Meticulous Research®, a prominent market research firm, has recently released a report titled Ventilators Market Size, Share, Forecast, & Trends Analysis by Product (Instrument, Catheter, Mask, Tube) Mobility (Intensive Care, Portable) Interface (Invasive, Non-invasive) Age Group Mode (Volume, Pressure) End User – Global Forecast to 2031. According to this new publication from Meticulous Research®, the global ventilators market is expected to reach $13.23 billion by 2031, growing at a compound annual growth rate (CAGR) of 8.3% from 2024 to 2031. Download Sample Report Here @ https://www.meticulousresearch.com/downloadsample-report/cp_id=5093 Several key factors contribute to this anticipated growth. The expanding number of intensive care units (ICUs) has increased demand for ventilators and associated medical devices. Additionally, a rising number of respiratory illnesses, the effects of urbanization, pollution, an aging global population, and an increase in preterm births all drive market growth. Despite this, the high costs of ventilators and a growing preference for alternative oxygenation therapies are factors that may hinder market expansion. Emerging markets, such as Asia-Pacific and Latin America, present significant growth opportunities, driven by improvements in healthcare infrastructure and rising demand for home-based therapeutic devices. However, manufacturers face challenges such as the potential side effects of ventilators on neonates and difficulties in securing critical components needed for production. Historically, the ventilators market has been dominated by conventional invasive ventilators. However, these systems have their limitations, including portability issues, patient discomfort, and restrictions in their use among certain age groups. To address these challenges, advancements in ventilator technology have emerged, including portable and non-invasive ventilators that can be used outside of healthcare settings. Notably, wearable ventilators are gaining attention. For instance, Shinano Kenshi Co., Ltd. (Japan) is working on developing wearable ventilator systems, aimed at helping patients with chronic obstructive pulmonary disease (COPD) or those recovering from lung transplants. These advancements are expected to make transportation and daily activities more manageable for patients reliant on ventilators. Key Players in the Ventilators Market:
Global Ventilators Market – 2024-2031
The report profiles key market players such as 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), and VYAIRE MEDICAL, INC. (U.S.). The ventilators market is segmented by product, mobility, interface, age group, mode, end user, and geography. The product segment covers ventilator accessories such as ventilator catheters, endotracheal tubes, ventilator masks, and other accessories, as well as ventilators themselves. Among these, ventilator accessories are projected to dominate the market in 2024, with a share of 36.8%, primarily due to increased emphasis on hygiene in hospitals and the multifunctionality of these accessories. In terms of mobility, intensive care ventilators are anticipated to lead the market with a share of 76.2% in 2024, driven by the rising demand in critical care units, reimbursement options, and the high prevalence of chronic respiratory conditions. The invasive ventilators segment is expected to dominate by interface, due to their widespread use in ICUs. Adult and pediatric ventilators are forecasted to lead the market in terms of age group, owing to the high adoption rate among the elderly population. Regional Analysis: North America is projected to hold the largest market share by 2024, accounting for 55.7% of the global market. The region’s dominance can be attributed to its robust healthcare infrastructure, the presence of major players, and the increasing demand for advanced medical devices. 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?
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What was the historical market size for ventilators across the globe?
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What are the market forecasts and estimates for the period 2024–2031?
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Global Ventilators Market – 2024-2031
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What are the major drivers, restraints, opportunities, and challenges in the ventilators market?
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Who are the key players operating in the ventilators market?
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What is the competitive landscape like?
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What are the recent developments in the ventilators market?
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What are the different strategies adopted by the major players in the ventilators market?
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What are the geographical trends and high-growth regions/countries?
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