Ventilator Market is projected to grow at around 13% CAGR By 2028 | Philips, ResMed, Medtronic

This comprehensive Ventilator Market report by “MarkNtel Advisors: Leading Market research Company” offers valuable insights into the current and future market landscape, providing clarity on potential challenges and strategies for optimal brand positioning. It features detailed market segmentation, in-depth analysis of key market players, emerging trends in consumer behavior and supply chain dynamics, and opportunities in new geographical markets. With the insights from this report, you can manage your marketing strategies for goods and services more effectively.

“According to recent market analysis report, the Global Ventilator Market size is expected to grow at a CAGR of 13% during the forecast period of 2023 to 2028.”

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Driving Force Behind the Growth of the Ventilator Market through 2028

Ever-Increasing ICU Admissions Due to Rising Incidence of Respiratory Diseases - The mounting prevalence of both chronic & acute respiratory illnesses like COPD, bronchial asthma, acute lung injury, and hypoxemia, among others, due to the increasing number of tobacco consumers worldwide, is the primary factor anticipated to drive the Ventilator Market during 2023-28. With the constantly rising incidence of such diseases, the world is witnessing rapidly increasing ICU admissions as patients with these conditions require critical care equipment, including ventilators, the demand for which is surging at a significant pace globally.

Market Segment Highlights:

By Type

• Adult/Pediatric Ventilation
• Infant/Neonatal Ventilation

By Interface

• Invasive Ventilation
• Non-Invasive Ventilation

Of both, the non-invasive ventilation (NIV) interface is witnessing rapidly increasing adoption and notably contributing to the ventilator market growth globally. Unlike invasive ventilation, NIV is the administration of ventilator support without using tracheostomy or endotracheal tubes.

By Mode

• Combined-Mode Ventilation
• Volume-Mode Ventilation
• Pressure Mode Ventilation

By Mobility

• Portable
• Intensive Care

By End-User

• Hospitals and Clinics
• Home care
• Ambulatory Care Centers
• Emergency Medical Services

Ventilator Market Regional Outlook:

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific.

Of all regions, North America is the largest Ventilator Market globally, i.e., driven by world-class medical facilities, massive investments in the healthcare sector, and the surging prevalence of chronic respiratory illnesses, such as asthma, COPD, etc., due to rapidly growing tobacco consumption in the region

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Ventilator Market Competition Analysis:

Some of the top Ventilator companies operating in the market are Philips, ResMed, Medtronic, Becton Dickinson, GEHealthcare, Getinge, Air Liquide, Hamilton Medical, Smith’s Group, Drager, Fisher and Paykel, Others.

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