Mechanical ventilation, in the healthcare setting or home, helps patients breathe by assisting the inhalation of oxygen into the lungs and the exhalation of carbon dioxide. Depending on the patient’s condition, mechanical ventilation can help support or completely control breathing.
According to forecast, the global mechanical ventilators market is expected to be valued at USD 1.5 billion by 2020 from USD 1.1 billion in 2015, registering a CAGR of 6.1% during the forecast period from 2016 to 2020.
The increasing incidence of chronic diseases, such as chronic obstructive pulmonary disease (COPD), asthma, bronchitis, and other lung disorders, and increasing number of accidental emergencies lead to the substantial requirement of mechanical ventilators. The market is expanding to cater to these needs. In addition to these, the growing geriatric population, which is prone to respiratory emergencie is one of the key drivers of the mechanical ventilators market.
Based on the product type, mechanical ventilators market is divided into intensive care mechanical ventilator and portable/transport mechanical ventilator. Among them, the intensive care mechanical ventilators are the most widely used type of ventilators, and occupied the largest market share of global mechanical ventilators market in 2015, portable/transport mechanical ventilator will be the fastest growing market in the forecast period.
On the basis of geographies, North America is the largest market of global mechanical ventilators market, followed by Europe. The Asia Pacific market is immensely lucrative and is expected to showcase highest compound annual growth rate over the course of the forecast period.
The leading players in the mechanical ventilators market are Dragerwerk AG & Co. KGaA, Philips Healthcare, GE Healthcare, Smiths Medical, Becton, Dickinson and Company, Fisher and Paykel Healthcare Limited, Getinge Group, Medtronic Plc, ResMed, and Hamilton Medical AG.
Global Mechanical Ventilators Market Revenue Analysis, by Geographies, 2015 ($ Million)
Read Full Report: http://www.gosreports.com/global-mechanical-ventilators-market-research-report-2016/
The report firstly introduced the Mechanical Ventilators basics: definitions, classifications, applications and market overview, product specifications, manufacturing, processes, cost structures, market size, market value and so on. Then it analyzed the world’s main region market conditions, including the product, price, profit, production, supply, demand, market growth rate and forecast etc.. In the end, the report introduced new project SWOT analysis, investment feasibility analysis.
More Published Reports: http://www.gosreports.com/global-portable-ventilators-market-research-report-2017/
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