According to Arizton’s latest research report, the global ventilators market is growing at a CAGR of 6.50% from 2023 to 2029.
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Ventilators are vital to healthcare services, from hospitals to ambulatory healthcare services and homecare settings. The changing healthcare services in emerging markets and significant achieved development with developed countries consistently drive the ventilator market growth.
There are some other conditions, such as acute respiratory distress syndrome, asthma, cardiac arrest, pneumonia, collapsed lung, stroke, coma, drug overdose, hypercapnic respiratory failure, lung infection, myasthenia gravis, sepsis, an infection in the blood, upper spinal cord injuries, premature lung development (in babies) that will drive the market consistently in the upcoming period.
In 2023, North America emerged as the dominant player in the global ventilators market. Within North America, the United States stands out with the highest per capita healthcare expenditure, which has fueled the adoption of ventilators in homecare settings and driven significant demand. However, this high healthcare expenditure has also contributed to the complexity of the healthcare system in the US.
The market’s growth in North America is further propelled by technological advancements in ventilators, leading to the continuous introduction of new products. Additionally, factors such as the increasing geriatric population, prevalence of chronic diseases like cardiovascular diseases and diabetes, rising surgical procedures, and demand for emergency healthcare services have all contributed to the growing application of ventilators in the region.
North America’s ventilators market is highly competitive, with several prominent players striving to maintain their foothold by introducing new products to meet the rising demand. Key vendors in this market include Hamilton Medical, Koninklijke Philips, GE Healthcare, Medtronic, and Resmed. These companies are implementing various strategies such as mergers, acquisitions, partnerships, and collaborations with key vendors to expand their distribution networks. This is anticipated to drive market growth further during the forecast period.
For example, in 2022, ICU Medical’s acquisition of Smith plc aimed to bolster ICU Medical’s product line, including infusion therapy and ventilators, reflecting a strategic move to support market expansion and meet growing demand.
Competitive Overview
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Product Segmentation & Forecast
Vendors List
Key Questions Answered in the Report:
What is the projected value of the global ventilators market by 2029?
What factors are driving the growth of the global ventilators market?
What segment holds the largest share in the ventilators market?
Table of Contents
CHAPTER – 1: Ventilators Market Overview
CHAPTER – 2: Ventilators Market
CHAPTER – 3: Ventilators Market Segmentation Data
CHAPTER – 4: Key Regions Overview
CHAPTER – 5: Ventilators Market Prospects & Opportunities
CHAPTER – 6: Ventilators Industry Overview
CHAPTER – 7: Appendix
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