The global mechanical ventilators market size is expected to
reach USD 7.13 billion by 2026 registering a CAGR of 6.6%, according to a new
report by Grand View Research Inc. Growing geriatric population and
technological innovation in respiratory care devices are the major factors
driving the market. Moreover, increasing incidence of Chronic Obstructive Pulmonary
Disease (COPD) and respiratory emergencies is contributing to the market
expansion. On the other hand, budgetary constraints faced by the ventilator
manufacturers and healthcare may impede this growth.
However, innovations in the field of Positive
Airway Pressure (PAP) devices and improvement in battery life of transport and
portable devices are projected to have a positive impact on the mechanical
ventilators market growth. According to the estimates by the WHO, currently,
approximately 90% of COPD deaths occur in low- and middle-income countries.
Therefore, rise in prevalence of such diseases along with the introduction and
availability of portable, cost-effective, and easy-to-use products for the
treatment of respiratory conditions is expected to drive the market in the
years to come.
Browse full research report on Mechanical
Ventilators Market:
https://www.grandviewresearch.com/industry-analysis/mechanical-ventilators-market
Further key
findings from the study suggest:
- Critical care ventilators are expected to
account for over 39% of the overall market share by 2026 owing to the
technological advancements, such as Spontaneous Breathing Trial (SBT) and
AutoTrak
- Transport and portable product segment is
expected to record the highest CAGR of 7.24% during the forecast years.
These devices are widely used in hospitals as they provide faster and
continuous care to patients even prior to their arrival in the hospital premises
- North America is the dominant regional market,
in terms of revenue, owing to growing geriatric population, which is
leading to a corresponding rise in the incidences of respiratory disorders
- Asia Pacific and Latin America are expected to
witness lucrative growth over the forecast period due to the presence of
untapped opportunities, rising expenditure levels, and favorable
government initiatives
- Some of the key companies in the market
include Draeger Medical, GE Healthcare, Koninklijke Philips N.V.,
Teleflex, and Smiths Medical
- These companies focus on product development
to improve their global presence and ensure sustainability
Browse request sample of this report by
Grand View Research:
https://www.grandviewresearch.com/industry-analysis/mechanical-ventilators-market/request/rs1
Grand
View Research has segmented the global mechanical ventilators market on the
basis of product and region:
Mechanical
Ventilators Product Outlook (Revenue, USD Million, 2015 - 2026)
- Critical Care
- Ventilators
- Accessories
- Neonatal
- Ventilators
- Accessories
- Transport &
Portable
- Ventilators
- Accessories
- Others
Mechanical
Ventilators Regional Outlook (Revenue, USD Million, 2015 - 2026)
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- Spain
- Italy
- Asia Pacific
- China
- Japan
- India
- Thailand
- South Korea
- Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
About Grand View Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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