Global Mechanical Ventilators Market to be Led by Asia Pacific
Transparency Market Research (TMR) has announced the addition of a new market study based on the global mechanical ventilators market. According to the study, the global market for mechanical ventilators had reached a value of US$1.2 bn in 2011. The report offers an insight into the projected CAGR of the overall mechanical ventilators market in the period from 2013 to 2019. The respective market revenue and forecasts of the product segments, along with their growth rate, is given in the report.The report provides information on the market, about its past and present performance, and also discusses the future prospects of the global market for mechanical ventilators. The report is titled “Mechanical Ventilators Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019.”
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The mechanical ventilators market has seen significant growth in the past two decades because of the high demand for technologically advanced medical devices in regions such as China, Singapore, Thailand and India. The global market for mechanical ventilators is further expected to witness significant growth over the report’s forecast period owing to the rapid and consistent technological innovation in these devices and the rising cases of chronic respiratory disorders among people. Moreover, an increase in the preference of hospitals to transfer long-term ventilated patients to home care settings can be expected to lead to a further increase in the demand for portable mechanical ventilators.
Along with these, factors such as rapid growth in the aging population and the improved portability and efficiency of mechanical ventilators have also led to an increase in the preference for these ventilators by both hospitals and patients.However, budget constraints faced by manufacturers of ventilators and providers of healthcare services are expected to restrain the growth of the global mechanical ventilators market to a certain level over the report’s forecast period.
The mechanical ventilators market can be categorized into three major types: neonatal ventilators, critical care ventilators, and transport and portable ventilators. The report provides an insight into every segment, considering the macro and micro environmental factors and their current and future market size, from 2013 to 2019, with 2012 as the base year. The market size and forecasts for swivels and connectors, which are the disposables used in ventilators, have also been included in the report.
The market for mechanical ventilators has been geographically categorized into four major regions, namely North America, Europe, Asia Pacific, and Rest of the World (RoW). The regional markets in the Middle East, Southeast Asia, Latin America, Russia, and others, will see a rise with an improvement in healthcare facilities, increase in the awareness among patients about the availability of these advanced ventilators and an increase in the per capita income.
The report presents profiles of the major companies operating in the global mechanical ventilators market, including Maquet (Gentinge Group), Philips Respironics, and Draeger Medical GmbH.
This research report is specifically designed to anticipate the demand and evaluate the performance of the mechanical ventilators market in the current and future global scenario, offering an in-depth analysis of companies that manufacture mechanical ventilators, the sales of these ventilators, and also the market trends.
Full Research Report on Global Mechanical Ventilators Market: