The global mechanical ventilators market is currently witnessing strong growth. Looking forward, the market is projected to register a CAGR of around 6% during 2020-2025.
The increasing prevalence of chronic obstructive pulmonary disease (COPD) and respiratory disorders is one of the key factors driving the growth of the market. Increasing geriatric population and number of individuals suffering from other ailments, such as diabetes, hypertension and cardiovascular diseases (CVDs), are further contributing to the market growth, as these people are more prone to respiratory disorders and COPD.
Additionally, various technological advancements, including the development of portable and non-invasive mechanical ventilators, are driving the product adoption rates in both the developing and developed economies. Manufacturers are equipping these devices with high-speed signal processing systems and making improvements in the design, efficiency and safety measures of the equipment to make them more patient-friendly and cost-effective.
Other factors, including improving healthcare infrastructure, rising awareness regarding the available treatments for respiratory diseases and extensive research and development (R&D) activities, are projected to drive the market further.
The competitive landscape of the industry has also been examined with some of the key players Allied Healthcare Products, Air Liquide, Asahi Kasei, CareFusion Corporation, Fisher & Paykel, GE Healthcare Company, Hamilton Medical AG, Maquet GmbH & Co. KG, Medtronic Plc, Mindray Medical International Ltd., Philips Healthcare, ResMed, Smiths Group Plc, Teleflex Inc., etc.
Key Questions Answered
How has the global mechanical ventilators market performed so far and how will it perform in the coming years?
What are the key regional markets?
What is the breakup of the market based on the product type?
What is the breakup of the market based on the interface?
What is the breakup of the market based on the age group?
What is the breakup of the market based on the mode of ventilation?
What is the breakup of the market based on the end-use?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the market?
What is the degree of competition in the market?
Key Topics Covered
2 Scope and Methodology
3 Executive Summary
4 Introduction 4.1 Overview 4.2 Key Industry Trends