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Anesthesia Ventilator Market Share, Industry Growth, Size, Trends, and Revenue Analysis

04-13-2020 11:04 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: P&S Intelligence

A ventilator is a medical device, or a mechanical machine that supports breathing. The basic function of the ventilator is to efficiently manage the exchange of gases i.e. getting the oxygen into the lungs and helping carbon-di-oxide to be released from the lungs, of the patient under emergency. The ventilator can be removed or disconnected from the patient after the doctor advices that the patient is fit to breathe independently without any external support or has recovered from the illness. Anesthesia ventilators is an integral part of all modern anesthesia workstations. These are very sophisticated devices with which have several advanced ventilation modes.

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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.

In terms of end users, the anesthesia ventilator market can be bifurcated into ambulatory care centers; pre-hospital settings and emergency medical services (EMS); and hospitals. Among these, hospitals are expected to be the largest end users of ventilators. It is also expected to be the fastest growing category in the near future, mainly on account of improved healthcare facilities and adaptability of technologically advanced products in the hospital.

Some of the major challenges associated with ventilators include improper functioning of the alarms and the ventilation cycle, which many sometimes lead to the inappropriate heating or the humidification of the inspired gas of the ventilators. Other clinical complications include delivery of lung-protective ventilation and maintaining adequate gas exchange in severely hypoxemic patients. In addition, high cost of ventilators and stringent regulations imposed on its usage are some of the factors hindering the growth of anesthesia ventilator market.

The key market players are actively participating in the strategic development activities such as acquisitions and the product launches approvals to gain a competitive edge in the anesthesia ventilator market. For instance, in August, 2019, Hill-Rom Holdings Inc. acquired Breathe Technologies Inc., a developer and manufacturer of a patented wearable, non-invasive ventilation technology, for a cash consideration of $130 million.

About P&S Intelligence
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

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