Medical Ventilators Market by Product, Technology, End-user, and Geography - Forecast and Analysis 2020-2024

The medical ventilators market and it is poised to grow by USD 1.52 billion during 2020-2024, decelerating at a CAGR of over 7% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

Frequently Asked Questions-

• Based on segmentation by product, which is the leading segment in the market?
• The ICU ventilators segment is expected to be the leading segment in the global market during the forecast period.
• What are the major trends in the market?
• Development of ventilators with automatic adaptation is one of the major trends in the market.
• Who are the top players in the market?
• Draegerwerk AG & Co. KGaA, Fisher & Paykel Healthcare Corp. Ltd., General Electric Co., Getinge AB, Hill-Rom Holdings Inc., Koninklijke Philips NV, Medtronic Plc, ResMed Inc., Shenzhen Mindray Bio-Medical Electronics Co. Ltd., and Smiths Group Plc. are some of the major market participants.
• What are the key market drivers and challenges?
• Increasing prevalence of respiratory disorders is one of the major factors driving the market. However, the limited reimbursement to patients restrains the market growth.
• How big is the North America market?
• The North America region will contribute 35% of market growth.

The market is fragmented, and the degree of fragmentation will decelerate during the forecast period. Draegerwerk AG & Co. KGaA, Fisher & Paykel Healthcare Corp. Ltd., General Electric Co., Getinge AB, Hill-Rom Holdings Inc., Koninklijke Philips NV, Medtronic Plc, ResMed Inc., Shenzhen Mindray Bio-Medical Electronics Co. Ltd., and Smiths Group Plc are some of the major market participants. The increasing prevalence of respiratory disorders will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Medical Ventilators Market 2020-2024: Segmentation

Medical Ventilators Market is segmented as below:

• Technology
• Invasive
• Non-invasive
• Geography
• North America
• Europe
• Asia
• ROW
• Product
• ICU Ventilators
• Portable Ventilators
• End-user
• Hospitals
• ASCs
• Home Care

Medical Ventilators Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The medical ventilators market report covers the following areas:

• Medical Ventilators Market Size
• Medical Ventilators Market Trends
• Medical Ventilators Market Analysis

This study identifies ventilators with automatic adaptation as one of the prime reasons driving the medical ventilators market growth during the next few years.