The global mechanical ventilator market is projected to reach US$2.368 billion by 2023 from US$1.908 billion in 2018, growing at a CAGR of 4.41% over the forecast period. Mechanical ventilators help patients breathe by assisting in the inhaling and exhaling process. Factors driving growth in the market are increasing consumption of tobacco-related products, rising prevalence of respiratory diseases, growing demand from emerging economies with higher allocation towards healthcare expenditures, and increasing pollution levels on account of rapid urbanization and industrialization. Geographically, Asia Pacific is expected to witness the highest growth over the projected period attributable to the fast-developing healthcare sector in India, and China, increasing demand from an aging population in Japan, and developed markets like South Korea.
This section details the research process followed for calculating market size and forecasts along with a list of the secondary data sources used and the primary inputs which were taken for data validation. It also provides an outline of the various segmentations which have been covered as part of the report.
In this section, the entire market is explained along with various drivers, restraints, and opportunities that exist in the current market. This section of the report also provides product pipeline, industry value chain analysis, and innovations in the market. Various regulations in the industry along with a scenario analysis have also been covered as a part of this report section.
The global mechanical ventilator market has been segmented based on type, mode, technique, end-user, and geography as follows:
The competitive intelligence section deals with major players in the market, their market shares, growth strategies, products, financials, and recent investments among others. Key industry players profiled as part of this section are Dragerwerk AG, Philips Healthcare, Hamilton Medical AG, and Sirius Medical Supply, Inc. among others.
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