A medical ventilator is referred to as an artificial respiratory assistance machine which is designed to provide ventilation to the patients who are struggling with breathing. It is a highly delicate task to assist individuals with their breathing, wherein the safety and reliability of the equipment are of utmost importance. Ventilators are primarily used in emergency medicine, intensive care medicine, home care, and in anesthesiology. Due to the amalgamation of various factors the demand for ventilators is increasing. The factors include the growing percentage of critically ill patients, prevalence of disorders which are lifestyle-based like respiratory issues and heart attacks, the need for ventilators in emergency care and high occurrences of chronic illness among children. However, there also lies a risk associated with the use of ventilation. If patients are ventilated for a long period of time, then they can be diagnosed with pneumonia.This growth is primarily driven by Increase in the prevalence of respiratory diseases and Rise in global geriatric population.
Globally, a noticeable market trend is evident Increase in demand for neonatal intensive care services
. Major Players, such as Medtronic (Ireland), Dickinson and Company (United States), Koninklijke Philips N.V. (the Netherlands), Allied Healthcare Products Inc. (United States), Hamilton Medical (Switzerland), Smiths Medical (United States), Carl Reiner (Austria), Drägerwerk (Germany), General Electric Company (United States) and Getinge (Sweden) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
On September 2017, Indian robotic engineer has designed compact ventilator in the world’s cheapest price. The new innovation can create new opportunities in portable breathing machines market.
- Increase in the prevalence of respiratory diseases
- Rise in global geriatric population
- Increase in demand for neonatal intensive care services
- Ventilators with automatic adaptation
- Challenge for patient interfaces in non-invasive ventilation
- Intense competition among healthcare industries
Rise in healthcare expenditure and Technological advancements
Tight budgetary constraints faced by healthcare service providers and ventilator manufacturers
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