Global Mechanical Ventilators Market Size, Status and Forecast 2021-2026
The Mechanical Ventilators market report provides overall structure and business outlook of the Global and regional industries. The study also involves the important Achievements of the market, Research & Development, new product launch, product responses and regional growth of the leading competitors operating in the market on a Global and local scale. This study provides information about the growth and revenue during the historic and forecasted period of 2015 to 2026. The structured analysis contains graphical as well as a diagrammatic representation of Global Mechanical Ventilators Market with its specific geographical regions.
The mechanical ventilators market studied was anticipated to grow with a CAGR of nearly 6.6%, during the forecast period. Increased geriatric population coupled with higher incidences of chronic conditions drive the mechanical ventilator market growth. Increasing prevalence of chronic obstructive pulmonary disease(COPD) is the major driving factor for the industry. For instance, according to CDC (Centres for Disease Control and Prevention), in 2018, 9 million adults were diagnosed with chronic bronchitis which demands higher requirements for ventilators fueling the market. Additionally, Increasing intensive care admissions, the rising introduction of ventilation modes such as Acute Non-Invasive Ventilation which avoid lung injury are likely to drive the growth of the global mechanical ventilator market.
Mechanical ventilation is an artificial breathing device used for patients who are unable to breathe naturally due to acute medical conditions. These devices are majorly used for patients with spinal cord injury, stroke, respiratory disorders or other disorders.
Top leading Manufactures Profiled in Mechanical Ventilators Market Report are:
Getinge AB, Medtronic PLC, Koninklijke Philips N.V, Smiths Group plc, ResMed Inc, Hamilton Medical AG, MAQUET Holding B.V. & Co. KG, Breas Medical AB, GE Healthcare, Fisher & Paykel Healthcare Limited
Request for PDF Brochure:
Regional Analysis for Mechanical Ventilators Market:
For a comprehensive understanding of market dynamics, the Global Mechanical Ventilators market is analyzed across key geographies namely the United States, Europe, China, Japan, Southeast Asia, India, Central & South America. Each of these regions is analyzed based on market findings across major countries in these regions for a macro-level understanding of the market.
Mechanical Ventilators Market Scenario:
North America Dominates the Market and Expected to do Same in the Forecast Period.
North America is expected to dominate the overall ventilators market revenue throughout the forecast period. This dominance is due to the preference for reduced hospital stays timeframe of patients and improved patient experience. According to COPD foundation.org, about 90% of all COPD deaths in the United States are associated with smoking, which demands a higher requirement of ventilators, generating revenue to the market.
Europe is the second most prominent region in the global mechanical ventilation market, owing to the research grants by the public & private players in the European countries to propel the R&D of ventilators. The significant share of Europe is due to revenue generated from the developed Western European economies, such as the U.K., Germany, France, and Italy.
The Asia Pacific and Latin America are expected to witness the fastest growth during the forecast period driven by the lucrative opportunities in China and India, rising expenditure levels, and support through government initiatives.
Browse the Full report description and TOC at:
The Mechanical ventilation market is moderately competitive and consists of several prominent industry players. Some of the key players are manufacturing and launching new products while others are distributing the ventilators which is fueling the market growth. For instance, in August 2019, Smiths Medical, a medical device manufacturer, entered partnership with Medline Industries for the distribution of its Portex devices. The partnership will focus on the non-acute, home care channels and expand their respiratory division market gloabally. Koninklijke Philips N.V. launched portable ventilators under the name of Trilogy in North America and expanding its market position. Some of the companies which are currently dominating the market are Getinge AB, Medtronic PLC, Koninklijke Philips N.V., ResMed Inc., and Smiths Group PLC
Table of Contents:
-Mechanical Ventilators Market Overview
-Economic Impact on Industry
-Market Competition by Manufacturers
-Production, Revenue (Value) by Region
-Supply (Production), Consumption, Export, Import by Regions
-Production, Revenue (Value), Price Trend by Type
-Market Analysis by Application
-Manufacturing Cost Analysis
-Industrial Chain, Sourcing Strategy and Downstream Buyers
-Marketing Strategy Analysis, Distributors/Traders
-Market Effect Factors Analysis
-Mechanical Ventilators Market Forecast
The research includes historic data from 2016 to 2021 and forecasts until 2025 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.
In conclusion, Mechanical Ventilators market report presents the descriptive analysis of the parent market supported elite players, present, past and artistic movement information which is able to function a profitable guide for all the Mechanical Ventilators Industry business competitors. Our expert research analyst’s team has been trained to provide in-depth market research report from every individual sector which will be helpful to understand the industry data in the most precise way.
We Offer Customization On Report Based On Specific Client Requirement:
– Free country Level analysis for any 5 countries of your choice.
– Free Competitive analysis of any 5 key market players.
– Free 40 analyst hours to cover any other data point.
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information, and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides Global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687