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Ventilators Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017–2025

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A ventilator is a medical device used to support the breathing of patients. It is a form of breathing assistance in which an endotracheal tube is directed towards the airway of patient and it is connected to ventilator system. They are often used du
VENTILATORS MARKET
Global Industry Insights, Trends, Outlook, and
Opportunity Analysis, 2017–2025
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REPORT DESCRIPTION
Ventilators Market Overview
A ventilator is a medical device used to support the breathing of patients. It is a form of
breathing assistance in which an endotracheal tube is directed towards the airway of patient
and it is connected to ventilator system. They are often used during surgery when patient is
under anesthesia, which puts a patient to sleep without interrupting normal breathing. This
system can be used as a diagnostic tool to measure static compliance of airway resistance and
irregular functioning of respiratory system. The failure of ventilators may result in death so it is
classed as life critical system and the system should be highly reliable.
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Increase in number of private and public hospitals attributing to the growth of ventilators
market
According to World Health Organization (WHO) fact sheet 2015, around 3 million people died
due to of chronic obstructive pulmonary disease (COPD), accounting for 5% of all deaths. The
rising incidences of chronic diseases such as chronic obstructive pulmonary diseases (COPD),
bronchitis, asthma, and increase in number of accidental cases are some of the situations where
medical ventilators are used. The rising incidence rate of preterm birth, respiratory diseases,
growth in geriatric population associated disorders, growing pollution level, the changing
lifestyle of people and habits such as smoking and drinking leading to enhanced risk of
respiratory infections, lung diseases and cancer are driving the ventilators market.
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According to the World Health Organization (WHO), 2017, an estimated 15 million infants
are born preterm annually accounting for approximately 1 million deaths in 2015. The
survey also states that three-quarters of these deaths could be prevented with the current
cost-effective interventions. However, the complications associated with the use of medical
ventilator such as resistance from patients and physicians for technology transition,
disorders such as barotrauma, lung injury, pneumonia and high cost of medical ventilators
are some of the factors restraining the growth of the global ventilators market.
North America dominates the ventilators market due to increasing incidence of coronary
diseases
Regional segmentation of the global ventilators market by Coherent Market Insights
comprises of North America, Latin America, Europe, Asia pacific, Middle East and Africa.
North America dominates the ventilators market, followed by Europe. According to the
American Heart Association, 2017, about 92.1 million American adults are suffering form of
cardiovascular disease or the after-effects of stroke. According to the study conducted by
Department of Anesthesiology, Columbia University, 2014, ICU occupancy ranged from
57.4% to 82.1% and the number of beds filled with mechanically ventilated patients ranged
from 20.7% to 38.9% in the U.S., which is driving the growth of ventilators market in North
America.
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Aging population, investments to curb the ventilators shortage, expansion of private hospitals in
rural area, and growing economy are the some of the important factors boosting the ventilators
market in Asia Pacific. According to the survey by Public Library of Science, 2016, the functional
mechanical ventilators were available for only half of the ICU beds (5.1 mechanical
ventilators/100,000 inhabitants) in China, indicating a relevant shortage of medical resources in
the healthcare settings in China.
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Major players are launching technologically advanced product to hold the major share in
ventilators market
Key players operating the global ventilators market include Becton, Philips Healthcare,
ResMed Inc., Medtronic Plc, Dragers Group, Smiths Group Plc, Hamilton Medical, GE
Healthcare, and Teleflex Incorporated. Market players are focused on launching new product
to maintain lead in the ventilator market. For instance, the medical ventilator by Smiths
Medical, PNEPAC Para PAC was the recent advancement approved by the U.S. FDA in 2014,
which offers greater control of breathing parameters with MRI compatibility giving maximum
flexibility for transport within the medical setting. The strategies such as merger and
acquisition with local and international players and focus on technological advancements are
adopted by manufacturers to sustain their position in the ventilators market.
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Author
Albert Rock
Albert Rock157   documents Email
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