Global Mechanical Ventilators Market to Exhibit Growth at 5.2% CAGR through 2022, Predicts KBV Research in Its Study Available at MarketPublishers.com27 Feb 2017 • by Natalie Aster
LONDON – Revenues of the world’s mechanical ventilator market is predicted to reach USD 3.7 billion by the year 2022, registering increase at a 5.2% CAGR in the next 5 years. Among all the products, the biggest share of the overall market is predicted to be held by intensive mechanical ventilators.
Robust growth in the world’s mechanical ventilator market is spurred by a number of factors, including increasing number of old population and remarkable technological advancements, amid others. Continuous technological progress resulted in the introduction of new generation of machines with new variants in ventilation modes, designed primarily for patients’ comfort.
However, some factors could hamper further growth in the global mechanical ventilator market such as high cost of intensive care units. But, governmental bodies together with healthcare officials make attempts to solve this problem.
Top participants in the market include Mindray Medical International Limited, Smiths Group, Becton Dickinson and Company, General Electric, Drager, Medtronic, Getinge Group and Koninklijke Philips N.V.
The new report “Global Mechanical Ventilators Market (2016-2022)” by KBV Research highlights the current situation in the major geographical markets for mechanical ventilators as well as discusses the major market development trends. It contains trustworthy data on the market performance, dynamics, segmentation, shares and major influencing forces. The study points out top challenges and opportunities, touches upon competitive pressures, profiles dominant companies, presents a detailed market assessment on the basis of regions, product types, modes of ventilation and end-users. In addition, a future outlook for the mechanical ventilators market through 2022 is at hand in this report.
For a full list of research studies prepared by the publisher follow to the KBV Research page at MarketPublishers.com.