Global Ventilators Market Set for Rapid Growth, to reach Value USD 3,932.9 Million by 2026

Global demand for ventilators market was valued at approximately USD 2,083.6 Million in 2019, and is expected to generate revenue of around USD 3,932.9 Million by end of 2026, growing at a CAGR of around 9.5% between 2020 and 2026.

New York, United States - October 29, 2020 /MarketersMedia/ —

Zion Market Research has published a new report titled “Ventilators Market by Mobility (Portable/ Transportable Ventilators, and Intensive Care Ventilators [High-End ICU Ventilators, Mid-End ICU Ventilators, and Basic ICU Ventilators]), by Type (Neonatal/ Infant Ventilators, Adult Ventilators, and Pediatric Ventilators), by Interface (Non-Invasive Ventilation, and Invasive Ventilation), by End User (Hospitals, Ambulatory Care Centers, Home Care Setting, Emergency Medical Services (EMS), and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020– 2026” According to the report, global demand for ventilators market was valued at approximately USD 2,083.6 Million in 2019, and is expected to generate revenue of around USD 3,932.9 Million by end of 2026, growing at a CAGR of around 9.5% between 2020 and 2026.

Ventilator is a life-saving tool for patients unable to breathe in chronic conditions like respiratory syndrome, asthma, or also in the case of unexpected respiratory disease outbreak like COVID-19 etc. Geriatric population, urbanization, increased rates of pollution, and rising incidences of premature births are some of the factors likely to drive the market growth of ventilators. Moreover, the advent of COVID-19 has overwhelmed countries such as the intensive care units in Italy. In other nations, the lack of effective action, such as ventilator shortages, has catastrophic consequences. The snorkelling masks originally designed for leisure purposes are now used by doctors in Italy to care for COVID-19 patients. In extreme cases COVID-19 causes the lungs to become fibrosis-like, which means that the patients cannot breathe without support. Hence, leading innovators are developing prompt-speedy ventilators to fill the huge gap between supply and demand. Businesses are seeking to repurpose their supply chains and manufacturing lines amid the continuing epidemic.

Get Access to the FREE sample report @ https://www.zionmarketresearch.com/sample/ventilator-market

COVID-19 Impact Analysis:

The novel corona virus disease or COVID-19 has spread to almost all the countries in a very short span of time. Over 10 million people have been diagnosed positive for the disease and the number is increasing exponentially. Over a million people have been affected in the U.S. alone. The rapid spread of COVID-19 due to lack of proper treatment and vaccine has prompted many countries to implement a nation-wide lockdown. The lockdown, although an effective step against the virus, has brought businesses to a stand-still. People are forced to stay indoors, factories are closed, and businesses have shut down. Economists all over the world are predicting a recession like never before in wake of this global pandemic. According to the World Trade Organization (WTO), world trade is expected to fall by between 13% and 32% in 2020 as the COVID 19 pandemic disrupts normal economic activity and life around the world.

The COVID-19 pandemic has increased the demand for ventilator exponentially. The shortage of ventilators has become a major cause of concern for countries around the world. A report from Imperial College London estimates that 30% of Covid-19 hospitalized patients are likely to require mechanical ventilation. The outbreak of corona virus pandemic has had a significant impact on the ventilator industry. The demand has augmented exponentially as old patients require ventilator support. Demand for ventilator has touched unparalleled levels as COVID-19 has spread globally and the government agencies are responding to the alarming situation. Multiple strategies adopted by the affected nations have further amplified the demand. However, rise in demand and increasing pressure on the supply chains has caused severe constrictions on supply of raw materials. The low supply of raw materials has resulted in the inability of manufacturers to eliminate the demand supply gap.

In emerging economies, such as India and China, manufacturers and assembly companies are focusing on developing cost-effective, non-invasive ventilation solutions that meet local needs and provide patient care. Advances in performance, construction and health have resulted in major advantages, such as improved weaning, better gas exchange, oxygenation and less damage to the lungs. Rapid growth in geriatric population that are more vulnerable to respiratory disorders and high prevalence of chronic respiratory diseases contributes mainly to the growth of the ventilator market. Increasing government spending on healthcare internationally also encourages the growth of companies. In addition, factors such as the harmful effects of certain devices on neonates, the maintenance of supply chains for components, and the complications associated with the use of ventilators are likely to hinder market growth during the forecast period.

