Home / Press Release / Global Mechanical Ventilators Market Expected To Reach US$ 1,532.5 Mn By 2026

Global Mechanical Ventilators Market Expected To Reach US$ 1,532.5 Mn By 2026

The latest market report published by Credence Research, Inc. “Mechanical Ventilators Market Growth, Future Prospects, and Competitive Analysis, 2018 - 2026” the mechanical ventilators market was valued at US$ 779.5 Mn in 2017 and expected to reach US$ 1,532.5 Mn by 2026 at a CAGR of 7.9% during the forecast period from 2018 to 2026.

Browse the full report Mechanical Ventilators Market Growth, Future Prospects, and Competitive Analysis, 2018 - 2026 at  https://www.credenceresearch.com/report/mechanical-ventilators-market

Market Insights

The global mechanical ventilators market exhibits lucrative growth during the forecast period from 2018 to 2026 attributed to technological advances in mechanical ventilators and increasing prevalence of airway diseases across the world. Technological advances in mechanical ventilators such as portable and non-invasive mechanical ventilators are attaining higher momentum in home care settings. Ventilators have advanced from basic or simple machines to complex, electronic, micro-processing engines with improved capabilities and options/features. The mode options such as volume-based and pressure-based designed to accomplish the pulmonary needs of the critically ill & anesthetized patients. The advent of next-generation sensors, pneumatic components, and single chip-solutions is improving the efficiency of the device. Additionally, rapid innovation in the field of portability, positive airway pressure (PAP) devices, and improvement in battery life of portable or transportable devices are assisting in the market growth. On the contrary, complications associated with the use of ventilators such as ventilator-associated pneumonia, airway injury, pneumothorax, alveolar damage, diaphragm atrophy, decreased cardiac output, and oxygen toxicity anticipated to hinder the market growth during the forecast period. Furthermore, rising prevalence of airway diseases such as chronic obstructive pulmonary disease (COPD), asthma, bronchitis, and other lung diseases like tuberculosis (TB), pleural effusion, pulmonary fibrosis, and cystic fibrosis (CF) anticipated fueling the demand for mechanical ventilators in near future. For instance, The World Health Organization (WHO) reported that nearly 65.0 million patients were suffering from the COPD in 2005 rose to more than 174.0 million in 2015, to 251.0 million cases in 2016 across the globe.

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