According to a research report titled ‘North America Mechanical Ventilators Market Size By Ventilator Type, Mode, Product, Interface, Application, By End-use, Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2020 - 2026’, available with Market Study Report, North America mechanical ventilators market is expected to surpass a valuation of USD 500 million by the year 2026.
 

Expanding elderly population base which are highly susceptible to various diseases, along with rising prevalence of chronic disorders such as diabetes, CVDs, and chronic respiratory emergencies are fueling the growth of North America mechanical ventilators market. Technological advancements in tandem with increasing investments in healthcare are expected to add considerable traction to the industry expansion. Moreover, increasing favorable government initiatives in emerging nations are rendering a positive impact on the business landscape.
 

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On the contrary, high cost of mechanical ventilators may negatively impact the industry. However, increasing prevalence of Covid-19 across the region, the healthcare industry has witnessed an upsurge in the demand for mechanical ventilators for treating critically ill patients.
 

Based on product type, intensive care ventilators segment accounted for majority revenue share of North America mechanical ventilators market in 2019 with a valuation of 650.4 million and will continue to grow with the same pace in the upcoming years. Rising burden of Covid-19 cases across the region with over 30% of patients in the U.S. admitted in ICU drives the segment growth. Lack of devices to handle the escalating number of critically ill patients is augmenting the product demand.
 

In terms of interface, non-invasive ventilation segment generated the highest revenue in 2019 and is anticipated to follow similar growth trends in the forthcoming years. Benefits like cost efficiency, reduced breathing load, higher tolerance, and convenience as compared to invasive interface is supporting the segment growth.
 

Considering the ventilator type, adult ventilators segment accounted for the largest revenue share in 2019, reaching a valuation of USD 692.2 million. Rising geriatric population base which are at a higher risk of acquiring chronic diseases coupled with rising coronavirus infections among adults is driving the segment growth.
 

Elaborating on the mode, pressure mode ventilator segment was worth USD 381.1 million in 2019, owing to its ability to support a patient in reducing breathing load along with several advantages such as minimum cardiovascular effects, better comfort, and enhanced patient & ventilator synchrony.
 

Speaking of the application spectrum, resuscitation segment captured the largest market share in 2019, primarily attributable to the rising cases of cardiopulmonary resuscitation throughout the region.
 

Moving on to the end-user spectrum, hospitals segment led the industry growth in 2019. Availability of skilled professionals and advanced facilities, along with rapidly increasing admissions due to Covid-19 pandemic is fostering the segment growth.   
 

Geographically, U.S. held the largest share of North America mechanical ventilators market in 2019 with a valuation of USD 724.5 million and will continue to showcase strong growth trends in the upcoming years.
 

Key players in North America mechanical ventilators market are Air Liquide, Drägerwerk AG & Co. KGaA., Fisher & Paykel Healthcare Ltd., Fisher & Paykel Healthcare Ltd., Medtronic plc, Koninklijke Philips N.V., Vyaire Medical, Inc., Smiths Group plc, and Getinge AB among others.