Ventilator Market To Witness Massive Growth General Electric Company, Hamilton Medical, Koninklijke Philips N.V., Medtronic, Resmed

The rise in life expectancy worldwide drives the geriatric population growth. Most people expect to live into their sixties and beyond. According to the World Health Organization (WHO), the global population share of people with age >60 would nearly double from 12% to 22% from 2015 to 2050. This rise in the elderly population has led to an increase in the geriatric ailments, leading to greater requirement of intensive care, which includes mechanical ventilation.

Leading Ventilator Market Players:
Vyaire Medical, Inc., Getinge Ab, Dragerwerk AG & Co. Kgaa, Fisher & Paykel Healthcare Limited., General Electric Company, Hamilton Medical, Koninklijke Philips N.V., Medtronic, Resmed, Smiths Group Plc

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The growth of the market is mainly attributed to factors such as growing prevalence of respiratory diseases and increasing geriatric population. However, adverse effects on cardiopulmonary function and complications associated with air tube, air pressure, and among others are likely to hamper the market growth during the forecast period.

Elderly patients are progressively opting for intensive care unit (ICU) treatment with mechanical ventilation (MV). Non-invasive ventilation (NIV) is a better alternative to be used for elderly patients admitted to hospitals for the treatment of respiratory diseases. According to one of the studies published in Medicina Intensiva, the journal of the Spanish Society of Intensive and Critical Care Medicine and Coronary Units (SEMICIUC), patients with age >75 exhibit significantly greater in-ICU mechanical ventilation requirements.

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Based on mode, the ventilator market is segmented into combined mode ventilation, volume mode, ventilation, pressure mode ventilation, neurally adjusted ventilatory assist (NAVA), inverse ratio ventilation (IRV), prone ventilation, high-frequency oscillatory ventilation (HFOV), high-frequency percussive ventilation (HFPV), and others. The combined mode ventilationsegment held the largest share of the market in 2019 and is estimated to register the highest CAGR of 14.2% during the forecast period.

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Table of Content:
Market Overview
Competition Analysis by Players
Company (Top Players) Profiles
Ventilator Market Size by Type and Application
US Market Status and Outlook
EU Development Market Status and Outlook
Japan Market Development Status and Outlook
China Market Status and Outlook
India Ventilator Market Status and Outlook
Southeast Asia Market Status and Outlook
Market Forecast by Region, Type, and Application
Market Dynamics
Market Effect Factor Analysis
Research Finding/ Conclusion
Appendix

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