According to a new market research report published by Global Insight Services “Mechanical Ventilator Market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
A mechanical ventilator is a machine that helps a person breathe. When a person can’t breathe on their own, the ventilator takes over the job of breathing for them. The ventilator pumps air into the person’s lungs and then sucks the air back out.
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Key Trends
One of the key trends in mechanical ventilator technology is the development of smaller and more portable devices. This is in response to the need for patients to be able to receive treatment in a variety of settings, including at home. Another trend is the development of more sophisticated controls that allow for more precise delivery of therapy. Additionally, there is a trend toward the development of ventilators that can be used with a variety of patient populations, including those with chronic lung diseases.
Key Drivers
The rising prevalence of respiratory diseases and the growing number of intensive care unit admissions are the key drivers of the mechanical ventilator market. The increasing number of surgical procedures, the growing geriatric population, and the rising number of trauma cases are also expected to contribute to market growth.
The high cost of mechanical ventilators and the lack of trained personnel are the major factors restraining market growth. In addition, the risk of ventilator-associated pneumonia and other complications associated with the use of mechanical ventilators is expected to limit the market growth.
Market Segments
The global Mechanical Ventilator Market is segmented based on segmented into product type, components, mode and region. By product type, the market is categorized into intensive care unit/critical care, transport/portable/ambulatory, and neonatal care. On the basis of component, it is divided into device and services. Depending on mode, it is categorized into noninvasive ventilation and invasive ventilation. Region-wise, it is studied across North America, Europe, Asia-Pacific, and rest of the World.
Key Companies
The Mechanical Ventilator Market includes players such as Getinge AB, Medtronic, Vyaire Medical Inc., Drägerwerk AG & Co. KGaA, Koninklijke Philips N.V., Hamilton Medical, GE Healthcare, Smiths Medical, ZOLL Medical Corporation, and Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
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