Mechanical Ventilators Market

Market Analysis:

The global mechanical ventilators market forecast will be $11.54 billion by 2026, increasing from $2.95 billion in 2018 at a healthy CAGR of 15.9%. North America market share is growing at a CAGR of 9.2% by generating revenue of $7.64 billion by 2026. Asia-Pacific regional growth is expecting $2.74 billion by 2026.

Mechanical ventilators are devices which assist manage breathing problems in patients, by providing high concentrations of oxygen to lungs. Patient is connected to a mechanical ventilator by an endotracheal tube directly infused to the airway or NIV (Non-invasive ventilation) mask. It is also used as a diagnostic tool to measure static compliance of airway resistance and inconsistent functioning of respiratory system. 

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Market Drivers:

Rising prevalence of respiratory diseases and increasing government expenditure on healthcare

Surging incidence of respiratory diseases such as chronic obstructive pulmonary disease (COPD), Asthma, Pneumonia and rising elderly population in which they have huge risk of respiratory disorder are few factors propelling the growth of Mechanical Ventilators market. Moreover, the rising technological developments of ventilation system and increasing government funding on healthcare are few other factors accelerating the growth of the market. Further, the increase in ICU beds is contributing to the growth of Mechanical Ventilators Market. 

Market Restraints:

Surging risk associated with the usage of ventilator such as increase in prevalence of ventilator-associated pneumonia (VAP) is majorly impeding the growth of the market. Moreover, rising health risk and high cost of mechanical ventilators are further impeding its market growth 

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The Global Mechanical Ventilators Market has been segmented as below:

By Product

  • Intensive Care Ventilators

  •  Portable Ventilators

 By Interface

  • Invasive Ventilation

  • Non-invasive Ventilation

By Ventilators Type

  • Neonatal Ventilators

By Application

  • Resuscitation

  • Homecare Applications

  • Emergency/Transport

  • Sleep Apnea Therapy

  • Anaesthesiology

  • Clinical Applications

  • Others

By Mode

  • Combined Mode Ventilation

  •  Control Mode Ventilation

  • Pressure Mode Ventilator

By End User

  • Hospital and clinic

  • Home care

  • Ambulatory surgical center

  • Others

By Region

  • Europe

  • North America

  • Asia Pacific

  • Rest of The World

By Company

  • Maquet Getting Group

  • Mindray

  • Vyaire Medical

  • Philips Healthcare

  • Carl Reiner GmbH

  • Getinge Group

  • Drägerwerk AG and Co. KGaA

  • General Electric Company

  • Hamilton Medical

  • Nihon Kohden

  • Smiths Medical

  • Medtronic

  • ResMed

  • Schiller