Ventilators - Global Market Outlook (2020-2028)
According to Stratistics MRC, the Global Ventilators Market is accounted for $5.61 billion in 2020 and is expected to reach $9.79 billion by 2028 growing at a CAGR of 7.2% during the forecast period. Increasing number of intensive care units (ICU) and ICU beds, rising incidence & prevalence of chronic and infectious diseases, urbanization and growing pollution level, rapid growth in geriatric population, and increasing incidence of preterm births are the major factors propelling the market growth. However, harmful effects of certain devices on neonates, maintaining component supply chains, and complications associated with the use of mechanical ventilators are hampering the market growth.
Ventilator is a life supporting healthcare device which regulates breathing of a patient during the treatment. Ventilators are used in the condition of serious lung disease or in other conditions which result in improper working of respiratory system. Ventilators help the patient to breathe easily. It is a form of breathing assistance in which an endotracheal tube is directed towards the airway of patient and it is connected to ventilator system. They are often used during surgery when patient is under anesthesia, which puts a patient to sleep without interrupting normal breathing. This system can be used as a diagnostic tool to measure static compliance of airway resistance and irregular functioning of respiratory system. The failure of ventilators may result in death so it is classed as life critical system and the system should be highly reliable.
Based on mobility, the intensive care ventilator segment is going to have a lucrative growth during the forecast period owing to the rising number of intensive care beds equipped with ventilators. The increasing ICU admission due to COVID-19 and readmissions in developed countries coupled with appropriate reimbursement is also responsible for the growth of the ICU ventilators segment. The ICU ventilators segment is further sub segmented into high-end ICU ventilators, mid-end ICU ventilators and basic ICU ventilators. Moreover, in some cases, respiratory problems are permanent, which makes invasive ventilators all the more important. In addition, these ventilators also find application in preterm births.
By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to the increasing number of population requiring ventilator support with rising incidence of various pulmonary diseases and increasing incidence of preterm birth, especially in India and China. The recent outbreak of COVID-19 has led local manufacturers and new startups to develop ventilators at a low cost. In addition, governments are undertaking initiatives to boost the production and non-healthcare sector companies are collaborating with healthcare companies to expand the production of ventilators & related accessories, ultimately supporting the growth of the market in the region.
Some of the key players profiled in the Ventilators Market include Air Liquide, Airon Corporation, Allied Healthcare Products, Inc, Asahi Kasei Corporation, Bio-Med Devices, Inc, Drägerwerk AG & Co. KGaA, Fisher & Paykel Healthcare Corporation Limited, GE Healthcare, Getinge AB, Hamilton Medical AG, HEYER Medical AG, Koninklijke Philips N.V., Leistung, Medtronic, Metran Co., Ltd, Nihon Kohden Corporation, ResMed Inc, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Smiths Group plc, and Vyaire Medical, Inc.
• Adult/Pediatric Ventilators
• Infant/Neonatal Ventilators
• Invasive Ventilator
• Non-Invasive Ventilator
• Portable/Transportable Ventilator
• Intensive Care Ventilator
• Pressure Mode Ventilation
• Volume Mode Ventilation
• Dual/Combined Mode Ventilation
• Continuous Positive Airway Pressure
• Bi-level Positive Airway Pressure Ventilators
• Time-cycled Ventilators
• Flow-cycled Ventilators
Delivery of Oxygen Covered:
• Positive Pressure Mechanical Ventilators
• Negative Pressure Mechanical Ventilators
• Automatic Ventilators
• Mechanical Ventilators
• Anesthesia Management
• Emergency Treatment
End Users Covered:
• Ambulatory Care Centers
• Home Care Settings
• Long Term Care Centers
• Rehabilitation Centers
• Specialty Clinics
• Emergency Medical Services
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
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- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
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- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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