Mechanical Ventilators Market to Reach $1.18 Billion by 2012, According to a New Report by Global Industry Analysts, Inc.
GIA announces the release of a comprehensive global report on Mechanical Ventilators market. Factors fueling growth in the global mechanical ventilators market include demand for replacement equipment and portable ventilators in mature markets and availability and demand for new low-cost ventilators in emerging markets. The emerging Asia-Pacific and Latin America regions are among the fastest growing geographic markets, while well-developed markets such as the US, Europe and Japan indicate potential for moderate growth.
San Jose, CA (PRWEB) June 25, 2009 -- The global Mechanical Ventilators market crossed the US$1 billion landmark and is poised to grow modestly over the coming years. Of key interest is the trend in the emerging markets for purchase of new, low-cost equipment and the expanding hospital, and in them the intensive care units, base. Driven by this, the Latin American market is forecast to grow the fastest between 2009 and 2015, as Asia-Pacific trails closely over the same years. Elsewhere, established, mature markets including the US and Western Europe would continue to grow, as portable and transport ventilators gain traction to address needs of emergency and home care settings. While in the US, hospitals are facing pressure to control cost of healthcare and increase hospital beds, in Europe, the need to decrease length of hospital stay is increasing, which, in all, bodes well for the portable ventilators segment.
The United States is the largest market worldwide, and Europe the second largest. In terms of segments, Critical Care Ventilators represents the largest segment while the fastest growing product segment is expected to be Portable ventilators.
The report titled "Mechanical Ventilators: A Global Strategic Business Report" announced by Global Industry Analysts, Inc., covers key players such as Maquet (a Getinge company), Dräger Medical, Covidien, Cardinal Health, Philips Respironics, Puritan Bennett, GE Healthcare, Acoma Medical Industry, Bio-Med Devices, Breas Medical, Bunnell, Sechrist Industries, Dima Italia, eVent Medical, F Stephan, Pulmonetic Systems, Hamilton Medical, Bird Products, Impact Instrumentation, Newport Medical, Smiths Medical, Spacelabs Healthcare, O-Two Medical, Kimura Medical, SLE, Teleflex Medical, SensorMedics, and Intermed Equipamento Medico Hospitalar.
For more details about this comprehensive market research report, please visit - http://www.strategyr.com/Mechanical_Ventilators_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 800 people worldwide and publishes more than 1100 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press (at) StrategyR (dot) com
Web Site http://www.StrategyR.com/
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