Ventilators Market 2018 | North America dominates the ventilators Buniness due to increasing incidence of coronary diseases | Key Players- Becton, Philips Healthcare, ResMed Inc., Medtronic Plc, Dragers Group

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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Technological advancements, rising incidence of chronic diseases such as pulmonary and other respiratory diseases and increasing aging population are driving the global ventilators market. In addition, rising healthcare expenditure and increasing number of intensive care beds in emerging economies are driving the growth for global ventilators market. However, lack of standardized nomenclature for different ventilation modes and high cost involved are restraining the global ventilators market.  

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

North America dominates the ventilators market due to increasing incidence of coronary diseases
Regional segmentation of the global ventilators market by Coherent Market Insights comprises of North America, Latin America, Europe, Asia pacific, Middle East and Africa. North America dominates the ventilators market, followed by Europe. 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. Aging population, investments to curb the ventilators shortage, expansion of private hospitals in rural area, and growing economy are the some of the important factors boosting the ventilators market in Asia Pacific. According to the survey by Public Library of Science, 2016, the functional mechanical ventilators were available for only half of the ICU beds (5.1 mechanical ventilators/100,000 inhabitants) in China, indicating a relevant shortage of medical resources in the healthcare settings in China.
Key Competitors Landsacpe:

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.

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