Mechanical Ventilators Market Top Manufacturing Companies Becton, Dickinson and Company, Carl Reiner, Draegerwerk, Getinge AB, General Electric
The Global Mechanical ventilator market size was valued at $2.99 billion in 2019 and is estimated to reach $12.54 billion by 2027 at a CAGR of 16.5% from 2020 to 2027. The transport/portable/ambulatory mechanical ventilators segment accounted for more than one-third of the market share in 2019, and is expected to exhibit fastest growth during the forecast period. North America and Europe, collectively, accounted for around 50% of the mechanical ventilator market share in 2019.Major factors that contribute to the mechanical ventilator market growth include adoption of mechanical ventilators to support treatment of chronic respiratory diseases, such as asthma, chronic obstructive pulmonary disease (COPD), bronchitis, lung cancer, and increase in number of intensive care unit (ICU) admissions of critically ill geriatric patients. Further, shift in focus toward the use of portable or transport mechanical ventilators and rise in per capita healthcare expenditure are expected to supplement the market growth throughout the forecast period. On the other hand, factors such as high cost of mechanical ventilators and injuries associated with invasive ventilation restrict the market growth.
Download free sample Report @ https://www.alliedmarketresearch.com/request-sample/453
Presently, the global mechanical ventilator market is witnessing a rise in demand across the world, owing to rise in number of cases of COVID-19. In this health condition, oxygen levels drop as the virus attacks lungs of patients, which makes breathing process harder. Hence, they need external support for breathing such as mechanical ventilators.
Consequently, rise in number of COVID-19 patients have propelled market players to increase or double production of mechanical ventilators, which further fuels the market growth.
Intensive care mechanical ventilators segment dominated the market in 2019, which is attributed to the increase in number of patients suffering from chronic diseases. The transport/portable ventilators segment is projected to grow with the highest from 2020 to 2027. This is attributed to the rise in demand for transport ventilators during emergencies and growth in adoption of easy-to-use portable mechanical ventilators for ease of geriatric patient population. The invasive mode segment occupied the largest share in 2019, and is anticipated to continue its dominance during the forecast period.
In 2019, adult population was the highest revenue generating segment in the market, owing to the rise in adult population who are prone to chronic respiratory diseases. However, the pediatric & neonatal segment is estimated to register fastest CAGR of during the forecast period, owing to rise in prevalence of neonatal mortality and need for convenient ventilation facilities for newborn and premature babies.
Discount on Purchase @ https://www.alliedmarketresearch.com/purchase-enquiry/453
Asia-Pacific is estimated to dominate the mechanical ventilator market throughout the analysis period. This is mainly attributed to the large number of ICU beds, huge patient population in need of ventilation, and increase in prevalence of respiratory diseases and cancer, rise in demand for advanced healthcare facilities along with improvement in infrastructure and growth in in-bound medical tourism in the region. Moreover, Asia-Pacific is also anticipated to be the fastest growing region during the forecast period.
The mechanical ventilator market is segmented on the basis of components, product type, mode, age group, end user, and region. On the basis of components, it is bifurcated into devices and services. By product type, it is segmented into intensive care unit/critical care, transport/portable/ambulatory, and neonatal care ventilator. By mode, the market is divided into non-invasive ventilation and invasive ventilation. On the basis of age group, the market is categorized into pediatric, adult, and geriatric and by end user, it is segmented into hospital and clinic, home care, ambulatory surgical centers, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific and LAMEA.
Key Findings Of The Study
• Based on product type, the intensive care unit/critical care, segment accounted for the largest mechanical ventilator market share in 2019.
• Based on age group, adult population segment is expected to grow at the highest CAGR during the forecast period
• Asia Pacific held the major share of the mechanical ventilator market CAGR of 18.6%.
Read Full Report @ https://www.alliedmarketresearch.com/mechanical-ventilators-market
The report provides a Some of the key players operating in the mechanical ventilator market include Becton, Dickinson and Company (CareFusion/ Vyaire Medical Inc.), Carl Reiner GmbH, Draegerwerk AG & Co. KGaA, Getinge AB (Maquet Holding B.V. & Co. KG), General Electric Company (GE Healthcare), Hamilton Medical AG, Koninklijke Philips N.V., Medtronic Plc. (Covidien Ltd.), Mindray Medical International Limited, Smiths Group Plc., and Zoll Medical Corporation.
