North America Global ICU Ventilators Market, By Product Type (High-End ICU Ventilators, Basic ICU Ventilators, Mid-End ICU Ventilators), Type (Adult Ventilators, Neonatal Ventilators, Pediatric Ventilators), Mode (Combined-Mode Ventilation, Volume-Mode Ventilation, Pressure-Mode Ventilation, Other), End User (Hospitals, Specialty Clinics, Long Term Care Centres, Rehabilitation Centres), Country (U.S., Canada and Mexico) Industry Trends and Forecast to 2027
Market Analysis and Insights: North America ICU Ventilators Market
ICU Ventilators market is expected to gain market growth in the forecast period of 2019 to 2027. Data Bridge Market Research analyses that the market is growing with a CAGR of 7.8% in the forecast period of 2019 to 2027 and is expected to reach USD 1,364.26 million by 2027. Increasing adoption of advance ventilators is driving the growth of the market.
Increasing prevalence of chronic respiratory diseases is accelerating the use of ICU ventilators products which drives the market. High cost of ventilators is acting as a restrain for the market. Increasing healthcare expenditure is creating an opportunity for the market. Stringent legal framework is acting as a challenge for the global ICU ventilators market.
This ICU ventilators market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
North America ICU Ventilators Market Scope and Market Size
North America ICU ventilators market is segmented on the basis of product type, type, mode and end user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product type, the market is segmented into high-end ICU ventilators, basic ICU ventilators and mid-end ICU ventilators. Ventilators segment is expected to dominate the market due to significantly impacts of high-end ICU ventilators on patients with transpulmonary pressure measurement and high/integrated flow oxygen therapy.
- On the basis of type, the market is segmented into adult ventilators, neonatal ventilators, and pediatric ventilators. Adult ventilators are expected to dominate the market as adult ventilators are mostly preferred for the treatment of adult patients.
- On the basis of mode, the market is segmented into combined-mode ventilation, volume-mode ventilation, pressure-mode ventilation and other. Combined-mode ventilation segment is expected to dominate the market due to as combined-mode ventilation are mostly preferred ICU ventilators combined-mode ventilation as combined-mode ventilation combines both volume mode as well as pressure mode into one unit.
- On the basis of end user, the market is segmented into hospitals, specialty clinics, long term care centres, and rehabilitation centres. Hospitals segment is expected to dominate the market as the ICU ventilators market as hospitals are using ICU ventilators to treat serious lung diseases or other major conditions which affects normal breathing and short periods, such as during surgery.
ICU ventilators Market Country Level Analysis
ICU ventilators market is analysed and market size information is provided by country, product type, type, mode and end user.
North America is expected to dominate the market due to the high impact of severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2) on North America region. Governments in North America region have ordered thousands of ICU Ventilates and are increasing ICU ventilators production capacity drastically in the order to safe guard life’s in the region U.S is dominating in the market and leading the growth in the North America market as U.S. is has increased its production capacity vary drastically and ordered more than 150,000 ICU Ventilates.
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 such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Rising Demand of ICU Ventilators in the Region
ICU ventilators market also provides you with detailed market analysis for every country growth in industry with sales, components sales, impact of technological development in ICU ventilators and changes in regulatory scenarios with their support for the ICU ventilators market. The data is available for historic period 2010 to 2018.
Competitive Landscape and ICU Ventilators Market Share Analysis
ICU 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, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to North America ICU ventilators market.
The major players covered in the report are Medtronic, Koninklijke Philips N.V, GE Healthcare (A Subsidiary of GENERAL ELECTRIC), Shenzhen Mindray Bio-Medical Electronics Co., Ltd, SCHILLER, Dragerwerk AG & Co. KGaA, VYAIRE, Hamilton Medical, Lowenstein Medical Technology GmbH + Co. KG., Fisher & Paykel Healthcare Limited, Getinge AB, ResMed among other domestic players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many product developments are also initiated by the companies worldwide which are also accelerating the growth of ICU ventilators market.
- In April 2020, VYAIRE received 22,000 ventilators manufacturing order from the U.S. Department of Health and Human Services (HHS). In the response to the coronavirus (COVID-19) company has to fulfil this order by the end of June pandemic. After receiving such a huge manufacturing order company enhanced their credibility in the market.
- In March 2020, Getinge AB enhanced 60% of their manufacturing production capacity of ventilator by to the support the needs of global intensive care units due to the impact of Covid-19 pandemic. By enhancing their production capacity, the company enhances their product portfolio in the market.
Partnership, joint ventures and other strategies enhances the company market share with increased coverage and presence. It also provides the benefit for organisation to improve their offering for ICU ventilators through expanded range of size.
Customization Available: North America ICU Ventilators Market
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