Ventilator Market By Key Players, Deployment Type, Applications, Vertical, and Region – Forecast

In a recent published report, Kenneth Research has updated the Market report for Ventilator Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Ventilator Market Products.

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The Indian medical devices sector is largely import dependent and the market for ventilators isn’t too different. The market is characterized by high dependency on imports despite the presence of a large number of domestic players. This is because instead of manufacturing, players find it more profitable to import products from big foreign companies. The growing target base of consumers is expected to boost sales and the market is expected to exhibit steady growth in future.

According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018. Moreover, growing concern for deaths caused due to various diseases and the need for treatment that can lower the crude death rate, which in the year 2019 recorded close to 7% (per 1000 people), are also anticipated to drive the market growth during the forecast period.

The report provides a snapshot of the ventilator market. It begins with the introduction section which mentions the features and uses of a ventilator along with a brief description of the segments available in the market. The market overview section provides an insight into the market and highlights the market size both in terms of value as well as in terms of units. Growth in the market in the coming years has also been forecasted.

“Final Report will add the analysis of the impact of COVID-19 on this industry.”

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An analysis of the drivers explains the factors leading to the growth of the market which include improving hospital infrastructure, advancements in technology, flexibility of care, growing incidence of diseases, changing demographics, home care ventilation and non invasive ventilation. Some of the major challenges to the market are import of poor quality used machines, lack of standard regulatory structure and government initiatives and problems associated with usage. There are various technological trends taking place in the market which include Neurally Adjusted Ventilatory Assist (NAVA), Adaptive Support Ventilation (ASV), High Frequency Oscillatory Ventilation (HFOV) and Synchronous Intermittent Mandatory Ventilation (SIMV).

The competition section highlights the features of the major players operating in the market. A brief profile of the major domestic and foreign players in the market along with their financials has been included in this section.

A section providing strategic recommendations has been given at the end of the report which gives effective solutions to existing and potential for improving market share and increasing profitability.

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analys  & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  •  Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook

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