The Current Situation and Development Trend of Medical Ventilators

        Globally, there are over 380 million patients with Chronic Obstructive Pulmonary Disease (COPD), 260 million asthma patients, and a large number of patients
with respiratory diseases such as Sleep Apnea Syndrome (SAS). The number of newly diagnosed patients grows at an annual rate exceeding 3.5%. A significant
number of patients require ventilators for treatment and respiratory support, driving the growth of market demand. Data shows that the global medical ventilator
industry market size has shown a year-on-year increasing trend, with the global market size approximately reaching $5.774 billion in 2024.

        During the COVID-19 pandemic, ventilators became critical equipment for treating severe patients, leading to a sharp increase in demand. Post-pandemic, medical
institutions worldwide have significantly increased their focus on public health emergency response capabilities. Ventilators, as core equipment for critical care, have
been included in strategic reserve lists for medical infrastructure. Additionally, with growing health awareness and the popularization of home medical devices, the
home ventilator market is developing rapidly. Particularly, the expanding middle class in the Asia-Pacific region is driving the penetration rate of consumer-grade medical
devices, boosting the production and demand in the medical ventilator industry.

        ➤ Trends in the Medical Ventilator Industry

        • Continuous Product Structure Optimization

        In terms of product structure, invasive ventilators still dominate the market. Portable ventilators, as an emerging sub-category, have become an important driver of
industry growth.

        • Accelerated Domestic Substitution

        The trend of domestic substitution is becoming increasingly evident, especially in government procurement projects, where the winning bid rate for domestic brands
has risen for three consecutive years. Local enterprises such as Mindray, Aeonmed, PuBo Technology, and CFtech have formed a relatively stable competitive echelon and
hold significant positions in the market.

        • Significant Trends Towards Intelligence and Portability

        With continuous technological advancements, medical ventilators are developing towards intelligence and portability. In terms of intelligence, ventilators can monitor
patients' breathing status in real-time through sensors and automatically adjust respiratory parameters to improve treatment efficacy. Portability allows ventilators to be
used in settings like homes and communities, providing patients with more convenient treatment options, which will further expand the market space.