Mechanical Ventilators - Global Market Forecasts to 2025: A $3.82 Billion Opportunity - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Sep 18, 2018--The “Mechanical Ventilator Market by Product Type Component Mode Age Group and End User - Global Opportunity Analysis and Industry Forecast, 2018-2025” report has been added to ResearchAndMarkets.com’s offering.
According to the report, the global mechanical ventilator market was valued at $2,242 million in 2017, and is projected to reach $3,819 million by 2025, growing at a CAGR of 6.8% from 2018 to 2025. The intensive care unit segment accounted for more than half of the total market share in 2017.
The expanding geriatric population who is prone to respiratory disorders significantly drives the growth of the mechanical ventilator market. In addition, escalating government expenditures in healthcare that promote adoption of mechanical ventilators in the developing countries, such as China and India, propel the market growth. The swelling number of intensive care units was observed in China in 2016, which led the government to continue to be a large buyer. Such circumstances positively affect the market growth.
The intensive care unit segment generated the maximum revenue and is expected to maintain this trend in terms of both value and volume during the forecast period, owing to rise in ICU bed admissions and high demand of advanced & customizable mechanical ventilators based on specific need of ventilation.
Based on mode, the market is divided into non-invasive ventilation and invasive ventilation. The non-invasive ventilation segment is expected to grow at the highest rate from 2018 to 2025, attributed to the fact that noninvasive ventilation (NIV) is associated with a lower risk of mortality as compared to invasive mechanical ventilation (IMV).
Key FindingsThe transport/portable/ambulatory segment is expected to register the highest CAGR of 7.2% (in terms of volume) from 2018 to 2025. The ambulatory surgical center segment is expected to grow at a significant CAGR of 8.5% (in terms of value) from 2018 to 2025. The adult segment dominated the age group category of the mechanical ventilator market in 2017 and is expected to maintain this trend during the forecast period.
Companies ProfiledBecton, Dickinson and Company (CareFusion/Vyaire Medical Inc.) Carl Reiner GmbH Draegerwerk AG & Co. KGaA Getinge AB (Maquet Holding B.V. & Co. KG) General Electric Company (GE Healthcare) Hamilton Medical AG Koninklijke Philips N.V. Medtronic plc (Covidien Ltd.) Mindray Medical International Limited Smiths Group plc
For more information about this report visit https://www.researchandmarkets.com/research/mq56gn/mechanical?w=4
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Related Topics:Respiratory Devices
INDUSTRY KEYWORD: HEALTH MEDICAL DEVICES
SOURCE: Research and Markets
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PUB: 09/18/2018 05:04 PM/DISC: 09/18/2018 05:04 PM