The global ventilator market size was valued at USD 2.28 billion in 2019 and growing at a CAGR of 6.1% from 2020 to 2025. Growing demographics and economies in emerging countries are projected to deliver strong prospects for the development of 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 start-ups have also emerged as major players due to the 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, in rehab, or home-care. Ventilation machinery provides oxygen to the patient's body to absorb carbon dioxide. It is used to support 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 types of ventilators are used on the market to care for adult, pediatric, and neonatal respiratory disorders. Various ventilators are depending on the mode of ventilation, such as intrusive ventilation 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 respiratory failure and recurrent respiratory failure where the condition cannot be adequately controlled by non-invasive ventilation. Non-invasive ventilation (NIV) assists ventilators without the use of an endotracheal tube and a tracheostomy tube. Non-invasive ventilation is used to treat acute and chronic respiratory failure in-home care and critical care environments.
The increasing prevalence of respiratory diseases acts as the key driver for the ventilator market.
The key drivers of the global ventilation market are a growing geriatric 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, have a consistent need for ventilators as they cause postoperative problems among patients. The increasing incidence of these target indications raises the hospital admission and readmitted rates of the affected patients 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 the number of critical care unit cases is a major factor in developing the ventilator industry. Also, growing people's discretionary incomes and their ability to pay more on specialized healthcare systems have facilitated the development and upgrading of healthcare infrastructure and treatment facilities. It also brings momentum to the market. Technological developments, growing healthcare costs, and an increasing number of intensive care beds in developing markets are also driving 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 geriatric community, and government efforts to improve the development of ventilators. However, the shortage of qualified healthcare personnel, the lack of consistent nomenclature 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 now ready for all sorts of specifications and have multiple checks and balances in place. 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 all 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 led to increased demand for ventilators. The growth in the home therapist has also led to an increase in demand for ventilators. Countries like India, China, and Brazil have led to 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.
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, the use of ventilators is restricted. Physicians have also shown a lack of transition to ventilators, and that also can be a challenge. Ventilators cost is high worldwide, making it 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 that occur during ventilation.
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 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, which has led to the establishment of new business in the ventilator market. Even countries like the USA and France face ventilator shortages due to rising cases of corona cases and thus have started spending more on ventilators than before. It has motivated new players to make low-cost and efficient ventilators to meet high demand, and ventilators can be supplied even to low or not so resourceful countries.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2019 to 2025 |
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Base Year |
2019 |
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Forecast Period |
2020 to 2025 |
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Segments Covered |
By Type Of Interface, End-Users, Mobility, And Region |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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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:
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 growth rate of the market. 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 at a rapid rate.
Ventilator Market – By End-users:
Hospitals and clinics have the largest market share right now owing to the fact that ventilators are expensive and difficult to procure. Especially in COVID times, hospitals have increased their inventory of ventilators to cure patients with severe conditions.
The home care segment is the second-largest market of ventilators and is expected to register the highest CAGR among all others. The increased awareness of ventilator technology among patients and doctors and increased healthcare budgets by personal have driven this segment's growth.
Ambulances are the third largest but are expected to rise at a reasonable growth rate due to the increased budget for quality healthcare by private and public institutions.
Emergency medical services are also expected to have a reasonable growth rate due to increased emergency medical cases.
Ventilator Market – By Mobility:
Intensive care ventilators have the largest share of the market 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 in the market. Portable ventilators are used in cases where ambulances and home care are needed.
Ventilator Market – By Region:
Geographically, the North American ventilator market had the largest share in the global ventilator market in 2019 as the health facilities quality is much better than other countries. The hospitals are more advanced, and the significant players in the ventilator market see massive potential in this market and are investing 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 their budget. An increase in smoking, rising population, and high healthcare expenditure are significant forces driving the 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.
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 major manufacturers dominating the global ventilator market.
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 have 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 MARKET HAPPENINGS:
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