Ventilator Market Size, Share, Growth Analysis, By Product Type(Intensive care ventilators, portable ventilators, and neonatal ventilators), By Mobility(Non-invasive ventilation and invasive ventilation), By Type(Adult ventilators, neonatal ventilators, paediatric ventilator), By Mode(Combined-mode ventilation, volume-mode ventilation, pressure-mode ventilation, and others), By End user(Hospitals, ambulatory surgery centres, speciality clinics, long term care centres), By Region - Industry Forecast 2024-2031

Ventilator Market Drivers

• Increasing Prevalence of Respiratory Diseases

The increasing prevalence of respiratory diseases such as chronic obstructive pulmonary diseases, sleep apnea, acute lung injury, and hypoxemia are the major factor that drives the global ventilator market. In addition, increasing geriatric population, growing preterm births are also expected to drive the market growth. Moreover, high prevalence of tobacco smoking which leads to respiratory diseases also boosts the market growth.

• Increased Demand for Home Healthcare

Home healthcare provides convenience and comfort coupled with cost advantages which boost the market. The demand for home healthcare is increased due to increasing healthcare infrastructure and rising disposable income, thus acting as a significant driver for the market growth.

Ventilator Market Restraints

• Low awareness among the people

The undiagnosed and undertreated patients are increasing rapidly due to low awareness among the people regarding respiratory diseases. The increasing number of untreated patients for respiratory diseases will hinder market growth.

• Risk Associated with the Ventilator Usage

The risk associated with the use of mechanical ventilator could stop the industry expansion. There is potential of infection from germs entering through the artificial airway, more mechanical breathing is required. Lung injuries can also occur as a result of repeated opening and closing of the lungs’ tiny air sacs. Hence, the risks associated with the use of ventilator devices hindered market growth.