A rise in the number of private and public hospitals is fueling the growth of the ventilators market
The ventilators market in Asia Pacific is being driven by ageing populations, expenditures to address a scarcity of ventilators, the expansion of private hospitals in rural areas, and a growing economy. According to a survey done by the Public Library of Science in 2016, operable mechanical ventilators were available for only half of China's ICU beds (5.1 mechanical ventilators/100,000 persons), indicating a serious medical resource scarcity in China's healthcare settings.
North America dominates the ventilators sector due to the increased prevalence of cardiovascular disorders.
The regional segmentation of the worldwide Ventilators Market North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. North America leads the ventilators market, followed by Europe. In 2017, roughly 92.1 million American adults suffered from cardiovascular disease or the aftereffects of a stroke, according to the American Heart Association. According to a 2014 study conducted by Columbia University's Department of Anesthesiology, ICU occupancy ranged from 57.4 percent to 82.1 percent, and the number of beds filled with mechanically ventilated patients ranged from 20.7 percent to 38.9 percent, driving the growth of the ventilators market in North America.
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Source Link @ https://www.coherentmarketinsights.com/market-insight/ventilators-market-1220
