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Table of Contents
A ventilator machine is also known as a respirator or breathing machine. It is popularly referred to as life support or life sustaining equipment. Ventilator machine is used to assist to deliver breaths to a patient when they are unable to effectively breathe on their own. Ventilator machines may be used temporarily or permanently. The ventilator are able to deliver a certain amount of breathes per minute just like if the patient was breathing normally. Ventilator and tube can be removed as the patient begins to improve and breathe on their own. A ventilator greatly limits patient’s activity and movement.
A ventilator doesn't treat a disease or condition as it is primarily used only for life support. Increasing respiratory diseases with rise in number of tobacco smokers, growing demand for home care therapeutic devices, increasing pollution level with urbanization, increasing number of preterm births, rapid growth in the geriatric population and rising number of ICU beds are the key drivers which will support the industry growth during the forecast period. However, High cost and complications associated with the use of mechanical ventilators are acting as barriers for the growth of this market.
North America is the largest ventilator machine market followed by Europe due to improved healthcare infrastructure, government initiatives and support for technological advancements, and ease of reimbursement. Asia Pacific region is expected to grow at the highest CAGR during forecast period. New advancements in technology, high R&D investment by the global players, rising demand for automation and integration of multiple processes in ventilator machine, fully automated systems with built-in quality-assurance capabilities, possessing the ability to process large number of patience and new applications that are constantly evolving to support new needs in ventilator machine market which is boosting this market globally.
Ventilator Market : By Interface
Ventilator Market : By Mobility
Ventilator Market : By Type
Ventilator Market : Application
Global Ventilator Market: Competitive Analysis
Report includes accurate analysis of key players with Market Value, Company profile, SWOT analysis. The Study consists of following key players in Global Ventilator Market:
Geographical analysis of Ventilator Market :
Global Ventilator Market Report delivers a comprehensive analysis of the following parameters:
Parameters | Details |
---|---|
Base Year |
2024 |
Historical Data |
2018-2023 |
Forecast Data |
2024-2030 |
Base Year Value (2024) |
USD 2457.84 million |
Forecast Value (2031) |
USD 4158 million |
CAGR (2025-2030) |
7.8 % |
Regional Scope |
North America, Europe, Asian Pacific, Latin America, Middle East and Africa, and ROW |
Ventilator Market was valued at around USD 2457.84 million in 2023 & estimated to reach USD 4158 million by 2030.
Ventilator Market is likely to grow at Compound Annual Growth Rate (CAGR) of 7.8% between 2024 to 2030.
Ventilator Market is dominated by the Intensive Care Ventilators segment and the North America region holds the highest market share in 2023.
Some of the top key players in the Ventilator Market are Resmed, Medtronic, BD (Carefusion), Philips Healthcare, GE Healthcare, Invacare, Teijin Pharma, Fisher & Paykel, Drager Medical, DeVilbiss, eVent Medical, Getinge, Hamilton Medical, Air Liquide, Allied Healthcare Products.
Primary driving factors for the growth of the Ventilator Market include New advancements in technology, high R&D investment by the global players, rising demand for automation and integration of multiple processes in ventilator machine, fully automated systems with built-in quality-assurance capabilities.
Yes, the report includes COVID 19 impact on the market.
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