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New study: Ventilator market 8% CAGR and projected to reach US$ 1,262 million to 2023

The global ventilator market is projected to reach USD 1,261.9 Million by 2023 from USD 859.9 Million in 2018, at a CAGR of 8.0%. Rapid growth in the geriatric population, increasing incidence of preterm births, and rising number of ICU beds are the major factors driving the growth of the ventilator market.

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Prominent players in ventilator market are Philips Healthcare (Netherlands), ResMed (US), Medtronic (Ireland), Becton, Dickinson and Company (US), Getinge (Sweden), Dräger (Germany), Smiths Group (UK), Hamilton Medical (Switzerland), GE Healthcare (US), Fisher & Paykel (New Zealand), Air Liquide (France), Zoll Medical (US), Allied Healthcare Products (US), Airon Mindray (China), and Schiller (Switzerland).

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The global ventilators market is segmented into intensive care ventilators and portable/transportable ventilators. The intensive care ventilators segment is further categorized into high-end ICU ventilators, mid-end ICU ventilators, and basic ICU ventilators.

The portable/transportable ventilators segment is expected to grow at the highest CAGR during the forecast period.

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Report analyzes ventilator market by mobility, mode, interface, type, end user, and region. On the basis of mobility, the intensive case ventilators segment accounted for largest share of global ventilators market in 2017.

The large share of the intensive care ventilators segment can be attributed to the rising number of intensive care beds equipped with ventilators.

Global Ventilator Market, by Mode

  • Combined Mode Ventilation
  • Volume Mode Ventilation
  • Pressure Mode Ventilation
  • Others {(Proportional Assist Ventilation (PAV), Neurally Adjusted Ventilatory Assist (NAVA), Inverse Ratio Ventilation (IRV), Prone Ventilation, High-Frequency Oscillatory Ventilation (HFOV), and High-Frequency Percussive Ventilation (HFPV)}

Global Ventilator Market, by End User

  • Hospitals and Clinics
  • Home Care
  • Ambulatory Care Centers
  • Emergency Medical Services (EMS)

North America accounted for the largest share of the ventilator market in 2017, followed by Europe and Asia Pacific. Rising geriatric population, high prevalence of smoking, high prevalence of respiratory diseases, highly developed healthcare system, high healthcare expenditure, and the presence of major market players in US are key factors attributed to large share of ventilators market in North America.

Connect for More Details for More Information “Ventilator Market by Mobility (Intensive Care, Portable), Type (Adult, Infant), Mode (Volume, Pressure, Combined), Interface (Invasive, Non-invasive), End User (Hospital, Home Care, Ambulatory Care Center, EMS) - Global Forecast to 2023” report @…ame=677638 .

Research Coverage:

Report analyzes various ventilators & their adoption pattern. It aims at estimating market size & future growth potential of ventilators market for different segments like mobility, type, interface, mode, end user, & region.

Report also includes an in-depth competitive analysis of key players in this market along with their company profiles, product offerings, SWOT analysis, recent developments, & key market strategies.

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The report will enrich established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn would help them, garner a greater share. Firms purchasing the report could use one or any combination of the below-mentioned five strategies for strengthening the market.

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