A ventilator is a medical device that assists patients in breathing. It is a type of breathing support in which an endotracheal tube is inserted into the patient’s airway and attached to the ventilator. When a patient is under anesthesia, they are frequently utilized to put them to sleep without affecting with normal breathing. This device can be used to measure static compliance of airway resistance and irregular respiratory system performance as a diagnostic tool. Since the failure of ventilators can result in death, they are categorized as a life-critical system that must be highly reliable.
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Rise in public and private hospitals is expected to propel the global ventilators market growth during the forecast period
According to the World Health Organization (WHO) fact sheet 2015, chronic obstructive pulmonary disease (COPD) resulted in the deaths of around 3 million people, accounting for 5% of all deaths. Medical ventilators are utilized in situations where chronic diseases such as chronic obstructive pulmonary disease (COPD), bronchitis, and asthma are on the rise, as well as an increase in the number of accidental instances. Rising incidence rate of preterm birth, respiratory diseases, growth in the geriatric population, rising pollution levels, changing people’s lifestyles and habits such as smoking and drinking, which increase the risk of respiratory infections, lung diseases, and cancer, are fueling the growth of the global ventilators market.
According to the World Health Organization (WHO), around 15 million infants are born preterm each year, resulting in 1 million deaths in 2015. According to the survey, three-quarters of these deaths could be avoided with current cost-effective treatments. Complications related with the use of medical ventilators, such as patient and physician reluctance to technology transition, disorders such as barotrauma, lung injury, pneumonia, and the high cost of medical ventilators, are some of the reasons limiting the global ventilators market’s growth.
Coherent Market Insights divides the global ventilators market into five regions namely North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The ventilators market is dominated by North America, followed by Europe. According to the American Heart Association, about 92.1 million adults in the U.S. suffer from cardiovascular disease or stroke-related problems in 2017.
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According to a study conducted by Columbia University’s Department of Anesthesiology in 2014, ICU occupancy in the U.S. ranged from 57.4 % to 82.1 %, with the number of beds filled with mechanically ventilated patients ranging from 20.7 % to 38.9 %, fueling the ventilators market in North America. Elderly population, investments to address the lack of ventilators, the increase of private hospitals in rural areas, and a growing economy are all propelling the ventilators market in Asia Pacific.
According to a survey conducted by the Public Library of Science in 2016, functional mechanical ventilators were available for just half of the ICU beds in China (5.1 mechanical ventilators/100,000 people), showing a significant shortage of medical resources in China’s healthcare settings.
Key players are releasing technologically upgraded products to maintain their dominance in the global ventilators market.
Major companies operating in the global ventilators market include ResMed Inc., Dragers Group, Hamilton Medical, Teleflex Inc., Philips Healthcare, GE Healthcare, Becton, Medtronic Plc, and Smiths Group Plc. To maintain their dominance in the global ventilator market, market players are focusing on releasing innovative products. For instance, Smiths Medical’s PNEPAC para-PAC medical ventilator was recently approved by the U.S. Food and Drug Administration (FDA) in 2014, and it provides improved control of breathing parameters as well as MRI compatibility, allowing for maximum flexibility in transportation within the medical setting. Manufacturers use methods such as mergers and acquisitions with local and international companies, as well as a focus on technological developments, to maintain their position in the global ventilators market.
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Table of Content
Global Ventilators Market Research Report
Section 1: Global Ventilators Industry Overview
Section 2: Global Economic Impact on Ventilators Industry
Section 3: Global Market Competition by Industry Producers
Section 4: Global Productions, Revenue (Value), according to Regions
Section 5: Global Supplies (Production), Consumption, Export, Import, geographically
Section 6: Global Productions, Revenue (Value), Price Trend, Product Type
Section 7: Global Market Analysis, on the basis of Application
Section 8: Ventilators Market Pricing Analysis
Section 9: Market Chain, Sourcing Strategy and Downstream Buyers
Section 10: Strategies and key policies by Distributors/Suppliers/Traders
Section 11: Key Marketing Strategy Analysis, by Market Vendors
Section 12: Market Effect Factors Analysis
Section 13: Global Ventilators Market Forecast
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