openPR Logo
Press release

Surrogacy Market size is expected to reach $201.40 million by 2025

03-16-2021 02:15 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Report Ocean

According to a new report published by Report Ocean, titled, “Mechanical Ventilator Market by components, product type, mode, age group, end user, and region: Opportunity Analysis and Industry Forecast, 2020-2027.


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.

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
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%.
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.


Get in Touch with Us:
Report Ocean
Address: 500 N Michigan Ave, Suite 600, Chicago, IIIinois 60611 – UNITED STATES
Tel: +1 888 212 3539 (US – TOLL FREE)

We are the best market research reports provider in the industry. Report Ocean believe in providing the quality reports to clients to meet the top line and bottom line goals which will boost your market share in today’s competitive environment. Report Ocean is “one-stop solution” for individuals, organizations, and industries that are looking for innovative market research reports.

This release was published on openPR.

Permanent link to this press release:

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 Surrogacy Market size is expected to reach $201.40 million by 2025 here

News-ID: 2257139 • Views:

More Releases from Report Ocean

Japan Internet Advertising Market CAGR of 24.9%, Behind the Scenes Techniques for Deep Understanding of Consumer Behavior
Japan Internet Advertising Market CAGR of 24.9%, Behind the Scenes Techniques fo …
The Japan Internet Advertising Market has demonstrated remarkable growth, reaching a valuation of USD 29.49 Billion in 2021. With the digital landscape continually evolving, it is forecasted to soar to an impressive USD 112.04 Billion by 2027. This surge represents an anticipated compound annual growth rate (CAGR) of 24.9% over the projected period, highlighting the dynamic and rapidly expanding nature of the digital advertising sector in Japan. Internet Advertising are set
Location Analytics Market Through the Looking Glass Techniques for a Profound Understanding of Consumer Behavior
Location Analytics Market Through the Looking Glass Techniques for a Profound Un …
This comprehensive market research report offers an in-depth analysis of the global location analytics market from 2019 to 2026. Valued at USD 10,813.6 million in 2019, the market is forecasted to surge to USD 29,878.5 million by 2026, demonstrating a robust Compound Annual Growth Rate (CAGR) of 15.6% throughout the projection period. This report delves into the key drivers, restraints, opportunities, and challenges that are shaping the market, providing stakeholders
Affiliate Marketing Platform Market Eyes Wide Open Maximizing the Value of Observational Research in Consumer Behavior
Affiliate Marketing Platform Market Eyes Wide Open Maximizing the Value of Obser …
The Global Affiliate Marketing Platform Market, valued at USD 19,217.4 million in 2021, is projected to witness significant growth over the next decade, reaching an estimated value of USD 36,902.1 million by 2030. This report provides an in-depth analysis of the market dynamics, growth drivers, challenges, and opportunities that will influence the affiliate marketing landscape over the forecast period of 2021-2030. With a Compound Annual Growth Rate (CAGR) of 7.7%,
Global Clear Brine Fluids Market Growth Forecast and Trends (2022-2030)
Global Clear Brine Fluids Market Growth Forecast and Trends (2022-2030)
The global clear brine fluids market was valued at US$ 0.95 billion in 2021. It is anticipated to experience growth, reaching a valuation of US$ 1.39 billion by 2030. This growth trajectory translates to a compound annual growth rate (CAGR) of 3.1% during the forecast period from 2022 to 2030. Clear brine fluids, crucial in the oil and gas industry for drilling and completion processes, are poised for increased demand,

All 5 Releases

More Releases for CAGR

Cat Litter Box Market | CAGR of 9.1% | Revenue & CAGR of 9.1%
Cat Litter Box Market Report provides precise data about the market size, commercialization aspects and revenue forecast of the industry. The global Cat Litter Box market offers a historical factsheet relevant to the strategic mergers, acquirements, joint venture activities, and partnerships spread in the Cat Litter Box market. The most advanced data has been presented in the study on the revenue numbers, product details, and sales of the major firms.
Predictive Analytics Market Growing at Strong CAGR of CAGR of 25.31% 2019
Predictive analytics helps to extract information from the existing data. It helps in understanding the pattern and predict the trend or future for the organization. It uses what-if scenarios to predict possible risks involved in the future. Predictive analytics also helps in the optimization of the marketing campaigns and understanding of the customer behaviour for increasing the end-user response and to reduce the churn. Predictive analytics is segmented into: Risk management:
Global Absorption Chillers Market Reflecting a CAGR of 7.6% CAGR through 2025
The demand for thermally-driven chillers in multiple industrial verticals is poised to grow in the immediate future. Considering the rising demand for electrical chillers in commercial, residential as well as industrial settings, the adoption of absorption chillers will gain traction at considerable rate. By consuming lesser energy than conventional electrical chillers, absorption chillers will also garner surplus demand for not using ozone-depleting chlorofluorocarbons (CFC) for chilling purposes. Persistence Market Research’s
Aircraft Sensors Market Growing at a CAGR of 6.4% CAGR By 2022
The global aircraft sensors market is forecasted to receive a strong push in its growth momentum on the back of advancements in technologies, massive investments forwarded by private equity groups, and the elevation in the demand for aircraft. Adherence to the requirements and regulations of authorities such as local aircraft regulatory bodies and the Federal Aviation Administration (FAA) could pamper the growth of the market. Nonetheless, there could be more
China Baby Diapers Market Reflecting a CAGR of 19.1% CAGR 2012-2017
The increasing birth rate in China has proven to be a boon for the country’s baby diaper’s market. To provide a comprehensive analysis of the growth trajectory exhibited by the China baby diapers market and study the impact of the dynamic regulatory policies on the market, Transparency Market Research (TMR) has published a report, titled “Baby Diapers Market - China Industry Analysis, Market Size, Share, Growth, Trends And Forecast, 2012
Ecg Device Market Register a CAGR Growth of 4.1% CAGR by 2024
This region holds highest market share over the forecast period (2016-2024) and is expected to exhibit slow growth rate. The Asia Pacific is expected to be the fastest-growing region for ECG devices owing to its increasing incidence rate of cardiovascular diseases and high population. ECG devices are experiencing a paradigm technological shift from resting ECG systems to portable Holter monitoring systems, owing to their advantages of patient mobility, low prices and