Global Mechanical Ventilator Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2029
“Global Mechanical Ventilator Market” is the title of an upcoming report offered by MarketResearch.Biz. The report contains information and data, and inputs from both primary and secondary data sources, that have been verified and validated by experts in the target market. The report presents a thorough study of revenues, historical data, and information, key developments, and strategies by major players that - offers vital insights and perspectives in various scenarios market. Besides critical data and related information, the report includes key trends (both present and future), factors that are driving market growth, factors that are or could be potential restraints to market growth, as well as opportunities that can be leveraged for potential revenue generation in untapped regions and countries. It also covers threats or challenges for existing as well as new entrants in the market. The global mechanical ventilator market has been segmented on the basis of product, as well as regions and countries.
A mechanical ventilator is a machine that helps a patient respire (ventilate) when being operated on or when they cannot breathe on their own as a result of a sickness or disease. In order for a patient to be connected to a ventilator, a hollow tube (artificial airway) goes into their mouth, and down their trachea or main airway.
The unanticipated outbreak of COVID-19 has led to an exponential surge in the demand for mechanical ventilators in recent months. The respective governments of various countries have substantially increased funding towards the supply of emergency medical equipment and necessaries. This is expected to significantly fuel market growth in the near future. The increasing incidence of respiratory diseases such as emphysema, Chronic Obstructive Pulmonary Disease (COPD) (This can be attributed to the rise in lifestyle habits such as smoking, etc.), and a booming global geriatric population is further contributing to the revenue growth of the global mechanical ventilator market. Another factor that is complementary to this market’s growth are the increasing number of technological innovations being included in these devices currently, apart from them being cost-effective, patient-friendly, and portable.
The extensive evolution of these devices has resulted in benefits such as better oxygenation, enhanced gas exchange, and improved weaning, with lesser lung damage levels. This is expected to improve the overall patient experience, and subsequently boost the revenue growth of the global mechanical ventilator market in the coming years.
Other factors that are impacting the revenue growth of the global mechanical ventilator market are a surging global geriatric population, as well as the increasing need for emergency treatment of lung diseases in both adults and children.
Segmentation of the global mechanical ventilator market is as follows:
On the basis of product in terms of revenue generated, the critical care mechanical ventilators segment accounted for majority revenue share of the global mechanical ventilator market in 2019 owing to the high adoption and installation rates in hospitals and other medical facilities. And, the rise in the number of hospitals is further contributing to future market growth.
There is also an increased demand for products from the transport and portable mechanical ventilators segment due to their efficiency in a variety of applications.
Regional Segmentation and Analysis:
North America accounted for the majority revenue share of the global mechanical ventilator market, and is expected to continue to do so in the years to come owing to the rising number of COVID-19 confirmed cases and the presence of major industry player in this region.
The Asia Pacific markets are also expected to register a significant rate of revenue growth in the near future due to rising healthcare expenditure, the increasing number of chronic respiratory diseases, and more recently, COVID-19 cases in the region.
Segmentation of the Global Mechanical Ventilator Market:
Segmentation by Product:
- Critical care
- Transport & portable
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Allied Healthcare
- GE Healthcare
- Ventec Life Systems
- Smiths Medical
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