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Jun, 07 2023

COVID-19 Pandemic Boosting ICU Ventilator Market in North America

The market for intensive care unit (ICU) ventilators has grown significantly in recent years as a consequence of technological breakthroughs such as advances in sensor technologies and enhanced portable ventilators utilized in ventilators. The increasing focus of key companies on technological advances in molecular diagnostics, as well as collaboration and collaborations with other organizations, has a substantial impact on the intensive care unit (ICU) ventilators market. As a result, ventilators can be used on the system either temporarily or permanently, and they are used in rehabilitation centers, hospital settings, and at home.

Data Bridge Market Research analyses that the Intensive Care Unit (ICU) Ventilators Market which is USD 866.43 million in 2022, is expected to reach USD 1639.69 million by 2030, at a CAGR of 8.3% during the forecast period 2023 to 2030.   

“Growing prevalence of chronic diseases is bolstering the market growth”

Chronic illnesses such as cardiovascular disease, cancer, neurological disorders, and respiratory problems are widespread. For example, the Centres for Disease Control and Prevention estimates that over 133 million Americans have at least one chronic ailment. They require ongoing care or monitoring, which includes hospitalization and acute care. As a result, the number of patients admitted to the critical care unit has increased, as has the prevalence of chronic disease, which is likely to drive market growth. 

What restraints the growth of the North America Intensive Care Unit (ICU) Ventilators Market?

“Risks associated with ventilator usage will restrain the market growth"

The risks associated with utilizing mechanical ventilators may hinder the sector from growing. Because there is a risk of infection from germs entering through the artificial airway, it is vital to breathe more mechanically. Furthermore, repetitive opening and closure of the lungs' tiny air sacs might cause lung injury. The intensive care unit (ICU) ventilators market is likely to experience challenges due to the hazards associated with the use of devices during the forecast period of 2023-2030.  

Segmentation: North America Intensive Care Unit (ICU) Ventilators Market

The intensive care unit (ICU) ventilators market is segmented on the basis of product type, type, mode and end user.

  • On the basis of product type, the market is segmented into high-End ICU, basic ICU, mid-End ICU.
  • On the basis of type, the market is segmented into adult, neonatal, pediatric.
  • On the basis of mode, the market is segmented into combined-mode, volume-mode ventilation, pressure-mode, other.
  • On the basis of end user, the market is segmented into hospitals, specialty clinics, long term care centres, rehabilitation centres.

Regional Insights: North America dominates the North America intensive care unit (ICU) ventilators market

Since it has significantly boosted its production capacity and ordered over 150,000 ICU ventilates, the United States is dominating the industry and driving growth in the North American market.

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The Prominent Key Players Operating in the North America Intensive Care Unit (ICU) Ventilators Market Include:

  • Koninklijke Philips N.V. (Netherlands)
  • Getinge AB (Sweden)
  • ResMed (U.S.)
  • Medtronic (Ireland)
  • Fisher & Paykel Healthcare Limited (New Zealand)
  • Avasarala Technologies Limited (India)
  • Allied Healthcare Products, Inc. (U.S.)
  • Shenzhen Mindray Bio-Medical Electronics Co., Ltd, (China)
  • Drägerwerk AG & CO. KGAA (Germany)
  • Nihon Kohden Corporation (Japan)
  • Asahi Kasei Corporation (Japan)
  • Air Liquide (France)
  • Vyaire (U.S.)
  • General Electric (U.S.)
  • Hamilton Medical (Switzerland)
  • Smiths Group plc (U.K)
  • aXcent Medical (Germany)
  • Metran Co., Ltd (Japan)
  • Airon Corporation (Florida)
  • TRITON Electronic Systems Ltd. (Russia)
  • Bio-Med Devices, (U.S.)
  • Hill-Rom Holdings, Inc. (U.S.)
  • HEYER Medical AG (Germany)

Above are the key players covered in the report, to know about more and exhaustive list of North America intensive care unit (ICU) ventilators market companies contact,

Research Methodology: North America Intensive Care Unit (ICU) Ventilators Market

Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, global vs regional and vendor share analysis. Please request analyst call in case of further inquiry.

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