Mechanical Ventilators Market, By Product Type (Critical Care Mechanical Ventilators, Neonatal Mechanical Ventilators, Transport, and Portable Mechanical Ventilators), By End User (Hospitals, Ambulatory Surgical Centers, Specialty Clinics, and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : May 2024

Code : CMI1605

Pages :155

Formats :

Excel and PDF

Industry : Medical Devices

Regional Analysis

Mechanical Ventilators Market Regional Insights

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North America remains the dominant region in the global genome engineering market and is estimated to hold 38.7% of the market share in 2024. The presence of leading medical device manufacturers, such as Medtronic, ResMed, and many others, has led to strong production capabilities and technological expertise in the region. Moreover, the large healthcare expenditure and presence of advanced healthcare infrastructure have ensured a huge demand for critical care equipment like mechanical ventilators. The U.S. alone accounts for over half the market size in the region attributable to the large patient population and demand for advanced respiratory care equipment.

The fastest growing region for the mechanical ventilators market is Asia Pacific excluding Japan. Several factors are contributing to the rise of APEJ. There is a large patient pool suffering from chronic respiratory diseases due to growing geriatric population, pollution, and changing lifestyles. This is generating increased needs for ventilators. Additionally, developing healthcare infrastructure and governments' priorities on non-communicable diseases are raising ventilator access. The presence of medical device manufacturing hubs in countries like China and India is also boosting local production.