Report : South and Central America Ventilator Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Mobility (Intensive Care Ventilators and Portable/Transportable Ventilators); Type (Adult/Pediatric Ventilators and Neonatal/Infant); Interface (Invasive and Non-Invasive); Mode (Combined Mode Ventilation, Volume Mode, Ventilation, Pressure Mode Ventilation, Neurally Adjusted Ventilatory Assist (NAVA), Inverse Ratio Ventilation (IRV), Prone Ventilation, High-Frequency Oscillatory Ventilation (HFOV), High-Frequency Percussive Ventilation (HFPV), and Others); End User (Hospitals and Clinics, Home Care, Ambulatory Care Centers, and Emergency Medical Services (EMS)); and Country
Intensive Care Ventilator Segment Held Largest Share of South and Central America Ventilator Market in 2019
According to The Insight Partners market research study of “South and Central America Ventilator Market Forecast to 2027 - COVID-19 Impact and Analysisby Mobility, Type, Interface, Mode, and End User” the marketisprojectedto reach US$544.61million by2027 from US$181.00million in2019. The market is estimated to grow ata CAGR of 12.3% from 2020 to 2027. The report highlights trends prevailing in the South and Central America Ventilator market and the factors driving market along with those that act as hindrances.
Based on the mobility, the South and Central America Ventilator market, is segmented into intensive care ventilator, and portable/transportable ventilator. The intensive care ventilator segment held the largest share of the market in 2019, whereas the portable/transportable ventilator segment is anticipated to register the highest CAGR in the market during the forecast period The Intensive care ventilators are used to provide ventilatory support for patients who cannot breathe on their own or who require assistance to maintain adequate ventilation. While intensive care ventilators are typically used in the hospital's critical care areas, they may be used in other care areas as well. However, the portable/transportable ventilator segment is predicted to grow at a higher CAGR. This is because portable/transportableventilatorare lightweight and can be moved easily from one place to another within the hospital. They are able to function in demanding environments with little maintenance. These devices provide long-term support for patients who do not need complex critical care ventilators.
The growth of the market is attributed to some key driving factors such as high rise in ageing population and growing number of covid-19 cases in this region are expected to drive the growth of the market. However, the harmful effects of ventilators on neonates is said to hamper the market growth.
ResMed, Fisher and Paykel Healthcare, and General Electric Company are among the leading companies operating in the South and Central America ventilator market.
South and Central America ventilator market, By Country,2019 (%)
The report segments South and Central America ventilator market as follows:
By End User