Ventilator Market Overview:
As per Maximize Market Research, a global business research and consultancy firm, the total global market for “Ventilator Market” size was valued at USD 1.1 Bn. in 2022 and the total Ventilators revenue is expected to grow at 8.2% from 2023 to 2029, reaching nearly USD 1.92 Bn.
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Ventilator Market Dynamics:
Among the most prevalent respiratory conditions worldwide are COPD and asthma. 3.23 million deaths in 2019 were attributed to COPD, which is the third leading cause of death globally, according to the WHO. Over 80% of these fatalities took place in developing and middle-income countries. An estimated 380 million individuals worldwide suffer from COPD. Patients with undiagnosed COPD are common in China, India, Brazil, and Eastern Europe. Globally, COPD costs the healthcare systems $50 billion annually.
Ventilator Market Segmentation:
by Mobility
1. Intensive care ventilators
2. Portable/ transportable ventilators
by Type
1. Adult/pediatric ventilators
2. Neonatal/infant ventilators
by Interface
1. Invasive ventilation segment
2. Non-invasive ventilation
The non-invasive ventilation market segment, as measured by Interface, held the largest market share in 2022 and is anticipated to increase at a CAGR of 7.7% through the end of the forecast period, maintaining its dominance. Non-invasive ventilators are used in a variety of applications, and their ability to deliver precise and higher oxygen concentrations is a key factor in the segment's growth. Utilising contemporary intensive-care ventilators with a variety of respiratory support modes, non-invasive ventilation can be provided.
The expansion of the overall market is fueled by significant R&D expenditures in the healthcare sector as well as rising per capita income. An increase in the number of patients with respiratory conditions is the main factor fueling the market for Continuous Positive Airway Pressure (CPAP) devices.
by Mode
1. Combined-mode ventilation
2. Volume-mode ventilation
3. Pressure-mode ventilation
4. Other ventilation modes
by End User
1. Hospitals & clinics
2. Home care settings
3. Ambulatory care centers
4. Emergency medical services
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Ventilator Market Scope and Methodology
The primary source involved interviews with significant market leaders and industry experts including business owners and marketing specialists while secondary sources are a combination of the reviews of the financial and annual reports of top manufacturers. For better information on market penetration, competitive landscape demand analysis, and regional analysis are taken at the local, regional, and global levels. The report analyses an estimation of the market size of the Ventilator market along with current as well as future trends. The report provides an in-depth analysis of the key development, marketing strategies, supply side and demand side indicators and company profiles of the market owners, market leaders, potential players and new entrants. The bottom-up approach was used in the report to estimate the Ventilator Market. The primary and secondary data sources were used to collect data.
Ventilator Market Key Players:
1. ResMed (US)
2. Medtronic(US)
3. Bio-Med Devices, Inc.(US)
4. Hill-Rom Holdings, Inc.(US)
5. Vyaire Medical, Inc.(US)
6. Allied Healthcare Products, Inc.(US)
7. Avasarala Technologies Ltd(US)
8. GE Healthcare(US)
9. Fisher & Paykel Healthcare Limited(US)
10. Drägerwerk AG & CO. KGAA (Germany)
11. aXcent Medical GmbH (Germany)
12. HEYER Medical AG(Germany)
13. Metran Co., Ltd.(Japan)
14. Nihon Kohden Corporation (Japan)
15. Asahi Kasei Corporation(Japan)
16. Air Liquide (France)
17. Hamilton Medical (Switzerland)
18. Smiths Group plc.(UK)
19. Shenzhen Mindray Bio-Medical Electronics Co., Ltd.(China)
20. MAGNAMED (Brazil)
21. Airon Corporation(US)
22. TRITON Electronic Systems Ltd.(Russia)
23. Leistung Engineering Pvt. Ltd.(India)
24. Koninklijke Philips N.V.(Netherlands)
25. Getinge AB (Sweden)
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Ventilator Market Regional Insights:
The Ventilator market demonstrates extensive segmentation across North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The report offers a comprehensive evaluation of various aspects, encompassing factors, market dimensions, growth pace, and regional import-export dynamics. This analysis delves into both local and country levels within each region.
Key questions answered in the Ventilator Market are:
- What is Ventilator?
- What was the Ventilator market size in 2022?
- What are the different segments of the Ventilator Market?
- What growth strategies are the players considering to increase their presence in Ventilator?
- What are the upcoming industry applications and trends for the Ventilator Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Ventilator Market?
- Who are the key players in the Ventilator market?
- What segments are covered in the Ventilator Market?
- Who are the leading companies and what are their portfolios in Ventilator Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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