Shibuya-ku, Tokyo, Japan, Japan, Apr 11, 2022, 01:27 /Comserve / -- The global ventilator market is predicted to reach US$3 billion in 2024 recording growth at a CAGR of 16.48% during the period spanning 2022-2031.
With COVID-19 resulting in the economic fallout, numerous economies are working on game-changing improvements to protect their employees and clients. While focusing on the ongoing challenges, the leaders are embracing new plans in order to manage and stay afloat in this competitive environment.
The global ventilator market is predicted to reach US$3 billion in 2024 recording growth at a CAGR of 16.48% during the period spanning 2022-2031. The growth in the market is supported by various factors like increasing healthcare spending, rising air pollution, growing obese population and increasing prevalence of cardiovascular diseases. The market is expected to experience certain trends like increasing diabetic population and expanding geriatric population. Certain challenges like decline in the cigarette consumption and ventilator associated pneumonia restrained the market growth.
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The Final Report will cover the impact analysis of COVID-19 on this industry: Global Ventilator Market|Updates and Key-Players Strategies | With Growth, Forthcoming, Business Prospects and Industry Updates Forecast (Trending Report With Imact of Covid19)
The global ventilator market by type can be segmented into the following: non-invasive and invasive. In 2019, the dominant share of the market was held by non-invasive segment. The market by mobility can be segmented into the following categories: intensive and portable. The dominant share of the market was held by intensive segment. The global ventilator market by mode can be segmented into the following: combined, volume and pressure, with the dominant share held by combined mode. The market by application can be segmented into the following: critical care and neonatal care. In 2019, critical care held the dominant share of the market.
The global ventilator market by region can be segmented into the following regions: North America, Europe, Asia Pacific, Latin America and Middle East & Africa. In 2019, the highest share of the market was held by North America, followed by Europe and Asia Pacific.
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The Final Report will cover the impact analysis of COVID-19 on this industry: Global Ventilator Market|Updates and Key-Players Strategies | With Growth, Forthcoming, Business Prospects and Industry Updates Forecast (Trending Report With Imact of Covid19)
Scope of the report:
• The report provides a comprehensive analysis of the global ventilator market with potential impact of COVID-19.
• The major regional markets (North America, Europe, Asia Pacific, Latin America and MEA) have been analyzed.
• The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.
• The competitive landscape of the market, along with the company profiles of leading players (General Electric, ResMed, Philips, Air Liquide, Medtronic and BD) are also presented in detail.
Key Target Audience:
• Ventilator Manufacturers
• Hospitals
• End Users (Businesses/Consumers)
• Investment Banks
• Government Bodies & Regulating Authorities
The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.
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