New York, United States, June 16, 2022 (GLOBE NEWSWIRE) — Non-Invasive Ventilators Market worth $2.85 Billion in 2030, With a CAGR of 5.91 %
The market growth is bolstered by several factors like a surge in chronic conditions among individuals across the globe, an increase in patient admissions to intensive care units (ICU), the rise in the global population level, and leading an unhealthy lifestyle.
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Pivotal insights of the Non-Invasive Ventilators Market:
- North America continued to lead the regional market with a share of almost 42.21% in 2020 with a steady rate of growth
- For Type, the ‘CPAP or continuous positive airway pressure’ significantly led the market in the year 2020.
- In the Applications sector, the ‘COPD & Asthma segment in 2020 witnessed the lion’s share with a burgeoning CAGR
- For End-User, the ‘Hospital & Clinics’ segment in 2020 bolstered the market growth with a mammoth portion of the market share.
Key facts boosting the worldwide market growth:-
- The major reason that is responsible for the augmentation of the market is the continuous surge of NCDs or chronic diseases. As per research conducted by CDC, nearly 51.8% of the adults in America are suffering from at least 1 condition of chronic disease, whereas almost 27.21% are having multiple chronic conditions. However, the…
