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The ABC market all set to invigorate between 2020 and 2030
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North America has the largest market for ventilators followed by Europe, due to the availability of better healthcare infrastructure, technological advancement and improving reimbursement scenario for ICU procedure in this region. Asia is expected to experience high growth rate in the ventilators market in next few years due to emerging economy and improvement in healthcare technologies in the region.
Technological advancements, rising incidence of chronic diseases such as pulmonary and other respiratory diseases and increasing aging population are driving the global ventilators market. In addition, rising healthcare expenditure and increasing number of intensive care beds in emerging economies are driving the growth for global ventilators market. However, lack of standardized nomenclature for different ventilation modes and high cost involved are restraining the global ventilators market.
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Growing demographics and economies in the developing countries such as India and China are expected to offer good opportunities for growth of ventilators market in Asia. In addition, integration of physiological principles in system would offer opportunity for global ventilators market. However, complications involved in the use of mechanical ventilators are a challenge for ventilators market. Some of the trends for global ventilators market are increasing adoption of home mechanical ventilators and increasing preference for portable and home care ventilators. Some of the major companies operating in the global ventilators market are ACOMA Medical Industry Co., Ltd., Dragerwerk AG & Co. KGaA, MAQUET Holding B.V. & Co. KG., Bio-Medical Devices Intl, GE Healthcare, CareFusion Corporation, Bunnell Incorporated, Covidien, Teleflex Incorporated and Koninklijke Philips N.V.
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