Pune, India -- (SBWIRE) -- 04/13/2019 -- Our latest research report entitled Mechanical Ventilator Market (by pressure type (positive mechanical ventilator, negative), product (critical care ventilators, neonatal mechanical ventilators, portable), mode (non-invasive), end-user (hospitals, home healthcare, ambulatory care centers)) Industry Analysis, Trends, Size, Share, Forecasts to 2024 provides complete and deep insights into the market dynamics and growth of mechanical ventilator. Latest information on market risks, industry chain structure mechanical ventilator cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential Mechanical Ventilator growth factors.

The forecast mechanical ventilator market information is based on the present market situation, growth opportunities, development factors, and opinion of the industry experts. An in-depth analysis of the company profiles, mechanical ventilator on global and regional level and applications is conducted. The analysis of downstream buyers, sales channel, raw materials, and industry verticals is offered in this report. According to the report, the global mechanical ventilator market is projected to grow at a CAGR of 5.1% over the forecast period of 2018-2024.

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Mechanical Ventilator Market: Industry Insights

A mechanical ventilator is a machine that helps a patient breathe when they recovering from surgery or critical illness, or not able to breathe enough on their own. It is widely used in intensive care medicine (ICU), emergency medicine, home care and in anesthesia. The mechanical ventilators are divided into two types includes positive pressure mechanical ventilators and negative pressure mechanical ventilators.

Mechanical Ventilator Market: Driver and Restraints

Rapid growth in the geriatric population coupled with increasing incidences of asthma, chronic obstructive pulmonary disease (COPD), pulmonary fibrosis, pneumonia, and lung cancer is augmenting the growth of mechanical ventilators. As per the world health organization, in 2015, it is estimated that 3.17 million deaths were caused by the COPD disease. Globally, 251 million cases of COPD occurred in 2016. Growing awareness regarding the available treatments for respiratory diseases led to the rapid adoption of mechanical ventilators is boosting the market growth. However, increasing occurrences of ventilator-associated pneumonia could hamper the growth of medical ventilators market. Furthermore, technological innovations in respiratory devices and the introduction of cost-effective, and portable devices offer lucrative opportunities for the growth of mechanical ventilator market in coming years.

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Mechanical Ventilator Market: Segmentations

The global mechanical ventilator market divided into pressure type, product, mode, and end-user. On the basis of pressure type, the global mechanical ventilator market is categorized into positive mechanical ventilator and negative mechanical ventilator. On the basis of product, the global mechanical ventilator market is divided into critical care ventilators, neonatal mechanical ventilators, and portable ventilators. The critical care ventilators segment is predicted to account for a leading share of the market. On the basis of mode, the global mechanical ventilator market is segmented into non-invasive, and invasive. On the basis of end-user, the global mechanical ventilator market is bifurcated into hospitals, home healthcare, and ambulatory care centers.

Mechanical Ventilator Market: Regional Analysis

Among the geographies, the global mechanical ventilator market is segmented into North America, Europe, Asia Pacific, and RoW. The North America Region is accounted largest share in the mechanical ventilator market. The factors such as rising occurrences of respiratory disorder coupled with growth in rapid geriatric population highly developed healthcare system responsible for the growth of mechanical ventilator market. Additionally, the presence of major market players such as Bunnell Inc., ResMed Inc., Smiths Medical, and Medtronic plc, they generate significant market share in the North America region. The mechanical ventilators market in the Asia Pacific is estimated to grow at a rapid pace owing to technological advancements in countries such as China and India and developing healthcare infrastructures.

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Mechanical Ventilator Market: Competitive Landscape

The prominent players operating in the global mechanical ventilator market are Philips Healthcare, Becton, Dickinson and Company, ResMed, Allied Healthcare Products, Air Liquide, Drägerwerk AG & Co. KGaA, GE Healthcare, Hamilton Medical, and Smiths Group plc. These companies are actively involved in technological advancements and product innovations in order to gain their market share in the mechanical ventilator market during the forecast period.

Getinge Receives FDA Clearance for a Software Upgrade in Ventilator Platform

In April 2019, The FDA grants 510(k) clearance for Getinge new software version for the Servo-u and Servo-n mechanical ventilator platform. This software release includes the addition of Servo Compass and High Flow therapy as well as additional advancements for ventilation therapy support.

Reasons to Buy this Report:

- Comprehensive analysis of global as well as regional markets of the Mechanical Ventilator.

- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2024.

- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.

- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.