IMARC Group, a leading market research company, has recently releases report titled “Mechanical Ventilators Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global mechanical ventilators market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the mechanical ventilators market?
| Report Attributes | Details |
| Market Size in 2022 | US$ 5.2 Billion |
| Market Forecast in 2028 | US$ 6.9 Billion |
| Growth rate (2023 to 2028) | CAGR of 4.91% |
| Base Year of the Analysis | 2022 |
| Forecast Period | 2023-2028 |
What is Mechanical Ventilators?
A mechanical ventilator refers to an artificial breathing device that is used for patients who are not able to breathe naturally during surgery. It consists of a hollow tube that is inserted into the trachea to create a stable airway. Some of the commonly utilized product variants include positive and negative mechanical ventilators that are used in intensive care units (ICUs), neonatal care centers, ambulances, etc. They also assist in maintaining adequate levels of oxygen and carbon dioxide in the body to relieve respiratory distress, reverse respiratory muscle fatigue, initiate lung healing, etc.
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What are the growth prospects and trends in the mechanical ventilator industry?
The growing prevalence of respiratory disorders and chronic obstructive pulmonary disease is primarily augmenting the mechanical ventilators market. Furthermore, the expanding geriatric population and the increasing number of individuals suffering from other ailments, including diabetes, hypertension, cardiovascular diseases (CVDs), etc., are positively influencing the global market. Apart from this, continuous technological advancements, such as the development of portable and non-invasive mechanical ventilators, are acting as significant growth-inducing factors. Moreover, the elevating utilization of these devices by leading manufacturers with high-speed signal processing systems and numerous improvements in the design, efficiency, and safety measures to make them more patient-friendly and cost-effective are also bolstering the market growth. Besides this, the launch of favorable policies by government bodies to enhance healthcare infrastructures, the introduction of home care therapeutics, the rising consumer awareness towards the available treatments for respiratory diseases, and extensive investments in R&D activities are expected to fuel the mechanical ventilators market over the forecasted period.
Who are the key players operating in the industry?
The report covers the major market players including:
- Allied Healthcare Products
- Air Liquide, Asahi Kasei
- GE Healthcare Company
- Hamilton Medical AG
- Maquet GmbH & Co. KG (Gatenge)
- Medtronic Plc
- Mindray Medical International Ltd.
- Philips Healthcare
- ResMed
- Smiths Group Plc
- Vyaire Medical Inc., etc
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Product Type:
- Intensive Care Ventilators
- Portable/Ambulatory Ventilators
- Others
Breakup by Interface:
- Invasive Ventilation
- Non-Invasive Ventilation
Breakup by Age Group:
- Pediatric
- Adult
- Geriatric
Breakup by Mode of Ventilation:
- Combined Mode of Ventilation
- Volume Mode of Ventilation
- Pressure Mode of Ventilation
- Other Mode of Ventilation
Breakup by End-Use:
- Hospitals and Clinics
- Home Care
- Ambulatory Care Centers
- Others
Breakup by Region:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
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Key highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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