""Global Medical Ventilator Market is valued at USD 826.93 Million in 2018 and expected to reach USD 1435.64 Million by 2025 with the CAGR of 9.63% over the forecast period.""
Increasing incidences of respiratory failure, rise in healthcare expenditure, and surge in a number of chronic disorders drive the growth of the medical ventilator market.
A medical ventilator is a machine designed to support breathing problems and is also known as a breathing machine or respirator which is mainly used in hospitals. A medical ventilator is frequently used for a short period of time during a surgical procedure or during treatment for serious lung disease or other condition that affects normal breathing. A breathing tube is connected through a ventilator machine to the patient’s body and another end of the tube is placed into the lung’s airways through the mouth or nose. Additionally, this machine is attached to a computer with knobs and buttons that are controlled by a respiratory therapist, nurse, or doctor. Ventilators are breathing machines that can be helped to keep the lungs working, as they cannot treat or fix a medical problem during surgery. But, they can provide breathing work while patients are being treated or recovering from an illness. Ventilators are the most important life-saving machine and a significant part of treatment support for babies, children, and adults.
Global medical ventilator market is segmented on the basis of product type, application and region. By product type the market is classified into non-invasive ventilator and invasive ventilator. Based on application the market is classified into home use, hospitals and clinics and others.
The regions covered in this medical ventilator market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of medical ventilator market is subdivided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Key players of the medical ventilator market are,
By Product Type: Non-invasive Ventilator, Invasive Ventilator
By Application Type: Home Use, Hospitals, and Clinics, Others
Regional & Country Analysis:
• Rest of Europe
• South Korea
• Rest Of APAC
• Rest of South America
Middle East and Africa
• Saudi Arabia
• South Africa
• Rest Of MEA
Increasing incidences of respiratory failure, technological advancements in mechanical ventilation for the expansion of their application to respiratory medicine and rapidly growing chronic obstructive pulmonary diseases are some key factors contributing to the increased demand of the medical ventilator market. For example; according to (WHO), reported that a prevalence of around 251 million cases of COPD occurred globally in 2016. Over 90% of COPD deaths occurred in low and middle-income countries. Recently, the use of noninvasive positive pressure ventilation is considerably increasing in selected patients with hypercapnic respiratory failure, chronic obstructive pulmonary disease, cardiogenic pulmonary edema, and chronic pulmonary disease.
Noninvasive ventilation has been most extensively demonstrated to be effective in acute, severe exacerbations of chronic obstructive pulmonary disease. In addition, rapid growth in organ transplantation among patients and the increasing geriatric population are the other key factors leading to the fueled demand of this market. However, inappropriate maintenance, lack of skilled professionals, and accuracy of the ventilator sensors may lead to ventilation errors in actual clinical practice can turn out to be restraining factors of this market. Future progress in ventilators will support a better balance between the organs and maintain adequate oxygenation and this factor will offer lucrative opportunities for the medical ventilator market within the forecast period.
North America occupied the largest market share in medical ventilators due to the increasing government healthcare expenditure, presence of top medical ventilator manufacturers, and rapidly growing chronic obstructive pulmonary diseases. COPD is a leading cause of death in the United States, affecting more than 16 million Americans. According to the reports, the US acute care hospitals own around 62,000 full-feature mechanical ventilators, while approximately 28,883 of these ventilators 46.4% can be used to ventilate pediatric and neonatal patients.
Europe is the second-largest region that witnessed a higher growth in medical ventilators owing to the rising prevalence of respiratory diseases, a significant rise from government funding, and increasing acute healthcare units across the European countries supporting the growth of this market. For example; a government across Europe has increased their demand for ventilators as doctors and hospitals prepare for a continuing upwelling in patients infected with the Covid-19 virus.
|2015 - 2020
|2021 - 2027
|Market Size in 2020:
|USD 826.93 Million
|Base year considered
|Forecast Period CAGR %:
|Market Size Expected in 2027:
|USD 1435.64 Million
|Tables, Charts & Figures:
|Medical Ventilator Manufacturers
|Resmed, Medtronic,,BD,,Philips Healthcare,GE Healthcare,Invacare,Teijin Pharma,Fisher and Paykel,Drager Medical,DeVilbiss,eVent Medical,Others.
|By Product Type, By Application Type
|North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa
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