Global Mechanical Ventilator Market: Market Analysis by Knowledge Sourcing Intelligence
T he global mechanical ventilator market is anticipated to grow at a CAGR of 4.41% over the end of the forecast period to reach a market size of US$2.368 billion by 2023 from US$1.908 billion in 2018. A mechanical ventilator is a breathing support system for patients having respiratory concerns. The mechanical ventilator (invasive or non-invasive) blows in the air and oxygen into the patient’s lungs. Prevalence of respiratory diseases is the major driver for the growth of the global mechanical ventilator market. Globally, it is estimated that 3.17 million deaths were caused by the disease in 2015 (Source: World Health Organization, WHO). Most of the sufferings from respiratory diseases are caused due to excessive smoking and is more prevalent amongst men than women. However, women from developed countries are prone to acute and chronic respiratory diseases due to excessive smoking. Chronic obstructive pulmonary disease (COPD) is one of the maj...