Ventilators Market Will Witness a Staggering Growth During 2018–2026 | Becton, Philips Healthcare, ResMed Inc., Medtronic Plc, Dragers Group, Smiths Group Plc

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.

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Increase in number of private and public hospitals attributing to the growth of ventilators market
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 American Heart Association, 2017, about 92.1 million American adults are suffering form of cardiovascular disease or the after-effects of stroke. According to the study conducted by Department of Anesthesiology, Columbia University, 2014, ICU occupancy ranged from 57.4% to 82.1% and the number of beds filled with mechanically ventilated patients ranged from 20.7% to 38.9% in the U.S., which is driving the growth of ventilators market in North America.

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.

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