The Global Ventilator Market Grows at a CAGR of 7.75 %

The Global Ventilator Market, which was at $688 million in the year 2016, is about to double by the year 2025, and reach a value of $1,347 million. This puts its CAGR at 7.75%. There are many factors that are pushing this market, making it one of the most investable markets in the world.

Improved Healthcare in Developing Poor Countries

This is one of the reasons why global ventilator market is doing well. As healthcare becomes better and more affordable in developing and poor countries, the demand for ventilators will increase. More patients will have access to this life-saving technology, and countless lives will be saved.

Pollution

Pollution is badly affecting the whole world, and more people are complaining about breathing issues. This has resulted in people getting lung ailments that affect their breathing. Such patients may need the use of ventilators if the condition worsens. Ventilators help doctors save their lives and give them the right treatment.

Portable Ventilators

Within the vast ventilator market, portable ventilators that can be used at homes are also seeing a huge demand. Many patients are not in a condition to be moved around, so they are treated at home.

Technology

Ventilator technology is becoming better and driving costs. This is making ventilators are a lot more affordable, and hospitals are expanding their intensive care units on the better availability of ventilators.

There are many other factors as well that are contributing to ventilator market growth. The CAGR of 7.75 is one of the best growths in the whole medicine technology market.