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 sheds light on the mergers and acquisitions, collaborations, joint ventures, brand promotions and product launches, agreements and partnerships, and corporate and government deals. The comprehensive analysis of the competitive landscape offers the readers a deeper understanding about the competitors.
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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.
How will this Report Benefit you?
A 250-page report from Emergen Research includes 194 tables and 189 charts and graphics. Anyone in need of commercial, in-depth assessments for the global Mechanical Ventilator market, as well as comprehensive market segment analysis, can benefit from our new study. You can assess the whole regional and global market for Mechanical Ventilator with the aid of our recent study. To increase market share, obtain financial analysis of the whole market and its various segments. We think there are significant prospects in this industry for rapidly expanding energy storage technology. Look at how you may utilise the current and potential revenue-generating prospects in this sector. The research will also assist you in making better strategic decisions, enabling you to build growth strategies, strengthen competitor analysis, and increase business productivity.
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