Loading...
Cart
0

Mechanical Ventilator Market Expected to Reach $3,819 Million by 2025

 
 

quote The ever-increasing demand for portable ventilators has supplemented the need for transport ventilators across the globe, which further propelled the growth of the mechanical ventilator market. Moreover, increase in chronic respiratory disease and rise in geriatric population fuel the adoption of mechanical ventilators in hospitals and ambulatory surgical centers. quote

Onkar Sumant
Manager, Healthcare at AMR

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a new report published by Allied Market Research, titled, Mechanical Ventilator Market by Product Type, Component, Mode, Age Group, and End User: Global Opportunity Analysis and Industry Forecast, 2017-2025, the global mechanical ventilator market was valued at $2,242 million in 2017, and is projected to reach $3,819 million by 2025, growing at a CAGR of 6.8% from 2018 to 2025. The intensive care unit segment accounted for more than half of the total market share in 2017.

A mechanical ventilator is a machine designed to facilitate breathable air into and out of the lungs, to provide breathing for a patient who is physically unable to breathe or is breathing insufficiently. It comprises a control system, flexible breathing circuit, monitors, and alarms. It is one of the most common medical devices deployed in intensive care units of hospitals. The expanding geriatric population who is prone to respiratory disorders significantly drives the growth of the mechanical ventilator market.

In addition, escalating government expenditures in healthcare that promote adoption of mechanical ventilators in the developing countries, such as China and India, propel the market growth. The swelling number of intensive care units was observed in China in 2016, which led the government to continue to be a large buyer. Such circumstances positively affect the market growth.

The intensive care unit segment generated the maximum revenue and is expected to maintain this trend in terms of both value and volume during the forecast period, owing to rise in ICU bed admissions and high demand of advanced & customizable mechanical ventilators based on specific need of ventilation.

Based on mode, the market is divided into non-invasive ventilation and invasive ventilation. The non-invasive ventilation segment is expected to grow at the highest rate from 2018 to 2025, attributed to the fact that noninvasive ventilation (NIV) is associated with a lower risk of mortality as compared to invasive mechanical ventilation (IMV).

The Asia-Pacific region is expected to witness the highest growth rate throughout the forecast period, owing to its high population base, high ICU bed admissions, and enhanced government expenditure on healthcare. In addition, heightened incidence of chronic obstructive pulmonary disease (COPD) in the Asia-Pacific region is the key contributor for the market growth in the region.

Key Findings of the Mechanical Ventilator Market:

  • The transport/portable/ambulatory segment is expected to register the highest CAGR of 7.2% (in terms of volume) from 2018 to 2025.
  • The ambulatory surgical center segment is expected to grow at a significant CAGR of 8.5% (in terms of value) from 2018 to 2025.
  • U.S. generated the highest revenue in the global mechanical ventilators market in 2017 accounting for more than four-fifth of the global market in 2017.
  • The adult segment dominated the age group category of the mechanical ventilator market in 2017 and is expected to maintain this trend during the forecast period.

The major companies profiled in this report include Becton, Dickinson and Company (CareFusion/Vyaire Medical, Inc.), Carl Reiner Gmbh, Draegerwerk AG & Co. KGaA, Getinge AB (Maquet Holding B.V. & Co. KG), General Electric Company (GE Healthcare), Hamilton Medical AG, Koninklijke Philips N.V., Medtronic, Plc. (Covidien Ltd.), Mindray Medical International Limited, and Smiths Group, Plc. The other players in the value chain include Tecme SA, ResMed Corp., Fisher & Paykel Healthcare Limited, Air Liquide Medical Systems, ZOLL Medical Corporation, Allied Healthcare Products, Inc., and Schiller Healthcare India Pvt. Ltd.

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Abhinav Rautela
Communications Officer
Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
mediacommunications@alliedanalytics.com

 
 

First time buyer?
Check offers and discount on this report
To get this report

 
Click Here
 
 

quote Mechanical Ventilator Market by Product Type (Intensive Care Unit/Critical Care, Transport/Portable/Ambulatory, and Neonatal Care), Component (Devices and Services), Mode (Non-invasive Ventilation and Invasive Ventilation), Age Group (Pediatric, Adult, and Geriatric), and End User (Hospital and Clinic, Home Care, Ambulatory Surgical Center, and Others) - Global Opportunity Analysis and Industry Forecast, 2018-2025 quote

View Report
 
 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

Targeted Market View

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
 

Get Fresh content delivered

Get insights on topics that matter to your business. Stay updated on the area that interests you.

 
Get Industry Data Alerts
 

Buy Full Version
"Mechanical Ventilator Market"
Purchase Enquiry