The portable ventilators are the small and light weight devices those are designed to work in required environment as per situation needed and helps the patient to breath properly. The portable ventilators have prominent application in delivering oxygen to the patient when required and has efficient application in hospitals & day care centers for continuous supply of oxygen to the Chronic obstructive pulmonary disease (COPD) patient who is in unconscious state or faces any discomfort due to breathing problems. COVID-19 has significant impact in the growth of Portable ventilators. The major effect of COVID-19 includes breathing problems and it enhance the demand for portable ventilators due to the rapid spread of COVID-19 globally.
The report analysis of ‘Global Portable Ventilators Market is valued approximately USD XXX Billion in 2019 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2019-2026’ Growth strategies adopted by leading players are likely to drive the global market. Players are adopting the strategy of appointing third-party distributors to expand market presence. This has led to a surge in the number of distributors and suppliers in the emerging markets. Key corporates working in the global portable ventilators market are Koninklijke Philips N.V., Dragerwerk AG & Co., Becton, Dickinson and Company, ResMed Inc., Percussionaire Corp., Smith’s group PLC, Atico Medical Pvt. ltd., Teleflex Incorporated, Getinge AB and Medtronic PLC. Moreover, government across the world are taking favorable initiatives to build instant & temporary isolation centers to recover larger number of patients infected by COVID-19 which is boosting the demand for portable ventilators globally. For instance: as per the World Health Organization, till April 2020, over 2,579,894 confirmed cases were registered of COVID- 19 out of which over 179,059 people died due to the coronavirus globally. However, lack of skilled professionals and presence of alternative ventilators are the factors expected to hamper the growth of market.
The regional analysis of global Portable Ventilators market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the rapid growth in incidence of COVID-19 along with favorable initiatives by government regarding isolation of infected patients in the key economies of the region. Whereas, Asia-Pacific is also anticipated to exhibit highest rate of growth / CAGR over the forecast amount. Factors such as rapid growth in incidence of COVID-19 Along with presence of large geriatric population in the region would create lucrative growth prospects for the Portable Ventilators market across Asia-Pacific region. he detailed segments and sub-segment of the market are By Mode into Combined-mode Ventilation, Pressure-Mode Ventilation, Volume-Mode Ventilation and Others. By Interface into Non-Invasive Ventilation and Invasive Ventilation. By Age Group into Infant/Neonatal Ventilator and Adult/Pediatric Ventilator. By End-User into Hospitals & Clinics, Ambulatory care centres and Home care.
Moreover, the portable ventilator market is anticipated to expand due to rapid development in technology. Advancement in technology has enabled these ventilators to be used anywhere, and anytime by the patient. Other factors that drive the market are rising breathing problems and respiratory problems among the growing population. Further, rising smoking population is also a factor for the growth in need for portable ventilators. Increase in government expenditure on health care provides citizens with access to health care services at affordable cost. This is a crucial factor boosting the respiratory devices/products market in emerging economies.
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Ankur Gupta, Head Marketing & Communications