Business impacts of COVID-19 on Ventilator Market. Strategies of major industry competitors - ResMed, GE, Getinge, Smiths Group plc, Hamilton Medical, Medtronic

The prevalence of diseases all across the globe is rising rapidly, and the latest example is COVID-19, which is now a pandemic and is affecting millions worldwide. The outbreak of coronavirus started in Wuhan, China, and the infection has now spread to almost every part of the world. The prime concerning factor regarding this disease is that as of now, no vaccine has been developed for curing it. The virus affects people of all ages; however, it has severe and fatal consequences for aged people and those having underlying health conditions. While the number of people who are getting cured is high, the number of fatalities is also increasing day-by-day.

Global Ventilator Market Key Players are:
1- ResMed
2- GE
3- Getinge
4- Smiths Group plc
5- Hamilton Medical
6- Medtronic

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Attributed to this, the demand for ventilators, at the present time is extremely high all over the world. A ventilator, sometimes referred to as breathing machine or life support, helps a person breathe, if they are unable to do so on their own. A tube is inserted into their windpipe, either through the mouth or through a hole in their throat, which is connected to a machine that pumps air into the lungs. The ventilator market is predicted to advance at a rapid pace in the next few months, as COVID-19 is primarily a respiratory infection.

In the coming years, North America is projected to emerge as the largest ventilator market, because of the increase in the prevalence of respiratory diseases and growing healthcare expenditure in the region. The governments in the region are investing heavily for the improvement of medical facilities, as the number of patients, currently those infected by coronavirus, is rising. In addition to this, the growing geriatric population, rising prevalence of tobacco smoking, and increasing burden of chronic diseases in the region are also predicted to result in the rising need for ventilators.

Get Detailed COVID-19 Impact Analysis on the Global Ventilator Market:�https://www.psmarketresearch.com/speak-analyst/ventilator-market/Y292aWRfcXVlcnk=

GLOBAL VENTILATOR MARKET
o By Product Type
o By Age Group
o By Interface
o By Mode
o By End User
o By Region
GLOBAL VENTILATOR MARKET, BY PRODUCT TYPE
o Intensive Care Ventilator
o Portable Ventilator
GLOBAL VENTILATOR MARKET, BY AGE GROUP
o Adult/Pediatric
o Neonatal/Infant
GLOBAL VENTILATOR MARKET, BY INTERFACE
o Invasive
o Non-Invasive
GLOBAL VENTILATOR MARKET, BY MODE
o Combined
o Volume
o Pressure
o Others
GLOBAL VENTILATOR MARKET, BY END USER
o Hospital
o Home Care
o Ambulatory Care

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