Global Ventilators Market Research Report Forecast 2030
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Ventilators Market: Market Segments: By Mobility (Intensive Care and Portable/Transportable); By Type (Adult/Pediatric Ventilators and Neonatal/Infant); By Interface (Invasive and Non-Invasive); By Application (Hospitals and Clinics, Home Care, Ambulatory Care Centers and Emergency Medical Service); and Region – Analysis of Market Size, Share & Trends for 2014 – 2019 and Forecasts to 2030
Ventilator is a medical device which is used to assist patients' breathing. It is a type of respiratory aid in which the endotracheal tube is directed towards the patient's airway and linked to the ventilator system. During surgery, these are also used while the patient is under anesthesia, which brings the patient to sleep without affecting normal breathing.
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Ventilators Market is expected to project a notable CAGR of 38.6% in 2030.
Ventilators Market to surpass USD 125.1 Million by 2030 from USD 23.5 Million in terms of value growing at a CAGR of 38.6% throughout the forecast period, i.e., 2019-30. The rising geriatric population and the growing need to expand healthcare access, cost benefits of telehealth and remMarket Highlights
Ventilators Market is expected to project a notable CAGR of 7.83% in 2030.
Ventilators Market to surpass USD 3.41 billion by 2030 from USD 1.42 billion in 2018 at a CAGR of 7.83% throughout the forecast period, i.e., 2019-30. The growth of the global demand for ventilators is supported by packages of emergency relief accepted by governments around the world. In addition, the growth of the ventilator market is complemented by higher healthcare spending and developed healthcare infrastructure in countries such as the United States and Canada.
Ventilators Market: Segments
Portable/transportable ventilators segment to grow with the highest CAGR of XX.X% during 2019-30
Ventilators Market is segmented by mobility as portable and intensive care ventilators. The augmented market share of 56 % was accounted for by the category of intensive care ventilators and the market dominance can be attributed to the growing number of ventilator-equipped intensive care beds. The growth of the ICU ventilators segment is also responsible for rising ICU admissions due to COVID-19 and readmissions in developing countries coupled with sufficient reimbursement. Furthermore, the category of ICU ventilators is sub-segmented into high-end ICU ventilators, mid-end ICU ventilators and fundamental ICU ventilators. However, during the forecast era, the market is expected to see higher demand for portable ventilators.
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Last Update : Feb 28, 2021 3:38 AM
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