The latest report on the ICU Ventilator Market is 200 pages long and includes a number of tables and figures. This report covers the period from 2023 to 2031 and offers valuable insights into the market landscape.
Report Ocean, a renowned research firm, has recently unveiled its comprehensive Global ICU Ventilator Market study, offering invaluable insights into the sector. This report delves deep into the market’s dimensions, emerging trends, and forecasts stretching to 2031. By employing a SWOT analysis, it provides an exhaustive assessment of the strengths and weaknesses exhibited by key players in the ICU Ventilator domain.
Global ICU Ventilator Market is valued at approximately USD 1.7 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 7.8% over the forecast period 2020-2027.
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What is the ICU Ventilator Market?
An ICU Ventilator is a life support machine that helps in the process of breathing among patients. ICU Ventilators are also referred to as respirators or breathing machines and they mechanically support the functioning of lungs by inhaling or exhaling the breathable air of the lungs. These machines are mainly utilized to provide temporary respiratory support among patients having illness, congenital defects, trauma, or who are treating with anesthesia. Moreover, the recent outbreak of COVID-19 pandemic around the world has led to a rise in demand for ICU Ventilator and other critical medical supplies to avoid the widespread of novel coronavirus infection and provide better health care to the patient. For instance, according to the Society of Critical Care Medicine, in Q1 2020, the stock of ventilators in U.S. hospitals is nearly 160,000 units. Further, a stockpile of 12,700 with Strategic National Stockpile (SNS) would be offered in the depressing situations.
As per American Association for Respiratory Care, more than 1.0 million COVID-19 cases are active around the world, and approx. 960,000 Americans require mechanical support to breathe in or out during the pandemic.,. Therefore, the demand for ICU Ventilator is significantly rising as they are extensively used to treat and diagnose patients with COVID and other diseases. Furthermore, the rising prevalence of respiratory diseases among people, followed by the growing elderly population around the world are the few factors responsible for the CAGR of the market during the forecast period. According to the World Health Organization (WHO), the number of people aged 65 or above is projected to grow to nearly 1.6 billion by 2050 from 524 million in 2010, with most of the increase in developing countries. This, in turn, is expected to accelerate the market growth around the world. However, the high deployment & maintenance costs and reimbursement concern are the few factors impeding the market growth over the forecast period of 2020-2027.
The regional analysis of the global ICU Ventilator market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the rising prevalence of respiratory disorders, and the presence of a significant number of ventilator manufacturers in the region. Whereas, Asia-Pacific is anticipated to exhibit the highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rising geriatric population and improving healthcare infrastructure would create lucrative growth prospects for the ICU Ventilator market across the Asia-Pacific region.
Major market player included in this report are:
Medtronic plc
Koninklijke Philips N.V.
GE Healthcare
Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
Schiller AG
Dragerwerk AG & Co. KGaA
Vyaire Medical Inc.
Hamilton Medical
Heyer Medical AG
Fisher & Paykel Healthcare Corporation Limited
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Product Type:
High-End ICU Ventilators
Basic ICU Ventilators
Mid-End ICU Ventilators
By Type:
Adult Ventilators
Neonatal Ventilators
Pediatric Ventilators
By Mode:
Combined-Mode Ventilation
Volume-Mode Ventilation
Pressure-Mode Ventilation
Other
By End-User:
Hospitals
Specialty Clinics
Long Term Care Centres
Rehabilitation Centres
By Region:
North America: U.S., Canada
Europe: UK, Germany, France, Spain, Italy, Rest of Europe (ROE)
Asia Pacific: China, India, Japan, Australia, South Korea, Rest of Asia Pacific (RoAPAC)
Latin America: Brazil, Mexico, Rest of Latin America (RoLA)
Rest of the World
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Scope of the Report:
The scope of this report encompasses a comprehensive analysis of the market growth expected to occur from 2023 to 2031. Through meticulous research, we have organized data pertaining to the evolving market structures that exert influence on industries, markets, technologies, and capabilities. Our report presents a thorough examination of relevant statistics, opportunities, challenges, drivers, restraints, limits, market size, share, and trends. By delivering valuable insights, we aim to provide a comprehensive understanding of the market landscape.
Our sample report encompasses the following elements:
- Introduction, Overview, and In-depth Industry Analysis: A comprehensive analysis of the industry, providing an updated report introduction along with an in-depth examination of key aspects.
- Research Report of 200+ Pages: The report consists of more than 200 pages, incorporating the latest research findings and insights.
- Chapter-wise Guidance: We offer chapter-wise guidance upon request, allowing you to navigate the report and delve into specific areas of interest.
- Updated Regional Analysis with Graphical Representation: Our report includes an updated regional analysis, presented in a graphical format to illustrate the size, share, and emerging trends within each region.
- List of Tables and Figures: It features an updated list of tables and figures that support the information presented in the report.
- Top Market Players: The report includes a comprehensive analysis of the leading market players, highlighting their business strategies, sales volume, and revenue analysis.
- Facts and Factors Research Methodology: Our research methodology is based on a rigorous approach, ensuring the accuracy and reliability of the information presented in the report
Our most recent research report showcases the thriving expansion of the global ICU Ventilator Market and offers in-depth insights into the projected market size, share, and revenue until 2031.
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