Global ventilators market to grow at.6.5% CAGR

The global ventilators market, valued at USD 1.75 billion in 2023, is expected to grow at a CAGR of 6.5% from 2023 to 2029.

The demand for ventilators is also high in the adult population worldwide, given the high prevalence of respiratory diseases like asthma and COPD. The need for ICU treatment and ventilation support is expected to drive market growth. Pediatric patients in ICUs/PICUs also frequently require mechanical ventilation for respiratory illnesses.

The global ventilators market is one of the fastest-growing segments in the medical devices market. This surge in growth is attributable to the prevalence/incidence of COPD patients and other related respiratory diseases. The changing healthcare services in emerging markets and significant achieved development with developed countries consistently drive the ventilator market growth. Research and Markets