COVID-19:MECHANICAL VENTILATORS MARKET TO REACH USD 7.3 BILLION BY 2027 | CAGR 10.6% — FORENCIS RESEARCH

  • According to the new market research report “Mechanical Ventilators Market by Product Type (Critical Care, Neonatal, Transport & Portable, Others), by Mode (Non-invasive Ventilation, Invasive Ventilation), by Application (Hospital & Clinical, Home Care, Ambulatory Surgical Center, Others)by Region (Asia Pacific, Europe, Middle East & Africa, South America, North America) — Global Forecast (2020 to 2027)”, the global mechanical ventilators market is estimated to reach USD 7.3Billion by 2027 at a CAGR of around 10.6% during the review period.
  • Mechanical ventilator is an artificial breathing devices majorly used for treating patients with severe medical conditions.
  • They are mostly used in treatment of stroke, respiratory diseases, chronic obstructive pulmonary disease, and others
  • Portable ventilators are widely used in hospitals owing to faster, convenience, and continuous care to patient’s even prior to their arrival in the hospital.
  • The unpredictable dawn of COVID-19 pandemic has anticipated increasing the demand for mechanical ventilators in order to provide respiratory support to patients has resulting in growth of market during the forecasted period.
  • Increasing prevalence of Chronic Obstructive Pulmonary Disease (COPD) and respiratory disorders has expected to boost the demand for mechanical ventilator market
  • High cost of mechanical ventilators may hinder the growth of market to some extent during the forecasted period
  • North America
  • Asia-Pacific
  • GENERAL ELECTRIC COMPANY:
  • ZOLL Medical Corporation:

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