At 9.4% CAGR, the North America Ventilators Market is projected to be worth US$ 3,525.60 million by 2028, says Business Market Insights

According to Business Market Insights’ research, the North America ventilators market was valued at US$ 2,053.28 million in 2022 and is expected to reach US$ 3,525.60 million by 2028, registering a CAGR of 9.4% from 2022 to 2028. Growing prevalence of respiratory diseases are the critical factors attributed to the North America ventilators market expansion.

Respiratory diseases such as chronic obstructive pulmonary disease (COPD), asthma, acute lower respiratory tract infections, tuberculosis, and lung cancer are among the most common causes of severe illness and death. Urbanization, growing pollution, unhealthy lifestyle habits, and high tobacco smoking prevalence are among the factors leading to the surge in the number of respiratory and cardiovascular disease cases. These diseases can cause acute respiratory failure, treatment of which requires mechanical ventilation. Per the Office of Disease Prevention and Health Promotion, ~14.8 million adults in the US were diagnosed with COPD in 2020. Per estimates by the Centers for Disease Control and Prevention (CDC), ~24.8 million people in the US were suffering from asthma in 2018. Moreover, in 2017, asthma resulted in an estimated 1.6 million emergency department (ED) visits and 183,000 hospitalizations in the country. A ventilator assists the patient with respiratory diseases or other such conditions in breathing as these disorders make breathing difficult or impossible. Thus, the growing prevalence of respiratory diseases increasing demand for ventilators fueling the North America ventilators market growth.

On the contrary, complications associated with the use of ventilators hampers the North America ventilators market .

Based on mobility, the North America ventilators market is segmented into intensive care ventilators and portable/transportable ventilators. The intensive care ventilators segment held 65.0% share of North America ventilators market  in 2022, amassing US$ 1,334.14 million. It is projected to garner US$ 2,255.14 million by 2028 to expand at 9.1% CAGR during 2022–2028.

Based on clinical indication, the North America ventilators market is segmented into medical (in general), trauma, neurological (emergency cranial surgery or with complex skull base tumor resections), surgical, and others. The medical (in general) segment held 44.3% share of North America ventilators market in 2022, amassing US$ 908.60 million. It is projected to garner US$ 1,516.89 million by 2028 to expand at 8.9% CAGR during 2022–2028.

Based on patients, the North America ventilators market is segmented into adult and pediatric & neonatal. The adult segment held 86.3% share of North America ventilators market in 2022, amassing US$ 1,772.35 million. It is projected to garner US$ 3,100.05 million by 2028 to expand at 9.8% CAGR during 2022–2028.

Based on interface, the North America ventilators market is segmented into invasive and non-invasive. The invasive segment held 58.4% share of North America ventilators market in 2022, amassing US$ 1,199.15 million. It is projected to garner US$ 2,013.07 million by 2028 to expand at 9.0% CAGR during 2022–2028.

Based on mode, the North America ventilators market is segmented into combined mode ventilation, volume mode, ventilation, pressure mode ventilation, neurally adjusted ventilatory assist (NAVA), inverse ratio ventilation (IRV), prone ventilation, high-frequency oscillatory ventilation (HFOV), high-frequency percussive ventilation (HFPV), and other. The combined mode ventilation segment held 44.2% share of North America ventilators market in 2022, amassing US$ 908.12 million. It is projected to garner US$ 1,663.23 million by 2028 to expand at 10.6% CAGR during 2022–2028.

Based on end user, the North America ventilators market is segmented into hospitals & clinics, home care, ambulatory care centers, and emergency medical services (EMS). The hospitals & clinics segment held 67.9% share of North America ventilators market in 2022, amassing US$ 1,393.53 million. It is projected to garner US$ 2,455.31 million by 2028 to expand at 9.9% CAGR during 2022–2028.

Based on country, the North America ventilators market  has been categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 83.7% share of North America ventilators market  in 2022. It was assessed at US$ 1,718.42 million in 2022 and is likely to hit US$ 2,977.22 million by 2028, exhibiting a CAGR of 9.6% during the forecast period.

Key players dominating the North America ventilators market  are Dragerwerk AG & Co. KGaA; Fisher & Paykel Healthcare Limited; General Electric Co; Getinge AB; Hamilton Medical; Koninklijke Philips NV; Medtronic Plc; ResMed Inc.; and VYAIRE MEDICAL, INC., among others.

• In June 2021; Vyaire Medical's new distribution partnership in India significantly expands the company's footprint and provides greater accessibility to high-quality pulmonary screening, testing, and treatment for the country's 1.4 billion people. The partnership brings Vyaire Medical's portfolio of diagnostic and treatment products to doctors, clinics, hospitals, universities, and diagnostic centers at a time when the respiratory disease burden of the country has been further stretched because of the COVID-19 pandemic. 

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