Medical Ventilator Market Scenario:
A medical ventilator is a device to assist respiration in critically ill patients and those requiring emergency care. 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. Medical Ventilator Market 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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Some of the key players in the Medical Ventilators market are Koninklijke Philips N.V. (the Netherlands), Medtronic (Ireland), Dickinson and Company (U.S.), Hamilton Medical (Switzerland), Allied Healthcare Products Inc. (U.S.), ResMed (U.S.), Teleflex Incorporated (U.S.), General Electric Company (U.S.), and Becton (U.S.)
Oct 2018, an Asahi Kasei Group company named ZOLL Medical Corporation, which manufactures medical devices and relevant software solutions, announced the introduction of Z Vent transport ventilator for usage in pre- and intra-hospital. The Z Vent possesses a simple Touch, Turn, and Confirm interface that makes ensures quick setting changes. The move is aimed at removing the complexity that is associated with various portable ventilators.
Nov 2018, world-renowned technology company announced that its V60 Plus Ventilator has received the CE Mark of approval. The Ventilator is designed to ensure optimal efficiency and enhance clinician workflow.
The market segmentation of the medical ventilators is segmented in terms of type and application.
- By type, the market includes invasive, non-invasive, and mechanical ventilators. The non-invasive ones are further sub-segmented into pressure-cycled, volume-cycled, time-cycled, and flow-cycled ventilators. Mechanical ventilators are narrowed down into negative-pressure ventilators and positive pressure ventilators.
- By applications, the market includes emergency care, critical care, neonatal care, and others.
The regional analysis of Medical Ventilators provides us with a better overview of the market. The market comprises of four major regions: Asia-Pacific, the Middle East & Africa, Americas, and Europe.
Americas is the largest market player of medical ventilators worldwide with over 60% of the global share due to a number of factors. The increasing incidences of lifestyle-based diseases leading to disorders like asthma, bronchitis, chronic obstructive pulmonary diseases, and other disorders are driving the market growth in this region. Additionally, an increasing percentage of patients in critical state, increasing surgical procedures, rising smoking addiction, and the presence of a wide-array of medical device manufacturers in the US are all key factors boosting the market growth.
Europe comes in second in terms of market growth and much of it can be attributed to the growing population of chronic respiratory diseases, demand for mechanical ventilators, and other factors.
Asia Pacific is slated to be the fastest-growing regional market. The wide-spread prevalence of respiratory and chronic heart diseases, threatening environmental pollution, and the presence of a large patient pool are all projected to contribute to the growth of the market herein. Lastly, the Middle East & Africa is expected to show slow and steady progress during the assessment period.
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Table of Contents
- Report Prologue
2.2 Scope of The Study
2.2.1 Research objective
2.3 Market Structure
2.4. Market Segmentation
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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