Mechanical Ventilators Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Product Type (Intensive Care Unit/Critical Care, Transport/Portable/Ambulatory, and Neonatal Care), By Interface (Non-invasive Ventilation and Invasive Ventilation), By End User (Hospital & Clinic, Home Care, and Ambulatory Surgical Center), By Region and Competition Forecast

  • Industry : Healthcare
  • Pages : NA
  • Published Date : NA
Customization Enquiry

Buy Now

Summary

Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 3.74 Billion

CAGR (2023-2028)

4.86%

Fastest Growing Segment

Intensive Care Unit/Critical Care

Largest Market

North America


Market Overview

Global Mechanical Ventilators Market has valued at USD 3.74 Billion in 2022 and is anticipated to grow with a CAGR of 4.86% through 2028. A mechanical ventilator is a device that assists a patient in breathing (ventilation) during surgeries or in cases where they are unable to breathe independently due to critical illness. The patient is connected to the ventilator via a hollow tube (artificial airway) inserted into their mouth and extending into their main airway or trachea. The two primary methods of mechanical ventilation are positive pressure ventilation, where air is forcibly delivered into the lungs, and negative pressure ventilation, where air is drawn into the lungs through the chest's stimulating movement. Mechanical ventilators are commonly employed in the treatment of respiratory ailments, strokes, chronic obstructive pulmonary disease, and other medical conditions. Mechanical ventilation is a life-sustaining technique that aids patients with severe illnesses in maintaining vital breathing functions.

Key Market Drivers

Increase in the Geriatric Population

The rise in the geriatric population and the prevalence of chronic respiratory disorders are anticipated to drive the demand for ventilators. Increasing awareness of lung cancer symptoms and a growing number of patients in medical facilities contribute to the significant market growth of ventilators. However, it should be noted that the use of mechanical ventilation may pose certain risks, such as increased infection risk and potential damage to the lungs. These considerations should be taken into account when assessing the market growth potential of mechanical ventilators.

Surging Prevalence of chronic obstructive pulmonary disease (COPD)

The rising prevalence of chronic obstructive pulmonary disease (COPD) and other disorders, including sleep apnea, acute lung injury, and hypoxemia, are the primary drivers of market growth. Additionally, the increasing number of preterm births and the rapid growth of the geriatric population are expected to further accelerate market expansion. Furthermore, the high prevalence of tobacco smoking, which is a leading cause of respiratory diseases, will significantly contribute to the market's growth. According to the World Health Organization (WHO), currently, around 90% of COPD deaths occur in low- and middle-income countries. As a result, the global market is expected to witness growth due to the increasing prevalence of such diseases, introduction of new products, and the availability of cost-effective, portable, and user-friendly mechanical ventilators for respiratory treatment. For example, in August 2020, Spicejet introduced Spiceoxy, a portable non-invasive ventilation device. The rising awareness among end users is anticipated to drive the demand in the forecast period.

Increasing Demand for Home Healthcare

Home healthcare, including home ventilation, can be more cost-effective compared to extended hospital stays or long-term care in medical facilities. Home care can also reduce the burden on healthcare systems by freeing up hospital beds for more critical cases.  Many patients prefer receiving medical care, including ventilatory support, in the comfort of their own homes. Home healthcare offers greater autonomy, better quality of life, and reduced exposure to hospital-acquired infections. Furthermore, the advantages of home healthcare such as convenience and comfort coupled with the cost advantages are also expected to fuel market growth. Additionally, increasing healthcare infrastructure and rising disposable income will lead to high demand for home healthcare, thus acting as a significant driver for the market. Moreover, the rising awareness among the patients regarding the respiratory diseases also cushions the market’s growth within the forecasted period.

Technological Advancement

Technological advancements, such as rapid innovation in the field of Positive Airway Pressure (PAP) devices, enhanced portability, and improved battery life of transport and portable devices, serve as key drivers in promoting the utilization of mechanical ventilators. In April 2020, InnAccel Technologies announced the development of a non-invasive ventilation system designed for ICU use with COVID-19 patients. This system, engineered and manufactured in India, addresses the needs of patients experiencing deteriorating hypoxemia. Furthermore, the versatility of this system allows for application across various settings and clinical scenarios, eliminating the need for continuous electricity or a trained breathing therapist. The emergence of technological advancements in ventilators, combined with the increasing number of intensive care beds (ICU), will contribute to the market's growth. Furthermore, the growing adoption of non-invasive ventilators is anticipated to drive the demand for Mechanical Ventilators. Non-invasive ventilation employs various interfaces and has continuously evolved to prioritize patient comfort and effectiveness. In recent decades, non-invasive ventilation through nasal or facemask delivery has gained recognition in supporting both chronic and acute ventilatory failure.

