Press Release: April 09, 2020
Industry Probe has titled an upcoming report as “Portable Ventilator Market – Global Industry Dynamics 2018-19, Trends and Forecast, 2020–2028” to its ever growing database of reports. The report explicates the market for portable ventilator via a sequence of channels that incorporate data ranging from fundamental information to an unquestionable projection. It further includes all the primary factors that are expected to undergo definite transformation within the market. The data accessible in the report therefore can be used to augment a standing of the company operating in the global portable ventilator market.
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As per the report from Industry Probe, the portable ventilator market is anticipated to expand due to rapid development in technology. Advancement in technology has enabled these ventilators to be used anywhere, and anytime by the patient. Government regulations, patient convenience encourage the use of portable ventilators for people with respiratory problems or diseases. Changing climatic conditions, rise in the number of pulmonary diseases, and advancement in technology in the healthcare sector are the factors expected to drive the portable ventilator market over the forecast period. The report has segregated the portable ventilator market in terms of product type, end-user, distribution channel, and region.
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Based on product type, the market is segmented as gas-powered, battery-powered, and hybrid (gas + battery). Based on application, the market is segmented into home use, and hospitals and clinics. The home-use segment is anticipated to show good growth opportunities in the coming years. This is due to the rise in number of patients with respiratory-related diseases, and people who do not need critical care would contribute to the growth of the portable ventilator market. Based on distribution channel, the portable ventilator market is divided as online and offline. Online segment is further segmented into company-owned portals and e-commerce portals. The offline segment is segmented into specialty stores and distributors. Some of the key players in the market include inCAV Medical and Laboratory Equipment, GE Healthcare Medtronic, Oceanic Medical, Bio-Med Devices, Smiths Medical, Allied Healthcare Products, Inc., O-Two Medical Technologies Inc., Percussionaire Corp. among others.
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