Medical Ventilators Market – Overview
The spread of COVID infection has become the main constraining element of the demand. The resumption of business in some places is expected to push its use even further into the medical ventilator market projected time frame. The portable medical ventilator market is expected to be transformed with government assistance in the form of accelerated approvals and grants. According to MRFR, the market is expected to use a CAGR of 4.14% to reach $ 3,605.82 million by 2027.
Many players in the medical ventilator market are inventing ventilator designs to help key caregivers maintain a safe distance from patients while dealing with increasing numbers of patients. The emergence of diverse and effective products to solve the peculiar problems of the current crisis is expected to increase the market share of medical ventilators.
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The segmental assessment of the medical ventilator market is done on the basis of portability, technology, application, end user, and region. The application segment of the medical ventilator market includes emergency care, neonatal care, and intensive care. Europe, MEA, Africa and Asia-Pacific are represented in the medical ventilator market. Mechanical and automated medical ventilators are the two technological segments of the medical ventilator market. The end user portability category of Medical Ventilator market is divided into home care facilities and hospitals and clinics. The medical ventilator market is divided into two interface segments: non-invasive and invasive. The portability segment of the medical ventilator market is divided into fixed and portable ventilators.
Detailed regional analysis
The regional review of the Medical Ventilators market includes MEA, Africa, Europe, and Asia-Pacific. Due to product launches, huge frequency of respiratory diseases, and supply of new resources in the regional market, the Americas region has dominated the medical ventilator market and is expected to maintain its dominance throughout the period of forecast. The improvement in the prevalence of respiratory diseases resulting from the spread of the pandemic in the region of the Americas will consolidate the region’s lead. The Asia-Pacific medical ventilator market is expected to grow at the fastest rate during the projected period, owing to the advanced occurrence of COVID-19 cases and product approvals, which would support the ventilator market growth. The medical ventilator market in Middle East and Africa is expected to grow steadily. Due to a spike in COVID-19 cases in the Middle East region, medical ventilators have stepped up in domestic markets like the United Arab Emirates, South Africa and Saudi Arabia. With more planned tenders launched by private and public companies, the rate of expansion will intensify in the years to come.
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Government aid is expected to support the development of the world market over the next few years. It is expected that the focus on accumulating resource reserves to deal with unexpected crises would have an impact on future market trends. Market developments and research are expected to generate attractive growth opportunities over the next few years. The reliance on e-commerce for sales is expected to increase significantly over the forecast period, prompting market players to invest more in its growth. Due to the return of COVID cases in many places, the market may show limited growth. Continuing occasional blockages in many regions can hamper market expansion if resources such as labor and supply chains are severely affected. The global market is expected to diversify in operational techniques as innovative models of operation and delivery are implemented.
The major players in the medical ventilator market are Vyaire Medical, Inc. (USA), Koninklijke Philips NV (Netherlands), DrÃ¤gerwerk AG & Co. KGaA (Germany), Smiths Medical (USA), Medtronic (Ireland) ), GE Healthcare (United States)), Hamilton Medical (Switzerland), Getinge AB (Sweden), Resmed (United States) and Allied Healthcare Products Inc. (United States).
2 PRESENTATION OF THE MARKET
2.1 DEFINITION 26
2.2 SCOPE OF THE STUDY 26
2.3 RESEARCH OBJECTIVE 26
2.4 MARKET STRUCTURE 27
2.5 ASSUMPTIONS AND LIMITATIONS 28
3 RESEARCH METHODOLOGY
3.1 Data mining 29
3.2 SECONDARY RESEARCH 30
3.3 PRIMARY RESEARCH 31
3.3.1 PRIMARY INTERVIEWS AND INFORMATION-GATHERING PROCESS 31
3.3.2 BREAKDOWN OF MAIN RESPONDENTS 32
3.4 FORECASTING TECHNIQUES 32
3.5 RESEARCH METHODOLOGY FOR MARKET SIZE ESTIMATION 33
4.1 OVERVIEW 36
4.2 DRIVERS 37
4.2.1 INCREASING PREVALENCE OF ACUTE AND CHRONIC DISEASES 37
4.2.2 TECHNOLOGICAL INNOVATION IN MEDICAL FANS 37
4.2.3 INCREASE IN THE NUMBER OF APPROVALS AND PRODUCT LAUNCHES 38
4.2.4 GOVERNMENT SUPPORT FOR MEDICAL VENTILATORS 38
4.3 WITHDRAWALS 39
4.3.1 DIGITAL REGULATIONS RELATING TO MEDICAL FANS 39
4.3.2 RISK ASSOCIATED WITH MEDICAL FANS 39
4.4 OPPORTUNITIES 40
4.4.1 COLLABORATION OF MAJOR MARKET PLAYERS 40
4.4.2 INCREASING DEMAND FOR NON-INVASIVE MEDICAL VENTILATORS 41
5 MARKET FACTOR ANALYSIS
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