Rising Prevalence of Chronic Diseases Boost Ventilators Demand

The ventilator industry garners $1,560.30 million revenue, and is projected to contribute $2,887.32 million revenue in 2030, rising at a rate of 7.1%. It is led by the growing prevalence of chronic diseases such as asthma, and chronic obstructive pulmonary disease across the world.

In addition, the industry is projected to rise in the coming years, due to increasing incidences of preterm births, a surging elderly population, a rising number of ICU beds, and a growing number of COVID-19 patients.

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Ventilators are also known as breathing machines. They help the lungs to work effectively. It serves as a lifesaving machine if you have developed a disease that makes breathing difficult on your own.

It helps in pushing the air in and out of the lungs to cater to the oxygen need of the body. A fitted mask can help in getting enough oxygen from the ventilator to the lungs. In a more serious condition, a breathing tube is inserted down the throat for supplying oxygen to the lungs.

A doctor or respiratory therapist controls the amount of oxygen that needs to be pushed into the lungs by the ventilator.

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Ventilators serve as breathing aids and are widely used in healthcare facilities, including nursing homes, hospitals, private residences, and long-term care institutions. Severe COVID-19 patients at high risk of respiratory failure can be benefitted effectively through ventilators.

Moreover, the rising demand for home healthcare services provides better opportunities to industry players. The home healthcare ventilator demand is rising, due to the convenience offered them and low cost.

The invasive ventilator captures the largest share of the industry, accounting for over 60%. It is owed to the rising number of ICU beds equipped with ventilators, increasing incidences of respiratory diseases, and surging cases of surgical procedures. Besides this, the rise in hospital admissions, more specifically due to COVID-19 propels the industry.

Invasive ventilators are major components integrated into the ICUs and emergency rooms for the treatment of ill patients. In addition, the devices provide ease of breathing to patients and are crucial for delivering emergency medical services and providing a guarantee to patients for early recovery.

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