Ventilator Market Analysis, Latest Trends, Business Strategies, Regional Outlook and Forecast Report 2030

The global ventilator market is projected to be worth USD 2,887.32 million by 2030, growing at a CAGR of 7.1%.

This growth can be credited to the growing occurrence of chronic illnesses, including asthma and chronic obstructive pulmonary illness, across the globe. Additionally, the industry is expected to grow because of the rising number of preterm births, growing prevalence of respiratory disorders, increasing geriatric population, growing demand for ICU beds, and rising number of COVID-19 patients.

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North America held the largest share of ventilator market in recent years. This can be ascribed to the growing occurrence of respiratory disorders, such as bronchitis and asthma, in this region. The U.S. holds the larger market share, because of the technical advances in ventilators, rising healthcare spending, and the availability of a huge number of ICU beds in the country. Also, the demand is propelled by the growing volume of surgeries.

In the recent years, the invasive ventilator category had the larger industry share, of 60%. This can be ascribed to the rising need for ICU beds with ventilators and the rising frequency of respiratory diseases. Moreover, mainly due to COVID-19, there is a rise in the number of hospital admissions. Invasive ventilators are the key components in emergency rooms and ICUs to treat patients. In addition, such equipment helps patients breathe and speed up their recovery.

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The APAC ventilator market is projected to grow with the highest pace in coming years. This can be credited to the growth of affordable, patient-friendly, and portable ventilators. Moreover, the government support and the existence of numerous manufacturers and assemblers in counties like India and China are aiding in the development of non-invasive and affordable ventilator solutions, to meet the demands from patients.

The critical care category dominates the application segment, majorly because of the COVID-19 virus, which has affected people across the world. This generated massive demand for critical care systems, because of the large number of hospitalizations.

Standard ventilators had the largest share, of around 65%, in recent years. The major reasons behind this are the expansion of healthcare services and hospital networks and the efficiency of standard ventilators in various healthcare applications.

The adult group category holds the larger market share, mainly because of the growing number of smokers, which leads to the rising prevalence of diseases like COPD and other respiratory diseases.

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Hence, the growing occurrence of chronic illnesses, including asthma and chronic obstructive pulmonary illness, across the globe. Additionally, the industry is expected to grow because of the rising number of preterm births, growing prevalence of respiratory disorders and many more.

Market Size Breakdown by Segment

By Interface
• Invasive
• Non-Invasive
By Patient Group
• Adult
• Pediatric & Neonatal
By Application
• Critical care
• Emergency care
• Home care
• Neonatal care
By Mobility
• Standard
• Portable
Regional Analysis
• North America
o U.S.
o Canada
• Europe
o Germany
o France
o U.K.
o Spain
o Italy
• Asia-Pacific
o China
o Japan
o India
o Australia
o South Korea
• Latin America
o Brazil
o Mexico
• Middle East and Africa
o South Africa
o Saudi Arabia

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This release was published on openPR.