Download Free Sample Report

Key Market Challenges

High Cost of Operation

Operating a hospital involves substantial fixed costs, such as building maintenance, utilities, and equipment purchases. With lower patient volumes in rural areas, these fixed costs become a more significant burden on the facility's budget. Rural hospitals often have limited access to capital and financial resources compared to larger urban hospitals. They may struggle to invest in expensive medical equipment like mechanical ventilators, which can impact patient care capabilities. Budgetary constraints faced by small healthcare facilities are also expected to restrict the adoption of Mechanical Ventilators. Rural and suburban hospitals strive to provide patients with the highest quality of care while simultaneously overcoming challenges posed by their remote geographic location, limited workforce, small size, and constrained financial resources. The low patient volumes in rural hospitals make it challenging for these organizations to manage the significant fixed costs associated with hospital operations. Consequently, they become particularly susceptible to policy and market changes, as well as to Medicare and Medicaid payment reductions.

Risks Associated with the Ventilators Usage

Ventilator-associated pneumonia is a common complication in patients on mechanical ventilation. It occurs when bacteria enter the lungs through the ventilator tube, leading to infection. VAP can prolong hospital stays and increase the risk of morbidity and mortality. Prolonged ventilator usage can result in ventilator dependency, where the patient becomes reliant on the machine to breathe and has difficulty weaning off the ventilator. The potential risks associated with the utilization of mechanical ventilators may impede the industry's growth. The introduction of germs through the artificial airway poses an infection risk, while the repeated opening and closing of the lungs' microscopic air sacs can lead to lung injury. As a result, the usage of these devices is expected to present challenges to the ventilators market in the forecast period.

Key Market Trends

Non-Invasive Ventilation Options

Non-invasive ventilation carries a lower risk of complications compared to invasive mechanical ventilation. Intubation is an invasive procedure that can lead to complications such as ventilator-associated pneumonia, tracheal injury, and ventilator-induced lung injury. In some cases, NIV can be used for outpatient management of respiratory conditions, providing patients with the flexibility to receive treatment at home or in a less acute care setting. Non-invasive ventilation can be used as a bridge to wean patients off invasive mechanical ventilation. It allows for a gradual reduction in ventilator support, helping patients regain independent breathing. There is a growing interest in developing non-invasive ventilation options that provide effective respiratory support without the need for intubation. This could reduce the risk of complications associated with invasive mechanical ventilation.

Remote Monitoring and Data Analytics

Remote monitoring allows healthcare professionals to access real-time data on patients' ventilatory parameters, such as tidal volume, respiratory rate, airway pressure, and oxygen levels. This continuous data stream provides valuable insights into the patient's respiratory status, facilitating prompt decision-making. Continuous remote monitoring enables healthcare providers to detect subtle changes in the patient's condition promptly. Sudden fluctuations or trends in the data can trigger alerts, allowing for early intervention and preventing potential complications. With remote monitoring, healthcare professionals can minimize direct contact with the patient and the ventilator, reducing the risk of potential healthcare-associated infections, especially during infectious disease outbreaks. Ventilators with remote monitoring capabilities could provide continuous data streams to healthcare professionals, facilitating early intervention and better management of patients on mechanical ventilation.

Segmental Insights

Product Type Insights

Based on the product, the intensive care ventilator segment is anticipated to witness substantial market growth throughout the forecast period. This growth can be attributed to multiple factors, such as the clinical benefits offered by the ventilator in acute respiratory failure, compromised lung functions, or any breathing-related complications. These mechanical ventilators are extensively utilized to ensure proper ventilation and provide support in healthcare facilities. Advanced monitoring and visual decision support are among the key driving factors of these mechanical ventilators, which are expected to have a positive impact on the market share of mechanical ventilators during the forecast period.

