Lucintel Forecasts Life Support Device Market to Reach $XX Billion by 2028

According to the recent study the life support device market is projected to reach an estimated $XX billion by 2028 from $XX billion in 2023, at a CAGR of 7% to 9% from 2023 to 2028. Growth in this market is primarily driven by growing prevalence of critical disorder, increasing adoption of advanced healthcare technologies, and rising geriatric population.

Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in life support device market by device type (continuous positive airways pressure devices, enteral feeding pumps, external heart pumps, haemodialysis machines, intermittent peritoneal dialysis machines, nebulizers, oxygen concentrators, phototherapy equipment, power wheelchairs for quadriplegics, total parental nutrition, and ventilators), product type (installed and portable), end use industry (hospitals, clinics, trauma centres, ambulatory surgical centres, emergency medical service, and others) and region (North America, Europe, Asia Pacific, and the Rest of the World).

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“Hospitals market is expected to remain the largest segment during the forecast period.”

Based on end use industry, the life support device market is segmented into hospitals, clinics, trauma centres, ambulatory surgical centres, emergency medical service, and others. Lucintel forecasts that the hospitals market is expected to remain the largest segment due to increasing number of multispecialty and community hospital and growing government initiatives towards routine diagnosis and treatment of patients.

“North America will dominate the life support device market in near future”

North America will remain the largest region due to the presence of major players, rapid adoption of advanced medical technologies and prevalence of favorable reimbursement policies in the region.

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Major players of life support device market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Skanray Technologies Ltd., Patten co., Inc., SKF Motion Technologies, Life Support Systems, Medicop, BD, Baxter, and BPL Medical Technologies are among the major life support device providers. This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link or [email protected]

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