According to the new market research report "Ventilators Market by Mobility (Intensive Care, Portable), Type, Mode (Volume, Pressure, Combined), Interface (Invasive, Non-invasive), End-User (Hospital, Clinic, Home Care, ACC, Emergency Medical Services), Region - Global Forecast to 2026", published by MarketsandMarkets™, the global market is projected to reach USD 1.9 billion in 2026 from USD 1.4 billion in 2021, at a CAGR of 7.6% during the forecast period.
Browse and in-depth TOC on "Ventilators
Market"
212 - Tables
61 - Figures
267 - Pages
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A ventilator, breathing machine, or respirator is a
machine that assists with breathing. It is mainly used in hospitals to treat
chronic obstructive pulmonary disease (COPD), sleep apnea, acute lung injury,
and hypoxemia. Over the years, the Ventilators Market has evolved significantly
due to technological advancements, such as developing advanced portable
ventilators and improvements in the sensor technologies used in ventilators. The
increasing number of preterm births, rapid growth in the geriatric population,
rising prevalence of respiratory diseases, rising number of ICU beds, and
rising number of COVID-19 patients are expected to drive growth in the market
during the forecast period. The emergence of home healthcare has opened new
avenues for the ventilator market. Convenience and comfort in the home care
environment, coupled with cost advantages, are the other major factors driving
growth in the home healthcare market for ventilators.
By mobility, the intensive care segment is expected
to account for the largest share of the Ventilators Market
The intensive care segment accounted for the largest
share of the global ventilator market in 2020. The large share of the intensive
care ventilators segment can be attributed to the rising number of intensive
care beds equipped with ventilators. Increasing ICU admissions due to COVID-19
and re-admissions in developed countries, coupled with appropriate
reimbursements, are also responsible for the large share of the ICU ventilators
segment.
On the basis of type, adult/pediatric ventilators
segment is expected to account for the largest share of the Ventilators Market
Based on type, the ventilator market is segmented
into adult/pediatric ventilators segment and neonatal/infant ventilators. The
adult/pediatric ventilators segment accounted for the largest share of the
market in 2020. The large share of the adult/pediatric ventilators segment can
be attributed to the large adult population suffering from COVID-19, the
growing incidence of chronic diseases such as COPD & asthma, the growing
number of smokers, and the rising geriatric population.
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On the basis of interface, invasive ventilation
segment is expected to account for the largest share of the Ventilators Market
Based on interface, the invasive ventilation segment
accounted for the largest share of the Ventilators Market in 2020. Growth in
the invasive ventilation market can be attributed to the increasing severity in
COVID-19 patients and the rising prevalence of respiratory diseases,
neurological diseases, and sleeping disorders.
On the basis of mode, the combined-mode ventilation
segment is expected to account for the largest share of the Ventilators
Market
Based on mode, the combined-mode ventilation segment
accounted for the largest share of the market in 2020. The large share of this
segment can be attributed to its advantages over conventional pressure-mode
ventilation and volume-mode ventilation. The ability of combined-mode
ventilation to provide both modes of ventilation makes it a desirable product
in the market.
On the basis of end user, hospitals & clinics
segment holds the highest market share in the Ventilators Market
Based on end user, the hospitals & clinics
segment is likely to dominate the ventilator market during the forecast period
is attributed to the financial capabilities of hospitals to purchase
high-priced instruments and the availability of trained professionals to
operate ventilators. Market growth is also driven by the rapidly increasing
incidence of coronavirus disease. The COVID-19 outbreak has not only created
pressure on healthcare resources but has also increased the number of hospital
admissions.
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North
America to dominate the Ventilators Market during the
forecast period
The ventilator market in North America dominated
the market in the forecast period. The rising geriatric population, growing
number of smokers, high prevalence of respiratory diseases, increasing COVID-19
patient volumes, highly developed healthcare system, high healthcare
expenditure, and major market players in the US are the key factors driving the
market in North
America.
Prominent players in the Ventilators Market include
Koninklijke Philips N.V. (Netherlands),
ResMed (US), Medtronic (Ireland),
Fisher & Paykel Healthcare Limited (New
Zealand), Drägerwerk AG & CO. KGAA (Germany),
Nihon Kohden Corporation (Japan),
Getinge AB (Sweden),
Asahi Kasei Corporation (Japan),
Air Liquide (France),
Vyaire Medical, Inc. (US), GE Healthcare (US), Hamilton Medical (Switzerland),
Smiths Group plc (UK) and Allied Healthcare Products, Inc. (US).
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