The demand for life-extending medical devices is increasing considerably which has enabled further development of medical ventilators as well. Market reports associated with the medical device industry have been made available by Market Research Future which creates reports on other industry verticals that outlines the current market scenarios. The market is anticipated to develop at a 7.9% CAGR in the forthcoming forecast period.
The development of medically advanced facilities globally has also prompted a significant demand spike for medical ventilators market . The existence of significant players in the market is also modifying the product range that is available for use by end users. The escalation in the incidence of chronic diseases is expect ed to enhance the growth of the market in the forecast period.
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Medical Ventilator Market Segmentation
The medical ventilator market has been segmented on the basis of types of ventilators, applications, and regions. The segmentation on the types of ventilators comprises of invasive ventilators, non-invasive ventilators, and portable mechanical ventilator. The non-invasive ventilators are additionally segmented into pressure-cycled, volume-cycled, flow-cycled, and time-cycled ventilators. The mechanical ventilators are additionally divided into negative pressure and positive pressure ventilators. On the basis of applications, the market is segmented into neonatal care, critical care, emergency care, and others. The regions reviewed in the market are Asia Pacific, North America, Africa, Europe, and the Middle East.
Medical Ventilator Market Players
- Globus Medical, Inc. (U.S.)
- Depuy Synthes Inc. (Johnson & Johnson) (U.S.)
- Smith & Nephew plc. (UK)
- NuVasive, Inc. (U.S.)
- Stryker Corporation (U.S.)
- Integra LifeSciences Holdings Corporation (U.S.)
- Zimmer Biomet Holdings, Inc. (U.S.)
- Medtronic, plc (Ireland)
- Wright Medical Group N.V. (Netherlands)
- The Orthopedic Implant Company (U.S.)
- Aesculap Implant Systems (U.S.)
- Conmed Corporation (U.S.)
- BioTek Instruments, Inc. (U.S.)
- Arthrocare Corporation (U.S.)
among others are some key companies in the global Medical Ventilator sthat are listed by MRFR for market research.
Medical Ventilator Market Regional Analysis
The Asia Pacific region is displaying the top growth level in this market owing to the commonness of chronic heart diseases & respiratory illnesses and the rise in environmental pollution that has created a large patient pool to drive the expansion of this market.
The Americas region is the leading market for medical ventilators due to a boost in the lifestyle diseases resulting in chronic obstructive pulmonary diseases, asthma, bronchitis & other disorders.
The European region is the next principal market whose expansion is credited to the escalating prevalence of chronic respiratory diseases and the subsequent demand for mechanical ventilators.
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Table of Content
1 EXECUTIVE SUMMARY
2 MARKET INTRODUCTION
2.1 DEFINITION 26
2.2 SCOPE OF THE STUDY 26
2.3 RESEARCH OBJECTIVE 26
2.4 MARKET STRUCTURE 27
2.5 ASSUMPTIONS & LIMITATIONS 28
3 RESEARCH METHODOLOGY
3.1 DATA MINING 29
3.2 SECONDARY RESEARCH 30
3.3 PRIMARY RESEARCH 31
3.3.1 PRIMARY INTERVIEWS AND INFORMATION GATHERING PROCESS 31
3.3.2 BREAKDOWN OF PRIMARY RESPONDENTS 32
3.4 FORECASTING TECHNIQUES 32
3.5 RESEARCH METHODOLOGY FOR MARKET SIZE ESTIMATION 33
4 MARKET DYNAMICS
4.1 OVERVIEW 36
4.2 DRIVERS 37
4.2.1 INCREASING PREVALENCE OF ACUTE AND CHRONIC ILLNESS 37
4.2.2 TECHNOLOGICAL INNOVATION IN MEDICAL VENTILATORS 37
4.2.3 RISING NUMBER OF APPROVALS AND PRODUCT LAUNCH 38
4.2.4 GOVERNMENT SUPPORT IN FAVOUR OF MEDICAL VENTILATORS 38
4.3 RESTRAINTS 39
4.3.1 STRINGENT REGULATIONS RELATED TO MEDICAL VENTILATORS 39
4.3.2 RISK ASSOCIATED WITH MEDICAL VENTILATORS 39
4.4 OPPORTUNITIES 40
4.4.1 COLLABORATION OF MAJOR PLAYERS IN THE MARKET 40
4.4.2 RISING DEMAND FOR NON-INVASIVE MEDICAL VENTILATORS 41
TOC Continued…
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