LAMEA Mechanical Ventilator Market Size, Share & Industry Trends Analysis Report By Product Type, By Age Group, By Component (Devices and Services), By Mode, By End User, By Country and Growth Forecast, 2021 - 2027
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Get in-depth analysis of the COVID-19 impact on the LAMEA Mechanical Ventilator Market
Market Report Description
The Latin America, Middle East and Africa Mechanical Ventilator Market would witness market growth of 17.0% CAGR during the forecast period (2021-2027).
Tuberculosis (TB) is one of the top 10 causes of death and the leading cause from a single infectious agent. Post-TB effects include chronic obstructive pulmonary disease, bronchiectasis, and pneumonia among others. Lung cancer (LC) is one of the most common cancers and the major cause of cancer mortality in the world. For instance, according to the World Health Organization (WHO) in 2020, above 2.2 million lung cancer cases were diagnosed with 1.8 million deaths worldwide.
The current demand for critical care equipment is very high due to the rising number of patients requiring urgent care. The existing healthcare infrastructure present worldwide is unable to meet the increasing demands and hence requires upgrading. Most of the healthcare facilities are focusing on improving the healthcare infrastructure and are investing massively on the same. Majority of the key market players are focusing on expanding their current production capacities, realizing the exponential demand for these devices due to the outbreak of the COVID-19 pandemic.
Middle East has lower asthma rates than developed countries, as a total asthma rate of 7.57% was reported among 13–14-year-old children, and 7.43% among 6–7-year-old children. This also showed that the prevalence of asthma was higher among males. Baghdad, Iraq had the highest prevalence rate (22.3%), while Isfahan, Iran had the lowest (0.7%).
Large metropolitan areas are usually hotspots for air pollution case studies since they concentrate both industrial activity and transport (the main sources) along with a high density of people who might suffer from it. Sao Paulo is one of these metropolises, having undergone rapid growth in the second half of the 20th century from around 1 million to over 22 million inhabitants. Sao Paulo’s simultaneous urban expansion meant residential and industrial areas often coincided, leading to many complaints in the 60s and 70s. The rising air pollution would lead to the respiratory disorder. Thus, the demand of Mechanical ventilator will rise.
The Brazil market dominated the LAMEA Mechanical Ventilator Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $232 million by 2027. The Argentina market is estimated to witness a CAGR of 17.6% during (2021 - 2027). Additionally, The UAE market would showcase a CAGR of 16.7% during (2021 - 2027).
Based on Product Type, the market is segmented into Intensive Care Unit/Critical Care, Transport/Portable/Ambulatory, and Neonatal Care. Based on Age Group, the market is segmented into Adult, Geriatric, and Pediatric & Neonatal. Based on Component, the market is segmented into Devices and Services. Based on Mode, the market is segmented into Invasive Ventilation and Non-invasive Ventilation. Based on End User, the market is segmented into Hospital & Clinic, Ambulatory Surgical Center, Home Care, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Mechanical Ventilator Market is Predict to reach $11.7 Billion by 2027, at a CAGR of 12.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include General Electric (GE) Co. (GE Healthcare), Koninklijke Philips N.V., Medtronic PLC, Dragerwerk AG & Co. KGaA, Getinge AB, Asahi Kasei Corporation (Zoll Medical Corporation), Hamilton Medical AG (Hamilton Bonaduz AG), Carl Reiner GmbH, Mindray Medical International Limited, and Vyaire Medical, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Product Type
- Intensive Care Unit/Critical Care
- Transport/Portable/Ambulatory
- Neonatal Care
By Age Group
- Adult
- Geriatric
- Pediatric & Neonatal
By Component
- Devices
- Services
By Mode
- Invasive Ventilation
- Non-invasive Ventilation
By End User
- Hospital & Clinic
- Ambulatory Surgical Center
- Home Care
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- General Electric (GE) Co. (GE Healthcare)
- Koninklijke Philips N.V.
- Medtronic PLC
- Dragerwerk AG & Co. KGaA
- Getinge AB
- Asahi Kasei Corporation (Zoll Medical Corporation)
- Hamilton Medical AG (Hamilton Bonaduz AG)
- Carl Reiner GmbH
- Mindray Medical International Limited
- Vyaire Medical, Inc.
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