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

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.