Ventilator Market to Reach US$ 8,239.18 Million, Globally, by 2027 at 12.9% CAGR: Says Reports and Data | Top Players are

The ventilator marketwas valued at US$ 2,620.45 millionin 2019 and is projected to reach US$ 8,239.18 millionby 2027; it is expected to grow at a CAGR of 12.9%from 2020 to 2027.

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.

Top Companies Covered in this Report: 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.

Get sample copy of Report at: https://bit.ly/3o4WKTR

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.
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.

Aging is the main factor that contributes to the increase in chronic-degenerative disease cases, and in a few cases, it leads to the need for interventions that require admission to ICUs. Thus, rapid growth in the geriatric population is directly proportional to the demand for ventilatory support, which is fueling the global ventilator market growth.Thus, rapidincrease in geriatric population, is expected to boost the market growth.

Based on mobility, the ventilator market is segmented into intensive care ventilators and portable/transportable ventilators. In 2019, the intensive care ventilators segment accounted for a higher share of the market. Growth of this segment is attributed to growing prevalence of respiratory diseases and technological advancements in intensive care ventilators. However, the portable/transportable ventilators segment is likely to register a higher CAGR in ventilator market during the forecast period.

Get Discount for This Report https://bit.ly/34WaoRT

Table Of Content
1. Introduction

2. Ventilator Market – Key Takeaways
3. Research Methodology

4. Ventilator Market – Market Landscape

5. Ventilator Market – Key Market Dynamics

6. Ventilator Market– Global Analysis

7. Ventilator Market Analysis – By Mobility

8. Ventilator Market Analysis – By Type

9. Ventilator Market Analysis – By Interface

10. Ventilator Market Analysis – By Mode

Enquire about report at: https://bit.ly/3n09zgX

Contact Us:
Sameer Joshi
Call: +912067274191
Email: sales@premiummarketinsights.com
Pune

About Premium Market Insights:
Premiummarketinsights.com is a one stop shop of market research reports and solutions to various companies across the globe. We help our clients in their decision support system by helping them choose most relevant and cost effective research reports and solutions from various publishers. We provide best in class customer service and our customer support team is always available to help you on your research queries.

This release was published on openPR.