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Medical Ventilator Market Size, Share Global Analysis Report, 2020–2026
Medical Ventilator Market by Mobility (Intensive Care, Portable), by Type (Invasive, Non-invasive), End User (Hospital, Ambulatory Care Center, Others) and Regions: Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecast 2020–2026
Industry Insights
This specialized and expertise oriented industry research report scrutinizes the technical and commercial business outlook of the medical ventilator industry. The report analyzes and declares the historical and current trends analysis of the medical ventilator industry and subsequently recommends the projected trends anticipated to be observed in the medical ventilator market during the upcoming years.
The medical ventilator market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire medical ventilator market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of both volume (Units) and value (USD Million) from FY 2016 – 2026.
The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the medical ventilator industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.
Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the medical ventilator industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the medical ventilator market.
The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders the medical ventilator involved in the entire value chain of the medical ventilator industry. The market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.
The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the medical ventilator sector. Key strategic developments in the medical ventilator market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the medical ventilator market are appropriately highlighted in the report.
The medical ventilator market research report delivers an acute valuation and taxonomy of the medical ventilator industry by practically splitting the market on the basis of different components, applications, end-user, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the medical ventilator industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Further, country-wise data for the medical ventilator industry is provided for the leading economies of the world.
The global medical ventilator industry is expected to provide potential opportunities to the manufacturers, vendors, and customers across the globe. The growing adoption of medical ventilators owing to the ongoing COVID-19 pandemic is a major factor expected to drive the growth of the target market in the near future. The increasing prevalence of respiratory diseases due to urbanization and growing pollution levels, high prevalence of tobacco smoking are factors driving the growth of the medical ventilator industry. Additionally, the growing aging population, coupled with increasing numbers of the ICU beds are expected to boost the growth of the global market in the near future. However, the complications associated with the use of ventilators and the issues related to reimbursement are major factors to restrain target market growth during the forecast period.
The global medical ventilator market is segmented on the basis of type, mobility, and end-user. The global medical ventilator market can be categorized on the basis of mobility into intensive care and portable. Based upon type segment the global medical ventilator market is bifurcated as invasive and non-invasive. The invasive ventilation segment is expected to dominate in the near future owing to its increasing adoption and range of applications in sleeping disorders, neurological diseases, and respiratory diseases. The end user segment of the target market is categorized in to hospital, ambulatory care center, and others.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 846.1 Million |
Projected Market Size in 2026 |
USD 1466.3 Million |
Growth Rate |
CAGR 7.8% |
Base Year |
2019 |
Forecast Years |
2020–2026 |
Key Market Players |
ResMed, Becton, Dickinson and Company, Getinge, Philips Healthcare, Smiths Group, Hamilton Medical, GE Healthcare, Air Liquide, Dräger, and Medtronic. |
Key Segment |
By Type, By Mobility, By End-user and By Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Competitive Analysis
Some of the essential players operating in the medical ventilator market, but not restricted to include :
- ResMed
- Becton
- Dickinson and Company
- Getinge
- Philips Healthcare
- Smiths Group
- Hamilton Medical
- GE Healthcare
- Air Liquide
- Dräger
- Medtronic
Major companies in the global medical ventilator market are trying to focus on the inorganic business strategies including launches of innovative products along with strategic partnerships owing to ongoing COVID-19 pandemic as it has highlighted a shortage of ventilators worldwide.
The taxonomy of the medical ventilator market industry by its scope and segmentation is as follows:
By Type
- Invasive
- Non-invasive
Global Medical Ventilator Market: By Mobility
- Intensive Care
- Portable
By End-user
- Hospitals
- Ambulatory Care Centre
- Others
Global Medical Ventilator Market: Regional Segmentation Analysis
- North America
- The U.S.
- Canada
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Table of Content
Industry Major Market Players
- ResMed
- Becton
- Dickinson and Company
- Getinge
- Philips Healthcare
- Smiths Group
- Hamilton Medical
- GE Healthcare
- Air Liquide
- Dräger
- Medtronic
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