Homecare Ventilator Market - Global Industry Analysis, Regional Outlook Size, Share, Growth, Trends, and Forecast 2019

A ventilator is a device that supports breathing. Ventilators assist in getting oxygen into the lungs and removal of carbon dioxide from the body. They help in easy breathing, especially to the people who have lost their ability to breathe. They can partially support in breathing or can control breathing entirely. Depending upon a patient’s condition, a ventilator can help support or completely control breathing.

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Global Homecare Ventilator market Witness Most Promising Rise in Demand

The global homecare ventilator market is driven by various factors at regional, national, as well as global level. Increasing prevalence of respiratory diseases and growing preference to home health care ventilators are major factors contributing to the growth of the global market. Furthermore, increase in investment by public and private sectors for the advancement of health care and surge in technological innovations are projected to propel the global market during the forecast period. Moreover, existing market players are deploying advanced techniques and strategies to develop novel processes for manufacturing of technologically enhanced devices for homecare ventilators. This is anticipated to boost the demand for homecare ventilators for diagnosis of diseases during the forecast period. However, less awareness among people, especially in developing regions and lack of skilled professionals are likely to restrain the global market during the forecast period.

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According to statistics available with the World Health Organization (WHO), chronic respiratory diseases account for over 5 million deaths each year. The quality of air is deteriorating, particularly in countries where the economy is largely dependent on pollution-intensive industries. About 80% of COPD deaths occur in low and middle income countries. This has translated into increase in prevalence of chronic respiratory diseases, and consequently the demand for medical devices used in the treatment of these diseases. A ventilator is one such medical device used in case of loss of airway anatomy due to edema, trauma, burns, and infection; loss of protective airway mechanism due to intoxicants, brain injury, and strokes; inability to oxygenate appropriately; and in case of any expected clinical course.

Key Players of Homecare Ventilator Market Report:

The global Homecare Ventilator market is highly fragmented with a large number of domestic players accounting for a majority of market share. Key players operating in the global Homecare Ventilator market are:

HEYER Medical AG
Drive DeVilbiss Healthcare
Besmed Health Business Corp.
Flexicare (Group) Limited
VYAIRE MEDICAL, INC.
Dynarex Corporation
Medline Industries, Inc.

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