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North America Ventilator Market Research Report – Segmented By Type of Interface, End-users, Mobility and Country (The United States, Canada and Rest of North America) – Industry Forecast (2022 to 2027)

Published: January, 2022
ID: 11159
Pages: 100
Formats: report pdf report excel report power bi report ppt

North America Ventilator Market Size (2022 to 2027)

The size of the North America Ventilator Market is forecasted to be growing at a CAGR of 7.2% between 2022 to 2027 and was worth USD 812 million in 2022.

Ventilators are heavily used for patients who cannot breathe correctly in case of chronic diseases like asthma, respiratory syndrome, and unexpected respiratory outbreaks like COVID. The rising prevalence of respiratory disorders such as asthma and Chronic obstructive pulmonary disease (COPD) worldwide is the primary driver of the Ventilator Market. According to World Health Organisation, by 2020, COPD is the third biggest health threat worldwide. In 2017, WHO reported 235 million people were affected by asthma. The increasing hospital admission rates for ventilation support are fuelling the market growth.

The rise in Research and Development (R & R&D) on cardiovascular interventions are opportunities for the growth of the ventilator market. Introducing novel devices and bringing new advanced technology for respiratory treatment boosts the market. The key market players are researching to get new mechanical ventilators at a lower price. For example, a key player named Dragervek AG has launched new ventilators to help daily clinical tasks in ICU; these are called new Evita V600 and V800. Moreover, the introduction of ventilation modes like Acute Non-Invasive Ventilation to avoid lung injury propels the market growth. These are the significant opportunities of the ventilator market.

Notwithstanding the boom in hospitalization and the rise in demand for critical care equipment, the ventilator market faces few problems. The reimbursement is the only hope for so many people in the United States for treatment. Even ventilators are covered in the US Medicare Part B necessary durable medical equipment policy. The budget constraints for ventilator manufacturers and the health care services are hindering the ventilator market. Moreover, due to pandemics, the ventilators' production got reduced due to a lack of workers and strict lockdown implemented by the government.

The ventilators may also cause chronic lung injury, which results in bronchial intubation and bronchopulmonary dysplasia. Bronchopulmonary dysplasia is a major complication in preterm babies. But the chronic lung injury will not get for every patient; it is infrequent, but it is a side effect of the ventilators. Some cases are registered that mechanical ventilation has led to blindness among preterm babies due to excessive use of oxygen. The lack of proper study for the health line workers on the ventilators is causing damage to the ventilator market. But companies are training their workers and are using surfactants to decrease the harmful effects of ventilation. These are the main challenges of the ventilator market.

This North American 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:

  • The United States
  • Canada
  • Rest of North America

Geographically, the United States holds most of the North America Ventilator Market share, which is around 90%. In comparison, Canada follows the US in terms of market revenue, which is estimated to grow significantly over the coming years. The primary factor that has resulted in the growth of the US's target market is the rapid growth in the number of coronavirus-affected people who need intensive care admissions, which has boosted these ventilators' demand. Besides, the increase in the number of adults suffering from COPD and asthma has also propelled the US's Ventilator Market development. Canada is the next predominant country in North America. The rise in R&D investments is the main reason for Canada's market growth. It is expected that the pandemic had helped the market. The increase in the old age population is boosting the Ventilator market in Canada.

KEY MARKET PLAYERS:

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

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