Global Ventilators Market Size, Share & Trends Analysis Report by Type (Portable Ventilators and Intensive Care Ventilators) Impact of COVID-19 on Global Consulting Industry, and Forecast 2019-2025
The global ventilators industry is projecting an exponential growth rate during the COVID-19 outbreak. The pandemic has released a continuous requirement for ventilators; however, the affected countries are facing a challenge with the shortage of ventilators.
Prior to the coronavirus outbreak, the rising prevalence of respiratory diseases and the increasing number of ICU beds were among the major factors offering growth to the global ventilators industry. However, there is an enormous demand for ventilators is being stated by every COVID-19 affected country, as the ventilators are most significantly required while dealing with the geriatric population.
Though, the industry will see stagnant growth once the outbreak gets over across the globe, as the urgent need for ventilators will get over and the hospitals will have enough ventilators for the other treatment procedures.
The well-established companies of the global ventilators market and are seeking attention during this outbreak include Medtronic PLC, General Electric Co., Hamilton Medical, Ventec Life Systems, Inc., Drägerwerk AG & Co. KGaA, and Breas Medical AB.
The global ventilators industry report is analyzed for a range of ventilators, which includes portable ventilators and intensive care ventilators. Amid these ventilators, the intensive care ventilators are showing great relevance in the treatment of coronavirus.
The patients are admitted to the intensive care unit, as coronavirus is rapidly spreading through the air. Therefore, infected patients are required to be kept under full isolation and intensive care units.
This, in turn, is increasing the demand for intensive care ventilators across the globe.
By Ventilator Type
- Portable Ventilators
- Intensive Care Ventilators
In addition, the effect of COVID-19 on the ventilators industry is analyzed from a geographical standpoint, which includes North America, Europe, Asia-Pacific, and Rest of the World. Asia-Pacific and European countries are majorly impacted nations with the COVID-19 pandemic.
Therefore, the demand for ventilators is continuously increasing in particularly these two regions. The mortalities from coronavirus are continuously increasing in the European countries, including Spain, Italy, France, UK, and the Netherlands.
This surge in mortalities is presenting a need for a large number of medical facilities and equipment. Italy has recorded over 5,000 mortalities from coronavirus till March 22, 2020, listing on top in the coronavirus mortality list.
The country is facing a crisis in terms of ventilators, amongst which, the doctors are saving ventilators mainly for elderly patients. The local ventilator manufacturers have escalated the production units; however, the scarcity of ventilators is still at its place.
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