Increasing number of patients suffering from respiratory disorders, expanding geriatric population, rise in cases of premature births, and emergence of infectious diseases are the major factors driving the growth of the global ventilator market. The emergence and rapid expansion of COVID-19 has disrupted the supply chain of the ventilator market worldwide.
A patient affected with COVID-19 suffers from multiple organ failure, with lung being the most severely impacted organ. This has accelerated the demand for ventilators to supply oxygen externally. The ventilator manufacturers witness immense pressure due to sudden increase in demand and are focusing on supplying ventilators through high production throughput.
To cope up with the unmet demand for ventilators, automotive manufacturers such as Mahindra, Fiat, and Ferrari have participated in the designing and manufacturing of ventilators. However, the demand is rising rapidly due to rapid increase in the number of COVID-19 patients worldwide. The global ventilator market is witnessing significant shift and is anticipated to be highly dynamic during coming years.
North America contributed the largest share to the global Ventilator market in 2019 owing to strong prevalence of respiratory disorders, presence of leading manufacturers, and robust healthcare infrastructure. Due to the impact of COVID-19 the demand for ventilators has soared across the United States and is anticipated to witness increased demand in coming years.
The healthcare authorities across the United States are anticipated to work in close conjunction with the equipment manufacturers to strengthen the healthcare infrastructure, which is anticipated to fuel the growth of ventilator market during the forecast period.
Asia Pacific contributed a prominent share to the global ventilator market in 2019 and is anticipated to be the fastest growing geographic segment during the forecast period. The shift in manufacturing of healthcare equipment from China to other Asian countries is anticipated to spread its roots in coming years, reshaping the healthcare equipment manufacturing industry.
The report titled “Ventilator Market - Global Market Share, Trends, Analysis and Forecasts, 2023-2032”, wherein 2021 is historic period, 2022 is the base year, and 2023 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the global ventilator market.
Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market. For instance, Medtronic plc reported revenues of USD 30,557 million in 2019 and the product segment analysis of the company indicates that Cardiac & Vascular Group business segment of the company dominated revenue in 2019.
The global ventilator market is segmented based on type, interface, mobility, end user, and geography. Based on type, the global ventilator market is segmented into adult ventilators, and neonatal ventilators. Based on interface, the global ventilator market is segmented into invasive ventilators and non-invasive ventilators. Based on mobility, the global ventilator market is segmented into intensive care/ fixed ventilators and portable ventilators. Based on end user, the global ventilator market is segmented into hospitals, home care, ambulatory surgical centers, and others. Based on geography, the global ventilator market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment, and would identify the segment of the company focusing on Ventilator. Further, market share of prominent companies in the global Ventilator market would also be estimated.
For instance, Medtronic plc operates through four business segments namely Cardiac & Vascular Group, Minimally Invasive Therapies Group, Restorative Therapies Group, and Diabetes Group. The Ventilator products are delivered under Minimally Invasive Therapies Group business segment of the company with revenue contribution of US$ 8,478 million in 2019.
The study takes into consideration the key competitive information such as business strategy, product portfolio, key development, SWOT analysis, and research and development focus of all the ventilator companies.
The global ventilator market study would take into consideration the participants engaged throughout the supply chain and value chain of the market, along with their contribution.
Product portfolio would focus on all the products under the ventilator business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the global ventilator market.
Major players active in the global ventilator market include Allied Healthcare Products, Inc., Becton, Dickinson and Company, Draeger Medical, Fisher & Paykel, GE Healthcare, Getinge, Hamilton Medical, Koninklijke Philips N.V., Maquet Holding B.V. and Co. KG, Medtronic plc, ResMed, Smiths Medical, and Teleflex.
The Global Ventilator Market Is Segmented As Below:
Based On Type
Based On Interface
Based On Mobility
Based On End User
By Geography :
Increasing number of patients suffering from respiratory disorders, expanding geriatric population, rise in cases of premature births, and emergence of infectious diseases are the major factors driving the growth of the global ventilator market.
The major active players are llied Healthcare Products, Inc., Becton, Dickinson and Company, Draeger Medical, Fisher & Paykel, GE Healthcare, Getinge, Hamilton Medical, Koninklijke Philips N.V.
Based on type, the Ventilator market is segmented into Adult Ventilators and Neonatal Ventilators.
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