Medical Ventilators Market

Worldwide Sales Of Medical Ventilators Is Poised To Expand 2.5x To Reach Us$ 3.6 Bn During 2021 To 2031| Fact.MR Forecasts

Key Takeaways

– Global medical ventilators market is anticipated to expand 2.5x by 2031 – Critical care medical ventilators in high demand, accounting for 40% of global demand in 2020 – Non-invasive medical ventilators to expand impressively at a CAGR of 12.1% by 2031 – Hospitals to remain primary medical ventilators end users, accounting for 50% of total demand – U.S to be a prominent market in North America, yielding 32% of total revenue

Key players

– Becton Dickinson and Company – Cardinal Health Inc. – GE Healthcare – Koninklijke Philips N.V – Hamilton Medical AG – Smith Medical Inc. – Drägerwerk AG – Getinge – Fisher & Paykel Healthcare – Bunnell Incorporated

Analyst  View

“Frequent incidents of pandemics and epidemics inducing respiratory complications are leading to increased hospitalization rates, prompting increased sales of medical ventilators,” comments a Fact.MR analyst

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