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Rise in COPD, asthma to drive growth of critical care ventilator market in India
Updated On: 18 March, 2024 11:20 AM IST | New Delhi | IANS
Patients with severe respiratory illnesses often require intensive care and mechanical ventilation. This surge in demand has driven up the need for critical care services and equipment, including ventilators, in hospitals across the country
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Increasing cases of chronic respiratory diseases such as Chronic Obstructive Pulmonary Disease (COPD) and asthma in India are expected to push the growth of critical care ventilator services market in the country at a compound annual growth rate (CAGR) of 4 per cent by 2033, according to a report on Monday.
The report by GlobalData, a data and analytics company reveals that India accounted for about 21 per cent of Asia-Pacific’s critical care ventilator market in 2023.
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