Medical Ventilator Market Scenario:
A medical ventilator is a form of artificial respiratory assistance machinery that is designed for providing ventilation to patients that are struggling with breathing. The task of assisting individuals with their breathing is highly delicate. For this, utmost reliability and safety of the equipment is critical. Ventilators are majorly used in emergency medicine, intensive care medicine, anesthesiology, and home care. It offers mechanical ventilation by passing the breathable air both into and out of the lungs.
There are a number of reasons for needing medical ventilators. Some of the major ones are as follows: Chronic Obstructive Pulmonary Disease (COPD), Cystic Fibrosis, blood clot, injury to the spinal cord, lung injury, stroke, drug overdose, pneumonia or any other type of respiratory disease, while being in intensive care, and during surgeries that require general anesthesia.
It was noted through the extensively curated study by Market Research Future (MRFR) that the global Medical Ventilator Market is expected to garner increasing demand in the coming years. This is due to a variety of key factors. Some of the highlighted factors in the report are the prevalence of lifestyle-based disorders like hear attacks and respiratory issues, rising percentage of critically ill patients, imperative need for ventilators in emergency care, and high incidences of chronic illness among children.
However, at the same time, there are various risks that are associated with the use of medical ventilators. If the patients are ventilated for a long period of time, it can lead to them being diagnosed with pneumonia. Not to mention the fact that pneumonia is one of the most common infections acquired in hospitals.
The global medical ventilators market is expected to grow during the forecast period of 2017 to 2023 at a CAGR of 7.9% as per MRFR.
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Some of the major players in the global medical ventilators market include names like Medtronic (Ireland), Becton, Dickinson and Company (U.S.), Teleflex Incorporated (U.S.), ResMed (U.S.), Koninklijke Philips N.V. (the Netherlands), Hamilton Medical (Switzerland), Allied Healthcare Products Inc. (U.S), General Electric Company (U.S.), and others.
June 2019, the department of Anaesthesiology and Perioperative Medicine and the Surgical Intensive Care Unit (SICU) of the Hamad Medical Corporation (HMC) collaborated with specialists from seven different international centers to introduce a revolutionary new mechanical ventilation technique named Evone for patients undergoing surgery at the hospital.
The global market segmentation of medical ventilators is done in terms of application and type.
- By application, the market segments into neonatal care, emergency care, critical care, and others.
- By type, the market breaks down into mechanical ventilators, invasive ventilators, and non-invasive ventilators. The non-invasive segment is branched into volume-cycled, flow-cycled, pressure-cycled, and time-cycled ventilators. While mechanical ventilators are sub-segmented into positive pressure and negative-pressure ventilators.
The global medical ventilator market is geographically distributed across the following regions: Middle East & Africa, Asia Pacific, Europe, and the Americas. The regional analysis of each of the geographical areas provides a precise understanding of the global reach and segmentation of the market.
Americas is the largest player in the global medical ventilators market with more than 60% of the share under its name. This global dominance of the Americas is due to a number of key factors. The increasing prevalence of lifestyle-based diseases in the region has led to diseases like bronchitis, asthma, chronic obstructive pulmonary diseases, and other disorders. This is, in turn, driving the growth of the market in this region. Add to this, an increasing number of patients are reported to be in critical state, there is a rising addiction to smoking, a growing number of surgical procedures is being performed, and a presence of a vast pool of medical device manufacturers in developed countries like the US are all contributing to the overall growth of the American medical ventilator market.
Europe holds the second-spot in the global medical ventilator market standings. Whereas, the Asia Pacific region is expected to hold the fastest growing market tag over the forecast period. Lastly, the Middle East & Africa regional market is anticipated to showcase little progress over the forecast period due to the lack of medical development and awareness.
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Table of Contents
- Report Prologue
2.2 Scope of The Study
2.2.1 Research objective
2.3 Market Structure
2.4. Market Segmentation
List of Tables
Table 1 Medical Ventilator Industry Synopsis, 2017–2023
Table 2 Global Medical Ventilator Market Estimates & Forecast, 2017–2023, (USD Million)
Table 3 Global Medical Ventilator Market, By Region, 2017–2023, (USD Million)
Table 4 Global Medical Ventilator Market, By Type, 2017–2023, (USD Million)
List of Figures
Figure 1 Research Process
Figure 2 Segmentation For Global Medical Ventilator Market
Figure 3 Segmentation Market Dynamics For Medical Ventilator Market
Figure 4 Global Medical Ventilator Market Share, By Type 2016
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