Global Ventilators Market, By Product Type (Intensive Care Ventilators, Portable Ventilators, Neonatal Ventilators), Modality (Non-Invasive Ventilation, Invasive Ventilation), Type (Adult Ventilators, Neonatal Ventilators, Paediatric Ventilators), Mode (Combined-Mode Ventilation, Volume-Mode Ventilation, Pressure-Mode Ventilation, Other), End User (Hospitals, Ambulatory Surgery Centres, Specialty Clinics, Long Term Care Centres, Rehabilitation Centres and Homecare Settings) – Industry Trends and Forecast to 2029.
Global Ventilators Market Analysis and Size
Over the years, due to technological breakthroughs such as improved portable ventilators and improvements in the sensor technologies used in ventilators, the ventilators market has grown tremendously. The ventilators market is largely influenced by the surging focus of key players towards technological advances in molecular diagnostics and indulging towards collaboration and partnerships with other organizations. Consequently, the market is being propelled forward with various growth determinants and is projected to show substantial growth over the forecasted period.
- Global Ventilators Market was valued at USD 1.4 billion in 2021 and is expected to reach USD 2.61 billion by 2029, registering a CAGR of 8.1% during the forecast period of 2022-2029. The “intensive care ventilators” accounts for the largest product type segment in the ventilators market within the forecasted period owing to the high adoption and hospitalization rates. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Global Ventilators Market Definition
The ventilator is basically an equipment which is used in intensive care units to help patients breathe when they are unable to do so on their own. Ventilators can be employed on the system either temporarily or permanently (as in long-term care) and are used across utilized in hospital settings, rehabilitation centers and at home. Mechanical ventilation, an endotracheal tube, and a nasogastric drain are the components of a ventilator. Ventilation devices remove carbon dioxide from the patient's body by supplying oxygen. It is used to keep people alive, but it is not used to treat illnesses or medical disorders. The mechanical ventilation system is used for patients with chronic diseases such as chronic obstructive pulmonary disease (COPD), asthma, brain traumas, and strokes.
Report Scope and Market Segmentation
2022 to 2029
2020 (Customizable to 2019 - 2014)
Revenue in USD Billion, Volumes in Units, Pricing in USD
By Product Type (Intensive Care Ventilators, Portable Ventilators, Neonatal Ventilators), Modality (Non-Invasive Ventilation, Invasive Ventilation), Type (Adult Ventilators, Neonatal Ventilators, Paediatric Ventilators), Mode (Combined-Mode Ventilation, Volume-Mode Ventilation, Pressure-Mode Ventilation, Other), End User (Hospitals, Ambulatory Surgery Centres, Specialty Clinics, Long Term Care Centres, Rehabilitation Centres and Homecare Settings)
U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa
Market Players Covered
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 Company (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.) and HEYER Medical AG (Germany)
Ventilators Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
- Surging Prevalence of Respiratory Disorders
The increasing prevalence of chronic obstructive pulmonary disease (COPD) and other respiratory disorders such as sleep apnea, acute lung injury, and hypoxemia are the most significant factors driving this market's growth. The increasing number of preterm births and rapid growth in the geriatric population are also expected to accelerate the market's overall growth. Moreover, the high prevalence of tobacco smoking which leads to respiratory disease will bolster the growth of the market.
- Increased Demand For Home Healthcare
Furthermore, the advantages of home healthcare such as convenience and comfort coupled with the cost advantages are also expected to fuel market growth. Additionally, increasing healthcare infrastructure and rising disposable income will lead to high demand for home healthcare, thus acting as a significant driver for the market.
Moreover, the rising awareness among the patients regarding the respiratory diseases also cushions the market’s growth within the forecasted period.
- Various Advancements in Ventilators
Moreover, various technological advancements such as developing advanced portable ventilators and improvements in the sensor technologies used in ventilators are estimated to generate lucrative opportunities for the market. Additionally, the developments in non-invasive and microprocessor-controlled portable ventilators will further offer numerous growth opportunities for the market.
