The global ventilators market is expected to grow at a CAGR of 3.9% during the forecast period 2021-2027. Increasing chronic and infectious disease incidences, a growing number in the aging populations, a spike in the number of preterm births, increasing number of ICU beds, evolving technologies of neonatal care, and the advent of the COVID-19 pandemic are some of the key factors that will possibly supplement the growth of the global ventilators market.
Ventilators are in high demand in the market around the globe. This is due to increasing COVID-19 cases that cause an acute respiratory infection with pneumonia, and these devices are the most common supportive care for critically ill patients. They help or substitute breathing by injecting oxygen into the bloodstream for vital organs. As a result, the market is projected to expand significantly in the coming years. Hybrid respiratory solutions, helmet-based ventilators, wireless networking, 3D printing, and high-performance turbine-based ventilators are some technological advancements that can help the market expand.
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The emergence of COVID-19 will be the most important factor that will drive the market during the forecast period. Globally, more than 130 million people are affected by COVID-19 by April 2021. COVID-19 mainly affects the respiratory organs in the affected people. In most cases, there is a low oxygen saturation level that requires immediate hospitalization, and a ventilator is an integral part of treating severe COVID-19 cases.
The increasing cases of COVID-19, respiratory diseases, and emerging technologies have resulted in the introduction of new ventilator products in the market. Fitbit Flow is a low-cost automated resuscitator launched by Fitbit, and the instrument received FDA approval to treat COVID-19 patients in June 2020. In April 2020, Philips increased the production of Philips Respironics E30 ventilator with plans to produce nearly 15,000 units every week to meet the increasing global need due to the pandemic.
In November 2020, Philips launched BiPAP A40 EFL ventilators to extend its homecare solutions COPD by adjusting pressure continuously and optimally based on the need of the patient. Even research institutes are increasingly focusing on developing innovative low-cost ventilator models.
A research team from IISc, India, has successfully developed a prototype of an ICU-grade ventilator within 50 days. The ventilator uses proprietary techniques and algorithms that will correct the ratio of air and oxygen supports in both non-invasive and invasive ventilation in the market.
Governments across the globe are significantly investing to increase the number of ventilators in healthcare facilities in this market. Last year, in April 2020, General Motors entered into a deal with the government to produce 30,000 ventilators for $489.4 million to meet the need of hospitals during coronavirus pandemic. General Electric and Ford Motor also entered into a $336 million federal contract to produce 50,000 ventilators for the US government.
Growth Drivers
The increasing incidence of chronic and respiratory diseases, growing geriatric population, development of new ventilator technologies, along the emergence of COVID-19 pandemic is expected to drive the global market during the forecast period 2021-2028.
Globally, more than 720 million people are over 65 years of age, and most chronic diseases affect this population in the market. Ventilator is used in the treatment of many chronic diseases which need emergency treatment.
The geriatric population is expected to double by 2050. Chronic respiratory diseases such as COPD are increasing worldwide, and according to research conducted by UK researchers, nearly 550 million people are suffering from COPD globally. It is the third most common cause of death in the year 2019.
Report Segmentation
By Product
Instruments/ Ventilator Machines
ICU Ventilators
AICU Ventilators
NICU Ventilators
Emergency and Transport Ventilators
Others
Accessories
Ventilator Masks
Filters
Others
By Interface
Non-Invasive Ventilators
Invasive Ventilators
By End-Use
Hospitals
Ambulatory Surgical Centers
Home Healthcare
Others
Segmentation based on Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Western Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
Competitive Insight
There is an increased focus on developing innovative cost-effective ventilators across the globe to meet the urgent need of healthcare owing to the pandemic situation. Many companies, including some of the US-based automotive giants, have switched to the production of mechanical ventilators, which is expected to significantly increase the competition in the global ventilators market.
Some of the Major Players operating in the market include Air Liquide S.A., Shenzhen Mindray Bio-Medical Electronic Co., Ltd., Ventec Life Systems, Draegerwerk AG & Co. KGaA, Asahi Kasei Corporation (Zoll Medical), Koninklijke Philips N.V., Vyaire Medical, Inc., Getinge Groups (Maquet GmbH & Co. KG), Resmed Inc., and General Electric Company (GE Healthcare).
Table of Content
Chapter 1: Global Ventilators Industry Overview
Chapter 3: Market Dynamics
Chapter 4: Top Company Profiles
Chapter 5: Global Ventilators market Competition, by Players
Chapter 6: Global Market Size by Regions
Chapter 7: Global Market Segment by Application
Chapter 8: Global Ventilators Industry Segment by Type
Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders
Chapter 11: Key Marketing Strategy Analysis, by Market Vendors
Chapter 12: Market Effect Factors Analysis
Chapter 13: Global Ventilators market Size Forecast (2023-2032).
Continue….
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Ventilators market revenues on a global, regional, and country level, projecting trends until 2032. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Ventilators market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Ventilators market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Ventilators business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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