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The medical ventilators market size has the potential to grow by USD 1.52 billion during 2020-2024, and the market’s growth momentum will decelerate during the forecast period. The rise in demand for non-invasive ventilators and use of ventilators with automatic adaptation are few of the critical medical ventilators market drivers and trends fueling the growth of the market.
This report provides a detailed analysis of the market by product (ICU ventilators and portable ventilators), technology (invasive ventilators and non-invasive ventilators), end-user (hospitals, ASCs, and home care), and geography (Asia, Europe, North America, and ROW).
An in-depth scenario-based approach was followed in this medical ventilators market research report to identify the direct and indirect impact of COVID-19 on market growth. Buy the full market research report to gain actionable insights on the impact of COVID-19 on medical ventilators market segments.
Browse TOC and LoE with selected illustrations and example pages of Medical Ventilators Market
The increasing demand for non-invasive ventilators will drive the growth of the medical ventilators market. The market is increasingly witnessing a huge shift from invasive ventilation methods towards the use of non-invasive ventilators as these ventilators make the routine activities easier by decreasing the strain of breathing, unlike invasive ventilators that cause adverse effects on patients.
Also, as non-invasive ventilation systems have a faster recovery time, involve shorter hospital stays, and eliminate the use of the endotracheal tube, they can be used in both acute and chronic respiratory failure. With the increasing use of non-invasive ventilators to treat various other respiratory conditions such as chronic obstructive pulmonary disease (COPD), pneumonia, asthma, and acute respiratory disease, the global medical ventilators market will witness considerable growth during the forecast period. Moreover, the increase in the number of patients with COVID-19 infection is also driving the demand for medical ventilators across the globe. As a result of such factors, the market will register a CAGR of over 7%.
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Market Segmentation by Technology
Market Segmentation by End-user
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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