Ventilators Market

The global Ventilators market is foreseen to grow by 7.4%, from USD 1.35 Billion in 2021 to USD 2.39 Billion in 2029. Government initiatives toward increasing the availability of ventilators amidst the covid-19 pandemic, high prevalence of respiratory diseases, increasing number of patients transferred to intensive care units is to drive the market for the upcoming forecast period. However, dearth of skilled medical workers, over purchase of ventilators in hospitals remains one factor hindering the market growth over the anticipated period.

Market Definition

What is Ventilators?

A continuous ventilator is a device intended to mechanically control or assist patient breathing by delivering a predetermined percentage of oxygen in the breathing gas. FDA has issued EUAs to help increase the availability of ventilators and ventilator accessories, which are integral to treat patients with severe respiratory distress during the COVID-19 pandemic.

Market Overview

The Ventilators market search study helps to thoroughly understand the current trend in the market competitive analysis of the players in the emerging market. Moreover, the DRO in the Ventilators market offers valuable perspicuity and a current scenario for making the right decision. The research study covers the eminent players in the market with a detailed analysis of the company and a financial overview containing their net sales, business mix and geographical reach It mainly focuses on the key developments of the products/services offered by the company in recent years. Besides, we at Zettabyte have the expertise to analyses the global Ventilators market player's competitive landscape helping the client comprehend their specific strategic growth approaches.

Ventilators market study by "Zettabyte Analytics" offers details about the market scope, market segmentation, technological advancement in the Ventilators market and highlights the optimistic, competitive landscape and trends enduring over the years.

Major players in the Ventilators market include Air Liquide, Airon Corporation, Allied Healthcare Products, Inc., Asahi Kasei Corporation, Avasarala Technologies Limited, Axcent Medical Gmbh, Bio-Med Devices, Inc., Drägerwerk Ag & Co. Kgaa, Fisher & Paykel Healthcare Limited, Ge Healthcare, Getinge Ab, Hamilton Medical, Heyer Medical Ag, Hill-Rom Holdings, Inc., Koninklijke Philips N.V., Leistung Engineering Pvt. Ltd., Magnamed, Medtronic, Metran Co., Ltd., Nihon Kohden Corporation, Resmed, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Smiths Group Plc, Triton Electronic Systems Ltd., Vyaire Medical, Inc.

COVID-19 Impact on Global Ventilators Market

The global impact of COVID-19 has lost millions of lives with a massive cost to the healthcare system. Moreover, the treatment cost for patients with COVID-19 has also had a financial impact globally. the impact of COVID-19 on the Ventilators market has forced the companies to change their sourcing, pricing, and promotion strategies. the Ventilators market players are seen focusing more on optimizing the e-commerce networks with the rising innovations in the digital sector, which are creating new business models for the healthcare industry player.

Research Scope

The report provides market value for the base year 2021 and a yearly forecast from 2022 to 2029 in revenue (USD Million/ Billion). the market for each segment is present in North America, Europe, Asia Pacific, Latin America, Middle East & Africa, and the regional basis for the forecast mentioned above.

Key industry dynamics, regulatory scenarios, major material dynamics and ventilators market future markets are analyzed to understand their impact on demand for the forecast period. growth rates have been estimated using correlation, regression and time-series analysis.

Market Segmentation

For the purpose of this report, the global ventilators market segmented on the basis of product type, mobility, interface, mode, end user, and region:

Product Type Outlook:

On the basis of product type, the market is segmented into adult/pediatric ventilators, neonatal/infant ventilators.

Figure 1 Ventilators Market By Product Type (Market Size And Forecast By Value - USD Million, 2021 & 2029)

Mobility Outlook:

On the basis of mobility, the market is segmented into intensive care ventilators, portable/ transportable ventilators.

Interface Outlook:

On the basis of interface, the market is segmented into invasive ventilation segment, non-invasive ventilation.

Mode Outlook:

On the basis of mode, the market is segmented into combined-mode ventilation, volume- mode ventilation, pressure-mode ventilation, other ventilation modes.

Figure 2 Mode Outlook (Revenue, USD Million, 2021)

End User Outlook:

On the basis of end user, the market is segmented into ambulatory care centers, emergency medical services, home care settings, hospitals & clinics.

Regional Outlook (Revenue, USD million; 2021 & 2029)

Figure 3 Ventilators Market: Regional Dynamics