The global ventilators industry is projecting an exponential growth rate during the COVID-19 outbreak. The pandemic has released a continuous requirement for ventilators; however, the affected countries are facing a challenge with the shortage of ventilators. Prior to the coronavirus outbreak, the rising prevalence of respiratory diseases and the increasing number of ICU beds were among the major factors offering growth to the global ventilators industry. However, there is an enormous demand for ventilators is being stated by every COVID-19 affected country, as the ventilators are most significantly required while dealing with the geriatric population. Though, the industry will see stagnant growth once the outbreak gets over across the globe, as the urgent need for ventilators will get over and the hospitals will have enough ventilators for the other treatment procedures.