Growing Prevalence of Respiratory Diseases Fuels North America Ventilators Market
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 across North America. Urbanization, rise in pollution, unhealthy lifestyle habits, and high tobacco smoking prevalence are a few of the major factors leading to the surge in the number of respiratory and cardiovascular disease cases. Such disease can cause acute respiratory failure, and its treatment requires mechanical ventilation. As per the Office of Disease Prevention and Health Promotion, ~14.8 million adults in the US were diagnosed with COPD in 2020. Also, according to the 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, people suffering from asthma recorded ~1.6 million emergency department (ED) visits and 183,000 hospitalizations in the country. In addition, a ventilator assists the patient suffering from respiratory diseases and other breathing conditions, as these disorders make breathing difficult or impossible. Thus, the growing prevalence of respiratory diseases is increasing the demand for ventilators, which is fueling the North America ventilators market growth.
North America Ventilators Market Overview
The North America ventilator market is segmented into the US, Canada, and Mexico. The US held the largest share of the North American ventilator market in 2022. The high prevalence of respiratory diseases and smoking, a rise in the geriatric population, a highly developed healthcare system, a rise in healthcare expenditure, and the presence of major market players are a few of the prominent factors propelling the market growth.
North America Ventilators Market Segmentation
The North America ventilators market is segmented on the basis of mobility, clinical indication, patients, interface, mode, end user, and country.
Based on mobility, the North America ventilators market is bifurcated into intensive care ventilators and portable/transportable ventilators. The intensive care ventilators segment held a larger North America ventilators market share in 2022.
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 the largest North America ventilators market share in 2022.
Based on patients, the North America ventilators market is bifurcated into adult and pediatric & neonatal. The adult segment held a larger North America ventilators market share in 2022.
Based on interface, the North America ventilators market is divided into invasive and non-invasive. The invasive segment held a larger North America ventilators market share in 2022.
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 the largest North America ventilators market share in 2022.
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 the largest North America ventilators market share in 2022.
Based on country, the North America ventilators market is segmented into the US, Canada, and Mexico. The US dominated the North America ventilators market share in 2022.
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. are the leading companies operating in the North America ventilators market.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 2,053.28 Million |
| Market Size by 2028 | US$ 3,525.60 Million |
| CAGR (2022 - 2028) | 9.4% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Mobility
|
|
Regions and Countries Covered
|
|
| North America | US, Canada, Mexico |
| Market leaders and key company profiles |
|
The North America Ventilators Market is valued at US$ 2,053.28 Million in 2022, it is projected to reach US$ 3,525.60 Million by 2028.
As per our report North America Ventilators Market, the market size is valued at US$ 2,053.28 Million in 2022, projecting it to reach US$ 3,525.60 Million by 2028. This translates to a CAGR of approximately 9.4% during the forecast period.
The North America Ventilators Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Ventilators Market report:
The North America Ventilators Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
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