iCrowdNewswire   Jan 26, 2021  6:00 AM ET

An increase in incidences of various respiratory diseases and increasing environmental pollution favor the growth of ventilation devices. According to the Forum of International Respiratory Societies, COPD affects more than 200 million people and is the fourth leading cause of death in the world. COPD is the only major disease that is increasing in prevalence worldwide and on all continents. Furthermore, studies show that underdiagnosis ranges 72–93%.

The global market of Ventilation Devices is expected to reach USD 6.10 billion in 2027 with a CAGR of approximately 12.45% during the forecast period 2017-2027. According to a recent study report published by the Market Research Future, the global ventilation devices market is expected to gain eminence over the forecast period. The market is forecasted to demonstrate steady growth by 2027, surpassing its previous growth records in terms of value with a constant CAGR during the anticipated period (2017 – 2027).

A ventilator is a machine designed to move air into and out of the lungs, to provide breathing for a patient who is physically unable to breathe, or breathing insufficiently. Modern ventilators are electronically controlled by a small embedded system to allow exact adaptation of pressure and flow characteristics to an individual patient’s needs. Fine-tuned ventilator settings also serve to make ventilation more tolerable and comfortable for the patient. Various products are available in the market to aid respiration. Intensive care ventilators are most widely used. 

Top Leading Market Players:

Allied Healthcare Products (U.S), Philips Healthcare (Netherlands), ResMed (U.S.), Smiths Group plc (U.K.), Teleflex Incorporated (U.S.), Hamilton Medical AG (Switzerland), GE Healthcare (U.S.), Medtronic (Ireland), Becton, Dickinson and Company (U.S.), Getinge Group (Sweden), Drägerwerk AG & Co. KGaA (Germany), and others are some of the prominent players at the forefront of competition in the Global Ventilation Devices Market and are profiled in MRFR Analysis. 

Global Ventilation Devices Market – Competitive Analysis

The market for ventilation devices is characterised by the presence of several well-established and small players, the global market of ventilation devices appears to be highly competitive and fragmented. Major players are increasingly expanding their footprint in the emerging nations, making it putting pressure on the regional players, especially in terms of features such as type, product portfolios, and pricing. The market is witnessing intensified competition which is expected to get more intensified further during the forecast period.

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The market is witnessing intensified competition which is expected to get more intensified further during the forecast period. The demand for ventilation devices is increasing in emergency care services and intensive care units. In ICU, patients require ventilation devices to aid respiration. Growing demand for advanced products has forced the companies to deliver innovative products and cost effective to their customers.

Moreover, Company like ResMed that manufactures ventilation devices named Astral 150 and Astral 100 has acquires Maribo Medico a market leader in Sleep and Respiratory Care in Denmark. Both the company Maribo and ResMed together aims to accelerate growth while improving patient quality-of-life and reducing total healthcare system costs in Denmark. This combination is part of our global goal of improving 20 million lives by 2020.

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Market Research Future (MRFR) is a world-renowned market research company that offers a wide range of services, complete with accurate and precise analysis about diverse markets, sub-markets and target consumers. Our approach is a combination of extensive information and multiple data sources that help provide an exhaustive comprehension about the latest major developments to the client, in addition to future events and what measures and decisions to take on the basis of the same.

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