Europe Ventilator Market

Europe Ventilator Market Size (2022 to 2027)

The Europe Ventilator Market size is estimated to be growing at a CAGR of 7.5% between 2022 to 2027.

The growth of the European ventilators market is primarily driven by the factors such as rapid growth in the geriatric population in European countries. In addition, the rise in preterm births influences the demand for ventilators in hospitals. Recently, it has been observed that the rate of respiratory disorders is increased due to the geriatric population. Besides the rising prevalence of chronic diseases, including obstructive pulmonary diseases, pneumonia is expected to drive market growth. Furthermore, Europe has witnessed a rapid rise in brain injuries and strokes over the years, which is estimated to propel market growth. Ventilators are used to support the breathing of the patients. The usage of these ventilator machines has been increasing due to the rise in accidents, cardiac diseases, and the increasing number of surgeries that will propel the market growth.

In recent times, we have seen how the pandemic has affected people. The pandemic has kept many lives at risk; the rapid increase in COVID-19-positive cases requires large numbers of ventilators, and the demand for ventilators has enormously increased. In addition, mechanical ventilators are being used to improve and survive patients, reducing the length of ICU and hospital stay; these factors are considered significant growth for the ventilators market. Also, investment and funding by the government and private organizations to develop the healthcare infrastructure is expected to drive the ventilators market growth.

The lack of reimbursement for medical ventilators is hampering the growth rate of the market. In addition, strict rules and regulations by the government in approving new technologies are also likely to hinder the growth rate of the market.

Impact of COVID-19 on the Europe ventilators market:

Coronavirus is an infectious disease that disrupted the economy in an unprecedented way. France had the first confirmed cases on January 25, 2020. As of February 21, 2022, 36,607,500 cases have been recorded, and around 540,454 deaths have been confirmed. Moreover, during the covid-19 period, with the drastic increase in coronavirus-infected cases, there was a shortage of ventilators because of the nationwide lockdown and flight ban. Due to the flight ban, the supply chain was stopped, and the market experienced a downfall in the initial stages of 2020.

The latter period of Covid-19 has positively affected the market growth of the medical ventilators market. The substantial increase in the cases created the demand for mechanical ventilators over the forecast period. According to the world health organization, COVID-19 cases have drastically increased in the past few months. As a result, the manufacturers in the industry are focusing on producing mechanical instruments by increasing the production capacity. As a result, however, the market is expected to have better growth during the forecast period.

This European Ventilator Market research report has been segmented and sub-segmented into the following categories.

By Type of Interface:

• Invasive ventilation

• Non-Invasive ventilation

By End-users:

• Hospitals and clinics

• Ambulances

• Home care

• Emergency Medical Services

By Mobility:

• Intensive care

• Portable ventilators

By Country:

• UK

• France

• Spain

• Germany

• Italy

• Russia

• Sweden

• Denmark

• Switzerland

• Netherlands

• Turkey

• Czech Republic

• Rest of Europe

Geographically, the European ventilators market held the largest market share of the global ventilators market in 2020. Europe has been immensely focused on improving healthcare facilities. Private and government grants and increasing investments contribute to this region's healthcare development. The U.K., Russia, Germany, and France have contributed to this region.

The U.K. ventilators market recorded the largest market share in the European region, with an increasing CAGR of 6.7%, and it is expected to increase during the forecast period. The increasing number of ICU admissions and the number of ventilators required for patients is anticipated to drive market growth. In addition, COVID-19 has rapidly increased the demand for ventilators due to the large COVID-19 patient pool.

The German ventilators market held a significant market share of medical ventilators in 2020, which is anticipated to grow at a promising rate during the forecast period. Germany held the 8^th position regarding COVID-19 effective countries because of an unexpected rise in the covid-19 positive cases. The spread of the virus has led to an increase in the supply of ventilators to hospitals. The German government has taken some initiatives to meet the requirements of the rising need for ventilators; for instance, government-supported private companies like Weinmann and Draeger supported their production.

The Italian ventilators market registered a substantial market share of the European medical ventilators market in 2020. Italy is the epicenter of the European outbreak. Italy has been affected due to the lack of equipment. Later the government negotiated with the ventilator manufacturer to produce ventilators for the requirements of the patients.

The Spain ventilators market is expected to register significant growth during the forecast period. The market growth is expected to be driven by the factors such as patients suffering from respiratory and neurological diseases and adopting invasive ventilators.

The France ventilators market was aimed for significant market growth. Mounting cases of critical covid-19 patients. France held the 7^th position in terms of the most affected countries. Increasing chronic diseases and hospitals and nursing homes are most likely to accelerate market growth.

Some of the prominent vendors dominating the European ventilator market profiled in this report are Philips, Resmed, Medtronic, Becton, Dickinson and Company, Getinge, Dräger, Smiths Group, Hamilton Medical, G.E. Healthcare, Fisher & Paykel, Air Liquide, Asahi Kasei, and Allied Healthcare Products.