Report : Ventilator Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Mobility (Intensive Care Ventilators, Portable/Transportable Ventilators); Type (Adult/Pediatric Ventilators, Neonatal/Infant); Interface (Invasive, 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), Others); End User (Hospitals and Clinics, Home Care, Ambulatory Care Centers, Emergency Medical Services (EMS)) and Geography
Intensive Care Ventilatorsheld Largest Share of Market DuringForecast Period
According to our new market research study on “Ventilator Marketto 2027 – Global Analysis and Forecast – by Type, Mode, Mobility, Interface, and End User,”the market is expected to reach US$ 8,239.18 million by 2027 from US$ 2,620.45 million in 2019; it is estimated to grow at a CAGR of 12.9% from 2020 to 2027. The report highlights trends prevailing in the global ventilator market,and the drivers and restraints pertaining to the market growth.
Based on mobility, the global ventilator marketis segmented into intensive care ventilators and portable/transportable ventilators.The intensive care ventilators segment held a larger share of the market in 2019. 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 intensive care ventilators.
The global ventilator market growth is mainly attributed to the growing prevalence of respiratory diseases and rapid increase in geriatric population.However, adverse effects on cardiopulmonary function and complications associated with ventilators such as infectionsmay hinder the market growth.
VYAIRE MEDICAL, INC;Getinge AB;Dragerwerk AG & Co. KGaA;Fisher & Paykel Healthcare Limited;General Electric Company;Hamilton Medical;Koninklijke Philips N.V.,Medtronic; ResMed; Smiths Group plc are among the leading companies operating in the global ventilator market.
The Report Segments Global Ventilator Marketas Follows:
By End User