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Global Ventilator Market Size, Share, Trends, COVID-19 Impact & Growth Analysis Report – Segmented By Type of Interface, End-users, Mobility and Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa) – Industry Forecast (2022 to 2027).

Published: January, 2022
ID: 10148
Pages: 180
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Ventilator Market Size (2022 to 2027)

As per our analysis report, the global ventilator market is estimated to be worth USD 8.54 billion in 2027, growing at a compound annual growth rate (CAGR) of 6.1% from 2022 to 2027. Growing demographics and economies in emerging countries are projected to deliver solid prospects for developing ventilators. Also, incorporating anatomical values into the device will create an opening for the worldwide demand for ventilators. Besides, the industry has seen increased production from numerous healthcare firms, and various startups have also emerged as significant players due to the COVID-19 pandemic.

The ventilator machine is also known as a breathing machine or a breathing machine. It is popularly referred to as life support or life-sustaining devices. A ventilator is a system used in the ICU to help the patient relax because it is not safe for the patient to breathe alone. Ventilators can be used on the machine temporarily or indefinitely (as in long-term care). Ventilators consist of artificial ventilation, endotracheal conduit, and nasogastric drainage. These ventilators are used in hospital settings, rehab, or in-home care. Ventilation machinery provides oxygen to the patient's body to absorb carbon dioxide. It supports life but does not cure disease or medical problems. In patients with chronic diseases, such as chronic obstructive pulmonary disease (COPD), asthma, brain injury, and stroke, mechanical ventilation is required. Various ventilators care for adult, pediatric, and neonatal respiratory disorders. Various ventilators depend on ventilation modes, such as invasive and non-invasive ventilation.

Invasive artificial ventilation systems are recommended for people with respiratory problems. This system penetrates the mouth and nose, and the tube is called the endotracheal tube, and in the case of the skin, the tube is called the tracheostomy tube. Invasive ventilation is used during acute and recurrent respiratory failure, where the condition cannot be adequately controlled by non-invasive ventilation. Non-invasive ventilation (NIV) assists ventilators without using an endotracheal tube and a tracheostomy tube. Non-invasive ventilation treats acute and chronic respiratory failure in-home care and critical care environments.

COVID-19 impact on the global ventilator market:

The COVID-19 virus is spreading around the world. With the increase in coronavirus cases, there is also an increase in demand for ventilators worldwide, which will drive the growth. Many countries like India, which have a large population with a high population density, are severely affected by the virus. Due to the large population, the current ventilator number is insufficient to cater to needs; thus, India is importing ventilators from other countries, leading to new business establishments in the ventilator market. In addition, countries like the USA and France face ventilator shortages due to rising corona cases and have started spending more on ventilators than before. It has motivated new players to make low-cost and efficient ventilators to meet high demand, which can be supplied even to low or not-so-resourceful countries.

MARKET DRIVERS:

The increasing prevalence of respiratory diseases is the key driver for the growth of the global ventilator market.

The key drivers of the global ventilation market are a growing senior population and an increasing prevalence of respiratory diseases. The burden of respiratory diseases is rising due to various causes, such as smoking, obesity, and behavioral changes. Also, lung and respiratory disorders, such as chronic obstructive pulmonary disease (COPD) and bronchial asthma, consistently need ventilators as they cause postoperative problems among patients. The increasing incidence of these target indications raises the affected patients' hospital admission and readmitted rates as they may need regular ventilation assistance. Besides, with an uptick in the aging population, there has been a corresponding increase in cardiovascular disease, stroke, and diabetes. The need for prompt medical attention distinguishes these cases.

The ventilation system gives artificial or mechanical respiration to a patient suffering from some chronic condition. As a result, an increase in critical care unit cases is a major factor accelerating the ventilator market growth. Also, growing people's discretionary incomes and their ability to pay more for specialized healthcare systems have facilitated the developing and upgrading of healthcare infrastructure and treatment facilities. As a result, it also brings momentum to the market. Technological developments, growing healthcare costs, and an increasing number of intensive care beds in developing markets also drive the development of the global ventilator industry. The industry is similarly influenced by a high rate of premature births, rising demand for medical care in the senior community, and government efforts to improve the development of ventilators. However, the shortage of qualified healthcare personnel, the lack of consistent terminology for various ventilation types, and the high costs associated would significantly restrict business development.

Technological advancements in microprocessor-controlled ventilation, integrated with the challenge of new ventilation types, have created a multidisciplinary healthcare team with a range of ways to transform critically ill ventilation treatment for patients providing growth opportunities for the market. Advanced ventilators are ready for all specifications and have multiple checks and balances. Patient-specific parameters such as air pressure, air volume, flow rate, and general parameters such as air leakage, mechanical loss, power failure, battery replacement, oxygen tanks, and remote control are fitted with sensors and monitors.

Factors such as preterm birth, rapid growth in population, rising lung diseases, and an increased number of ICU beds have further driven the development of the ventilator market worldwide.

