According to a research report titled ‘Global Ventilator Market – Analysis By Mobility (Intensive Care, Portable), Modes, Interface, End User, By Region, By Country (2020 Edition): Market Insights, COVID-19 Impact, Competition and Forecast (2020-2025)’ published by Azoth Analytics in June 2020, the Global Ventilators Market was valued at USD 198.54 Million in the year 2019. Primarily, the growth in the market for Ventilators will be supported by ever growing number of patients suffering from diseases including COPD, Stokes, Multiple Sclerosis, and various lungs diseases coupled with escalating old age population and severe impact of coronavirus on patients’ respiratory system and lungs. Manufacturers diversifying their product portfolio and offering high quality advanced ventilators to users likely to facilitate the market for ventilators during the coming years.
The Azoth Analytics research report titled Global Ventilators Market has analysed and segmented the Ventilators Market by Value (USD Million). The report presents the analysis of Ventilators Market By Mobility (Intensive Care, and Portable), By Modes (Pressure, Volume, Combined, Others), By Interface (Invasive, and Non-Invasive), and By End User (Hospitals, Ambulatory Surgical Centers, Home Care, Others). The Global Ventilators Market has been analysed By Region (North America, Europe, and Asia Pacific) and By Country (United States, Canada, Germany, France, United Kingdom, Italy, China, Japan, India, and South Korea) for the forecast period of 2020-2025.
Intensive Care ventilators will be followed by Portable ventilators owing to wide availability of ventilators specially designed for ICUs with manufacturers constantly engaged in innovating and adopting latest technology of production to help doctors and hospitals treat their patients better backed with government collaborating with various companies to ramp up ventilators production to meet the unforeseen demand arising due to COVID19 epidemic. These factors will be driving a bolstering growth in the market in future.
Moreover, Invasive ventilation, followed by Non Invasive Ventilation will attain a considerable market share mainly because of growing number of patients requiring serious ventilation due to compromised respiratory system with burgeoning demand arising for home care ventilation from patients who require lifelong treatment and cannot breathe without support. This has been forecasted to boost the market for ventilators in the coming years.
Furthermore, among the regions, North America is anticipated to attain the highest market share, followed by Europe and Asia Pacific, chiefly due to escalating investment in incorporating advanced technology and expansion of product portfolio to include ventilators for home care, portable ventilators, ventilators for transportation among others, coupled with ever growing number of cases of coronavirus in United States.
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