The increasing geriatric population base requiring long term ventilation is expected to drive the demand for healthcare facilities offering long-term treatment for chronic respiratory conditions.
JERSEY CITYNJ , Oct. 28, 2022 /PRNewswire/ — Verified Market Research recently published a report, “Ventilators Market” By Product (Intensive Care Ventilators, Portable Ventilators), By Interface (Invasive Ventilation, Non-Invasive Ventilation), By End-User (Hospitals, Home Healthcare, Others), and By Geography.
As per the deep research carried out by Verified Market Research, the global Ventilators Market size was valued at USD 856.83 Million in 2019 and is projected to reach USD 1492.79 Million by 2027, growing at a CAGR of 7.75% from 2020 to 2027.
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202 – Pages
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37 – Figures
Global Ventilators Market Overview
The increasing prevalence of respiratory diseases is the primary factor driving the global ventilators market. Chronic obstructive pulmonary disease (COPD) and asthma are the most prevalent respiratory disorders across the globe. The rising prevalence of these diseases increases hospital admission rates and readmission of the affected patients, thus boosting the demand globally. Moreover, the rise in the geriatric population, who are prone to respiratory disorders, and the increase in government expenditures on the healthcare industry is upsurging need worldwide. Furthermore, advantages such as increased mean airway pressure, protection against barotrauma, and increased duration of alveolar recruitment have positively anticipated in propelling the growth of the global ventilators market.
There are certain challenges and restraints faced that will hinder the overall market growth. The factors such as reimbursement concerns are limiting the market growth. Many patients rely …