VENTILATORS MARKET ANALYSIS

Ventilators MarketSize and Trends

Increase in number of private and public hospitals attributing to the growth of ventilators market

According to World Health Organization (WHO) fact sheet 2015, around 3 million people died due to of chronic obstructive pulmonary disease (COPD), accounting for 5% of all deaths. The rising incidences of chronic diseases such as chronic obstructive pulmonary diseases (COPD), bronchitis, asthma, and increase in number of accidental cases are some of the situations where medical ventilators are used. The rising incidence rate of preterm birth, respiratory diseases, growth in geriatric population associated disorders, growing pollution level, the changing lifestyle of people and habits such as smoking and drinking leading to enhanced risk of respiratory infections, lung diseases and cancer are driving the ventilators market. According to the World Health Organization (WHO), 2017, an estimated 15 million infants are born preterm annually accounting for approximately 1 million deaths in 2015. The survey also states that three-quarters of these deaths could be prevented with the current cost-effective interventions.

Market- Trends

However, the complications associated with the use of medical ventilator such as resistance from patients and physicians for technology transition, disorders such as barotrauma, lung injury, pneumonia and high cost of medical ventilators are some of the factors restraining the growth of the global ventilators market.