Ventilators Market Revenue Opportunies By Key Vendors Becton, Philips Healthcare, ResMed Inc., Medtronic Plc, Dragers Group, Smiths Group Plc, Hamilton Medical

A ventilator is a medical device used to support the breathing of patients. It is a form of breathing assistance in which an endotracheal tube is directed towards the airway of patient and it is connected to ventilator system. They are often used during surgery when patient is under anesthesia, which puts a patient to sleep without interrupting normal breathing. This system can be used as a diagnostic tool to measure static compliance of airway resistance and irregular functioning of respiratory system. The failure of ventilators may result in death so it is classed as life critical system and the system should be highly reliable.

Increase in number of private and public hospitals attributing to the growth of ventilators market.

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According to World Health Organization (WHO) fact sheet 2015, around 3 million people died due to of chronic obstructive pulmonary disease (COPD), accounting for 5% of all deaths. The rising incidences of chronic diseases such as chronic obstructive pulmonary diseases (COPD), bronchitis, asthma, and increase in number of accidental cases are some of the situations where medical ventilators are used. The rising incidence rate of preterm birth, respiratory diseases, growth in geriatric population associated disorders, growing pollution level, the changing lifestyle of people and habits such as smoking and drinking leading to enhanced risk of respiratory infections, lung diseases and cancer are driving the ventilators market. According to the World Health Organization (WHO), 2017, an estimated 15 million infants are born preterm annually accounting for approximately 1 million deaths in 2015. The survey also states that three-quarters of these deaths could be prevented with the current cost-effective interventions. However, the complications associated with the use of medical ventilator such as resistance from patients and physicians for technology transition, disorders such as barotrauma, lung injury, pneumonia and high cost of medical ventilators are some of the factors restraining the growth of the global ventilators market.

Major players are launching technologically advanced product to hold the major share in ventilators market.
Key players operating the global ventilators market include Becton, Philips Healthcare, ResMed Inc., Medtronic Plc, Dragers Group, Smiths Group Plc, Hamilton Medical, GE Healthcare, and Teleflex Incorporated. Market players are focused on launching new product to maintain lead in the ventilator market. For instance, the medical ventilator by Smiths Medical, PNEPAC Para PAC was the recent advancement approved by the U.S. FDA in 2014, which offers greater control of breathing parameters with MRI compatibility giving maximum flexibility for transport within the medical setting. The strategies such as merger and acquisition with local and international players and focus on technological advancements are adopted by manufacturers to sustain their position in the ventilators market.

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Global Ventilators Market Taxonomy:
The global ventilators market is segmented as per product type, age group, interface, mode, end user and region.
On the basis of product type, the global ventilators market is segmented into:
• Portable Ventilators
• Stationary Ventilators
On the basis of technology, the global ventilators market is segmented into:
• Mechanical Ventilators
• Automatic Ventilators
On the basis of age group, the global ventilators market is segmented into:
• Adult/pediatric ventilators
• Neonatal/infant ventilators
On the basis of interface, the global ventilators market is segmented into:
• Invasive Ventilators
• Non-Invasive Ventilators
On the basis of mode, the global ventilators market is segmented into:
• Combined Mode Ventilation
• Volume Mode Ventilation
• Pressure Mode Ventilation
• Others
On the basis of end user, the global ventilators market is segmented into:
• Hospitals
• Ambulatory Care Centers
• Home Care Setting

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