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Mechanical Ventilator Market - Current Competitive Analysis 2024: Philips Healthcare, Becton, Dickinson and Company, ResMed, Allied Healthcare Products

Infinium Global Research added Latest Research Report titled “Mechanical Ventilator Market by Manufacturers, Regions, Product Type and Application, Forecast to 2024” to its Large Report database.


Pune, India -- (SBWIRE) -- 11/20/2018 -- The main objective of this report is to define, describe, and forecast the global "Mechanical Ventilator" market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.

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Rising incidences of chronic obstructive pulmonary disease (COPD) to promote the growth in the global mechanical ventilator market

In 2016, according to the world health organization, it is estimated that 3.17 million deaths were caused by COPD disease. Currently, 251 million cases of COPD occur globally. WHO predicts that COPD will become the third leading cause of death worldwide.

The indoor and outdoor pollution, tobacco smoking and occupational dust and chemical are a major factor that causes incidences of chronic obstructive pulmonary disease (COPD) and respiratory disorder, which catalyze the demand of mechanical ventilator market. Moreover, the rise in a number of healthcare centers and hospitals coupled with increasing population over the globe is also a major factor drives the growth of the market. In addition, an increase in the government's expenditure on healthcare sectors and technological advancements are some factors that supplement the demand for mechanical ventilator market. However, growing incidences of ventilator-associated pneumonia is restraining the growth of mechanical ventilator market. Going further, the evolution of patient-friendly and cost-effective device is expected to offer significant opportunities for the mechanical ventilator market during the forecast period.

ZOLL Introduces the Z Vent Portable Ventilator for EMS and Hospital Use

IN October 2018, ZOLL® Medical Corporation, an Asahi Kasei Group Company that manufactures medical devices and related software solutions, announced the launch of the company's Z Vent™ transport ventilator for pre- and intra-hospital use. Z Vent delivers a full range of ventilation options and is easy to use. With ZOLL's unique Smart HelpTM technology, Z Vent removes the complexity associated with many portable ventilators, as Smart Help provides on-screen prompts to quickly guide users through alarm resolution. Designed with a simple Touch, Turn and Confirm interface, Z Vent makes changing settings quick and intuitive.

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The Asia Pacific region to contribute to growth in the mechanical ventilator market

On the basis of region, the North America region is dominated by the mechanical ventilator market. Center for Disease Control and Prevention predicts that COPD is the third leading cause of death in the United States. Moreover, rising occurrences of respiratory disorder coupled with a rising population are anticipated to boost the mechanical ventilator marker in the North America region. Europe is expected to be the lucrative region for mechanical ventilator market during the forecast period. Increasing prevalence of COPD in European countries such as France, Germany, and Italy is boosting the demand of market. However, the Asia Pacific region is projected to show a high growth rate during the forecast period. This is due to rising awareness among the people associated with respiratory diseases and growth in government healthcare expenditure. In Asia Pacific region, China, India, and Japan are anticipated to grow the fastest rate in mechanical ventilator market during forecast period.

The major key players in 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.

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