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Ventilators Market: Size, Share, Forecasts, & Trends Analysis
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The report forecasts that the global ventilators market will reach $13.23 billion by 2031, growing at a CAGR of 8.3% from 2024 to 2031. The market is driven by factors such as the expansion of ICU facilities, rising rates of respiratory illnesses, increased urbanization, environmental pollution, an aging population, and higher rates of preterm births. However, high costs and competition from alternative therapies pose challenges.
Opportunities include growth in emerging markets, particularly in Asia-Pacific and Latin America, and a growing demand for home care devices. Challenges encompass adverse effects on neonates and difficulties in sourcing essential components.
The market has historically been dominated by invasive ventilators, but there is a rising interest in non-invasive and portable models. Innovations such as wearable ventilators from companies like Shinano Kenshi Co., Ltd. (Japan) are enhancing patient mobility.
Key Market Players
Key players in the ventilators market are:
• Schiller AG (Switzerland)
• Hamilton Medical AG (Switzerland)
• Koninklijke Philips N.V. (Netherlands)
• GE HealthCare Technologies, Inc. (U.S.)
• Medtronic plc (Ireland)
• Getinge AB (Sweden)
• ResMed Inc. (U.S.)
• Zoll Medical Corporation (U.S.)
• Drägerwerk AG & Co. KGaA (Germany)
• Fisher & Paykel Healthcare Limited (New Zealand)
• VYAIRE MEDICAL, INC. (U.S.)
Market Segmentation
• Product: Includes Ventilator Accessories (Catheters, Endotracheal Tubes, Masks, etc.) and Ventilators/Instruments.
• Mobility: Covers Intensive Care and Portable Ventilators.
• Interface: Features Invasive and Non-invasive Ventilators.
• Age Group: Adult & Pediatric and Neonatal & Infant.
• Mode: Comprises Volume Mode Ventilation, Dual/Combined Mode, Pressure Mode, and Other Modes.
• End User: Hospitals, Homecare Settings, ASCs, and Other End Users.
• Geography: Covers regional and country markets.
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Product Insights
In 2024, the ventilator accessories segment is expected to dominate with a 36.8% share, driven by extensive usage and functionality.
Mobility Insights
Intensive Care Ventilators are projected to hold a 76.2% share in 2024, due to high demand in ICU settings.
Interface Insights
Invasive Ventilators are anticipated to lead in 2024 due to their extensive use in critical care.
Age Group Insights
The Adult & Pediatric segment is expected to be the largest in 2024, due to the higher prevalence of respiratory conditions among the elderly.
Mode Insights
Volume Mode Ventilation is projected to be the leading mode in 2024, appreciated for its precision in ventilation management.
End User Insights
Hospitals are forecasted to be the largest end user in 2024, supported by high rates of respiratory illnesses and advanced healthcare facilities.
Regional Insights
North America is expected to hold a 55.7% share in 2024, bolstered by its advanced healthcare infrastructure and significant demand for advanced ventilators.
To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/ventilators-market-5093
Key Questions Answered in the Report:
• Which are the high-growth market segments in terms of product, mobility, interface, age group, mode, end user, and geography?
• What was the historical market size for ventilators across the globe?
• What are the market forecasts and estimates for the period 2024-2031?
• What are the major drivers, restraints, opportunities, and challenges in the ventilators market?
• Who are the key players operating in the ventilators market?
• What is the competitive landscape like?
• What are the recent developments in the ventilators market?
• What are the different strategies adopted by the major players in the ventilators market?
• What are the geographical trends and high-growth regions/countries?
Related Reports:
Telehealth Market: https://www.meticulousresearch.com/product/telehealth-market-4174
Veterinary Ultrasound Market: https://www.meticulousresearch.com/product/veterinary-ultrasound-market-5425
Cryotherapy Market: https://www.meticulousresearch.com/product/cryotherapy-market-5953
Relates Articles:
Cryotherapy Market: https://www.linkedin.com/pulse/cryotherapy-market-size-share-forecasts-trends-analysis-aadhan-76wbc/
Liquid Handling Systems Market: https://www.linkedin.com/pulse/explore-liquid-handling-systems-market-detailed-insights-kcylf/
Ventilators Market: https://www.linkedin.com/pulse/ventilators-market-insights-size-share-forecasts-trends-ll8pf/
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Meticulous Market Research Inc.
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