Ventilator Market: Description
The ventilator market refers to the industry involved in the production, distribution, and sales of medical devices used to support patients who have difficulty breathing on their own. Ventilators are essential medical devices used in hospitals, clinics, and other healthcare settings to provide respiratory support for patients who are unable to breathe adequately due to various medical conditions or injuries. The market includes various types of ventilators, such as invasive, non-invasive, and portable, which are used in critical care, emergency care, and home care settings. The global ventilator market has been growing in recent years due to an increase in the incidence of respiratory diseases and the demand for advanced healthcare technologies. Medical ventilators aid in the breathing of critically ill patients or those who require emergency care. Ventilators can also be used to anesthetize patients before and during surgery. These machines can be further equipped with alarm and monitoring systems that facilitates continuous patient monitoring, oxygen tanks, backup batteries, and remote control. The Ventilator can be either invasive/non-invasive or mechanical. The most common type of mechanical Ventilator in modern times is the positive pressure ventilator.
Source: WMR
Ventilator Market: Overview
The Global Ventilators Market Size Was Worth USD 1,400 Million in 2022 and is projected to grow to USD 2,430 Million by 2033, at a CAGR of 7.6% over the forecast period of 2023 to 2033.
The key drivers of the home healthcare market are the rapid increase in global geriatric population, rising incidences of respiratory diseases, and the cost-effectiveness of home care services. This has directly led to a surge in demand for ventilators and other respiratory therapeutic devices. Other important factors that will provide significant opportunities for players in the home care market are emerging markets and the high growth potential of healthcare decentralization.
The rising incidence of respiratory diseases has led to an increasing demand for ventilators, which are essential medical devices used to support patients with respiratory failure. Ventilators provide mechanical ventilation to patients, delivering oxygen to the lungs and removing carbon dioxide from the body. They are used in critical care units, emergency departments, and operating rooms, as well as for long-term care in patients with chronic respiratory failure.
Source: WMR
Ventilator Market: Key Trends
· Driver: High incidence of respiratory diseases
The WHO estimates that respiratory diseases account for more than 10% of all disability-adjusted life-years (DALYs); this metric measures the loss of productive and active life due to a condition. Respiratory diseases rank second to cardiovascular diseases (including stroke) in this regard. COPD ranks third among the 30 leading causes of death. Lower respiratory tract infections rank 4th, tracheal and bronchial cancers are 6th, tuberculosis 12th, and asthma 28th. Worldwide, more than one million people suffer from chronic or acute respiratory diseases. The demand for ventilators is increasing due to the rise in patients with respiratory diseases.
· Opportunity: Technical Advancement & Development of microprocessor-controlled portable ventilators
Technical advancement in the microprocessor-controlled ventilation combined with new ventilator modes has provided multi-talented teams in the healthcare sector and organization with enormous opportunities to improve the care and management of critical patients on ventilators. Advanced ventilators can also be set up to handle any kind of emergency and are equipped with numerous checks and balances. Sensors and monitors are available to monitor patient-specific parameters such as flow speed, air pressure, volume, air leakage, and mechanical failure. The new portable life support ventilators are smaller and lighter in weight and offer non-invasive, invasive, and mouthpiece ventilation. The latest technology for ventilation combines the ability to adjust circuit and leak pressure and precise flow triggers that allow easy breathing and precise therapy. In recent years, manufacturers have been working on portable ventilators with wireless connectivity that make a significant difference to the outcomes of patients. Through a cloud-based application for managing patients and Bluetooth-enabled devices, current devices transform medical-grade data into relevant information and deliver it directly to mobile devices or the desktops of health professionals several times each day. This software allows healthcare teams to monitor patients remotely and in a proactive manner making fast and well-informed clinical decisions, as well as early intervention. This will help prevent unnecessary readmissions and decrease costs of healthcare.
