Global Mechanical Ventilator Market: Market Analysis by Knowledge Sourcing Intelligence

The global mechanical ventilator market is anticipated to grow at a CAGR of 4.41% over the end of the forecast period to reach a market size of US$2.368 billion by 2023 from US$1.908 billion in 2018. A mechanical ventilator is a breathing support system for patients having respiratory concerns. The mechanical ventilator (invasive or non-invasive) blows in the air and oxygen into the patient’s lungs. Prevalence of respiratory diseases is the major driver for the growth of the global mechanical ventilator market. Globally, it is estimated that 3.17 million deaths were caused by the disease in 2015 (Source: World Health Organization, WHO). Most of the sufferings from respiratory diseases are caused due to excessive smoking and is more prevalent amongst men than women. However, women from developed countries are prone to acute and chronic respiratory diseases due to excessive smoking. Chronic obstructive pulmonary disease (COPD) is one of the major respiratory diseases and with time becomes apparent. According to the WHO, COPD is likely to increase in the future due to the prevalence of high smoking. Also, the high prevalence of respiratory diseases is due to the presence of the elderly population. In addition, rising no. of accidents may lead to the use of mechanical ventilators and hence contribute towards the growth of the mechanical ventilator market. Prevalence of respiratory diseases is a major driver for the growth of the global mechanical ventilator market.
global mechanical ventilator market: market research by knowledge sourcing intelligence
Global Mechanical Ventilator Market Forecast

Global Mechanical Ventilator Market by Technique:
By technique, the global mechanical ventilator market is segmented as invasive and non-invasive. The popularity of non-invasive techniques of mechanical ventilation is growing rapidly on account of its ability to reduce hospital stay while simultaneously encouraging a better understanding of the role of ventilator pump failure. However, the growing prevalence of severe respiratory diseases is driving the adoption of invasive mechanical ventilation techniques globally.
The global mechanical ventilator market for non-invasive technique is projected to grow at a CAGR of XX%, to reach a market size of US$XX billion in 2023 from US$XX billion in 2017. 
The use of non-invasive mechanical ventilators has been increasing globally on account of its capability to significantly reduce the duration of hospital stay and a significant reduction in hospitality mortality. It is majorly used for patients with acute respiratory failure conditions and more specifically for acute exacerbation of chronic obstructive pulmonary disease (COPD). In fact, in Europe, the prevalence of clinically relevant COPD varies from 4%-10% of the adult population.

Global Mechanical Ventilator Market by Geography:
The North America mechanical ventilator market is projected to grow at a CAGR of X.XX% to grow to US$XX.XX billion in 2023 from US$XX.XX billion in 2017. The continuous effort by the government of the United States and Canada to provide access to healthcare services has been instrumental in ensuring timely treatment and improved quality of medical services. Simultaneously, the number of individuals with health concerns has been gradually increasing on account of growing unhealthy lifestyle. In fact, the number of visits to the emergency department in the United States increased from 129,843 thousand in 2010 to 136,943 thousand in 2015 (Source: National Hospital Ambulatory Medical Care Service 2015, National Hospital Ambulatory Medical Care Service 2010). The market research provides a detailed analysis of global mechanical ventilator market on the basis of the various segment like- by geography, by technique, by end-users, etc.
global mechanical ventilator market: market analysis by knowledge sourcing intelligence
Sample View of Global Mechanical Ventilator Market by Geography

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Increasing critical care admissions coupled with the increased ability of the people to spend on healthcare has helped the market to grow. 

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