Ventilator Market By Type (Adult and Infant), By Mobility (Intensive Care and Portable), By Mode (Pressure, Volume, and Combined Mode of Ventilation), By Interface (Invasive and Non-invasive), and By End User (Ambulatory Care Center, Hospital, Home Care, and Emergency Medical Services (EMS)) – Global Analysis & Forecast 2020-2030
Report ID : 296 | Published Date : Jun 2020 | Pages : 160 | Region : Global | Report Code : MD-86
Ventilator Market Introduction & Overview
A ventilator is a machine designed to assist patients to provide a part or all of the work a body must do to exchange gas into and out of the lungs i.e., oxygen and carbon dioxide.It is sometimes referred to as artificial respiration. Ventilatorsprovidea life-saving treatment that helps people to breathe when they are unable to do soon their own. A ventilator is attached to the patient with the help ofa tube that is positioned in their mouth or nose and inserted into the windpipe (a procedure known as intubation). The ventilator then delivers oxygeninto the lungs &the body and helps to get rid of carbon dioxide through the lungs. It reduces the amount of energy that a patient requires to breathe so that their body can concentrate on combating illness or healing.Emergency Medical Services (EMS) and home care services provide out-of-hospital acute medical care including ventilation to critical patients. EMSprovides treatment to those in need of urgent medical care and need to be transferred to the nearest hospital in a stabilized condition while home care includes devices and services for home care settings and reduce hospital visits.
The ventilator market is driven by factors such as rapid urbanization, technological advancements in the healthcare sector, therising number of life-threatening diseases outbreaks, and the growing number of aging populationsacross the world.Moreover, improving economies, developing healthcare services, and increasing preterm births are further adding to growth of the ventilator market. However, physicians'aversion to technological transition limitstheir use and inappropriate reimbursement scenariosare hampering the ventilator market to a certain extent.
The global ventilatormarket can be segmented intotype, mobility,mode, interface,end-user, and region.
Ventilator Market By Type
Based on type, the marketcan be segmented intoadult/pediatric ventilators and infant/neonatal ventilators. The adult ventilators segment is expected to account for the largest market share, owing to factors such as increasing global geriatric population, pollution, and prevalence of respiratory diseases among the aging population, among others.
VentilatorMarket By Mobility
Based on mobility, the market can be classified intointensive care and portable/transportable ventilators. The ICU ventilators segment dominated the market and the portable ventilators segment is expected to grow at the fastest CAGR during the forecast period. The flexibility, low cost, and user-friendliness of portable ventilators are driving the demand for portable ventilators.
VentilatorMarket By Interface
Based on the interface, the market can be classified into invasive and non-invasive ventilation. The invasive segment dominated the market during the forecast period due to applications in sleeping disorders, respiratory diseases, and neurological diseases
Ventilator Market By End User
Based on the end-user, the market can be classified into ambulatory care centers, hospitals, home care, and EMS. The home care segment is expected to grow at the fastest CAGR during the forecast period.The cost-effective designs of home care systems as compared to hospital visits, growing awareness among patients regardingadvanced technologies, growing healthcare expenditure andthe increasing adoption of home healthcare productsare the major factorsboosting growth of the home care segment.
Ventilator Market By Region
Based on region, the market can be segmented into North America, Europe, Asia-Pacific, and the Rest of the World (ROW). North America dominated the global ventilatormarket followed by Europe, owing to the highly developed healthcare system, the prevalence of respiratory diseases, and the rising number of aging populations. Moreover, urbanization, an unhealthy lifestyle, increasing pollution levels, and technological advancements have played a pivotal role in propellingmarket growth in this region.However, Asia Pacific is expected to register the highest CAGR during the forecast period owing to rapid urbanization, growing adoption of advanced technologies, and improved healthcare facilities.
Ventilator Market Prominent Players
Some of the key players operating in theventilatormarket include Koninklijke Philips N.V., ResMed, GENERAL ELECTRIC COMPANY, VYAIRE MEDICAL, INC., Hamilton Medical, Medtronic, Drägerwerk AG & Co. KGaA, Fisher & Paykel Healthcare Limited., ZOLL Medical Corporation, Air Liquide Medical Systems, and others.