Global Mechanical Ventilators Market Sees Steady Growth Amidst Technological Advancements
The global market for mechanical ventilators continues to witness steady growth, with a valuation of USD 5,970 million in 2021 and an estimated compound annual growth rate (CAGR) of 4.7% between 2023 and 2032. This insight comes from a comprehensive report published by Market.us, a leading provider of industry analysis and market research. The surge in demand for mechanical ventilation products in 2021, primarily attributed to the unprecedented challenges posed by the COVID-19 pandemic, drove significant growth in the market. Manufacturers and governments responded swiftly to the urgent need, resulting in a rapid influx of mechanical ventilators worldwide. Critical care…
- Date: May 24, 2024
- Author: Robert Shaw
- Category: PharmiWeb