March 2020
BWC19449

180
ventilator market bwc19449
Global
Market Overview:
The global Ventilator market
is approaching new heights due to growing number of premature births, a rapid
rise in the geriatric population, a rise in the prevalence of respiratory
diseases and an increase in the number of ICU beds due to the recent
outbreak COVID-19 is driving the market
of ventilator.
A ventilator is a mechanical
ventilation system that transfers breathable air into and out of the lungs to
administer breaths to a patient who is medically unable to breathe or breathe
insufficiently. Modern ventilators are computerized microprocessor-controlled
devices but a simple, hand-operated bag valve mask can also be used to
ventilate patients. Ventilators are primarily used in intensive care, home
care, and emergency medicine (as stand-alone units) and anesthesiology (as an
anesthesia machine component). due to growing number of premature births, a
rapid rise in the geriatric population, a rise in the prevalence of respiratory
diseases and an increase in the number of ICU beds due to the recent
outbreak COVID-19 is driving the market
of ventilator.
Growth
drivers
Recent outbreak of Corona
COVID-19 Pandemic.
Different Companies have
started manufacturing ventilators due to the recent emergency hit by Corona
Virus (Pandemic). Increasing number of patients surges the demand for more and
more ventilators in shorter period of time. The coronavirus is targeting the
lungs of people, in some cases affecting their breathing capacity as they grow
pneumonia. Ventilators that carry oxygen through a tube in the windpipe to the
lungs are crucial to keeping those patients alive.
Rise in prevalence of
Chronic disease
The ventilator demand is
powered by multi-country rise in healthcare spending, with governments making
investments to develop people's healthcare facilities. Increasing chronic
disease prevalence can be seen as a major factor driving government spending in
healthcare. This increase in healthcare spending to boost accessibility to
diagnostic and treatment facilities also contributes to demand for critical
medicinal items, including ventilators.Number of corona effected patients
rising globally everyday due which increases requirement of ICU beds in every
hospitals.
Increasing Prevelance of
Respiratory disease
Global ventilators market is
increasing rapidly, owing to the growing prevalence of respiratory diseases
across the globe. In addition to this, the rapid spread of pandemic disease
such as Covid 19, many hospitals are experiencing a shortage of ventilators.
Thus, this shortage has resulting into the considerable demand for ventilators
across the globe. Furthermore, modernization of hospitals and ICUs in the developing
countries further drives the growth of the market. Moreover, to increase the
healthcare sector capabilities, many governments across the globe are creating
a massive budget for the ventilators around the world.
Restraints
Difficulties Associated With
the Use of Ventilators and High Cost
Increasing costs of
mechanical ventilators and rising incidence of ventilator-associated pneumonia
are anticipated to hamper the market growth.Huge demand due to recent outbreak
Corona COVID-19 and strict rule on import and export of medical devices
hamper the growth of ventilator maket
over the forecast period.
Global
Ventilator Market: Mobility
Based on Mobility.Global
Ventilator Market By Mobility comprises of Intensive Care Ventilators,
Portable/Transportable Ventilators and Critical care. Critcal care ventilators
are playing a major role in treating of patient suffering from COVID-19
Pandemic.Critical care Mobility dominated the market in 2019 and expected to
drive the market with a significant CAGR of XX % during the forecast period
2020-2026. Critical care ventilators recorded the largest share in 2019, and it
is projected that portable / transportable ventilators will rise at the fastest
CAGR during the forecast period. Demand for low-, user- and compact portable
fans drives demand for portable / transportable fans.
Global
Ventilator Market: Interface
Based on Interface. Global
Ventilator Market is segmented into Invasive Ventilation and Non-Invasive
Ventilation. The major factor supporting the growth of the invasive ventilation
segment is broad applications in respiratory diseases, neurological illnesses
and sleeping disorders.
Global
Ventilator Market: Type
Based on Type. Global
Ventilator Market is Adult/Pediatric Ventilators and Infant/Neonatal Ventilators. Adult/Pediatric
type dominated the market in 2019 and expected to drive the market with a
significant growth during the forecast period 2020-2026 due to rapid increase
in the geriatric population, which is more vulnerable to respiratory disorders,
and the high prevalence of chronic respiratory diseases contribute primarily to
market growth
Global
Ventilator Market: Mode
Based on Mode. Global
Ventilator Market is segmented into Combined-Mode Ventilation, Volume-Mode
Ventilation, Pressure-Mode Ventilation, and Other Modes. . Portable ventilator segment led
the market in 2019 because of their extensive use in hospitals. Hospitals
promote the use of portable ventilators for easier and timely treatment.
Therefore, the growing number of hospitals is expected to drive the growth of
the segment as well.
