Asia Pacific Mechanical Ventilators Market Size to Witness Huge Growth by 2026

Besides, increasing number of ICU beds, rising adoption of ventilators in treating sleeping disorders and neurological diseases, and technological advancements are further adding momentum to the industry growth. Additionally, favorable government initiatives aimed towards improving healthcare infrastructure is strengthening the market outlook in Asia-Pacific. However, high cost of mechanical ventilators may negatively impact the business landscape during the forecast timeframe, cites the study.

Based on product type, the report claims that intensive care ventilators segment accounted for 84% share of APAC mechanical ventilators market in 2019 and is anticipated to witness modest growth in the forthcoming years, majorly driven by the upsurge in the number of Covid-19 patients at a critical stage.

In terms of interface type, non-invasive ventilation segment will record significant growth during the analysis period on account of factors such as cost efficiency, reduced breathing effort, along with better convenience and tolerance in comparison to invasive ventilation.

Moving on to ventilator type, the report cites that adult ventilators segment is estimated to record a yearly growth rate of 5% through 2026. Rising number positive Covid-19 cases among adults and increasing geriatric populace which are prone to several chronic diseases are boosting the segmental share.

Speaking of the application scope, resuscitation segment held largest market share in 2019. Increasing incidences of cardiopulmonary resuscitation across the region is supporting the segment growth.

Elaborating on the mode type, pressure mode ventilator segment was worth over USD 308.8 million in 2019, attributable to benefits such as longer duration of alveolar recruitment, increased mean airway pressure, protection from barotrauma, and improved work of breathing and patient comfort.

Considering the end-use spectrum, hospital segment generated the largest revenue in 2019 and was worth about USD 436.5 million. Escalating number of hospital admissions amidst the Covid-19 pandemic and increasing elderly population are fueling the segment growth.

Geographically, China mechanical ventilators market is slated to register a y-o-y growth rate of 6.6% through 2026, primarily due to rising burden of Covid-19 cases and rapid spread of the disease throughout the region. In fact, the China Health Commission, as of May 11th 2020, reported a total 82,901 confirmed cases with around 4,633 deaths, thereby accelerating the demand for ventilators in the nation.

Key players operating in Asia Pacific mechanical ventilators market are ResMed, VYAIRE Medical Inc., Getinge AB, Smiths Group plc, Koninklijke Philips N.V., Medtronic plc, Hamilton Medical, Fisher & Paykel Healthcare Ltd., Dragerwerk AG & Co. KGaA, and Air Liquide among others.

Questions & Answers: Asia Pacific Mechanical Ventilators Market

Q1: What are the key growth drivers of Asia Pacific mechanical ventilators market?

A: Increasing cases of Covid-19 in the region, rising preterm births, expanding elderly population, and growing prevalence of various respiratory conditions, diabetes and CVDs are driving the growth of Asia Pacific mechanical ventilators market.

Q2: How will China mechanical ventilators market expand during 2020-2026?

A: China mechanical ventilators market is slated to register a y-o-y growth rate of 6.6% through 2026.

Q3: Which are the leading organizations in Asia Pacific mechanical ventilators market?

A: Key players operating in Asia Pacific mechanical ventilators market are ResMed, VYAIRE Medical Inc., Getinge AB, Smiths Group plc, Koninklijke Philips N.V., Medtronic plc, Hamilton Medical, Fisher & Paykel Healthcare Ltd., Dragerwerk AG & Co. KGaA, and Air Liquide among others.

Complete Report At: https://www.marketstudyreport.com/reports/asia-pacific-mechanical-ventilators-market-statistics?utm_source=Marketwatch.com&utm_medium=AN

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