Global Ventilators Market 2020 Scope, Demand and Global Outlook-Drägerwerk AG & Co. KGaA,, Smiths Group, Hamilton Medical., GENERAL ELECTRIC COMPANY

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.

This ventilators market analysis report comprises of crucial aspects of the market that contains industry research, market sizing & forecast, competitive intelligence, market entry strategy, pricing trends, sustainability trends, customer insights, technology evolution, innovation trends, and distribution channel assessment. To prosper in this competitive market place, businesses are highly benefited if they adopt innovative solutions such as this ventilators market research report. Clients get clear understanding of the market place with a nice combination of best industry insight, practical solutions, talent solutions and latest technology while using this ventilators report for the business growth.

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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,

OPPORTUNITIES

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

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Global Ventilators Market Scope and Market Size

By Mobility
(Intensive Care Ventilators, Portable/Transportable Ventilators),

Interface
(Invasive Ventilation, Non-Invasive Ventilation),

Mode
(Combined-Mode Ventilation, Volume-Mode Ventilation, Pressure-Mode Ventilation, Others),

End- User
(Hospitals & Clinics, Home Care, Ambulatory Care Centers, Emergency Medical Services),

Product type
(Intensive Care, Portable, Neonatal), Type (Adult, Pediatric, Neonatal),

Country
(U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa)

Drivers: Global Ventilators Market

Increasing Number of Chronic Diseases

Ventilators are used for the life support treatments for chronic diseases such as hypercapnia respiratory failure, restrictive lung disease, and dyspnoea on exertion, asthma, orthopnoea, chronic obstructive pulmonary disease (COPD), chronic interstitial lung diseases (ILDs), pneumonia, cardiogenic pulmonary edema, neurologic disease and bronchial asthma

According to the American Thoracic Society, in 2017, around 16 million people in the U.S. have been diagnosed with COPD and also this disease is the 3rd leading cause of death in the U.S. after heart diseases.

Rising Number of ICU Beds

Patients with some serious illness such as respiratory problems, lung infections, cardiac diseases, neurological disorders are treated with the ventilation systems which are managed by the intensive care units (ICU). Rising number of the chronic diseases such as COPD, restrictive lung disease, chronic interstitial lung diseases (ILDs), pneumonia, and other disorders require to occupy the beds of the ICU’s with ventilation.

According to the Canadian Institute for Health Information, in between 2013 to 2014 around 65,500 that are 33.0% of ICU patients were invasively ventilated in which 49,100 number of patients were undergone for short-term ventilation and 16,800 as long-term ventilation. In the Canada region the highest rate for the ventilation of patients was Manitoba with 45.0% whereas Brunswick was lowest with 18.0%.

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