Ventilator Market Size to Surpass USD 14,613.84 million at a CAGR of 8.6% by 2031, Share, Growth, Demand, Global Trends, Challenges and Competitive Outlook

The global Ventilator Market research report conducts an extensive analysis of the Ventilator Market sector and provides information on the state of the market over the forecast period. The winning market research report provides a thorough knowledge of the state of the industry, including historical and anticipated market sizes based on value, volume, and technical growth. It also projects leading and cost-effective market fundamentals. This paper examines the market's potential and prospects from a number of angles, both now and in the future. The comprehensive Ventilator Market report provides numerous market insights through a broad examination of the Ventilator Market industry.

Explore Further Details about This Research Ventilator Market Report https://www.databridgemarketresearch.com/reports/global-ventilators-market

The major factors driving the growth of the ventilator market are the increasing number of chronic diseases, the rising number of ICU beds, the rising number of preterm births, and emerging neonatal care technologies. However, the high cost of equipment and product recall is restraining the market growth. Growing healthcare infrastructure is an opportunity for the market because if investment in healthcare increases, it will lead to the high installation of advanced technology-based ventilator products in various healthcare facilities.

Data Bridge Market Research analyzes that the market is growing with a CAGR of 8.6% in the forecast period of 2024 to 2031 and is expected to reach USD 14,613.84 million by 2031 from USD 7,645.11 million in 2023.

Market Definition

A ventilator is an equipment used in ICUs to assist patients in breathing when it is not possible for the patient to breathe by themselves. Ventilators may be temporarily or permanently used on the system (as in long-term care). The ventilator consists of a mechanical ventilator, an endotracheal tube, and a nasogastric drain. These ventilators are used in hospital environments, recovery, or home treatment. Ventilation devices supply oxygen to the patient's body to extract carbon dioxide. It is used to sustain life but does not treat sickness or medical conditions.

Opportunity

Increasing Healthcare Expenditure

Growing healthcare infrastructure is an opportunity for the market, because if investment in healthcare increases it will lead to the high installation of advanced technology-based ventilator products in various healthcare facilities.

The government plays a vital role in improving the healthcare sector providing health benefits to individuals with the help of some health insurance programs, medicare, and other facilities. Governments have also funded health facility that helps patients get hassle-free expensive treatment. Government healthcare subsidies for the various types of healthcare facilities play a significant role in providing more extensive healthcare access to patients due to which increasing healthcare expenditure is boosting the market growth.

Recent Development

In June 2022, Frost & Sullivan selected Dräger for its 2022 Global Neonatal Devices & Neonatal Respiratory Care New Product Innovation Award due to its extensive expertise and best-in-class capabilities with customer value as a strategic imperative. With this award company get recognition across the world, which will help it to growth in the market
In August 2020, Smiths Groups confirms the contract of producing 10,000 ventilators for the U.K. government. The production tends to be rapidly increased to meet the high growth of ventilators in the market
In May 2020, Hamilton Medical launched INTElliVENT ASV, which acts as a personal assistant uses physiological information from patients and sets goals and limitations to control the automatic and continuous release of carbon dioxide and oxygen levels in both passive and active patients.Error! Hyperlink reference not valid
In May 2020, Air Liquide increased the production of respirators to provide 10,000 respirators in 50 days. The company has a major focus to provide necessary medical services to save lives
In March 2020, Penlon Limited began operations as part of its national operation to manufacture NHS air conditioners. The action is to support other countries' efforts to design, manufacture, and assemble their ventilators

Global Ventilator Market Scope

The global ventilator market is segmented into five notable segments which are on the basis of product type, modality, ventilator type, mode, and end user. The growth amongst these segments will help you analyze major growth segments in the industries and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.

Product Type

Intensive Care Ventilators
Portable Ventilators
Neonatal Ventilators

On the basis of product type, the global ventilator market is segmented into intensive care ventilators, portable ventilators, and neonatal ventilators.

 Modality

Non-Invasive Ventilation
Invasive Ventilation

On the basis of modality, the global ventilator market is segmented into non-invasive ventilation and invasive ventilation.

Ventilator Type

Adult Ventilators
Neonatal Ventilators
Pediatric Ventilators

On the basis of ventilator type, the global ventilator market is segmented into adult ventilators, neonatal ventilators, and pediatric ventilators.

Mode

Combined-Mode Ventilation
Volume-Mode Ventilation
Pressure-Mode Ventilator
Other

On the basis of mode, the global ventilator market is segmented into combined-mode ventilation, volume-mode ventilation, pressure-mode ventilator, and other.

End User

Hospitals
Specialty Clinics
Long Term Care Centers
Rehabilitation Centers
Homecare Settings
Others

On the basis of end user, the global ventilator market is segmented into hospitals, specialty clinics, long term care centers, rehabilitation centers, homecare settings, and others.

Some of the major players operating in the global ventilator market are Koninklijke Philips N.V., Air Liquide, Hamilton Medical, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Medtronic, Fisher & Paykel Healthcare Limited, Smiths Group plc, Getinge AB, Drägerwerk AG & Co. KGaA, Leistung Equipamentos LTDA, Penlon Limited, ResMed, Vyaire, Zoll Medical Corporation, and GE Healthcare, among others.

Key Insights Of Ventilator Market Report

The report comprises a detailed analysis of different segments and offers market valuations between 2023 to 2030.
This study presents the analytical depiction of the Ventilator Market with the current trends and future estimations to determine the imminent investment pockets
The report also reveals information with respect to key drivers, restraints, and opportunities coupled with a comprehensive analysis of the global Ventilator Market
The forecast period of the market is assessed from 2024 to 2030 to highlight the Ventilator Market growth scenario.
Porter's five forces analysis establishes the effectiveness of the buyers and suppliers in the business line.
The key players in the industry are profiled to gain an understanding of the strategies adopted by them.
This report provides the current trends and future estimations during the forecast period, which in turn aids in identify the prevailing market opportunities.

The company portfolio includes company synopsis, operating business sectors, business overview, product/service categories, and recent growth strategies adopted by them.

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