Global
Ventilator Market: End User
Based on By End User. Global
Ventilator Market is segmented into. Hospitals & Clinics, Home Care,
Ambulatory Care Centers, and Emergency Medical Services.
Global
Ventilator Market: Regional Insights
Based on the region, the
Ventilator market segmented into North America, Europe, Asia Pacific, Latin
America, and Middle East & Africa. One key factor leading to market growth
is the availability of well-equipped hospitals with advanced medical devices.
Additionally, rising healthcare spending in countries like the U.S. and Canada
is further driving business growth. On the other hand, over the forecast
period, the Asia Pacific area is projected to rise at the highest CAGR of XX One of the key factors driving market growth
is fast growth of the geriatric population in countries such as Japan and South
Korea. India is one of the largest importers of ventilators in the Asia Pacific
region, offering key vendors in that area potential growth opportunities. After
China, Europe is severely impacted by coronavirus outbreak. Italy has
outperformed China, reporting more than 11,591 deaths and 101,739 cases of
coronavirus. Besides other European countries such as France, Spain and the
United Kingdom Coronavirus has had a strong impact.With this recent outbreak
Indian Automobile mannufatures are producing ventilator in order to meet the
requirement in shorter period.
Ventilator
Market: Competitive Landscape
The major market players in
the Ventilator market are Philips , Resmed , Medtronic , Becton, Dickinson and
Company , Getinge , Dräger , Smiths Group , Hamilton Medical , GE Healthcare ,
Fisher & Paykel , Air Liquide , Asahi Kasei , Allied Healthcare Products ,
and other prominent players.
Recent
Development:
In 19 March 2020, Medtronic
pledges '24/7' ventilator production to meet coronavirus Demand-Medtronic
doubles its workforce and manufacturing potential for ventilators to better
meet the urgent demand of hospitals worldwide in the fight against the novel
coronavirus
In 24 March 2020, GE Healthcare And Ford Partner To Quickly Manufacture Ventilators For COVID-19 Patients-GE Healthcare and Ford Motor Company announced plans to work together to increase ventilator production — a move aimed at providing physicians with critical medical tools to treat patients with COVID-19, the respiratory disease caused by the new coronavirus. Equipped with the critical functions needed to treat COVID-19, the new device will be designed specifically to meet the pandemic's urgent needs.
Scope of the Report
Attribute |
Details |
Years Considered |
Historical data – 2016-2019 |
Base Year – 2019 |
|
Forecast – 2020 – 2026 |
|
Facts Covered |
Revenue in USD Billion |
Market Coverage |
U.S, Canada, Germany, UK,
France, Italy, Spain, Brazil, Mexico, Argentina, Japan, South Korea, China,
India, UAE, South Africa, Saudi Arabia |
Product/Service Segmentation |
Mobility, Interface,
Type, Mode, End-user |
Key Players |
Philips , Resmed ,
Medtronic , Becton, Dickinson and Company , Getinge , Dräger , Smiths Group ,
Hamilton Medical , GE Healthcare , Fisher & Paykel , Air Liquide , Asahi
Kasei , Allied Healthcare Products , and other prominent players |
By Mobility
·
Intensive
Care Ventilators
o
• High-End
ICU Ventilators
o
Mid-End ICU Ventilators
o
Basic ICU Ventilators
·
Critical
care
·
Portable/Transportable
Ventilator
By Type
·
Adult/Pediatric Ventilators
·
Infant/Neonatal Ventilators
By Mode
·
Combined-Mode Ventilation
·
Volume-Mode Ventilation
·
Pressure-Mode Ventilation
·
Other Modes
By End User
·
Hospitals & Clinics
·
Home Care
·
Ambulatory Care Centers
·
Emergency Medical Services
·
Hospitals & Clinics
By Region
·
North America
·
Europe
·
Asia Pacific
· Latin America
· Middle East & Africa
The
objective of the Study:
To analyze and forecast the
Global Ventilator market size of the market, in terms of value.
To examine the careful
market segmentation and forecast the market size, in terms value, based on the
region by segmenting the Global Ventilator market into five regions, namely,
North America, Europe, Asia Pacific, Latin America and Middle East & Africa
with their leading countries.
To outline, categorized and
forecast the Global Ventilator market based on Mobility, Interface, Type, Mode,
End-user and region.
To examine competitive
developments like technological advancement, services, and regulative framework
within the global Ventilator Market.
To highlight the impact
analysis of the factors, affecting the market dynamics such as drivers,
restraints, opportunities, and challenges.
To strategically profile the key players and comprehensively analyze their market shares along with detailing the competitive landscape for market leaders.
We've been tracking the direct impact of COVID-19 on this market, and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Contact our sales team for more details at
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