Ventilation Devices Market - Global Industry Analysis, Size, Share, Growth Opportunities, Future Trends, Covid-19 Impact, SWOT Analysis, Competition and Forecasts 2022 to 2030
The global Ventilation Devices Market is expected to register USD 1,825 million by 2030, at a CAGR of 8.1% during the forecast period 2022-2030.
Ventilation Devices Market Overview:
Ventilation devices improve Indoor Air Quality (IAQ), which helps improve the environment inside by swapping the air from outside and inside. Ventilation improves the quality of the air inside and helps keep the temperature comfortable when the weather changes.
Recent improvements in fan technology, evaporative cooling, and control are making traditional systems obsolete. As technology improves and is integrated with ventilators, the whole system becomes easier to use, more efficient, and more effective. Leading manufacturers are making improvements to heat recovery ventilators, air filters, and other products by adding programmable controls and other technological advances. This helps operations run more smoothly.
In October 2020, Komfovent updated its "Domekt R 450 V," a second-generation ventilation unit with a focus on rotor speed control, aerodynamic shape sensors, energy class, controller, and other features. Ventilation unit technology is getting better, which is helping the market grow around the world.
Ventilation Devices market size estimates and forecasts are provided in terms of sales volume (K units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Ventilation Devices market in detail. Regional market sizes related to products by type, by application, and by player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and other global crisis.
The Ventilation Devices market research report is categorized based on type, applications and region.
Market Key Players:
Allied Healthcare Products, Philips Healthcare, ResMed, Smiths, Teleflex, Hamilton Medical, GE Healthcare, Medtronic, Becton, Dickinson, Getinge Group, Dragerwerk, and others.
- Invasive Ventilation Devices
- Non-invasive Ventilation Devices
- Home Care
- Ambulance And Clinics
Geographically, the global Ventilation Devices market has been analysed in various regions such as North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA).
North America has the biggest share of the market, and this is likely to stay the case over the next few years. Also, the US has the biggest share of the market in the region.
In this area, the growth of the market will be steady in the coming years. Even though revenue growth will be positive over the next few years, market growth will be affected by how the economy in Europe is doing. The EU ventilators market is also likely to be led by the critical care ventilators segment.
Because there are so many acute and chronic respiratory diseases in the Asia-Pacific region, the market there is expected to grow quickly. The market is likely to be driven by more people learning about the devices. Like most other places, critical care ventilators are the most popular type of ventilators in the APAC region.
The market in South and Central America grows steadily because demand is growing, healthcare infrastructure is getting better, and distribution networks are getting bigger. Some countries' public health care budgets have been hurt by high inflation rates and weakening currencies.
During the forecast period, more people will be able to use the device because more money is being spent on healthcare infrastructure and because the Middle East and Africa have state-of-the-art medical research facilities. Also, the population will grow, life expectancy will rise, and both patients and doctors will know more about available treatment options.
Further the regions are divided into countries as follows
- North America
- Rest of North America
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia-Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Rest of Latin America
Modern respiratory ventilators try to keep patients safe and improve ventilation while being portable and affordable in a wide range of clinical settings. Mechanical ventilators are the most popular type of ventilation device because they work well and have advanced features. Due to the large number of ventilators already in use in intensive care units (ICU) and the growing number of people who are admitted to ICUs, the market for critical care ventilators is the fastest growing market for ventilators. In the meantime, modern transport ventilators with more modes have become more and more popular. The new features of ventilators, such as closed-loop modes, automatic weaning, and smart alarm systems, continue to make them easier to use, more effective, and better for patients.
To provide the best care for breathing, ventilators must be able to adapt to each person's situation and a patient's changing health. This not only cuts down on complications and sedation, but also makes patients much more comfortable and lets them stop taking the medicine earlier.
Ventilation Devices Market report scope
CAGR of 8.1% during the forecast period.
Invasive Ventilation Devices, Non-invasive Ventilation Devices
Hospital, Home Care, Ambulance And Clinics
Allied Healthcare Products, Philips Healthcare, ResMed, Smiths, Teleflex, Hamilton Medical, GE Healthcare, Medtronic, Becton, Dickinson, Getinge Group, Dragerwerk
Regions and Countries Covered
2017 to 2022
2023 to 2030
Key Takeaways from this Ventilation Devices Report
- Estimate Ventilation Devices market potential through analysing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, applications and by different industry verticals.
- Understand the supply chain in depth on the value growth at each step, in order to optimize value and bring effectiveness in your processes.
- Know the different dynamics affecting the market - challenges, key driving factors and opportunities.
- Get a quick viewpoint on the Ventilation Devices market entropy - M&A's, deals, partnerships, product launches of all key companies for the historical 5 years.
- Estimate the supply-demand gaps, import-export data and regulatory landscape for more than top 20 countries worldwide for the market.
- Get complete insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
- Study the sales and distribution channels over key geographies to improve top-line revenues.
Frequently Asked Questions
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