PRESS RELEASE
Published May 9, 2023
As per the study initiated by Evolve Business Intelligence, the global Ventilator Rental market size accounted for USD 4.5 Billion in 2022, growing at a CAGR of 21.2% from 2023 to 2033.The ventilator rental market refers to the renting of ventilators used for the treatment of patients with respiratory failure or breathing difficulties. The market includes rental services for various types of ventilators, such as invasive ventilators, non-invasive ventilators, and transport ventilators.The size and CAGR of the ventilator rental market depend on various factors, including the prevalence of respiratory diseases, advancements in ventilator technology, and the demand for rental services. However, due to the unprecedented impact of the COVID-19 pandemic, there has been a surge in demand for ventilators globally, leading to a significant increase in the market size.
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Key Highlights:
- The global Ventilator Rental Market size was valued at USD 4.5billion in 2022 growing at a CAGR of 21.2% from 2023 to 2033.
- North America dominated the market in 2022
- Asia Pacific is expected to fastest-growing at the highest CAGR from 2023 to 2033
Evolve Business Intelligence has published a new market research report on Global Automotive Steering Torque Sensors Market focusing in various aspects including market size and forecast, market dynamics, competitors market share analysis, market size in terms of value and volume, SWOT analysis, product benchmarking, key players recent developments, and opportunities, among others. The market has also been analyzed based on 4 indicators in the market dynamic chapter which includes Drivers, Restraints, Key Trends, and Challenges. The overall sum of these sections will help to understand the best strategies to be adopted in order to prosper through this industry over short and long terms. The quantitative analysis includes our authentic findings out of this research study where we provided additional insight into what our readers can do to embrace new opportunities or plan against threats that might hinder the market.
In terms of COVID 19 impact, the Ventilator Rental market report also includes the following data points:
- COVID19 Impact on Ventilator Rental market size
- End-User/Industry/Application Trend, and Preferences
- Government Policies/Regulatory Framework
- Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
- Opportunity in Ventilator Rental market
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Key Players
Some of the major Ventilator Rental players holding high market share include LincareHoldings ., Miller’s Rental and Sales, Inc ., KWIPPED, and Datum ElectUS Med-Equipronics. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.
The key players profiled in the report are:
- Sensor TechnologyLincare Holdings
- Miller’s Rental and Sales, Inc.
- KWIPPED
- US Med-Equip
- Viemed
- Aeroflow
- Med One Group
- Trace Medical
- Smiths Group
Segmental Analysis
Market Segment By Type with focus on market share, consumption trend, and growth rate of Ventilator Rental Market:
- Long Term Lease
- Short Term Lease
Market Segment By Application with focus on market share, consumption trend, and growth rate of Ventilator Rental Market:
- Chronic Obstructive Pulmonary Disease
- Asthma
- Respiratory Distress Syndrome
- Others
| Parameters | Details |
| Market Size (2022) | $4.5 Billion |
| CAGR (2023 to 2033) | 21.2% |
| Market Segmentation | Type, Application |
| Country Covered | US, Canada, Mexico, UK, Germany, France, Italy, Spain, Nordic Countries, BeNeLux, Rest of Europe, China, India, Japan, South Korea, Indonesia, Malaysia, Australia, Rest of Asia Pacific, Middle East & Africa, and South America |
Global Automotive Steering Torque Sensors Geographic Coverage:
- North America
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Nordic Countries
- Benelux
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Indonesia
- Malaysia
- Australia
- Rest of Asia Pacific
- Middle East and Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Rest of MEA
- Latin America
- Mexico
- Brazil
- Argentina
- Rest of Latin America
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- Detail analysis of the impact of market drivers, restraints, and opportunities
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About EvolveBI
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool – EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from fortune’s global 2000 companies.
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