The global market for the ventilators is segmented into mobility, interface, type, end user, and region. Based on the mobility, the global market for ventilators is segmented into portable/ transportable ventilators, and intensive care ventilators. The segment for intensive care ventilators is further divided into mid-end, high end and basic ICU ventilators. On the basis of type, the market is categorized into neonatal/ infant ventilators, pediatric ventilators, and adult ventilators. On the basis of end user, the market is categorized into ambulatory care centers, emergency medical services (EMS), hospitals, home care setting, and others. On the basis of interface, the market is categorized into invasive ventilation, and non-invasive ventilation.

Browse TOC of this Report @ https://www.zionmarketresearch.com/toc/ventilator-market

About Us:

Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

Contact Info:
Name: Joel John
Email: Send Email
Organization: Zion Market Research
Address: 244 Fifth Avenue, Suite N202
Phone: +1-855-465-465
Website: https://www.zionmarketresearch.com/

Source URL: https://marketersmedia.com/global-ventilators-market-set-for-rapid-growth-to-reach-value-usd-39329-million-by-2026/88983336

Source: MarketersMedia

Release ID: 88983336

Latest News

Madrid and Barcelona to arrive together for clásico

Nov 27, 2020

MADRID — Barcelona and Real Madrid will arrive together for the first clásico of the season amid security concerns in the Catalan capital. Spanish authorities have asked the teams to make their bus trips to the Camp Nou at the same time on Wednesday because thousands of Catalan separatists plan a protest near the stadium. The teams will also stay at the same hotel very close to the Camp Nou. More than 25,000 separatists are expected to protest around the stadium, and they could possibly carry out actions inside the venue as well, where nearly 100,000 fans are expected for...

Valencia rallies to beat Lille 4-1 in Champions League

Nov 27, 2020

VALENCIA, Spain — This time Valencia didn't miss its chance to join Chelsea and Ajax at the top of their Champions League group. With four goals in the last 25 minutes, the Spanish club came from behind and beat Lille 4-1 at home on Tuesday to reach seven points in the tight Group H. It is tied with Chelsea and Ajax, which drew 4-4 in a wild game in London. Last-place Lille, with one point, has no chance of advancing following the loss. Valencia also had an opportunity to reach the top in the previous round, but it conceded a...

Benzema leads Madrid to 5-0 win over Leganés

Nov 27, 2020

MADRID — Karim Benzema scored a penalty and set up two more goals to lead Real Madrid to 5-0 victory over Leganés and move into second place in the Spanish league on Wednesday. Madrid climbed to within one point of defending champion Barcelona. The two fierce rivals both have a game to play against each other after last round's "clásico" was postponed until Dec. 18. Granada, now in third place, can move to the top of the table if it beats Getafe on Thursday. Benzema assisted 18-year-old Rodrygo and Toni Kroos for goals in the sixth and eighth minutes. Serio...

Valencia concedes late in 1-1 draw against last-place Lille

Nov 27, 2020

LILLE, France — Valencia conceded a stoppage-time equalizer in a 1-1 draw against last-place Lille on Wednesday to miss an opportunity to move into a three-way tie at the top of Group H in the Champions League. Denis Cheryshev put Valencia ahead in the 63rd minute after a pass by Kevin Gameiro following a fast breakaway by the Spanish club, but substitute Jonathan Ikoné equalized for the hosts with a shot from inside the area in the fifth minute of injury time. A win would have left Valencia with six points, tied with Chelsea and Ajax after three matches, but...

The Latest: Soccer club Barcelona bemoans prison sentences

Nov 27, 2020

MADRID — The Latest on the trial of Catalan politicians and activists over their independence (all times local): 12:55 p.m. Soccer club Barcelona has criticized the Spanish Supreme Court's conviction of 12 Catalan politicians and activists for their role in a 2017 secession attempt, saying "prison is not the solution." The Catalan club said in a statement that the resolution of the independence debate in Catalonia must come "exclusively from political dialogue." It called on "political leaders to lead a process of dialogue and negotiation," and pave the way for the prisoners' release. Barcelona is one of Catalonia's most cherished...

About Us

The Score Daily brings to you the up-to-date record of your favorite sports team. Whether it is soccer, football, basketball, tennis, or rugby - you can get all the latest news update right here as we’ve got you covered.

Contact us: sales[at]thescoredaily.com

Subscribe Now!