Written by Wasi » Updated on: January 24th, 2025
Ventilators are essentially required when a patient is suffering from injury or illness like COVID-19, as they support individuals with impaired lung function during the recovery process. The mounting incidence of chronic & acute respiratory disorders, especially among the rapidly rising elderly population, coupled with the subsequent increase in ICU admissions to treat such illnesses, further propelling the exponential demand for ventilators globally. Additionally, with the growing incidence of COPD, there are rapidly increasing hospital admissions for its treatment, i.e., instigating the demand for critical care equipment like ICU beds, ventilators, & patient monitoring systems, among others, and, in turn, driving the overall market expansion.
A ventilator is a machine that provides mechanical or artificial ventilation to patients who can't breathe adequately due to chronic or acute respiratory conditions. Invasive and non-invasive are two types of ventilators used in different healthcare facilities like hospitals (ICUs & emergency rooms), clinics, ambulatory care centers, and households. The demand for ventilators is constantly rising, especially after the advent of Covid-19. Since then, manufacturers have been actively working on increasing their production & distribution capacities to bridge the global demand-supply gaps.
The ventilators are classified in:
With widespread procedures, ventilation comprises some risks, such as:
The report covers “Global Ventilator Market Research Report: By Type (Adult/Pediatric Ventilation, Infant/Neonatal Ventilation), By Interface (Invasive Ventilation, Non-Invasive Ventilation), By Mode (Combined-Mode Ventilation, Volume-Mode Ventilation, Pressure Mode Ventilation), By Mobility (Portable, Intensive Care Unit) By End-User (Hospitals and Clinics, Homecare, Ambulatory Care Centers, Emergency Medical Services), By Country (US, Canada, Mexico, Brazil, Argentina, UK, Germany, Italy, Spain, China, India, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Nigeria) Forecast (2023-2028)”, According to the report, the Global Ventilator Market is projected to grow at around 13% CAGR during the forecast period, i.e., 2023-28.
Patients using ventilators face various challenges such as VAP (Ventilator-Associated Pneumonia), sepsis, ARDS (Acute Respiratory Distress Syndrome), pulmonary embolism, barotrauma, Bronchopleural Fistula (BPF), & pulmonary edema, among others. These conditions can result in longer duration of procedures, extended ICU stays, rise in healthcare costs, and increased risk of disability & death. This is expected to hinder the growth of the industry. Despite these restrictions, the industry is witnessing a huge upsurge owing to the mounting prevalence of both chronic and acute respiratory illnesses like COPD, bronchial asthma, acute lung injury, and hypoxemia, among others. This rising health disease is due to the rising number of tobacco consumers globally. Therefore, considering the prominent factor estimated to augment the growth of the global industry.
The article comprises Global players in the ventilator industry, along with industry product information. This article details the prominent factors behind the surging demand for futuristic growth and new opportunities that facilitate market development. Market players such as Philips, ResMed, Medtronic, Becton Dickinson, GEHealthcare, Getinge, Air Liquide, Hamilton Medical, Smith’s Group, Drager, Fisher and Paykel, and Other leading companies, facilitate revolutionizing the market and promoting a secure future for the ventilator industry.
MarkNtel Advisors
Sales Office: 564 Prospect St, B9, New Haven, Connecticut, USA-06511
Address Corporate Office: Office No.109, H-159, Sector 63, Noida, Uttar Pradesh-201301, India
Email: [email protected]
Tel No: +1 628 895 8081, +91 120 4278433
We do not claim ownership of any content, links or images featured on this post unless explicitly stated. If you believe any content or images infringes on your copyright, please contact us immediately for removal ([email protected]). Please note that content published under our account may be sponsored or contributed by guest authors. We assume no responsibility for the accuracy or originality of such content. We hold no responsibilty of content and images published as ours is a publishers platform. Mail us for any query and we will remove that content/image immediately.
Copyright © 2024 IndiBlogHub.com. Hosted on Digital Ocean