Global Ventilators Market Report 2021: Market Size is Expected to Surpass $20 Billion by 2028 Owing to a Spike in COVID-19 Cases & Rise in Old Age Populations

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

• Airon Corporation

• 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)

• Getinge AB

• Hamilton Medical

• Koninklijke Philips N.V.

• Metran Co. Ltd.

• Nihon Kohden Corporation

• Resmed Inc.

• Shenzhen Mindray Bio-Medical Electronic Co. Ltd.

• Smiths Group plc

• Ventec Life Systems

• Vyaire Medical Inc.

Key Topics Covered:

1. Introduction

2. Executive Summary

3. Research Methodology
3.1. Overview
3.2. Data Sources

4. Ventilators Market Insights
4.1. Ventilators - Industry Snapshot
4.2. Ventilators Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. Spike in COVID-19 cases
4.2.1.2. Rise in old age population
4.2.2. Restraints and Challenges
4.2.2.1. 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
5.2. Introduction
5.3. Instruments/ Ventilator Machines
5.3.1. Global Instruments/ Ventilator Machines Market, By Region, 2016 - 2028 (USD Million)
5.3.2. ICU Ventilators
5.3.2.1. Global ICU Instruments/ Ventilator Machines Market, By Region, 2016 - 2028 (USD Million)
5.3.2.1.1. AICU Ventilators
5.3.2.1.2. NICU Ventilators
5.3.3. Emergency and Transport Ventilators
5.4. Accessories
5.4.1. Global Accessories Market, By Region, 2016 - 2028 (USD Million)
5.4.2. Ventilator Masks
5.4.3. Filters

6. Global Ventilators Market, by Interface
6.1. Key Findings
6.2. Introduction
6.3. Non-Invasive
6.4. Invasive Ventilators

7. Global Ventilators Market, by End-Use
7.1. Key Findings
7.2. Introduction
7.3. Hospitals
7.4. Ambulatory Surgical Centers

8. Global Ventilators Market, by Geography
8.1. Key findings
8.2. Introduction
8.2.1. Ventilators Market Assessment, By Geography, 2016 - 2028 (USD Million)

9. Competitive Landscape
9.1. Expansion and Acquisition Analysis
9.2. Partnerships/Collaborations/Agreements/Exhibitions

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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