The global mechanical ventilator market size was USD 2.91 Billion in 2022 and is expected to register a revenue CAGR of 4.9% during the forecast period, according to latest analysis by Emergen Research. Increasing prevalence of respiratory diseases, rising investments and funding toward production of such devices, and recent advancements in mechanical ventilation technology are some of the major factors driving the market revenue growth.
Mechanical ventilators are available in a variety of configurations, including fixed units for Intensive Care Units (ICUs), mobile units for moving patients between hospitals and within a single facility, components for use at home, invasive units based on endotracheal intubation, and Non-Invasive Ventilation (NIV) units with different kinds of face masks. Some ventilators' advanced ventilation settings even permit medical personnel to administer Cardiopulmonary Resuscitation (CPR) without removing the ventilator from the patient. In addition, these ventilators provide clinicians with more settings, alternatives, and tools to support lung-protective breathing. New ventilators with characteristics such as trans pulmonary pressure monitoring, lung recruitment with tools to calculate the ideal Positive End-Expiratory Pressure (PEEP), Safe Window, Cuff Pressure Management, EtCO2 SPO2 Monitoring, among others, are being introduced by major market firms, which are driving revenue growth of the market. Rising prevalence of respiratory disorders is one of the major factors driving revenue growth of this sector. The prevalence of chronic respiratory disorders has increased by 40% in the last three decades, according to the NCD Alliance. Respiratory infections, such as the COVID-19 pandemic outbreak, are driving up the market need for mechanical ventilation. As of July 26, 2023, World Health Organization (WHO) had received reports of 768,560,727 confirmed cases of COVID-19, including 6,952,522 deaths. According to the World Health Organization of the 5% of COVID-19 patients that require ICU treatment, around 88% have been placed on mechanical ventilation due to severe hypoxemia that escalates to Acute Respiratory Distress Syndrome (ARDS).
The report is formulated with the updated and latest information of the global Mechanical Ventilator market further validated and verified by the industry experts and professionals. The Global Mechanical Ventilator Market report contains historical, current, and forecast estimation of the revenue generation and profits for each segment and sub-segment of the Mechanical Ventilator market in each key region of the world. The report additionally sheds light on the emerging growth opportunities in the business sphere that are anticipated to bolster the growth of the market.
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Competitive Terrain:
The global Mechanical Ventilator industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.
The leading market contenders listed in the report are:
Medtronic, Getinge AB., Boston Scientific Corporation, Hamilton Medical, Becton, Dickinson and Company, Koninklijke Philips N.V., GE HEALTHCARE, Drägerwerk AG Co. KGaA, ZOLL Medical Corporation., and Fisher Paykel Healthcare Limited
Key market aspects studied in the report:
Market Scope: The report explains the scope of various commercial possibilities in the global Mechanical Ventilator market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.
Competitive Outlook: The leading companies operating in the Mechanical Ventilator market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.
Report Objective: The primary objective of this report is to provide the manufacturers, distributors, suppliers, and buyers engaged in this sector with access to a deeper and improved understanding of the global Mechanical Ventilator market.
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Market Segmentations of the Mechanical Ventilator Market
This market is segmented based on Types, Applications, and Regions. The growth of each segment provides accurate forecasts related to production and sales by Types and Applications, in terms of volume and value for the period between 2022 and 2030. This analysis can help readers looking to expand their business by targeting emerging and niche markets. Market share data is given on both global and regional levels. Regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East Africa. Research analysts assess the market positions of the leading competitors and provide competitive analysis for each company. For this study, this report segments the global Mechanical Ventilator market on the basis of product, application, and region:
Segments Covered in this report are:
Product Type Outlook (Revenue, USD Billion; 2019-2032)
- Intensive Care Unit/Critical Care
- Transport/Portable/Ambulatory
- Neonatal Care
Ventilation Mode Outlook (Revenue, USD Billion; 2019-2032)
- Noninvasive
- Invasive
End-Use Outlook (Revenue, USD Billion; 2019-2032)
- Hospitals Clinics
- Home Care Settings
- Ambulatory Surgical Centers
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Major Geographies Analyzed in the Report:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
ToC of the report:
Chapter 1: Market overview and scope
Chapter 2: Market outlook
Chapter 3: Impact analysis of COVID-19 pandemic
Chapter 4: Competitive Landscape
Chapter 5: Drivers, Constraints, Opportunities, Limitations
Chapter 6: Key manufacturers of the industry
Chapter 7: Regional analysis
Chapter 8: Market segmentation based on type applications
Chapter 9: Current and Future Trends
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