Introduction
Medications are exploding in the Mechanical Ventillators Market, due to a rise in respiratory conditions, surgeries, and critical care. This blog article explains market dynamics, market share, market growth forecast and outlook of the mechanical ventilator industry.
Key Market Drivers
Rising Prevalence of Respiratory Diseases:
As respiratory illnesses like COPD, asthma,1 pneumonia are becoming more common,2 ventilators are needed.
Ageing Population:
The older population is also more prone to respiratory disease and other diseases that could need mechanical ventilation.
Advancements in Medical Technology:
Development of advanced mechanical ventilators such as non-invasive ventilation and advanced monitoring functions are fuelling the market.
Market Segmentation
The mechanical ventilator market can be classified based on:
By Product
By Type
By End User