Dublin, Nov. 15, 2021 (GLOBE NEWSWIRE) -- The "Ventilators Market Share, Size, Trends, Industry Analysis Report, By End-Use (Hospitals, Ambulatory Surgical Centers, Home Healthcare); By Product; By Accessories; By Interface; By Regions; Segment Forecast, 2021 - 2028" report has been added to ResearchAndMarkets.com's offering.
The global ventilators market size is expected to reach $20.03 billion by 2028
A ventilator is a medical device that helps in mechanical ventilation by assisting the patient's lungs to inhale oxygen and exhale carbon dioxide. It is used to treat patients suffering from respiratory illnesses such as COPD and other conditions such as brain injury, stroke, pneumonia, and neonatal respiratory distress syndrome.
There are various types of ventilators available in the market that includes face mask ventilator, mechanical ventilator, manual resuscitator bags, and tracheostomy ventilator. Mechanical and tracheostomy ventilators belong to invasive forms of ventilators and where tubes are inserted into the throat, whereas a face mask ventilator is a noninvasive form of the ventilator. A face mask ventilator is sufficient to improve the condition of patients with mild respiratory problems, but for severe cases, mechanical ventilation is necessary.
The need for ventilators has increased in recent years due to increased chronic respiratory illness owing to increased pollution and tobacco smoking. COPD is the third leading cause of death worldwide, with more than 500 million people living with the disease. The increasing demand has resulted in the introduction and approval of new ventilator products.
For instance, BreathDirect received FDA emergency approval for its BDR-19 ventilator in March 2021. In March 2021, engineers from Loughborough University developed an innovative, cost-effective non-electric ventilator known as the ShiVent system to tackle the COVID-19 pandemic.
The system has undergone trials in Nigeria and India, and now the team plans to commercialize the ventilator in Asia and Sub-Saharan Africa.
Some of the key players operating in the market are
Air Liquide S.A
Allied Healthcare Products Inc.
Asahi Kasei Corporation
Avasarala Technologies Ltd
aXcent medical GmbH
Dragerwerk AG & Co. KGaA
Fisher & Paykel Healthcare Limited
General Electric Company (GE Healthcare)
Koninklijke Philips N.V.
Metran Co. Ltd.
Nihon Kohden Corporation
Shenzhen Mindray Bio-Medical Electronic Co. Ltd.
Smiths Group plc
Ventec Life Systems
Vyaire Medical Inc.
Key Topics Covered:
2. Executive Summary
3. Research Methodology
3.2. Data Sources
4. Ventilators Market Insights
4.1. Ventilators - Industry Snapshot
4.2. Ventilators Market Dynamics
4.2.1. Drivers and Opportunities
18.104.22.168. Spike in COVID-19 cases
22.214.171.124. Rise in old age population
4.2.2. Restraints and Challenges
126.96.36.199. Product Recalls
4.3. Porter's Five Forces Analysis
4.4. PESTLE Analysis
4.5. Ventilators Market Industry trends
4.6. COVID-19 Impact Analysis
5. Global Ventilators Market, by Product
5.1. Key Findings
5.3. Instruments/ Ventilator Machines
5.3.1. Global Instruments/ Ventilator Machines Market, By Region, 2016 - 2028 (USD Million)
5.3.2. ICU Ventilators
188.8.131.52. Global ICU Instruments/ Ventilator Machines Market, By Region, 2016 - 2028 (USD Million)
184.108.40.206.1. AICU Ventilators
220.127.116.11.2. NICU Ventilators
5.3.3. Emergency and Transport Ventilators
5.4.1. Global Accessories Market, By Region, 2016 - 2028 (USD Million)
5.4.2. Ventilator Masks
6. Global Ventilators Market, by Interface
6.1. Key Findings
6.4. Invasive Ventilators
7. Global Ventilators Market, by End-Use
7.1. Key Findings
7.4. Ambulatory Surgical Centers
8. Global Ventilators Market, by Geography
8.1. Key findings
8.2.1. Ventilators Market Assessment, By Geography, 2016 - 2028 (USD Million)
9. Competitive Landscape
9.1. Expansion and Acquisition Analysis
10. Company Profiles
10.1. Company Overview
10.2. Financial Performance
10.3. Product Benchmarking
10.4. Recent Development
For more information about this report visit https://www.researchandmarkets.com/r/apa7bm
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