How has COVID-19 Increased Medical Ventilators Deployment Soaring infection rates and fatalities form coronavirus disease (COVID-19) has immensely boosted the demand for medical ventilators. Continuous focus by the manufacturers and governments to produce medical ventilators in large quantities is expected to propel the medical ventilators market growth during the forecast period. The growing demand for portable and low-cost medical ventilators creates a significant opportunity for global medical ventilators market players to develop and launch new products and expand their businesses. For detailed insights on enhancing your product footprint, request for a sample here – https://www.factmr.com/connectus/sample?flag=S&rep_id=4727 Increasing investments in the medical ventilators market by key stakeholders and the development of new products are some of the major factors expected to boost market growth. The global medical ventilators market was valued at US$ 1.4 Bn in 2020 and is expected to exhibit a CAGR of 9.6% during the forecast period (2020 – 2030). Key Takeaways of Medical Ventilators Market Study
The critical care ventilators segment accounted for maximum value share in the global medical ventilators market in 2019, owing to its increasing use in critical care cases. Extensive use of invasive ventilators in the management of chronic respiratory failure is expected to result in a notable share of the segment in the medical ventilators market. The hospitals segment under end user accounted for over 53% of value share in the medical ventilators market, owing to high-quality clinical care in hospitals and high preference by respiratory disease patients. North America captured a notable revenue share of about 32% and is expected to be the most lucrative region in the global medical ventilators market during the forecast period. Increasing government funding is set to boost the medical industry’s growth in Asian countries. This is expected to drive the growth of the medical ventilators market in the region.
For critical insights on this market, request for methodology here – https://www.factmr.com/connectus/sample?flag=RM&rep_id=4727 Key Segments of the Medical ventilators Market Fact.MR’s study on the medical ventilators market offers information divided into four important segments— product type, technology, end user, and region. This report offers comprehensive data and information about the important market dynamics and growth parameters associated with these categories. Product Type
Critical Care Ventilators Transport Ventilators
Technology
Invasive Ventilators Non-Invasive Ventilator
End User Region Hospitals North America Ambulatory Surgical Latin America Centers Europe Long Term Care East Asia Centers South Asia Home Care Settings Oceania
Middle East and Africa
“Continuous focus on the development of portable and low-cost medical ventilators and increasing incidence of coronavirus disease across the globe is projected to propel the growth of the global medical ventilators market,” Says a Fact.MR Analyst. For in-depth competitive analysis, buy now – https://www.factmr.com/checkout/4727 Increasing Production Capacity – Imperative Strategy for Market Players Manufacturers are now focusing on boosting ventilator manufacturing capacity to meet the urgent global demand due to the COVID-19 pandemic. For instance, companies such as Medtronic, Koninklijke Philips N.V., GE Healthcare, and Getinge AB are now rapidly increasing their ventilator production by 40%-60%, to supply ventilators in response to the urgent need across the globe in the face of COVID-19. Read More Trending and Similar Reports from Fact.MR – https://www.globenewswire.com/en/newsrelease/2019/03/21/1758497/0/en/Dental-Lasers-Market-to-Surge-1-5x-through-2022-North-AmericaRemains-the-Largest-Market-Fact-MR.html Explore Fact.MR’s Comprehensive Coverage on Healthcare Landscape Neuro Critical Care Market Forecast, Trend Analysis & Competition Tracking – Global Market Insights 2018 to 2028- https://www.factmr.com/report/2284/neuro-critical-care-market Neuro Ablation Devices Market Forecast, Trend Analysis & Competition Tracking – Global Market Insights 2018 to 2028- https://www.factmr.com/report/2283/neuro-ablation-devices-market Neuralgia Treatment Market Forecast, Trend Analysis & Competition Tracking – Global Market Insights 2018 to 2028- https://www.factmr.com/report/2282/neuralgia-treatment-market About Us: Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner. Contact: US Sales Office: 11140 Rockville Pike Suite 400 Rockville, MD 20852 United States Tel: +1 (628) 251-1583 Corporate Headquarter: Unit No: AU-01-H Gold Tower (AU),
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