What is Ventilator Circuits Market?
The ventilator circuit is a gas pathway that connects the ventilator to the patient, as well as any devices that might be connected to the circuit. It connects patients' lungs to the mechanical ventilator. These tubes are of high quality that has good flexibility and bending resistance, not meanders, not broken, that mechanical ventilation in the process smooth gas supply. Increased Demand for Ventilators Worldwide Due to Current COVID-19 Pandemic, Rise in the Number of Hospitals and Clinics and Increased Prevalence of Life-Threatening Diseases are the driving factors for ventilator circuits market.
The market study is being classified by Type (Open, Semi-Open and Closed) and major geographies with country level break-up.
Smiths Medical, Inc. (United States), Vyaire Medical, Inc. (United States), Care Fusion (United States), Philips Healthcare (Netherlands), Teleflex (United States), Hamilton Medical (Switzerland), Fisher and Paykel Healthcare (New Zealand), Cardinal Health, Inc. (United States), O-Two Medical Technologies Inc. (Canada) and Armstrong Medical Ltd (United Kingdom) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Bio-Med Devices, Inc. (United States), Medec International (Belgium) and Fritz Stephan GmbH (Germany).
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain competitive advantage through combined collaborations Research Analyst at AMA predicts that Global Players will contribute to the maximum growth of Global Ventilator Circuits market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Ventilator Circuits market by Type, Application and Region.
On the basis of geography, the market of Ventilator Circuits 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increased Demand for Ventilators Worldwide Due to Current COVID-19 Pandemic
- Rise in the Number of Hospitals and Clinics
- Increased Prevalence of Life-Threatening Diseases
Market Trend
- Technological Advancements in the Healthcare Sector
- Increased Healthcare Infrastructure in Emerging Economies
Restraints
- Fluctuations in the Raw Material Prices such as Silicone
- Availability of Less Quality Products in Cheaper Rates
Opportunities
- Growing Healthcare Industry Worldwide
- Increasing Demand from Developing Regions
Challenges
- Stringent Government Rules and Regulations
In April 2018, Vyaire Medical has acquired neonatal ventilation equipment developer Acutronic for an undisclosed amount and said it inked a deal to acquire mechanical ventilation dev IMTmedical.
Key Target Audience
Ventilator Circuits Manufacturers, Raw Material Suppliers, Distributors, Emerging Companies and End-users