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Mechanical Ventilators Market: Worldwide Top Players Revenue and Forecasts To 2026

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Mechanical ventilation is a process that helps patients breathe by assisting inhalation of oxygen and exhalation of carbon dioxide through lungs with the help of specialized machines known as mechanical ventilators, respirators or breathing machines
Mechanical Ventilators Market
Growth Prediction 2018 to 2026
Demands
and
Mechanical Ventilators Market, by Product Type (Critical Care Mechanical
Ventilators, Neonatal Intensive Care Mechanical Ventilators, Portable
Mechanical Ventilators, and Transport Mechanical Ventilators), by Modality
(Invasive & Non-Invasive), by End User (Hospitals, Trauma Centers, Home
Healthcare, and Others), and by Geography - Global Industry Insights, Trends,
Outlook, and Opportunity Analysis, 2018-2026
Mechanical ventilation is a process that helps patients breathe by assisting inhalation of oxygen and
exhalation of carbon dioxide through lungs with the help of specialized machines known as mechanical
ventilators, respirators or breathing machines. These ventilators are connected to the patients by placing
it into the mouth or nose and goes down into the windpipe, whereas some patients undergo surgery to
have a hole through which the ventilation pipe can be passed. Mechanical ventilation is a life support
treatment that assists the patient with critical health conditions to breathe just enough for the survival.
Click To Read More On Mechanical Ventilators Market.
Patients on mechanical ventilators are monitored in an intensive care unit (ICU) settings, which is
hooked up to a monitor that measures respiratory rate, blood pressure, heart rate, oxygen saturation,
and other critical parameters required for the survival of the patients. The mechanical ventilators does
not heal the patient, however, it allows the patient to be stable during the medications and treatments.
Healthcare professionals always try to get rid of patients from being monitored on ventilators, as there
is a lot of risk involved in it. The process of getting a patient off from the ventilator is termed as
weaning.
Market Dynamics
Rising number of admissions in the intensive care units for continuous monitoring of critical and
severely ill patients is expected to boost the market growth. For instance, according to the American
Association for the Surgery of Trauma, in 2011, 790,257 hospitalizations involving mechanical
ventilation were reported. In 2015, the Centers for Disease Control & Prevention (CDC) stated that
acute injury and chronic obstructive pulmonary diseases (COPD) are major disorders responsible for
ICU admissions.
According to the results of Burden of Obstructive Lung Disease (BOLD) 2014, a multinational study to
find prevalence of COPD reported that the prevalence of COPD in Germany was 5.9%, 19.1% in South
Africa, and 11.9% in Mexico City of the total country’s population. Moreover, the rise in geriatric
population suffering from slow recovery process of various chronic diseases is expected to augment
growth of the global mechanical ventilators market. For instance, according to the National Council of
Aging, in 2014, around 80% of the adults in the U.S. suffer from at least one chronic condition. The
rising demand for emergency treatment of prolonged illness is also expected to drive growth of global
mechanical ventilators market.
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Competitive Insights
The key players operating in the global mechanical ventilators market include Becton, Dickinson &
Company, Mindray Medical International Limited, Getinge Group, GE Healthcare, Hamilton Medical
AG, Medtronic Plc, Smiths Medical, Draeger Medical GmbH, Philips Respironics, Maquet Medical
Systems GmbH, and others. Market players are focused towards providing technologically advanced
products to sustain their presence in the market. For instance, in 2016, Maquet Medical Systems
introduced two new ventilators named SERVO-U and SERVO-n that provides user-friendly interface to
the clinicians dedicated to neonatal intensive care solution.
Regional Insights
On the basis of region, the global mechanical ventilators market is segmented into North America,
Latin America, Europe, Asia Pacific, Middle East, and Africa. North America holds a dominant
position in the global mechanical ventilators market and is expected to retain its dominance over the
forecast period, owing to rising number of patient admissions in emergency wards due to critical health
conditions and severe injuries that require external support for survival. For instance, according to the
Society of Critical Care Medicine, in 2015, over 5.7 million patients were admitted to the intensive care
units (ICU) in the U.S. for intensive or invasive monitoring, airway support, stabilization of chronic
medical problems, and breathing disorders.
Furthermore, Asia Pacific is expected to witness a significant growth in the market, owing to
developments in healthcare infrastructure, rising awareness among patients and manufacturers, and
development of innovative and cost efficient solutions. For instance, in September 2017, the
department of Neurology at the All India Institute of Medical Sciences (AIIMS) developed a portable
life supporting ventilator that is 450 times smaller than the conventional counterparts and multiple
times cheaper than the price of normal mechanical ventilators.
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