The Global Market for Mechanical Ventilators is Projected to Reach US$6 Billion by 2022

Rise in Chronic Respiratory Diseases & Technological Innovations to Drive the Mechanical Ventilators Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Mechanical Ventilators market. The global market for Mechanical Ventilators is projected to reach US$6 billion by 2022, bolstered by the aging population, rise in chronic respiratory diseases, and technological advancements.

The global market for mechanical ventilators is projected to register healthy growth, largely backed by the rising incidence of chronic respiratory diseases such as Chronic Obstructive Pulmonary Disease (COPD) in both developed and developing economies. The growth in the market is also aided by aging population and technological advancements focused on improving synchrony between the patient and ventilator; reducing the risk of lung injuries caused due to high inspiratory pressure; reducing alarm fatigue; and structural design improvements. Development of portable ventilators represents a major market driver. A gradual shift towards homecare ventilation is witnessed with the introduction of novel, advanced, and easy-to-use ventilators that are portable and lightweight. Portable ventilators also assist in streamlining healthcare costs associated with ventilation in hospitals.

Given the high risk of hospital-acquired infections and the high costs involved in offering ventilation support and related services in hospital settings, patients are being encouraged to recuperate in home settings thus benefiting demand for portable mechanical ventilators. Technological advancements have also led to the introduction of non-invasive ventilators that do not require tracheal intubation. Instead, breathing is aided through the use of a mask or mouthpiece. Non-invasive ventilators are mainly used for newborn infants, as well as for critically ill patients affected from respiratory failure and congestive cardiac failure. Growth of the market is expected to be driven by the increasing number of patients affected from heart failure and other critical diseases.

As stated by the new market research report on Mechanical Ventilators, the United States represents the single largest market worldwide. Asia-Pacific ranks as the fastest growing market, led by huge population; high unmet medical needs; improving access to healthcare; developing healthcare infrastructure & expanding network of hospitals; spiraling levels of atmospheric pollution and a proportional increase in the risk of chronic respiratory disorders in countries such as India and China. High neonatal mortality in Central Asia and the growing number of intensive care units and neonatal intensive care units in hospitals are helping spur demand for neonatal ventilators in the region. Critical care mechanical ventilators represent the largest segment, supported by increased hospital admissions of the elderly. Portable and transport mechanical ventilators represents the fastest growing market segment with sales estimated to grow at a compounded annual growth rate of 7.5% over the analysis period.

Major players covered in the report include CareFusion Corp.  A BD Company, Medtronic Plc., Dräger Medical Inc., Fisher & Paykel Healthcare Corp. Ltd., GE Healthcare, Breas Medical AB, Hamilton Medical AG, MAQUET GmbH & Co. KG, Philips Respironics Inc., ResMed, and Smiths Medical among others.

The research report titled “Mechanical Ventilators: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies.  The report provides market estimates and projections for all major geographic markets, such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), The Middle East & Africa, Latin America (Brazil, and Rest of Latin America). Key segments analyzed include Critical Care, Neonatal, and Portable & Transport Ventilators.

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