COVID-19 Outbreak – Impact Assessment on Global Ventilators Industry 2020:Thriving With Rising Latest Trends By 2027|Medtronic, BD, Getinge AB., Drägerwerk AG & Co. KGaA,, Smiths Group, Hamilton Medical., GENERAL ELECTRIC COMPANY, Fisher & Paykel Healt

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

The report aims to identify the dynamics of the global Ventilators market and provide recent updates and insights that affect various segments of the global market. The market report sorts the market dependent on the manufacturer, region, type, and application. The report estimates and validates the market size of the global Ventilators market. The report also delivers a forecast, which focuses on the market opportunities for the next five years (2020-2027) for each region. The scope of the study segments the global market by product type, application, end-use, and the region is explained. This research report is expected to enable clients to assess strategies deployed by market leaders.

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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, Fisher & Paykel Healthcare Limited., Air Liquide., Asahi Kasei Corporation., Skanray Technologies Pvt. Ltd, WEINMANN Emergency Medical Technology GmbH + Co. KG, SCHILLER, Shenzhen Mindray Bio-Medical Electronics Co., Ltd, Airon Corporation, ZOLL Medical Corporation., among other domestic and global players. Market Share data is available for Global, North America, Europe, Asia-Pacific, Middle East and Africa and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

North America dominates the ventilators market in the forecast period of 2020 to 2027. This is due to increasing geriatric population, increasing cases of respiratory diseases and rising number of smokers in the region.

Ventilators Market Development in 2019

In November 2019, Nihon Kohden launched new NKV-550 Series Ventilator System designed to provide critical care setting for patients of all ages while helps in patients respiratory needs and benefits patient.

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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Segmentation:Global Ventilators Market

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),

Global Ventilators Market drivers:

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.

Increasing cases of respiratory diseases and increasing tobacco smokers will affect the growth of the market. Increasing urbanization along with rising pollution level will also accelerate the market growth.

Rising number of premature births is also anticipated to drive the market growth.

Changing lifestyle of the people will also affect the market growth positively.

On the other hand, rising ageing population, increasing healthcare spending and increasing number of beds in the ICU will also create new opportunities for the ventilators market in the forecast period of 2020 to 2027.

Global Ventilators Market Restraints:

Increasing problems associated with the usage of ventilators, unfavourable reimbursement policy and high cost of the ventilators are some of the factors which will hamper the growth of the ventilators market in the forecast period of 2020 to 2027.

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