Rapid Increase in Geriatric Population fuels South & Central America Ventilators Market
The rise in life expectancy worldwide drives the geriatric population growth. Most people expect to live into their sixties and beyond. A rise in the elderly population (people with age >60) has led to an increase in the geriatric ailments, leading to greater requirement of intensive care, which includes mechanical ventilation.
Elderly patients are progressively opting for intensive care unit (ICU) treatment with mechanical ventilation (MV). Non-invasive ventilation (NIV) is a better alternative to be used for elderly patients admitted to hospitals for the treatment of respiratory diseases. Aging is the main factor that contributes to the increase in chronic-degenerative disease cases, and in a few cases, it leads to the need for interventions that require admission to ICUs. Thus, rapid growth in the geriatric population is directly proportional to the demand for ventilatory support, which is fueling the South and Central America ventilators market growth.
South & Central America Ventilators Market Overview
The South & Central America ventilators market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil is expected to account for the major market share in this region. Also, it is projected to register the highest CAGR in the forecast period. Growing aging population and rising respiratory disorders are a few factors expected to witness rapid growth for the ventilator market in the coming years.
South & Central America Ventilators Market Segmentation
The South & Central America ventilators market is segmented on the basis of mobility, clinical indication, patients, interface, mode, end user, and country.
Based on mobility, the South & Central America ventilators market is bifurcated into intensive care ventilators and portable/transportable ventilators. The intensive care ventilators segment held a larger South & Central America ventilators market share in 2022.
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 the largest South & Central America ventilators market share in 2022.
Based on patients, the South & Central America ventilators market is bifurcated into adult and pediatric & neonatal. The adult segment held a larger South & Central America ventilators market share in 2022.
Based on interface, the South & Central America ventilators market is divided into invasive and non-invasive. The invasive segment held a larger South & Central America ventilators market share in 2022.
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 the largest South & Central America ventilators market share in 2022.
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 the largest South & Central America ventilators market share in 2022.
Based on country, the South & Central America ventilators market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America ventilators market share in 2022.
Dragerwerk AG & Co. KGaA; Fisher & Paykel Healthcare Limited; General Electric Co; Getinge AB; Koninklijke Philips NV; Medtronic Plc; ResMed Inc.; and VYAIRE MEDICAL, INC. are the leading companies operating in the South & Central America ventilators market.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 368.07 Million |
| Market Size by 2028 | US$ 598.02 Million |
| CAGR (2022 - 2028) | 8.4% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Mobility
|
|
Regions and Countries Covered
|
|
| South and Central America | Brazil, Argentina, Rest of South and Central America |
| Market leaders and key company profiles |
|
The South & Central America Ventilators Market is valued at US$ 368.07 Million in 2022, it is projected to reach US$ 598.02 Million by 2028.
As per our report South & Central America Ventilators Market, the market size is valued at US$ 368.07 Million in 2022, projecting it to reach US$ 598.02 Million by 2028. This translates to a CAGR of approximately 8.4% during the forecast period.
The South & Central 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 South & Central America Ventilators Market report:
The South & Central America Ventilators Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South & Central America Ventilators Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South & Central America Ventilators Market value chain can benefit from the information contained in a comprehensive market report.
Please tell us your area of interest
(Market Segments/ Regions and Countries/ Companies)
E 1803, Panchshil Towers,
Wagholi, Haveli,
Pune - 412207,
Maharashtra, India
US:+1 646 791 7070
sales@businessmarketinsights.com
Get Free Sample For South & Central America Ventilators Market
