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Europe Ventilators Market Forecast 2019-2028

KEY FINDINGS
The Europe ventilator market is estimated to record a CAGR of 7.84%, during the forecast period of 2019 to 2028. The factors reinforcing market growth include regulations introduced by the government and numerous organizations, and a massive demand for ventilators, especially in Spain and Italy, owing to the alarming number of coronavirus patients.

MARKET INSIGHTS
The countries assessed for the growth analysis of the Europe ventilator market are the United Kingdom, Italy, Russia, Germany, France, Poland, Belgium, and the rest of Europe. Before the coronavirus outbreak, the Italy ventilator market was expanding with a slow growth rate. However, the market continued to observe a mediocre demand due to high expenditures within the healthcare sector and the rising innovation for medical devices. Owing to the pandemic's rapid spread, Italy witnessed over 200,000 cases of coronavirus till April 2020, with a 10% mortality rate. According to the World Health Organization (WHO), fatality in Italy is much higher than the global average of 3.4%.
Subsequently, the country also underwent an acute shortage of medical equipment and devices, including ventilators, to manage and treat infected patients. Italy only had 5,000 ventilators in 2019, with an additional requirement of 16,000, amid COVID-19. Therefore, the demand for ventilators in the region is at a constant high, owing to the shortage of medical equipment, exceeding rates of deaths, and critically diseased patients.

COMPETITIVE INSIGHTS
OneBreath Inc, Getinge AB, General Electric Company, Ventec Life Systems, Ventinova Medicals, etc., are among the key enterprises in the market.

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Europe Ventilators Market Forecast 2019-2028
Published By :Inkwood Research
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