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Mechanical Ventilator Global Market Report 2022

Mechanical Ventilator Global Market Report 2022

  • August 2022
  • 175 pages
  • ID: 6311692
  • Format: PDF
  • The Business Research Company

Summary

Table of Contents

Major players in the mechanical ventilator market are Acoma Medical Industry Co. Ltd., Air Liquide, Allied Healthcare Products Inc., Bio-Med Devices Inc., Dräger, GE Healthcare, Getinge, Hamilton Medical, Medtronic, ResMed, Airon Corporation, aXcent Medical GmbH, Bunnell Inc., Carl Reiner GmbH, Fisher & Paykel Healthcare Limited, Hill-Rom Holdings Inc., and Koninklijke Philips N.V.

The global mechanical ventilator market is expected to grow from $6.23 billion in 2021 to $6.86 billion in 2022 at a compound annual growth rate (CAGR) of 10.1%. The mechanical ventilator market is expected to grow to $10.57 billion in 2026 at a CAGR of 11.4%.

The mechanical ventilator market consists of sales of the mechanical ventilator by entities (organizations, sole traders, or partnerships) that help a person breathe when they find it difficult to breathe on their own.A mechanical ventilator is a machine that automatically performs all or part of the effort required to transport gas into and out of the lungs.

The ventilator is programmed by the respiratory therapist and doctor to manage how frequently and how much air is pushed into the patient’s lungs. Mechanical ventilators are most commonly found in hospitals and transportation systems such as ambulances and Medevac air transport.

The main types of mechanical ventilators include adult ventilators, pediatric ventilators, and neonatal/ infant ventilators.Adult ventilators offer invasive and non-invasive ventilation for adults.

The different mechanical ventilator mobility types include intensive care ventilators, high-end ICU ventilators, mid-end ICU ventilators, basic ICU ventilators, and portable ventilators. The different modes of ventilation include invasive ventilation and non-invasive ventilation for end-users including hospitals and clinics, home care, ambulatory care centers, emergency medical service, and other end-users.

North America was the largest region in the mechanical ventilator market in 2021. The regions covered in the mechanical ventilator market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The mechanical ventilator market research report is one of a series of new reports that provides mechanical ventilator market statistics, including mechanical ventilator industry global market size, regional shares, competitors with a mechanical ventilator market share, detailed mechanical ventilator market segments, market trends and opportunities, and any further data you may need to thrive in the mechanical ventilator industry. This mechanical ventilator market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Improving healthcare infrastructure is expected to propel the growth of the mechanical ventilator market.Healthcare infrastructure is referred to as a foundation for planning, evaluating, delivering, and implementing improvements in public health.

The outbreak of the COVID-19 pandemic has increased the need for infrastructure readiness and the demand for improved healthcare facilities.Many hospitals are increasing their capacity of mechanical ventilators to tackle the urgent need without facing a shortage of medical devices for treatment in an emergency.

For instance, in June 2021, the government of India planned an INR 50,000 crore ($6.8 billion) program to boost health infrastructure in the country. Therefore, the improving healthcare infrastructure is driving the growth of the mechanical ventilator market.

Product innovation is a key trend gaining popularity in the mechanical ventilator market.Companies are investing in the research and development of new products to automate the mechanical ventilators based on frequency, assist control, and time to minimize the ventilator work.

For instance, in January 2022, OES Medical, a UK based-manufacturer of anesthesia equipment and accessories, launched Gemini-G100, an electrically driven piston ICU ventilator.The new Gemini-G100 is designed to assist intensive care teams worldwide, where the high-pressure oxygen gas supplies are problematic.

It only requires electric power and doesn’t place any demand on the oxygen supply within the hospital.

In March 2020, Masimo, a US-based medical technology company, entered into a definitive agreement to acquire TNI Medical, for an undisclosed amount.Through this acquisition, Masimo aims at capitalizing on TNI’s novel softFlow technology on its softFlow technology, which provides high flow, humidified, and warmed respiratory gases for patients having critical pulmonary conditions.

TNI Medical AG is a Germany-based medical devices company.

The countries covered in the mechanical ventilator market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.

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