Ventilation Devices Market Opportunities, Industry Trends and Forecast to 2027

Posted by vinit sawant on February 8th, 2021

Modern ventilators are electronically controlled by a small embedded system to allow exact adaptation of pressure and flow characteristics to an individual patient’s needs. Fine-tuned ventilator settings also serve to make ventilation more tolerable and comfortable for the patient.

The global market of Ventilation Devices is expected to reach USD 6.10 billion in 2027 with a CAGR of approximately 12.45% during the forecast period 2017-2027. According to a recent study report published by the Market Research Future, the global ventilation devices market is expected to gain eminence over the forecast period. The market is forecasted to demonstrate steady growth by 2027, surpassing its previous growth records in terms of value with a constant CAGR during the anticipated period (2017 - 2027).

Increase in incidences of various respiratory diseases and increasing environmental pollution favor the growth of ventilation devices. According to the Forum of International Respiratory Societies, COPD affects more than 200 million people and is the fourth leading cause of death in the world. COPD is the only major disease that is increasing in prevalence worldwide and on all continents. Furthermore, studies show that underdiagnoses ranges from 72-93%.

Moreover, Company like ResMed that manufactures ventilation devices named Astral 150 and Astral 100 has acquires Maribo Medico a market leader in Sleep and Respiratory Care in Denmark. Both the company Maribo and ResMed together aims to accelerate growth while improving patient quality-of-life and reducing total healthcare system costs in Denmark.