Report : Respiratory Ventilator Tester Market Forecast to 2027 - COVID-19 Impact and Global Analysis By Product (Portable, Desktop, Others); Application (Anesthesia Gas Delivery Machine Testing, Oxygen Concentrator Testing, Others); End-user (Hospitals and Specialty Clinics, Ambulatory Surgical Centers, Home Care Settings, Others) and Geography
Intensive Care Ventilators held Largest Share of Market During Forecast Period
According to our new market research study on “Respiratory Ventilator Tester Market to 2027 – Global Analysis and Forecast – by Product, Application and End User,” the market is expected to reach US$ 199.20 million by 2027 from US$ 148.00 million in 2019; it is estimated to grow at a CAGR of 3.8% from 2020 to 2027. The report highlights trends prevailing in the global respiratory ventilator tester market, and the drivers and restraints pertaining to the market growth.
Based on product, the global respiratory ventilator tester market is segmented into portable, desktop, others. The portable segment held the largest share of the market in 2019, and same segment is anticipated to register the highest CAGR of 4.2 % in the market during the forecast period. Increasing number of patients with severe respiratory diseases, and launch of innovative technologies are the major factors contributing to the growth of the market for portable respiratory ventilator tester.
The global respiratory ventilator tester market growth is mainly attributed to the growing prevalence of respiratory diseases and rapid increase in geriatric population. However, unfavorable reimbursement scenario may hinder the market growth.
BC Group International Inc, WEINMANN Emergency Medical Technology, Magnamed, Datrend Systems Inc., TSI Incorporated, IMT Analytics AG, THOR, Rigel Medical, Fluke and EKU Elektronik are among the leading companies operating in the global respiratory ventilator tester market.
The Report Segments Global Respiratory Ventilator Tester Market as Follows:
By End User