Global Mechanical Ventilator Market (2020 to 2027) - Size, Share & Trends Analysis Report - ResearchAndMarkets.com
Critical care ventilators are expected to account for 39.0% of the market share by 2026 owing to the rising critically ill COVID-19 patient population, technological advancements such as Spontaneous Breathing Trial (SBT), AutoTrak, and reporting software that influence better care provision
- Critical care ventilators are expected to account for 39.0% of the market share by 2026 owing to the rising critically ill COVID-19 patient population, technological advancements such as Spontaneous Breathing Trial (SBT), AutoTrak, and reporting software that influence better care provision
Transport and portable ventilators are expected to witness a lucrative CAGR of over 4.4% over the forecast period. - Hospitals are promoting use of portable breathing machines to provide faster and continuous care to patients even prior to their arrival on the premises.
- This growth is due to the presence of untapped opportunities, rising expenditure level, and the introduction of favorable government initiatives
Medtronic, by the end of June, plans to boost production nearly fivefold to more than 1,000 ventilators per week. - It is expected to curb the breathing machine shortage in the U.S. Additionally, the U.S. automotive giants like Tesla, Ford, and GM have switched to the production of medical supplies such as masks and breathing machines.