The global respiratory ventilators market will expand to $1.5bn by 2028, at a steady compound annual growth rate (CAGR) of 2.8%, driven by aging populations, an increasing number of intensive care unit (ICU) admissions, and expanding demand for respiratory devices in emerging markets, according to GlobalData, a leading data and analytics company.
Modern respiratory ventilators strive to ensure patient safety and improve ventilation outcomes, while providing portable and cost-effective solutions in a variety of clinical settings. Mechanical ventilators dominate the ventilation devices market, due to their effective functionalities and advanced features.
Tina Deng, Medical Devices Analyst at GlobalData, comments: “Due to the large installed base in ICUs and increasing numbers of ICU admissions, the market for critical-care ventilators leads the ventilators market, with steady growth. However, transport ventilators, with more advanced modes, are consistently gaining greater acceptance. The new technologies of ventilators, including closed-loop modes, automated weaning features, and smart alarm systems, continue to improve patient outcomes, ease of use, and efficiency.”
Home-care ventilators will become more prevalent in future. These are defined as basic mechanical ventilators intended to provide standard modes of ventilation for neonatal, pediatric, and adult patients for extended time periods at home, but are not typically designed for advanced ventilatory support or weaning. Improved ICU care has resulted in many patients surviving acute respiratory failure, and requiring prolonged mechanical ventilation during recovery.
Deng concludes: “Mechanical ventilation is increasingly used as a therapeutic option for patients with symptomatic chronic hypoventilation, with an increased effort to predict nocturnal hypoventilation to initiate ventilation earlier. Additionally, the rising costs of hospital care and the advent of commercially available home-care ventilators and accessories have fueled greater demand for home-care ventilation. These factors will combine to create steady growth in this area over the next ten years.”
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