Ventilators Market Overview: Size, Share, Trends, and Forecast Analysis
Meticulous Research®—a leading firm in market analysis—has released a comprehensive 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’. This report reveals that the global ventilators market is set to reach $13.23 billion by 2031, growing at a CAGR of 8.3% from 2024 to 2031. Key growth drivers include an increase in ICU units and beds, a surge in respiratory diseases, urbanization leading to higher pollution, a growing elderly population, and more preterm births. However, high ventilator costs and the preference for alternative oxygen therapies may hinder market expansion. Emerging opportunities are anticipated in the homecare segment and in developing regions such as Asia-Pacific and Latin America. Conversely, challenges include potential negative impacts ...