Increasing Prevalence of Respiratory Diseases Leading to the Growth of Global Ventilator Market

A ventilator, often known as breather machines or respirators, is a machine that helps the person to breathe. The surging rate of preterm births in the countries such as India, China, and Nigeria along with increasing prevalence of respiratory diseases among the populace due to rising consumption of cigarette and tobacco are few of the major factors driving the demand for ventilators -income countries. Moreover, a growing aging population. outbreak of COVID-19, and escalating number of asthma patients worldwide are expected to upsurge the growth of Global Ventilator market in the forecast period.

According to MarkNtel Advisors’ research report titled “Global Ventilator Market Analysis, 2020”, the Global Ventilator market is anticipated to grow at a CAGR of around ~13% during 2020-25. The COVID-19 pandemic has further augmented the demand for ventilators across developed and developing countries. The coronavirus causes respiratory infection to the patient, which makes it difficult to breathe, thus elevating the need for ventilators in many cases. WHO estimates shows that 6% of people suffering from the virus get critically sick which may require the need for ventilators to help them breathe.

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The rising corona casualties around the globe has induced a shortage of ventilators in various countries. In order to fill the gap, huge investments are made by many governments toward the production of ventilators in order to meet the growing demand. Thus, this created a lucrative growth opportunity for the market players to ramp up their production. Hence, this is anticipated to propel the growth of Global Ventilator market in the forthcoming period.

“Global Ventilator Market Analysis, 2020” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and growth opportunities available for Ventilator providers across the globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.

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Surging Demand for Ventilators in Hospitals
The hospital segment captured the majority market share in 2020. The COVID-19 pandemic has raised an alarm about a shortage of ventilators in the hospitals due to bolstering number of patients experiencing respiratory issues as a consequence of COVID-19. The rising demand for ventilators in the hospitals along with surging government spending toward the development of healthcare facilities are projected to lead to a positive impact toward the growth of the market in the near future as stated in MarkNtel Advisors’ research report “Global Ventilator Market Analysis, 2020”.

North America Acquired the Highest Share in Market in 2020
North America acquired the highest market share in the global ventilator market 2020. US and Canada accounted for the majority market share in the North America market. This is due to burgeoning elderly populace, rising prevalence of respiratory diseases such as asthma, and increasing consumption of cigarettes in these regions. However, the growing number of COVID-19 patients in the country is expected to generate the demand for ventilators in the coming years.
According to MarkNtel Advisors, the key players with a considerable market share in the Global Ventilator market include Philips, ResMed, Medtronic, Becton Dickinson, GE Healthcare, Getinge, Air Liquide, Hamilton Medical, Smith’s Group, Drager, Fisher, and Paykel.
Market Segmentation:

1. By Type (Adult/Pediatric Ventilation, Infant/Neonatal Ventilation)
2. By Interface (Invasive Ventilation, Non-Invasive Ventilation)
3. By Mode (Combined-Mode Ventilation, Volume-Mode Ventilation, Pressure Mode Ventilation),
4. By Mobility (Portable, Intensive Care)
5. By End-User (Hospitals and Clinics, Homecare, Ambulatory Care Centers, Emergency Medical Services),
6. By Country (US, Canada, Mexico, Brazil, Argentina, UK, Germany, Italy, Spain, China, India, Japan, South Korea, Australia, UAE, Saudi Arabia)
7. By Company (Philips, ResMed, Medtronic, Becton Dickinson, GE Healthcare, Getinge, Air Liquide, Hamilton Medical, Smith’s Group, Drager, Fisher, and Paykel)

Key questions answered in the study:

1. What are the current and future trends of the ventilator industry?
2. How the industry has been evolving in terms of end-user demand and application areas?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the ventilator industry?
5. What are the customer orientation, purchase behavior, and expectations from the ventilator firms across various regions?

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