The global Mechanical Ventilators Market size is expected to
reach USD 7.13 billion by 2026 registering a CAGR of 6.6%, according to a new
report by Grand View Research Inc. Growing geriatric population and
technological innovation in respiratory care devices are the major factors
driving the market. Moreover, increasing incidence of Chronic Obstructive
Pulmonary Disease (COPD) and respiratory emergencies is contributing to the
market expansion. On the other hand, budgetary constraints faced by the
ventilator manufacturers and healthcare may impede this growth.
However, innovations in the field of Positive Airway Pressure (PAP)
devices and improvement in battery life of transport and portable devices are
projected to have a positive impact on the mechanical ventilators market
growth. According to the estimates by the WHO, currently, approximately 90% of
COPD deaths occur in low- and middle-income countries. Therefore, rise in
prevalence of such diseases along with the introduction and availability of
portable, cost-effective, and easy-to-use products for the treatment of
respiratory conditions is expected to drive the market in the years to come.
Browse Details of Report @
https://www.grandviewresearch.com/industry-analysis/mechanical-ventilators-market
https://www.grandviewresearch.com/industry-analysis/mechanical-ventilators-market
Further key findings from the study suggest:
- Critical
care ventilators are expected to account for over 39% of the overall
market share by 2026 owing to the technological advancements, such as
Spontaneous Breathing Trial (SBT) and AutoTrak
- Transport
and portable product segment is expected to record the highest CAGR of
7.24% during the forecast years. These devices are widely used in
hospitals as they provide faster and continuous care to patients even
prior to their arrival in the hospital premises
- North
America is the dominant regional market, in terms of revenue, owing to
growing geriatric population, which is leading to a corresponding rise in
the incidences of respiratory disorders
- Asia
Pacific and Latin America are expected to witness lucrative growth over
the forecast period due to the presence of untapped opportunities, rising
expenditure levels, and favorable government initiatives
- Some
of the key companies in the market include Draeger Medical, GE Healthcare,
Koninklijke Philips N.V., Teleflex, and Smiths Medical
- These
companies focus on product development to improve their global presence
and ensure sustainability
About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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