The market for acute respiratory distress syndrome (ARDS) is being propelled by aspects such as the growing prevalence and incidence of acute lung injury, a broad variety of ARDS risk aspects, and an augment in the number of patients with COVID-19 who have ARDS. The global market for acute respiratory distress syndrome (ARDS) is also predicted to augment as a result of aspects such as the prevalence of diseases associated with lifestyle choices, air pollution, and accidents that cause ARDS.
In addition, the increasing geriatric population assistances market growth. For instance, per United Nations Department of Economic and Social Affairs report named ‘World Population Ageing 2020 Highlights’ cited that there were nearly 700 million individuals aged 65 years or over around the world during 2020. It is predicted that the population is more than double and reaches approximately 1 billion by the coming future. Since the older populace is at high risk of getting respiratory and other illnesses, it is predicted to create the requirement for treatment, thereby propelling the market’s growth.
According to the SPER market research, ‘Acute Respiratory Distress Syndrome Market – By Type, By Cause, By Device Type, By Injury, By Route Of Administration, By End-User Industry, By Distribution Channel – Regional Outlook, Competitive Strategies and Segment Forecasts to 2030’ state that the Acute Respiratory Distress Syndrome Market is predicted to reach USD 2.97 billion by 2030 with a CAGR of 10.9%.
The growing healthcare spending and market participants’ strategic initiatives present a growth opportunity for the global acute respiratory distress syndrome (ARDS).
In addition, the hospitals/clinics are well-equipped with improved technological equipment for surgical processes and advanced treatments and the hospital sector is observing speedy growth, due to the increasing number of hospital admission with the ARDS, the growing number of patient pools, and the launch of new products by the market players are predicted to continue over the review period, and thus, propelling growth in the sector.
The growing number of hospitals by private players is also predicted to foster the growth of the market. The American Hospital Association Statistics 2022 published during January 2022 reported that during 2021, there are more than 2500 non-government not-for-profit community hospitals, and this number augmented to 2,960 during 2022 in the United States. As a result, as the number of beds accessible augments to treat ARDS patients, hence augmenting the number of hospitals assists the segment growth over the review duration. The growing number of hospital admissions and admissions in the critical care unit generates the requirement for ARDS treatment and thus propels the growth of the market.
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The acute respiratory distress syndrome treatment market is predicted to have exponential growth in North America due to the augmented research for the advancement of the new therapy and emerging guidelines for the management of patients with acute respiratory distress syndrome.
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