As a consequence of technological improvements such as enhanced portable ventilators and advancements in sensor technologies used in ventilators, the market for intensive care unit (ICU) ventilators has grown considerably in recent years. The increasing focus of key companies on technological advances in molecular diagnostics, as well as collaboration and collaborations with other organizations, has a substantial impact on the intensive care unit (ICU) ventilators market.
Data Bridge Market Research analyses that the Intensive Care Unit (ICU) Ventilators Market which is USD 604.263 million in 2022, is expected to reach USD 1,085.74 million by 2030, at a CAGR of 7.6% during the forecast period 2023 to 2030.
“Growing prevalence of respiratory disorders is bolstering the market growth”
The rise in the prevalence of chronic obstructive pulmonary disease (COPD) and other respiratory illnesses such as acute lung damage, sleep apnea, and hypoxemia are expected to drive the growth of the market. The growing frequency of preterm births, along with the rapidly aging senior population, are anticipated to fuel market growth. Furthermore, the market expansion will be fueled by the increased incidence of tobacco smoking, which promotes respiratory ailments.
What restraints the growth of the Europe Intensive Care Unit (ICU) Ventilators Market?
“Risks associated with ventilator usage will restrain the market growth"
The risks associated with utilizing mechanical ventilators may hinder the sector from growing because there is a risk of infection from germs entering through the artificial airway, it is vital to breathe more mechanically. Furthermore, repetitive opening and closure of the lungs' tiny air sacs might cause lung injury. The intensive care unit (ICU) ventilators market is likely to experience challenges due to the hazards associated with the use of devices during the forecast period of 2023-2030.
Segmentation: Europe Intensive Care Unit (ICU) Ventilators Market
The marijuana grow kits market for recreational is segmented on the basis of product type, type, mode, and end user.
- Based on product type, the market is segmented into high-end ICU ventilators, basic ICU ventilators, mid-end ICU ventilators.
- On the basis of type, the market is segmented into adult ventilators, neonatal ventilators, pediatric ventilators.
- Based on mode, the market is segmented into combined-mode ventilation, volume-mode ventilation, pressure-mode ventilation, other.
- Based on end user, the market is segmented into hospitals, specialty clinics, long term care centres, rehabilitation centres.
Regional Insights: Germany will see the highest growth rate in the Europe intensive care unit (ICU) ventilators market
Germany is predicted to grow at the fastest rate from 2023 to 2030, as it is the second most affected region by the coronavirus 2 that causes severe acute respiratory syndrome (SARS-CoV-2). Several new contracts handed to industry specialists in European countries have also enhanced ventilator production capacity.
To know more about the study, visit, https://www.databridgemarketresearch.com/reports/europe-icu-ventilators-market
The Prominent Key Players Operating in the Europe Intensive Care Unit (ICU) Ventilators Market Include:
- Koninklijke Philips N.V. (Netherlands)
- Getinge AB (Sweden)
- ResMed (U.S.)
- Medtronic (Ireland)
- Fisher & Paykel Healthcare Limited (New Zealand)
- Avasarala Technologies Limited (India)
- Allied Healthcare Products, Inc. (U.S.)
- Shenzhen Mindray Bio-Medical Electronics Co., Ltd, (China)
- Drägerwerk AG & CO. KGAA (Germany)
- Nihon Kohden Corporation (Japan)
- Asahi Kasei Corporation (Japan)
- Air Liquide (France)
- Vyaire (U.S.)
- General Electric (U.S.)
- Hamilton Medical (Switzerland)
- Smiths Group plc (U.K)
- aXcent Medical (Germany)
- Metran Co., Ltd (Japan)
- Airon Corporation (Florida)
- TRITON Electronic Systems Ltd. (Russia)
- Bio-Med Devices, (U.S.)
- Hill-Rom Holdings, Inc. (U.S.)
- HEYER Medical AG (Germany)
Above are the key players covered in the report, to know about more and exhaustive list of Europe intensive care unit (ICU) ventilators market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Europe Intensive Care Unit (ICU) Ventilators Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, global vs regional and vendor share analysis. Please request analyst call in case of further inquiry.
