ICU ventilators market is expected to gain market growth with a CAGR of 7% in the forecast period of 2021 to 2027 and is expected to reach USD 3,114.45 million by 2027
The increase in ICU beds is driving the market in the forecast period. The growing prevalence of chronic respiratory diseases is accelerating the use of market-leading ICU ventilator products. High cost ventilators are a market constraint. Increasing medical expenditures are creating opportunities for the market. A rigorous legal framework poses a challenge for the global ICU ventilator market.
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The major players covered in the report are Medtronic, Koninklijke Philips N.V, GE Healthcare (A Subsidiary of GENERAL ELECTRIC), Shenzhen Mindray Bio-Medical Electronics Co., Ltd, SCHILLER, Dragerwerk AG & Co. KGaA, VYAIRE, Hamilton Medical, Lowenstein Medical Technology GmbH + Co. KG., HEYER Medical AG
On the basis of product type, the market is segmented into high-end ICU ventilators, basic ICU ventilators and mid-end ICU ventilators. In 2020, high-end ICU ventilators segment is expected to dominate the market due to significantly impacts of high-end ICU ventilators on patients on with transpulmonary pressure measurement and integrated/high flow oxygen therapy. Moreover, high-end ICU ventilators are more effective as life support device for severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2) patients.
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Scope of the Report
The research study analyzes the global ICU-Ventilator industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by ICU-Ventilator Market Report
1. What was the ICU-Ventilator Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2021-2027).
2. What will be the CAGR of ICU-Ventilator Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2018? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the ICU-Ventilator Market was the market leader in 2018?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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