Global Ventilator market projected to grow with a noteworthy rate during the forecast period, 2020-2027. It is due to the improving healthcare infrastructure in developing economies coupled with the increasing awareness for treatments available for chronic respiratory diseases.
Additionally, the rapid pace of urbanization, increasing pollution levels, and unhealthy lifestyle habits are contributing to the rising number of cases of respiratory diseases, therefore booming the global ventilator market in the estimated periods.
Numerous versions of the new coronavirus pneumonia diagnosis and treatment plan (trial) have stated that high-flow nasal catheter oxygen therapy or non-invasive mechanical ventilation is the preferred treatment for severe cases. With the increase of people’s income, growing health awareness, and at the same time, the supply of medical services has gradually become sufficient, which has largely stimulated the growth in demand for medical ventilators worldwide. The ventilator can control and change a person’s physiological respiration, increase lung ventilation, and effectively improve the patient’s breathing function. At present, ventilator products are widely used in scenarios such as respiratory failure caused by various reasons, aesthesia, and respiratory management during major surgery, respiratory support treatment, and emergency resuscitation.
The surge in demand for Ventilators for Covid-19 affected patients would trigger the global ventilator market in the future time. The growing number of COVID-19 affected patients across the world led to a huge deficiency of ventilators to cure affected patients.
Mobility Overview in the Global Ventilator Market
Based on mobility, the global Ventilators market bifurcated into Intensive Care Ventilators and Portable/Transportable Ventilators. The Portable/Transportable Ventilators segment likely to lead the market by 2027, as it is highly compact and used with patients who require long-term breathing support. These portable ventilators are technological advances that continue to prolong life for critically ill patients and make life possible for both children and adults with otherwise fatal conditions.
Interface Overview in the Global Ventilator market
Based on the interface, the global Ventilator market bifurcated into Invasive Ventilation and Non-Invasive Ventilation. The Invasive Ventilation segment accounted for a larger market share in 2019 due to growing its demand for acute respiratory failure, weaning, and chronic respiratory failure.
Type Overview in the Global Ventilator Market
Based on type, the global Ventilator market classified into Adult/Paediatric Ventilators and Infant/Neonatal Ventilators. The Infant/Neonatal Ventilators segment projected to lead the market due to the growing demand for a ventilator to provide respiratory support to newly born children.
End-User Overview in the Global Ventilator Market
Based on End-User, the global Ventilator market categorized into Hospitals & Clinics, Home Care, Ambulatory Care Centers, and Emergency Medical Services. Home Care segments estimated to dominate the market by 2027 due to the rapid pace of urbanization, the surge in income level coupled with rising acceptance of home healthcare products.
Regional Overview in the Global Ventilator Market
By geography, the Global Ventilator Market segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. The Asia Pacific anticipated dominating the market owing to the rising healthcare expenditure, a significant rise in the cases of COPD, and increasing cases of chronic respiratory diseases.
Global Ventilator Market: Competitive Landscape
Companies such as Philips Healthcare, ResMed, Medtronic, Becton, Dickinson and Company, Getinge, Dräger, Smiths Group, Hamilton Medical, G.E. Healthcare, Fisher & Paykel, Air Liquide, Zoll Medical Allied Healthcare Products, Maquet Holding B.V. and Co. and Teleflex Incorporated are the key players in the Global Ventilator Market.
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