Market To Reach USD 5.5 Billion By 2022

Market To Reach USD 5.5 Billion By 2022
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The global mechanical ventilators market [http://www.grandviewresearch.com/industry-analysis/mechanical-ventilators-market ] size is expected to reach USD 5.5 billion by 2022 according to a new report by Grand View Research Inc. The global market witnessed a significant growth over the past two decades, and it has been characterized by technological innovation and increasing preference for portable and home-care ventilators.
Rapid growth in the geriatric population, increasing incidence of Chronic Obstructive Pulmonary Disease (COPD), rising incidence of respiratory emergencies, and technological innovation in respiratory care devices are the major factors driving the mechanical ventilators market.
On the other hand, tight budgetary constraints faced by the ventilator manufacturers and healthcare service providers are the factors impeding this market growth. Technical advancements such as rapid innovation in the field of Positive Airway Pressure (PAP) devices, portability, and improvement in battery with such as Draeger MS14234 Battery, Draeger Medical GAMMA Battery, Draeger Medical MS18340 Battery, Siemens SC9000XL Battery, Siemens SC7000 Battery, Siemens Medical Syste SC7000 Battery, Comen CM-100 Battery, Comen ICR18650 Battery, Comen CM-1200A Battery, Comen G60 Battery, Comen G50 Battery, Comen HYLB-1010 Batterylife of transport and portable devices are the primary influencers in the mechanical ventilators market.
Browse full research report with TOC on "Mechanical Ventilators Market Analysis, by Product (Critical Care, Neonatal, Transport And Portable), And Segment Forecasts To 2022"
According to the World Health Organization, chronic respiratory diseases such as asthma, chronic obstructive lung disease, bronchitis, emphysema, lung cancer, and intrathoracic pulmonary heart diseases are the medical conditions affecting the airways and other lung structures.
The WHO estimates that, at present, 235 million people suffer from asthma and approximately 90% of COPD deaths occur in low- and middle-income countries. Therefore, the rise in prevalence of such diseases coupled with rapid introduction and availability of portable, cost contained, and easy-to-use mechanical ventilators for the treatment of such conditions is expected to drive mechanical ventilators growth worldwide.