North America Ventilators Market Regional Share, Global Size, Trends, Segmentation and Forecast to 2028

The North America ventilators market is expected to grow from US$ 2,053.28 million in 2022 to US$ 3,525.60 million by 2028; it is estimated to register a CAGR of 9.4% from 2022 to 2028.

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.

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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.

📚𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭 𝐋𝐢𝐧𝐤 @ https://www.businessmarketinsights.com/reports/north-america-ventilators-market

𝐓𝐡𝐞 𝐋𝐢𝐬𝐭 𝐨𝐟 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬

Dragerwerk AG & Co. KGaA

Fisher & Paykel Healthcare Limited

General Electric Co

Getinge AB

Hamilton Medical

Koninklijke Philips NV

Medtronic Plc

ResMed Inc

VYAIRE MEDICAL, INC.

The North American ventilators market is experiencing significant growth, driven by a confluence of factors that have reshaped the healthcare landscape. Notably, the COVID-19 pandemic served as a major catalyst, dramatically increasing the demand for both invasive and non-invasive ventilators. This surge highlighted the critical role of these devices in managing respiratory distress, leading to increased production and technological advancements. Beyond the pandemic's immediate impact, the market's expansion is also fueled by the rising prevalence of chronic respiratory diseases, such as chronic obstructive pulmonary disease (COPD) and sleep apnea. An aging population further contributes to this trend, as older individuals are more susceptible to respiratory ailments requiring ventilatory support.

Technological innovation is a key driver of market growth. Manufacturers are focusing on developing more portable, user-friendly, and technologically advanced ventilators. This includes the integration of smart sensors, artificial intelligence, and remote monitoring capabilities, enabling more personalized and effective patient care. The shift towards home healthcare is also influencing market dynamics, with increasing demand for portable and home-based ventilators. This trend is supported by government initiatives aimed at reducing healthcare costs and improving patient outcomes.

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