From $4.65 Billion to $18.63 Billion: The Booming Future of Mechanical Ventilators by 2030
Allied Market Research has recently published its latest research study titled ‘Global Mechanical Ventilator Market Outlook and Forecast 2021-2030.’ This comprehensive report conducts a thorough analysis of market risks, identifies promising opportunities, and offers valuable insights to support strategic and tactical decision-making from 2021 to 2030. The study divides the market into key regions that are driving its growth.
Within the report, you’ll find information on market research and development, factors contributing to growth, and the evolving investment landscape of the Global Mechanical Ventilator Market . Notable players featured in the study include GENERAL ELECTRIC COMPANY (GE HEALTHCARE), MINDRAY MEDICAL INTERNATIONAL LIMITED, VYAIRE MEDICAL INC., HAMILTON MEDICAL AG, MEDTRONIC PLC.,
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Mechanical Ventilator Market Statistics: The global mechanical ventilator market size was valued at $ 4,652.34 million in 2020, and is estimated to reach $ 18,632.21 million by 2030 at a CAGR of 12.82% from 2021 to 2030
Mechanical Ventilator Market Growth Drivers:
- Increasing Prevalence of Respiratory Diseases: The rising incidence of chronic respiratory diseases such as chronic obstructive pulmonary disease (COPD), asthma, and pneumonia is a major driver for the mechanical ventilator market. The World Health Organization (WHO) has reported a substantial global burden of respiratory diseases, necessitating the use of ventilators in both acute and chronic settings.
- Growing Geriatric Population: An aging global population is more susceptible to respiratory illnesses and other health conditions that may require ventilatory support. As the elderly population increases, the demand for mechanical ventilators is expected to rise correspondingly.
- Advancements in Ventilator Technology: Innovations in mechanical ventilator technology, including the development of portable, non-invasive, and more efficient ventilators, are propelling market growth. These advancements improve patient outcomes, ease of use, and overall efficiency, making ventilators more accessible and reliable.
- COVID-19 Pandemic Impact: The COVID-19 pandemic has significantly boosted the demand for mechanical ventilators worldwide. The surge in severe respiratory cases has highlighted the critical need for ventilatory support, leading to increased production and adoption of mechanical ventilators in hospitals and healthcare facilities.
- Rising Healthcare Expenditure and Infrastructure Development: Increased investment in healthcare infrastructure, particularly in developing regions, is enhancing the capacity to provide advanced medical care, including ventilatory support. Government initiatives and funding aimed at improving healthcare services contribute to the growth of the mechanical ventilator market.
- Increase in Surgical Procedures: The rising number of surgical procedures, particularly those requiring anesthesia, is another growth driver. Mechanical ventilators are essential during surgery to maintain adequate ventilation and ensure patient safety, thus driving their demand in surgical settings.
- Improved Awareness and Diagnosis: Growing awareness about respiratory health and improvements in diagnostic techniques are leading to earlier detection of respiratory conditions. Early diagnosis often requires immediate ventilatory support, thereby increasing the demand for mechanical ventilators.
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The segments and sub-section of Mechanical Ventilator Markets shown below:
By Product Type:
- Intensive Care Unit/Critical Care
- Transport/Portable/Ambulatory
- Neonatal Care
By COMPONENT:
- Devices
- Services
By MODE:
- Noninvasive Ventilation
- Invasive Ventilation
By AGE GROUP:
- Pediatric & Neonatal
- Adult
- Geriatric
By END USER:
- Hospital & Clinic
- Home Care
- Ambulatory Surgical Center
- Others
Some of the key players involved in the Market are: GENERAL ELECTRIC COMPANY (GE HEALTHCARE), MINDRAY MEDICAL INTERNATIONAL LIMITED, VYAIRE MEDICAL INC., HAMILTON MEDICAL AG, MEDTRONIC PLC., CARL REINER GmbH, SMITHS GROUP PLC., GETINGE AB (MAQUET HOLDING B.V. & CO. KG), DRAEGERWERK AG & CO. KGaA, ASAHI KASEI CORPORATION (ZOLL MEDICAL CORPORATION), KONINKLIJKE PHILIPS N.V. (PHILIPS)
If opting for the Global version of Mechanical Ventilator Market; then below country analysis would be included:
– North America (USA, Canada and Mexico)
– Europe (Germany, France, the United Kingdom, Netherlands, Italy, Nordic Nations, Spain, Switzerland and Rest of Europe)
– Asia-Pacific (China, Japan, Australia, New Zealand, South Korea, India, Southeast Asia and Rest of APAC)
– South America (Brazil, Argentina, Chile, Colombia, Rest of countries etc.)
– Middle East and Africa (Saudi Arabia, United Arab Emirates, Israel, Egypt, Turkey, Nigeria, South Africa, Rest of MEA)
Key Questions Answered with this Study:
1) What makes Mechanical Ventilator Market feasible for long term investment?
2) How influencing factors influencing the demand of Mechanical Ventilator in the next few years?
3) Territory that may see steep rise in CAGR & Y-O-Y growth?
4) What geographic region would have better demand for products/services?
5) What opportunity emerging territory would offer to established and new entrants in Mechanical Ventilator Market?
6) What strategies of big players help them acquire share in mature market?
7) Know value chain areas where players can create value?
8) What is the impact analysis of various factors in the Global Mechanical Ventilator Market growth?
9) Risk side analysis connected with service providers?
Introduction about Mechanical Ventilator Market
Mechanical Ventilator Market Size (Sales) Market Share by Type (Product Category)
Mechanical Ventilator Market by Application/End Users
Mechanical Ventilator (Volume) and Market Share Comparison by Applications
Global Mechanical Ventilator and Growth Rate (2021-2030)
Mechanical Ventilator Competition by Players/Suppliers, Region, Type, and Application
Mechanical Ventilator (Volume, Value, and Sales Price) table defined for each geographic region defined.
Mechanical Ventilator Players/Suppliers Profiles and Sales Data
Key Raw Materials Analysis & Price Trends
Supply Chain, Sourcing Strategy and Downstream Buyers, Industrial Chain Analysis
……..and view more in complete table of Contents
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Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, LATAM, Europe, or Southeast Asia.
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