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Global Ventilators Market to Witness Robust Growth in the Forecast Period of 2022-2027, Driven by Technological Advancements and Governments Initiatives in the Medical Infrastructure

According to a new report by EMR titled, ‘Global Ventilators Market Report and Forecast 2022-2027’, the global ventilators industry attained a value of about USD 5.1 billion in 2020. The industry is likely to witness robust growth in the coming years owing to the rising cases of chronic diseases, especially due to the complications due to coronavirus.

The global ventilator industry is primarily driven by the growth in North America and the Asia Pacific. The maximum installed ventilators are in the United States, China, and India. The Asia Pacific region has held a major share in the ventilators market. It is expected to continue in the forecast period, owing to the presence of a huge population and emerging economies in this region. In addition, the Middle East and Africa region is anticipated to register a high growth rate, owing to various factors, such as improvements in the medical infrastructure, increasing government initiatives, rising medical tourism, and rising demand for quality healthcare. In addition, the rise in requirements of portable ventilators for homecare and emergency usage presents great opportunities in the ventilators market.

In March 2020, GE Healthcare (NYSE: GE) and Ford Motor Company (NYSE: F) announced that they are working together to manufacture ventilators for COVID-19 patients. In addition, in Apr-2020, Royal Philips (AMS: PHIA) has announced its plan to up hospital ventilators production to 4000 per week and launched a new ventilator 15000 per week. All these launches and alliances are expected to augment the growth of the global ventilator market.

Market Analysis by Mobility, Interface, Type, Mode, End-User, and Region:

  • Based on mobility, the industry can be divided into intensive care ventilators and portable/transportable ventilators.
  • Based on interface, the market can be segmented into invasive and non-invasive ventilation.
  • On the basis of type, the market can be divided into adult/paediatric ventilators and infant/neonatal ventilators.
  • Based on mode, the market can be segmented into combined-mode ventilation, pressure-mode ventilation, and volume-mode ventilation, among others.
  • Based on end-user, the market can be segmented into hospitals and clinics, home care, ambulatory care centres, and emergency medical services, among others.
  • The regional markets for ventilators include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • Technological advancements, growing demand for home care therapeutics, and emerging markets are leading to market growth.
  • Improvements in the medical infrastructure, increasing government initiatives, and R&D investments are expected to augment the market growth.
  • The rise in preterm births and an increasing number of ICU beds are key drivers for the market.
  • New launches and alliances among major players in the market are expected to boost the market's growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global ventilators market for the periods (2017-2021) and (2022-2027).
  • The report also offers the historical (2017-2021) and forecast (2022-2027) markets for the mobility, interface, type, mode, end-user, and region of ventilators.
  • It assesses the regional price trends for the (2017-2021) and (2022-2027) periods.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global market for ventilators are Philips Healthcare, ResMed Corp., Medtronic plc, Vyaire Medical Inc., and Smiths Group plc, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

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