DUBLIN, February 24, 2014 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/ghb74v/mechanical) has announced the addition of the "Mechanical Ventilators Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast to 2019" report to their offering.
Mechanical ventilators are a critical application in healthcare settings both in hospitals and home for the sustenance of efficient breathing in individuals suffering with acute respiratory conditions. The global market for mechanical ventilators has grown significantly over the past two decades and is characterized by technological innovation and increase in preference for non-invasive, portable and homecare ventilators. Rapid growth in aging population, increase in incidence of COPD (chronic obstructive pulmonary disease), rise in the incidence of respiratory emergencies and technological innovation in respiratory care devices are the major environmental factors that drive the mechanical ventilators market.
Increase in demand for technologically advanced mechanical ventilators has also resulted in shift in preference for the nature of disposables used in such devices such as catheters, swivels and connectors and the circuits these products are used in. Cost containment in the variety of disposable products used in ventilators coupled with the rise in demand of such products has led the growth in their bulk purchase. The global market for mechanical ventilators was worth USD 1,191.4 million in 2011, with the critical care mechanical ventilators segment dominating the total market.
On the other hand, tight budgetary constraints faced by ventilator manufacturers and healthcare service providers are the factors that currently hold back the growth of this market. Technical advances such as rapid innovation in the field of positive airway pressure (PAP) devices, portability and improvement in the battery life of transport and portable devices are the primary influencers in the mechanical ventilators market. The pressure on governments to explore avenues to improve health of the general population while simultaneously reducing financial burden is on the rise. As the number of ageing patients requiring long-term ventilation is increasing, the demand for healthcare facilities that can offer long-term treatment for chronic respiratory conditions is also growing.
The global market for mechanical ventilators is categorized on the basis of the types of ventilators namely, critical care, neonatal and transport and portable mechanical ventilators. Growth in preference for shifting patients to less intensive care zones with an intention to reduce hospital care costs has led to the growth in demand for non-invasive and portable mechanical ventilators. Transportation of patients that require mechanical ventilation possesses substantial risk. Change in the ventilation equipment and position of the patient play a significant role in changing patient condition. Situations such as hypoxemia or elevation in FiO2 concentration, hyperventilation may adversely affect patient outcome. Furthermore, transport ventilators need to be durable, portable and able to be operated on battery power or from oxygen pressure.
Key Topics Covered:
2 Executive Summary
3 Market Overview
4 Global Mechanical Ventilators Market Revenue, by Products, 2011 - 2019 (USD Million)
5 Global Mechanical Ventilators Market Revenue, by Geography, 2011 - 2019 (USD Million)
7 Company Profiles
- Acoma Medical Industry Co, Ltd
- Bio-Medical Devices International, Inc
- Bunnell, Inc
- CareFusion Corporation
- Covidien PLC
- Dräger Medical GmbH
- GE Healthcare Ltd
- Maquet GmbH & Co KG
- Philips Respironics, Inc
- Smiths Medical
- Teleflex Incorporated
For more information visit http://www.researchandmarkets.com/research/ghb74v/mechanical
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SOURCE Research and Markets