Report : South & Central America Ventilators Market Forecast to 2028 – COVID-19 Impact and Regional Analysis– by Mobility (Intensive Care Ventilators and Portable/Transportable Ventilators), Clinical Indication [Medical (In General), Trauma, Neurological (Emergency Cranial Surgery or With Complex Skull Base Tumor Resections), Surgical, and Others], Patients (Adult and Pediatric & Neonatal), Interface (Invasive and Non-Invasive), Mode [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], and End User [Hospitals & Clinics, Home Care, Ambulatory Care Centers, and Emergency Medical Services (EMS)]
At 8.4% CAGR, the South & Central America Ventilators Market is speculated to be worth US$ 598.02 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the South & Central America ventilators market was valued at US$ 368.07 million in 2022 and is expected to reach US$ 598.02 million by 2028, registering a CAGR of 8.4% from 2022 to 2028. Growing prevalence of respiratory diseases are the critical factors attributed to the South & Central 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. 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 South & Central America ventilators market growth.
On the contrary, complications associated with the use of ventilators hampers the South & Central America ventilators market.
Based on mobility, the South & Central America ventilators market is segmented into intensive care ventilators and portable/transportable ventilators. The intensive care ventilators segment held 64.4% share of South & Central America ventilators market in 2022, amassing US$ 237.03 million. It is projected to garner US$ 379.06 million by 2028 to expand at 8.1% CAGR during 2022–2028.
Based on clinical indication, the South & Central 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 53.6% share of South & Central America ventilators market in 2022, amassing US$ 197.20 million. It is projected to garner US$ 314.64 million by 2028 to expand at 8.1% CAGR during 2022–2028.
Based on patients, the South & Central America ventilators market is segmented into adult and pediatric & neonatal. The adult segment held 85.5% share of South & Central America ventilators market in 2022, amassing US$ 314.87 million. It is projected to garner US$ 521.23 million by 2028 to expand at 8.8% CAGR during 2022–2028.
Based on interface, the South & Central America ventilators market is segmented into invasive and non-invasive. The invasive segment held 58.9% share of South & Central America ventilators market in 2022, amassing US$ 216.80 million. It is projected to garner US$ 344.46 million by 2028 to expand at 8.0% CAGR during 2022–2028.
Based on mode, the South & Central 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 44.6% share of South & Central America ventilators market in 2022, amassing US$ 164.21 million. It is projected to garner US$ 284.43 million by 2028 to expand at 9.6% CAGR during 2022–2028.
Based on end user, the South & Central America ventilators market is segmented into hospitals & clinics, home care, ambulatory care centers, and emergency medical services (EMS). The hospitals & clinics segment held 68.4% share of South & Central America ventilators market in 2022, amassing US$ 251.93 million. It is projected to garner US$ 419.93 million by 2028 to expand at 8.9% CAGR during 2022–2028.
Based on country, the South & Central America ventilators market has been categorized into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that Brazil captured 67.1% share of South & Central America ventilators market in 2022. It was assessed at US$ 247.12 million in 2022 and is likely to hit US$ 407.97 million by 2028, exhibiting a CAGR of 8.7% during the forecast period.
Key players dominating the South & Central America ventilators market are Dragerwerk AG & Co. KGaA; Fisher & Paykel Healthcare Limited; General Electric Co; Getinge AB; 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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