Global Portable Ventilators Market Report 2020: Market is Estimated to be $720 Million in 2020 and is Expected to Reach $1,009.8 Million by 2025

Dublin, IRELAND


Dublin, Jan. 22, 2021 (GLOBE NEWSWIRE) -- The "Global Portable Ventilators Market (2020-2025) by Mode, Age, Interface, End User, Mode of Distribution, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.

The Global Portable Ventilators Market is estimated to be USD 720 Mn in 2020 and is expected to reach USD 1,009.8 Mn by 2025, growing at a CAGR of 7%.

The factors fueling the growth of the portable ventilator market are increasing incidences of breathing diseases and respiratory problems among the growing population. Additionally, the increasing smoking population is another factor for the increased demand for portable medical ventilators.

The intervention of innovative technology in the healthcare sector has improved operational conduct and has provided the patients with intensive care solutions. The market is expected to expand due to rapid development in technology. Advancement in technology has enabled these ventilators to be used anywhere and anytime by the patient without any medical set-up.

The world is currently hit by the pandemic of COVID-19. This disease leads to multiple organ failure, acute & severe respiratory disorders, pneumonia, and even death due to breathing issues in some severe cases. Hence, a surge in the number of people with Covid-19 is anticipated to boost the global demand for portable ventilators.

However, the high cost associated with portable medical ventilators is one of the major factors that are likely to hinder the growth of the portable ventilators market soon. Also, the availability of low-cost non-branded products available in the market creates a challenge for branded ventilator producers.

Report Scope

Based on Mode, the portable medical ventilator market is categorized into Combined, Volume, and Pressure Mode Ventilation. Pressure-Mode Ventilation segment is expected to gain maximum revenue during the forecast period due to its usages on patients with respiration issues. It is the preferred technique in most clinical centers to avoid alveolar over distension.

Based on the Interface, the Invasive Ventilation is projected to hold the maximum share of the market owing to its increasing demand in the treatment of respiratory disorders, neurological diseases, and sleeping disorders among the huge population globally. The Non-Invasive Ventilation segment will influence the market by its usage in the provision of ventilatory support through the patient's upper airway using a mask or similar kind of device.

Based on End-user, the Homecare segment is likely to expand during the forecast period. The increasing geriatric population across the globe and the rising demand for home care therapeutic devices are influencing the growth of this segment. Moreover, the increasing implementation of advanced health care technologies is expected to fuel the growth of this segment.

North America is anticipated to have a large market share due to the high adoption of technologically advanced devices, supportive government initiatives for early diagnosis of diseases. Countries in the Asia Pacific are also expected to grow at a higher rate. Factors such as rapid growth in incidences of COVID-19 patients and the presence of a large geriatric population in the region would create growth prospects for the Portable Ventilators market across the Asia-Pacific region.

Market Dynamics

Drivers

  • Easy-Access of Patient Treatment Associated with Rising Prevalence of Respiratory Diseases
  • Huge Base of Geriatric Population and Increasing Incidence Rate of Preterm Births
  • Prevalence of Respiratory Allergies, Various Breathing Problems, and Tobacco Consumption

Restraints

  • Availability of Low-Cost Non-Branded Products
  • High Cost Associated with Portable Medical Ventilators

Opportunities

  • Growing Demand for Home Care Therapeutic Devices with Improved Operational Conduct
  • Potential in Emerging Economies due to Improved Healthcare Infrastructure and Increased Healthcare Spending

Challenges

  • Lack of Awareness and a Large Population of Undiagnosed & Undertreated Patients
  • Harmful Effects of Certain Devices on Neonates

Key Topics Covered:

1. Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Shareholders

2. Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.3 Market Size Estimation
2.4 Assumptions of the Study
2.5 Limitations of the Study

3. Executive Summary

4. Market Overview
4.1 Introduction
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Trends

5. Market Analysis
5.1 Porter's Five Forces Analysis
5.2 Impact of COVID-19
5.3 Ansoff Matrix Analysis

6. Global Portable Medical Ventilators Market, By Mode
6.1 Introduction
6.2 Combined
6.3 Pressure
6.4 Volume

7. Global Portable Medical Ventilators Market, By Interfaces
7.1 Introduction
7.2 Invasive
7.3 Non-invasive

8. Global Portable Medical Ventilators Market, By Age
8.1 Introduction
8.2 Infant/Neonatal Ventilator
8.3 Adult/Pediatric Ventilator

9. Global Portable Medical Ventilators Market, By End-Users
9.1 Introduction
9.2 Ambulatory Care Centre
9.3 Home Care Setting
9.4 Hospital & Clinic
9.5 Rehabilitation

10. Global Portable Medical Ventilators Market, By Modes of Distribution
10.1 Introduction
10.2 Online
10.3 Offline

11. Global Portable Medical Ventilators Market, By Geography
11.1 Introduction

12. Competitive Landscape
12.1 Competitive Quadrant
12.2 Market Share Analysis
12.3 Competitive Scenario
12.3.1 Mergers & Acquisitions
12.3.2 Agreements, Collaborations, & Partnerships
12.3.3 New Product Launches & Enhancements
12.3.4 Investments & Fundings

13. Company Profiles

  • Abbott Laboratories
  • Atico Medical Pvt. Ltd.
  • Avasarala Technologies
  • Becton, Dickinson and Company
  • Beijing Aeonmed Co., Ltd.
  • Drgerwerk AG & Co.
  • GE Healthcare
  • Getinge AB
  • Hamilton Medical AG
  • Koninklijke Philips N.V.
  • Meditec International England Ltd
  • Medtronic PLC
  • Nidek Medical
  • Oricare Inc
  • Percussionaire Corp.
  • ResMed Inc.
  • Smiths Group PLC
  • Teleflex Incorporated
  • Trivitron Healthcare Pvt. Ltd

For more information about this report visit https://www.researchandmarkets.com/r/8ta5wf

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