Increasing Prevalence of Respiratory Diseases Drives the Mechanical Ventilators Market, 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 markets. Global market for Mechanical Ventilators is projected to reach US$3.9 billion by 2018, driven by high prevalence of respiratory ailments, increasing popularity of homecare ventilation, aging global population and technological advancements.

Mechanical Ventilators: A Global Strategic Business Report

Mechanical ventilation primarily refers to mechanical breathing provided to patients who are unable to do so naturally owing to certain medical conditions. Technological advancements over the years have resulted in significant innovations at the product front. Advances in product technologies are realizing the opportunity of providing ventilation not only in critical care setting but also in sub-acute care and home care settings. Traditional invasive products are making way for more portable and non-invasive products, a trend that is exhibiting tremendous growth prospects with regard to improving convenience to patients and reducing healthcare costs.

Non-invasive ventilation is increasingly becoming a standard of care in several healthcare institutions worldwide. Major factors driving the adoption of non-invasive ventilators include inherent benefits such as reduced infection risk, patient’s ability to swallow and speak and minimized need for sedation. Invasive ventilation, meanwhile, is being limited for use only in cases when a patient faces compliance issues with the non-invasive option. Against the backdrop of rising incidence of COPD, the need for ventilation to help patients gain relief from acute exacerbations in respiratory failure is also increasing. This in turn translates to significant demand for ventilators worldwide. With some cases requiring long-term treatment to manage the condition, demand would be particularly strong for non-invasive ventilators.

Combination ventilation products with invasive and non-invasive options provide the benefits of the two technologies in one product. Despite the clear advantages, their adoption remains largely dissimilar worldwide. While these products are well embraced by the developed markets, their adoption remains significantly lower in emerging markets, such as in Asia-Pacific. The marked variance in adoption patterns reflects the development of healthcare systems in these markets. With the objective of providing only basic care, healthcare systems in most parts of Asia-Pacific remains under-developed, and hence lower adoption of combination ventilation systems. However, with cost-reduction objectives at the forefront of the advanced healthcare systems in the Western markets, the adoption of these cost saving systems is much higher in the US and Western Europe.

As stated by the new market research report on Mechanical Ventilators, the US represents the single largest regional market worldwide. Manufacturers operating in the US market have been adopting strategies such as product innovation to improve pricing and product line extension to increase their market share. This has resulted in the introduction of better and technically advanced products at lower costs. North America and Western Europe represent relatively mature markets, while Asia-Pacific, East Europe, and Latin American regions show potential for growth. Asia-Pacific represents the fastest-growing regional market with dollar sales projected to grow at a compounded annual rate of 9.5% over the analysis period.

Critical Care represents the largest market segment in terms of dollar sales. However, growth in the market will be spearheaded by portable ventilators. The cost benefits associated with portable ventilators along with significant technological advancements are expected to drive their demand in the coming years.

Major players covered in the report include Bio-Med Devices Inc., CareFusion Corporation, Covidien, Dräger Medical GmbH, eVent Medical Inc., F Stephan GmbH Medizintechnik, GE Healthcare, HAMILTON MEDICAL AG, MAQUET GmbH & Co. KG and Philips Respironics 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 in US$ for product segments – Critical Care, Neonatal, Transport, Portable and Non-Invasive Mechanical Ventilators across all major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America) and Rest of World.

For more details about this comprehensive market research report, please visit –

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.
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