distress syndrome market due to the increasing adoption of diagnostic technologies, such as imaging tests, biomarker identification, and non-invasive diagnostic tools that enable accurate and early detection of ARDS. Early diagnosis is critical for the timely and effective treatment of ARDS, improving patient outcomes and reducing the burden on healthcare systems. Additionally, the rising awareness among healthcare professionals about the significance of early diagnosis and therapy of ARDS drives the demand for diagnostic technologies in the acute respiratory distress syndrome market.

Type: Acute Respiratory Distress Syndrome Market breakup from two viewpoints

Diagnosis
Treatment

Hospital segment dominates the acute respiratory distress syndrome market due to the severe nature of the condition, which requires hospitalization and specialized medical care

The hospital segment dominates the acute respiratory distress syndrome market due to the severe condition requiring specialized medical care and hospitalization. Hospitals have the infrastructure, equipment, and trained healthcare professionals to manage and treat ARDS effectively. In addition, ARDS patients require continuous monitoring and supportive care, which is better provided in a hospital setting. Hospitals also have advanced diagnostic technologies and treatment options, making them the primary choice for ARDS patients.

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End User: Acute Respiratory Syndrome Market breakup from four viewpoints

Hospital
Specialty Clinic
Home Health Care
Others

Due to the increasing government support for research and development (RD), North America has hegemony in the acute respiratory syndrome market

North America has supremacy in the acute respiratory distress syndrome market due to several factors, including the increasing prevalence of ARDS, high healthcare expenditure, advanced healthcare infrastructure, and increasing government support for research and development (RD) pursuits. Additionally, North America has many key players operating in the acute respiratory distress syndrome market, contributing to the region's dominance. The area also has a highly skilled workforce and a strong focus on technological advancements, driving the growth of the ARDS market in North America.

Region: Acute Respiratory Syndrome Market breakup from five viewpoints

North America
Europe
Asia -Pacific
South America
Middle East Africa

Competitive Landscape

Increased competition among key players in the acute respiratory syndrome market is fuelled by several factors, including the high mortality rate associated with the condition, the growing demand for effective treatments and diagnostics tools due to the increasing prevalence of ARDS, the emergence of new therapies and players in the market, and advancements in diagnostics technologies enabling more accurate and early detection.

The key players in the acute respiratory distress syndrome market are

Silence Therapeutics plc
Gilead Sciences Inc.
Terumo Corporation
Getinge AB, Medtronic Inc.
Fresenius SE Co. KGaA
Nipro Pfizer Inc.

Key Players: All key players have been covered from 3 points

Overview
Recent Developments
Financial Insights

About the Company:

Renub Research is a Market Research and Information Analysis company with more than 14 years of experience in Research, Survey, and Consulting. Our research helps companies to take business decisions: on strategy, organization, operations, technology, mergers acquisitions, etc. Till now we have published more than 7000 syndicated reports and worked on more than 500 custom research projects. Currently, we are supplying data to EMIS, Bloomberg, Thomson Reuters, etc. We support many blue-chip companies by providing them with findings and perspectives across a wide range of markets.