According to MRFR analysis, Global Mechanical Ventilators Market is expected to register a CAGR of 4.3% during the forecast period of 2020 to 2027 and accounted for USD 2,546 Million in 2019.
Mechanical ventilators are machines that assist in managing the breathing problems of the patients by delivering high concentrations of oxygen into the lungs.
The growth of the global mechanical ventilators market trends is determined by numerous factors such as an increasing geriatric population, technological advancements, and a rise in the incidence of respiratory emergencies.
However, the high cost associated with the mechanical ventilators and product recalls is likely to hamper the growth of the global mechanical ventilators market during the forecast period.
Regional Analysis
The market has been divided, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa.
The Americas has been segmented into North America and Latin America, with the North American market being divided into the US and Canada. The Americas are projected to hold the largest market share owing to the increasing number of older populations, increasing covid-19 cases, and the growing presence of major market players.
The European mechanical ventilators market trends has been categorized as Western Europe and Eastern Europe. The Western European market has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe. The mechanical ventilators market trends in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. Due to the rising geriatric population and the strategic developments by major players boosts the demand for mechanical ventilators in this region. The mechanical ventilators market trends in the Middle East & Africa has been divided into the Middle East and Africa.
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Segmentation
Global Mechanical Ventilators Market has been segmented based on Product Type, Mode, Age Group, and End User.
The market based on product type has been divided into intensive care unit/critical care, transport/portable/ambulatory, and neonatal care. Based on mode, the market is segmented into non-invasive ventilation and invasive ventilation.
Based on age group, the market is segmented into pediatric and adult. The end user segment of the market consists of hospitals and clinics, home care, and ambulatory surgical center.
Key Players
Some of the key players in the global mechanical ventilators market are Getinge AB (Sweden), Becton, Dickinson, and Company (BD) (US), Medtronic (Ireland), Draeger Medical GmbH (Germany), GE Healthcare (US), Macquet Gmbh & Co. KG (Germany), Koninklijke Philips N.V. (Netherlands), Smith’s Medical (US), Hamilton Medical (Switzerland), ACOMA Medical Industry Co., Ltd (Japan) among others.
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