Univdatos Whatsapp
Ventilator Market

Rising Healthcare Expenditure Coupled with Emergence of Home Healthcare to Drive Ventilator Market. APAC to Witness the Highest Growth.

A ventilator, breathing machine, or respirator is a machine that assists with breathing. It is mainly used in hospitals to treat chronic obstructive pulmonary disease (COPD), sleep apnea, acute lung injury, and hypoxemia. The market is experiencing significant growth on account of the rising incidence of Asthma and COPD cases, rise in the aging population, increasing prevalence of tobacco smoking, growing urbanization and pollution, increase in the preterm birth cases, and lifestyle changes.

Furthermore, the increase in government initiatives and the increase in focus of pharmaceutical companies to manufacture an advanced and portable devices. The rising prevalence of respiratory diseases and rising number of ICU beds is expected to drive growth in the ventilators market during the forecast period. In addition, ventilators penetration for home healthcare is expected to rise significantly owing to convenience and comfort provided by technologically advance and portable ventilators.

For a detailed analysis of the Ventilator Market browse throughhttps://univdatos.com/report/ventilator-market/

With the increase in population and urbanization, air pollution is becoming the major public health concern all over the world. Exposure to the harmful chemicals present in the air leads to significant adverse effects on health. Air pollutants are the major cause of asthma and chronic obstructive pulmonary disease (COPD) like chronic diseases. These pollutants not only lead to the acute aggravation of Asthma and COPD attacks but also increases the rate of respiratory morbidity and mortality. South Asia, East Asia, and the Pacific are the major reasons that experience high mortality rates due to air pollution. In 2019, the exposure to air pollutants resulted in more than two million deaths in these regions, with high death rates in China and India.

One of the major equipment used to treat COVID-19 is a medical ventilator. The demand for medical ventilators has risen dramatically, pushing manufacturers to increase output by 30–50%. Various large firms were competing to manufacture and deliver as many ventilators as possible around the world. Prior to the coronavirus outbreak, the rising prevalence of respiratory diseases and the increasing number of ICU beds were among the major factors offering growth to the global ventilators industry. However, there is an enormous demand for ventilators is being stated by every COVID-19 affected country. As, COVID-19 caused various lung complications such as pneumonia and, in the most severe cases, acute respiratory distress syndrome, or ARDS. Thus, ventilators are most significantly required while dealing with the population suffering from COVID-19.

For a detailed analysis of the Mobility in the Ventilator Market browse through – https://univdatos.com/report/ventilator-market/

Based on mobility, the ventilator market is categorized into Intensive care ventilators and Portable/ transportable ventilators. In 2020, Intensive care ventilators category accounted for the majority share in the market. This is mainly attributed to the presence of various manufacturers and initiatives taken by government to increase the production of ventilators to provide care for patients with serious respiratory diseases and increasing number of ICU beds, have propelled the growth of the market.

Based on type, the market has been bifurcated into Adult/pediatric ventilators and Neonatal/infant ventilators. In 2020, Adult/pediatric ventilators accounted for a higher market valuation of US$ XX billion in 2020. This is mainly due to the growing incidence of chronic diseases such as COPD & asthma in adult population coupled with the growing number of smoker and the rising number of lung cancer cases in geriatric population. According to the WHO, in 2020, lung cancer is the leading cause of cancer death (18.0%) of the total cancer deaths worldwide. The estimated new cases and deaths caused by lung cancer include 2,206,771 cases and 1,796,144, respectively.

Based on Interface, the market has been divided into Invasive ventilation and Non-invasive ventilation. Non-invasive category to witness higher growth during the forecast period owing to increasing intensive care admissions and the adoption of Non-Invasive Ventilation to avoid lung injury are likely to drive the growth of the global non-invasive ventilator market.

Request for Sample of the report browse throughhttps://univdatos.com/get-a-free-sample-form-php/?product_id=18837

For a better understanding of the market adoption of Ventilator Industry, the market is analyzed based on its presence in the regions such as North America (US, Canada, Rest of North America), Europe (Germany, UK, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of Asia-Pacific), Rest of World. North America will dominate the Ventilator market on account of increasing popularity of chronic diseases. Moreover, North American market is expected to witness substantial growth on account of the highly developed healthcare infrastructure, healthcare spending, and presence of a large number of market players in the region. In addition, the legislative policies by the government coupled with the surging prevalence of sudden cardiac arrest in the countries such as the U.S and Canada owing to the changing lifestyle are leading to the growing demand for defibrillators. As per the Sudden Cardiac Arrest Foundation, each year in the U.S., more than 350,000 cardiac arrests occur outside of a hospital setting. Furthermore, promulgating demand for automated external defibrillators (AEDs) is acting as a growth catalyst to the market.

Some of the major players operating in the market include Koninklijke Philips N.V., Medtronic, Vyaire Medical Inc., GE Healthcare, Fisher & Paykel Healthcare Limited, Smiths Group plc, Drägerwerk AG & CO. KGAA, Getinge AB, Resmed, and Hamilton Medical. Several M&As along with partnerships have been undertaken by these players to boost their presence in different regions.

Ventilator Market Segmentation

Market Insight, by Mobility

  • Intensive care ventilators
  • Portable/ transportable ventilators

Market Insight, by Type

  • Adult/pediatric ventilators
  • Neonatal/infant ventilators

Market Insight, by Interface

  • Invasive ventilation segment
  • Non-invasive ventilation

Market Insight, by End-User

  • Hospitals & clinics
  • Ambulatory care centers
  • Home Care
  • Others

Market Insight, by Region

  • NORTH AMERICA VENTILATOR
    • United States
    • Canada
  • EUROPE VENTILATOR
    • Germany
    • United Kingdom
    • France
    • Spain
    • Italy
    • Rest of Europe
  • ASIA-PACIFIC VENTILATOR
    • China
    • Japan
    • India
    • Australia
    • New Zealand
    • Rest of Asia-Pacific
  • REST OF THE WORLD VENTILATOR

Top Company Profiles

  • Koninklijke Philips N.V.
  • Medtronic plc
  • Vyaire Medical Inc.
  • GE Healthcare
  • Fisher & Paykel Healthcare Limited
  • Smiths Group plc
  • Drägerwerk AG & CO. KGAA
  • Getinge AB
  • Resmed
  • Getinge AB

Leave A Comment

Select Language