Market Highlights
Mechanical ventilators are machines that assist in managing the breathing problems of the patients by delivering high concentrations of oxygen into the lungs.
The growth of the global mechanical ventilators market is determined by numerous factors such as an increasing geriatric population, technological advancements, and a rise in the incidence of respiratory emergencies.
According to MRFR analysis, Global Mechanical Ventilators Market size is expected to register a CAGR of 4.3% during the forecast period of 2020 to 2027 and accounted for USD 2,546 Million in 2019.
However, the high cost associated with the mechanical ventilators and product recalls is likely to hamper the growth of the global mechanical ventilators market during the forecast period.
Segmentation
Global Mechanical Ventilators Market has been segmented based on Product Type, Mode, Age Group, and End User.
The market based on product type has been divided into intensive care unit/critical care, transport/portable/ambulatory, and neonatal care. Based on mode, the market is segmented into non-invasive ventilation and invasive ventilation.
Based on age group, the market is segmented into pediatric and adult. The end user segment of the market consists of hospitals and clinics, home care, and ambulatory surgical center.
Key Players
Some of the key players in the global mechanical ventilators market are Getinge AB (Sweden), Becton, Dickinson, and Company (BD) (US), Medtronic (Ireland), Draeger Medical GmbH (Germany), GE Healthcare (US), Macquet Gmbh & Co. KG (Germany), Koninklijke Philips N.V. (Netherlands), Smith’s Medical (US), Hamilton Medical (Switzerland), ACOMA Medical Industry Co., Ltd (Japan) among others.
https://www.marketresearchfuture.com/reports/mechanical-ventilators-market-9714