Ventilator Market: COVID-19 Impact
One of the main pieces of equipment used in treating COVID-19 is a ventilator. Medical ventilators have grown significantly, pushing manufacturers to increase production output by 30 to 50%. In the year 2019, it was estimated that 77,000 ventilators would suffice to meet worldwide demand. In April of 2020, approximately 30000 more ventilators were required within New York City alone. Numerous large companies were competing to produce and distribute as many ventilators as they could all over the world.
Ventilator Market: Segmentation Analysis
Key Players:
· Koninklijke Philips N.V. (Netherlands)
· ResMed (US)
· Medtronic (Ireland)
· Fisher & Paykel Healthcare Limited (New Zealand)
· Vyaire Medical, Inc. (US)
· GE Healthcare (US)
· Avasarala Technologies Ltd (India)
· Airon Corporation (Florida)
· TRITON Electronic Systems Ltd. (Russia)
· Bio-Med Devices, Inc. (US)
· Metran Co., Ltd (Japan)
· MAGNAMED (Brazil)
· HEYER Medical AG (Germany)
· Leistung Engineering Pvt. Ltd. (Argentina)
· Hill-Rom Holdings, Inc. (US)
· Hamilton Medical (Switzerland)
· Smiths Group plc (UK)
· Drägerwerk AG & CO. KGAA (Germany)
· Nihon Kohden Corporation (Japan)
· Getinge AB (Sweden)
· Asahi Kasei Corporation (Japan)
· Air Liquide (France)
· Allied Healthcare Products, Inc. (US)
· Shenzhen Mindray Bio-Medical Electronics Co., Ltd, (China)
· aXcent Medical GmbH (Germany)
Ventilator Market based on Mobility
• Intensive care ventilators
o high end
o mid end
o basic end
• Portable ventilators
The intensive care ventilators segment dominated the market and accounted for the largest share of the global ventilators market in 2020. This high share is attributed to the growing number of intensive care beds attached with ventilators. During the pandemic, the number of ICU admissions is on the rise along with the appropriate reimbursement; these factors are playing key roles for the large share of the ICU ventilators segment in the global ventilators market.
Ventilator Market based on Interface
• Invasive Ventilation
• Non-Invasive Ventilation
o CPAP,
o BiPAP
o APAP
The invasive ventilation segment is anticipated to record notable expansion over the forecast period owing to escalating demand from ICUs driven by the rapid increase in the number of admitted patients.
Source: WMR
Ventilator Market based Age Group
· Adult ventilators
· Pediatric and Neonatal
· Geriatrics Ventilators
The adult ventilators segment led the global ventilators market and accounted for the largest share of the global revenue in 2022. This high share is attributed to the big number of population suffering from COVID-19, growth in the number of chronic diseases such as Asthma and COPD, increasing geriatric population, and rise in the number of smokers.
Ventilator Market based on Mode
· Combined-mode ventilation
· Volume- mode ventilation
· Pressure-mode ventilation
· Other ventilation modes
The Combined-mode ventilation segment led the global ventilators market and accounted for the largest share of the global revenue in 2022. This high share is attributed to its unique advantages over volume-mode ventilation and pressure-mode ventilation.
Ventilator Market: Regional Analysis
North America dominated the ventilators market and accounted for the largest share of global revenue in 2022. This high share is attributed to the rising number of smokers, growing geriatric population, growing COVID-19 patient numbers, growing numbers of respiratory diseases, advanced healthcare system, and rising healthcare budget.