End User Insights

Based on the end-user segment, the hospital and clinic segment has been the dominant force in the market. The increased availability of trained healthcare providers has contributed to the effective operation and utilization of ventilators, resulting in improved productivity of hospitals and a focus on delivering quality care services to customers. These factors are key drivers of market growth and will continue to propel the market forward during the forecast period. Leading players in the industry are expanding their hospital chains to enhance diagnostic capabilities and provide effective treatment. These hospitals are also investing in infrastructure to offer a comprehensive range of services to combat respiratory diseases. These developments, along with the growing preference among customers for hospital-based treatment of chronic respiratory conditions, contribute to the growth of the healthcare facilities segment. Overall, the market is poised for growth due to the convergence of these factors and the ability of hospitals to offer advanced technologies and convenient access to healthcare services.


Download Free Sample Report

Regional Insights

North America, specifically the Mechanical Ventilators Market, dominated the market in 2022, primarily due to the rising prevalence of chronic obstructive pulmonary disease (COPD) and respiratory ailments that necessitate non-invasive ventilation. The region benefits from a well-established healthcare infrastructure and the presence of key players like Becton, Dickinson, and Company (BD) in New Jersey, U.S., further driving market growth. Additionally, the North American region is witnessing increased intensive care admissions and the emergence of novel ventilation modes such as acute non-invasive ventilation, contributing to the expansion of the Mechanical Ventilators Market.

Furthermore, the Asia-Pacific region is projected to exhibit the highest compound annual growth rate (CAGR) during the forecast period of 2022-2028. This growth can be attributed to factors like the escalating prevalence of respiratory ailments like asthma and lung cancer in the region. Both non-invasive ventilation and invasive ventilation are among the modes of ventilation utilized. Moreover, the rising pervasiveness of coronavirus ailment is acting as a catalyst for the progress of the Mechanical Ventilators Market in the Asia-Pacific region.

Recent Developments

  • In January 2022, OES Medical joined the ABHI UK Pavilion at Arab Health 2022 to introduce a new mains-powered ICU ventilator aimed at supporting hospitals in managing oxygen demand.
  • In May 2021, CorVent Medical obtained CE Mark approval and launched commercial use of its RESPOND-19 Ventilator in Europe. The innovative system is designed to facilitate easy-to-use and flexible expansion of critical care ventilation capacity, enabling hospitals to enhance the treatment of critically ill patients suffering from acute respiratory distress syndrome (ARDS).
  • In 2020, Medtronic obtained approval for the use of PB560 in the United States under the FDA's EUA authority. Previously, the company shipped approximately 300 ventilators per week. It aimed to increase production from 300 to 700 ventilators per week to combat the epidemic (this number was projected to reach 1,000 ventilators per week by the end of June 2020).

Key Market Players

  • Getinge AB
  • Medtronic PLC
  • Koninklijke Philips NV
  • Smiths Medical
  • ResMed Inc.
  • Dragerwerk AG & Co. KGaA
  • GE Healthcare
  • Mindray Medical International Limited
  • Nihon Kohden Corporation
  • Vyaire Medical Inc.

 

 By Product Type

By Interface

By End User

By Region
  • Intensive Care Unit/Critical Care
  • Transport/Portable/Ambulatory
  • Neonatal Care
  • Noninvasive Ventilation
  • Invasive Ventilation
  • Hospital & Clinic
  • Home Care
  • Ambulatory Surgical Center
  • North America
  • Europe
  • Latin America
  • Middle East & Africa

 

Report Scope:

In this report, the Global Mechanical Ventilators Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

            ·         Mechanical Ventilators Market, By Product Type:

o   Intensive Care Unit/Critical Care

o   Transport/Portable/Ambulatory

o   Neonatal Care

            ·         Mechanical Ventilators Market, By Interface:

o   Non-invasive Ventilation

o   Invasive Ventilation

            ·         Mechanical Ventilators Market, By End User:

o   Hospital & Clinic

o   Home Care

o   Ambulatory Surgical Centre

            ·         Mechanical Ventilators Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

o   Asia-Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

§  Kuwait

§  Turkey

§  Egypt

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Mechanical Ventilators Market.

