Ventilation Devices Market Is Expected To Reach USD 1,825 Million by 2030, Grow at a CAGR Of 8.1% during Forecast Period 2023 To 2030 | Data By Contrive Datum Insights Pvt Ltd.
Contrive Datum Insights Pvt Ltd
6 min read
Contrive Datum Insights Pvt Ltd
According to a market research study published by Contrive Datum Insights, The biggest part of the market is in North America, and this is likely to stay the case for the next few years.
Farmington, March 20, 2023 (GLOBE NEWSWIRE) -- 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. Indoor Air Quality (IAQ) is improved by devices that move air from outside to inside. This helps improve the environment inside. Ventilation makes the air inside better and helps keep it at a comfortable temperature when the weather changes.
Traditional systems are becoming less useful because of recent improvements in fan technology, evaporative cooling, and control. As technology gets better and is added to ventilators, the whole system gets easier to use, more efficient, and better at what it does. Heat recovery ventilators, air filters, and other products are getting better as leading manufacturers add programmable controls and other technological advances. This makes things easier to run.
In October 2020, Komfovent updated its "Domekt R 450 V," a second-generation ventilation unit that focuses on rotor speed control, aerodynamic shape sensors, energy class, controller, and other features. The technology for ventilation units is getting better, which is helping to grow the market all over the world.
Modern respiratory ventilators try to keep patients safe and improve breathing while being portable and affordable in a wide range of clinical settings. Mechanical ventilators are the most common type of ventilation device because they work well and have advanced features. Because there are already a lot of ventilators in intensive care units (ICU) and more people are being admitted to ICUs, the market for critical care ventilators is growing the fastest. Modern transport ventilators with more settings are becoming more and more popular in the meantime. The new features of ventilators, like closed-loop modes, automatic weaning, and smart alarm systems, make them easier to use, more effective, and better for patients.
For the best breathing care, ventilators must be able to change based on each person's needs and how their health is doing. This makes patients feel much better and lets them stop taking their medicine earlier. It also cuts down on complications and sedation.
Regional Outlook:
The biggest part of the market is in North America, and this is likely to stay the case for the next few years. Also, the United States has the biggest market share in the area.
In this area, the market will grow steadily over the next few years. Even though revenue growth will be good over the next few years, market growth will be affected by how the economy in Europe is doing. Critical care ventilators are also likely to be at the top of the market for ventilators in the EU.
Because there are so many short-term and long-term respiratory diseases in the Asia-Pacific region, the market there is expected to grow quickly. People who learn more about the devices are likely to drive the market. Critical care ventilators are the most common type of ventilator in the APAC region, as they are in most other places.
The market in South and Central America is growing steadily because demand is growing, healthcare infrastructure is getting better, and distribution networks are getting bigger. High inflation rates and weakening currencies have hurt the public health care budgets of some countries.
During the predicted time period, more people will be able to use the device because more money is being spent on healthcare infrastructure and the Middle East and Africa have state-of-the-art medical research facilities. Also, the number of people will go up, the average life expectancy will go up, and both patients and doctors will know more about what treatments are available.
Invasive Ventilation Devices, Non-invasive Ventilation Devices, Other
By Application
Hospital, Home Care, Ambulance And Clinics, Other
By Companies
Allied Healthcare Products, Philips Healthcare, ResMed, Smiths, Teleflex, Hamilton Medical, GE Healthcare, Medtronic, Becton, Dickinson, Getinge Group, Dragerwerk
Regions and Countries Covered
North America: (US, Canada, Mexico, Rest of North America)
Europe(Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe)
Asia-Pacific (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific)
The Middle East & Africa(Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa)
Latin America(Brazil, Argentina, Rest of Latin America)
Rest Of the World
Base Year
2022
Historical Year
2017 to 2022
Forecast Year
2023 to 2030
Key Segments Covered:
Top Market Players: Allied Healthcare Products, Philips Healthcare, ResMed, Smiths, Teleflex, Hamilton Medical, GE Healthcare, Medtronic, Becton, Dickinson, Getinge Group, Dragerwerk, and others.
By Type
Invasive Ventilation Devices
Non-invasive Ventilation Devices
Others
By Application
Hospital
Home Care
Ambulance And Clinics
Others
Regions and Countries Covered
North America: (US, Canada, Mexico, Rest of North America)
Europe: (Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe)
Asia-Pacific: (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific)
The Middle East & Africa: (Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa)
Latin America: (Brazil, Argentina, Rest of Latin America)
Rest Of the World
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