Ventilators Market Size, Share, Forecast, Company Growth, Company Profiles and Key Regions 2018 - 2026

 

A ventilator is a medical equipment that assists patients in breathing. An endotracheal tube is aimed towards the patient's airway and attached to a ventilator system in this type of breathing aid. They are frequently used during surgery to put a patient to sleep without interfering with normal respiration. This method can be used to measure static compliance of airway resistance and irregular respiratory system performance as a diagnostic tool. Ventilators are classified as life essential systems because their failure might result in death, hence they must be extremely reliable.

The rise in prevalence of chronic respiratory diseases such as lung cancer, chronic obstructive pulmonary disease (COPD), asthma, bronchitis, and other lung disorders, as well as the number of hospitals and diagnostic centres, are driving the Ventilators Market. According to Globocan 2020, lung cancer is the second most common cancer in Europe, with an anticipated 477,534 newly diagnosed cases. Furthermore, one of the market's main drivers is the rise in the number of elderly people who are sensitive to respiratory diseases. According to the American Cancer Society's 2021 Statistics, the majority of adults over 65 are at risk of lung cancer.

COVID-19 Pandemic's Impact on Mechanical Ventilator Market (Pre & Post Analysis)

Furthermore, the COVID-19 pandemic has accelerated market expansion. COVID-19 infection causes respiratory failure, necessitating critical care and ventilator assistance. Mechanical ventilation has been used to oxygenate very ill COVID-19 patients on a daily basis. Furthermore, new delta and omicron COVID-19 variants with a high spreading rate discovered in mid-November 2021 have raised the risk of a global third wave. Furthermore, prominent manufacturers in the mechanical Ventilators Market, as well as the government, have taken steps to increase market production in order to meet the increased demand for ventilators during the pandemic.

The ventilator is a piece of technology used in intensive care units to assist patients who are unable to breathe on their own. Ventilators are used in hospital settings, rehabilitation centres, and at home, and can be used on the system either temporarily or permanently (as in long-term care). A ventilator consists of mechanical ventilation, an endotracheal tube, and a nasogastric drain. By delivering oxygen Ventilators Market eliminate carbon dioxide from the patient's body. It is used to keep individuals alive, but not to treat diseases or medical conditions. Patients with chronic disorders such as chronic obstructive pulmonary disease (COPD), asthma, brain injuries, and strokes are treated with mechanical ventilation.

To maintain their dominance in the ventilators market, key players are releasing technologically upgraded products.

 

Becton, Philips Healthcare, ResMed Inc., Medtronic Plc, Dragers Group, Smiths Group Plc, Hamilton Medical, GE Healthcare, and Teleflex Incorporated are among the major participants in the worldwide ventilators market. To maintain their advantage in the ventilator market, market players are focusing on launching new products. Smiths Medical, for example, makes a medical ventilator.