Mechanical Ventilator Market Growth, Industry Outlook and Opportunities 2022 – 2029 | DataM Intelligence

DataM Intelligence
The Global Mechanical Ventilator Market is expected to grow at a high CAGR of 6.6% during the forecasting period (2022-2029).

Market Overview

The mechanical ventilator is an artificial respiration tool that is utilized by patients who’re not able to respire evidently because of acute scientific conditions.

It is an existing support machine that enables sufferers to breathe whilst they’re unable to hold ok alveolar airflow. An affected person is hooked up to a ventilator via an endotracheal tube directly applied to the airway of an affected person or NIV face masks.

Ventilators are frequently used during surgical procedures whilst the patient is given anaesthesia; respirators help to put sufferers to sleep without interrupting ordinary breathing. It additionally diagnoses airway resistance and abnormal functioning of the respiratory machine. The failure of ventilators may additionally result in death so it’s miles classed as an existence-important device and have to be incredibly dependable.

The device is used amongst sufferers who have had suffered a spinal wire injury, stroke or neuromuscular disorder or are laid low with a chronic obstructive pulmonary disorder (COPD), apnea, acute lung harm or hypoxemia.

Currently, a portable mechanical ventilator is the maximum broadly used ventilator in the market.

 

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Market Dynamics

Significant drivers, using the mechanical ventilator marketplace consist of a boom inside the incidence of COPD, an increase in the geriatric populace, technological improvements and improvements in portability and layout, and supportive government investment.

According to the World Health Organization (WHO), 65 million humans be afflicted by mild to extreme COPD in 2017, inflicting three million deaths. COPD is the 0.33 most deadly ailment across the globe. Increasing cases of COPD, bronchitis and bronchial asthma are because of an upward thrust in air pollution tiers. WHO statistics states that nine out of 10 human beings are breathing air containing an excessive awareness of pollutants.

According to the United Nations, the global geriatric population was around 809.4 million in 2018, and via 2050 it’s far predicted to grow greater than double to reach an estimated populace of over 2,000 million. The geriatric populace is associated with many respiration excessive problems that require non-stop long-time period ventilation.

 

Market Restraints

Tight budgetary constraints faced by ventilator producers and healthcare provider vendors and dangers associated with mechanical air flow methods just like the access of bacteria into the lungs through the endotracheal tube inflicting pneumonia or harm to the lung are restricting the increase of this market.

 

Market Segmentation

By Product Type

l Stationary Ventilator

l Portable/Transport Ventilator

 

By Age Group

l Intensive/Critical Care Ventilator

l Neonatal Ventilator

 

By Interface

l Invasive ventilator

l Non invasive ventilator

 

By Mode

l Combined mode ventilator

l Volume mode ventilator

l Pressure mode ventilator

 

By End-User

l Hospitals and Clinics

l Ambulatory care centres

l Homecare

l Emergency medical service

 

By Region

l North America

l Europe

l South America

l Asia-Pacific

l Middle East and Africa

 

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Competitive Trends

The key players in mechanical ventilators are Draeger, Vyaire Medical, Philips Respironics, Smiths Medical, Becton Dickinson and Company, Ventinova, Medtronic, Plc. And Mindray Medical International Limited. The other players in the market include Tecme SA, ResMed Corp., and Fisher & Paykel Healthcare Limited.

In September 2018, Philips Respironics launched Trilogy Evo Ventilator which is a portable life support ventilator designed to stay with patients and provide them with consistent therapy and monitoring change care environments when their condition changes.

In April 2018, Claire Medical, a global leader in respiratory care-acquired Acutronic Medical Systems which is a globally recognized manufacturer of neonatal ventilation equipment.

 

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