The electronic emergency ventilator also knew as the electric medical machine which is specially designed to offer emergency ventilation to the patients with the help of transferring the breathable air in and out of the lungs. Through this process, it efficiently delivers breath to a patient who is facing respiratory diseases and not able to breathe. The electronic emergency ventilators market is expected to drive over the forecast years because of the increasing expansion in the incidence of COVID-19 across the globe. COVID-19 has a worse effect on the respiratory systems of human and this problem is occurred majorly in geriatric the population therefore, world demand for electronic emergency ventilators is expected to drive over the forthcoming period to treat patients of COVID-19.
According to the study, ‘Global Electronic Emergency Ventilator 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’ express that there square measure some corporate that presently functioning with success for dominant the prime effective expansion of the market and getting the productive competitive edge whereas accretive the productive moneymaking methods and policies like joint ventures, partnership, merger, mergers and acquisitions and merchandise the development includes ZOLL Medical, Flight Medical Innovations, Allied Healthcare Products, Leistung, RWD Life Science, Beijing Aeonmed, Dima Italia, Bio-Med Devices, Magnamed, Hayek Medical. For example: as per Worldometer.info, till April 2020, globally over 2,579,894, confirmed cases were registered out of which over 179,059 people died because of the corona virus globally. Also, as per the World Economic Forum 03 April 2020, 7,000 new ventilators were enough to meet the market demand of the entire world whereas after the spread of COVID-19 over the globe New York itself forecasted require of over 30,000 additional machines & ventilators in April 2020. Also, many ventilator manufacturers have already boosted their production by 30-50%. However, the higher price of ventilators is the element hampers the expansion of the market over the forecast years.
The regional investigation of global Electronic Emergency Ventilator market is considered for the key regions like Asia Pacific, North America, Europe, Latin America, and Rest of the Global. North America is the most region over the world in terms of market share owing to the rapid growth in cases of COVID-19 in the region. Whereas, Asia-Pacific is additionally expected to exhibit a maximum rate of growth / CAGR over the forecast period 2020-2026. Factors such as due to the presence of favourable government initiatives and rising prevalence of COVID-19 in the region would create lucrative growth prospects for the Electronic Emergency Ventilator market over the Asia-Pacific region.
Chronic illnesses like cardiac diseases, stroke, cancer, and respiratory diseases, along with the ongoing novel corona virus (COVID-19), account for a substantial global disease burden. The Centre for Disease Control (CDC), in 2019, stated that six in ten adults suffer from chronic disease while four in ten suffer from more than two chronic diseases. The data demonstrates the rising disease burden and the effective management of these diseases. Moreover, respiratory disease is also a leading cause of death and disability. Therefore, the increasing prevalence and incidence rate of these respiratory diseases pushes the demand for an effective ventilator for the continuous supply of oxygen to patients, thus resulting in the expansion of the global medical ventilator market.
Furthermore, the growth of the global market for medical ventilators is expected to be driven by key factors such as the increasing prevalence of acute and chronic illness, the surge in the number of the patient population, especially in the current COVID-19 crisis, new technological innovation in the medical device industry, the widespread use of medical ventilators in end-use verticals, and the rising number of product launches and approvals.
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