Mechanical Ventilator Market
The global mechanical ventilator market revenue was around US$ 4,655.34 million in 2020 and is estimated to reach US$ 18,633.21 million by 2030, growing at a compound annual growth rate (CAGR) of 12.82% during the forecast period from 2021 to 2030.
A mechanical Ventilator is a device to support patients with serious illnesses who cannot breathe independently. When a patient needs to be connected to a ventilator, a hollow tube that serves as an artificial airway is put into their mouth and down into their trachea. Additionally, as a diagnostic tool, mechanical ventilators are used to evaluate static compliance of airway resistance and abnormalities in the respiratory system. In surgical procedures and medical emergencies, mechanical ventilators are life-saving devices.
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Factors Influencing Market Growth
The rise in the prevalence of chronic respiratory diseases like chronic obstructive pulmonary disease (COPD), lung cancer, bronchitis, asthma, and other lung disorders and the rise in diagnostic centers and hospitals, are the primary factors driving the growth of the global mechanical ventilator market.
One of the major factors driving the market is the rise in the number of elderly people who are sensitive to respiratory disorders.
Modernization of the mechanical ventilators market is projected to expand the market.
The presence of numerous producers and steps taken by the government to enhance market production is fueling the market’s expansion.
Market growth is hampered by the risk of ventilator-associated disease including nosocomial pneumonia and the high cost of mechanical ventilators.
Study of the COVID-19 Pandemic
The COVID-19 pandemic has accelerated market expansion. Respiratory failure is a complication of the COVID-19 infection and requires ventilator support and critical care. For critically unwell COVID-19 patients, mechanical ventilation has frequently been used to oxygenate them. Additionally, new COVID-19 omicron and delta variants with a rapid rate of spread discovered in mid-November 2021 have raised the risk of a third wave globally. Additionally, major manufacturers in the mechanical ventilators market and the government have taken steps to increase market output to fulfill the high demand for ventilators during the pandemic.
Regional Insights
North America accounted for the largest share of the mechanical ventilation market in 2020 and is anticipated to maintain its dominance throughout the forecast period due to the rising prevalence of chronic diseases, the presence of key players for manufacturing and expanding the market size, the expansion of hospitals and diagnostic centers, and government initiatives to boost market products in the region.
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Leading Competitors
The leading competitors in the global mechanical ventilator market are:
Asahi Kasei Corporation (ZOLL MEDICAL CORPORATION)
Carl Reiner GmbH
Dragerwerk AG & CO. KGaA
Getinge AB (MAQUET Holding B.V. & CO. KG)
General Electric Company (GE HEALTHCARE)
Hamilton Medical AG
Koninklijke Philips N.V. (PHILIPS)
Medtronic PLC
Mindray Medical International Limited
Smiths Group plc
Vyaire Medical INC
Others
Segmentation Analysis
The global mechanical ventilator market segmentation focuses on Product Type, Component, Mode, Age Group, End User, and Region.
Segmentation based on Product Type
Intensive Care Unit/Critical Care
Transport/Portable/Ambulatory
Neonatal Care
Segmentation based on Component
Devices
Services
Segmentation based on Mode
Noninvasive Ventilation
Invasive Ventilation
Segmentation based on Age Group
Pediatric & Neonatal
Adult
Geriatric
Segmentation based on End User
Hospital & Clinic
Home Care
Ambulatory Surgical Center
Others
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Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
Table of Content
Chapter 1: Global Mechanical Ventilator Industry Overview
Chapter 3: Market Dynamics
Chapter 4: Top Company Profiles
Chapter 5: Global Mechanical Ventilator market Competition, by Players
Chapter 6: Global Market Size by Regions
Chapter 7: Global Market Segment by Application
Chapter 8: Global Mechanical Ventilator Industry Segment by Type
Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders
Chapter 11: Key Marketing Strategy Analysis, by Market Vendors
Chapter 12: Market Effect Factors Analysis
Chapter 13: Global Mechanical Ventilator market Size Forecast (2023-2031).
Continue….
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Mechanical Ventilator market revenues on a global, regional, and country level, projecting trends until 2031. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Mechanical Ventilator market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Mechanical Ventilator market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Mechanical Ventilator business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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