Mechanical Ventilator Market

SKU: DMMD880 | Last Updated On: Aug 22 2022 | Available Formats

> Mechanical Ventilator Market Expected to reach a high CAGR of 6.2% By 2029: DataM Intelligence

Mechanical Ventilator Market Trends Growth Outlook 2022

Mechanical Ventilator market size was valued at USD 6,767.60 million in 2021 and is estimated to reach at a compound annual growth rate (CAGR) of 6.2% over the forecast period 2022 to 2029.

The mechanical ventilator is an artificial breathing device that is used by patients who are unable to breathe naturally due to acute medical conditions. It is a life support system that helps patients breathe when they are unable to maintain adequate alveolar ventilation. A patient is connected to a ventilator through an endotracheal tube directly applied to the airway of a patient or NIV face mask.

Ventilators are often used during surgery when the patient is given anesthesia; respirators help to put patients to sleep without interrupting normal breathing. It also diagnoses airway resistance and irregular functioning of the respiratory system. The failure of ventilators may result in death so it is classed as a life-critical system and should be highly reliable. The device is used among patients who have suffered a spinal cord injury, stroke, or neuromuscular disorder or are suffering from a chronic obstructive pulmonary disease (COPD), apnea, acute lung injury, or hypoxemia. Currently, a portable mechanical ventilator is the most widely used ventilator in the Mechanical Ventilator Market.

Among all regions, North America Mechanical Ventilator Market controls a significant share of the global market share throughout 2022-2029. In the North American region, the United States produces its prominent share growth of the North America region. The mechanical Ventilator Market in Europe region is respected to produce a decent growth rate during the forecast period 2022-2029.

Market Dynamics

  • Significant drivers, driving the mechanical ventilator market include an increase in the incidence of COPD, growth in the geriatric population, technological innovations and advancements in portability and design, and supportive government funding.

  • According to the World Health Organization (WHO), 65 million people suffer from moderate to severe COPD in 2017, causing 3 million deaths. COPD is the third most fatal disease across the globe. Increasing cases of COPD, bronchitis, and asthma are due to a rise in air pollution levels. WHO data states that 9 out of 10 people are breathing air containing a high concentration of pollutants.

  • According to the United Nations, the global geriatric population was around 809.4 million in 2018, and by 2050 it is anticipated to grow more than double to reach an estimated population of over 2,000 million. The geriatric population is associated with many respiratory severe disorders that require continuous long-term ventilation.

Market Restraints

Tight budgetary constraints faced by ventilator manufacturers and healthcare service providers and risks associated with mechanical ventilation procedures like the entry of bacteria into the lungs via the endotracheal tube causing pneumonia or injury of the lung are restricting the growth of this market.

Mechanical Ventilator Market Scope

Metrics

Details

Market CAGR

6.2%

Segments Covered

By Product Type, By Age Group, By Interface, By Mode, By End User, and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America

To know more insights into the market, Get Our Sample Brochure

Market Segmentation

The global mechanical ventilator market is segmented based on product type as stationary and transport/portable ventilators, based on age group as intensive/critical care and neonatal ventilator, interface as a non-invasive and invasive ventilator, mode as combined mode, volume mode, and pressure mode ventilator, by end-user and by region.

According to Draeger, a primary key player in the mechanical ventilator market, transport/portable mechanical ventilators held XX% of the market share in 2018 and is expected to increase to YY% by 2026. This is due to an increased usage of portable ventilators in hospitals to provide continuous and faster care to patients before their arrival on the premises.

Portable ventilators prompt the patients to adopt home care thus increasing the patient’s safety and comfort.

Neonatal care is also expected to witness a rise in market share by 2026. According to WHO, every year an estimated 15 million babies are born preterm, and the numbers are rising, these babies need oxygen therapy immediately after birth.

Geographical Share

According to geography, the mechanical ventilator market is segmented into North America, Europe, South America, Asia-Pacific, and the rest of the world.

North America accounted for the largest market for mechanical ventilators in the year 2018 followed by Europe and the Asia Pacific. U.S. is estimated to have a market share of XX% in 2026.

According to The American Association for the Surgery of Trauma, 890,257 hospitalizations in the U.S. involved mechanical ventilation in 2018, representing 3.8 episodes of mechanical ventilation per 1000 population. The robust healthcare system, active research activities, awareness of the latest health care technologies, and the presence of significant market players like Bunnell Inc., ResMed Inc., Smiths Medical, and Medtronic plc. are the key factors attributed to the large share of mechanical ventilators market in North America.

According to the Center for Disease Control and Prevention, COPD was the third leading cause of death in the United States in 2018; great cases of COPD are due to an increase in smoking and air pollution. According to WHO statistics, the U.S. is responsible for 5% of total global air pollution.

Europe is anticipated to register profitable growth over the forecast period. According to the European Lung Foundation, there is a significant rise in the cases of COPD in 2017, around 2 to 3 lacks people die each year in Europe because of COPD.

According to the British Lung Foundation, in 2018, approximately 2% of the entire population and 4.5% of all people aged over 40 are living with diagnosed COPD in the UK.

Mechanical Ventilator Market Trends

The key players in mechanical ventilators are Draeger, Vyaire Medical, Philips Respironics, Smiths Medical, Becton Dickinson and Company, Ventinova, Medtronic, Plc. And Mindray Medical International Limited. The other players in the market include Tecme SA, ResMed Corp., and Fisher & Paykel Healthcare Limited.

Industry Developments:

  • In September 2018, Philips Respironics launched Trilogy Evo Ventilator which is a portable life support ventilator designed to stay with patients and provide them with consistent therapy and monitoring change care environments when their condition changes.

  • In April 2018, Claire Medical, a global leader in respiratory care-acquired Acutronic Medical Systems which is a globally recognized manufacturer of neonatal ventilation equipment.

  • In September 2017, Mindray Bio-Medical Electronics Co., Ltd. launched ventilator SV800 and increased its product portfolio.

  • In September 2017, Becton Dickinson acquired C.R. Bard and CareFusion to enhance the company’s respiratory health product portfolio.

  • In August 2017, Ventinova launched its new mechanical ventilator Evone and started introducing it in selected hospitals in Europe in 2018.

Trending Topics

Portable Ultrasound Market

Portable Vein Finder Market

Disposable Oxygen Masks Market

Did not find what you were looking for?Every 7 out of 10 customers request tailored reports. Get yours today!
We collate your requirements.
Our global research team is put into action.
We deliver, and make sure your endeavour is a success!

Buy This Report



Note*: For "Bundle/Bulk" Subscription of Reports,
please contact: [email protected]

Get your free sample proposal with a single click!

linkedinpinterest