Hospital & Clinic segment to dominate the United States Ventilator Market
Increasing hospital
admission rates and rise in number of ICU beds is expected to drive the demand
for United States ventilator market for the forecast period.
According to TechSci Research report, “United
States Ventilator Market By Equipment Type (Invasive Ventilation v/s
Non-Invasive Ventilation) By Product Type (Adult/Pediatric v/s Neonatal/Infant)
By Mobility (Standalone v/s Portable) By Mode (Volume Mode, Pressure Mode,
Combined Mode) By Source (Imported v/s Domestic) By End User (Hospitals &
Clinics, Emergency Medical Services, Homecare, Others) By Company, By Region,
Forecast & Opportunities, 2026”, United States ventilator market is expected
to witness significant growth for the next five years. A ventilator is a
medical equipment used in ICUs to support the patient in breathing when patient
is unable to breathe by themselves. Ventilators are used for short-term or
long-term depending upon the condition of the patient. Ventilators consists of
nasogastric chain, an endotracheal tube and mechanical ventilation. Ventilators
are used to sustain life, but it does not provide treatment to patients. Ventilator
devices supply oxygen and extract the carbon dioxide. The six categories of
ventilators are acute care ventilators, sub-acute care ventilators, home care
ventilators, neonatal ventilators, non-invasive ventilators, and emergency
transport ventilators.
Since the onset of pandemic COVID-19, complete lockdown
was announced by leading authorities of United States to fight the novel
coronavirus. Sudden spike in demand for ventilators required for treatment of
covid disease led to high demand for critical care facilities and transport
ventilators. Massive purchase of ventilators during the first wave of pandemic
may impact the market as major hospitals may prioritize using the already
reserved ventilators before purchasing additional ventilator facilities for
their healthcare facilities. Spread of new strains which are highly
transmissible and harmful which may maintain the demand and ultimately sales of
ventilators in healthcare centers.
However, reimbursement issues from providers which
generally do not cover the purchasing expenses and other related ventilator
accessories which may create hindrance in the market growth.
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United
States ventilator market is segmented into equipment type, product type,
mobility, mode, source, end user, regional distribution, and company. Based on mobility,
market is further divided into standalone and portable. Standalone ventilators
segment is expected to witness significant growth for the forecast period,
2022-2026. Rise in number of intensive beds equipped with ventilators is on
rise. Increasing number of admissions and re-admissions in hospitals suffering
from coronavirus disease coupled with government reimbursement facilities for
availing healthcare facilities is contributing to significant growth of the
United States ventilator market. Based on end user, market is segregated into hospitals
& clinics, emergency medical services, homecare, and others. Hospitals
& clinic segment is anticipated to dominate the ventilator market. Presence
of trained professionals who can operate the ventilators and increased hospital
capabilities to purchase high-priced instruments due to strong economic growth
of United States is expected to fuel the ventilators market. Based on equipment
type, market is majorly categorized into invasive ventilation and non-invasive
ventilation. Invasive ventilation segment is expected to hold major market
share for the predicted period due to prevalence of chronic and respiratory
disorders. Extensive use in sleep and neurological disorders is a significant
factor for the growth of the invasive ventilation segment. On the basis of mode,
market is divided into volume mode, pressure mode and combined mode. The
combined mode segment is expected to dominate the ventilator market for the
next five years as it uses both the volume and pressured mode and thereby
consists the benefits of using both modes. Based on end user, market is divided
into hospitals & clinics, emergency medical services, homecare, and others.
Hospital & clinic segment is responsible for major market share due to the
ongoing pandemic conditions and increase in number of patients visiting
hospital facilities.
GE
Healthcare, ResMed, Inc., Philips Healthcare (USA), Getinge USA, Inc., Allied
Healthcare Products, Inc., Fisher & Paykel Healthcare, Inc, Smith’s
Medical, Inc., Draeger Inc., Bunnell Incorporated, Vyaire Medical Inc are the
leading players operating in United States ventilator market. Manufacturers are
increasingly focusing on research and development process to fuel higher growth
in the market. To meet evolving customer demand with respect to better
efficiency and durability, several ventilator manufacturers are coming up with
their technologically advanced offerings.
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“Rise
in investments in research and development on cardiovascular interventions
along with introduction of advanced technology and new devices is expected to
boost the ventilator market. Ventilator manufacturers are integrating
ventilators with bedside technologies to provide ventilate all patients in all
hospital settings. Increase in number of hospitals and presence of government
supportive policies to promote healthcare sector is expected to propel the
ventilator market until 2026” said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
“United States Ventilator
Market By Equipment Type (Invasive Ventilation v/s Non-Invasive Ventilation) By
Product Type (Adult/Pediatric v/s Neonatal/Infant) By Mobility (Standalone v/s
Portable) By Mode (Volume Mode, Pressure Mode, Combined Mode) By Source
(Imported v/s Domestic) By End User (Hospitals & Clinics, Emergency Medical
Services, Homecare, Others) By Company, By Region, Forecast &
Opportunities, 2026” has evaluated the future growth potential of United
States ventilator market and provided statistics & information on market
size, shares, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in the of United
States ventilator market.
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