Ottawa, Sept. 29, 2022 (GLOBE NEWSWIRE) -- The global mechanical ventilators market size was valued at USD 5.9 billion in 2021. Critically ill patients who are unable to breathe by self are supported by mechanical ventilator which is a device used to support breathing of patients. A hollow tube is inserted into the patient's oral cavity and down inside their trachea to connect the ventilator, which acts as artificial airway. Mechanical ventilators are also used to measure static compliance of airway resistance. Respiratory system abnormalities are diagnosed with this machine.
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North America proves to be a leading market for the mechanical ventilator market owing to the increasing number of chronic diseases. The government initiative to increase the production and supply of mechanical ventilator also proves to be a boon to the market growth. The increase in the number of hospitals and diagnostic centre also help the market size of the region.
The Asia Pacific market also shows a significant growth during the forecast period. The high population residing in this region demands for a high demand for mechanical ventilators as a result of the increase in long term diseases.
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The pandemic of Covid-19 provided a tremendous boost to the mechanical ventilator market. Heavy sales were recorded owing to the huge demand from all over the World. Increase in the varied respiratory system disorders also helps to boost the market during the forecast period. Increase in the geriatric population leads to the increasing number of patients suffering with chronic ailments. Thus the need for mechanical ventilator arises.
Urbanization has led to use of vehicles which has polluted the air, thus increasing the number of respiratory diseases. Other medical conditions where the oxygen holding capacity of the patient drops below normal, the mechanical ventilators act as a life support hence proves to be another driving force to boost the market of such vital equpiments. All these factors act as a driving force for the growth of the ventilator market during the forecast period.
The high cost associated with the use of mechanical ventilator makes it difficult for the people to opt for such services. The production cost of such advanced equipment also poses a challenge in front of the medical field. The increased chances of hospital acquired infection also hinders the market growth. The increased risk of COPD in the patient post treatment by mechanical ventilator also affects the market growth worldwide.
Patient-specific parameters, such as air pressure and flow speed, and general settings, such as air capacity, air volume, mechanical faults, power failure, battery issues, and are equipped with sensors and screens. New portable mechanical ventilators are lighter and more compact as compared to the earlier ones. The latest ventilation mechanisms combine responsive leak with circuit compensation and precision flow trigger modes to facilitate easy breathing and accurate treatment. In recent times, manufacturers have developed wireless portable ventilators to create a significant impact on patient results.
Respiratory diseases such as asthma, tuberculosis and COPD are largely undiagnosed and neglected. This is particularly evident in developing economies as a result of the lower awareness and lack of adequate resources to diagnose these ailments. As per the WHO, more than 88% of COPD deaths and 80% of asthma deaths take place in low- and middle socioeconomic countries.
COPD develops gradually, and it is commonly diagnosed in individuals aged over 42 years, which makes it tedious to control in the later stages of the disease. Approximately 70% of COPD patients remain undiagnosed as a result of lack of awareness. Like COPD, asthma also remains highly undiagnosed and neglected in around 60% of asthmatics. The untreated number of subjects for respiratory disorders is restricting the use of mechanical ventilators.
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