Home Care Ventilators Market: Overview

Ventilation is a biological process which refers to the breathing in of oxygen and breathing out of carbon dioxide. Ventilator is a device which helps a patient to breathe in oxygen or breathe out carbon dioxide, entirely or partially. A ventilator can be administered non-invasively or invasively to a patient. An invasive ventilator is administered to a patient through endotracheal tube through nose, mouth, or tracheostomy tube. A non-invasive ventilator is administered through nasal mask over the mouth or nose. Currently, ventilators available in the market are volume based or pressure based. Home care ventilators are exclusively used in home care settings.

Home Care Ventilators Market: Key Trends

The global home care ventilators market is projected to be driven by increase in incidence of respiratory diseases across the world and rise in preference for home care ventilation for newborn and geriatric populations. Additionally, increase in health care infrastructure and health care reimbursement is anticipated to boost the growth of the global home care ventilators market during the forecast period. However, technical failures of home care ventilators and stringent regulatory landscapes are expected to hamper the growth of the global market in the near future. Moreover, technological advancements, increase in research and development expenditure by key players, and strategic alliances by companies are likely to propel the global home care ventilators market during the forecast period.

Home Care Ventilators Market: Segmentation

The global home care ventilators market can be segmented based on product, type of therapy, application, target user, and region. In terms of product, the market can be divided into instruments and accessories. Based on type of therapy, the global home care ventilators market can be bifurcated into non-invasive and invasive. The non-invasive segment is projected to expand at a higher CAGR during the forecast period. In terms of application, the market can be classified into respiratory diseases, spinal cord injuries, neuromuscular disorders, and others. The respiratory diseases segment is anticipated to capture the largest market share due to high number of cases of COPD among the geriatric population across the world. Based on target user, the global home care ventilators market can be categorized into pediatric, adults, and geriatric.

Home Care Ventilators Market: Regional Analysis

Geographically, the global home care ventilators market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is projected to capture the largest share of the global market in 2018, owing to increase in demand for ventilators for long term home care and technological advancements. Rise in incidence of COPD and other respiratory diseases in Eastern Europe and presence of key companies are attributed to Europe’s high market share in 2018. Germany, France, and the U.K. accounted for major shares of the home care ventilators market in the region in 2018. The market in Italy and Spain is expected to expand at a high CAGR during the forecast period. Highly developed health care industry, high rate of diagnosis and treatment of COPD and other respiratory diseases, strong research and development, and participation of small companies contributed to the prominent market share of Germany, France, and the U.K. in 2018.

China and Japan held dominant shares of the home care ventilators market in Asia Pacific in 2018. The market in India is expected to expand at a high CAGR during the forecast period, owing to high geriatric population, developing health care system, and presence of well-established domestic players. Underdeveloped health care infrastructure is likely to hamper the growth of the home care ventilators market in Latin America and Middle East & Africa during the forecast period.

Home Care Ventilators Market: Competitive Landscape

Key players in the global home care ventilators market are The Linde Group, Medtronic, Fisher & Paykel Healthcare Limited, ResMed, Vyaire Medical, Inc. (part of BD), EmdaMed B.V., and Smiths Group plc, among others.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Home Care Ventilators Market

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