Medical Ventilator Market Set for Robust Growth Expected to Reach US$ 4.8 Billion by 2034 | Fact.MR Report [Yahoo! Finance]
Becton, Dickinson and Company (BDX)
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Source: Yahoo! Finance
Rockville, MD , Dec. 18, 2024 (GLOBE NEWSWIRE) -- The global Medical Ventilator Market is estimated at US$ 1.9 billion in 2024 and is foreseen to increase at a CAGR of 9.9% during the next 10 years (2024 to 2034), estimates Fact.MR, a market research and competitive intelligence provider, in its recently updated research report. Rising cases of chronic respiratory disorders and a surge in the cases of COVID-19 mutations across the world are creating lucrative opportunities for medical ventilator suppliers. Chronic obstructive pulmonary disease (COPD) is one of the major disorders hampering the health of many individuals. Most of these patients require air respiratory devices to combat the adverse effects of COPD. According to the World Health Organization, in low- and middle-income economies, approximately 90% of COPD patients under the age of 70 pass away. Ups and downs in cases related to corona variants are expected to drive the need for medical ventilators in healthcare set
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