Market price

Global Industry Share, Size, Growth, Opportunity and Forecast – Company

According to the latest report of the IMARC group, entitled “Mechanical Ventilator Market Price Trends: Global industry share, size, growth, opportunity and forecast 2021-2026,“The global mechanical ventilator market showed strong growth during the period 2015-2020. the global mechanical ventilator market is currently experiencing strong growth. A mechanical ventilator is a form of life support system that helps patients unable to breathe on their own due to serious illness or during surgery. This machine consists of a hollow tube that is inserted into the patient’s mouth and into the airway. It ensures the availability of adequate oxygen in the body until the health condition of the individual improves. These devices are primarily used in intensive care units (ICU), neonatal care centers and ambulances to relieve respiratory distress and initiate lung healing. These ventilators are widely used in the treatment of hypoxemia, apnea, acute lung injury and chronic obstructive pulmonary disease (COPD).

We regularly monitor the direct effect of COVID-19[female[feminine in the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.

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Global Mechanical Ventilator Market Trends:

The global market is mainly driven by the increasing incidence of chronic respiratory disorders. This can be attributed to the growing geriatric population, increasing levels of pollution, and the growing number of smokers around the world. The rapid outbreak of the novel coronavirus disease (COVID-19) has also created an increasing demand for mechanical ventilators globally. A sudden spike in COVID-19 cases has dramatically increased the number of critical patients who require life-sustaining intensive care. Since the virus is known to damage the lungs in severe active cases, causing the body’s oxygen levels to drop further, making it difficult to breathe, ventilators are widely used to alleviate critical conditions and restore regulated breathing. Apart from this, the growing demand for these devices as a result of the pandemic has led several non-medical companies to collaborate with ventilator manufacturers to meet the ever-increasing demand. Additionally, product innovations and extensive research and development (R&D) have led to the introduction of portable, non-invasive mechanical ventilators with enhanced functionality, which is another major growth driver. Manufacturers are also integrating high-speed signal processing systems into these devices to achieve increased efficiency with improved user interface. Some of the other factors contributing to the growth of the market include increasing adoption of home-based therapeutics and favorable initiatives taken by several governments to improve the healthcare infrastructure. Looking ahead, IMARC Group expects the market to grow at a CAGR of 7.3% during the period 2021-2026.

Market Summary:

  • On the basis of product type, the market has been divided into intensive care, portable/ambulatory and other types of ventilators.
  • Based on the interface, the market has been divided into invasive and non-invasive ventilation.
  • Based on age group, the market has been categorized into pediatric, adult, and geriatric.
  • On the basis of ventilation mode, the market has been segmented into combination ventilation modes, volume, pressure and others.
  • Based on end-use, the market has been categorized into hospitals and clinics, home care, outpatient care centers, and others.
  • Geographically, the market has been segregated into North America (US and Canada), Europe (Germany, France, UK, Italy, Spain, Russia and others), Asia-Pacific (China, Japan, India , Korea, Australia, Indonesia and others), Latin America (Brazil, Mexico and others), Middle East and Africa.
  • The competitive landscape of the market has been analyzed in the report with detailed profiles of key players. Some of these players include Allied Healthcare Products, Inc., AIR LIQUIDE SA, Asahi Kasei Group, GE Healthcare, Hamilton Medical AG, Getinge AB, Medtronic, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Philips Electronics Nederland BV, ResMed Corp., Smiths Group Plc and Vyaire Medical Inc.

Competitive Landscape:

  • Paramedical products
  • Air Liquide, Asahi Kasei
  • GE Healthcare Company
  • Hamilton Medical AG
  • Maquet GmbH & Co. KG (Gatenge)
  • Medtronic AG
  • Mindray Medical International Ltd.
  • Philips Health
  • ResMed
  • Smiths Plc Group
  • Vyaire Medical Inc., etc.

Breakdown by product type:

  • Intensive care ventilators
  • Portable/ambulatory ventilators
  • Others

Breakdown by interface:

  • Invasive ventilation
  • Non-invasive ventilation

Breakdown by age group:

  • Pediatric
  • Adult
  • Geriatric

Breakdown by ventilation mode:

  • Combined ventilation mode
  • Vent volume mode
  • Ventilation pressure mode
  • Alternate mode of ventilation

Breakdown by end use:

  • Hospitals and Clinics
  • Home Care
  • Ambulatory care centers
  • Others

Breakdown by region:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • Middle East and Africa

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Main highlights of the report:

  • Market Performance (2015-2020)
  • Market Outlook (2021-2026)
  • Market trends
  • Market drivers and success factors
  • The impact of COVID-19 on the global market
  • Value chain analysis
  • Structure of the global market
  • Complete mapping of the competitive landscape

If you need specific information that is not currently covered in the report, we will provide it to you as part of the customization.

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