Ventilators Market Is Poised To Reach $1.72 Billion By 2027 | CAGR: 8.0%

CITY – Northbrook, Country – USA, 2020-Feb-14 — /EPR Network/ 

Rising prevalence of respiratory diseases, increasing incidence of preterm births, urbanization and growing pollution levels, high prevalence of tobacco smoking, rapid growth in the geriatric population.

The ventilator market is projected to reach USD 859.9 Million in 2018, and is expected to grow at a CAGR of 8.0% during the forecast period of 2018 to 2023. Factors such as increasing number of preterm births, rapid growth in the geriatric population, rising prevalence of respiratory diseases, and rising number of ICU beds are expected to drive the growth of the ventilators market during the forecast period.

Browse 185 market data Tables and 56 Figures spread through 212 Pages and in-depth TOC on “Ventilator Market – Global Forecast to 2027”

Rising number of ICU beds are expected to drive the growth of the ventilators market during the forecast period. In addition, the growing demand for home care therapeutics and higher growth in developing countries like China, India, and Brazil are driving the demand for ventilators.

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Ventilators Market Insights

6.1 Introduction

6.2 Industry Trends

6.3 Sensor Technologies in Ventilators

6.4 Technologies With High-Growth Potential

6.5 Regulatory Analysis

6.6 Factor Analysis

On the basis of interface, the invasive ventilation segment accounted for the largest share of the ventilators market. The large share of this segment is due to the high prevalence of tobacco smoking, increasing prevalence of chronic diseases such as COPD & asthma, rapid growth in the geriatric population, and improving healthcare affordability in developed countries.

Based on end user, the hospitals & clinics segment accounted for the largest share of the ventilators market. The large share of this segment can be attributed to the increasing number of private and public hospitals, economic expansion and focus of government on broader healthcare policies, and increasing per capita income.

Based on type, the adult/pediatric ventilators segment held the largest market share of ventilators market. The large share of this segment can be attributed to the large patient population with severe COPD, asthma, and other chronic respiratory diseases; rising number of smokers; and rapid growth in the geriatric population.

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