Mechanical Ventilators Market Is Expected to Reach $3.9 Billion, Globally, by 2022
Intensive care mechanical ventilators segment dominated the market in 2015, and this growth is attributed to the increase in number of patients suffering from chronic diseases. The portable mechanical ventilators segment is projected to grow with the highest CAGR of 7.2% (Value terms) from 2016 to 2022. This is due to the growing adoption of easy-to-use portable mechanical ventilators among the geriatric patient population and the preference from invasive ventilation to non-invasive ventilation.
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