openPR Logo
Press release

Mechanical Ventilators Market is expected to grow at a CAGR of 4.13% during the forecasted period | Evolve Business Intelligence

11-21-2023 07:13 AM CET | Health & Medicine

Press release from: Evolve Business Intelligence

Mechanical Ventilators Market is expected to grow at a CAGR

Key Highlights:
• The global Mechanical Ventilators Market size was valued at USD 2.90 billion in 2022 growing at a CAGR of 4.13% from 2023 to 2033.
• North America dominated the market in 2022
• Asia Pacific is expected to grow at the highest CAGR from 2023 to 2033

As per the study initiated by Evolve Business Intelligence, the global Mechanical Ventilators Market size accounted for USD 2.90 billion in 2022, growing at a CAGR of 4.13% from 2023 to 2033.The Mechanical Ventilators Market involves devices designed to assist patients in breathing by delivering oxygen and removing carbon dioxide from their lungs. These machines are crucial in various medical settings, including intensive care units and emergency medicine, catering to patients with respiratory failure or those requiring respiratory support. Key players like Medtronic, Philips Healthcare, and ResMed drive innovation in this market, offering advanced ventilator technologies, including invasive and non-invasive options, to address diverse patient needs. The market's growth is fueled by increasing incidences of respiratory diseases and the demand for critical care solutions globally.

Request/Download PDF Sample: https://report.evolvebi.com/index.php/sample/request?referer=OpenPR&reportCode=021387

The Mechanical Ventilators Market is primarily driven by the global healthcare demand for respiratory support devices, especially amidst pandemics or critical care scenarios. Rising occurrences of respiratory illnesses, technological advancements improving ventilator efficiency, and increased hospitalization rates contribute to sustained market growth.

Key Players
Some of the major Mechanical Ventilators Market players holding high market shares include Getinge AB; Medtronic; Vyaire Medical Inc.; Drägerwerk AG & Co. and KGaA; Koninklijke Philips N.V These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders. Some of the other major market players include Hamilton Medical; GE Healthcare; Smiths Medical; ZOLL Medical Corporation; Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

For More Information: https://report.evolvebi.com/index.php/sample/request?referer=OpenPR&reportCode=021387

Segmental Analysis
Based on Product, the Mechanical Ventilators market is segmented into Critical Care, Neonatal, Transport & Portable and Others. With a market share of more than 38.0% in 2022, critical care ventilators were the industry leader because of their high installation and adoption rates in hospitals. Hospital intensive care units are the primary use for critical care ventilators. An increase in hospitals and healthcare facilities is anticipated to have a positive effect on revenue growth.
Based on Ventilation Mode, the Mechanical Ventilators market is segmented into Invasive and Non-invasive. In 2022, the non-invasive ventilation mode accounted for over 57.6% of the market, making it the largest segment. Throughout the projection period, the segment is probably going to grow at the quickest rate. The market is growing primarily because non-invasive mechanical ventilation is used in many different applications and can provide higher and more accurate oxygen concentrations.
Based on End-use, the Mechanical Ventilators market is segmented into Hospitals, Home Healthcare and Others. With a revenue share of more than 45.0% in 2021, the hospitals segment was the leader. This is because hospitals are spending more money, which makes it possible for them to accept ventilators with cutting-edge technology. The increased emphasis on better health outcomes, the availability of qualified healthcare professionals to operate these ventilators, and the increased productivity of hospitals are all factors driving the growth of this market.

Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)

Evolve Business Intelligence
C-218, 2nd floor, M-Cube
Gujarat 396191
India
Email: sales@evolvebi.com
Website: https://evolvebi.com/

Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool - EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from fortune's global 2000 companies.

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 is expected to grow at a CAGR of 4.13% during the forecasted period | Evolve Business Intelligence here

News-ID: 3294962 • Views:

More Releases from Evolve Business Intelligence

Capsules: Encapsulating Opportunity in the Self-Healing Concrete Market
Capsules: Encapsulating Opportunity in the Self-Healing Concrete Market
The self-healing concrete market is gaining momentum, driven by the need for durable and sustainable infrastructure. Within this innovative field, the capsule segment stands out as a high-opportunity area, offering a promising approach to automatically repair rifts and extend the lifespan of concrete structures. Market Dynamics and Growth Drivers Capsule-based self-healing concrete incorporates micro or macro capsules containing healing agents, such as bacteria, polymers, or mineral precursors, into the concrete mix. When
Flow and Level Sensors: Navigating High Opportunity in the Marine Sensors Market
Flow and Level Sensors: Navigating High Opportunity in the Marine Sensors Market
The marine sensors market is experiencing significant growth, driven by the increasing demand for enhanced vessel safety, operational efficiency, and environmental monitoring. Among the diverse array of marine sensors, the flow and level sensors segment presents a high-opportunity area, playing a vital role in ensuring optimal vessel performance and preventing critical failures. Market Dynamics and Growth Drivers Flow and level sensors provide real-time data on fluid levels and flow rates within various
Seat Mounts: Anchoring Growth in the Dynamic Marine Seats Market
Seat Mounts: Anchoring Growth in the Dynamic Marine Seats Market
The marine seats market is driven by the demand for comfort, safety, and durability in various marine applications, from recreational boating to commercial vessels. Within this dynamic sector, the seat mount segment presents a high-opportunity area, playing a crucial role in ensuring secure and adaptable seating solutions for diverse marine environments. Market Dynamics and Growth Drivers Seat mounts provide the essential connection between marine seats and the vessel's deck, offering stability, adjustability,
PE100 Pipes: The High-Pressure Powerhouse Driving Growth in the HDPE Pipes Market
PE100 Pipes: The High-Pressure Powerhouse Driving Growth in the HDPE Pipes Marke …
The HDPE (High-Density Polyethylene) pipes market is experiencing robust expansion, fueled by its versatility and durability across various applications. Within this thriving sector, the PE100 pipe segment stands out as a high-opportunity area, offering superior performance for high-pressure applications in water, gas, and industrial pipelines. Market Dynamics and Growth Drivers PE100 pipes, characterized by their high density and excellent long-term hydrostatic strength, are designed to withstand demanding operating pressures

All 5 Releases


More Releases for Mechanical

Mechanical Aeration Device(Mechanical Aerator) Market Analysis and Future Prospe …
The world of the mechanical aeration device(mechanical aerator) market is a complex and ever-evolving landscape, shaped by consumer demands and technological advancements. In this report, we delve into the depths of this market to provide a profound and comprehensive analysis, catering to a diverse audience that includes manufacturers, suppliers, distributors, and investors. Our primary goal is to empower industry stakeholders with invaluable insights to make informed decisions in a rapidly
Portable Mechanical Ventil Market Portable Devices for Mechanical Ventilation Su …
Portable Mechanical Ventil Market 2023 Forecast: Unveiling Opportunities and Growth Portable Mechanical Ventil Market research report helps to recognize the market challenges and opportunities. Global Portable Mechanical Ventil Market report contains the recent forecast research for the predicted period. The report extensively offers the latest information about the technological developments and market growth prospect on the basis of the regional landscape. This Report offers a complete evaluation of every area including
Portable Mechanical Ventilation Market Portable Devices for Mechanical Ventilati …
Portable Mechanical Ventilation Market 2023 Forecast: Unveiling Opportunities and Growth Portable Mechanical Ventilation Market research report helps to recognize the market challenges and opportunities. Global Portable Mechanical Ventilation Market report contains the recent forecast research for the predicted period. The report extensively offers the latest information about the technological developments and market growth prospect on the basis of the regional landscape. This Report offers a complete evaluation of every area including
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 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