![Global Ventilator Market](https://res.cloudinary.com/devmoveo/image/upload/v1673858011/skyquest/gallery/imgnf50jhnibapje4hiy.jpg)
Report ID: SQMIG35A2176
Report ID:
SQMIG35A2176 |
Region:
Global |
Published Date: February, 2024
Pages:
242
|
Tables:
146 |
Figures:
78
Ventilator Market size was valued at USD 3.67 billion in 2019 and is poised to grow from USD 3.9 billion in 2023 to USD 6.36 billion by 2031, growing at a CAGR of 6.3% in the forecast period (2024-2031).
The market growth is attributed to rising technological advancements such as development of advanced portable ventilators and improvements in the sensor technologies used in them, increasing preterm births, increasing geriatric population, increasing prevalence of respiratory diseases, and increasing number of ICU beds. Growing home healthcare has opened new opportunities for the ventilator market as homecare environment is comfortable and convenient and also cost-effective.
Major improvements in the treatment of patients with severe respiratory complications have been made possible by technological advancements in microprocessor-controlled ventilation combined with the complexity of new ventilator modes. Upgraded ventilators have many safeguards in place and are prepared for any kind of emergency. There are sensors and monitors for both patient-specific parameters like air pressure, air volume, and flow rate as well as general parameters like air leakage, mechanical failure, power failure, battery backups, oxygen tanks, and remote control.
US Ventilator Market is poised to grow at a sustainable CAGR for the next forecast year.
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATIONVentilator Market size was valued at USD 3.67 billion in 2019 and is poised to grow from USD 3.9 billion in 2023 to USD 6.36 billion by 2031, growing at a CAGR of 6.3% in the forecast period (2024-2031).
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Report ID: SQMIG35A2176