The ventilator industry garners $1,560.30 million revenue, and is projected to contribute $2,887.32 million revenue in 2030, rising at a rate of 7.1%. It is led by the growing prevalence of chronic diseases such as asthma, and chronic obstructive pulmonary disease across the world.

In addition, the industry is projected to rise in the coming years, due to increasing incidences of preterm births, a surging elderly population, a rising number of ICU beds, and a growing number of COVID-19 patients.

Ventilators are also known as breathing machines. They help the lungs to work effectively. It serves as a lifesaving machine if you have developed a disease that makes breathing difficult on your own.

It helps in pushing the air in and out of the lungs to cater to the oxygen need of the body. A fitted mask can help in getting enough oxygen from the ventilator to the lungs. In a more serious condition, a breathing tube is inserted down the throat for supplying oxygen to the lungs.

The major advantages of ventilators include weaning, improved oxygenation, and lesser damage to the lungs are projected to boost the industry revenue.

In addition, ventilators have transformed effectively with technological developments, such as advancements in ventilator sensor technologies, and the development of portable ventilators.

Moreover, the rising demand for home healthcare services provides better opportunities to industry players. The home healthcare ventilator demand is rising, due to the convenience offered them and low cost.

The invasive ventilator captures the largest share of the industry, accounting for over 60%. It is owed to the rising number of ICU beds equipped with ventilators, increasing incidences of respiratory diseases, and surging cases of surgical procedures. Besides this, the rise in hospital admissions, more specifically due to COVID-19 propels the industry.

Invasive ventilators are major components integrated into the ICUs and emergency rooms for the treatment of ill patients. In addition, the devices provide ease of breathing to patients and are crucial for delivering emergency medical services and providing a guarantee to patients for early recovery.
Types of Ventilators

Face Mask Ventilators: Face mask ventilators are painless. On several conditions, the face mask ventilator is sufficient for stabilizing the condition. Those who struggle to breathe independently may need mechanical ventilation.

Mechanical Ventilators: Mechanical ventilators are machines that provide ease to respire to those who cannot breathe on their own. Mechanical ventilation functions through a tube in a person’s throat, the air is pumped into the lungs and carbon dioxide is pumped out.

Manual Resuscitator Bags: Manual resuscitators are equipment pieces that enable people to control the ventilator’s airflow with their hands. Such devices include empty bags or bladders. A person can squeeze it to pump air into the lungs.

Tracheostomy Ventilators: People who have undergone tracheostomy need a ventilator. The tracheostomy involves the doctor opening the windpipe and inserting a tube. This tube enables the air to flow in and out, hence providing support to the person in breathing.

Therefore, the rising prevalence of respiratory diseases boosts the demand for ventilators.