Medley of Macro Factors Coupled with Rising R&D Investments to Drive Opportunities in the Global Mechanical Ventilators Market
Rapidly aging population, rise in chronic respiratory diseases such as COPD, the launch of advanced new technologies and ventilation formats, and rising demand for neonatal ventilators are poised to drive the global market for Mechanical Ventilators to reach US$7 billion by 2024 . The global mechanical ventilators is set to exhibit a strong growth, driven by the increasing aging population, growing incidence of chronic respiratory diseases, such as Chronic Obstructive Pulmonary Disease (COPD), and increase in critical care admissions. Rapid urbanization, rising pollution levels, , growing incidence of preterm births, and rising prevalence of smoking are the other growth propellers. Technological advancement in the field represents a key demand driver for mechanical ventilators. Technological innovations are focused upon improving synchrony between the patient and ventilator; reducing the risk of lung injuries caused due to high inspiratory pressure; reducing alarm fatigue; and stru...