Ventilator Market Types, Applications and Manufacturers by Emergen Research

The global ventilators market is expected to reach USD 1,600.1 Million by 2027, according to a new report by Emergen Research. The demand for ventilators is experiencing a high demand from hospital, ambulatory care centers, home care settings, and emergency medical services, attributable to its functionality to support respiration during injury, sickness, or sedation/anesthesia in the course of surgeries/operation The increasing occurrences of respiratory diseases encompassing respiratory syndrome, asthma, and abrupt respiratory disease epidemics like SARS-CoV-2/COVID-19 are among the significant factor driving the demand for the ventilator market.

The leading players in the market include Medtronic, GE Healthcare, ResMed Inc., Allied Healthcare Products, Koninklijke Philips N.V., Hamilton Medical, Zoll Medical, Becton, Dickinson, and Company, Schiller, Fisher & Paykel Healthcare Ltd, and Philips Healthcare, among others.

Get your FREE Sample Copy with TOC of the Report to understand the structure of the complete report@ https://www.emergenresearch.com/request-sample-form/90

The evolutions of cost-effective, patient-friendly, and portable ventilators are gathering considerable momentum among end-users, thereby boosting the market demand. However, a cost-prohibitive of maintenance of ventilators, its detrimental effects on infants, and difficulties pertaining to the usage of the equipment may create hindrances in the ventilator market demand in the upcoming years.

A growing population of people smoking tobacco (both active and passive), as well as rapid urbanization and growing level of the population, are causative of accelerating growth of the market.  The pollution of air obstructs air passage causing asthma, reduced lung function, and reactive airways dysfunction syndrome, and tobacco smoking lead to hyper-responsiveness of air passage, thereby creating a need for ventilators to give relief to ailing patients.

Interface Outlook (Revenue, USD Billion; 2017-2027)

1. Invasive Ventilation
2. Non-Invasive Ventilation

Type Outlook (Revenue, USD Billion; 2017-2027)

1. Adult/Pediatric Ventilators
2. Infant/Neonatal Ventilators

Mode Outlook (Revenue, USD Billion; 2017-2027)

1. Pressure Mode Ventilation
2. Volume Mode Ventilation
3. Dual/Combined Mode Ventilation
4. Others

End Users Outlook (Revenue, USD Billion; 2017-2027)

1. Hospitals
2. Homecare Setting
3. Ambulatory Care Centers
4. Emergency Medical Services

North America is projected to command the market expansion over the projected timeline attributable to the soaring implementation of Ground-based Monitoring Systems and Sensing and Imagery Systems to enhance the productivity of the agricultural sector. The augmented adoption of smart and precision farming, coupled with the presence of significant market players, is contributing to the progress of the market in the region. The Asia Pacific region is forseen to be the fastest-growing market due to rising initiatives for water conservation in the region. 

To identify the key trends in the industry and read full summary click on the link: https://www.emergenresearch.com/industry-report/ventilator-market

Key Highlights from the Report

1. In November 2019, Mammoet, who is a global market leader for lifting and transporting heavy objects, entered into a partnership with the SGS group. SGS Group is helping the company with the construction of a large oil refinery in Nigeria.
2. The ground-based monitoring system segment held the largest market share of 55.2% in 2019. Growing adoption of the Ground-based Monitoring Systems among the skilled farmers in the developed economies to increase agricultural productivity and enhance crop quality is expected to drive the growth of the segment.
3. Services are forecasted to grow with the fastest CAGR of 13.8% over the forecast period. Increasing utilization of the Internet of things (IoT) enabled devices for agricultural and non-agricultural purposes, and the growing number of connected agriculture devices is expected to drive the growth of the services segment in the Ventilator market.
4. The agricultural segment accounted for the largest market share in 2019. The rising global population, along with the rising demand for food, is expected to increase the adoption of smart agricultural practices.
5. The Asia Pacific region is expected to be the fastest-growing region over the forecast period. The region is continuously striving to increase agricultural productivity by implementing technologically advanced agricultural practices.