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North America Mechanical Ventilators Market Research Report - Segmented By Product Type , Mode, End User & Country (U.S, Canada & Rest of North America) - Industry Analysis, Size, Share, Growth, Trends, & Forecasts (2023 to 2028)

Published: March, 2023
ID: 6647
Pages: 145
Formats: report pdf report excel report power bi report ppt

North America Mechanical Ventilators Market Size & Growth (2023 to 2028)

As per the research report, the size of the North America Mechanical Ventilators Market is valued at USD 1.18 Billion in 2023 and estimated to be growing at a CAGR of 15.86%, to reach USD 2.47 Billion by 2028 during the forecast period 2023 to 2028.

The growing prevalence of chronic respiratory diseases across North America majorly drives the need for mechanical ventilators and propels the North American market growth. Approximately 34 million Americans suffer from chronic conditions. Notable chronic respiratory ailments include lung cancer, asthma, and chronic obstructive pulmonary diseases. Mechanical ventilators represent a vital medical equipment category, serving to deliver essential breathing assistance to critical patients. These devices facilitate air movement in and out of the lungs, performing critical functions like oxygenation, carbon dioxide elimination, and maintenance of lung air sac integrity. Moreover, the rising number of surgeries necessitated by chronic conditions contributes to market expansion. Healthcare practitioners rely on mechanical ventilators during surgeries to avert adverse outcomes, addressing potential complications like sudden cardiac events and excessive bleeding.

The growing aging population and the increased incorporation of mechanical ventilators within hospital setups across North America further fuel the growth rate of the mechanical ventilators market in North America. The elder patient segment is increasingly seeking intensive care, often complemented by mechanical ventilator support. Ventilator setups are now common even for patients above 80 years old, spanning various age groups and critical scenarios. Consequently, hospitals are proactively embracing mechanical ventilator adoption across their different wards equipped with suitable bed capacities.

The growing number of ongoing advancements in advanced mechanical ventilator development supports the regional market growth. Manufacturers are prioritizing the incorporation of advanced features into ventilator setups, enhancing real-time patient status monitoring during and post-surgery. Increased research and development investments, robust backing from healthcare organizations, and expanding reimbursement policies collectively contribute to propelling the regional market growth.

The high costs associated with ventilator setups and mechanical devices primarily hamper the growth of the North American market growth. Lack of skilled workforce limited public awareness, intricate interfaces, elevated maintenance costs, protracted novel device approval timelines and the challenge of refurbished goods availability further impede the North American market growth.

This research report on the North America Mechanical Ventilators Market has been segmented and sub-segmented into the following categories:

By Product Type:

  • Critical Care
  • Neonatal Intensive Care
  • Portable
  • Transport

By Mode:

  • Invasive
  • Non-invasive

By End User:

  • Hospitals
  • Trauma Centres
  • Home Healthcare

By Country:

  • U.S
  • Canada
  • Rest of North America

The North American region accounted for the largest share of the global market in 2022 and the domination of the North American region is likely to continue throughout the forecast period owing to the presence of advanced healthcare infrastructure, increasing healthcare expenditure and rising demand for mechanical ventilators emerged due to elevated respiratory challenges among affected individuals due to COVID-19 pandemic. The U.S. market is anticipated to account for the major share of the North American market during the forecast period owing to the presence of key industry players and a burgeoning manufacturing landscape. Manufacturers are strategically aligning efforts towards crafting cost-effective and high-quality mechanical ventilators. Regulatory initiatives have been undertaken to enhance mechanical ventilator approvals, mitigating potential operational discrepancies. Canada is expected to hold a substantial share of the North American market in the coming years. Factors such as the expansion of smart hospitals and amplified investments in advanced medical devices by healthcare institutions drive the growth of the Canadian market

Companies playing a dominant role in the North America Mechanical Ventilators Market profiled in this report are Dragerwerk AG & Co. KGaA, ResMed, Philips Healthcare, Medtronic Plc, GE Healthcare, Getinge Group, Smiths Medical, Fisher and Paykel Healthcare Limited, Dickinson and Company, Becton, and Hamilton Medical AG.

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FAQ's

What factors are contributing to the growth of the mechanical ventilators market in North America?

Factors such as an aging population, rising prevalence of respiratory diseases, advancements in technology leading to improved ventilator designs, and increased awareness about critical care are driving the growth of the mechanical ventilators market in North America.

Which countries in North America are major contributors to this market?

The United States and Canada are the primary contributors to the mechanical ventilators market in North America due to their robust healthcare infrastructure and high healthcare spending.

What are some technological trends influencing the market?

Trends include the integration of artificial intelligence for improved patient-ventilator synchronization, portable and compact ventilators for enhanced mobility, and the development of smart ventilators with remote monitoring capabilities

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