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.
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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.
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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.