Report Scope
Ventilator Market Forecast Year: 2023-2033
Ventilator Market Historical Year- 2020-2021
Ventilator Market 2022: USD 1,400 Million
Ventilator Market 2033: USD 2,430 Million
Ventilator Market CAGR: 7.6%
Key Regions and Countries: North America, Europe, Asia Pacific, LAMEA
Key Segments: Mobility, Age Group, Interface, and Mode
1. Global Ventilators Market Introduction and Market Overview
1.1. Objective of the Market Research Study
1.2. Ventilators Market Definition & Description
1.3. Research Data Parameters & Reporting Timelines
1.3.1. Historical Data Reporting Years – 2020 to 2021
1.3.2. Projected Data Reporting Years – 2023 to 2033
1.3.3. Reporting Data Parameters – Value (US$ Million) & Volume (Units)
1.4. Global Ventilators Market Scope and Market Estimation
1.4.1. Global Ventilators Overall Market Size (US$ Million) & (Units), Market CAGR (%), Market Estimates & Forecast (2020 to 2033)
1.4.2. Global Ventilators Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2020 to 2033
1.5. Ventilators Market Segmentation
1.5.1. Mobility of Global Ventilators Market
1.5.2. Interface of Global Ventilators Market
1.5.3. Age Group of Global Ventilators Market
1.5.4. Mode of Global Ventilators Market
1.5.5. End User of Global Ventilators Market
1.5.6. Key Regions of Global Ventilators Market
2. Global Ventilators Market - Executive Summary
2.1. Global Ventilators Market – Summary & Snapshot
2.2. Global Ventilators Market, By Mobility (US$ Million) & (Units)
2.3. Global Ventilators Market, By Interface (US$ Million) & (Units)
2.4. Global Ventilators Market, By Age Group (US$ Million) & (Units)
2.5. Global Ventilators Market, By Mode (US$ Million) & (Units)
2.6. Global Ventilators Market, By Geography (US$ Million) & (Units)
2.7. Global Ventilators Market Outlook & Future Opportunities
3. Ventilators Market Trends, Outlook, and Factors Analysis
3.1. Global Ventilators Market Industry Development Trends under COVID-19 Outbreak
3.1.1. Global COVID-19 Status Overview
3.1.2. Influence of COVID-19 Outbreak on Global Ventilators Market Industry Development
3.1.3. Pre & Post COVID-19 Trends and Scenarios
3.2. Ventilators Market Dynamics (Growth Impacting Factors & Rationales)
3.2.1. Drivers
3.2.1.1. Increase in Numbers respiratory diseases.
3.2.1.2. High prevalence of other chronic diseases.
3.2.1.3. COVID-19 Outbreak driving the market
3.2.1.4. Driver 4
3.2.1.5. Driver 5
3.2.2. Restraints
3.2.2.1. High Cost of developing ventilators.
3.2.2.2. Huge gap in demand and supply chain affects market growth.
3.2.3. Opportunities
3.2.3.1. Development of Non- Invasive Technology in ventilators.
3.2.3.2. Rise in new hospitals & diagnostic centers
3.3. Impact Analysis of Drivers and Restraints
3.4. Ecosystem/ Value Chain Analysis
3.5. Porter’s Five Forces Analysis
3.6. SWOT Analysis
3.7. PEST Analysis
3.8. Average Selling Prices and Pricing Trends Analysis of Ventilators Market
3.9. Technological Roadmap
3.10. Key Investment Pockets of Ventilators Market
3.10.1. By Mobility
3.10.2. By Interface
3.10.3. By Age Group
3.10.4. By Mode
3.10.5. By End User
3.10.6. By Regions
4. Global Ventilators Market: Estimates & Historic Trend Analysis (2020 to 2021)
4.1. Global Ventilators Market, 2020 – 2021 (US$ Million) & (Units)
4.2. Global Ventilators Market, By Mobility, 2020 to 2021 (US$ Million) & (Units)
4.3. Global Ventilators Market, By Interface, 2020 to 2021 (US$ Million) & (Units)
4.4. Global Ventilators Market, By Age Group, 2020 to 2021 (US$ Million) & (Units)
