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The ventilators market is forecasted to achieve notable growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 10%, as per The Business Research Company’s market report!

Read More On The Ventilators Market Report 2022 – https://www.thebusinessresearchcompany.com/report/ventilators-global-market-report

The Ventilators Market Size In 2022 And Forecast
The global ventilators market grew from $3.73 billion in 2021 to $4.12 billion in 2022 at a compound annual growth rate (CAGR) of 10.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The ventilators market is expected to grow to $6.08 billion in 2026 at a CAGR of 10.2%.

The ventilator devices market consists of sales of ventilators used in respiratory care for patients with acute or chronic respiratory disorders.

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Rise In The Prevalence Of Respiratory Diseases Is Driving The Growth Of The Ventilators Market
For instance, as of December 2020, 67.9 million COVID-19 cases were reported. Coronavirus infects the lungs causing pneumonia and other respiratory disorders affecting patients’ respiration. The emergence of such infectious diseases resulting in a pandemic is driving the ventilator market.

Competitive Landscape And The Regional Analysis Of The Ventilators Market
Major players in the ventilators market are Philips Healthcare, ResMed, Medtronic, Becton, Dickinson and Company, GE Healthcare, Hamilton Medical, Dräger, Getinge, Smiths Group, and Fisher & Paykel.

Additionally, as per TBRC’s research – Asia Pacific was the largest region in the ventilators market in 2021 holding the largest market share.

The Ventilators Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the ventilators market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the ventilators market.

Increasingly Expanding Their Ventilator Production Capabilities – A Key Trend In The Ventilators Market
The companies in the ventilator market are increasingly expanding their ventilator production capabilities realizing the current demand due to the outbreak of the COVID-19 pandemic. COVID-19 is a respiratory disease caused by the coronavirus that infects the lungs causing pneumonia and other respiratory conditions. The patients affected with the virus suffer from severe pneumonia and lung dysfunction resulting in the need for ventilator support for respiration.

Ventilators Market Segmentation By The Business Research Company

1) By Type: Intensive Care Unit/Critical Care, Transport/Portable/Ambulatory, Neonatal

2) By End-User: Hospitals and Clinics, Home care, Ambulatory Care Centers, Other End Users

3) By Interface: Invasive, Non-Invasive

Here Are Some Reports Related To The Ventilators Market –

Tele-Intensive Care Global Market Report 2022

Non-Invasive Prenatal Testing Global Market Report 2022

Hospitals And Outpatient Care Centers Global Market Report 2022

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