Ventilator Test System Market to Reach Nearly US$ 200 Mn by 2026, According to a Latest Research Study

ALBANY, USA, 2018-Jun-14 — /EPR Network/ —The ventilator test system market is likely to reach nearly US$ 200 Mn in revenues by 2026, according to a new research study added to the comprehensive repository of Market Research Reports Search Engine (MRRSE). According to the study titled “Global Market Study on Ventilator Test Systems: North America will Remain Dominant in the Market during 2017 to 2026”, the ventilator test system market continues to be driven by a range of macroeconomic and microeconomic factors.

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According to the research study, increasing prevalence of chronic disorders, combined with rising geriatric population is one of the key factors driving the demand for ventilator test systems market. The testing of ventilator systems has become more important as healthcare providers want to test products before they are made available to healthcare providers.

According to the study, the ventilator test system market is also likely to be influenced by growing pervasiveness of home care settings. A significant percentage of geriatric population is looking to receive care from the comfort of their own homes, which has meant that safe and effective ventilator test systems are in place. The report opines that the home care segment will reach nearly US$ 21 Mn in revenues by 2026-end.

The research study highlights the likely growth of the market in different regions of the world. According to the study, North America is likely to remain at the forefront of demand around the globe, owing to high demand for these devices in the US. The US is going through a transformation in terms of demographics, as an increasing geriatric population is pushing demand for healthcare products and services. The US ventilator test system market is likely to surpass US$ 50 Mn in revenues by the end of the forecast period.

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The research study offers a holistic comparison between the various ventilators available in the market including volume-controlled ventilation, pressure controlled ventilation, and pressure limited ventilation. By ventilator type, segmentation includes critical care, neonatal ventilators, transport and portable ventilators. By end-use, the key segments in the market include hospitals and clinics, home care, ambulatory surgical centers, and emergency medical services.

The business intelligence study also offers insights on the prevailing competitive landscape in the market. According to the research study, some of the leading players in the market includeTSI Inc., Fortive Corporation, USCOM Ltd., Seaward Electronic Ltd., Datrend System Ltd., IngMar Medical Limited, Michigan Instruments, Inc., SunMed LLC, Philips North America LLC, Magnamed Tecnologia Medica S A and Instrumentation Industries, Inc.

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