What is Critical Care Ventilators Market Scope?
Critical care ventilators are used to provide ventilatory support for patients who cannot breathe on their own or who require assistance to maintain adequate ventilation. Patients ventilated by these devices can range in age from neonates to adults and can vary in condition from very critical, unstable patients to relatively stable postoperative patients. Critical care ventilators are typically used in critical care areas of the hospital; they may be used in other care areas as well.
Influencing Trend:
Expansion of Product Portfolio through New Launches
Market Growth Drivers:
Growing Partnerships across Value Chains to Improve Hospital Infrastructure, The Growing Corona Virus Cases across the Globe, Rapid Growth in the Geriatric Population and Growing Chronic and Surgical Problems Are Increasing the Demand for Critical Care Ventilators
Challenges:
Lack of Awareness and Large Undiagnosed and Undertreated Population
Restraints:
High Cost Associated With Critical Care Ventilators
Opportunities:
Growth Opportunities in Emerging Countries
The Critical Care Ventilators market study is being classified by Type (Portable Ventilators and Stationary Ventilators), by Application and major geographies with country level break-up.
The market is moderately concentrated due to the presence of leading companies within the industry. These players are adopting some organic and inorganic strategies such as a merger, acquisition, partnerships, product launches, among others in order to gain leading share within the market. Some of the players are focusing on technological advancements in order to cater to the advanced products as per the market necessities. These days, the coronavirus outbreak has created a rapid demand for critical care ventilators across the globe. Most of the countries are facing a shortage of critical care ventilators due to the rise in coronavirus patients. Thereby, the companies have doubled their production in order to fulfill the growing demand for critical care ventilators. Analysts at AMA predicts that Players from United States and Switzerland will contribute to the maximum growth of Global Critical Care Ventilators market throughout the predicted period.
GE Healthcare (United States), Drägerwerk AG and Co. KGaA (Germany), Getinge AB (Sweden), Hamilton Medical (Switzerland), Koninklijke Philips N.V. (Netherlands), Medtronic (Ireland), Vyaire Medical Inc. (United States), ResMed (United States), Becton Dickinson (United States) and Smiths Group (United Kingdom) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Hamilton Medical (Switzerland), Fisher & Paykel (New Zealand), Invacare (United States), Getinge Group (Sweden) and Schiller (Switzerland).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Critical Care Ventilators market by Type, Application and Region.
On the basis of geography, the market of Critical Care Ventilators 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).
Market Influencers and their Development Strategies
On 22 March 2020, Royal Philips, a global leader in health technology, today announced that it is increasing the production of certain critical care products and solutions to help diagnose and treat patients with the new coronavirus disease (COVID-19). The most needed products are patient vital signs monitors and portable ventilators and medical consumables for non-invasive and invasive ventilation to treat a broad range of respiratory conditions.
On 24 March 2020, Hillrom More Than Doubles Production of Critical Care Products, Including Ventilators, Hospital Beds and Vitals Monitoring Devices to Support COVID-19 Response. The company announced actions it is taking to support customers and caregivers with critical care products necessary to meet COVID-19 patient needs.
Key Target Audience
Critical Care Ventilators Manufacturers, Critical Care Ventilators Sub Component Manufacturers, Critical Care Ventilators Traders/Distributors, Critical Care Ventilators Importer/Exporter, Regulatory & Government Bodies, End Users, Research & Consulting Firms and Others
Critical Care Ventilators Market Study: Important Years
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Critical Care Ventilators Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Critical Care Ventilators industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.