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 latest market intelligence report, titled ‘Global Mechanical Ventilator Market’, is intended to provide the target audience with the necessary information about the global Mechanical Ventilator industry. The report comprises a detailed analysis of the vital elements of the Mechanical Ventilator market, including key drivers, constraints, opportunities, limitations, threats, and micro- and macro-economic factors. The report carefully investigates the present market scenario and the fundamental growth prospects. The report entails an organized database of the Mechanical Ventilator market dynamics that helps market analysts estimate the global market growth rate over the projected timeline.
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The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.
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
Research Report on the Mechanical Ventilator Market Addresses the Following Key Questions:
Who are the dominant players of the Mechanical Ventilator market?
Which regional market is anticipated to have a high growth rate over the projected period?
What consumer trends and demands are expected to influence the operations of the market players in the Mechanical Ventilator market?
What are the key growth drivers and restraining factors of the Mechanical Ventilator market?
What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
What is the overall impact of the COVID-19 pandemic on the Mechanical Ventilator market and its key segments?
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Emergen Research has segmented the global Mechanical Ventilator market on the basis of type, type of care, 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
In conclusion, the Mechanical Ventilator Market report is an exhaustive database that will help readers formulate lucrative strategies. The Mechanical Ventilator Market report studies the latest economic scenario with value, drivers, constraints, growth opportunities, challenges, demand and supply ratio, production capacity, import/export status, growth rate, and others. Additionally, the report also undertakes SWOT Analysis and Porter’s Five Forces Analysis to study the leading companies.
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