ALBANY, New York, May 12, 2020
- With the current pandemic of COVID-19, the demand for mechanical ventilators is projected to rise up in the near future
- In addition to this, increasing prevalence of chronic obstructive pulmonary disorder is also projected to have a highly positive impact on the overall development of the global mechanical ventilators market
ALBANY, New York, May 12, 2020 /PRNewswire/ -- TMR has now published a new research report that talks about the working dynamics of the global mechanical ventilators market. The research report tried highlight the important growth factors, inhibiting factors, key segments, current geographical outlook, and the overall state of the vendor landscape of the global mechanical ventilators market.
As per the research report, the global market for mechanical ventilators is projected to showcase a highly promising CAGR of 12.8% over the given course of the forecast period ranging from 2019 to 2027. In 2018, the valuation of the global mechanical ventilators market was around US$1.9 Bn. Given the rate of growth, the valuation of the global market is projected to rise up to US$5.5 Bn by the end of the forecast period in 2027.
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Global Mechanical Ventilators Market – Key Takeaways
Explore a report with detailed research, incisive insights, and in-depth country levels estimations. Gain business intelligence on global Mechanical Ventilators Market (Product Type - Critical Care Ventilators, Neonatal Ventilators, Transport and Portable Ventilators; Interface - Invasive Ventilators, Noninvasive Ventilators; End user - Home care, Hospitals and Clinics, Ambulatory Surgical Centers) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 – 2027 https://www.transparencymarketresearch.com/report-toc/1397
Global Mechanical Ventilators Market – Key Driving Factors
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Global Mechanical Ventilators Market – Key Restraining Factors
Global Mechanical Ventilators Market – Regional Outlook
Analyze Global Wireless Charging ICs Market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea.
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Global Mechanical Ventilators Market – Key Players
Some of the key companies operating in the global mechanical ventilators market include names such as Teleflex Incorporated, VYAIRE, Dragerwerk AG & Co. KGaA, GE Healthcare, Medtronic plc, Koninklijke Philips N.V., Smiths Medical, ResMed Inc., Bunnell Inc., and Getinge AB. among others among others.
The global mechanical ventilators market has been segmented as follows:
Explore Transparency Market Research's award-winning coverage of the global Healthcare industry:
Chronic Obstructive Pulmonary Disease (COPD) Treatment Market - The chronic obstructive pulmonary disease treatment market is projected to be valued at ~US$ 26.2 billion in the year 2027. The high prevalence of chronic obstructive pulmonary disease (COPD) and the need for improved treatment options are catalyzing market growth.
Non-invasive Ventilators Market - According to WHO, chronic respiratory disease affects nearly one billion individuals, globally, making it one of the leading causes of death. The non-invasive ventilators market is expected to reach a valuation of ~ US$ 1.5 Bn in 2019, and is likely to grow at a CAGR of ~ 6% through the forecast period.
Positive Airway Pressure Devices Market The global positive airway pressure (PAP) devices market is driven by high prevalence and rapid increase in incidence of sleep apnea across the globe. The global market was valued at US$ 1.56 Bn in 2018 and is projected to reach US$ 3.08 Bn by 2027, expanding at a CAGR of 7.8% from 2019 to 2027. Significant expansion of the market is attributed to increased prevalence of sleep apnea, worldwide, and technological advancements in positive airway pressure devices.
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