The global “Ventilators Market”, size is estimated to gain momentum on account of the increasing number of ICU admissions that require mechanical ventilation. This is further attributed to the growing prevalence of chronic diseases that requires critical care equipment such as incubators, ventilator, and other devices. A recent report by Fortune Business Insights, titled, “Ventilator Market Size, Share & Covid-19 Impact Analysis, By Type (Adult, and Pediatric & Neonatal), By Interface (Invasive, and Non-invasive), By End User (Hospitals, Specialty Clinics, and Others), and Regional Forecast, 2020-2027”, offers a comprehensive overview of the market. According to this report, the value of the market was USD 2.54 billion in 2019 and is expected to reach USD 9.13 billion by the end of 2027 with a CAGR of 5.0% between 2020 and 2027.
The global economy is facing huge losses on account of the current outbreak of the COVID-19 pandemic. Most of the businesses are at a halt and the ones that are running through minimum contact medium, are scantily drawing bare minimum revenues. However, we hope to overcome this situation soon with the government support. We, at Fortune Business Insights, are offering analytical reports on the impact of COVID-19 on various markets so that the investors can scrutinize them and accordingly make long-term investment decisions.
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| North America | United States, Canada and Mexico |
| Europe | Germany, UK, France, Italy, Russia and Turkey etc. |
| Asia-Pacific | China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam etc. |
| South America | Brazil, Argentina, Columbia etc. |
| Middle East & Africa | Saudi Arabia, UAE, Egypt, Nigeria and South Africa |
Poor Air Quality due to Harmful Emissions to Propel Market Growth
Rising environmental pollution has degraded the air quality. This has adversely impacted the health of people. The poor air affects productivity, impairs cognitive functions, and causes skin and lung ailments. It is also reported that inhaling bad air can cause sick building syndrome (SBS), which causes the feeling of headache, nausea, dizziness, dry cough, and flu-like symptoms. Therefore people are now inclined toward air exchangers. This is likely to promote energy recovery ventilator market growth. ERVs are capable of continuously replacing bad and humid air with fresh outdoor air. It also captures household chemicals and lowers energy usage in buildings. Furthermore, regulated policies on carbon emission are driving market growth.
Major Ventilator Market Key players covered in the report include:
- GE Healthcare
- Hamilton Medical AG
- Vyaire Medical, Inc.
- Medtronic
- Koninklijke Philips N.V.
- Drägerwerk AG & Co. KGaA
- Getinge AB
- Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
- Other vendors
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