SHERIDAN, WYOMING, USA, Nov 18, 2021 /EINPresswire.com/ – According to IMARC Group’s latest report, titled “Mechanical Fans Market Price Trends: Global Industry Share, Size, Growth, Opportunity and forecast 2021-2026, “The global mechanical ventilator market has experienced strong growth during the period 2015-2020. Looking ahead, IMARC Group expects the market to grow at a CAGR of 7.3% during the period 2021-2026.
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We regularly monitor the direct effect of COVID-19 on the market, as well as the indirect influence of related industries. These observations will be incorporated into the report.
Global Mechanical Fans Market Trends:
The global market is primarily driven by the increasing incidence of chronic respiratory disorders. This can be attributed to the growing geriatric population, increasing pollution levels and increasing number of smokers around the world. The rapid outbreak of the novel coronavirus disease (COVID-19) has also created a growing demand for mechanical ventilators globally. A sudden spike in COVID-19 cases has dramatically increased the number of critical patients requiring life-sustaining intensive care. Since the virus is known to damage the lungs in severe active cases, causing oxygen levels in the body to drop further, making it difficult to breathe, ventilators are widely used to relieve critical conditions and restore regulated breathing. Apart from that, the growing demand for these devices in the wake of the pandemic has led several non-medical companies to collaborate with ventilator manufacturers in an effort to meet the ever increasing demand. In addition, product innovations and extensive research and development (R&D) have led to the introduction of portable and non-invasive mechanical ventilators with enhanced functionality, which is another major growth driver. Manufacturers also integrate high speed signal processing systems with these devices to achieve increased efficiency with improved user interface. Other factors contributing to the growth of the market include the increasing adoption of home treatments and the favorable initiatives taken by several governments to improve the healthcare infrastructure.
· On the basis of product type, the market has been divided into intensive care ventilators, portable / ambulatory, and others.
· On the basis of interface, the market has been divided into invasive and non-invasive ventilation.
· On the basis of age group, the market has been categorized into Pediatrics, Adult and Geriatrics.
On the basis of ventilation mode, the market has been segmented into combined ventilation modes, volume, pressure and others.
· On the basis of end use, the market has been categorized into hospitals and clinics, home care, outpatient care centers, and others.
Geographically, the market has been separated into North America (United States and Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Russia and others), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Latin America (Brazil, Mexico and others), Middle East and Africa.
The competitive landscape of the market has been analyzed in the report along with detailed profiles of major players. Some of these players include Allied Healthcare Products, Inc., AIR LIQUIDE SA, Asahi Kasei Group, GE Healthcare, Hamilton Medical AG, Getinge AB, Medtronic, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Philips Electronics Nederland BV, ResMed Corp., Smiths Group Plc and Vyaire Medical Inc.
• Related health care products
• Air Liquide, Asahi Kasei
• Company GE Health
• Hamilton Medical AG
• Maquet GmbH & Co. KG (Gatenge)
• Medtronic Plc
• Mindray Medical International Ltd.
• Philips Health
• Smiths Group Plc
• Vyaire Médical Inc., etc.
Breakdown by product type:
Intensive care ventilators
Portable / ambulatory ventilators
Breakdown by interface:
Breakdown by age group:
Breakdown by ventilation mode:
Combined ventilation mode
Volume ventilation mode
Pressure ventilation mode
Other ventilation mode
Breakdown by end use:
Hospitals and Clinics
· Home Care
Ambulatory care centers
Breakdown by region:
· North America
· Asia Pacific
· Latin America
Middle East and Africa
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Highlights of the report:
• Market performance (2015-2020)
• Market outlook (2021-2026)
• Market trends
• Market drivers and success factors
• The impact of COVID-19 on the global market
• Value chain analysis
• Global market structure
• Complete mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as part of the customization.
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