- Ventilators are critical medical devices used to support or replace the breathing process in patients with respiratory failure or severe respiratory distress. They are essential in intensive care units (ICUs), emergency rooms, and home care settings, providing life-saving respiratory support
- The demand for ventilators is significantly driven by the rising prevalence of respiratory diseases such as chronic obstructive pulmonary disease (COPD), asthma, and acute respiratory distress syndrome (ARDS), along with the increasing geriatric population globally
- North America is expected to dominate the global ventilator market, accounting for 42.4% of the market share, driven by advanced healthcare infrastructure, high healthcare spending, technological advancements, continuous innovation in ventilator technology, and high ICU admission rates, significant demand for ventilators in intensive care units (ICUs)
- Asia-Pacific is expected to be the fastest growing region in the global ventilator market, with an CAGR of 10.5%, driven by rapid urbanization, expanding healthcare infrastructure, increasing respiratory disease prevalence, rising cases of chronic respiratory conditions, and government support, favorable policies promoting healthcare investments
- Intensive care ventilators segment is expected to dominate the global ventilator market with a market share of 60.1%, driven by their critical role in managing severe respiratory distress in intensive care units (ICUs)
