Global Ventilators Market - 50% Market Share Held by 5 Top Companies

Aug 31, 2016, 12:45 ET from RnR Market Research

PUNE, India, August 31, 2016 /PRNewswire/ --

The ventilators market is projected to reach $ 1,012.3 million by 2021, growing at a CAGR of 7.9% during the forecast period of 2016 to 2021 propelled by increasing number of hospitals and increasing per capita income while hospitals and clinics end-user segment accounted for the largest share of the global ventilators market.

Complete report on global ventilators market spread across 174 pages, profiling 10 companies and supported with 129 tables and 50 figures is now available at .

Rising geriatric population, growing prevalence of respiratory diseases, and increasing number of preterm births are expected to fuel the growth of this market in the coming years. Several manufacturers focus majorly on launching new products in order to achieve growth in the ventilators market. They are also focusing on acquiring local and international players to expand their portfolios and enhance their distribution channels in emerging markets. Technological advancement is another key focus area for manufacturers to improve technologies and thus prevent lung injury and reduce the time spent on mechanical ventilation.

North America is the largest market for ventilators, followed by Europe. Asia-Pacific possesses lucrative growth potential for the ventilators market during the forecast period. The rising geriatric population, growing per capita income, increasing investments in the healthcare industry by key market players, rising demand for cutting-edge technologies, and expansion of private hospitals in rural areas are the major factors driving growth of the ventilators market in this region.

The global ventilators market is segmented based on product type, age group, interface, mode, and end user. Based on product type, the ventilators market is segmented into intensive care ventilators and portable/transportable ventilators. Based on age group, the ventilators market is segmented into adult/pediatric ventilators and neonatal/infant ventilators. The global ventilators market is consolidated at the top with 5 companies accounting for more than half of the global market share.

 The major players in the market include Philips Healthcare (Netherlands), ResMed Inc. (U.S.), Medtronic plc (Ireland), Becton, Dickinson and Company (U.S.), and Getinge Group (Sweden). Some of the other players in this market are Dräger Group (Germany), Smiths Group plc (U.K.), Teleflex Incorporated (U.S.), Hamilton Medical AG (Switzerland), and GE Healthcare (U.S.). Order a copy of Ventilator Market by Type (Intensive Care, Portable), Age Group (Adult, Infant), Mode (Volume, Pressure, Combined), Interface (Invasive, Non-invasive), End User (Hospital, Home Care, Ambulatory Care Center) - Global Forecast to 2021 research report at .

Based on mode, the market is segmented into combined-mode ventilation, volume-mode ventilation, pressure-mode ventilation, and others. Based on interface, the market is segmented into invasive ventilation and non-invasive ventilation. On the basis of end user, the market is segmented into hospitals &clinics, home care, and ambulatory care centers. This report also provides market information across major regional segments, namely, North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. These regions are further segmented at the country level.

On a related note, another research on Organ Preservation Market Analysis & Forecasts to 2021 says, University of Wisconsin segment is expected to account for the largest share of the organ preservation market. North America is expected to account for the largest share of the global organ preservation market, followed by Europe, Asia-Pacific, and the RoW. The global market is expected to reach USD 241.2 million in 2021 from USD 165.9 million in 2015 at a CAGR of 7.8%. Companies like Organ Recovery Systems, Xvivo Perfusion AB, Essential Pharmaceuticals LLC, Dr. Franz Kohler Chemie GmbH and Waters Medical Systems LLC have been profiled in this 127 pages research report available at .

Explore more reports on Life Sciences market at .

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