Mechanical Ventilator Market to Grow at 14.4% CAGR, Reaching $15.13 Billion by 2028 - Report by The Business Research Company

The new report published by The Business Research Company, titled "Mechanical Ventilator Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the mechanical ventilator market size has grown rapidly in recent years. It will grow from $7.79 billion in 2023 to $8.83 billion in 2024 at a compound annual growth rate (CAGR) of 13.3%. The mechanical ventilator market size is expected to see rapid growth in the next few years. It will grow to $15.13 billion in 2028 at a compound annual growth rate (CAGR) of 14.4%.

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Rise Focus Towards Improvement In Healthcare Infrastructure
Improving healthcare infrastructure is expected to propel the growth of the mechanical ventilator market. Healthcare infrastructure is referred to as a foundation for planning, evaluating, delivering, and implementing improvements in public health. The outbreak of the COVID-19 pandemic has increased the need for infrastructure readiness and the demand for improved healthcare facilities. Many hospitals are increasing their capacity of mechanical ventilators to tackle the urgent need without facing a shortage of medical devices for treatment in an emergency. For instance, in June 2021, the government of India planned an INR 50,000 crore ($6.8 billion) program to boost health infrastructure in the country. Therefore, the improving healthcare infrastructure is driving the growth of the mechanical ventilator market.

Shift Towards Automation In The Mechanical Ventilator Market
Product innovation is a key trend gaining popularity in the mechanical ventilator market. Companies are investing in the research and development of new products to automate the mechanical ventilators based on frequency, assist control, and time to minimize the ventilator work. For instance, in January 2022, OES Medical, a UK based-manufacturer of anesthesia equipment and accessories, launched Gemini-G100, an electrically driven piston ICU ventilator. The new Gemini-G100 is designed to assist intensive care teams worldwide, where the high-pressure oxygen gas supplies are problematic. It only requires electric power and doesn't place any demand on the oxygen supply within the hospital.

The mechanical ventilator market covered in this report is segmented -
1) By Type: Adult Ventilators, Pediatric Ventilators, Neonatal/ Infant Ventilators
2) By Mobility: Intensive Care Ventilators, High-End ICU Ventilators, Mid-End ICU Ventilators, Basic ICU Ventilators, Portable Ventilators
3) By Mode Of Ventilation: Invasive Ventilation, Non-Invasive Ventilation
4) By End-User: Hospitals and Clinics, Home Care, Ambulatory Care Centers, Emergency Medical Service, Other End-Users

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Major companies operating in the mechanical ventilator market report are Air Liquide, Medtronic plc, Becton Corporation, Koninklijke Philips N.V., GE Healthcare, Atos Medical, Smiths Medical, Bio-Med Devices Inc., ResMed, Hill-Rom Holdings Inc., Getinge, Dräger, Spirax-Sarco, Chart Biomedical, Fisher & Paykel Healthcare Limited, ZOLL Medical Corporation, Vyaire Medical Inc., Welch Allyn, SCHILLER, Hamilton Medical, Avasarala Technologies Limited, Ventec Life Systems, Allied Healthcare Products Inc., Bunnell Inc., Carl Reiner GmbH, Acoma Medical Industry Co Ltd., Airon Corporation, aXcent Medical GmbH, Trident Medical Innovations

Contents of the report:
1. Executive Summary
2. Mechanical Ventilator Market Report Structure
3. Mechanical Ventilator Market Trends And Strategies
4. Mechanical Ventilator Market - Macro Economic Scenario
5. Mechanical Ventilator Market Size And Growth
…..
27. Mechanical Ventilator Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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