The increasing prevalence of respiratory diseases such as COPD and asthma is expected to drive the growth of the mechanical ventilators market. The growing geriatric population and rising cases of COVID-19 worldwide are also fueling the demand for mechanical ventilators. Additionally, technological advancements in ventilator systems, such as portable and homecare ventilators, are providing new growth opportunities for market players.
Industry
Report Coverage | Details |
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Segments Covered | Product, Ventilation Mode, Type, Component, Application, End-User |
Regions Covered | • North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA) |
Company Profiled | Getinge AB, Medtronic, Vyaire Medical, Drägerwerk AG & Co. KGaA, Koninklijke Philips N.V., Hamilton Medical, General Electric Company, ICU Medical,, ZOLL Medical, Shenzhen Mindray Bio-Medical Electronics |
The high cost of mechanical ventilators and the shortage of skilled healthcare professionals to operate these devices are major restraints for the market. Moreover, stringent regulations and standards for ventilators, coupled with the risk of complications associated with mechanical ventilation, are also hindering the market growth.