Available Customizations:

Global Mechanical Ventilators market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Mechanical Ventilators Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.     Markets Covered

1.2.2.     Years Considered for Study

1.2.3.     Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, Trends

4.    Voice of Customer

5.    Global Mechanical Ventilators Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Product Type (Intensive Care Unit/Critical Care, Transport/Portable/Ambulatory, and Neonatal Care)

5.2.2.    By Interface (Non-invasive Ventilation and Invasive Ventilation)

5.2.3.    By End User (Hospital & Clinic, Home Care, and Ambulatory Surgical Centre)

5.2.4.    By Region

5.2.5.    By Company (2022)

5.3.  Market Map

6.    North America Mechanical Ventilators Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Product Type

6.2.2.    By Interface

6.2.3.    By End User

6.2.4.    By Country

6.3.  North America: Country Analysis

6.3.1.    United States Mechanical Ventilators Market Outlook

6.3.1.1.        Market Size & Forecast

6.3.1.1.1.           By Value

6.3.1.2.        Market Share & Forecast

6.3.1.2.1.           By Product Type

6.3.1.2.2.           By Interface

6.3.1.2.3.           By End User

6.3.2.    Canada Mechanical Ventilators Market Outlook

6.3.2.1.        Market Size & Forecast

6.3.2.1.1.           By Value

6.3.2.2.        Market Share & Forecast

6.3.2.2.1.           By Product Type

6.3.2.2.2.           By Interface

6.3.2.2.3.           By End User

6.3.3.    Mexico Mechanical Ventilators Market Outlook

6.3.3.1.        Market Size & Forecast

6.3.3.1.1.           By Value

6.3.3.2.        Market Share & Forecast

6.3.3.2.1.           By Product Type

6.3.3.2.2.           By Interface

6.3.3.2.3.           By End User

7.    Europe Mechanical Ventilators Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Product Type

7.2.2.    By Interface

7.2.3.    By End User

7.2.4.    By Country

7.3.  Europe: Country Analysis

7.3.1.    Germany Mechanical Ventilators Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Product Type

7.3.1.2.2.           By Interface

7.3.1.2.3.           By End User

7.3.2.    United Kingdom Mechanical Ventilators Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Product Type

7.3.2.2.2.           By Interface

7.3.2.2.3.           By End User

7.3.3.    Italy Mechanical Ventilators Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value

7.3.3.2.        Market Share & Forecasty

7.3.3.2.1.           By Product Type

7.3.3.2.2.           By Interface

7.3.3.2.3.           By End User

7.3.4.    France Mechanical Ventilators Market Outlook

7.3.4.1.        Market Size & Forecast

7.3.4.1.1.           By Value

7.3.4.2.        Market Share & Forecast

7.3.4.2.1.           By Product Type

7.3.4.2.2.           By Interface

7.3.4.2.3.           By End User

7.3.5.    Spain Mechanical Ventilators Market Outlook

7.3.5.1.        Market Size & Forecast

7.3.5.1.1.           By Value

7.3.5.2.        Market Share & Forecast

7.3.5.2.1.           By Product Type

7.3.5.2.2.           By Interface

7.3.5.2.3.           By End User

8.    Asia-Pacific Mechanical Ventilators Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Product Type

8.2.2.    By Interface

8.2.3.    By End User

8.2.4.    By Country

8.3.  Asia-Pacific: Country Analysis

8.3.1.    China Mechanical Ventilators Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Product Type

8.3.1.2.2.           By Interface

8.3.1.2.3.           By End User

8.3.2.    India Mechanical Ventilators Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Product Type

8.3.2.2.2.           By Interface

8.3.2.2.3.           By End User

8.3.3.    Japan Mechanical Ventilators Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Product Type

8.3.3.2.2.           By Interface

8.3.3.2.3.           By End User

8.3.4.    South Korea Mechanical Ventilators Market Outlook

8.3.4.1.        Market Size & Forecast

8.3.4.1.1.           By Value

8.3.4.2.        Market Share & Forecast

8.3.4.2.1.           By Product Type

8.3.4.2.2.           By Interface

8.3.4.2.3.           By End User

8.3.5.    Australia Mechanical Ventilators Market Outlook

8.3.5.1.        Market Size & Forecast

8.3.5.1.1.           By Value

8.3.5.2.        Market Share & Forecast

8.3.5.2.1.           By Product Type

8.3.5.2.2.           By Interface

8.3.5.2.3.           By End User

9.    South America Mechanical Ventilators Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Product Type

9.2.2.    By Interface

9.2.3.    By End User

9.2.4.    By Country

9.3.  South America: Country Analysis

9.3.1.    Brazil Mechanical Ventilators Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Product Type

9.3.1.2.2.           By Interface

9.3.1.2.3.           By End User

