South & Central America Ventilators Market Forecast to 2028 – COVID-19 Impact and Regional Analysis– by Mobility (Intensive Care Ventilators and Portable/Transportable Ventilators), Clinical Indication [Medical (In General), Trauma, Neurological (Emergency Cranial Surgery or With Complex Skull Base Tumor Resections), Surgical, and Others], Patients (Adult and Pediatric & Neonatal), Interface (Invasive and Non-Invasive), Mode [Combined Mode Ventilation, Volume Mode, Ventilation, Pressure Mode Ventilation, Neurally Adjusted Ventilatory Assist (NAVA), Inverse Ratio Ventilation (IRV), Prone Ventilation, High-Frequency Oscillatory Ventilation (HFOV), High-Frequency Percussive Ventilation (HFPV), and Other], and End User [Hospitals & Clinics, Home Care, Ambulatory Care Centers, and Emergency Medical Services (EMS)]
The South & Central America ventilators market is expected to grow from US$ 368.07 million in 2022 to US$ 598.02 million by 2028; it is estimated to grow at a CAGR of 8.4% from 2022 to 2028.
Rapid Increase in Geriatric Population fuels South & Central America Ventilators Market
The rise in life expectancy worldwide drives the geriatric population growth. Most people expect to live into their sixties and beyond. A rise in the elderly population (people with age >60) has led to an increase in the geriatric ailments, leading to greater requirement of intensive care, which includes mechanical ventilation.
Elderly patients are progressively opting for intensive care unit (ICU) treatment with mechanical ventilation (MV). Non-invasive ventilation (NIV) is a better alternative to be used for elderly patients admitted to hospitals for the treatment of respiratory diseases. Aging is the main factor that contributes to the increase in chronic-degenerative disease cases, and in a few cases, it leads to the need for interventions that require admission to ICUs. Thus, rapid growth in the geriatric population is directly proportional to the demand for ventilatory support, which is fueling the South and Central America ventilators market growth.
South & Central America Ventilators Market Overview
The South & Central America ventilators market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil is expected to account for the major market share in this region. Also, it is projected to register the highest CAGR in the forecast period. Growing aging population and rising respiratory disorders are a few factors expected to witness rapid growth for the ventilator market in the coming years.
South & Central America Ventilators Market Revenue and Forecast to 2028 (US$ Million)
South & Central America Ventilators Market Segmentation
The South & Central America ventilators market is segmented on the basis of mobility, clinical indication , patients, interface, mode, end user, and country.
Based on mobility, the South & Central America ventilators market is bifurcated into intensive care ventilators and portable/transportable ventilators. The intensive care ventilators segment held a larger South & Central America ventilators market share in 2022.
Based on clinical indication, the South & Central America ventilators market is segmented into medical (in general), trauma, neurological (emergency cranial surgery or with complex skull base tumor resections), surgical, and others. The medical (in general) segment held the largest South & Central America ventilators market share in 2022.
Based on patients, the South & Central America ventilators market is bifurcated into adult and pediatric & neonatal . The adult segment held a larger South & Central America ventilators market share in 2022.
Based on interface, the South & Central America ventilators market is divided into invasive and non-invasive . The invasive segment held a larger South & Central America ventilators market share in 2022.
Based on mode, the South & Central America ventilators market is segmented into combined mode ventilation, volume mode, ventilation, pressure mode ventilation, neurally adjusted ventilatory assist (NAVA), inverse ratio ventilation (IRV), prone ventilation, high-frequency oscillatory ventilation (HFOV), high-frequency percussive ventilation (HFPV), and other. The combined mode ventilation segment held the largest South & Central America ventilators market share in 2022.
Based on end user, the South & Central America ventilators market is segmented into hospitals & clinics , home care, ambulatory care centers, and emergency medical services (EMS) . The hospitals & clinics segment held the largest South & Central America ventilators market share in 2022.
Based on country, the South & Central America ventilators market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America ventilators market share in 2022.
Dragerwerk AG & Co. KGaA; Fisher & Paykel Healthcare Limited; General Electric Co; Getinge AB; Koninklijke Philips NV; Medtronic Plc; ResMed Inc.; and VYAIRE MEDICAL, INC. are the leading companies operating in the South & Central America ventilators market.
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