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Mechanical Ventilators Market will grow at 6.7% CAGR, to be valued at US$ 7,126. Mn by 2027 | Huge Growth Expected in Mechanical Ventilators in Future

September 27th, 2021 Coherent Market Insights Releases

Global Mechanical Ventilators Market Analysis

Overview

Mechanical ventilation is a therapy that assists a person in breathing when they are unable to do it on their own. Mechanical ventilators include acute care ventilators, neonatal intensive care ventilators, transportable ventilators, and transport ventilators.

Statistics

By the end of 2027, the global mechanical ventilators market is expected to be worth US$ 4,248.7 million.

Get Your FREE Sample Copy of the Mechanical Ventilators Market Report 2021

Drivers

During the forecast period, the global mechanical ventilators market is predicted to rise due to an increase in the incidence of respiratory illnesses. Chronic obstructive pulmonary disease is projected to afflict 4.5 million people worldwide each year by 2030, according to the Global Initiative for Chronic Obstruction Disease’s 2018 study.

Mechanical ventilator consumption is projected to rise as non-invasive ventilators become more widely used. Non-invasive ventilation employs a range of interfaces and has evolved over time as patient comfort and efficacy have improved. Non-invasive ventilation given through a nose or facemask has gained popularity as a treatment for both chronic and acute respiratory insufficiency. Non-invasive ventilators minimize the risk of lung damage, acute renal injury, pneumonia, the patient’s ability to talk and eat, the need for anesthesia, the length of hospital stay, and post-surgical problems.

Statistics

In terms of value, North America dominated the global mechanical ventilators market in 2019, contributing for 38.1 percent of the market, trailed by Europe and Asia Pacific.

View Press Release For More Information

Restraints

The global mechanical ventilators market is anticipated to be hampered by user engagement issues in non-invasive ventilation. Minimizing leakage between the mask and the patient’s skin, maximizing patient comfort, and guaranteeing patient compliance are some of the key problems faced by non-invasive ventilator manufacturers in spreading the acceptance of such devices in the market.

Furthermore, modest health-care institutions’ economic restrictions are projected to limit the use of mechanical ventilators. Rural and suburban hospitals deliver the greatest quality of treatment to their patients while also dealing with obstacles posed by their frequently remote geographic location, small size, limited personnel, and scarce resources. The low patient numbers at rural hospitals make it difficult for them to handle the substantial fixed expenses associated with running a hospital. As a result, they are more sensitive to policy and market changes, as well as Medicare and Medicaid payment reductions.

Market Taxonomy

  • According to the type of product: Transport & Portable Mechanical Ventilators, Neonatal Mechanical Ventilators, and Critical Care Mechanical Ventilators.
  • According to the end user: Specialty Clinics, Hospitals, and Ambulatory Surgical Centers.

Reasons to Purchase this Report

• Current and future of global Mechanical Ventilators market outlook in the developed and emerging markets
• The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
• Regions/countries that are expected to witness the fastest growth rates during the forecast period
• The latest developments, market shares, and strategies that are employed by the major market players

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Access insightful study with over 150+ pages, list of tables & figures, profiling 20+ companies.
We also offer 15% FREE Report customization.

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Opportunities

For competitors in the global mechanical ventilators market, R&D in mechanical ventilation is anticipated to provide significant growth opportunities. Researchers from the University of Antwerp in Belgium reported in October 2019 that a weakened anti-bacterial Th17 cytokine response in the lungs during mechanical ventilation is linked to the development of ventilator-associated pneumonia.

Furthermore, the release of software upgrades for ventilators is likely to help market expansion. Medtronic issued a software update for their Puritan Bennet 980 ventilators in December 2018, which the FDA classified as a Class I field activity.

Statistics

The global mechanical ventilators market was valued at US$ 4,248.7 million in 2019 and is expected to grow at a CAGR of 6.7 percent to US$ 7,126.0 million by 2027.

Market Trends

During the forecast period, the global mechanical ventilators market is projected to expand due to the growing incidence of sleep apnea. According to a study published in July 2019 titled ‘Approximation of the global prevalence and burden of obstructive sleep apnea: a literature-based analysis,’ 936 million individuals aged 30–69 years have slight to serious obstructive sleep apnea, and 425 million individuals aged 30–69 years have moderate to severe obstructive sleep apnea.

Exports of mechanical ventilators for the treatment of Covid-19 are driving the mechanical ventilators market in Asia Pacific. Turkey sent approximately 1,000 mechanical ventilators to the United States in May 2020, which are critical in the treatment of COVID-19.

Ask for PDF sample copy of the Mechanical Ventilators market report @ https://www.coherentmarketinsights.com/insight/request-pdf/1605

Competitive Landscape

Key companies contributing in the global mechanical ventilators market are Hamilton Medical AG, GE Healthcare, Getinge Group, Mindray Medical International Limited, Dickinson & Company, Becton, Maquet Medical Systems GmbH, Philips Respironics, Zoll Medical Corp., Draeger Medical GmbH, Smiths Medical, and Medtronic Plc.

Key Developments

In response to the COVID-19 epidemic, key market participants are focusing on boosting mechanical ventilator manufacturing. In response to the COVID-19 epidemic, Zoll Medical Corp. stated in March 2020 that it will expand its production capabilities to 10,000 ventilators each month.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By End User
      • Market Snippet, By Country
      • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Key Highlights
    • Product launch
    • PEST Analysis
    • Technological Advancements
    • Regulatory Scenario
    • Mergers and Acquisitions
  4. Global Mechanical Ventilators Market, By Product Type, 2019 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2020 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Critical Care Mechanical Ventilators
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Neonatal Mechanical Ventilators
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Transport and Portable Mechanical Ventilators
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  5. Global Mechanical Ventilators Market, By Product Type, 2019 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2020 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Hospitals
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Ambulatory Surgical Centers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Specialty Clinics
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  6. Global Mechanical Ventilators Market, By Region, 2019 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, By Region, 2020 and 2027 (%)
      • Y-o-Y Growth Analysis, For Regions, 2017–2026
    • North America
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • U.S.
        • Canada
    • Latin America
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • Germany
        • U.K.
        • France
        • Spain
        • Italy
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • China
        • Japan
        • India
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • GCC Countries
        • Israel
        • Rest of Middle East
    • Africa
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • North Africa
        • Central Africa
        • South Africa
  7. Competitive Landscape
    • Company Profiles
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

Other Exclusive Reports:

Medical Micro-electro Mechanical Systems (MEMS) Market

Thrombectomy Devices Market

Cardiac Prosthetic Devices Market

About Us:

Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients to achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having an office at global financial capital in the U.S. and sales consultants in the United Kingdom and Japan. Our client base includes players from across various business verticals in over 150 countries worldwide. We pride ourselves in catering to clients across the length and width of the horizon, from Fortune 500 enlisted companies to not-for-profit organizations, and startups looking to establish a foothold in the market. We excel in offering unmatched actionable market intelligence across various industry verticals, including chemicals and materials, healthcare, and food & beverages, consumer goods, packaging, semiconductors, software and services, Telecom, and Automotive. We offer syndicated market intelligence reports, customized research solutions, and consulting services.

To know more about us, please visit our website – www.coherentmarketinsights.com

Contact:

Coherent Market Insights
1001 4th Ave, #3200 Seattle, WA 98154, U.S.
Email: sales@coherentmarketinsights.com
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027
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