Artificial Ventilators and Anesthesia Masks market Features of Investment Opportunities, Market Share & Future Trends to 2026 | Philips Respironics, ResMed, Air Liquide Healthcare, Gale Med and more.
Market Size - USD 2.08 Billion in 2018, Market Growth - CAGR of 4.6%, Market Trends - Large investments for research and development for advanced Artificial Ventilation and Anesthesia Masks
The global Artificial Ventilators and Anesthesia Masks market was valued at USD 2.08 Billion in 2018 and is expected to reach USD 3.00 Billion by year 2026, at a CAGR of 4.6%. Artificial ventilators and anesthesia masks are devices that provide better ventilation by offering novel modes of ventilation such as pressure control ventilation, synchronized intermittent compulsory ventilation etc. Several factors such as rising respiratory problems, lung cancer, COPD etc. have increased the demand for the artificial ventilation and anesthesia masks. With the rising accidents and emergency cases, there has been a rise in the number of emergency rooms and operation rooms.
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The key players include Philips Respironics, ResMed, Air Liquide Healthcare, Gale Med, Dragerwerk AG, Ambu A/S and Acutronic Medical Systems AG.
For the purpose of this report, Reports and Data has segmented the Artificial Ventilation and Anesthesia Masks market on the basis of application, risks, and region:
Application (Revenue, USD Million; 2016-2026)
Intensive Care Units (ICU)
Risks (Revenue, USD Million; 2016-2026)
SOME OF THE KEY GEOGRAPHIES MENTIONED IN THIS REPORT INCLUDE:
North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) and More.
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The following years are used in this study to estimate the size of the Professional Services Automation market:
Historical year: 2016-2018
Base year: 2019
Estimated year: 2020
Forecast years: 2020 to 2026
Further key findings from the report suggest
There has been a rise in the geriatric population leading to an increase in the number of hospitalizations. This has further led to the spiraling demand for anesthesia masks and artificial ventilators.
European market is the second largest market and accounts for around 23% market share. The better reimbursement facilities, technological advancements and heavy investments for research and development are the key factors propelling the market in the region. The region continues to grow at a rate of 4.3%.
Operation rooms have for the highest market share. It accounts for 51.7% of the total market share. The spiraling number of cases of lung diseases, cancer etc. has led to increasing operations thus, increasing the number of hospitalization cases.
Emergency rooms record a CAGR of 6.4% owing to the high prevalence of emergency cases. Currently, emergency rooms account for 21.8% of the market share.
Asia Pacific is seen to be the fastest growing region with a CAGR of 5.8% owing to the swift infrastructural and technological developments. The governments of the emerging economies are launching programs to make medical equipment and devices affordable. This factor has propelled the market in this region.
North America dominates the market with a share of 51.1%. The region has a good medical infrastructure and has a lot of investments for the research and development. In addition to this, there has been a rise in the number of sleep apnea patients in the region. This has also increased the demand for the artificial ventilation in the region.
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In conclusion, the Artificial Ventilation and Anesthesia Masks Market report is a reliable source for accessing the Market data that will exponentially accelerate your business. The report provides the principal locale, economic scenarios with the item value, benefit, supply, limit, generation, request, Market development rate, and figure and so on. Besides, the report presents a new task SWOT analysis, speculation attainability investigation, and venture return investigation.
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