Market Size – USD 907.3 Million in 2019, Market Growth – CAGR of 7.3%, Market Trends –Increase in geriatric population
The demand for ventilators is experiencing a high demand from hospital, ambulatory care centers, home care settings, and emergency medical services, attributable to its functionality to support respiration during injury, sickness, or sedation/anesthesia in the course of surgeries/operation The increasing occurrences of respiratory diseases encompassing respiratory syndrome, asthma, and abrupt respiratory disease epidemics like SARS-CoV-2/COVID-19 are among the significant factor driving the demand for the ventilator market.
The market in the Asia-Pacific region is likely to grow at the fastest rate over the forecast period, attributed to high population density and increasing expenditure by governments to improve healthcare infrastructure. Moreover, the growing occurrences of respiratory disorders in the APAC region and a rise in the geriatric population causative of the market growth in the region.
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The evolutions of cost-effective, patient-friendly, and portable ventilators are gathering considerable momentum among end-users, thereby boosting the market demand. However, a cost-prohibitive of maintenance of ventilators, its detrimental effects on infants, and difficulties pertaining to the usage of the equipment may create hindrances in the ventilator market demand in the upcoming years.
A growing population of people smoking tobacco (both active and passive), as well as rapid urbanization and growing level of the population, are causative of accelerating growth of the market. The pollution of air obstructs air passage causing asthma, reduced lung function, and reactive airways dysfunction syndrome, and tobacco smoking lead to hyper-responsiveness of air passage, thereby creating a need for ventilators to give relief to ailing patients.
Regional Scope- North America; Europe; Asia Pacific; Central & South America; MEA
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Key participants include Medtronic, GE Healthcare, ResMed Inc., Allied Healthcare Products, Koninklijke Philips N.V., Hamilton Medical, Zoll Medical, Becton, Dickinson, and Company, Schiller, Fisher & Paykel Healthcare Ltd, and Philips Healthcare, among others.
Interface Outlook (Revenue, USD Billion; 2017-2027)
Invasive Ventilation
Non-Invasive Ventilation
Type Outlook (Revenue, USD Billion; 2017-2027)
Adult/Pediatric Ventilators
Infant/Neonatal Ventilators
Mode Outlook (Revenue, USD Billion; 2017-2027)
Pressure Mode Ventilation
Volume Mode Ventilation
Dual/Combined Mode Ventilation
Others
End Users Outlook (Revenue, USD Billion; 2017-2027)
Hospitals
Homecare Setting
Ambulatory Care Centers
Emergency Medical Services
Helping you establish a strong foothold in the industry
The Ventilator report highlights set of information related to pricing and the category of customers who are more than willing to pay for certain products and services. The information on opportunities as well as product features, determine which offerings or benefits command sale and identify the communications channels used by the market leaders to create premium positioning strategies as well as attract broadest share.
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The research provides answers to the following key questions:
What is the estimated size of the Ventilator market for the forecast period, 2020 – 2027? What will be the growth rate of the industry during the estimated period?
What are the prominent driving forces likely to impact the progress of the industry across different regions?
Who are the major market players occupying a strong foothold in the Ventilator market? What are the winning strategies adopted by them to stay ahead in the competition?
What are the potential opportunities for the Ventilator market for the forecast period, 2020 – 2027?
What are the key trends expected to shape the development of the industry over the coming years?
What are the key restraints and challenges likely to hinder the growth of the Ventilator market worldwide?
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