Mechanical Ventilators are the devices that help patients breathe by assisting the inhalation of oxygen into the lungs and the exhalation of carbon dioxide. Based on the patient’s condition, mechanical ventilation can help support or completely control breathing. It is used in various treatments such as acute lung injury and hypoxemia and chronic obstructive pulmonary disease (COPD).
Global Mechanical Ventilators market was valued at US $ XX Mn and expected to grow at 5.95% Compound Annual Growth Rate (CAGR) over 2017 to 2024.
Growing incidence of the chronic diseases such as asthma, bronchitis, and chronic obstructive pulmonary disease (COPD) are majorly driving the growth of the mechanical ventilators market. The technological advancements are adding fuel for the growth of the market. Increasing number of accidental emergencies which leads the requirement of the mechanical ventilators is enhancing the growth of the mechanical ventilators market. As per National Center for Health Statistics, the number of emergency department visits for unintentional injuries are 30.8 million.
The growing geriatric population with growing respiratory emergencies is another factor anticipating the growth of the market. According to the CDC report, the incidence and severity of these lung diseases were similar for men and women, but prevalence increased with age. For example, 17 percent of people 60 to 79 had COPD or asthma compared with about 14 percent of those 40 to 59. However, factors such as high cost of the mechanical ventilators is hampering the growth of the market. The complications associated with the use of the mechanical ventilators is hindering the growth of the mechanical ventilators market.
Mechanical ventilators market is segmented based on the product type, technology, interface, mode of ventilation, and distribution channel
Based on the product type, the market is segmented into the following:
- Portable Ventilators
- Stationary Ventilators
Based on the technology, the market is segmented into the following:
- Mechanical Ventilators
- Automatic Ventilators
Based on the interface, the market is segmented into the following:
- Invasive Ventilators
- Non-Invasive Ventilators
Based on the mode, the market is segmented into the following:
- Volume Mode Ventilation
- Pressure Mode Ventilation
- Combined Mode Ventilation
Based on the end user, the market is segmented into the following:
- Ambulatory Care Centers
Geographically, global Mechanical Ventilators market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America Mechanical Ventilators market is growing due to increase in the prevalence of respiratory disorders such as COPD (according to Centers for Disease Control and Prevention 2014, approximately 15.7 Mn Americans were diagnosed with COPD). According to the CDC, in 2015, an estimated 18.4 million U.S. adults had current asthma, and 3,396 adult asthma deaths were reported. An estimated 11%–21% of asthma deaths might be attributable to occupational exposures. Europe and the Asia Pacific follow the North America market. The Asia Pacific mechanical is expected to grow over the forecasted period owing to the presence of the emerging economies and their keen on the development of the healthcare infrastructure.
- Dräger Medical GmbH (Germany)
- Covidien PLC (Ireland)
- GE Healthcare Ltd. (UK)
- Philips Respironics, Inc. (U.S)
- Maquet GmbH & Co. KG. (Germany)
- Acoma Medical Industry Co., Ltd. (Japan)
- Bunnell, Inc. (U.S)
- Bio-Medical Devices International, Inc. (U.S)
- In August 2017, Ventinova has launched revolutionary mechanical ventilator Evone®