A ventilator is a medical equipment that assists patients in breathing. It is a type of breathing aid in which an endotracheal tube is inserted into the patient's airway and attached to the Ventilators Market. When a patient is under anaesthesia, they are frequently utilised to put them to sleep without interfering with normal breathing. This method can be used to measure static compliance of airway resistance and irregular respiratory system performance as a diagnostic tool. Because the failure of ventilators can result in death, they are classified as a life-critical system that must be extremely reliable.
The rise of the ventilators market is attributed to an increase in the number of private and public hospitals.
According to the World Health Organization (WHO) fact sheet 2015, chronic obstructive pulmonary disease (COPD) claimed the lives of roughly 3 million people, accounting for 5% of all deaths. Medical ventilators are employed in situations where chronic diseases such as chronic obstructive pulmonary disease (COPD), bronchitis, and asthma are on the rise, as well as a surge in the number of unintentional instances.
Because of the rising incidence of coronary illnesses in North America, the market for ventilators is dominated by the region.
North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The ventilators market is dominated by North America, followed by Europe. According to the American Heart Association, approximately 92.1 million adults in the United States suffer from cardiovascular disease or stroke-related complications in 2017. According to a study conducted by Columbia University's Department of Anesthesiology in 2014, ICU occupancy in the United States ranged from 57.4 percent to 82.1 percent, with the number of beds filled with mechanically ventilated patients ranging from 20.7 percent to 38.9 percent, fueling the market for ventilators in North America.
Major players are launching technologically advanced product to hold the major share in ventilators market
Key players operating the global ventilators market include Becton, Philips Healthcare, ResMed Inc., Medtronic Plc, Dragers Group, Smiths Group Plc, Hamilton Medical, GE Healthcare, and Teleflex Incorporated. Market players are focused on launching new product to maintain lead in the ventilator market.
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