Ventilator Market (Size of $638.7 Million in 2015) to Witness 7.7% CAGR During 2016 – 2022

Ventilator market was valued at $638.7 million in 2015, and it is expected to grow at a CAGR of 7.7% during 2016 - 2022. The growth of the global market is largely driven by increasing level of air pollution across the globe and growing geriatric population. Some of the other factors driving the growth of the global market include increasing prevalence of respiratory diseases, changing lifestyle, rapid urbanization, increasing healthcare expenditure, and high prevalence of tobacco smoking. Growing demand for home care therapeutic devices and high growth in developing countries are expected to create ample opportunities for the manufacturers of ventilators.
Explore Report with Detailed TOC at: https://www.psmarketresearch.com/market-analysis/ventilator-market
Ventilator assists patients to breath, or takeover the breathing function completely, depending upon the needs of the patient. It does not treat a disease but is used as life support. It is indicated in respiratory failure conditions cardiac insufficiency and neurological dysfunction conditions.
Among the two types of ventilators, the portable ventilators would witness faster growth during the forecast period. Growing geriatric population, wider application of portable ventilators such as home care and ambulatory care, and increasing demand for home healthcare are the major factors driving the growth of the portable ventilator market.Among the different end users, the largest revenue was generated from the sales of ventilators in hospitals in 2015. It is mainly used in hospitals for the treatment of sleep apnea, acute lung injury, hypoxemia and obstructive pulmonary disease. The global ventilator market for home care is expected to grow at a CAGR of 8.4% during 2016 – 2022.
Some of the players operating in the global ventilator market include ResMed, Inc, General Electric Company, Hamilton Medical AG, Koninklijke Philips N.V, Becton, Dickinson and Company, and Medtronic plc.
GLOBAL VENTILATOR MARKET SEGMENTATION
By Product Type
Intensive care ventilator
Portable ventilator
By Age Group
Adult/Pediatric
Neonatal/Infant
By Interface
Invasive
Non-invasive
By Mode
Pressure
Volume
Combined
Others
By End User
Hospital
Home care
Ambulatory care
GEOGRAPHICAL SEGMENTATION
By Region
North America
U.S.
Canada
Rest of North America
Europe
Germany
U.K.
France
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
India
Rest of Asia-Pacific
Rest of the World (RoW)

About P&S Market Research
P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research based consulting services across different industry/business verticals.
As one of the top growing market research agency, we’re keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity, and framing informed and customized business expansion strategies in different regions.
Contact:
Kundan Kumar
Manager – Client Partner
347, 5th Ave. #1402
New York City, NY - 10016
Toll-free: +1-888-778-7886 (USA/Canada)
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com

347 5th Ave. #1402- 210 New York City, NY 10016 United States

This release was published on openPR.