A Medical Ventilator is a device to assist respiration in critically ill patients and those requiring emergency care. The Global Medical Ventilator Market is expected to grow at a CAGR of 7.9% during the forecast period 2017-2023.
Global Medical Ventilator Market – Competitive Analysis
Koninklijke Philips N.V. is the major player in the global ventilators manufacturers. The healthcare business of the company accounts for 42% of its total global sales revenue. It has more than 450 innovative products and solutions. The company offers various Products for respiratory care and ventilation such as Respironics NM3, Respironics V680 and Respironics Trilogy 202.
Medtronic plc. is another major player in this market with the products such as Puritan Bennet 980, Newport HT70, and Newport e360. In 2015, the company acquired Covidien with the market capitalism, which was about USD 100 billion. It is one of the largest medical device manufacturers in the world.
ResMed is a global manufacturer of the machines and other products that diagnose, treat or help to manage chronic obstructive pulmonary disease (COPD), sleep-disordered breathing (particularly sleep apnea), or other respiratory conditions. It manufactures medical ventilator named Astral 150 and Astral 100.
Global Medical Ventilator Market – Major Players
Key players in Medical ventilator market are: Koninklijke Philips N.V. (the Netherlands), Medtronic (Ireland), ResMed (U.S.), General Electric Company (U.S.), Becton, Dickinson and Company (U.S.), Allied Healthcare Products Inc. (U.S), Hamilton Medical (Switzerland), Teleflex Incorporated (U.S.)
Global Medical Ventilator Market – Overview
Ventilators are also while giving anesthesia to the patient before the surgery. Ventilators may also be equipped with monitoring and alarm systems for continuous patient monitoring, backup batteries, oxygen tanks, and remote control. The Ventilator is either invasive or non-invasive and mechanical. Modern positive pressure ventilator is most widely used the type of mechanical ventilators.
The demand for ventilators is increasing with the increasing number of critically ill patients, high incidence of chronic illness among children, the prevalence of lifestyle disorders such as heart attack, respiratory diseases, and the demand for ventilators in emergency care. The risk associated with the use of ventilation is that the patients may get ventilator associated with pneumonia, which is one of the common types of hospital acquired infections if he/she is ventilated for a long time.
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The demand for the medical ventilator is increasing with the increasing number of critically ill patients. Additionally, the global ventilator market is experiencing a boost due to increasing lifestyle associated chronic diseases, environmental pollution, increasing incidence of asthma & bronchitis, and addictions. Ventilator associated pneumonia is a primary risk associated with the prolonged use of ventilators, which may act as a risk factor for this market.
Global Medical Ventilator Market – Segmentation
The Global Medical Ventilator Market has been segmented on the basis of types of ventilators, which includes non-invasive ventilators, invasive ventilators, and mechanical ventilators. Non-invasive ventilators are further segmented into volume-cycled, pressure-cycled, flow-cycled, and time-cycled ventilators. Mechanical ventilators are further segmented into positive pressure and negative pressure ventilators. On the basis of applications, the market is segmented into critical care, neonatal care, emergency care, and others.
Global Medical Ventilator Market – Regional Analysis
The global medical ventilators market consists of four regions: Americas, Europe, Asia Pacific and the Middle East & Africa. Americas is the largest market for medical ventilators in the globe, whose growth is contributed to the increasing prevalence of smoking leading to lung diseases, the significant number of patients having chronic heart diseases, and the demand for mechanical ventilators. The market is growing continuously in Europe due to the great demand for medical devices in hospitals, and increasing healthcare expenditure. Owing to increasing environmental pollution, high incidence of asthma & chronic obstructive pulmonary diseases, and large patient pool, Asia Pacific is expected to be the fastest growing market over the forecast period. The Middle East & Africa shows steady growth in this market and expected to continue during the forecast period.
Major Table of Content
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.2 Scope of the Study
2.2.1 Research Objective
Chapter 3. Research Methodology
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
List of Tables
Table 1 Medical Ventilator Industry Synopsis, 2017–2023
Table 2 Global Medical Ventilator Market Estimates & Forecast, 2017–2023, (USD Million)
Table 3 Global Medical Ventilator Market, By Region, 2017–2023, (USD Million)
Table 4 Global Medical Ventilator Market, By Type, 2017–2023, (USD Million)
List of Figures
Figure 1 Research Process
Figure 2 Segmentation for Global Medical Ventilator Market
Figure 3 Segmentation Market Dynamics for Medical Ventilator Market
Figure 4 Global Medical Ventilator Market Share, By Type 2016
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