Market Study Report07.13.21
As per experts, global ventilators market size is projected to showcase an appreciable growth rate during 2020-2026, owing to increasing incidences of preterm births, growing burden of chronic and infectious diseases, and booming aging population, according to a Market Study Research report. Apart from this, rising number of intensive care units (ICU) and ICU beds additions across the globe, especially in emerging economies with developing healthcare infrastructure, is positively affecting the market dynamics.
Moving ahead, the research literature evaluates the vertical in terms of age group, administration, portability, mode, end user scope, and regional terrain to reveal the key areas for investment during the study period. Lastly, it presents a 360-degree outlook of the leading industry players with respect to their financials, product/service portfolio, and major developments like mergers, partnerships, and investments.
Notably, the ventilator is a life-saving device for people who are unable to breathe due to severe conditions such as asthma or respiratory syndrome. Rapid urbanization and increasing carbon emissions have increased risk of such chronic diseases, subsequently enhancing the overall market outlook. Moreover, rising readmission rate of affected patients is expanding the market size.
Despite the upward trajectory of worldwide ventilators industry, issues with management of supply chain concerning the medical product’s parts, and problems associated with the usage of mechanical ventilators are negatively impacting the business expansion. Moreover, adverse effects of specific devices on newborn children are also hampering the remuneration scope of the industry.
Based on age group, global ventilators industry is fragmented into combined, neonates, and adult. Elaborating on administration, the market is split into non-invasive and invasive. Speaking of portability, the market is bifurcated into portable/transportable ventilators and non-portable ventilators.
Moving on to mode, the sub-market are pressure mode ventilation, volume mode ventilation, and combined mode ventilation. With respect to end user scope, the market is categorized into emergency medical service, ambulatory care centers, home care, and hospitals and clinics.
Key players swaying global ventilators market dynamics are Smiths Group plc, Hamilton Medical, GE Healthcare, Vyaire Medical Inc., Air Liquide Group, Asahi Kasei Corporation, Getinge AB, Nihon Kohden Corporation, Drägerwerk AG & Co. KGaA, Fisher & Paykel Healthcare Corporation Limited, Medtronic plc, ResMed Inc., and Philips Healthcare. These healthcare majors are focus employing strategies like partnerships, and investments to attain a larger share of the industry.
Moving ahead, the research literature evaluates the vertical in terms of age group, administration, portability, mode, end user scope, and regional terrain to reveal the key areas for investment during the study period. Lastly, it presents a 360-degree outlook of the leading industry players with respect to their financials, product/service portfolio, and major developments like mergers, partnerships, and investments.
Notably, the ventilator is a life-saving device for people who are unable to breathe due to severe conditions such as asthma or respiratory syndrome. Rapid urbanization and increasing carbon emissions have increased risk of such chronic diseases, subsequently enhancing the overall market outlook. Moreover, rising readmission rate of affected patients is expanding the market size.
Despite the upward trajectory of worldwide ventilators industry, issues with management of supply chain concerning the medical product’s parts, and problems associated with the usage of mechanical ventilators are negatively impacting the business expansion. Moreover, adverse effects of specific devices on newborn children are also hampering the remuneration scope of the industry.
Based on age group, global ventilators industry is fragmented into combined, neonates, and adult. Elaborating on administration, the market is split into non-invasive and invasive. Speaking of portability, the market is bifurcated into portable/transportable ventilators and non-portable ventilators.
Moving on to mode, the sub-market are pressure mode ventilation, volume mode ventilation, and combined mode ventilation. With respect to end user scope, the market is categorized into emergency medical service, ambulatory care centers, home care, and hospitals and clinics.
Key players swaying global ventilators market dynamics are Smiths Group plc, Hamilton Medical, GE Healthcare, Vyaire Medical Inc., Air Liquide Group, Asahi Kasei Corporation, Getinge AB, Nihon Kohden Corporation, Drägerwerk AG & Co. KGaA, Fisher & Paykel Healthcare Corporation Limited, Medtronic plc, ResMed Inc., and Philips Healthcare. These healthcare majors are focus employing strategies like partnerships, and investments to attain a larger share of the industry.
