The report states that the global market for ventilators was worth over US$765 million in 2013 and, growing at an estimated CAGR of 5%, will be worth more than US$1 billion by 2020. The ventilators market has witnessed considerable growth over the past few years owing to growing geriatric population and a widening patient pool. The increasing prevalence of chronic obstructive pulmonary disease (COPD) is another factor that fuels the ventilators market. Furthermore, technological advancements in developed countries and their penetration in developing regions, coupled with surging number of intensive care unit beds in emerging economies such as India and China has supported the growth of the ventilators market.
Another factor that boosts the ventilators market is mounting mergers, acquisitions, and joint ventures. For instance, Medtronic’s impending US$42.9 billion deal to acquire Covidien and CareFusion’s acquisition of Brazilian respiratory company Intermed Equipamento Medico Hospitalar are some of the major developments that have fueled the ventilators market.
The report on the ventilators market also highlights potential growth sectors that are expected to propel the market to greater heights by the end of the forecast period. These include software development, demand for facial masks, trend of home ventilation and non-invasive ventilators, and increasing focus by ventilator companies of developing multimodal ventilators to prevent incidences of asynchrony and leg injury. Currently, in terms of adoption of modern, non-invasive ventilator systems, Europe leads the global ventilators market, followed by the U.S. The report states that the penetration of these ventilators in the U.S. is lower compared to Europe owing to lack of initiatives towards increasing respiratory therapy and nursing time and inaccurate perceptions attached to this treatment method.
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With 40 tables and 36 figures presenting accurate and detailed information, the report provides comprehensive data on the major and emerging regional markets and the factors that drive each region. The chief segments of the ventilators market evaluated in the report are: neonatal ventilators, pediatric/adult ventilators, and transport ventilators. Apart from this, the report also analyzes key geographies of the ventilators market: Germany, France, Canada, Spain, India, Brazil, Italy, China, U.S., Australia, U.K., and Japan.
The report discusses in detail, the competitive landscape of the global ventilators market. Some of the leading companies operating in the ventilators market are ResMed, Philips Respironics, CareFusion, Maquet, Covidien, Draegerwerk, Smiths Medical, Air Liquide, GE Healthcare, and Hamilton.
The ventilators market report tracks the recent trends, innovations, and pipeline products that help industry participants make more informed and insightful business decisions.