4.5. Global Ventilators Market, By Mode, 2020 to 2021 (US$ Million) & (Units)
4.6. Global Ventilators Market, By End User, 2020 to 2021 (US$ Million) & (Units)
4.7. Global Ventilators Market, By Region, 2020 to 2021 (US$ Million) & (Units)
5. Global Ventilators Market Estimates & Forecast Trend Analysis, by Mobility
5.1. Global Ventilators Market Share (%) Estimates and Forecasts, by Mobility, 2022 & 2033
5.2. Global Ventilators Market Revenue (US$ Million) & (Units) Estimates and Forecasts, by Mobility, 2023 to 2033
5.2.1. Intensive Care Ventilators
5.2.1.1. High-end
5.2.1.2. Mid-end
5.2.1.3. Basic-end
5.2.2. Portable Ventilators
6. Global Ventilators Market Estimates & Forecast Trend Analysis, by Interface
6.1. Global Ventilators Market Share (%) Estimates and Forecasts, by Interface, 2022 & 2033
6.2. Global Ventilators Market Revenue (US$ Million) & (Units) Estimates and Forecasts, by Interface, 2023 to 2033
6.2.1. Invasive Ventilation
6.2.2. Non-invasive Ventilation
6.2.2.1. CPAP
6.2.2.2. BiPAP
6.2.2.3. APAP
7. Global Ventilators Market Estimates & Forecast Trend Analysis, by Age Group
7.1. Global Ventilators Market Share (%) Estimates and Forecasts, by Age Group, 2022 & 2033
7.2. Global Ventilators Market Revenue (US$ Million) & (Units) Estimates and Forecasts, by Age Group, 2023 to 2033
7.2.1. Adult Ventilators
7.2.2. Pediatric & Neonatal
7.2.3. Geriatrics Ventilators Global Ventilators Market Estimates & Forecast Trend Analysis, by Mode
7.3. Global Ventilators Market Share (%) Estimates and Forecasts, by Mode, 2022 & 2033
7.4. Global Ventilators Market Revenue (US$ Million) & (Units) Estimates and Forecasts, by Mode, 2023 to 2033
7.4.1. Combined Mode Ventilation
7.4.2. Volume Mode Ventilation
7.4.3. Pressure Mode Ventilation
7.4.4. Others
8. Global Ventilators Market Analysis and Forecast, by Region
8.1. Global Ventilators Market Share (%) Estimates and Forecasts, by Region, 2022 & 2033
8.2. Global Ventilators Market Revenue (US$ Million) & (Units) Estimates and Forecasts, by Region, 2023 to 2033
8.2.1. North America
8.2.2. Europe
8.2.3. Asia Pacific
8.2.4. Middle East and Africa
8.2.5. Latin America
9. North America Ventilators Market: Estimates & Forecast Trend Analysis
9.1. North America Ventilators Market Assessments & Key Findings
9.2. North America Ventilators Market Share (%) Estimates and Forecasts, 2022 & 2033
9.3. North America Ventilators Market Size Estimates and Forecast (US$ Million) & (Units) (2023 to 2033)
9.3.1. By Mobility
9.3.2. By Interface
9.3.3. By Age Group
9.3.4. By Mode
9.3.5. By End User
9.3.6. By Major Country
9.3.6.1. The U.S.
9.3.6.2. Canada
10. Europe Ventilators Market: Estimates & Forecast Trend Analysis
10.1. Europe Ventilators Market Assessments & Key Findings
10.2. Europe Ventilators Market Share (%) Estimates and Forecasts, 2022 & 2033
10.3. Europe Ventilators Market Size Estimates and Forecast (US$ Million) & (Units) (2023 to 2033)
10.3.1. By Mobility
10.3.2. By Interface
10.3.3. By Age Group
10.3.4. By Mode
10.3.5. By End User
10.3.6. By Major Country
10.3.6.1. Germany
10.3.6.2. The U.K.
10.3.6.3. France
10.3.6.4. Italy
10.3.6.5. Spain
10.3.6.6. Rest of Europe (includes all other European countries)
11. Asia Pacific Ventilators Market: Estimates & Forecast Trend Analysis
11.1. Asia Pacific Ventilators Market Assessments & Key Findings
11.2. Asia Pacific Ventilators Market Share (%) Estimates and Forecasts, 2022 & 2033
