The global ventilators market was valued at $765.3m in 2013 and is forecast to exceed $1 billion by 2020, increasing at a compound annual growth rate (CAGR) of 5%.
The increasing prevalence of COPD, especially in the population aged 80 and above, will remain the major driver of growth. The high prevalence of COPD has led to an increase in critical care admissions, where the use of mechanical ventilation is common.
The introduction of new technologies and ventilation modes that prevent lung injury, reduce the time that patients have to spend on mechanical ventilation and sedation, and improve the synchrony between the patient and ventilator, will be the other major drivers of growth. Emerging economies, especially India and China, present significant potential for growth and will increase the number of Intensive Care Unit (ICU) beds per 100,000 population.
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