There are many disorders and infections of the respiratory system. Infections occur more frequently in the respiratory tract than in any other organ in the body. Some of the examples of upper respiratory infections include the common cold, sinusitis, and influenza (flu). Lower respiratory problems include infections such as bronchitis and pneumonia, and disorders like emphysema and asthma. However, the severity in the case can leads to COPD, in which there is reduced airflow in and out of the lungs. It is associated with diseases such as emphysema and chronic bronchitis. Ventilatory intervention is often life-saving when patients with asthma or chronic obstructive pulmonary disease (COPD) experience acute respiratory compromise. Thus, the adoption of ventilator is increasing in the high-risk patients with rising incidence & prevalence of various chronic respiratory disorders across the globe. “Meticulous Research” in its latest publication states that, the “global Ventilators Market is expected to grow at a CAGR of 7.2% from 2018 to 2023 to reach $2,636.2 million by 2023.”
This growth is primarily driven by increasing burden of chronic pulmonary diseases with rising geriatric population, rise in sedentary lifestyle, excessive consumption of tobacco, rising level of air pollution due to urbanization, and increasing incidence of preterm births.
Intensive care unit (ICU) is a place where critically ill patients are admitted for intensive care. According to Society of Critical care statistics, more than 5.7 million patients are admitted to the ICUs annually in the U.S. Approximately 20% of acute care admissions and ~58% of emergency department admissions are subsequently moved to the intensive care units. In addition, according to the National Hospital Ambulatory Care Survey, the number of ICU admissions in the U.S. is significantly increasing since last decade. For instance, the number of ICU admissions in the U.S. has increased from 2.79 million in 2003 to 4.14 million in 2009. Similarly, according to the NHS Digital (Health and Social Care Information Centre) U.K. official statistics, the number of adult critical care admission records in the country has increased to 284,941 in 2015-16 from 256,846 in 2012-13.
Moreover, the number of beds in intensive care units is continuously increasing across the globe. For instance, according to the Center of Medicare and Medicaid Services, the number of beds in the ICUs of the U.S. has increased by 15% from 67,597 beds in 2000 to 77,809 beds in 2009.
Mechanical ventilation is one of the most common interventions implemented in the ICUs. Most of the patients admitted in ICU need ventilator support due to primary shortness of breath occurred due to respiratory/pulmonary diseases or due secondary shortness of breath associated with reduced normal bodily response in patients with other chronic diseases. Hence, increase in the number of intensive care or critical care units, ICU beds, and admissions in ICU across the globe are expected to increase the demand for ventilators during the forecast period.
The report provides meticulous analysis of ventilators market by segmenting it on the basis of Product (ventilator instrument, consumables), Mobility (Intensive Care, Portable), Interface (Invasive, Non-invasive), Age group (Adult, Infant), Mode (Volume, Pressure, Dual), End User (Hospital, Home Care, ASC) and Geography.
The key players analyzed in the Ventilators Market are Philips Healthcare (Netherlands), ResMed Inc. (U.S.), Medtronic Plc (Ireland), Maquet Holding B.V. & Co. Kg (Germany), Drägerwerk AG & Co. KGaA (Germany), Smiths Group Plc (U.K.), Getinge AB (Sweden), GE Healthcare (U.S.), Becton, Dickinson and Company (U.S.), Fisher & Paykel Healthcare Limited (New Zealand), Air Liquide Medical Systems (France), Hamilton Medical AG (Switzerland), ZOLL Medical Corporation (U.S.), Allied Healthcare Products (U.S.), Airon Corporation (U.S.), Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China), and Schiller AG (Switzerland).
Browse in-depth Report and TOC on https://www.meticulousresearch.com/product/ventilators-market-2023/
Key Topics Covered in This Report:
- Research Methodology
- Executive Summary
- Market Share Analysis
- Market Insights
- Global Ventilators Market, By Product
- Global Ventilators Market, By Interface
- Global Ventilators Market, By Age Group
- Global Ventilators Market, By Mobility
- Global Ventilators Market, By Mode
- Global Ventilators Market, By End User
- Geographic Analysis
- Competitive Landscape
- Company Profiles
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