Increasing Prevalence of Respiratory Diseases Drives Growth for Ventilators Market
“The ageing population has led to a larger proportion of patients requiring long-term care, further increasing healthcare expenditure. According to the World Health Organisation (WHO), chronic respiratory diseases account for more than four million deaths a year, which may have otherwise been preventable. It is suggested that as more people are living longer they are more susceptible to develop chronic diseases” reported Kelly Barritt, Market Research Analyst at InMedica. “This is increasing the demand for facilities that can offer assistance in the long-term treatment of respiratory disease”.
Consequently, there is growing pressure on governments to find ways to improve the health of the population, whilst reducing the financial burden. With an increasing number of patients requiring longer term ventilation, there is a trend for patients to be transferred from the hospital into long-term care facilities. Coupled with the rising prevalence of respiratory diseases such as COPD and sleep apnea, demand for home care ventilation is expanding. Uptake of home care ventilation has been higher in the developed regions due to the infrastructure and support required. As the hospital segment establishes in developing regions, more focus will be paid to the home care market globally. The global market for home care ventilators is forecast to grow at a compound-average annual growth rate (CAGR) of 5.8% from 2009 to 2014.
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About InMedica (a division of IMS Research)
InMedica is the medical research division of IMS Research, a specialist supplier of market research and consultancy services on a wide range of global electronics markets. The company is supported by headquarters in Wellingborough, UK and offices in Austin, Texas and Shanghai, China. InMedica regularly publishes detailed research on professional point of care markets such as ultrasound and x-ray equipment, ventilators and infusion pump markets, as well as and consumer medical devices such as blood-pressure monitors and heart-rate monitors.