According to our new market research study on Respiratory Ventilator Tester Market to 2027 – Global Analysis and Forecast – by Product, Application and End User, the market is expected to reach US$ 199.20 million by 2027 from US$ 148.00 million in 2019; it is estimated to grow at a CAGR of 3.8% from 2020 to 2027. The report highlights trends prevailing in the global respiratory ventilator tester market, and the drivers and restraints pertaining to the market growth.
Respiratory diseases such as chronic obstructive pulmonary disease (COPD), asthma, acute lower respiratory tract infections, tuberculosis, and lung cancer are among the most common causes of severe illness and death globally. Urbanization, growing pollution, unhealthy lifestyle habits, and high tobacco smoking prevalence are among the factors leading to the surge in the number of respiratory and cardiovascular disease cases. These diseases can cause acute respiratory failure, treatment of which requires mechanical ventilation.
The Sample Pages Showcases Content Structure and Nature of Information Included in This Research Study Which Presents A Qualitative and Quantitative Analysis: https://www.theinsightpartners.com/sample/TIPRE00013750/
The Global Burden of Disease Study reported the global prevalence of 251 million COPD cases in 2016. More than 90% of COPD deaths occur in low and middle-income countries (LMICs). Further, COPD is expected to become the leading cause of death worldwide in the next 15 years. According to the National Center for Biotechnology Information, It is a disease spectrum that includes bronchitis and emphysema. It is becoming a significant health and economic problem worldwide; in 1990, the disease was the sixth-most common cause of death, and it is expected to be the third-most common mortality cause by 2020. According to the National Center for Biotechnology Information, 2018, the economic impact of COPD in LMICs is expected to increase to £ 1.7 trillion by 2030.
The ventilator testing systems are designed to measure the flow of nitrous oxide, air and oxygen and pressure in different type of ventilators. Such type of ventilator test systems are battery operated and is also capable of testing various other type of medical equipment like anesthesia gas delivery machines and oxygen concentrators. The ventilator test systems are used to measure parameters like volume, low pressure, flow, peak and peep pressure, respiratory rate, stacked volume, I:E ratio, oxygen concentration, etc. Moreover, even the slightest fault in the design or functioning of ventilators can cost the life of patients. For this reason, the demand within the global market for respiratory ventilator tester has been rising at a robust rate over the past decade. Thus, the growing prevalence of respiratory diseases increasing demand for ventilators fuelling the market growth.
Based on application, the respiratory ventilator tester market is segmented into anesthesia gas delivery machine testing, oxygen concentrator testing, others. The anesthesia gas delivery machine testing segment held the largest share of the market in 2019, whereas the oxygen concentrator testing segment is anticipated to register the highest CAGR of 4.4% in the market during the forecast period.
Based on end user, the respiratory ventilator tester market is categorized into hospitals and specialty clinics, ambulatory surgical centers, home care settings, others. In 2019, the hospitals and clinics segment held the largest share of the market, by end user. Moreover, the same segment is expected to grow at the fastest rate during the forecast period. Product launches and Business expansion are commonly adopted by the companies to expand their footprint worldwide and meet the growing demand.
Schedule A Pre-Sale Discussion with The Author Team in A Slot That You Prefer to Address Queries on Scope of The Study, Customization, Introduction to Research Methodology, Assistance on Technologies and Market Definitions: https://www.theinsightpartners.com/inquiry/TIPRE00013750/
Based on product, the global respiratory ventilator tester market is segmented into portable, desktop, others. The portable segment held the largest share of the market in 2019, and same segment is anticipated to register the highest CAGR of 4.2 % in the market during the forecast period. Increasing number of patients with severe respiratory diseases, and launch of innovative technologies are the major factors contributing to the growth of the market for portable respiratory ventilator tester.
The global respiratory ventilator tester market growth is mainly attributed to the growing prevalence of respiratory diseases and rapid increase in geriatric population. However, unfavorable reimbursement scenario may hinder the market growth.
BC Group International Inc, WEINMANN Emergency Medical Technology, Magnamed, Datrend Systems Inc., TSI Incorporated, IMT Analytics AG, THOR, Rigel Medical, Fluke and EKU Elektronik are among the leading companies operating in the global respiratory ventilator tester market.
About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
Contact Us:
If you have any queries about this report or if you would like further information, please
Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876
