A mechanical ventilator is a device that helps people with chronic respiratory conditions including acute respiratory distress syndrome (ARDS) or problems with insufficient breathing. Additionally, ventilation is a life-saving treatment for people who have respiratory problems brought on by specific medical illnesses. When there are clinical or laboratory indications that the patient cannot maintain an airway or adequate oxygenation or ventilation, mechanical ventilation is typically explored. When a patient is attached to a mechanical ventilator via an endotracheal tube placed directly in the airway, it helps with breathing. It can also be used as a diagnostic tool to assess airway resistance static compliance and erratic respiratory system performance.
The rise in prevalence of chronic respiratory diseases like lung cancer, chronic obstructive pulmonary disease (COPD), asthma, bronchitis, and other lung disorders, as well as the rise in hospitals and diagnostic facilities, are the primary factors driving the growth of the global mechanical ventilator market. Lung cancer is the second most common cancer in Europe, according to the Globocan 2020, with an anticipated 477,534 newly diagnosed cases. In addition, one of the major factors driving the market is the rise in the number of elderly people who are sensitive to respiratory illnesses. For instance, the majority of adults over 65 are at risk for lung cancer, according to the American Cancer Society's 2021 Statistics.
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Ventilator Market: Segmentation Analysis
Ventilator Market based on Mobility
- Intensive care ventilators
- high end
- mid end
- basic end
- Portable ventilators
The intensive care ventilators segment dominated the market and accounted for the largest share of the global ventilators market in 2020. This high share is attributed to the growing number of intensive care beds attached with ventilators.
During the pandemic, the number of ICU admissions is on the rise along with the appropriate reimbursement; these factors are playing key roles for the large share of the ICU ventilators segment in the global ventilators market.
Ventilator Market based on Interface
- Invasive Ventilation
- Non-Invasive Ventilation
- CPAP,
- BiPAP
- APAP
The invasive ventilation segment is anticipated to record notable expansion over the forecast period owing to escalating demand from ICUs driven by the rapid increase in the number of admitted patients.
Ventilator Market based Age Group
- Adult ventilators
- Pediatric and Neonatal
- Geriatrics Ventilators
The adult ventilators segment led the global ventilators market and accounted for the largest share of the global revenue in 2020. This high share is attributed to the big number of population suffering from COVID-19, growth in the number of chronic diseases such as Asthma and COPD, increasing geriatric population, and rise in the number of smokers.
Ventilator Market based on Mode
- Combined-mode ventilation
- Volume- mode ventilation
- Pressure-mode ventilation
- Other ventilation modes
The Combined-mode ventilation segment led the global ventilators market and accounted for the largest share of the global revenue in 2020. This high share is attributed to its unique advantages over volume-mode ventilation and pressure-mode ventilation.
Top Key Players:-
- ResMed
- Nihon Kohden Corporation
- Medtronic
- Fisher Paykel Healthcare Limited
- Drägerwerk AG CO. KGAA
- Getinge AB
- Nihon Kohden Corporation
- Asahi Kasei Corporation
- GE Healthcare
- Air Liquide
- Hamilton Medical
- Smiths Group plc
- Allied Healthcare Products, Inc.
- Shenzhen Mindray Bio-Medical Electronics Co., Ltd
- aXcent Medical GmbH
- Avasarala Technologies Ltd
- Airon Corporation
- Leistung Engineering Pvt. Ltd.
- HEYER Medical AG
- TRITON Electronic Systems Ltd.
- Hill-Rom Holdings, Inc.
- Bio-Med Devices, Inc.
- Metran Co., Ltd
- MAGNAMED
- Vyaire Medical, Inc.
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