Increasing investment in healthcare and improving healthcare infrastructure are key factors driving market growth
The global emergency ventilator market size is expected to reach USD 1,616.13 Million in 2028 registering a CAGR of 16.2% over the forecast period, according to a latest report by Reports and Data. Major factors driving market revenue growth are increasing investment in healthcare, improving healthcare infrastructure and increasing public awareness about health and safety. Ventilators are essentially machines that help patients breath when they are not able to breath of their own. Emergency ventilators are compact ventilators suitable for emergency and disaster relief situations, deployed in ambulances, or ambulatory clinics, public areas and also for intra-hospital and inter-â€‹hospital purposes.
The COVID-19 pandemic has become one of the chief driving forces for the emergency ventilator market. With the rapid spread of the virus across the world, a global shortage of ventilators has emerged, necessitating numerous efforts. While industry focuses on producing medical-grade equipment, a number of low-cost, less complex emergency ventilators have been produced, primarily through academic and open-source channels, with the hopes of filling any temporary gaps until medical-grade ventilators become available. Many medium and lower-income countries are in desperate need of ventilators because they lack adequate equipment and their critical care systems are still in their infancy, which has generated a significant opportunity for the emergency ventilator industry.
A flurry of activities centred on developing low-cost emergency ventilators that can be deployed quickly. Utilisation of generic off-the-shelf parts, readily available materials, and inexpensive fabrication procedures are significant features of these devices. These devices only have a fraction of the capability of traditional ventilators and would only be justified in emergency situations if standard medical equipment is unavailable or prohibitively expensive.
The negative effects of invasive emergency ventilators and the rising cases of infection with the use of unsterilized ventilators are expected to restrain market growth to a certain extent over the forecast period.
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Some of the key companies operating in the global Emergency Ventilator market are:
Koninklijke Philips N.V., ResMed, Medtronic plc, Becton, Dickinson and Company, Getinge, Drägerwerk AG, Smiths Group plc, Hamilton Medical, GE Healthcare, Fisher & Paykel, Air Liquide, Zoll Medical Corporation, Allied Healthcare Products, Inc., Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Schiller
The pharma and healthcare sector is rapidly growing in the recent past and is expected to register substantial revenue share over the forecast period of 2028. Factors such as technological developments in the healthcare and pharma field, improving healthcare infrastructure and increasing healthcare expenditure are key factors boosting market growth. The market dynamics have completely changed after the outbreak of COVID-19 pandemic. Increasing prevalence of various chronic diseases, high occurrence of diabetes, cancer and cardiovascular disorders and rising number of accidents across the globe are fueling growth of the global Emergency Ventilator market. In addition, increasing investments in research and development activities, high adoption of personalized medicines and ongoing research on drug discovery are further boosting market growth.
The report is curated using extensive primary and secondary research which is thoroughly evaluated by industry experts and professionals. Advanced analytical tools such as SWOT analysis, Porter's Five Forces Analysis, and investment return analysis are used to obtain the report data. This data is represented through various diagrams, graphs, tables, and charts to help the reader understand the market dynamics accurately. The report also provides information about each market player, its global position, business expansion plan financial status, license agreement, and product and services portfolio.
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Some Key Highlights in the Report:
- On the basis of mode, the market is segmented as volume-controlled ventilation modes, pressure-controlled ventilation modes, assisted ventilation mode.
- On the basis of type, the market is segmented as adult, pediatric and neonatal. In 2020, the adult segment accounted for the largest market revenue share.
- On the basis of interface, the market is segmented as invasive and non-invasive. While the invasive interface is riskier to the patient than non-invasive interface, many critical patients need invasive ventilators to survive.
- On the basis of end use, the market is segmented as hospital, ambulance, ambulator services and home use. In 2020, the hospital end use segment accounted for the largest market revenue share.
- North America emergency ventilator market is expected to account for largest revenue share over the forecast period due to technological innovation and advances in healthcare infrastructure
- Revenue from the Asia Pacific emergency ventilator market is expected to expand at a significantly high CAGR due to government initiatives for increasing expenditure in the healthcare sector and increasing severity of COVID-19 situation in countries like India where emergency ventilators are in high demand.
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Segments covered in the report:
For the purpose of this report, Reports and Data has segmented the global emergency ventilator market on the basis of mode, type, interface, end use, and region:
Mode Outlook (Revenue, USD Million; 2018 - 2028)
- Volume-Controlled Ventilation
- Pressure-Controlled Ventilation
- Assisted Ventilation
Type Outlook (Revenue, USD Million; 2018 - 2028)
Interface Outlook (Revenue, USD Million; 2018 - 2028)
End Use Outlook (Revenue, USD Million; 2018 - 2028)
- Ambulatory Service
- Home use
- North America (U.S., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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