According to MarkNtel Advisors study the Global Ventilator Market is projected to grow at around 13% CAGR during the forecast period, i.e., 2023-28.

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Key Findings of the Study: Ventilator market

Key Growth Driver: Ever-Increasing ICU Admissions Due to Rising Incidence of Respiratory Diseases

The mounting prevalence of both chronic & acute respiratory illnesses like COPD, bronchial asthma, acute lung injury, and hypoxemia, among others, due to the increasing number of tobacco consumers worldwide, is the primary factor anticipated to drive the Global Ventilator Market during 2023-28. With the constantly rising incidence of such diseases, the world is witnessing rapidly increasing ICU admissions as patients with these conditions require critical care equipment, including ventilators, the demand for which is surging at a significant pace globally.

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Scope of the Report and Ventilator Market Segmentation:

By Type

• Adult/Pediatric Ventilation
• Infant/Neonatal Ventilation

By Interface

• Invasive Ventilation
• Non-Invasive Ventilation

By Mode

• Combined-Mode Ventilation
• Volume-Mode Ventilation
• Pressure Mode Ventilation

By Mobility

• Portable
• Intensive Care

Here, Intensive Care ventilators hold a larger share of the global market.

By End-User

• Hospitals and Clinics
• Home care
• Ambulatory Care Centers
• Emergency Medical Services

For more detailed information about the Ventilator market report, click here – https://www.marknteladvisors.com/research-library/global-ventilator-market.html

Ventilator Market Competitive Landscape

• Philips
• ResMed
• Medtronic
• Becton Dickinson
• GEHealthcare
• Getinge
• Air Liquide
• Hamilton Medical
• Smith’s Group
• Drager
• Fisher and Paykel

Geographical Analysis:

By Region

• North America
• South America
• Europe
• Asia-Pacific
• Middle East & Africa

Of all regions, North America is the largest Ventilator Market globally, i.e., driven by world-class medical facilities, massive investments in the healthcare sector, and the surging prevalence of chronic respiratory illnesses, such as asthma, COPD, etc., due to rapidly growing tobacco consumption in the region.

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