On the basis of region, the Ventilator Marketis segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa. The market in North America is projected to hold the largest market share during the forecast period on account of the presence of a strong healthcare network in the nations such as the United States and Canada. Moreover, Presence of several key players in the region who are operating in the Ventilator Market are also anticipated to drive the growth of the market in North America.
The global Ventilator Market was valued at USD 687.89 million in 2016 and is projected to reach USD 1,346.71 million by 2025, growing at a CAGR of 7.75% from 2017 to 2025.
The ventilator market is driven by some key factors, major lifestyle changes and increased tobacco consumption, also increasing geriatric population being some of them. The market has increasing values in market trend all over the globe.
Final Report will add the analysis of the impact of COVID-19 on this industry.
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Sample Infographics:
Market Dynamics:
1. Market Drivers
1.1 Increasing Cases of Respiratory Diseases
1.2 GrowingGeriatric Population
1.3 Increasing Preterm births
1.4 Urbanization and Growing pollution
1.5 Increased tobacco consumption
1.6 Major lifestyle changes
2. Market Restraints
2.1 Reimbursement Risks
2.2 Risks associated with Mechanical ventilator
2.3 Resistance from Traditional Medical Practitioners
2.4 Availability of Alternatives at cheaper cost from local manufacturers
Market Segmentation:
1. Global Ventilator Market, by Age Group:
1.1 Infant/Neonatal Ventilator
1.2 Adult/Pediatric Ventilator
2. Global Ventilator Market, by Type:
2.1 Portable/Transportable Ventilator
2.2 Intensive Care Ventilator
3. Global Ventilator Market, by Mode:
3.1 Pressure-Mode Ventilation
3.2 Volume-Mode Ventilation
3.3 Combined-Mode Ventilation
3.4 Others
4. Global Ventilator Market, by Interface:
4.1 Invasive
4.2 Non-Invasive
5. Global Ventilator Market, by End User:
5.1 Hospitals and Clinics
5.2 Home Care
5.3 Ambulatory Care Centers
6. Global Ventilator Market, by Region:
6.1 North America (U.S., Canada, Mexico)
6.2 Europe (Germany, UK, France, Rest of Europe)
6.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
6.4 Latin America (Brazil, Argentina, Rest of Latin America)
6.5 Middle East & Africa
Competitive Landscape:
The major players in the market are as follows:
1. Philips Healthcare
2. Resmed, Inc.
3. Medtronic Public Limited Company
4. Becton, Dickinson and Company
5. Drager Group
6. Smiths Group PLC
7. Getinge Group
8. Teleflex Incorporated
9. Hamilton Medical AG
10. GE Healthcare
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Ventilator Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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