2020-2027 Analysis and Review Medical Mechanical Ventilators Market

Medical Mechanical Ventilators Market

Medical Mechanical Ventilators Market By Product (Critical Care, Neonatal and Others), By End Users (Hospital & Clinics, Ambulatory Surgical Centers and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 – 2027

26-05-2020 REP-HC-5097 40 Tables 120 pages Format

The medical mechanical ventilators market was valued at USD 1,893.0 Mn by 2019. Rising prevalence of chronic lung disease worldwide and proactive government initiatives to provide mechanical ventilators to primary healthcare centers together determine the medical mechanical ventilators market growth.

Medical Mechanical Ventilators Market

Mechanical ventilation is also called assisted ventilation which is useful in restoring breathing in patients suffering from various lung complications. The 2 types of mechanical ventilation are positive pressure ventilation which pushes the air into the lungs and the other is negative pressure ventilation which stimulates the movement of lungs to suck the air inside. It is useful in providing an adequate amount of oxygen o the lungs and promotes the removal of carbon dioxide respectively. In the current pandemic situation of COVID-19, there has been tremendous demand for mechanical ventilators throughout the globe for saving patient's life facing difficulty in breathing due to corona infection which affects the respiratory system.

The major segments related to the medical mechanical ventilators market are:

By Product (2017–2027; US$ Mn)

Critical Care

Neonatal

Others

By End Users (2017–2027; US$ Mn)

Hospital & Clinics

Ambulatory Surgical Centers

Others

Geography Segment (2017–2027; US$ Mn)

North America

U.S.
Canada

Europe

United Kingdom
Germany
Russia
France
Italy
Spain
Ukraine
Rest of Europe

Asia Pacific

China
Japan
Rest of Asia Pacific

Latin America (LATAM)

Brazil
Mexico
Rest of Latin America

Middle East and Africa (MEA)

GCC
Rest of MEA 

Justification for study?

  • The intention of the study is to give a comprehensive outlook of the global medical mechanical ventilators market
  • The overall segmentation of the medical mechanical ventilators market, by product, end-users and geography are minutely studied. Intensive care and hospital & clinics are dominating the product and end-user segments respectively
  • Rising prevalence of pulmonary complications worldwide
  • Huge funds invested by the government healthcare agencies for refurbishing the intensive and neonatal care units across the globe

Report gist?

  • The study of the global medical mechanical ventilators market includes qualitative analysis of factors such as drivers, restraints, and opportunities
  • The report covers a qualitative and quantitative analysis of the overall market segmented on the basis of product and end-users and categorization of the same at the geography level
  • This research report presents the analysis of each segment from 2017 to 2027 in which 2019 is considered as the base year. The compounded annual growth rate is calculated for the respective segments from 2020 to 2027

The study includes the profiles of major market players with a significant global and regional presence along with top company positioning. 

Significant customers?

  • This study is suitable for industry participants and stakeholders in the medical device manufacturers actively engaged in the production and marketing of medical mechanical ventilator on account of the rising prevalence of chronic lung diseases worldwide
  • The report will benefit hospital administrators engaged in the purchase and installation of medical mechanical ventilators in hospital and clinics
  • Managers with financial institutions looking to publish recent and forecasted statistics pertaining to medical mechanical ventilators market
  • Financial institutions, venture capitalist, analysts, investors, government organizations, policymakers, regulatory authorities, researchers, looking for insights into the market to determine future strategies 

Segment Analysis

Intensive care are representing the largest market share in the product segment for the mechanical ventilators market. A significant rise in the number of surgical procedures performed as the only treatment option for chronic diseases drives the intensive care mechanical ventilators market growth. An increasing trend of point of care institutions for providing affordable medical assistance to ailing patients will further bolster its market growth. Neonatal mechanical ventilators will register market growth at a rapid pace owing to the rising prevalence of respiratory syncytial virus (RSV) infection and low body weight neonates born worldwide.

Hospitals & clinics are a supreme leader in the end-user segment for the medical mechanical ventilators market. A constant rise in the number of patients admitted in the intensive care unit on the support of mechanical ventilators to treat various pulmonary complications determines the market growth. Additionally, proactive government initiatives to provide state of the art mechanical ventilators for neonatal care in the hospitals and clinics worldwide will further accentuate its market growth. Ambulatory surgical centers are expected to showcase impressive market growth in the near future primarily due to its ability to reduce the healthcare cost burden associated with government-sponsored hospitals and clinics throughout the globe.

North America is currently dominating the geography segment for the medical mechanical ventilators market. The rising prevalence of chronic lung disease primarily drives market growth in the region. According to the latest research citings presented by the American Lung Association (ALA), approximately 16 million Americans are suffering from chronic obstructive pulmonary disease. The presence of key players such as GE Healthcare, Koninklijke Philips N.V., Smiths Medical, etc. will further accentuate the market growth in the region. Europe is placed in the 2nd position in the regional segment on account of the huge funding provided by the government healthcare agencies for the purchase and installation of medical mechanical ventilators in the hospitals and clinics to provide medical assistance to ailing patients in the region. The Asia Pacific is anticipated to be the fastest-growing regional segment during the forecast period on account of the constant rise in the medical tourism industry and lucrative market opportunity for western giants to establish subsidiaries and retail outlets.

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