Europe Ventilator Market – Industry Trends and Forecast to 2030

Europe Ventilator Market By Product Type (Intensive Care Ventilators, Portable Ventilators, and Neonatal Ventilators), Modality (Non-Invasive Ventilation and Invasive Ventilation), Type (Adult ventilator, Paediatric ventilator, and Neonatal ventilator), Mode (Combined- Mode Ventilation, Volume- Mode Ventilation, Pressure- Mode Ventilation, and Other), End User (Hospitals and Clinics, Home Care, Ambulatory Centres, Speciality Clinics, Rehabilitation Centres, Long Term Care Centres, Homecare Settings, and Others) - Industry Trends and Forecast to 2030.

Europe Ventilator Market Analysis and Size

The Europe Ventilator market is rising steadily due to the increasing technological advancements in the region, especially in Germany, France, and U.K. Improved healthcare infrastructure is considerably driving the Europe ventilator market. Strategic initiatives by the key market players are one of the elements driving the market's rapid rise. Market players are expanding their product offerings to acquire a competitive advantage.

Data Bridge Market Research analyses that the Europe Ventilator Market, which was USD 1,618.57 million in 2022, would rocket up to USD 3,258.00 Million by 2030 and is expected to undergo a CAGR of 7.1% during the forecast period. "Intensive Care Ventilators" dominates the product type segment of the ventilator market owing to the increasing number of chronic and infectious diseases. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Europe Ventilator Market Scope and Segmentation

Market Definition

The ventilator market refers to the industry that involves the manufacturing, distributing, and selling of medical devices known as ventilators. These mechanical devices provide respiratory support to patients who have difficulty breathing or require assistance with breathing. These devices deliver oxygen to the lungs and remove carbon dioxide, helping to maintain adequate oxygenation and ventilation in patients with respiratory insufficiency.

Europe Ventilator Market Dynamics

Drivers

Rising prevalence of chronic and infectious diseases

The prevalence of chronic diseases in Europe has risen in recent years, posing significant health challenges and impacting healthcare systems and economies. Several factors contribute to this trend, including an aging population, changing lifestyles, and socioeconomic factors. Cardiovascular diseases, including heart disease and stroke, are Europe's leading causes of mortality and morbidity. The risk factors such as high blood pressure, high cholesterol, obesity, and sedentary lifestyles contribute to the increasing prevalence of these conditions. Respiratory diseases such as chronic obstructive pulmonary disease (COPD), asthma, and lung cancer are significant health concerns in Europe. Factors such as smoking, air pollution, occupational hazards, and aging contribute to the prevalence of these conditions.

Rising Technological Advancements

Technological advancements in ventilators have been instrumental in improving patient care, enhancing clinical outcomes, and expanding the capabilities of these life-saving devices. Ventilators now offer various ventilation modes to cater to different patient needs. These modes include pressure-controlled ventilation, volume-controlled ventilation, pressure-support ventilation, and adaptive support ventilation. These advanced modes provide more precise and personalized ventilation, improving patient comfort and outcomes. Non-invasive ventilation has seen significant advancements, allowing patients to receive respiratory support without requiring invasive procedures. NIV helps avoid intubation and reduces complications associated with invasive ventilation. The development of sophisticated masks, improved interfaces, and algorithms for leak compensation has made NIV more effective and patient-friendly.

Opportunities

Extend Profitable Opportunities

Furthermore, the rising collaboration, merger, and acquisition among the market players will extend profitable opportunities for the market players in the forecast period of 2023 to 2030. Additionally, the rising number of market players will further expand the market's growth rate in the future. 

Restraints/Challenges

High Cost Associated with Product Manufacturing

On the other hand, the high cost associated with product manufacturing is expected to obstruct market growth. Also, the supply chain industry disruption can challenge the market's growth. Also, the lack of favorable reimbursement scenarios and technology penetration in developing economies and the lack of suitable infrastructure are projected to challenge the market in the forecast period of 2023-2030.

This ventilator market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the ventilator market, contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Recent Development

• Hamilton Medical is a Swiss manufacturer known for its advanced ventilators. They are specialized in producing innovative and user-friendly devices for intensive care units and emergency medicine, focusing on patient safety and ease of use.

Europe Ventilator Market Scope

The Europe Ventilator market is segmented on the basis of product type, modality, type, mode, and end user. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

• Intensive Care Ventilators
• Portable Ventilators
• Neonatal Ventilators

Modality

• Non-Invasive Ventilation
• Invasive Ventilation

Type

• Adult ventilator
• Paediatric ventilator
• Neonatal ventilator

Mode

• Combined- Mode Ventilation
• Volume- Mode Ventilation
• Pressure- Mode Ventilation
• Other

End User

• Hospitals and Clinics
• Home Care
• Ambulatory Centres
• Specialty Clinics
• Rehabilitation Centres
• Long Term Care Centres
• Homecare Settings
• Others

Europe Ventilator Market Regional Analysis/Insights

The Europe Ventilator market is analyzed, and market size insights and trends are provided by product type, modality, type, mode, and end user as referenced above.

The countries covered in the Europe Ventilator market report are Germany, Italy, U.K., France, Spain, the Netherlands, Belgium, Switzerland, Turkey, Russia, and the Rest of Europe

Germany dominates the Europe region due to factors including rising healthcare costs, increased R&D related to ventilators, and trending technological advancements.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of the Europe brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Healthcare Infrastructure growth Installed base and New Technology Penetration

The ventilator market also provides you with detailed market analysis for every country growth in the healthcare expenditure for capital equipment, installed base of different kind of products for ventilator market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the ventilator market. The data is available for historic period 2015-2020.

Competitive Landscape and Ventilator Market Share Analysis

The ventilator market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to ventilator market.

Some of the major players operating in the ventilator market are:

• Air Liquide (France)
• Hamilton Medical (Switzerland)
• Medtronic (Ireland)
• Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China)
• Fisher & Paykel Healthcare Limited.(New Zealand)
• Getinge AB (Switzerland)
• Smiths Group plc (London),
• ACUTRONIC Medical Systems AG (Switzerland)
• Drägerwerk AG & Co. KGaA (Germany)
• Cepheid (U.S.)
• Bunnell (U.S.)
• Leistung Equipamentos LTDA (Brazil)
• Penlon Limited (UK)
• ResMed (U.S.)
• VYAIRE.(U.S.)
• ZOLL Medical Corporation (U.S.)
• MAGNAMED (U.S.)
• Heyer medical AG (Germany)
• Allied Healthcare Products, Inc. (U.S.)
• GE HealthCare (U.S.)