Ventilator Market Size to be Worth USD 1,600.1 Million by 2027 - Emergen Research

The global ventilator market is expected to grow significantly in the coming years, driven by factors such as the increasing prevalence of respiratory diseases, rising geriatric population, and the ongoing COVID-19 pandemic. Ventilators are medical devices that assist patients in breathing when they are unable to do so on their own. The global ventilators market is expected to reach USD 1,600.1 Million by 2027, according to a new report by Emergen Research.

The increasing prevalence of respiratory diseases such as chronic obstructive pulmonary disease (COPD), asthma, and pneumonia is also driving the growth of the ventilator market. According to the World Health Organization, over 3 million people die each year due to COPD, making it the third leading cause of death globally. The rising geriatric population is also contributing to the growth of the market, as elderly individuals are more susceptible to respiratory diseases.

However, there are also several factors that are expected to restrain the growth of the market, including high costs associated with ventilators, lack of skilled healthcare professionals, and strict regulatory requirements. The high costs associated with ventilators can make them inaccessible to patients in developing countries, while the lack of skilled healthcare professionals can limit the use of ventilators in certain regions.

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The market has been segmented on the basis of type, mode, end-user, and region. On the basis of type, the market has been segmented into invasive and non-invasive ventilators. The invasive ventilators segment is expected to dominate the market, owing to their ability to provide more advanced respiratory support. Based on mode, the market has been segmented into volume, pressure, and combined mode. The volume mode segment is expected to dominate the market, owing to its ability to deliver consistent tidal volumes.

Based on end-user, the market has been segmented into hospitals, ambulatory surgical centers, and home care settings. The hospitals segment is expected to dominate the market, owing to the high prevalence of respiratory diseases and the availability of skilled healthcare professionals in hospitals.

Geographically, the market has been segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America is expected to dominate the market, owing to the presence of several key players in the region and the high prevalence of respiratory diseases. According to the American Lung Association, over 35 million Americans suffer from lung diseases such as asthma and COPD.

Major Companies and Competitive Landscape:

The global ventilator market is highly competitive and fragmented, with the presence of several global and regional players. The key players operating in the market are focusing on developing innovative and advanced ventilators to cater to the increasing demand for these devices across the globe. The major players in the market include Medtronic, GE Healthcare, ResMed Inc., Allied Healthcare Products, Koninklijke Philips N.V., Hamilton Medical, Zoll Medical, Becton, Dickinson, and Company, Schiller, Fisher & Paykel Healthcare Ltd, and Philips Healthcare, among others.

Companies are also engaging in partnerships, collaborations, and acquisitions to expand their market presence and enhance their product portfolios. For instance, in January 2021, Vyaire Medical, Inc., a global respiratory care company, announced the acquisition of Xhale Assurance, Inc., a medical technology company, to enhance its product offerings and improve patient care. Similarly, in April 2020, Philips Healthcare collaborated with the U.S. government to ramp up the production of ventilators amid the COVID-19 pandemic.

Furthermore, manufacturers are also increasing their production capacities and implementing various strategies to meet the rising demand for ventilators. For instance, in April 2020, Medtronic announced that it would double its production of ventilators in response to the COVID-19 pandemic.

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Segmentation Insights for Ventilator Market Report:

The global ventilators market has been segmented by Emergen Research based on interface, type, mode, end-users, and region. The interface outlook includes invasive ventilation and non-invasive ventilation. The type segment includes adult/pediatric ventilators and infant/neonatal ventilators. The mode outlook comprises pressure mode ventilation, volume mode ventilation, dual/combined mode ventilation, and others. The end-user outlook includes hospitals, homecare setting, ambulatory care centers, and emergency medical services.

Geographically, the market has been segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. In North America, the market has been sub-segmented into the United States and Canada. In Europe, the market has been sub-segmented into Germany, the United Kingdom, France, BENELUX, and the rest of Europe. In Asia Pacific, the market has been sub-segmented into China, Japan, South Korea, and the rest of APAC. In Latin America, the market has been sub-segmented into Brazil and the rest of LATAM. In the Middle East and Africa, the market has been sub-segmented into Saudi Arabia, the United Arab Emirates, and the rest of MEA.

The invasive ventilation interface segment is expected to hold the largest share of the market during the forecast period due to its high effectiveness in treating patients with severe respiratory diseases. The adult/pediatric ventilators segment is expected to hold the largest share of the market, owing to the increasing prevalence of respiratory disorders in the adult population. The pressure mode ventilation segment is expected to hold the largest share of the market due to its ability to deliver precise tidal volume and its cost-effectiveness.

The hospital end-user segment is expected to hold the largest share of the market due to the availability of a large patient pool and the presence of advanced healthcare facilities. The homecare setting segment is expected to grow at a significant rate due to the increasing preference for homecare treatment options and the rising geriatric population.

North America is expected to dominate the market during the forecast period, owing to the high prevalence of respiratory diseases, the presence of advanced healthcare infrastructure, and the increasing adoption of technologically advanced ventilators in the region. The Asia Pacific region is expected to grow at the fastest rate during the forecast period due to the increasing geriatric population, rising prevalence of respiratory diseases, and increasing healthcare expenditure.

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