Ventilator Market Size, Product Trends, Key Companies, Revenue Share Analysis, 2021–2027

 The global Ventilator market is forecast to reach USD 26.66 Billion by 2027, according to a new report by Reports and Data. The ventilator market is witnessing a drastic increase in demand owing to the growing incidence of patients suffering from COVID-19. The number of cases are growing rapidly and the hospitals currently does not have enough for the patients that need them. Increase in the number of ICU beds and rise in geriatric population are propelling the demand of the market. The elderly and the ones with respiratory diseases are highly susceptible to the virus.

Key companies operating in the global market and profiled in the report include:

Becton, Dickinson and Company, Koninklijke Philips N.V., Hamilton Medical AG, Fisher & Paykel Healthcare, Limited, Draegerwerk AG CO. KGaA, Medtronic PLC, GE Healthcare, Smiths Group PLC, ResMed Inc., and Maquet Holding B.V. & Co. KG, among others.

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The global Ventilator market research is carried out at the different stages of the business lifecycle from the production of a product, cost, launch, application, consumption volume and sale. The research offers valuable insights into the marketplace from the beginning including some sound business plans chalked out by prominent market leaders to establish a strong foothold and expand their products into one that’s better than others.

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For the purpose of this report, Reports and Data have segmented into the global Ventilator market on the basis of type, target population, end user, and region:

Type Outlook (Revenue, USD Billion; 2017-2027)

• Mechanical Ventilators
• Invasive Ventilator
• Non-Invasive Ventilator

Target Population Outlook (Revenue, USD Billion; 2017-2027)

• Pediatric
• Adult
• Geriatric
• Others

End User Outlook (Revenue, USD Billion; 2017-2027)

• Hospitals and Clinics
• Home Care
• Ambulatory Care Centers
• Emergency Medical Services

Regional analysis covers:

·         North America (U.S., Canada, Mexico)

·         Europe (U.K., Italy, Germany, France, Rest of Europe)

·         Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

·         Latin America (Chile, Brazil, Argentina, Rest of Latin America)

·         Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Further key findings from the report suggest,

• The adoption of the non-invasive ventilator is due to the increasing acceptance of the therapeutic method that has contributed significantly to the development of respiratory medicine over the past few decades.
• Increase in the geriatric population has propelled the demand of the market product as the elderly are more prone to respiratory disorders along with heart diseases and low immune system.
• The demand in North America is due to the increasing number of patients affected by COID-19 in the U.S. The government is shelling out top dollars to meet the required demand of the ventilators in the hospitals and are still falling short.
• In the year 2019, 77,000 new ventilators were quite enough to fulfill the demand of the entire planet. In April 2020, the New York City alone forecasts a need for 30,000 extra machines.

Key Reasons for Purchasing Global Ventilator Market Report:

•    New approaches and latest development trend that describe the structure of the market
•    Advanced market breakdown structure
•    Historical data and future market scope
•    In-depth market analysis based on statistics, growth stimulators, and market developments
•    Statistical data representation through figurative, numerical, and theoretical elaboration
•    Report provides insight of the business and sales activities
•    Key competitive players and regional distribution will help find prospective market analytics
•    Report will strengthen the investors’ decision-making processes

The report utilizes advanced analytical tools to research, gather, and analyze data. The in-depth research report has been formulated through extensive primary and secondary research and the data has been further validated and verified from industry experts, professionals, and research analysts. The report also offers strategic recommendations to key market players and novice players to overcome barriers and limitations and gain a robust footing in the market.

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