The growth in chronic illness among children and the diseases related to hearts and lungs due to lifestyle changes have also increased the demand for ventilators. The growth in the number of home therapists has also led to an increase in demand for ventilators. Countries like India, China, and Brazil have led a rise in the need for ventilators in these countries. These countries have increased their healthcare budgets, and there is a significant share of the development of ventilators in these budgets.

MARKET RESTRAINTS:

There are many restraints like reimbursement scenarios in case ventilators are used to restrict the growth of ventilators. The ventilators are very complex to use, and only trained professionals should be allowed to use them; due to the lack of such professionals worldwide, ventilators are restricted. Physicians have also shown a lack of transition to ventilators, which can be challenging. Ventilator cost is high worldwide, making them inaccessible to the poor, thus limited in reach. The improper functioning of alarms, inappropriate heating or humidification of the inspired gas, and improper ventilation cycle are minor complications during ventilation.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021 to 2027

Base Year

2021

Forecast Period

2022 to 2027

Segments Covered

By Type Of Interface, End-Users, Mobility, And Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis; DROC; PESTLE Analysis; Porter's Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities

Regions Covered

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

 

This market research report on the global ventilator market has been segmented and sub-segmented based on the type of Interface, End-users, Mobility, and region.

Ventilator Market – By Type of Interface:

  • Invasive ventilation
  • Non-Invasive ventilation

Mechanical ventilation is termed Invasive Ventilation. Invasive ventilatory support is provided via either an endotracheal tube or a tracheostomy tube. Wide applications in respiratory diseases, neurological diseases, and sleeping disorders are the primary factor supporting the growth of the invasive ventilation segment.

The non-invasive ventilation segment is positioned second in dominating the market's growth rate. Non-invasive ventilation is the one where support is not provided via the endotracheal tube or tracheostomy tube. Non-invasive ventilation is breathing support through a face mask or nasal mask. Air pressure is administered depending on whether the person is breathing in or out. NIV is used due to the reason that it can avoid spreading the infection. It is second in market share and is expected to increase rapidly.

Ventilator Market – By End-users:

  • Hospitals and clinics
  • Ambulances
  • Home care
  • Emergency Medical Services

Hospitals and clinics have the largest market share because ventilators are expensive and difficult to procure. However, especially during COVID times, hospitals have increased their inventory of ventilators to cure patients with severe conditions.

The home care segment is the second-largest ventilators market and is expected to register the highest CAGR. The increased awareness of ventilator technology among patients and doctors and increased healthcare budgets by personnel have driven this segment's growth.

Ambulances are the third largest but are expected to rise at a reasonable growth rate due to private and public institutions' increased budgets for quality healthcare.

Emergency medical services are also expected to have a reasonable growth rate due to increased emergency medical cases.

Ventilator Market – By Mobility:

  • Intensive care
  • Portable ventilators

Intensive-care ventilators have the largest market share and are expected to increase as more hospitals, and other healthcare institutions are built.

Although they are second in market share, portable ventilators are expected to have a promising CAGR. Portable ventilators are used in cases where ambulances and home care are needed.

Ventilator Market – By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • The Middle East and Africa

Geographically, the North American ventilator market had the largest share in the global ventilator market in 2020, as the quality of health facilities is much better than in other countries. The hospitals are more advanced, and the significant players in the ventilator market see massive potential and invest more in research and development.

The European ventilator market has the second-largest share in the ventilator market as the government has allocated a fair share for the healthcare industry in its budget. Increased smoking, a rising population, and high healthcare expenditure drive market growth.

The Asia Pacific ventilator market region has the third-largest market share. It is expected to grow at a reasonable rate due to the increase in population in China and India. Also, the healthcare budgets and facilities are significantly less compared to the North American and European markets.

KEY MARKET PARTICIPANTS:

Manufacturers such as 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 are expected to account for the majority of the global ventilators market share during the forecast period.

Several product releases, licenses, alliances, and deals are being introduced globally by these businesses, accelerating the global demand for ventilators. For instance, On 8 Jan 2021, Dräger and Breas Medical entered into a partnership to provide long-term acute care (LTAC) and qualified nursing facilities (SNF) in the United States with access to both Dräger and Breas Medical mechanical ventilator equipment.

SOME OF THE RECENT HAPPENINGS IN THE GLOBAL VENTILATORS MARKET:

  • The U.S. government has promised Uzbekistan more ventilators to fight covid19.
  • G.M. and Ford have wrapped up their temporary ventilator production and are moving toward the auto business.
  • Companies like Mahindra have also started ventilator production to cater to the rising demand during this pandemic.
  • In Apr 2020, a Bengaluru-based startup launched a portable ventilator for coronavirus patients.

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FAQ's

How big is the global ventilator market?

The global ventilator market size is predicted to be USD 8.54 billion in 2027.

Which segment by end-user led the global ventilator market in 2021?

Based on the end-users, the hospitals and clinics segment occupied the most significant share of the global ventilator market in 2021.

Which segment by mobility is expected to grow the fastest in the global ventilator market?

Based on the mobility, the intensive care ventilators segment led the global ventilators market in 2021 and is projected to continue showing dominance throughout the forecast period.

Which are the key market participants in the global ventilators market?

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 are some of the leading manufacturers of ventilators in the market.

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