Ventilators Market to Reach 2,636.2 million USD by 2023, Says Meticulous Research™

Thursday, March 22, 2018 11:41 AM UTC

LONDON, March 22, 2018 -- According to the latest publication from Meticulous Research™, the ventilators market to reach USD 2,636.2 million by 2023, growing at a CAGR of 7.2% from 2018.

“Increasing incidence of respiratory disease as a result of excessive tobacco consumption, increased level of air pollution, and rising geriatric population; rising incidence of shortness of breath in patients with chronic disease; and increasing incidence of preterm births are the key factors supporting the growth of ventilators market.” mentions Meticulous Research™.

The global ventilators market is mainly segmented by product, interface, mobility, age group, mode, end user, and geography. The report also states that, “on the basis of interface, invasive ventilators held the largest share of this market in 2017, primarily attributed to the higher application of invasive ventilators in aged population admitted to intensive care units due to chronic respiratory diseases, neurological diseases, and sleeping disorders”.

On the basis of age group, adult & pediatric segment held the largest share in 2017, primarily due to “higher adoption of ventilation support in elderly population due to increasing incidence & prevalence of chronic diseases such as COPD and lung infections with aging, increasing consumption of tobacco and related products, and rising pollution level”.

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The key players in this market are Philips Healthcare, ResMed Inc., Medtronic plc, Dräger, Smiths Group, Getinge, GE Healthcare, Becton, Dickinson and Company, Fisher & Paykel, Air Liquide, Hamilton Medical, Zoll Medical Corporation, Allied Healthcare Products, Airon Mindray, and Schiller AG.

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Scope of the Report:

Market by Product: