Understanding Ventilators Market : A Comprehensive Market AnalysisPosted by snehal shaha on March 27th, 2024 As per the recently published report by MarketsandMarkets™, The report "Ventilators Market by Mobility (ICU, Portable), Type (Adult/Paediatric, Neonatal), Mode, Interface (Invasive, Non-invasive), End User (Hospital,Clinic, ACC, Homecare), Key Stakeholder & Buying Criteria, Unmet Need, Reimbursement - Global Forecast to 2028", is projected to reach USD 5.7 billion in 2028 from USD 4.2 billion in 2023, at a CAGR of 6.4% during the forecast period.
Some of the prominent key players are:
Mergers & acquisitions, investments & expansions, partnerships & collaborations, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the ventilator market.
In recent years, the the global market has evolved significantly due to technological advancements, such as the development of advanced portable ventilators and improvements in the sensor technologies used in ventilators. The demand for multimodal ventilators has been on the rise due to their versatility and ability to cater to a wide range of patients’ needs within a single device. These ventilators offer various ventilation modes and settings, making them suitable for treating patients with diverse respiratory conditions, from mild to severe. Particularly, during the COVID-19 pandemic, the flexibility of multimodal ventilators became essential in adapting to rapidly changing patient requirements, allowing healthcare providers to transition between modes seamlessly as patient conditions evolved. Like it? Share it!More by this author |