Breathing Machines MarketSize and Trends

Breathing Machines Market Dynamics

Increasing number of respiratory disorders such as asthma and COPD, and rising number of surgeries are expected to drive growth of the global breathing machines market. According to the National Institute of Health data of 2014, asthma affects over 24 million people in the U.S., including over 6 million children. Breathing problems can also occur due to serious conditions such as pneumonia, tuberculosis, lung cancer, and other lung diseases. According to the World Health Organization (WHO) estimates, by 2030, the four major potentially fatal respiratory diseases including COPD, pneumonia, lung cancer, and tuberculosis will account for around one in five deaths worldwide.

Millions of people in the U.S. suffer from breathing problems such as chronic obstructive pulmonary disease (COPD), which includes chronic bronchitis and emphysema. COPD is a progressive life-threatening lung disease that causes breathlessness and predisposes to exacerbations and serious illness. In 2016, the Global Burden of Disease reported a prevalence of around 251 million cases of COPD worldwide. According to the same source, a total of 3.17 million deaths occurred due to COPD in 2015, which account for 5% of all deaths globally. COPD prevalence is expected to increase in the near future due to higher smoking prevalence and aging populations in many economies worldwide.