The Mechanical Ventilators Market was valued at $6.89 billion in 2020. Growing at a high CAGR of more than 6.1% between 2021 and 2031, it is estimated to reach $13.4 billion by 2031. But due to the current COVID-19 pandemic, there might be a slight difference in the growth rate in the present year. The high incidences of COVID-19 cases have led to a huge gap between supply and demand of the mechanical ventilators to such an extent that the automotive and the other industrial equipment manufacturers have to step in so that the supply of these life-saving devices can be increased.
Mechanical Ventilators Market Is Estimated To Witness Remarkable Growth
Source: SAI Research
The Mechanical Ventilators Market has been segmented into products. On the basis of product Mechanical Ventilators Market has been segmented into By Product – Ventilators (Critical Care Ventilators, Neonatal, Transport & Portable Ventilators, Others), Accessories (Breathing Circuit Sets, Flow Sensors, Endotracheal Tubes, Masks, Others. By Geography – North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.) - Industry analysis, size, share, growth, trends and forecast, 2021 – 2031
The Major Players in Mechanical Ventilators Market
Some of the key players in the Mechanical Ventilators Market include Getinge AB, Vyaire Medical Inc., Medtronic, Drägerwerk AG & Co. KGaA, GE Healthcare, Koninklijke Philips N.V., Smiths Group plc, Hamilton Medical, ResMed Inc., Ventec Life Systems.
The Global Mechanical Ventilators Market Has Been Segmented Into:
Global Mechanical Ventilators Market, By Product
Global Mechanical Ventilators Market, By Region