Mechanical Ventilators Market
Mechanical Ventilators Market (Product Type - Critical Care Ventilators, Neonatal Ventilators, Transport and Portable Ventilators; Interface - Invasive Ventilators, Noninvasive Ventilators; End user - Home care, Hospitals and Clinics, Ambulatory Surgical Centers) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026
- Category : Healthcare
- Format :
Press Release :
Global Mechanical Ventilators Market – Overview
The last two decades have proven significant for expansion of global mechanical ventilators market. Some of the most notable factors of growth in the global mechanical ventilators market are growing demand for home care and portable ventilators. And, the reasons supporting the demand for these variants is the rapidly ageing population that needs such support often as they are susceptible to severe and chronic diseases. This demographic also see a good number of surgeries.
Besides, it is no surprise that cases of respiratory emergencies, and chronic pulmonary diseases (COPD) is high among geriatrics. And, thanks to technological advancement, demands are being met better, pushing players to strive harder, encouraging to invest in research and development.
Besides, in the United States of America, six in every ten people are suffering from a chronic disease in four in every ten have at least two. Besides, by 2050, one in every six people will be 65 or more years old. And, people aged 60 and above will be 2 billion in number in these 30 years. A significant increase is noted here from the number of 9 million observed in the year 2050.
Thus, between 2018-2026, the global mechanical ventilators will chart a steady growth rate 6.9%, compounded annually. This will increase the global mechanical ventilators market worth to a USD 2937.3 million by the end of the forecast period. This is a notable rise from the USD 1621.5 million in 2017.
It is also worth noting here that the market landscape id fragmented and key players operating the global mechanical ventilators market are Teleflex Incorporated, GE Healthcare, Medtronic plc, Koninklijke Philips N.V., Smiths Medical, Bunnell Inc., and Getinge AB. These are profiled in the market research report compiled by Transparency Market Research (TMR).
Critical Care Ventilators to Account for a Lion’s Share in Mechanical Ventilators Market over the Forecast Period
The report is segmented into the following divisions – region, end-user, interface, and product type. By type, the segment is divided into neonatal, transport and portable, and critical care ventilators. By interface, it is divided into non-invasive and invasive ventilators. By type critical care ventilators are set to dominate the segment owing to rising population of geraitrics and increase in incidence of chronic diseases and a robust reimbursement environment emerging in a number of regions. And, my end-user, the sub segments are home care, hospitals and clinics, and ambulatory surgical centers.
Asia Pacific to Propel Much Growth in the Global Mechanical Ventilators over the Forecast Period
Owing to a large consumer base and rise in incidence of chronic diseases, the Asia Pacific (APAC) region will chart a steady CAGR over the forecast period. The region is also witnessing some very significant technological innovation that is pushing the region on an upward curve, steep and steady.
Global Mechanical Ventilators Market: Overview
This report on the global mechanical ventilators market analyzes the current and future prospects of the market. The report comprises a comprehensive executive summary, including a market snapshot that provides overall information of various segments. The research is a combination of primary and secondary research. Primary research formed the bulk of our research efforts along with information collected from telephonic interviews and interactions via e-mails. Secondary research involved study of company websites, annual reports, press releases, stock analysis presentations, and various international and national databases. The report provides market value in terms of US$ Mn for each segment for the period from 2016 to 2026, considering the macro and micro environmental factors. Growth rates for each segment within the global mechanical ventilators market have been determined after a thorough analysis of past trends, demographics, future trends, technological developments, and regulatory requirements.
A detailed qualitative analysis of factors responsible for driving and restraining the market and future opportunities has been provided in the market overview section. The report also provides insights into the key trends of the mechanical ventilators market. Market value in terms of US$ Mn for the period between 2016 and 2026 along with the compound annual growth rate (CAGR %) from 2018 to 2026 are provided for all the segments, considering 2017 as the base year. The year-on-year growth of the global mechanical ventilators market for each segment is also reflected. Additionally, market-related factors such as increasing prevalence of chronic disease, rising geriatric population, favorable government policies, developing healthcare infrastructure in emerging countries, and historical year-on-year growth have been taken into consideration while estimating the market size.
Global Mechanical Ventilators Market: Key Segments
The global mechanical ventilators market has been segmented based on product type, interface, end-user, and region. In terms of product type, the mechanical ventilators market has been divided into critical care ventilators, neonatal ventilators, and transport and portable ventilators. In terms of interface, the market has been segregated into invasive ventilators and noninvasive ventilators. In terms of end-user, the market has been classified into home care, hospitals and clinics, ambulatory surgical centers, and others
Global Mechanical Ventilators Market: Regional Outlook
In terms of region, the global mechanical ventilators market has been categorized into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Additionally, the regions have been further segmented into major countries in each of the regions. These include the U.S., Canada, the U.K., Germany, France, Italy, Spain, China, Australia & New Zealand, Japan, India, Brazil, GCC, South Africa, and Mexico.
Companies Mentioned in Report
The report also profiles major players in the mechanical ventilators market based on various attributes such as company overview, financial overview, SWOT analysis, key business strategies, product portfolio, and recent developments. Key companies profiled in the report include Teleflex Incorporated, VYAIRE, Dragerwerk AG & Co. KGaA, GE Healthcare, Medtronic plc, Koninklijke Philips N.V., Smiths Medical, ResMed Inc., Bunnell Inc., and Getinge AB.
The global mechanical ventilators market has been segmented as follows:
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