Mechanical Ventilators Market Size, Business Strategy and Regional Analysis by 2027 |

The IMARC Group provides extensive analysis of the mechanical ventilators industry covering the market trends, investment opportunities, growth trends, statistics, and industry prospects. The report offers a comprehensive analysis of the industry, which comprises insights on market size, share, trends, analysis, growth, demand, statistics, and overview. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

Mechanical Ventilators Market Overview:

The global mechanical ventilators market reached a value of US$ 5.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 6.5 Billion by 2027, exhibiting a CAGR of 4.61% during 2022-2027. the global mechanical ventilators market is currently witnessing strong growth. A mechanical ventilator is a form of life support system that aids patients who are unable to breathe on their own due to a critical illness or during surgery. This machine consists of a hollow tube that is inserted through the mouth of the patient and into the airway. It ensures the availability of adequate oxygen in the body until the health condition of the individual improves. These devices are mostly employed in Intensive Care Units (ICUs), neonatal care centers and ambulances to relieve respiratory distress and initiate lung healing. These ventilators are widely used in the treatment of hypoxemia, apnea, acute lung injury and chronic obstructive pulmonary disease (COPD).

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Global Mechanical Ventilators Market Trends:

The global market is primarily driven by the rising incidences of chronic respiratory disorders. This can be attributed to the growing geriatric population, rising pollution levels and the increasing number of smokers across the globe. The rapid outbreak of the novel coronavirus disease (COVID-19) has also created an escalating demand for mechanical ventilators on the global level. A sudden spike in COVID-19 cases has significantly increased the number of critical patients who require intensive care for life support. Since the virus is known to damage the lungs in severe active cases, which further causes the body's oxygen levels to drop, thus making it difficult to breathe, ventilators are extensively used to alleviate the critical conditions and restore regulated breathing. Apart from this, the surging demand for these devices in the wake of the pandemic has led several non-medical enterprises to collaborate with ventilator manufacturing companies in an effort to meet the ever-increasing demand. Furthermore, product innovations and extensive research and development (R&D) have led to the introduction of portable and non-invasive mechanical ventilators with improved functionalities, which is acting as another major growth-inducing factor. Manufacturers are also integrating high-speed signal processing systems with these devices to achieve enhanced efficiency with an enhanced user interface. Some of the other factors contributing to the market growth include the growing adoption of home care therapeutics and the favorable initiatives undertaken by several governments to improve the healthcare infrastructure. 

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Competitive Landscape:

Allied Healthcare Products
Air Liquide, Asahi Kasei
GE Healthcare Company
Hamilton Medical AG
Maquet GmbH & Co. KG (Gatenge)
Medtronic Plc
Mindray Medical International Ltd.
Philips Healthcare
ResMed
Smiths Group Plc
Vyaire Medical Inc., etc

Breakup by Product Type:

Intensive Care Ventilators
Portable/Ambulatory Ventilators
Others

Breakup by Interface:

Invasive Ventilation
Non-Invasive Ventilation

Breakup by Age Group:

Pediatric
Adult
Geriatric

Breakup by Mode of Ventilation:

Combined Mode of Ventilation
Volume Mode of Ventilation
Pressure Mode of Ventilation
Other Mode of Ventilation

Breakup by End-Use:

Hospitals and Clinics
Home Care
Ambulatory Care Centers
Others

Breakup by Region:

North America
Asia Pacific
Europe
Latin America
Middle East and Africa

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Key highlights of the report:                                                           

Market Performance (2016-2021)
Market Outlook (2022-2027)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

Sources:

https://www.marketwatch.com/press-release/cosmetics-market-size-growth-demand-industry-analysis-and-forecast-2022-2027-imarc-group-2022-08-19

https://www.marketwatch.com/press-release/global-adventure-tourism-market-size-and-demand-analysis-by-capital-investment-industry-outlook-growth-potential-opportunities-trends-2022-08-19

https://www.marketwatch.com/press-release/drug-eluting-stents-market-share-size-analysis-business-scope-drivers-and-growth-opportunities-2022-08-19

https://www.marketwatch.com/press-release/bancassurance-market-share-in-gcc-demand-industry-analysis-and-forecast-2022-2027-imarc-group-2022-08-19

https://www.marketwatch.com/press-release/medical-simulation-market-size-outlook-growth-potential-opportunities-trends-2022-08-19

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