Ventilators Market Set to Reach USD 10.08 Billion by 2030

According to Next Move Strategy Consulting, the Ventilator Market is predicted to reach USD 10.08 billion expanding at a CAGR of 7.2% till 2030.

The increasing demand for ventilators is due to the rapid innovation in the field of Positive Airway Pressure (PAP) devices such as autotitrating positive airway pressure (APAP) and bilevel positive airway pressure (BiPAP or BIPAP) that are used during respiratory failure.

Ventilators can cause infection due to the germs that enter through an artificial airway which is expected to restrain the growth of the market during the forecast period. On the contrary, the proliferating cases of cardiac surgeries in ambulatory services that demand ventilators are expected to create ample growth opportunities for the market in the coming years.

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