Ventilator Testing System Market to Fall on Digital Transformation from 2017 to 2026, Reaching US$199.2 Million

the Ventilator Testing Systems Market is likely to grow voraciously, i.e. at a CAGR of 3.6% between 2017 and 2026, to reach US$199.2 million. Augmented and virtual reality rub shoulders with advanced technologies in a significant number. Virtual reality and augmented reality have tremendous potential to offer in the healthcare industry. Areas of application include simulation of surgery and training, as well as patient care and treatment.

In healthcare, the number of days a patient spends in hospital is decreasing. However, the number of days patients spend on a ventilator has increased, both in home care settings and in intensive care.

The reasons for this are the increase in the geriatric population, especially in developed and industrialized countries and due to the increasing frequency of epidemic events like SARS and AIDS. Therefore, it is essential to know how the fans will work and what to expect from the fans.

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It’s also important to know how each mode of a fan will perform under real-world conditions. This is important for caregivers and medical staff as they need to be aware and know when the ventilator is malfunctioning. It is in this context that fan test systems are used.

This type of ventilator test system monitors various parameters of a ventilator such as peak and peep pressure, stacked volume, oxygen concentration, etc. Additionally, ventilator test systems are used to measure respiratory rate and flow of oxygen, air, and nitrous oxide.

According to Persistence Market Research, the global ventilator test system market is expected to reach a valuation of US$199.2 million in 2027 and is expected to reflect a slow CAGR during the forecast period.

Company Profiles:

  • TSI inc.
  • Fortive Corporation
  • USCOM Ltd.
  • Seaward Electronics Ltd.
  • Datrend System Ltd
  • IngMar Medical Limited
  • Michigan Instruments, Inc.
  • SunMed LLC
  • Philips North America LLC
  • Magnamed Medical Technology SA
  • Instrumentation Industries, Inc.
  • Others.

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4 Important Insights into the Global Ventilator Testing Systems Market

  • According to Persistence Market Research estimates, the neonatal ventilator segment is expected to reach a valuation of approximately US$40 million by the end of 2026. This results in slow CAGR growth during the forecast period 2017 -2026. Furthermore, according to our assessment, the neonatal ventilator segment is expected to possess more than one-fifth of the total revenue share of the ventilator type category by the end of 2017. This segment is expected to lose in terms of market. share by 2026 compared to the year 2017.
  • The home care segment is expected to touch a valuation of almost US$21 million by the end of 2026. This signifies moderate CAGR growth over the forecast period. Home care is becoming increasingly popular in the healthcare sector due to the increase in the geriatric population and the rising incidence of chronic diseases. The house is also economical in nature and reduces health care costs. Therefore, more and more patients who need respiratory support in the form of ventilators are installing ventilators in their homes.
  • The invasive ventilator interface segment is expected to touch a valuation of nearly US$73 million by the end of 2026. The invasive ventilator interface segment is expected to gain market share by the end of 2026. 2026. The invasive form of ventilator interface is used for patients with breathing difficulties and can be a lifesaving option for such patients. These invasive ventilation systems are used in surgeries and when the patient is in intensive care.
  • Persistence Market Research predicts the US ventilator test system market to grow from US$39.1 million in 2017 to US$51 million in 2026. This signifies a compound annual growth rate (CAGR) of 3% of 2017 to 2026.

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