Mechanical Ventilators Market Expected To Expand At A CAGR Of 6.6% For The Projected Period From 2019-2026: Grand View Research Inc.
San Francisco, 9 July 2019: The Report Mechanical Ventilators Market Size, Share & Trends Analysis Report By Product (Critical Care, Neonatal, Transport & Portable), By Region (Latin America, North America, APAC, Europe, MEA), And Segment Forecasts, 2019 – 2026 The global mechanical ventilators market size is expected to reach USD 7.13 billion by 2026 registering a CAGR of 6.6%, according to a new report by Grand View Research Inc. Growing geriatric population and technological innovation in respiratory care devices are the major factors driving the market. Moreover, increasing incidence of Chronic Obstructive Pulmonary Disease (COPD) and respiratory emergencies is contributing to the market expansion. On the other hand, budgetary constraints faced by the ventilator manufacturers and healthcare may impede this growth. However, innovations in the field of Positive Airway Pressure (PAP) devices and improvement in battery life of transport and portable devices are projec