The global ventilators market is expected to reach USD 1,600.1 Million by 2027, according to a new report by Emergen Research.
The demand for ventilators is experiencing a high demand from hospital, ambulatory care centers, home care settings, and emergency medical services, attributable to its functionality to support respiration during injury, sickness, or sedation/anesthesia in the course of surgeries/operation The increasing occurrences of respiratory diseases encompassing respiratory syndrome, asthma, and abrupt respiratory disease epidemics like SARS-CoV-2/COVID-19 are among the significant factor driving the demand for the ventilator market.
The evolutions of cost-effective, patient-friendly, and portable ventilators are gathering considerable momentum among end-users, thereby boosting the market demand. However, a cost-prohibitive of maintenance of ventilators, its detrimental effects on infants, and difficulties pertaining to the usage of the equipment may create hindrances in the ventilator market demand in the upcoming years.
A growing population of people smoking tobacco (both active and passive), as well as rapid urbanization and growing level of the population, are causative of accelerating growth of the market. The pollution of air obstructs air passage causing asthma, reduced lung function, and reactive airways dysfunction syndrome, and tobacco smoking lead to hyper-responsiveness of air passage, thereby creating a need for ventilators to give relief to ailing patients.