Ventilators market research report acts as a valued source of information with which businesses can achieve a telescopic view of the current market trends, consumer’s demands and preferences, market situations, opportunities and market status.
Ventilators market research report acts as a valued source of information with which businesses can achieve a telescopic view of the current market trends, consumer’s demands and preferences, market situations, opportunities and market status. The report encompasses a thorough study of current situation of the regional market along with several market dynamics. Moreover, it also displays all the information including market definition, classifications, key developments, applications, and engagements along with the detailed actions of key players with respect to product launches, joint ventures, developments, mergers and acquisitions and effects of the same in terms of sales, import, export, revenue and CAGR values.
Global Ventilators Market was valued at USD 1.4 billion in 2021 and is expected to reach USD 2.61 billion by 2029, registering a CAGR of 8.1% during the forecast period of 2022-2029. The “intensive care ventilators” accounts for the largest product type segment in the ventilators market within the forecasted period owing to the high adoption and hospitalization rates. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Key Market Players mentioned in this report:
- Koninklijke Philips N.V. (Netherlands)
- Getinge AB (Sweden)
- ResMed (U.S.)
- Medtronic (Ireland)
- Fisher & Paykel Healthcare Limited (New Zealand)
- Avasarala Technologies Limited (India)
- Allied Healthcare Products, Inc. (U.S.)
- Shenzhen Mindray Bio-Medical Electronics Co., Ltd, (China)
- Drägerwerk AG & CO. KGAA (Germany)
- Nihon Kohden Corporation (Japan)
Recent Developments
In April 2020, Medtronic received approval for the use of PB560 in the US through the FDA’s EUA authority. Previously, the company shipped around 300 ventilators per week. It was intended to raise production from 300 to 700 ventilators each week to battle the epidemic (this figure was expected to increase to 1,000 ventilators per week by the end of June 2020).
Drivers
- Surging Prevalence of Respiratory Disorders
The increasing prevalence of chronic obstructive pulmonary disease (COPD) and other respiratory disorders such as sleep apnea, acute lung injury, and hypoxemia are the most significant factors driving this market’s growth. The increasing number of preterm births and rapid growth in the geriatric population are also expected to accelerate the market’s overall growth. Moreover, the high prevalence of tobacco smoking which leads to respiratory disease will bolster the growth of the market.
- Increased Demand For Home Healthcare
Furthermore, the advantages of home healthcare such as convenience and comfort coupled with the cost advantages are also expected to fuel market growth. Additionally, increasing healthcare infrastructure and rising disposable income will lead to high demand for home healthcare, thus acting as a significant driver for the market.
Moreover, the rising awareness among the patients regarding the respiratory diseases also cushions the market’s growth within the forecasted period.
Opportunities
- Various Advancements in Ventilators
Moreover, various technological advancements such as developing advanced portable ventilators and improvements in the sensor technologies used in ventilators are estimated to generate lucrative opportunities for the market. Additionally, the developments in non-invasive and microprocessor-controlled portable ventilators will further offer numerous growth opportunities for the market.
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Ventilators Market Segmentation:-
- By Types:
Intensive Care Ventilators, Portable Ventilators and Neonatal Ventilators - By Application:
Hospitals, Ambulatory Surgery Centres, Specialty Clinics, Long Term Care Centres, Rehabilitation Centres and Homecare Settings - By Modality:
Non-Invasive Ventilation, Invasive Ventilation
Ventilators Market, By Region:
Global Ventilators market is analyzed and market size insights and trends are provided by country, product as referenced above.
The countries covered in the Ventilators market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the Ventilators market because of the rise in the cases of arrhythmic diseases, favorable reimbursement policies for patients, high demand for advanced treatment methods and developed healthcare infrastructure in the region. Asia-Pacific is estimated to grow in the forecast period due to the high prevalence of cardiovascular diseases, increase in adoption of advanced digital devices, large population and launch of new innovative products.
Check Complete Table of Contents @ https://www.databridgemarketresearch.com/toc/?dbmr=global-ventilators-market
Regional Reports of Ventilators Market:-
Asia-Pacific Ventilators Market– Industry Trends and Quantitative Analysis - https://www.databridgemarketresearch.com/reports/asia-pacific-ventilators-market
Europe Ventilators Market– Industry Trends and Future Growth https://www.databridgemarketresearch.com/reports/europe-ventilators-market
North America Ventilators Market – Industry Trends and Future Analysis https://www.databridgemarketresearch.com/reports/north-america-ventilators-market
Middle East and Africa Ventilators Market – Industry Trends and Segmentation https://www.databridgemarketresearch.com/reports/middle-east-and-africa-ventilators-market
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