Medical Ventilators Market

Global Medical Ventilators Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2027– Rising prevalence of chronic pulmonary disease and growing geriatric population drive the growth of Global Medical Ventilators Market.

Global Medical Ventilators Market is valued at USD 918.2 Million in 2020 and expected to reach USD 1563.4 Million by 2027 with a CAGR of 8.1% over the forecast period.

Scope of Global Medical Ventilators Market Report:

A ventilator is also known as a respirator, mechanical ventilator, or inhalation machine. It is a life support treatment that helps patients breathes when they have difficulty breathing.

Ventilators are computerized microprocessor controlled machines, yet patients can likewise be ventilated with a basic, hand- operated bag valve cover. When a patient requires a ventilator, a health care provider will put an endotracheal tube (ET tube) into the patient's windpipe through the patient's nose or mouth. To obtain oxygen into the body, the ventilator pumps a mixture of air and oxygen into the patient's lungs. The ventilator can also keep a consistent low pressure, known as intrinsic end-expiratory pressure (PEEP), to prevent the lung's air sacs from collapsing.

A ventilator also may help patients for breath during surgery.

The COVID-19 pandemic has shown a positive impact on the growth of global medical ventilators market. During Covid-19 outbreak, the demand for medical ventilators has increased due to an increase in the number of ICU admissions globally. The exponential rise in COVID-19 cases around the world requires long- and short-term respiratory support, which drives up demand for medical ventilators and is expected to drive the global medical ventilator market forward. Aside from this, the governments of numerous nations have effectively applied new strategies and reimbursement rules to advance the utilization of medical ventilators services.

Global medical ventilators market is segmented on the basis of type, mobility, age group, end-user and region & country level. On the basis of type, the global medical ventilators market is divided into invasive ventilators and non-invasive ventilators. On the basis of mobility, the market is divided into invasive care and portable. On the basis of age group, the medical ventilators market is divided into adult, pediatric and neonates. On the basis of component, the market is divided into device and services. On the basis of end-user, the market is divided into hospitals, ambulatory care center, hospital and clinic, home care, ambulatory surgical center and others.

Global Medical Ventilators Market Segmentation:

By Type:

• Invasive Ventilators
• Non-invasive Ventilators

By Mobility:

• Invasive Care
• Portable

By Age:

• Adult
• Pediatric
• Neonates

By End-User:

• Hospitals
• Ambulatory Care Centre
• Hospital and clinic
• Home care
• Ambulatory Surgical Center
• Others

The regions covered in this global medical ventilators market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, the market of global medical ventilators is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc.

Key Players of Global Medical Ventilators Market Report:

Some major medical ventilator manufacturers are ResMed Inc., Philips Healthcare, Nihon Kohden Corporation, Asahi Kasei Corporation, Becton, Dickinson and Company, Hamilton Medical, Air Liquide, Dräger, Allied Healthcare Products Inc; Shenzhen Mindray Bio-Medical Electronics Co., Ltd, Airon Corporation, Bio-Med Devices Inc., TRITON Electronic Systems Ltd., GE Healthcare, Smiths Group plc, HEYER Medical AG, Teleflex Incorporated, and others.

Click Here to know more about Companies

Increasing Prevalence of Chronic Pulmonary Diseases and Growing Geriatric Population are Driving the Growth of Global Medical Ventilators Market

The demand for medical ventilators is rising due to an increase in the prevalence of respiratory disorders and a growing preference for home health care ventilators. Hospitals are rapidly turning to the portable and transport ventilators. And, using a portable ventilator in home health care decreases the price of a patient's stay in the hospital and enhances its living standard and community integration.

For instance; according to the World Health Organization (WHO), acute lower respiratory tract infections were one of the major causes of death and disability in both children and adults for decades. Lower respiratory tract infection is estimated to kill approximately 40 million people every year is the main cause of mortality in children under the age of five, Furthermore Influenza related respiratory tract system kill between 250,000 and 500,000 people each year, costing between US$71 and 167 billion.

In addition, rising geriatric population is also supplementing the growth of global medical ventilator market. Elder people suffer from many pulmonary diseases in that situation ventilators plays stupendous role for geriatric population because it helps to deliver oxygen directly to lungs and can also program to out of carbon dioxide exhale on their own. It helps older people when they get sick and it also help asthma penitent to take breath. For example; as per the United Nations (UN) estimation, by 2060, the geriatric population will reach 1.8 billion, which will account for 17.8% of the global entire population.

Furthermore, increasing prevalence of chronic pulmonary disease is also fostering the market growth. A chronic pulmonary disease is the inflammatory lung disease that causes clog up airflow from the lungs and patients have breathing difficulty. Ventilatory support is a life-saving therapy for those with COPD and asthma who are suffering an acute exacerbation. The therapeutic goals are to enhance gas exchange, decrease respiratory distress, and unload the ventilator pump.

For example; as per the World Health Organization (WHO), around 235 million people globally suffer from asthma.

However, lack of trained medical staff and side effects & complications related with ventilator usage may hamper the global medical ventilators market growth. In spite of that, coronavirus outbreak and increasing need for portable ventilators for emergency usage can offer more opportunities for the further growth of the global medical ventilators market.

North America is Anticipated to Dominate the Global Medical Ventilators Market

North America is expected to dominate the global medical ventilators market due to the increasing COVID-19 patient volume, high prevalence of chronic diseases and respiratory disease, and presence of key market players in this region. Medical ventilators were seeing a strong increase in demand in the United States in 2020, which is effective at promoting market growth. And, as per the Centers for Disease Control and Prevention (CDC), chronic situations accounts for about 90% of the $3.3 trillion yearly health care expenses in the U.S. Chronic diseases will influence an estimated 164 million Americans, almost 50% of the population projected that by 2025. Also, as per the WHO World Health Organization COPD is the third biggest cause of death worldwide, accounting for 3.23 million deaths in 2019.

Asia Pacific is expected to witness a fastest growth in the global medical ventilators market due to the rising geriatric population and increasing COVID-19 patients. Geriatric people suffer from various types of hearts and lungs disease adding asthma those people is always required ventilators. According to the WHO in 2019, Asia-Pacific had a geriatric population from over 548 million people, accounted for more than half of the world's total old population. As a result, the expanding geriatric population is likely to boost market expansion over the forecast period, owing to the fact that asthma is a common disease among people over 65 years of age.

North America

• U.S.
• Canada

Europe

• U.K.
• France
• Germany
• Italy

Asia Pacific

• China
• Japan
• India
• Southeast Asia

Latin America

• Brazil
• Mexico

The Middle East and Africa

• GCC
• Africa
• Rest of the Middle East and Africa

Key Benefits of Global Medical Ventilators Market Report:

• Global Medical Ventilators Market report covers in-depth historical and forecast analysis.
• Global Medical Ventilators Market research report provides detail information about market introduction, market summary, global market revenue (revenue USD), market drivers, market restraints, market opportunities, competitive analysis, regional and country level.
• Global Medical Ventilators Market report helps to identify opportunities in marketplace.
• Global Medical Ventilators Market report covers extensive analysis of emerging trends and competitive landscape.

 Frequently Asked Questions (FAQ) :