The Mechanical Ventilator Global Market Report 2023 by The Business Research Company, provides mechanical ventilator market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Mechanical Ventilator Global Market Report 2023, the market size is expected to grow from $6.9 billion in 2022 to $7.67 billion in 2023 at a compound annual growth rate (CAGR) of 11.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global mechanical ventilator is expected to grow to $12.37 billion in 2027 at a CAGR of 12.7%.
Improving healthcare infrastructure is expected to propel the growth of the mechanical ventilator market. Healthcare infrastructure is referred to as a foundation for planning,evaluating, delivering, and implementing improvements in public health. The outbreak of the COVID-19 pandemic has increased the need for infrastructure readiness and the demand for improved healthcare facilities. Many hospitals are increasing their capacity of mechanical ventilators to tackle the urgent need without facing a shortage of medical devices for treatment in an emergency.
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The mechanical ventilator market is segmented:
1) By Type: Adult Ventilators, Pediatric Ventilators, Neonatal/ Infant Ventilators
2) By Mobility: Intensive Care Ventilators, High-End ICU Ventilators, Mid-End ICU Ventilators, Basic ICU Ventilators, Portable Ventilators
3) By Mode Of Ventilation: Invasive Ventilation, Non-Invasive Ventilation
4) By End-User: Hospitals and Clinics, Home Care, Ambulatory Care Centers, Emergency Medical Service, Other End-Users
Product innovation is a key trend gaining popularity in the mechanical ventilator market. Companies are investing in the research and development of new products to automate the mechanical ventilators based on frequency, assist control, and time to minimize the ventilator work. For instance, in January 2022, OES Medical, a UK based-manufacturer of anesthesia equipment and accessories, launched Gemini-G100, an electrically driven piston ICU ventilator. The new Gemini-G100 is designed to assist intensive care teams worldwide, where the high-pressure oxygen gas supplies are problematic. It only requires electric power and doesn’t place any demand on the oxygen supply within the hospital
The mechanical ventilator market report table of contents includes:
1. Executive Summary
2. Mechanical Ventilator Market Characteristics
3. Mechanical Ventilator Market Trends And Strategies
4. Mechanical Ventilator – Macro Economic Scenario
5. Mechanical Ventilator Market Size And Growth
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26. Africa Mechanical Ventilator Market
27. Mechanical Ventilator Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Mechanical Ventilator Market
29. Mechanical Ventilator Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
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