Global Mechanical Ventilators Market to Reach US$3.6 Billion by 2017, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Mechanical Ventilators market. Global Mechanical Ventilators market is projected to reach US$3.6 billion by the year 2017, driven by increasing world population; rising incidence of respiratory ailments such as COPD and bronchitis; and increasing industrialization in developing countries. The market is also witnessing significant technological advancements that are propelling revenue growth globally.

Mechanical Ventilators: A Global Strategic Business Report

Follow us on LinkedIn - Though ventilators is a mature market in industrialized regions such as the US and Western Europe, continued increase in incidence of respiratory disorders and diseases, indicates that this market is unlikely to peter out anytime in the near to far future. There is a clear change in profile of end-users, stemming now from emerging economies, demanding cost-efficient equipment and unmatched post-sales services. While ventilator equipment makers are shifting focus towards growing markets, there exists room to provide improved services to customers in mature markets where ‘services’ has emerged as a key factor to choose a ventilator provider. Ventilator market is witnessing development of advanced technologies such as Synchronized Intermittent Mandatory Ventilation (SIMV), adaptive servo ventilation (ASV), and Proportional Assist Ventilation (PAV). Additionally, producers are developing ventilator models that suit all types of patients and at any given location setting. The latest models feature abilities such as multi-modality, latest graphic enabled monitors, patient friendly technology, and non-invasive options.

As stated by the new market research report on Mechanical Ventilators, the US continues to remain the single largest regional market. Manufacturers operating in the US have been adopting strategies such as product innovation and product line extension to increase market share. While North America and Western Europe represent relatively mature markets, Asia-Pacific, Eastern Europe, and Latin American regions show strong potential for growth. Asia-Pacific represents the fastest growing regional market displaying a CAGR of about 8.1% over the analysis period, driven by growing economies, increasing purchasing power, and rising awareness levels. Product wise, Critical Care Ventilators represent the largest segment, while Portable ventilators represents the fastest growing product segment displaying a CAGR of 6.7% over the analysis period. Portable ventilators are compact, lightweight mechanical ventilators that provide freedom to patients to be mobile, and flexibility to healthcare providers to carry patients from one location to another in a hospital or long-term care setting.

Maquet, a Getinge company, represents the undisputed leader in the global ventilators market. Trailing behind are Dräger Medical and Covidien. Major players in the marketplace include Acoma Medical Industry Co., Ltd. Bio-Med Devices, Inc., Carefusion, Covidien, Dima Italia S.r.l., Dräger Medical, eVent Medical, Inc., F Stephan GmbH Medizintechnik, GE Healthcare, MAQUET GmbH & Co. KG, O-Two Medical Technologies, Inc., Philips Respironics, Inc., SensorMedics SLE Ltd., Smiths Medical, Spacelabs Healthcare, Inc. among others.

The research report titled “Mechanical Ventilators: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of trends, issues, strategic industry activities, and profiles of major companies worldwide. The report provides market estimates and projections (US$ Million) for product segments Critical Care, Neonatal, Transport, Portable, and Non-Invasive, across geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, and Rest of Europe), Asia-Pacific (excluding China), China, Latin America, and Rest of World.

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 leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

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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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