New York, Aug. 07, 2019 (GLOBE NEWSWIRE) -- High target disease prevalence and extensive research and development are key factors contributing to high CAGR of Artificial Ventilation and Anesthesia Masks during forecast period.
According to the current analysis of Reports and Data, the global Artificial Ventilators and Anesthesia Masks market was valued at USD 2.08 Billion in 2018 and is expected to reach USD 3.00 Billion by year 2026, at a CAGR of 4.6%. Artificial ventilators and anesthesia masks are devices that provide better ventilation by offering novel modes of ventilation such as pressure control ventilation, synchronized intermittent compulsory ventilation etc. Several factors such as rising respiratory problems, lung cancer, COPD etc. have increased the demand for the artificial ventilation and anesthesia masks. With the rising accidents and emergency cases, there has been a rise in the number of emergency rooms and operation rooms. This has further led to an increase in the demand for the artificial ventilators and anesthesia masks. There has also been a rise in the numbers of the geriatric population. This has led to a further increase in the number of emergency cases and hospitalizations. Therefore there has been an increase in the number of emergency rooms and operation rooms. This has led to a rise in the demand for artificial ventilators and anesthesia masks. The high costs and improper infrastructure pose as restraining factors.
Request free sample of this research report at: https://www.reportsanddata.com/sample-enquiry-form/1682
Further key findings from the report suggest
- There has been a rise in the geriatric population leading to an increase in the number of hospitalizations. This has further led to the spiraling demand for anesthesia masks and artificial ventilators.
- The rising number of respiratory problems and lung diseases has led to an increase in the demand for artificial ventilators and anesthesia masks.
- An increase in the number of hospitals and emergency rooms has been a key factor in increasing the demand for artificial ventilators and anesthesia masks in the market.
- The availability of both, invasive and non-invasive ventilators has encouraged demand in the market. Similarly, anesthesia masks are classified into full face masks, nasal masks, hybrid masks, oral masks, nasal pillows etc. The availability of such case specific products has encouraged market demand to a large extent.
- With the increasing number of people needing hospital and ambulatory care services, there has been an increase in the demand for artificial ventilators and anesthesia masks.
- Homecare is one of the upcoming applications of the artificial ventilators and anesthesia masks. This is due to the rising preferences of the people towards homecare over hospital care.
- Operation rooms have for the highest market share. It accounts for 51.7% of the total market share. The spiraling number of cases of lung diseases, cancer etc. has led to increasing operations thus, increasing the number of hospitalization cases.
- Emergency rooms record a CAGR of 6.4% owing to the high prevalence of emergency cases. Currently, emergency rooms account for 21.8% of the market share.
- The key players include Philips Respironics, ResMed, Air Liquide Healthcare, Gale Med, Dragerwerk AG, Ambu A/S and Acutronic Medical Systems AG.
- Philips Respironics dominate the market due to their wider scope of products offered in the market. Their CPAP devices are the highest grossing devices in the market.
- Asia Pacific is seen to be the fastest growing region with a CAGR of 5.8% owing to the swift infrastructural and technological developments. The governments of the emerging economies are launching programs to make medical equipment and devices affordable. This factor has propelled the market in this region.
- European market is the second largest market and accounts for around 23% market share. The better reimbursement facilities, technological advancements and heavy investments for research and development are the key factors propelling the market in the region. The region continues to grow at a rate of 4.3%.
- North America dominates the market with a share of 51.1%. The region has a good medical infrastructure and has a lot of investments for the research and development. In addition to this, there has been a rise in the number of sleep apnea patients in the region. This has also increased the demand for the artificial ventilation in the region.
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/artificial-ventilators-and-anesthesia-masks-market
Segments covered in the report:
For the purpose of this report, Reports and Data has segmented the Artificial Ventilation and Anesthesia Masks market on the basis of application, risks, and region:
Application (Revenue, USD Billion; 2016–2026)
- Operation Rooms
- Intensive Care Units (ICU)
- Emergency Rooms
- Homecare
- Others
Risks (Revenue, USD Billion; 2016–2026)
- Standard
- Moderate
- High
Order Now: https://www.reportsanddata.com/checkout-form/1682
Regional Outlook (Revenue in USD Billion; 2016–2026)
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of the Europe
- Asia Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
- Brazil
Browse more similar reports on Medical Devices category by Reports And Data
Cosmetic Dentistry Market - https://www.reportsanddata.com/report-detail/cosmetic-dentistry-market
Dental Implants Market - https://www.reportsanddata.com/report-detail/dental-implants-market
Optical Microscope Market - https://www.reportsanddata.com/report-detail/optical-microscope-market
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.