MECHANICAL VENTILATORS MARKET ANALYSIS

Regional Analysis

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North America remains the dominant region in the global genome engineering market and is estimated to hold 38.7% of the market share in 2024. The presence of leading medical device manufacturers, such as Medtronic, ResMed, and many others, has led to strong production capabilities and technological expertise in the region. Moreover, the large healthcare expenditure and presence of advanced healthcare infrastructure have ensured a huge demand for critical care equipment like mechanical ventilators. The U.S. alone accounts for over half the market size in the region attributable to the large patient population and demand for advanced respiratory care equipment.

The fastest growing region for the mechanical ventilators market is Asia Pacific excluding Japan. Several factors are contributing to the rise of APEJ. There is a large patient pool suffering from chronic respiratory diseases due to growing geriatric population, pollution, and changing lifestyles. This is generating increased needs for ventilators. Additionally, developing healthcare infrastructure and governments' priorities on non-communicable diseases are raising ventilator access. The presence of medical device manufacturing hubs in countries like China and India is also boosting local production.