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Ventilator Market Report Provides Comprehensive Understanding of the Market with the Help of Informed Market Outlook, Growth Opportunities
The market is driven by factors such as high prevalence of respiratory disease, growing geriatric population, high prevalence of smoking, rapid urbanization and increasing pollution level, increasing incidence of preterm births, increasing healthcare expenditure, and changing lifestyle.
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Based on product type, the global ventilator market has been segmented into intensive care ventilator and portable ventilator. The intensive care ventilator segment accounted for the major share in the global market in 2015, and portable ventilator is expected to witness the highest growth during 2016-2022.
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Based on interface, the global ventilator market has been segmented into invasive ventilator and non-invasive ventilator. The invasive segment accounted for the major share in the global market in 2015, and the non-invasive segment is expected to witness the highest growth during 2016-2022.
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Asia-Pacific to witness the fastest growing region in the ventilator market during 2016-2022. The major reasons for the fastest growth of the market in the region include improving healthcare infrastructure, increasing prevalence of respiratory diseases, increasing incidence of preterm births, and increasing geriatric population. Among the countries of the Asia-Pacific region, the Japanese market for ventilators is expected to grow at a CAGR of 8.2% during the forecast period to reach $96.7 million by 2022.
Some of the major players operating in the ventilator market include ResMed Inc, General Electric Company, Hamilton Medical AG, Koninklijke Philips N.V, Becton, Dickinson and Company, and Medtronic plc.
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P&S Market Research is a global market research and consulting company. We provide market research reports, industry reports, business intelligence and research-based consulting services across a range of industries.
With the help of our professional corporate relations with various companies, our market research offers the most accurate market forecasting. Our analysts and consultants interact with leading companies of the concerned domain to substantiate every single data presented in our publication. Our research assists our client in identifying new and different windows of opportunity and frame informed and customized strategies for expansion in different regions.
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