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(Health-NewsWire.Net, September 15, 2015 ) Portland, OR -- Medical ventilation is a form of breathing assistance in which a patient is connected to a ventilator through an endotracheal tube directly applied to the airway. The mechanical ventilator helps patients to breathe for as long as they are unable to breathe on their own. Increasing incidences of chronic diseases, growing aging population and increase in respiratory disorders results in the substantial requirement of mechanical ventilators. The report critically analyzes the key products available in the market and the products that are under development. The top factors influencing the market have been strategically dealt with; this would assist stakeholders in making strategic decisions. Rapid technological innovation and prevalence of chronic disorders are some key factors affecting the market growth. These factors would help stakeholders understand the potential opportunities present in the mechanical ventilator market.
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Mechanical ventilators help keep the patient alive in case of serious injuries which temporarily affect breathing. The growing preference for portable and homecare ventilators drives the market growth. The advancements in non-invasive ventilation technology help the mechanical ventilator service providers increase their market share. The availability of improved healthcare infrastructures and adoption of new technology also results in the growth of the mechanical ventilator market. However, the mechanical ventilator service is not cost effective; this factor might adversely affect the market growth.
Mechanical Ventilator Market Analysis by Products
The mechanical ventilator market is segmented based on its types; this includes transport ventilator, intensive-care ventilator, neonatal ventilator and positive airway pressure ventilator. Intensive-care mechanical ventilators are the most widely used type of ventilator and hold the dominant share in the mechanical ventilator market. Technological innovation, rising incidences of chronic and pulmonary diseases and growing aging population results in the rising demand for intensive care ventilators. Non-invasive ventilators are specially designed for critically ill patients suffering from respiratory failure, congestive cardiac failure patients and newborn infants. The non-invasive ventilators market is expected to grow in the near future due to rising incidences of heart failure and increasing incidences of other critical diseases.
Mechanical Ventilator Market Analysis by Geography
The mechanical ventilator market is segmented into North America, Europe, Asia-Pacific, and Latin America, Middle East and Africa (LAMEA). North America is the highest revenue generating region due to growing aging population, large number of cases of chronic diseases and wide acceptance of the new technology amongst patients. Asia Pacific region is expected to grow due to the improvement in healthcare technology, increasing need for breathing assistance among patients and economic development of the region. Various government policies and growing healthcare expenditure in developing regions would impact the market growth of mechanical ventilators.
Competitive Landscape
Companies are adopting several development strategies to increase their market share in the mechanical ventilator market. Innovation and development of new technologies in the healthcare sector would help mechanical ventilator manufacturers to increase their market share. Most of the companies are trying to explore the opportunities in developing economies; therefore, they are adopting agreement and acquisition as key strategies. Product launch is another strategy used by various companies to retain their position in the mechanical ventilator market. Smiths Medical, Philips Respironics,Inc., Maquet GmbH & Co. KG, Covidien PLC and Draeger Medical GmbH, are the key market players in the mechanical ventilator market.
HIGH LEVEL ANALYSIS
The report analyzes the potency of buyers and suppliers, threat of substitute products and new entrants based on Porters Five Force model. The threat of substitutes is low due to unavailability of an alternative mode of ventilation. The bargaining power of buyers is low due to unavailability of a cost effective alternative solution to mechanical ventilation. Artificial lungs could be an alternative mode of ventilation; however patients are avoiding these alternatives due to their exorbitant price. The bargaining power of buyers is high due to rising incidences of chronic and respiratory diseases resulting in the increased demand for mechanical ventilators. Due to existing market conditions, the rivalry is intense among the market players. Threat of new entrants is high as the market is very attractive in terms of growth. The key investment pockets are analyzed based on the market estimations of each segment.
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KEY BENEFITS
In-depth analysis of various regions would enable an understanding of the trends in various regions so that companies can make region specific plans
Comprehensive analysis of the factors that drive and restrain the growth of the mechanical ventilator market are provided
Key regulatory guidelines for the mechanical ventilator market are critically dealt with according to geography
Market estimations are made according to the present market scenario of the mechanical ventilator market
Deep dive analysis of various regions provides insights that would allow companies to strategically plan their business moves
Detailed discussion of the supply chain participants of the mechanical ventilator market is provided in value chain analysis
Big Market Research
James Jordan
+ 1-503-894-6022
james@bigmarketresearch.com
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