Global Medical Ventilators Market

Global Medical Ventilators Market

  • June 2020 •
  • 138 pages •
  • Report ID: 5919177 •
  • Format: PDF
Report Scope:
This report examines the current and future market potential of medical ventilators.It offers a detailed analysis of the competitive environment, regulatory scenario, technological advancement, drivers and restraints, and opportunity and trends in market growth.

The report also covers market projections to 2024 and market rank for key market players. The report details the market share of medical ventilators based on types of ventilation, types of products and end users.

This report segments the global market by these geographical regions: North America, Europe, Asia-Pacific, and the Rest of the world. The North America region includes the U.S., Canada and Mexico; the European region includes Germany, U.K., France, and Rest of Europe; the Asia-Pacific region includes China, India, Japan, Rest of Asia-Pacific. For market estimates, data is provided for the year 2018 as the base year, 2019 and forecast through year-end 2024.

Report Includes:
- 46 data tables and 16 additional tables
- An overview of global market for medical ventilators within the industry
- Analyses of the global market trends, with data from 2018 and 2019, and projections of compound annual growth rates (CAGRs) through 2024
- Regional analysis, market potential and future outlook of the global medical ventilators market, with emphasis on medical device regulations in the U.S. and Europe
- Evaluation of major market drivers, market size and growth forecast, pipeline analysis of new devices, regulatory and reimbursement scenario of ventilators, and R&D activities in the global medical ventilators market
- Present status and impact of coronavirus (COVID-19) pandemic on MedTech, surge in demand for medical ventilators and efforts to overcome the shortage of ventilators
- Market share analysis of the leading manufacturers and suppliers of medical devices and their detailed competitive landscape
- Profile description of leading market participants, including General Electric Co., Hamilton Medical AG, Medtronic plc, ResMed Inc., Smiths Medical Inc., and Koninklijke Philips N.V.

Summary:
The global market for medical ventilators was valued at REDACTED in 2018.The market is forecast to grow at a compound annual growth rate (CAGR) of REDACTED to reach approximately REDACTED by 2024.

The global market is segmented based on product type, ventilation type, end user and region.

Reasons for Doing This Study
A medical ventilator is a medical device that provides ventilation by transferring breathable air along with oxygen into and out of the lungs, thus providing respiration to a patient who is unable to breathe.Ventilators mainly are used in hospitals.

Medical ventilators supply oxygen to the lungs and remove carbon dioxide from the body.

A ventilator often is used for short periods, such as during surgery when a patient is under general anesthesia or during treatment when a patient has a serious lung disease or other condition that affects normal breathing. Some people may have a condition that requires the long-term or even permanent use of a ventilator.

The increasing prevalence of respiratory diseases due to urbanization and growing pollution levels, high prevalence of tobacco smoking, changing lifestyles (such as lack of exercise), a rapidly expanding geriatric population are pushing the growth of global ventilators market. Also, pandemics like 2019 Novel Coronavirus (COVID-19) are driving global demand of ventilators.

COVID-19 or coronavirus disease is an infectious disease caused by a novel coronavirus.Most people infected with the COVID-19 virus experience mild to moderate respiratory illness.

An aging population, especially people with a history of medical problems such as cardiovascular disease, diabetes, chronic respiratory disease, and cancer are more likely to become infected and develop serious illness. In some patients, the virus can damage the lungs and cause acute respiratory distress, which requires patients to be placed on a ventilator