Global Ventilator Market was valued at US$ 2.1 Bn in 2019 and is expected to reach US$ 7.8 Bn by 2026, at a CAGR of 17.82 % during a forecast period.

Global Ventilator Market

Global Ventilator Market

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Ventilators offer serious care support to patients. It is mainly used in intensive care medicine, home care, and emergency medical service.
Global Ventilator Market Dynamics:

The adoption of the ventilator is increasing with the high incidence & prevalence of many chronic respiratory disorders across the globe. Some of the factors behind the global ventilator market growth are as follow:
An Increase in Respiratory Disease Incidences:
The rise in prevalence of lung and respiratory diseases like chronic obstructive pulmonary disease (COPD) and bronchial asthma are expected to increase the demand for ventilators. Also, the growth in concern of air pollution is increasing the risk and severity of respiratory infections and lung diseases, which is leading to ventilator demand at a rapid rate.
Growth in the geriatric population:

Life expectancy has grown at a rapid rate across the globe. The life expectancy is expected to increase majorly because of the advancement in diagnostic technology and medical. Growth in the elderly population, the occurrence of cardiovascular diseases, stroke, and diabetes are expected to boost the global ventilator market growth.
On the other hand, some of the complications, side-effects related to ventilator usage and lack of trained medical staff are some of the factors, which are expected to limit the global ventilator market growth.
Covid-19 Impact on Global Ventilator Market:

With coronavirus rapidly spreading across the globe, leading domestic ventilator manufacturers have doubled their production capacity. A novel coronavirus strain has led to a rapid rate of respiratory infections and deaths, which also has increased the demand for ventilators. During the exponential growth in coronavirus cases across Europe, North America, and the Asia Pacific, Carmakers have shuttered car production and have responded to a government demand to switch to the production of ventilators for hospital use.
Global Ventilator Market Segment Analysis:

The hospitals & clinics segment is expected to contribute XX% share in the global ventilator market. As the population is expected to grow at an exponential rate, the demand for the ventilator is increasing. The Hospitals & clinics are focusing on the deployment of the treatment for life-threatening emergencies, acute exacerbation of chronic illnesses and many routine health problems that nevertheless require prompt action.
The availability of the range of services in the hospitals & clinics, which are offered as emergency treatment to patients suffering from life- or limb-threatening conditions is driving the market growth. Life-threatening situations like acute myocardial infarction or heart attack, Cerebrovascular Accident (CVA) or stroke, extreme difficulty in breathing, severe bleeding, acute abdominal pain are increasing rapidly across the globe, which is expected to increase the demand for ventilators.
Global Ventilator Market Regional Analysis:

The Asian healthcare sector is the new centre of gravity with the l healthcare infrastructure. The robust fundamentals like the presence of the large ageing population, affluence, and incidence of chronic diseases are some of the driving factors behind the market Asia-Pacific ventilator market growth.

The growth in the regional market is attributed to the rise in the geriatric population and the growing number of coronavirus affected patients. India is projected to grow at an XX% rate of CAGR during the forecast period. In 2020, the pandemic has highlighted the critical shortage of ventilators and other healthcare infrastructure in the country that is expected to increase the demand for ventilators across the country. Key players operating in the region have created huge capacities in tie-up with automobile makers like Maruti, Mahindra & Mahindra, Tata Motors, Hyundai India and Kalyani Group.

Global Ventilator Market Regional Analysis
Global Ventilator Market, Competitive Analysis:

With the demand for ventilator devices, manufacturers are working to increase production and build these life-saving machines. Indian key companies have responded efficiently to the Covid-19 pandemic by tracking innovation, refurbishing assembly lines and ventilators in record time.
The objective of the report is to present a comprehensive analysis of the Global Ventilator Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.

The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear
futuristic view of the industry to the decision-makers.

The report also helps in understanding the Global Ventilator Market dynamics, structure by analyzing the market segments and projects the Global Ventilator Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Ventilator Market make the report investor’s guide.

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Global Ventilator Market
Global Ventilator Market, by Region

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Global Ventilator Market Key Players

• Becton, Dickinson and Company
• Koninklijke Philips N.V.
• Hamilton Medical AG
• Fisher & Paykel Healthcare, Limited
• Draegerwerk AG CO. KGaA
• Medtronic PLC
• GE Healthcare
• Philips Healthcare
• Smiths Group PLC
• Resmed, Inc
• Maquet Holding B.V. & Co. KG
• Vyaire Medical Inc
• Getinge Ab
• Allied Healthcare Products
• Nihon Kohden Corporation
• Air Liquide
• Asahi Kasei Corporation
• Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
• Axcent Medical Gmbh
• Metran Co., Ltd
• Magnamed
• Leistung
• Avasarala Technologies Limited

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