Ventilators market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses the market to account to USD 1662.48 million by 2027 growing at a CAGR of 7.60% in the above-mentioned forecast period. Increasing demand for homecare therapeutic devices and rising cases of pulmonary disorders are the factor which will affect the ventilators market in the forecast period of 2020 to 2027.
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The major players covered in the ventilators market report are Koninklijke Philips N.V., ResMed., Medtronic, BD, Getinge AB., Drägerwerk AG & Co. KGaA,, Smiths Group, Hamilton Medical., GENERAL ELECTRIC COMPANY, Fisher & Paykel Healthcare Limited., Air Liquide., Asahi Kasei Corporation., Skanray Technologies Pvt. Ltd, WEINMANN Emergency Medical Technology GmbH + Co. KG, SCHILLER, Shenzhen Mindray Bio-Medical Electronics Co., Ltd, Airon Corporation, ZOLL Medical Corporation., among other domestic and global players. Market Share data is available for Global, North America, Europe, Asia-Pacific, Middle East and Africa and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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- Market Penetration: Comprehensive information on the product portfolios of the top players in the ventilators market.
- The key findings and recommendations highlight crucial progressive industry trends in the ventilators Market, thereby allowing players to develop effective long term strategies
- To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the ventilators market
- The report offers market share appraisals for regional and global levels
According to Data Bridge Market Research the ventilators market is attaining a significant growth in developing economies during the forecast period of 2020-2027 due to factors such as increasing prevalence of respiratory disorders, rising number of tobacco smokers, rapid urbanization and changing lifestyle which will helps in boosting the growth of the market.
Data Bridge Market Research has estimated a large growth in Asia-Pacific ventilators market in the forecast period of 2020-2027.
Demand for Cost-saving Technologies
Mechanical ventilation is an integral and expensive part of the intensive care unit (ICU). Optimal application of mechanical ventilation could save costs and improve outcomes of patients. In the low economic countries such as India, shortages of ventilation can results into poor treatment of the patients. Increasing number of the patients with the chronic diseases associated with the respiratory issues demands more ventilation system; hence the demand of the low cost ventilators can enhance the ventilator market in coming year
According to, an European report in 2016, it is estimated that ICU cost of a day varies from USD 1343.02 to USD 2328.43 whereas in U.K. USD 2277.0 for the pressure support ventilation
Global Ventilators Market Scope and Market Size
Ventilators market is segmented of the basis of mobility, interface, mode, end- users, and product type. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
Based on mobility, the ventilators market is segmented into intensive care ventilators and portable/transportable ventilators. Intensive care ventilators market is segmented into high-end ICU ventilators, mid-end ICU ventilators and basic ICU ventilators.
On the basis of interface, the ventilator market is segmented into invasive ventilation and non- invasive ventilation.
Ventilators market on the basis of mode is also segmented into combined- mode, volume mode ventilation, pressure- mode ventilation and other.
The end user segment of the ventilators market is segmented into hospitals & clinics, home care, ambulatory care centers and emergency medical services.
On the basis of product type, the ventilators market is divided into Intensive care, portable and neonatal.
The ventilators market is also segmented on the basis of type. The type is segmented into adult, paediatrics and neonatal.
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Increasing demand for homecare therapeutic devices and rising cases of pulmonary disorders are the factor which will affect the ventilators market in the forecast period of 2020 to 2027.
Increasing cases of respiratory diseases and increasing tobacco smokers will affect the growth of the market. Increasing urbanization along with rising pollution level will also accelerate the market growth.
Rising number of premature births is also anticipated to drive the market growth. Changing lifestyle of the people will also affect the market growth positively.
On the other hand, rising ageing population, increasing healthcare spending and increasing number of beds in the ICU will also create new opportunities for the ventilators market in the forecast period of 2020 to 2027.
Increasing problems associated with the usage of ventilators, unfavourable reimbursement policy and high cost of the ventilators are some of the factors which will hamper the growth of the ventilators market in the forecast period of 2020 to 2027.
Table Of Content:
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Market Landscape
Part 04: Market Sizing
Part 05: Market Segmentation By Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers And Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
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