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The global Ventilator market is forecast to grow at a rate of 24.7% in terms of value, from 2020 to reach USD 26.66 Billion by 2027, according to a new report by Reports and Data. The demand for the global ventilator market is growing due to the increase in the number of patients suffering from COVID-19.<br><br>
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Market Summary The increase in respiratory disorders due to the growing pollution, coupled with technological advancements are driving the market.Market Size – USD 4.61 Billion in 2019, Market Growth - CAGR of 24.7%, Market Trends – Growth in the Covid-19 infected case.The global Ventilator market is forecast to reach USD 26.66 Billion by 2027, according to a new report by Reports and Data. The ventilator market is witnessing a drastic increase in demand owing to the growing incidence of patients suffering from COVID-19. The number of cases are growing rapidly and the hospitals currently does not have enough for the patients that need them. Increase in the number of ICU beds and rise in geriatric population are propelling the demand of the market. The elderly and the ones with respiratory diseases are highly susceptible to the virus. Further key findings from the report suggest : • The adoption of the non-invasive ventilator is due to the increasing acceptance of the therapeutic method that has contributed significantly to the development of respiratory medicine over the past few decades. • In the year 2019, 77,000 new ventilators were quite enough to fulfill the demand of the entire planet. In April 2020, the New York City alone forecasts a need for 30,000 extra machines. www.reportsanddata.com
Key Players: • Becton, Dickinson and Company, Koninklijke Philips N.V., Hamilton Medical AG, Fisher & Paykel Healthcare, Limited, Draegerwerk AG CO. KGaA, Medtronic PLC, GE Healthcare, Smiths Group PLC, ResMed Inc., and Maquet Holding B.V. & Co. KG, among others. • Segmentation: • Type Outlook (Revenue, USD Billion; 2017-2027) • Mechanical Ventilators • Invasive Ventilator • Non-Invasive Ventilator • Target Population Outlook (Revenue, USD Billion; 2017-2027) • Pediatric • Adult • Geriatric • Others • End User Outlook (Revenue, USD Billion; 2017-2027) • Hospitals and Clinics • Home Care • Ambulatory Care Centers www.reportsanddata.com
Regional Ventilator Market (Regional Output, Demand & Forecast by Countries):- • North America (United States, Canada, Mexico) • South America (Brazil, Argentina, Ecuador, Chile) • Asia Pacific (China, Japan, India, Korea) • Europe (Germany, UK, France, Italy) • Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) and More. www.reportsanddata.com
Major highlights of the report: • An all-inclusive evaluation of the parent market • The evolution of significant market aspects • Industry-wide investigation of market segments • Assessment of the market value and volume in the past, present and forecast years • Market share evaluation • Study of niche industrial sectors • Tactical approaches of the market leaders • Lucrative strategies to help companies strengthen their position in the market www.reportsanddata.com
About Us: Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Contact Us: John Watson Head of Business Development Reports And Data | Web: www.reportsanddata.com Direct Line: +1-212-710-1370 E-mail: sales@reportsanddata.com