Restraints/Challenges Global Ventilators Market
- Low Awareness
There is low awareness within the market regarding respiratory diseases, which leads to highly undiagnosed and undertreated patients. The large untreated number of patients for respiratory diseases will obstruct the market growth.
- Risks Associated With the Ventilators Usage
The risks associated with the use of mechanical ventilators could stifle the industry's expansion. There is potential of infection from germs entering through the artificial airway, more mechanical breathing is required. Lung injury can also occur as a result of repeated opening and closing of the lungs' tiny air sacs. Consequently, the risks associated with the usage of devices are projected to challenge the ventilators market in the forecast period of 2022-2029.
This ventilators market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, 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 ventilators market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Post Covid-19 Impact on Ventilators Market
The ventilators market was positively impacted by the outbreak of COVID-19 as the pandemic has spurred market growth. COVID-19 infection causes respiratory failure, necessitating critical care and ventilator assistance. Mechanical ventilation has been used to oxygenate very ill COVID-19 patients on a daily basis. Furthermore, in mid-November 2021, additional delta and omicron COVID-19 variants with a high spreading rate were discovered, raising the risk of a third wave around the planet. Furthermore, prominent manufacturers in the mechanical ventilators market and the government have taken steps to increase market production to meet the increased demand for ventilators during the pandemic.
Additionally, the manufacturers are focusing on various developments and innovations, market trends and other expansion strategies, which will propel the growth of the market.
- In April 2020, Medtronic received approval for the use of PB560 in the US through the FDA’s EUA authority. Previously, the company shipped around 300 ventilators per week. It was intended to raise production from 300 to 700 ventilators each week to battle the epidemic (this figure was expected to increase to 1,000 ventilators per week by the end of June 2020).
Global Ventilators Market Scope
The ventilators market is segmented on the basis of product type, modality, type, mode and end user. The growth amongst these segments will help you analyze meagre 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.
- Intensive Care Ventilators
- Portable Ventilators
- Neonatal Ventilators
On the basis of product type, the ventilators market is segmented into intensive care ventilators, portable ventilators and neonatal ventilators. The intensive care ventilators hold the largest share due to the high adoption and hospitalization rates.
- Non-Invasive Ventilation
- Invasive Ventilation
On the basis of modality, the ventilators market is segmented into non-invasive ventilation and invasive ventilation.
- Adult Ventilators
- Neonatal Ventilators
- Paediatric Ventilators
On the basis of type, the ventilators market is segmented into adult ventilators, neonatal ventilators and paediatric ventilators.
- Combined-Mode Ventilation
- Volume-Mode Ventilation
- Pressure-Mode Ventilation
On the basis of mode, the ventilators market is segmented into combined-mode ventilation, volume-mode ventilation, pressure-mode ventilation and other.
- Ambulatory Surgery Centres
- Specialty Clinics
- Long Term Care Centres
- Rehabilitation Centres
- Homecare Settings
On the basis of end user, the ventilators market is bifurcated into hospitals, ambulatory surgery centres, specialty clinics, long term care centres, rehabilitation centres and homecare settings.
Ventilators Market Regional Analysis/Insights
The ventilators market is analyzed and market size insights and trends are provided by country, product type, modality, type, mode and end user as referenced above.
The countries covered in the ventilators market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the ventilators market because of the increasing number of chronic diseases within the region.
North America is expected to witness significant growth during the forecast period of 2022 to 2029 due to the rising number of preterm birth and emerging technologies of neonatal care which required neonatal ventilators within the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts 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 global 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 ventilators market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for ventilators market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the ventilators market. The data is available for historic period 2010-2020.
Competitive Landscape and Ventilators Market Share Analysis
The ventilators 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 ventilators market.
Some of the major players operating in the ventilators market are
- 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 Company (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)
Research Methodology : Global Ventilators Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your inquiry.
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 versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-ventilators-market