As per the research report titled ‘Mechanical Ventilators Market Size By Product, By Interface, By Ventilator Type, By Application, By Mode, By End-use, Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026’ available with Market Study Report, global mechanical ventilators market is anticipated to register considerable growth during 2020-2026.
 

Rising demand for mechanical ventilators due to an increase in number of respiratory related cases amid COVID-19 pandemic is augmenting the growth of global mechanical ventilators market.
 

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Moreover, increasing prevalence of ailments such as loss of lung control are compelling numerous healthcare facilities and hospitals across the globe to adopt ventilators, which in turn is stimulating the overall market outlook.
 

For the uninitiated, mechanical ventilators are life support machines that help patients breathe when they are having difficulty in doing so after a surgery or due to any critical illness. The machines direct airflow into the patient’s lungs through a hollow tube that goes all the way to the trachea.
 

Based on product, the report states that the portable ventilator segment accounted for around USD 400 million in the year 2018 and is expected to grow significantly throughout the analysis timeframe.
 

With regards to interface, the invasive ventilation segment is estimated to register a robust CAGR of 17.5% through 2026.
 

Moving on to ventilator type, the neonatal ventilator segment was worth USD 300 million in the year 2018 and is anticipated to expand substantially during the study period.
 

Elaborating on the application spectrum of the market, the clinical application segment is predicted to exhibit a CAGR of 18% over 2020-2026.
 

Speaking of mode of ventilation, the combined mode segment reflected around USD 400 million in 2018 and is expected to grow considerably through the analysis period. Regarding the end-user landscape, the homecare segment was worth USD 500 million in 2018 and is estimated to attain significant expansion through 2026.
 

Regionally, Latin America mechanical ventilators market accounted for around USD 87 million in the year 2018 and is projected to register a CAGR of 9.5% during 2020-2026.
 

On the other hand, the report states that Middle East & Africa mechanical ventilators market was worth USD 97 million in 2018 and is anticipated to grow with a 16.5% CAGR through 2026.
 

The major players of worldwide mechanical ventilators market are Carl Reiner GmbH, Allied Healthcare Products, Inc., Skanray Technologies Pvt. Ltd., General Electric Company (GE), Cardinal Health, Inc., Bio-Med Devices Inc., SCHILLER AG, ZOLL Medical Corporation, ACOMA Medical Industry Co., Ltd., Shenzhen Mindray Bio-Medical Electronics Co., Ltd., ResMed, Vyaire Medical, Inc., Getinge AB, Smiths Group plc, Koninklijke Philips N.V., Medtronic plc, Hamilton Medical, Inc., Fisher & Paykel Healthcare Corporation Limited, Draegerwerk AG & Co KGaA, and Air Liquide S.A. among others.