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Ventilators Market to Receive Overwhelming Hike in Revenues by 2026

01-02-2018 10:40 AM CET | Health & Medicine

Press release from: Future Market Insights

/ PR Agency: Future Market Insights
Ventilators Market to Receive Overwhelming Hike in Revenues

Ventilator is a medical device which helps an ailing patient to breathe by allowing the passage of breathable air into and out of the lungs. Ventilator mainly blows air (oxygen rich) into the airways (include nose and linked air passages, mouth, larynx, trachea or tubes called bronchial tubes and their branches) and then the lungs. It also carries carbon dioxide out of your lungs. By various modes of ventilation, ventilators are set to deliver a constant volume (volume cycled), a constant pressure (pressure cycled), airway pressure release ventilation (APRV), pressure regulated volume control (PRVC), assist-control ventilation (ACV) or by the delivery of positive pressure ventilation via a tight-fitting mask that covers the nose or both the nose and mouth (Noninvasive positive pressure ventilation). Ventilation modes cannot cure a disease fully but they are able to support the patient until his/her recovery period is completed. Global ventilators market has registered significant growth rate and the segment for non-invasive, homecare and portable ventilators is expected to represent a healthy growth rate. Globally in the ventilators market, non-invasive ventilator is estimated to be the fastest growing segment.

Global Ventilators Market: Drivers and Restraints

The global ventilators market is anticipated to be driven by high rate of neonatal cases and the increasing number of elderly individuals with diseases such as congestive heart failure (CHF), chronic obstructive pulmonary disease (COPD), sleep apnea, increased prevalence of respiratory emergencies, etc. Furthermore, there is also an increase in the relevance of hospitals and rehabilitation centers to transfer long-term patients to home care settings which is expected to increase the demand for portable ventilators. Increasing number of surgeries, demand for cost-saving and high-end (especially noninvasive, transport, neonatal, portable, and long-term care) technologies which can accommodate a broad range of treatment capabilities in critical care is projected to boost growth of the global ventilators market. However, budget constraints faced by manufacturers of ventilators are expected to restrain the growth of the global ventilators market over the forecast period.

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Global Ventilators Market: Segmentation

The global ventilators marketmarket can be segmented as follows:

Ventilators Market, By Product Type

Intensive-Care Ventilators

Neonatal Ventilators

Portable/Transport Ventilators

Ventilators Market, By Modality

Non Invasive Ventilators

Volume-Cycled Ventilators

Pressure-Cycled Ventilators

Continuous Positive Airway Pressure Ventilators

Bi-Level Positive Airway Pressure Ventilators

Flow-Cycled Ventilators

Time-Cycled Ventilators

Invasive Ventilators

VentilatorsMarket, by End User

Hospitals

500+Beds

250-499 Beds

Less Than 250

Ambulatory Surgery Centres

Nursing Homes

Specialty Clinics

Long Term Care Centres

Rehabilitation Centres

Global VentilatorsMarket: Regional Outlook

Geographically, the global ventilator market is segmented into seven regions, namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and the Middle East and Africa (MEA). North America is the largest regional segment of the overall ventilator market, followed by Western Europe region in the global ventilator market. Currently, APEJ ventilator market is another lucrative region in terms of volume and the trend is expected to continue through 2026. The substantial growth rate of the global ventilators market 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. The incidences of respiratory failure are primarily arising from the developing nations. Proper implementation, by improvising healthcare infrastructure and by spreading awareness among the people, could fuel growth of the global ventilators market in the developing regions.

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Global VentilatorsMarket: Key Players

The key players in the ventilators marketare

Carefusion Corp.

Covidien plc

Drager Medical GmbH

MAQUET Gmbh & Co. KG

Phillips Healthcare

Acoma Medical Industry Co. Ltd.

Bunnell Inc.

GE Healthcare Ltd.

HAMILTON MEDICAL AG

Mindray Medical International Ltd.

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