Ventilator Consumables Market Size Was Valued at $2.99 Billion in 2019 and is Estimated to Reach $12.54 Billion by 2027 at a CAGR of 16.5% From 2021 to 2028.

Ventilator are devices that help manage breathing problems in patients, by delivering high concentrations of oxygen to lungs. A patient is connected to a ventilator through an endotracheal tube directly applied to the airway or NIV (Non-invasive ventilation) mask. It is also a diagnostic tool used to measure static compliance of airway resistance and irregular functioning of respiratory system. Ventilator Consumables Market play a vital role in reducing the amount of energy that a patient uses during breathing. Hence, patient’s body can focus on fighting or recovering from other infections. Breathing difficulties can occur owing to many reasons such as injuries to nervous system, unconsciousness due to serious infections, drug overdose, and toxin build-up. Thus, Ventilator Consumables assist patients when certain illnesses prevent normal breathing.

Growth of the global ventilator consumables market is majorly driven by rise in geriatric population, who are prone to respiratory disorders; high prevalence of chronic respiratory diseases; and increase in government expenditures on the healthcare industry. However, a number of limitations are associated with Ventilator Consumables such as high cost of Ventilator Consumables and rise in prevalence of ventilator-associated pneumonia (VAP), which hinders the market growth. The impact of driving factors is expected to surpass that of the restraints. Moreover, technological innovations, portability, and design are expected to provide new opportunities for the market players in the future.

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Market segmentation

Ventilator Consumables market is split by Type and by Application. For the period 2016-2026, the growth among segments provide accurate calculations and forecasts for sales by Type and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type, covers

Filter Film

Mask

Pipeline

Other

Market segment by Application can be divided into

Hospital & Clinic

Household

Other

The Key Market Players for global Ventilator Consumables Market are listed below:

Philips

Medtronic

BD

GE Healthcare

Dräger

Fisher & Paykel

ResMed

Weinmann

MAQUET

Yuwell

Market segment by Region, regional analysis covers

North America (United States, Canada and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

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The hospitals & clinics segment is expected to account for the largest share of the ventilators market in 2019

On the basis of end user, the ventilators market is segmented into hospitals and clinics, home care, ambulatory care center, and emergency medical services. The hospitals and clinics segment is estimated to hold the largest share of the ventilators market in 2019. The large share of this segment can be attributed to hospitals’ financial capabilities to purchase high-priced instruments and the availability of trained professionals to operate ventilators. The growth of this segment can be attributed to the rapidly increasing incidence of coronavirus disease. The COVID-19 outbreak has not only created pressure on healthcare resources but has also increased the number of hospital admissions.

Ventilator/instrument segment is expected to grow at the fastest rate from 2021 to 2028

Based on product type, the ventilator instrument segment is expected to witness rapid growth during the forecast period, mainly due to the higher demand for ventilators in healthcare settings with rising number of ICU beds and high cost of ventilator machines. Moreover, the rising prevalence of acute & chronic diseases; emergence of infectious diseases, such as COVID-19 and Ebola, resulting in the growing demand for ICUs; and increasing number of hospitals are also some of the key factors driving the growth of this segment.

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