Selbyville, Delaware, Sept. 02, 2020 (GLOBE NEWSWIRE) -- As per credible estimates, North America mechanical ventilators market is expected to amass USD 500 million by the year 2026. This growth is credited to rapidly spreading COVID-19 infection, increasing healthcare expenditure, and technological advancements along with surge in number of critical care/ICU beds.
As per the given report, North America mechanical ventilators market is divided with respect to ventilator type, product, mode, interface, application spectrum, end-use scope, and regional landscape. It also mentions the competitive arena of the market along with products offered and market share held by each leading player.
Rising elderly population who are more susceptible to chronic diseases like cardiovascular diseases, diabetes, and chronic respiratory emergencies is projected to foster the demand for mechanical ventilators in North America. However, hefty cost of devices may impede the market growth to some extent.
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Analyzing product terrain:
Intensive care segment was worth USD 650.4 million in 2019 and is slated to grow substantially in the forthcoming years. Increasing cases of COVID-19 across the country are putting the healthcare system into strain, thereby boosting the demand for intensive care ventilators for surging number of critically ill patients.
Speaking of interface:
North America mechanical ventilators market share from non-invasive segment is anticipated to record a substantial growth in the ensuing years. These systems offer benefits such as cost effectiveness, reduced breathing efforts, and better convenience & tolerance as compared to invasive ventilation.
Outlining ventilator type:
Adult ventilators segment was remunerated at USD 692.2 million in 2019 and is projected to expand rapidly over the forecast timespan. Growing elderly population prone to chronic diseases like diabetes, cardiovascular disease, and respiratory ailments, in consort with surging cases of coronavirus among the seniors are contributing to the segmental share.
Analyzing application spectrum:
Resuscitation segment held majority share of North America mechanical ventilators market in the year 2019. The dominance can be attributed to rising cardiopulmonary resuscitation instances across the region.
Summary of mode type:
Industry analysts claim that pressure mode ventilator segment was worth USD 381.1 million in 2019 and is expected to expand further on account of its feature of reducing breathing efforts for patient. Other benefits such as better patient & ventilator synchrony, reduced cardiovascular effects, and improved patient comfort are projected to influence the market size.
Considering end-use scope:
Hospital segment accounted for major revenue share in the year 2019 and is anticipated to depict a similar growth pattern in the upcoming years. The drastic rise in hospital admissions due to increasing corona virus cases across the country is accelerating the market growth.
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Assessing the regional landscape:
Citing the geographical hierarchy, the U.S. mechanical ventilators market was worth USD 724.5 million in 2019 and is expected to showcase decent growth over the analysis period. The regional growth is attributable to rising instances of COVID-19 and subsequent increase in hospital admissions.
North America Mechanical Ventilators Market by Product Type (Revenue, USD Million, 2015-2026)
Portable Ventilators
Intensive Care Ventilators
·Basic-end
·Mid-end
·High-end
North America Mechanical Ventilators Market by Interface (Revenue, USD Million, 2015-2026)
Non-invasive Ventilation
·APAP
·BPAP
·CPAP
·Others
Invasive Ventilation
North America Mechanical Ventilators Market by Ventilator Type (Revenue, USD Million, 2015-2026)
·Neonatal Ventilators
·Adult Ventilators
North America Mechanical Ventilators Market by Application Spectrum (Revenue, USD Million, 2015-2026)
- Emergency/Transport
- Homecare Applications
- Resuscitation
- Clinical Applications
- Anesthesiology
- Sleep Apnea Therapy
- Others
North America Mechanical Ventilators Market by Mode (Revenue, USD Million, 2015-2026)
- Control Mode Ventilator
- Combined Mode Ventilator
- Pressure Mode Ventilator
North America Mechanical Ventilators Market by End-use Scope (Revenue, USD Million, 2015-2026)
·Homecare
·Ambulatory Surgical Centers
·Hospitals
- Others
North America Mechanical Ventilators Market Regional Landscape (Revenue, USD Million, 2015-2026)
- Canada
- US
North America Mechanical Ventilators Market by Competitive Hierarchy (Revenue, USD Million, 2015-2026)
·Allied Healthcare Products, Inc.
·General Electric Company
·Cardinal Health
·Bio-Med Devices, Inc.
·SCHILLER Healthcare
·ZOLL Medical Corporation
·Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
·ResMed
·Vyaire Medical, Inc.
·Getinge AB
·Smiths Group plc
·Koninklijke Philips N.V.
·Medtronic plc
·Hamilton Medical
·Fisher & Paykel Healthcare Limited
·DrÄgerwerk AG & Co. KGaA
·Air Liquide S.A.
Neonatal Ventilators Market Size, Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 - 2025
Neonatal Ventilators Market will exceed USD 466.1 million by 2025, as per a new research report. Growing number of preterm births along with neonates’ respiratory malfunctions will boost neonatal ventilator industry growth worldwide. Advents in technologies pertaining to airway interfaces for neonates should further augment industry expansion. Increasing popularity of this setting in developed countries will strongly drive demand of neonatal ventilators. During the forecast period, increasing number of ambulatory centers should attribute to industry growth.
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