Ventilation Devices Market analysis, outlook and key industry players 2027

Posted by vinit sawant on April 30th, 2021

Global Ventilation Devices Market - Overview

The global Ventilation Devices market size 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 a 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. The demand for ventilation devices in intensive care is due to an increase umber of critically ill patients requiring aid for respiration. Demand for these devices is also increasing in emergency care services in case of life saving treatment.

Increase in incidences of various respiratory diseases and increasing environmental pollution favor the growth of ventilation devices. According to 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.

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.