Intensive care units (ICUs) are the primary source of treatment for the highest level of patient care and treatment designated for critically ill patients. The various technological advancements such as improved portable ventilators and advancements in sensor technologies used in ventilators are increasing the demand for intensive care unit (ICU) ventilators in the healthcare sector. In this device, a hollow tube, which acts as an artificial airway, is inserted into the patient's mouth and down into their trachea for connecting the patient to the ventilator. Furthermore, mechanical ventilators are used for assessing static compliance of airway resistance and respiratory system abnormalities as a diagnostic tool.
According to Data Bridge Market Research the Intensive Care Unit (ICU) Ventilators Market accounted for USD 2,001.624 million in 2022, and expected to reach USD 3,732.40 million by 2030. The market is expected to grow with a CAGR of 8.1% in the forecast period of 2023 to 2030.
“Surging prevalence of respiratory disorders”
The surging prevalence of respiratory diseases and the rising prevalence of chronic obstructive pulmonary disease (COPD) such as sleep apnea, acute lung injury, and hypoxemia, therefore increasing the demand for intensive care unit (ICU) ventilators. Furthermore, the rising number of preterm births and the rapidly mounting geriatric population are prone to various respiratory disorders and are highly demanding intensive care unit (ICU) ventilators. In addition, the high prevalence of tobacco smoking, which further leads to respiratory disease is driving the market’s growth globally.
What restraints the growth of the intensive care unit (ICU) ventilators market?
“Risks associated with the ventilators usage”
There are several dangers associated with the usage of mechanical ventilators which is a major factor hindering the market’s growth. It is essential to breathe more mechanically due to the risk of infection from germs inflowing through the artificial airway. In addition, repetitive opening and closing of the tiny air sacs within the lungs can further lead to serious concerns such as lung damage. As there are number of risks associated with the usage of intensive care unit (ICU) ventilators people are widely preferring other alternatives.
Segmentation: Global 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 intensive care unit (ICU) ventilators market is segmented into high-end ICU ventilators, basic ICU ventilators, and mid-end ICU ventilators.
- On the basis of type, the intensive care unit (ICU) ventilators market is segmented into adult ventilators, neonatal ventilators, and paediatric ventilators.
- On the basis of mode, the intensive care unit (ICU) ventilators market is segmented into combined-mode ventilation, volume-mode ventilation, pressure-mode ventilation, other.
- On the basis of end user, the intensive care unit (ICU) ventilators market is segmented into hospitals, specialty clinics, long term care centres, and rehabilitation centres.
Regional Insights: Asia Pacific dominates the Intensive Care Unit (ICU) Ventilators Market
North America dominates the market due to the high impact of severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). In addition, the increase in the prevalence of chronic respiratory diseases such as lung cancer, chronic obstructive pulmonary disease (COPD), asthma, bronchitis, and other lung disorders and the rise in a number of hospitals and diagnostic centers is driving the market’s growth in the region.
Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2023 to 2030 due to increasing emphasis on in-house ICU ventilator production to improve the country's ability to save lives in severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2) like situations.
To know more about the study visit, https://www.databridgemarketresearch.com/reports/global-icu-ventilators-market
Recent Developments in Intensive Care Unit (ICU) Ventilators Market
- In 2020, The FDA's EUA authority granted Medtronic permission to use PB560 in the US. In the past, the company sent out about 300 ventilators each week. To combat the epidemic, it planned to increase production from 300 to 700 ventilators weekly.
- In 2020, Getinge AB increased 60% of its ventilator manufacturing capacity to meet the needs of intensive care units due to the Covid-19 pandemic. By increasing their production capacity, the company expands their product portfolio in the market.
The Prominent Key Players Operating in the 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 intensive care unit (ICU) ventilators market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global 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.
