Ventilators Market to be Worth $13.23 Billion by 2031

 

Meticulous Research®, a prominent market research firm, released a report titled, ‘Ventilators Market by Product (Instrument, Catheter, Mask, Tube) Mobility (Intensive Care, Portable) Interface (Invasive, Non-invasive) Age Group (Adult, Neonatal) Mode (Volume, Pressure, Dual) End User (Hospital, ASC, Home Care) – Global Forecast to 2031’.

Meticulous Research® predicts that the ventilators market will expand to $13.23 billion by 2031, growing at a compound annual growth rate (CAGR) of 8.3% between 2024 and 2031. This growth is fuelled by several factors, including the increased availability of intensive care units (ICUs) and ICU beds, higher rates of respiratory diseases, urbanization leading to increased pollution, a growing elderly population, and more instances of preterm births. Nonetheless, obstacles such as the expensive nature of ventilators and the preference for alternative oxygenation therapies hinder market advancement.

Rising demand for therapeutic devices for home care and the emergence of economies in Asia-Pacific and Latin America are poised to offer growth prospects in the market. Nevertheless, challenges such as the negative impacts of ventilators on neonates and challenges in maintaining component supply chains could impede market expansion.

Key Players

The ventilators market report features profiles of prominent players including 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 divided into several segments, including Product (Ventilator Accessories [Ventilator Catheters, Endotracheal Tubes, Ventilator Masks, and Other Ventilator Accessories], Ventilator/Instrument), Mobility (Intensive Care Ventilators and Portable Ventilators), Interface (Invasive Ventilators and Non-invasive Ventilators), Age Group (Adult & Pediatric and Neonatal & Infant), Mode (Volume Mode Ventilation, Dual/Combined Mode Ventilation, Pressure Mode Ventilation, and Other Ventilation Modes), End User (Hospitals, Homecare Settings, Ambulatory Surgical Centers (ASCs) and Other End Users) and Geography. Additionally, the report assesses industry competitors and conducts analyses at both regional and country levels.

In 2024, the ventilator accessories segment is projected to dominate the market. This is mainly due to the widespread use of such accessories, increasing awareness about hospital hygiene, and certain accessories offering additional functionalities in medication delivery.

Based on mobility, in 2024, it's anticipated that the intensive care ventilators segment will hold the most significant market share. This is primarily due to the rising installation of ventilators in ICUs, the availability of reimbursements for ventilation solutions and respiratory treatments, the increasing patient admissions in Critical Care Units (CCUs) owing to a growing population affected by chronic and respiratory infectious diseases, and the global increase in preterm births.

Among the interfaces studied in this report, in 2024, it is anticipated that the largest share of the market will be held by the invasive ventilators segment. This is mainly due to the extensive use of invasive ventilators in ICUs to treat patients with chronic respiratory and infectious diseases, neurological disorders, and sleep disorders.

Among the age groups studied in this report, the adult & paediatric segment is projected to dominate the market, primarily due to the significant adoption of ventilation support among the elderly population, their heightened susceptibility to chronic and infectious diseases, and the increasing consumption of tobacco-related products.

Among the modes studied in this report, in 2024, it is predicted that the volume mode ventilation segment will hold the largest market share. This dominance can be attributed to the widespread use of volume-controlled ventilators in intensive care units, driven by their advantages such as precise minute ventilation and consistent delivery of tidal volume.

Among the end users studied in this report, in 2024, it is projected that the hospitals segment will hold the largest market share. This is primarily due to the significant number of patients suffering from respiratory illnesses, the availability of skilled medical professionals in hospitals, and the accessibility of advanced healthcare facilities equipped with state-of-the-art medical devices like ventilators.

Among the geographies studied in this report, in 2024, it is anticipated that North America will dominate the market share. This is mainly due to its robust healthcare infrastructure, extensive utilization of cutting-edge technologies, the presence of key market players, a strong demand for advanced medical equipment, an increasing elderly population, and a rising need for long-term and home healthcare solutions.

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5093

Key questions answered in the report-

  • What are the market segments experiencing significant growth in terms of product, mobility, interface, age group, mode, end user, and geography?
  • What was the past market size of ventilators worldwide?
  • What are the projected market forecasts and estimations for the period spanning from 2024 to 2031?
  • What are the primary factors propelling, hindering, presenting opportunities, and posing challenges in the ventilators market?
  • Who are the key players active in the ventilators market?
  • How are the competitive environment structured, and which companies are leading in the ventilators market?
  • What are the latest advancements or updates observed in the ventilators market?
  • What are the various approaches employed by key players in the ventilators market?
  • What are the patterns observed in different regions and which regions or countries are experiencing significant growth in the ventilators market?

Contact Us:
Meticulous Research®
Email- sales@meticulousresearch.com
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research

Comments

Post a Comment

Popular posts from this blog

The Power Players: 15 Influencing Micro-mobility Market Growth

  The newly published research report on   Micro-mobility Market Report   provides an in-depth comprehension of a rapidly growing market. It offers an extensive market outlook, covering all the major aspects such as Micro-mobility market share, size, trends, projected growth rate, and sales channels. Also, it examines the challenges, opportunities, and prospects for the market. An in-depth analysis of all the major market segments and regions has been provided in the report. Pictorial representations such as tables, graphs, and charts have also been used to help readers comprehend the information easily. Both quantitative and qualitative research methodologies have been used in the study to provide an in-depth market comprehension. It covers crucial information on supply chain challenges and how businesses can deal with them. The research report is a vital resource for stakeholders, investors, and anyone looking to develop effective marketing strategies and stay ahead of ...
Read more

Europe EV Battery Market - Opportunity Analysis And Industry Forecast (2022-2029)

  Meticulous Research®, a prominent market research firm, released a report titled " Europe EV Batteries Market  by Type (Li-ion, Ni-MH, SLA, Ultracapacitors, Solid-state Batteries), Capacity (<50 kWh, 51-100 kWh, 101-300 kWh, >300 kWh), Bonding Type (Wire, Laser), Form, Application, End User, and Country - Forecast to 2029" . The European EV battery market is projected to expand at a compound annual growth rate (CAGR) of 45.8% from 2022, reaching $94.41 billion by 2029 . This growth is primarily fueled by the rising global adoption of electric vehicles, falling battery prices, and the increasing localization of battery production. Additionally, the expanding use of battery-as-a-service presents lucrative growth opportunities for market participants. However, the market's growth may be somewhat hindered by a potential shortage in lithium mining capacity. Additionally, safety concerns related to EV batteries pose a significant challenge to the expansion of t...
Read more