“Global Ventilators Market– Industry Trends and Forecast to 2025” newly adds in Data Bridge Market Research database. This report covers leading key company profiles with information such as business overview, regional analysis, consumption, revenue and specification.
Pune, India -- (SBWIRE) -- 05/09/2018 -- The Global Ventilators Market is expected to reach USD 1,454.72 million by 2025, from USD 797.68 million in 2017, growing at a CAGR of 7.8% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Renowned players in the global ventilators market consist of GE Healthcare Life Sciences?, Medtronic, Hamilton Medical, VYAIRE MEDICAL INC., Smiths Group plc., VENTS, Bio-Med Devices, Schiller, DEMCON Macawi Medical Systems B.V., Koninklijke Philips N.V., STERYLAB S.r.l., Sechrist Industries Inc., Flight Medical, Trivitron Healthcare, Triumph Medical Services, United Hayek Industries Inc., Breas Medical Ltd., ZOLL Medical Corporation, VBM Medizintechnik GmbH, Micronel AG, VitalAire Canada, Olympus Corporation, Airon Corporation, O-Two Medical Technologies Inc., among others.
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This market report defines the market trends and forecast the upcoming opportunities and threats of the ventilators market in the next 8 years. The ventilators are medical tool used in the management of patient's breathing problems or respiratory failure. The tool is also employed as a diagnostic tool to get data on the static compliance of the respiratory system and airway resistance. Mechanical ventilators are mainly used in the treatment of chronic obstructive pulmonary disease (COPD), apnea, acute lung injury and hypoxemia. Such diseases are growing exponentially, eventually spurring the demand for ventilators. According to World Health Organization (WHO), more than 3 million of people die each year from chronic obstructive pulmonary disease (COPD), an estimated 6% of all deaths worldwide. According to Eurostat, in 2014, respiratory system diseases accounted for 7.7% of all deaths in the Europe region. Over the past few years, the ventilators market has witnessed considerable technological advancements. . For instance, in 2015, GE Healthcare, the healthcare business of the General Electric Company, launched a new ventilator Carescape R860. The product is an advanced lung protection tool and an innovative interface which is simple in use. In 2015, Hamilton Medical launched IntelliCuff, for HAMILTON-G5/S1 ventilators. The product is an advanced stand-alone device which is ready for use with all types of mechanical ventilators.
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The global ventilators market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of ventilators for global, Europe, North America, Asia Pacific and South America.
Major Market Drivers and Restraints:
· Increasing prevalence of respiratory diseases.
· Rising geriatric population
· Growing number of preterm births
· Technological advancements
· Reimbursement Scenario
· High cost of mechanical ventilators
· Shortage of regular system for different ventilation modes
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