Mechanical Ventilators Market, Share, Growth, Trends and Forecast to 2027: Global Market Insights

 The mechanical ventilators market is poised to witness considerable growth through 2027 mainly owing to increasing occurrences of respiratory distress and failure in patients with critical illnesses.

Recently, following the COVID-19 outbreak, patients who were infected by the novel coronavirus were prone to developing respiratory conditions like acute respiratory distress syndrome (ARDS), wherein they required supplemental oxygen to carry out respiratory functions. Mechanical ventilation was one of the methods used to provide improved respiratory support to patients with COVID-19, which has positively influenced product outlook during the pandemic.

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The mechanical ventilators market has been segregated based on product, interface, ventilator type, application, mode, end-use, and region. On the basis of product, the market has further been categorized into portable ventilators and intensive care ventilators.

The intensive care ventilators sub-segment was valued at more than USD 8,099 million in 2020 and is projected to register about -8.4% CAGR through the assessment timeframe. Accurate and efficient ventilation support and improved efficiency enable these ventilators to deliver enhanced outcomes, which is likely to impact segmental adoption in the coming years.

With respect to interface, the mechanical ventilators market has been segmented into non-invasive ventilation and invasive ventilation. In 2020, the invasive ventilation sub-segment exceeded a valuation of USD 7,565 million and is anticipated to progress a CAGR of about -8.5% over the study timeline. The advent of digital invasive ventilation that offers highly accurate and precise ventilation support as well as instantaneous completion of reactions is set to drive segmental growth.

Browse key industry insights spread across 450 pages with 898 market data tables & 22 figures & charts from the report, “Mechanical Ventilators Market Size By Product (Intensive Care Ventilators {High-end, Mid-end, Basic-end}, Portable Ventilators), By Interface (Invasive Ventilation, Non-invasive Ventilation {CPAP, BiPAP, APAP}), By Ventilator Type (Adult Ventilators, Neonatal Ventilators), By Application (Resuscitation, Homecare Applications, Emergency/Transport, Sleep Apnea Therapy, Anesthesiology, Clinical Applications), By Mode (Combined Mode Ventilator, Control Mode Ventilator, Pressure Mode Ventilator), By End-use (Hospitals, Ambulatory Surgical Centers, Homecare), COVID-19 Impact Analysis, Regional Outlook, Application Development Potential, Competitive Market Share & Forecast, 2021 – 2027” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/mechanical-ventilator-market

By ventilator type, the market has been divided into neonatal ventilators and adult ventilators. In 2020, the adult ventilators sub-segment was valued at over USD 8,724 million and is slated to exhibit -8.0% growth rate through 2027 due to surging cases of COVID-19 infection and rise in healthcare expenditure.

From the application perspective, the mechanical ventilators market has been classified into homecare applications, resuscitation, sleep apnea therapy, emergency/transport, anaesthesiology, clinical applications, and others. The clinical applications sub-segment surpassed a valuation of USD 684 million in 2020 and is estimated to deliver a growth rate of nearly -7.3% through the review timeline on account of surging demand for mechanical ventilators in several clinical applications.

In terms of mode, the market has been bifurcated into control mode ventilation, combined mode ventilation, and pressure mode ventilator. In 2020, the pressure mode ventilator sub-segment garnered a valuation of more than USD 4,880 million and is expected to record around -8.7% CAGR through the analysis period. Increased duration of alveolar recruitment and augmented mean airway pressure of these ventilators are likely to influence segmental outlook.

On the end-use spectrum, the mechanical ventilators market has been segmented into homecare, hospitals, ambulatory surgical centers, and others. In 2020, the hospitals sub-segment was valued at above USD 5,743 million and is calculated to progress at a considerable pace over 2021-2027 owing to several factors, including the availability of board-certified skilled doctors, faster & more efficient work, and high success rate, among others.

In the regional landscape, the Latin America mechanical ventilators market attained a revenue worth around USD 118 million in 2020 and speculated to grow at approximately 2.8% CAGR through the forecast period. Rapid adoption of innovative mechanical ventilators, along with mounting incidences of COVID-19 infection across countries in LATAM, is primed to boost regional market growth in the future.

Partial Table of Contents (ToC) of the report:

Chapter 1   Methodology

1.1    Market definition

1.2    Base estimates & working

1.3    Forecast parameters

1.4    Data validation

1.5    Data sources

1.5.1    Secondary

1.5.1.1    Paid sources

1.5.1.2    Unpaid sources

1.5.2    Primary

Chapter 2   Executive Summary

2.1    Mechanical ventilators industry 3600 synopsis, 2016 - 2027

2.1.1    Business trends

2.1.2    Product trends

2.1.3    Interface trends

2.1.4    Ventilator type trends

2.1.5    Application trends

2.1.6    Mode trends

2.1.7    End-use trends

2.1.8    Regional trends

Browse complete table of content of this report@  https://www.gminsights.com/toc/detail/mechanical-ventilator-market

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