North America Ventilators Market Identifying Roles and Objectives In Coming Years till 2028
The North America ventilators market is expected to grow from US$ 2,053.28 million in 2022 to US$ 3,525.60 million by 2028; it is estimated to register a CAGR of 9.4% from 2022 to 2028.
Growing Prevalence of Respiratory Diseases Fuels North America Ventilators Market
Respiratory diseases such
as chronic obstructive pulmonary disease (COPD), asthma, acute lower
respiratory tract infections, tuberculosis, and lung cancer are among the most
common causes of severe illness and death across North America. Urbanization,
rise in pollution, unhealthy lifestyle habits, and high tobacco smoking
prevalence are a few of the major factors leading to the surge in the number of
respiratory and cardiovascular disease cases.
Such disease can cause acute respiratory failure, and its treatment requires mechanical ventilation. As per the Office of Disease Prevention and Health Promotion, ~14.8 million adults in the US were diagnosed with COPD in 2020. Also, according to the estimates by the Centers for Disease Control and Prevention (CDC), ~24.8 million people in the US were suffering from asthma in 2018. Moreover, in 2017, people suffering from asthma recorded ~1.6 million emergency department (ED) visits and 183,000 hospitalizations in the country. In addition, a ventilator assists the patient suffering from respiratory diseases and other breathing conditions, as these disorders make breathing difficult or impossible. Thus, the growing prevalence of respiratory diseases is increasing the demand for ventilators, which is fueling the North America ventilators market growth.
Dragerwerk AG & Co.
KGaA
Fisher & Paykel
Healthcare Limited
General Electric Co
Getinge AB
Hamilton Medical
Koninklijke Philips NV
Medtronic Plc
ResMed Inc
VYAIRE MEDICAL, INC.
The
Rising Tide of Respiratory Illness: Driving the North American Ventilator
Market
The North American landscape is
witnessing a concerning surge in respiratory diseases, a trend that is
profoundly impacting the demand for medical ventilators. Conditions like
chronic obstructive pulmonary disease (COPD), asthma, acute lower respiratory tract
infections, tuberculosis, and lung cancer are no longer isolated health
concerns; they have become pervasive threats, contributing significantly to
morbidity and mortality across the region. This escalating health crisis is a
complex interplay of various factors, including rapid urbanization, escalating
environmental pollution, the prevalence of unhealthy lifestyle choices, and the
persistent issue of tobacco smoking. Consequently, the incidence of severe
respiratory and cardiovascular diseases is on the rise, often culminating in
acute respiratory failure – a condition that necessitates mechanical
ventilation for survival.
The statistics paint a stark picture
of the burgeoning health challenge. According to the Office of Disease
Prevention and Health Promotion, approximately 14.8 million adults in the
United States were grappling with COPD in 2020. This chronic condition,
characterized by progressive airflow limitation, significantly impairs lung
function and often requires long-term respiratory support. Furthermore, the
Centers for Disease Control and Prevention (CDC) estimated that around 24.8
million Americans were living with asthma in 2018. Asthma, a chronic
inflammatory disease of the airways, can lead to debilitating symptoms and
life-threatening exacerbations. The impact of asthma is further underscored by
the staggering figures from 2017, when the country recorded approximately 1.6
million emergency department (ED) visits and 183,000 hospitalizations related
to asthma.
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