Portland, OR -- (SBWIRE) -- 02/21/2018 -- Mechanical Ventilators Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $3.9 billion by 2022, registering a CAGR of 5.4% during the period 2016-2022. The intensive care mechanical ventilators segment accounted for around three-fourths of the market share in 2015, and is expected to dominate the overall market during the study period. North America and Europe, collectively, accounted for over half of the market share in 2015.

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The advancements in technology have encouraged manufacturers to develop innovative medical devices including mechanical ventilators. Big brands have sensed a growing need to aid both patients and respiratory therapist breathe freely, especially when administering care say industry experts at Allied Market Research, weighing upon the size and share, growth, demand and opportunities in the mechanical ventilators market. New software and different functionality upgrades are also setting some trends in the industry.

Palmtops to hit the hospitals soon

Few palmtop ventilators that are yet to receive FDA approval would hit hospitals and clinics soon. Some recent innovations in the palmtop ventilators category are PiCOEXPLORER™ Model PAS-110 by Ushio America, Inc. and ReVel Palm Top Ventilator by CareFusion. Both the equipment provides paramount ICU – level care not only in clinics and hospital, but also during the patient transport service.

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Most of these portable devices weigh about the same size of positive airway pressure equipment and are the smallest ventilators available in the market. While some palmtops are developed for high – acuity use, other are designed for mid –acuity applications. The high-acuity ventilators come with a touch screen as well as a nebulizer. Moreover, its batteries can be conveniently swapped without interfering with the patient care. On the other hand, the devices used for mid-acuity applications feature LED interface meant to offer patient information as well as external exhalation.

In 2015, the geriatric population was the highest revenue-generating segment and accounted for around 44% due to the rise in the aged population prone to chronic respiratory diseases. However, the pediatric and neonatals segment is likely to register a fastest growing CAGR of 7.1% (Value terms) during the forecast period. The growth of this segment is caused due to rise in incidence of neonatal mortality and need of convenient ventilation facilities for newborn and premature babies.

Key Findings of Mechanical Ventilators Market:

Pediatric/neonatal and adults segment, collectively, accounted for more than half of the overall mechanical ventilators market in 2015.
The invasive mechanical ventilators segment is expected to maintain its foothold in the market throughout the forecast period; however, the non-invasive ventilator is estimated to be the fastest growing segment.

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