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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 ventilator market is highly fragmented and competitive. Major players are adopted strategic developments such as merger and acquisitions, partnerships, advanced technologies, and others to strengthen their position in the market. Key players are focused on developing the innovative products. Recently, non-healthcare companies are collaborated with healthcare companies to increased the production of ventilators and other related accessories. 'ResMed', ' Medtronic plc ', ' Philips Healthcare   ', ' GE Healthcare   ', ' Fisher & Paykel Healthcare Limited   ', ' Drägerwerk AG & Co. KGaA   ', ' Getinge AB   ', ' Hamilton Medical AG   ', ' Smiths Group plc   ', ' Vyaire Medical Inc.   ', ' Allied Healthcare Products Inc.   ', ' Air Liquide Medical Systems   ', ' Hill-Rom Holdings Inc.   ', ' Teleflex Incorporated   ', ' Becton, Dickinson and Company   ', ' Carl Reiner GmbH   ', ' Shenzhen Mindray Bio-Medical Electronics Co. Ltd.   ', ' ZOLL Medical Corporation   ', ' Beijing Aeonmed Co., Ltd.   ', ' Bunnell Incorporated '

Increasing Prevalence of Respiratory Diseases

The technological advancement in ventilators such as portable ventilator and ventilator with sensor are growing in popularity and assisting in giving clinicians real-time monitoring and data transfer. The market is growing rapidly due to increasing prevalence of respiratory diseases in emerging countries such as India, China, Japan, etc.

North America is expected to dominate the ventilator market during the forecast period. The growth of the regional market is attributed to increasing prevalence of respiratory diseases, growing geriatric population, presence of developed healthcare infrastructure and the presence of huge number of hospitals and clinics. In addition, rising disposable income, increased adoption of healthcare insurances, and rising healthcare expenditure, increasing number of ICU admissions are the factors which propel the market growth.

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Global Ventilator Market

Product ID: SQMIG35A2176