Ventilator Market

The global  Mechanical Ventilator Market  is forecast to reach USD 3.70 billion by 2030, according to a new report by Reports and Data. The Mechanical Ventilator market is witnessing a drastic increase in demand owing to the growing incidence of patients suffering from COVID-19. The number of cases are growing rapidly and the hospitals currently does not have enough for the patients that need them. Increase in the number of ICU beds and rise in geriatric population are propelling the demand of the market. The elderly and the ones with respiratory diseases are highly susceptible to the virus.   The global manufacturers are under lot of strain to manufacture large number of medical Mechanical Ventilator; they are sophisticated devices used by the critically ill. The factors driving the market are high incidence of chronic disease among children, and prevalence of heart diseases and respiratory problems. The worsening of pollution internationally is also impacting the market. Advancemen