Medical Ventilators Market | Global Value and Volume 2022-2032

The Medical Ventilators Market is expanding quickly as more emphasis is being placed on increasing production to meet an unexpected rise in demand during the COVID-19 epidemic. The market for medical ventilators was estimated at US$ 1.2 billion in 2019 and is anticipated to grow at a CAGR of 8.7% over the following five years (2020-2030).

The demand for medical ventilators has increased significantly as the number of severe cases of the life-threatening new coronavirus has increased (COVID-19). Manufacturers' and governments' intense focus on producing more medical ventilators is expected to drive market growth during the forecast period (2020-2030). The growing demand for portable and affordable medical ventilators creates a significant opportunity for global medical ventilators market companies to differentiate their products from the competition.

Key Takeaways of Medical Ventilators Market Study

  • Sales of critical care ventilators contributed the maximum share to the total market value, owing to increasing use in critical care areas of hospitals and other care areas as well.
  • Extensive use of invasive ventilators in the management of chronic respiratory failure is expected to result in a notable share of the segment in the medical ventilators market.
  • Hospital remains top end user contributing more than 38% of total demand, in line with high-quality clinical care and rising number of respiratory disease patients.
  • North America captured notable revenue share of about 30% and is expected to be the most lucrative region for the medical ventilators market during the forecast period.
  • Increasing government funding to boost the medical industry growth in Asian countries is expected to drive growth of the medical ventilators market in the region.

Increasing Production Capacity – Imperative Strategy for Market Players

Manufacturers are now focusing on increasing ventilator production capacity in order to meet the urgent global demand caused by the coronavirus pandemic. Companies such as Medtronic, Koninklijke Philips N.V., GE Healthcare, and Getinge AB, for example, are rapidly increasing ventilator production by 40%-60% to meet the global demand for COVID-19 ventilators.

What does the report cover?

In its most recent study, Future Market Insights provides a unique perspective and actionable insights on the medical ventilatorsmarket, presenting historical demand assessments from 2015 to 2019 and projections from 2020 to 2030 based on product (critical care ventilators and transport ventilators), technology (invasive ventilators and non-invasive ventilators), and end user (hospitals and ambulatory surgical centres, long term care centres, and home care settings) in seven key regions.

MEDICAL VENTILATORS MARKET TAXONOMYFMI's market research is divided into four key segments: product type, technology, end user, and region. This report provides detailed data and information on the key market dynamics and growth parameters associated with these categories.

Product Type

  • Critical Care Ventilators
  • Transport Ventilators

Technology

  • Invasive Ventilators
  • Non-Invasive Ventilator

End User

  • Hospitals
  • Ambulatory Surgical Centers
  • Long Term Care Centers
  • Home Care Settings

Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East and Africa

Browse More Details@ https://www.futuremarketinsights.com/reports/medical-ventilators-market

Comments

Post a Comment

Popular posts from this blog

Handheld Ultrasound Scanners Market Will Generate Booming Growth Opportunities to 2032

Image
According to industry predictions, the global Handheld Ultrasound Scanners Market Demand will increase at a CAGR of 9.1% from 2022 to 2032, reaching a value of US$ 472.1 million by the end of 2022. By 2032, sales are estimated to exceed a valuation of roughly US$ 1.1 billion. With an expected 83.6% market share in 2021, the wired modality now leads the sector. Because they connect to Bluetooth or Wi-Fi devices such as mobile phones or tablets, Handheld Ultrasound Scanners are gaining appeal among both medical professionals and non-radiologists. These devices improve networking systems and ease picture transfer to medical facilities. Global Handheld Ultrasound Scanners Market: Dynamics         Technological advancements in medical imaging devices, increased use of Handheld Ultrasound Scanners among non-radiologists, benefits from international trade agreements, increased importing of imaging diagnostics systems, increased use of Handheld Ultrasound Scanners in emergency medical service
Read more

Targeted Therapies for Sandhoff Disease | Assessing the Global Market Landscape

Image
The global Sandhoff Disease Therapeutics Market Size is expected to be worth US$ 10 million in 2023 and US$ 17.91 million by 2033, with a CAGR of 6% from 2023 to 2033. From 2018 to 2022, the Sandhoff Disease Treatments market increased at a 4% CAGR. According to the most recent studies, Sandhoff sickness is a rare disorder that affects 1 in 1,000,000 people. The rising demand for these medications is projected to spur the discovery of novel therapies, propelling the market forward in the coming years. Gene therapy is being investigated as a potential treatment for Sandhoff disease. The therapy restores the ability to break down GM2 ganglioside by delivering a functional copy of the missing enzyme into the patient's cells. This has the potential to reduce or stop disease progression while also improving patient quality of life. Key Takeaways from the Market Study   The Sandhoff Disease Therapeutics market increased at a 4% CAGR from 2018 to 2022. From 2023 to 2033, the global Sandh
Read more

Aesthetic Medical Devices Market 2022-2032: Advanced R&D Process Strategies

Image
A recently published study by FMI expects the global  Aesthetic Medical Devices Market  to augment at a 9.6% CAGR from 2022 to 2032. By the end of the said assessment period, a valuation of US$ 35000 Million is expected for the market. The increase may be attributed mostly to the increased development of technologically advanced and user-friendly devices, as well as the rising desire for cosmetic treatments among individuals. In addition to that, the popularity of minimally invasive and non-invasive aesthetic operations is expanding internationally as a result of loose facial skin, particularly around the eyes, jowls, and cheeks; and dry or roughened skin, among other important changes that occur as a person ages. Furthermore, the demand for aesthetic devices is rising due to the growing popularity of cosmetic operations among those seeking to improve their looks and stand out from the crowd. Key Takeaways from the Market Study FMI projects the global aesthetic medical d
Read more