9.3.2.    Argentina Mechanical Ventilators Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Product Type

9.3.2.2.2.           By Interface

9.3.2.2.3.           By End User

9.3.3.    Colombia Mechanical Ventilators Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.           By Value

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Product Type

9.3.3.2.2.           By Interface

9.3.3.2.3.           By End User

10. Middle East and Africa Mechanical Ventilators Market Outlook

10.1.   Market Size & Forecast        

10.1.1. By Value

10.2.   Market Share & Forecast

10.2.1. By Product Type

10.2.2. By Interface

10.2.3. By End User

10.2.4. By Country

10.3.   MEA: Country Analysis

10.3.1. South Africa Mechanical Ventilators Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Product Type

10.3.1.2.2.         By Interface

10.3.1.2.3.         By End User

10.3.2. Saudi Arabia Mechanical Ventilators Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Product Type

10.3.2.2.2.         By Interface

10.3.2.2.3.         By End User

10.3.3. UAE Mechanical Ventilators Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Product Type

10.3.3.2.2.         By Interface

10.3.3.2.3.         By End User

11. Market Dynamics

11.1.   Drivers

11.2.   Challenges

12. Market Trends & Developments

12.1.   Product Launches

12.2.   Mergers & Acquisitions

12.3.   Recent Developments

13. Global Mechanical Ventilators Market: SWOT Analysis

14. Competitive Landscape

14.1.   Business Overview

14.2.   Product Offerings

14.3.   Recent Developments

14.4.   Key Personnel

14.5.   SWOT Analysis

14.5.1. Getinge AB

14.5.2. Medtronic PLC

14.5.3. Koninklijke Philips NV

14.5.4. Smiths Medical

14.5.5. ResMed Inc.

14.5.6. Dragerwerk AG & Co. KGaA

14.5.7. GE Healthcare

14.5.8. Mindray Medical International Limited

14.5.9. Nihon Kohden Corporation

14.5.10.              Vyaire Medical Inc.

15. Strategic Recommendations

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

down-arrow

The market size of the Global Mechanical Ventilators Market was estimated to be USD 3.74 Billion in 2022.

down-arrow

The hospital and clinic segment demonstrated significant dominance in 2022, primarily driven by the increasing expenditure on hospitals. This financial commitment enables the adoption of technologically advanced ventilators, supported by the availability of skilled healthcare providers proficient in their operation. Moreover, the segment's growth is fueled by the growing focus on improved health outcomes and enhanced productivity within hospitals. Additionally, the constant monitoring provided by hospital staff contributes to patients' preference for these healthcare facilities. On the other hand, the home care segment is anticipated to experience the fastest growth throughout the forecast period. This growth is attributed to a rising number of government initiatives aimed at reducing healthcare expenditures by promoting home care services. The adoption of value-based healthcare is another significant factor contributing to the expansion of this market. Notably, in the U.S., Medicare reimbursements favor the provision of value-based healthcare, leading to improved patient outcomes at a lower cost. Consequently, in-home care has emerged as a preferred treatment modality and is expected to witness lucrative growth in the foreseeable future.

down-arrow

North America emerged as the dominant market in 2022, capturing a significant revenue share. The region's market growth is propelled by a substantial number of critically ill COVID-19 patients in the U.S. (4,813,647 as of 3 August 2020) and the proactive efforts of leading manufacturers to ramp up production. Notably, automotive giants like Tesla, Ford, and GM have repurposed their assembly lines to address the shortage of medical supplies such as masks, mechanical ventilators, and other devices, thus fostering the regional market's expansion. In the Asia Pacific region, notable growth is expected during the forecast period. This can be attributed to the rising cases of COVID-19, chronic respiratory diseases, increased healthcare expenditure, strategic collaborations, new product launches, and key agreements implemented by local players amidst the pandemic. A noteworthy example is the development of the non-invasive airway pressure ventilator, Swasth Vayu, by CSIR-NAL in January 2021.

down-arrow

Surging prevalence of chronic obstructive pulmonary disease and rising number of geriatric populations are the major drivers for the Global Mechanical Ventilators Market.

Related Reports

profile

Sakshi Bajaal

Business Consultant
Press Release

Mechanical Ventilators Market to Grow with a CAGR of 4.86% through 2028

Aug, 2023

Rising geriatric population and increasing prevalence of chronic conditions is expected to drive the Global Mechanical Ventilators Market growth in the forecast period, 2024-2028.

Why Choose Us