Ventilator Market Worth 1,012.3 Million USD by 2021

Aug 29, 2016, 09:30 ET from MarketsandMarkets

PUNE, India, August 29, 2016 /PRNewswire/ --

 According to a new market research report "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", published by MarketsandMarkets, The global market is expected to reach USD 1,012.3 Million by 2021 from USD 690.8 Million in 2016, at a CAGR of 7.9% from 2016 to 2021.

Browse 129 market data Tables and 50 Figures spread through 174 Pages and in-depth TOC on "Ventilator Market"

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The growth of the Ventilators Market is attributed to the increasing number of private and public hospitals and the consequent rise in the number of intensive care beds. Lightweight and portable ventilators are being increasingly adopted by end users. Manufacturers are increasingly focusing on improving technologies to prevent lung injuries and reduce the time spent on mechanical ventilation. The increasing adoption of non-invasive ventilation is a key market trend. The growing demand for home-care ventilators and high growth in developing countries across APAC and Latin America present growth opportunities for market players.

In this report, the Ventilators Market is segmented based on product type, age group, interface, mode, end user, and region. This report also discusses the key market drivers, restraints, opportunities, and challenges for this market and its submarkets.

In 2015, the hospitals and clinics end-user segment accounted for the largest share of the Ventilators Market. The increasing number of hospitals and increasing per capita income are key drivers for this end-user segment.

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The major players in the Ventilators Market are Philips Healthcare (Netherlands), ResMed Inc. (U.S.), Medtronic plc (Ireland), Becton, Dickinson and Company (U.S.), Getinge Group (Sweden), Dräger Group (Germany), Smiths Group plc (U.K.), Teleflex Incorporated (U.S.), Hamilton Medical AG (Switzerland), and GE Healthcare (U.S.).

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