Global Ventilator Accessories Market is estimated to be USD 2.2 Billion by 2029Posted by NISHA SHAHA on November 26th, 2021 Technological innovations in respiratory care devices adds to the market expansion. The advent of cost-effective, patient-friendly, and portable devices further boosts their usage The global ventilator accessories market accounted for US$ 1.5 billion in 2020 and is estimated to be us$ 2.2 billion by 2029 and is anticipated to register a CAGR of 4.7%. The report \"Global Ventilator Accessories Market, By Product Type (Flow Sensors, Breathing Sets, Expiratory Valves, Endotracheal Tubes, Breathing Circuits, Humidifiers, Interfaces and Masks, and Others), By End User (Hospitals, Ambulatory Surgery Centers, Clinics, Emergency Medical Services, and Long Term Care Centers), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030”. Key Highlights:
Analyst View: High prevalence of chronic respiratory diseases Rising cases of chronic obstructive pulmonary disease (COPD) and respiratory emergencies are the major factors driving the global Ventilator Accessories market growth. According to data published by the World Health Organization (WHO) in 2017, 65 million people suffer from moderate to severe COPD, leading to 3 million deaths. COPD is the third most deadly disease worldwide. Growing cases of bronchitis, asthma, and COPD are due to increase in air pollution levels. WHO reports that 9 out of 10 people are breathing air having a high concentration of pollutants. Further, as per the data stated by United Nations in 2018, the global geriatric population was about 809.4 million, and by 2050 it is expected to rise more than double to reach an projected population of over 2,000 million. The geriatric population is linked with various respiratory severe disorders that needs continuous long term ventilation. Supportive government initiatives Supportive government initiatives, especially in developing countries, will boost the target market development. Key players and Manufacturers in emerging economies, such as India and China, are focusing on creating non-invasive, cost-efficient ventilation systems to meet the local needs and provide flexibility in patient care. Developments, in terms of design, efficiency, and safety resulted in substantial benefits, such as better gas exchange, improved weaning, better oxygenation, and lower damage to the lungs. Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Ventilator Accessories Market”, By Product Type (Flow Sensors, Breathing Sets, Expiratory Valves, Endotracheal Tubes, Breathing Circuits, Humidifiers, Interfaces and Masks, and Others), By End User (Hospitals, Ambulatory Surgery Centers, Clinics, Emergency Medical Services, and Long Term Care Centers), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030 Key Market Insights from the report: The global ventilator accessories market accounted for US$ XXX.X billion in 2020 and is estimated to be XXX.X billion by 2029 and is anticipated to register a CAGR of XX.X%. The market report has been segmented on the basis of product type, end-user, and region.
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