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Ventilator Accessories Market Analysis by Segments, Size and Forecast 2016 - 2024
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Drivers & Restraints
Rising elderly population, growing prevalence of respiratory disorders, and rising number of preterm births are predictable to fuel the growth of ventilators accessories market in the forecast period. Ventilator accessories market growth has been driven by increasing in sales of portable and mechanical ventilators. Furthermore there is also an increase in the relevance of hospitals, medical emergency services and rehabilitation centers can be expected to rise in the demand for ventilators. Industry experts design these accessories utilizing the high grade standard material with high-end technology. Manufacturers are mainly focused for the highest possible patient safety and ease of use. Growing per capita income, extensive R&D investments in the healthcare industry by top market players, rising demand for advanced front-line technologies, and expansion of private hospitals and rehab-centers in remote areas are the major factors driving growth of the ventilators accessories market globally. Also, lack of access to primary care in developing regions is comparatively driving sensitive demand for urgent respiratory care utilization. Patient safety and operator control safety is the prime concern which has been regulated by the few official authorities which has executed huge challenges for the medical device manufacturers. New materials may bring together biocompatibility and circuitry issues.
Global Ventilators Market: Segmentation
The Global Ventilators Market market can be segmented as follows:
Global ventilator accessories market by Product Type
Flow sensors
Breathing sets
Expiratory valves
Endotracheal tubes
Breathing circuits
Humidifiers
Interfaces and masks
Others
Global Ventilators Market, by End User
Hospitals
Ambulatory Surgery Centres
Clinics
Emergency Medical Services
Long term care centres
Global Market: Regional Outlook
Geographically, the global ventilator accessories market is segmented into five regions, namely North America, Latin America, Europe, Asia Pacific & the Middle East and Africa (MEA). North America (U.S) is the largest regional segment of the overall ventilator market, followed by Europe region. Currently Asia-Pacific region has also enhanced the growth rate during the forecast period. The rate of efficiency is mainly attributed to the geriatric population worldwide, rising incidences of cardio-vascular & respiratory diseases, extensive growth in healthcare expenditure, and rapidly growing healthcare industry worldwide. These regions are expected to generate the fastest growth rates potentially.
Global Ventilators Market: Key Players
The key players in the Ventilators market are
Drägerwerk AG & Co. KGaA
GE Healthcare Ltd.
Siemens Healthcare
ResMed Inc.
Fisher & Paykel Healthcare Corp. Ltd.
Hamilton Medical AG
Invacare Corp.
CAS Medical Systems Inc.
Nihon Kohden Corp.
Nonin Medical Inc.
Criticare Systems Inc.
Spacelabs Healthcare Inc.
Nellcor Puritan Bennett LLC
ALARIS Medical Systems Inc.
Criticare Systems Inc.
Masimo Corp.
Welch Allyn Inc.
The global market for ventilator accessories market is further expected to witness significant growth over the report’s forecast period owing to the rapid and consistent technological innovation in these medical devices and the rising cases of chronic respiratory disorders among people worldwide.
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