04-Sep-2020 | Facts and Factors
Findings from Facts and Factors report “Medical Ventilator Market by Mobility (Intensive Care, Portable), By Type (Invasive, Non-invasive), End-User (Hospital, Ambulatory Care Center, Others) and Regions: Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global medical ventilator market in 2019 was approximately USD 846.1 Million. The market is expected to grow at a CAGR of 7.8% and is anticipated to reach around USD 1466.3 Million by 2026.
According to the data published by the World Health Organization (WHO), in 2020, approximately 80% of patients can recover from COVID-19 without hospital treatment. But in case of extreme situations, a person may cause respiratory damage to the virus, forcing the body's oxygen levels to decrease and make it difficult to breathe. In order to mitigate this, the medical ventilator is used to force blood, with elevated amounts of oxygen, into the lungs.
Browse the full “Medical Ventilator Market by Mobility (Intensive Care, Portable), By Type (Invasive, Non-invasive), End-User (Hospital, Ambulatory Care Center, Others) and Regions: Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” https://www.fnfresearch.com/medical-ventilator-market-by-mobility-intensive-care-portable-1278
Growing funding for healthcare research across the globe due to ongoing COVID-19 pandemic is major factor driving growth of the target market. In addition, rising incidence of respiratory diseases across the globe is another factor expected to fuel growth of the target market in the near future. However, reimbursement issues and the complications related with the use of ventilators are anticipated to hamper growth of the global medical ventilators market in the coming years. Nevertheless, emerging economies worldwide is expected to create lucrative growth opportunities for the kay operating players in the global medical ventilator market.
The global medical ventilator market is segmented based on type, mobility, and end user. The global market can be bifurcated on the basis of mobility into intensive care and portable. Based upon type segment the global medical ventilator market is segmented as invasive and non-invasive. The invasive ventilation segment is expected to dominate in the near future owing to its increasing adoption and range of applications in sleeping disorders, neurological diseases, and respiratory diseases. The end user segment of the target market is categorized in to hospital, ambulatory care center, and others.
Based upon the region the global market has been categorized as North America, Europe, Latin America, Asia Pacific, and the Middle East and Africa. North America is expected to dominate in the global market in terms of revenue as compared to that of markets in other regions during the forecast period 2020-2026. This is attributed to the availability of advanced healthcare sector in the countries of this region along with high prevalence of the respiratory diseases in the U.S. and other countries of this region. Increasing cases of COVID-19 and growing government funding for research is supporting the growth of the market in the region. Europe is expected to hold the second-largest share and Asia Pacific is anticipated to grow at significant CAGR in the near future. Europe market growth is owing to increasing prevalence of the coronavirus diseases in the countries of Europe, coupled with presence of major players in this region. The growth in the Asia Pacific countries is presence of a favorable business environment in the countries of the Asia Pacific.
Key players operating in the medical ventilator market not restricted to include ResMed, Becton, Dickinson and Company, Getinge, Philips Healthcare, Smiths Group, Hamilton Medical, GE Healthcare, Air Liquide, Dräger, and Medtronic. Key operating players in the global medical ventilator market are aiming towards the strategic partnerships and launches of innovative products.
This report segments the medical ventilator market as follows:
Global Medical Ventilator Market: By Type
Global Medical Ventilator Market: By Mobility
Global Medical Ventilator Market: By End-user
- Ambulatory Care Centre
Global Medical Ventilator Market: Regional Segmentation Analysis
- North America
- The UK
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds. Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.
Facts & Factors
A 2108, Sargam,
Pune 411041, India