Report : ITSM Market Forecast to 2027 – Covid-19 Impact and Global Analysis - by Component (Solutions, Services); Organization Size (Small and Mid-Sized Enterprises, Large Enterprises); Industry (Media and Entertainment, Banking, Financial Services, and Insurance, IT and Telecommunications, Healthcare and Life Sciences, Retail and Consumer Goods, Manufacturing, Others) and Geography
Adult/PediatricVentilator Segment Held Largest Share of EuropeVentilator Market in 2019
According to The Insight Partners market research study of “Europe Ventilator Market Forecast to 2027 - COVID-19 Impact and Analysis by Mobility, Type, Interface, Mode, and End User” the market is projectedto reach US$2,072.98million by2027 from US$ 678.17million in2019. The market is estimated to grow at a CAGR of 12.5 % from 2020 to 2027. The report highlights trends prevailing in the Europe Ventilator market and the factors driving market along with those that act as hindrances.
Based on the type, the EuropeVentilator market, is segmented into adult/pediatricventilator, and neonatal/infantventilator. The adult/pediatric ventilator segment held the largest share of the market in 2019, whereas the sameventilator segment is anticipated to register the highest CAGR in the market during the forecast period.Adult/Pediatric Ventilators medicines is a machine that provides mechanical ventilation by moving breathable air into and out of the lungs, to deliver breaths to a patient who is physically unable to breathe or breathing insufficiently. Modern ventilators are computerized microprocessor-controlled machines, but patients can also be ventilated with a simple, hand-operated bag valve mask. Ventilators are chiefly used in intensive-care medicine, home care, and emergency medicine (as standalone units) and in anesthesiology (as a component of an anesthesia machine). Various market players in the ventilators market provide adult/pediatric ventilators. For instance, Hamilton Medical has Adult/Pediatric Ventilators with the name HAMILTON-C1. Hence, this segment is to show a high growth during the forecast period.
The growth of the market is attributed to some key driving factors such ashigh manufacturers of medical devices in Europe and rapid Increase in coronavirus patientsare expected to drive the growth of the market. However, the adverse physiological effects of ventilators on the human body are said to hamper the market growth.
Koninklijke Philips N.V, Hamilton Medical, and Smiths Group plc.are among the leading companies operating in the Europeventilator market.
Europe ventilator market,By Country,2019 (%share)
The report segments Europe ventilator market as follows:
By End User