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Life Science Market: https://www.alliedmarketresearch.com/reports-store/life-sciences
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Mechanical Ventilators Market Top Manufacturing Companies Becton, Dickinson and Company, Carl Reiner, Draegerwerk, Getinge AB, General Electric here
News-ID: 2101370 • Views: …
More Releases from Allied Market Research
Advancing Cancer Care: CAR T-Cell Therapy Market's Growth Trajectory | CAGR of 1 …
The CAR T-Cell therapy market is pioneering a new era in cancer treatment, offering a highly promising approach to combat various malignancies by genetically engineering a patient's own T-cells to target and destroy cancer cells. This innovative immunotherapy has demonstrated remarkable success in treating certain types of leukemia and lymphoma, achieving deep and durable responses in patients who have exhausted other treatment options. The global CAR T-Cell therapy market size…
Industrial Brakes Market Reach $1,957.31 million by 2030 at 4.1% CAGR dominated …
Industrial Brakes Market by Type (Mechanical, Hydraulic, Pneumatic, Electrical, Others), by Application (Holding Brakes, Dynamic & Emergency Brakes, Tension Brakes), by End User Industry (Manufacturing, Metal & Mining, Construction, Marine & Shipping, Others): Global Opportunity Analysis and Industry Forecast, 2020-2030." According to the report, the global industrial brakes industry generated $1.29 billion in 2020, and is expected to reach $1.95 billion by 2030, witnessing a CAGR of 4.1% from 2021…
Revolutionizing Healthcare: Exploring the Growth Trajectory of Healthcare CRM Ma …
The global healthcare CRM market is on a rapid growth trajectory, expected to reach $36.7 Billion by 2030 from $9.7 Billion in 2020, according to a recent report by Allied Market Research. The North American region currently dominates the market, accounting for 43.5% of the market share in 2020.
Key Trends and Insights:
The market growth is fueled by the rising demand for more effective marketing communication solutions and the imperative to…
Solar Hydrogen Panel Market Estimated to Experience a Hike in Growth By 2032 - N …
Solar hydrogen panels are set to transform the energy sector, providing portable, efficient, and environmentally friendly power solutions. Rapid industrialization and urbanization in emerging economies such as India, China, and Brazil are driving the growth of this market. As these countries experience a surge in electricity demand and prioritize the expansion of power generation capacities, solar hydrogen panels offer a dependable, adaptable solution, and uninterrupted energy supply while minimizing carbon…
More Releases for Mechanical
Global Mechanical Test Equipment Market, Global Mechanical Test Equipment Indust …
The Mechanical Test Equipment market is expected to grow from USD X.X million in 2020 to USD X.X million by 2026, at a CAGR of X.X% during the forecast period. The Global Mechanical Test Equipment Market report is a comprehensive research that focuses on the overall consumption structure, development trends, sales models and sales of top countries in the global Mechanical Test Equipment market. The report focuses on well-known providers…
Introducing Magna Mechanical
Magna Mechanical provides mechanical construction services to industrial and commercial facilities in Texas. We strive daily to distinguish ourselves as one of the premier mechanical construction firms in Texas. As mechanical contractors, we approach every project with a plan to complete it on schedule, within budget, and adhering to the highest quality and safety standards.
We are Industrial Mechanical Contractors
Magna Mechanical was founded to perform industrial construction services. We provide piping,…
Mechanical Jacks Market, Worldwide, 2030
The “ Mechanical Jacks Market Analysis to 2030” is a specialized and in-depth study of the Mechanical Jacks industry with a focus on the Mechanical Jacks market trend. The report aims to provide an overview of the Mechanical Jacks market with detailed market segmentation by component, application, end-user, and geography. The Mechanical Jacks market is expected to witness high growth during the forecast period. The report includes key statistics on…
Mechanical Mine Clearance Systems
While the need for safe demining action is gradually becoming a necessity, the world awaits the arrival of affordable mechanical mine clearance systems. Demining action continues to gain traction across the globe, driving the adoption of mechanical mine clearance systems and reducing the casualty incidence rate while planting active landmines. Furthermore, the urgency of clearing landmines for rehabilitation purposes is also prompting the use of mechanical mine clearance systems. Persistence…
Global Mechanical Test Equipment Industry Global Mechanical Test Equipment Indus …
This study focuses on the production side and consumption side of Mechanical Test Equipment, presents the global Mechanical Test Equipment market size by manufacturers, regions, type and application, history breakdown data from 2013 to 2018, and forecast to 2025.
In terms of production side, this report researches the Mechanical Test Equipment capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and product type.
In terms of…
Carriers for mechanical release
Plan Optik AG offers re-usable carriers for thin wafer handling which can be used for mechanical release of the device wafers.
There is an ongoing wafer thickness reduction in the semiconductor industry since years. The market is demanding for smaller devices, cost reduction and increased number of functions. Therefore smaller package sizes need to be generated. Mainly consumer applications are driving this progression but the demand for smaller package sizes is…