Mechanical Ventilator Market Size To Hit USD 4.22 Billion By 2030

San Francisco, 27 January 2025: The Report Mechanical Ventilator Market Size, Share & Trends Analysis Report By Product (Critical Care, Neonatal, Transport & Portable), By Ventilation Mode (Invasive, Non-invasive), By End-use, By Region, And Segment Forecasts, 2024 - 2030 The global mechanical ventilator market size is expected to reach USD 4.22 billion by 2030, registering a CAGR of 4.90% during the forecast period, according to a new report by Grand View Research, Inc. The unprecedented dawn of COVID19, increasing incidence of chronic obstructive pulmonary disease (COPD), rising incidence of respiratory emergencies, and technological innovation in respiratory care devices are the major factors driving the market for mechanical ventilators. Technical advancements such as rapid innovation in the field of Positive Airway Pressure (PAP) devices, portability, and improvement in battery life of transport and portable devices are the primary factors...