11.3. Asia Pacific Ventilators Market Size Estimates and Forecast (US$ Million) & (Units) (2023 to 2033)
11.3.1. By Mobility
11.3.2. By Interface
11.3.3. By Age Group
11.3.4. By Mode
11.3.5. By End User
11.3.6. By Major Country
11.3.6.1. China
11.3.6.2. Japan
11.3.6.3. India
11.3.6.4. ASEAN
11.3.6.5. South Korea
11.3.6.6. Rest of Asia Pacific (includes all other Asia Pacific countries)
12. Middle East & Africa Ventilators Market: Estimates & Forecast Trend Analysis
12.1. Middle East & Africa Ventilators Market Assessments & Key Findings
12.2. Middle East & Africa Ventilators Market Share (%) Estimates and Forecasts, 2022 & 2033
12.3. Middle East & Africa Ventilators Market Size Estimates and Forecast (US$ Million) & (Units) (2023 to 2033)
12.3.1. By Mobility
12.3.2. By Interface
12.3.3. By Age Group
12.3.4. By Mode
12.3.5. By End User
12.3.6. By Major Country
12.3.6.1. GCC
12.3.6.2. South Africa
12.3.6.3. Egypt
12.3.6.4. Rest of Middle East & Africa (includes all other Middle East & Africa countries)
13. Latin America Ventilators Market: Estimates & Forecast Trend Analysis
13.1. Latin America Market Assessments & Key Findings
13.2. Latin America Ventilators Market Share (%) Estimates and Forecasts, 2022 & 2033
13.3. Latin America Ventilators Market Size Estimates and Forecast (US$ Million) & (Units) (2023 to 2033)
13.3.1. By Mobility
13.3.2. By Interface
13.3.3. By Age Group
13.3.4. By Mode
13.3.5. By End User
13.3.6. By Major Country
13.3.6.1. Brazil
13.3.6.2. Mexico
13.3.6.3. Rest of Latin America (includes all other Latin America countries)
14. Competitive Landscape
14.1. Ventilators Market Revenue Share Analysis (%), By Major Players (2022)
14.2. Ventilators Market Competition Matrix, By Leading Players
14.3. Ventilators List of Emerging, Prominent and Leading Players
14.4. Major Mergers & Acquisitions, Partnership, Joint Venture, Expansions, Deals, Recent Developments, etc.
15. Company Profiles
15.1. Koninklijke Philips N.V.
15.1.1. Company Overview & Insights
15.1.2. Financial Performance
15.1.3. Product / Service Portfolio
15.1.4. Geographical Footprint & Share
15.1.5. Strategic Initiatives & Key Developments
*Similar details would be provided for all the players mentioned below
15.2. ResMed
15.3. Nihon Kohden Corporation
15.4. Medtronic
15.5. Fisher & Paykel Healthcare Limited
15.6. Drägerwerk AG & CO. KGAA
15.7. Getinge AB
15.8. Nihon Kohden Corporation
15.9. Asahi Kasei Corporation
15.10. GE Healthcare
15.11. Air Liquide
15.12. Hamilton Medical
15.13. Smiths Group plc
15.14. Allied Healthcare Products, Inc.
15.15. Shenzhen Mindray Bio-Medical Electronics Co., Ltd
15.16. aXcent Medical GmbH
15.17. Avasarala Technologies Ltd
15.18. Airon Corporation
15.19. Leistung Engineering Pvt. Ltd.
15.20. HEYER Medical AG
15.21. TRITON Electronic Systems Ltd.
15.22. Hill-Rom Holdings, Inc.
15.23. Bio-Med Devices, Inc.
15.24. Metran Co., Ltd
15.25. MAGNAMED
15.26. Vyaire Medical, Inc.
15.27. Others
16. Assumptions and Research Methodology
16.1. Data Mining
16.2. Secondary Research
16.3. Primary Research
16.4. Subject Matter Expert Advice
16.5. Quality Check
16.6. Final Review
16.7. Data Triangulation
16.8. Bottom-Up Approach
16.9. Top Down Approach
16.10. Research Flow
16.11. Key Insights from Industry Experts
16.12. Data Sources
16.13. Assumptions
16.14. Limitations
17. Conclusions and Recommendations
17.1. Key Research Findings and Conclusion
17.2. Key Insights & Recommendations from Analysts
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