About Home Ventilator
Home Ventilator is a device that helps a patient to breathe in oxygen or breathe out carbon dioxide, entirely or partially at home. Ventilators assist in getting oxygen into the lungs and removal of carbon dioxide from the body. A ventilator can be administered non-invasively or invasively to a patient. Nowadays, ventilators available in the market are volume-based or pressure based. Home care ventilators are exclusively used in-home care settings. Moreover, the rising number of COVID-19 patients across the globe this surging the demand for a home ventilator.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.4% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Key players operating in the global home ventilator market include Philips Healthcare, ResMed Inc., GE Healthcare, and Medtronic Plc.The Players having a strong hold in the market are Philips Healthcare, ResMed Inc., GE Healthcare, and Medtronic Plc. Analyst at AMA Research estimates that European and United States Players will contribute the maximum growth to Global Home Ventilator market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Philips Healthcare (Netherlands), ResMed Inc.(United States), GE Healthcare (United States), Medtronic Plc (Ireland), Becton, Dickinson and Company (United States), Fisher & Paykel Healthcare Corp. Ltd. (New Zealand), Getinge (Sweden), Dräger (Germany), Smiths Group (United Kingdom), Hamilton Medical (Switzerland), Air Liquide (France), Zoll Medical (United States) and Allied Healthcare Products (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Vyaire Medical Inc. (United States), Nanotronics (United States), BMC Medical Co. Ltd. (China), Dima Italia Srl (Italy), Drive DeVilbiss Healthcare (United States), Servona GmbH (Germany) and Siare Engineering International Group Srl (Italy).
Segmentation Overview
AMA Research has segmented the market of Global Home Ventilator market by Type (Pneumatic Ventilators, Electronic Ventilators and Electro-pneumatic Ventilators), Application (Respiratory Diseases, Spinal Cord Injuries, Neuromuscular Disorders and Others) and Region.
On the basis of geography, the market of Home Ventilator has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Mode, the sub-segment i.e. Combined Mode Ventilation will boost the Home Ventilator market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Age-Group, the sub-segment i.e. Adult will boost the Home Ventilator market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Mobility, the sub-segment i.e. Intensive Care Ventilators (Basic, Mid-end, High-end) will boost the Home Ventilator market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Interface, the sub-segment i.e. Invasive Ventilation will boost the Home Ventilator market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Due to the Outbreak of Pandemic COVID-19 across the Globe
Market Growth Drivers:
Growing Prevalence of Respiratory Diseases and Growing Preference to Home Health Care Ventilators and Rise in Investment by Public and Private Sectors for the Advancement of Health Care and Surge in Technological Innovations
Challenges:
Resistance From Physicians for Technology Transition
Restraints:
Lack of Awareness among People, Specifically in Developing Countries like India, Brazil, and Many Others
Opportunities:
Manufacturers are Investing Research and Development, Advanced Techniques and Strategies to Develop Novel Processes for Manufacturing of Technologically Enhanced Devices for Homecare Ventilators
Market Leaders and their expansionary development strategies
In October 2022, Max Ventilator on Friday announced that it is all set to expand its niche by rolling out intelligent devices including pulse oximeter, ECG, and monitors. According to the company’s press statement, it has come up with solutions that offer world-class quality at an affordable cost.
In October 2022, Max Ventilator launches new medical devices; Announces niche expansion, The Ventilator manufacturing company also announced that they have high hopes of its portable A4 ECG machine: E200.
Key Target Audience
Home Ventilator Manufacturers, Research Organizations and Consulting Companies, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Other
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.