Anesthesia Ventilator Market Size, Growth Evolution, Trends, Demand, Analysis, Segment and Forecasts Report, 2030
On the basis of mobility, the anesthesia ventilator market is categorized into the intensive care; portable; and neonatal ventilators. Of these, the ventilators intended for intensive care dominated the global market, historically. This is attributed to the high ventilation procedures provided in the intensive care unit (ICU) of the hospitals. Moreover, the demand of intensive care ventilators is growing significantly due to the COVID-19 pandemic.
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Sensors, compressible air reservoir, filters, alarms, and pressure regulator among others are some of the components of ventilators. Among these, the compressible air reservoir is expected to witness fastest growth during the forecast period, mainly due to it helps in the continuous exchange of gases.
Rising prevalence of the fatal diseases such as acquired immunodeficiency syndrome (AIDS), tuberculosis, and COVID-19 has increased the usage of ventilators in the hospitals. For instance, according to the statistics released by Worldometer, as of March 24th, 2020, the total number of positive COVID-19 infection cases reported were: 54,881 in the U.S.; 81,171 in China; 1,193 in Japan; 69,176 in Italy; and 536 in India. Therefore, this has increased the demand for ventilators in the healthcare facilities, tremendously.
Similarly, in April, 2018, Vyaire Medical acquired Acutronic Medical Systems and, separately, entered into a definitive agreement to acquire imtmedical. The acquisitions were intended to enhance the company's product portfolio, expand intellectual capital, and broaden their technological capabilities.
Some of the key market players in the anesthesia ventilator market are Koninklijke Philips N.V., Vyaire Medical Inc., Hill-Rom Holdings Inc., General Electric Company, Medtronic plc, and Hamilton Medical AG.
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