Growing geriatric population coupled with outbreak of COVID-19 is driving demand for mechanical ventilators in hospitals and ambulatory surgical centres
According to TechSci Research report, “Global Mechanical Ventilators Market By Mobility, By Interface, By Type, By Mode, By End Use, By Region, Competition, Forecast & Opportunities, 2025”, the global mechanical ventilators market is projected to grow from $ 1.37 billion in 2019 to $ 3.98 billion by 2025. Rapidly rising cases of respiratory emergencies as well as growing coronavirus pandemic are the major factors boosting the growth of global mechanical ventilators market. Moreover, the global geriatric population is increasing at an alarming rate, which is further expected to boost growth of the global mechanical ventilators market through the forecast period. In addition to this, new advanced techniques are being developed in terms of respiratory care devices, which in turn is expected to positively influence the growth of global mechanical ventilators market in the years to come. Also, rising demand for portable / transportable ventilators due to their various benefits such as cost-effectiveness, patient-friendliness and high portability is making headway for the growth of global mechanical ventilators market. An rising number of initiatives by various governments to encourage and allow other players such as car manufacturing companies to produce ventilators as much as possible due to dire shortage of these life-saving units in hospitals is expected to have a huge positive impact on the market across the globe.
Browse 120 market data Figures spread through 110 Pages and an in-depth TOC on“Global Mechanical Ventilators Market”
Global mechanical ventilators market can be segmented based on mobility, interface, type, mode, end-use and region. Considering the mobility, the market is bifurcated into intensive/critical care ventilators and portable/transportable ventilators. The intensive / critical care ventilators segment dominated the global mechanical ventilators market until 2019 and is further anticipated to maintain its dominance during the forecast period as well. In addition, the demand for portable ventilators segment is anticipated to grow at a robust pace owing to certain advantages they offer such as user-friendliness and low cost. Additionally, the effectiveness and variety of applications in numerous care delivery settings ranging from home care to ambulatory centers is further anticipated to aid the growth of portable ventilators segment until 2025. On based on type, the market is segmented into adult / pediatric and infant / neonatal type, of which adult / pediatric segment dominates the market and is anticipated to maintain its dominance over the next five years.
Becton, Dickinson and Company, Acoma Medical Industry Co. Ltd., Medtronic PLC, Draeger Medical GmbH, GE Healthcare, Macquet GmbH & Co. KG, Philips Respironics Inc., ResMed Inc., Smiths Medical, Teleflex Inc., Carl Reiner Gmbh, Hamilton Medical AG, Getinge AB, Mindray Medical International Limited, Koninklijke Philips N.V., ZOLL Medical Corporation, Allied Healthcare Products, Inc., Schiller Healthcare India Pvt. Ltd., Fisher & Paykel Healthcare Limited are among the leading players operating in global mechanical ventilators market.
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“Europe is forecast to dominate the global mechanical ventilators market over the course of next five years on account of presence of major market players in the region. Moreover, high prevalence of smoking coupled with rising expenditure in healthcare system is also contributing to the growing trend of the region’s mechanical ventilator market. In addition, due to severe coronavirus outbreak across various major countries of the region, ventilator manufacturers in Europe have doubled their production to cope up with the rising demand.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Mechanical Ventilators Market By Mobility, By Interface, By Type, By Mode, By End Use, By Region, Competition, Forecast & Opportunities, 2025” has evaluated the future growth potential of global mechanical ventilators market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global mechanical ventilators market.
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