The global emergency ventilator market size was valued at USD 5.5 billion in 2021 and is projected to reach around USD 4.2 billion in 2030 exhibiting a CAGR of 4.5% in the forecasted period. The growth in number of medical care units and ICU beds, increase in incidence & prevalence of chronic and infectious diseases are projected to drive the emergency ventilator market over the years. Moreover, urbanization and increasing pollution level, rapid upsurge in geriatric population, and surge in incidence of preterm births are projected to increase the market growth. However, high cost of ventilators and their arrangement is expected to prompt people to choose substitute oxygenation therapies. Moreover, some difficulties are related to the usage of ventilators.
The market is principally driven by increasing concern among people about their health and safety. Ambulances are fixed with emergency ventilators that help patients avail medical necessities on their way to the hospital. All these are factors drive the ventilator market; however, high cost of ventilators and their setup is likely to prompt people to prefer alternative oxygenation therapies. Furthermore, some complications are associated with the usage of ventilators. These factors are hampering the market. As per the Centers for Disease Control and Prevention, chronic obstructive pulmonary disease (COPD) is the fourth-leading cause of demise in the U.S. Tobacco smoke reasons major damage in the U.S.; however, 1 out of 4 individuals with COPD has never smoked in their life. Above 140,000 U.S. citizens die of COPD per year, i.e., is 1 death every 4 minutes. COPD is a vital cause of death, globally. It is anticipated to become the world’s third-biggest health threat by the end of 2020.
The COVID-19 pandemic has been beneficial for the market and it rendered a positive impact on the market growth. The necessity for ventilation facilities throughout the COVID-19 outbreak rapidly improved day-to-day functioning capabilities. The American Association for Respiratory Care joined hands with the numerous organizations to train respiratory therapists on operative ventilators during COVID-19. This has further moved the market players to upsurge their production capabilities to meet the increased demand. Several manufacturers were flooded with orders throughout the pandemic. In March 2020, Philips declared that it ramped up the production of critical care products and solutions to support the diagnosis and treatment of patients with COVID-19. The company also enlarged the manufacture of patient vital signs monitors and portable ventilators and consumables for invasive and non-invasive ventilation to treat a broad range of breathing problems.
Type Insights
Based on type, the market is segmented into volume-controlled ventilation modes, pressure-controlled ventilation modes, spontaneous breathing (non-invasive). The volume-controlled ventilation modes segment is expected to hold the maximum market share. The factors can be accredited to less side-effects of treatment and a high degree of accuracy.
Application Insights
On the basis of application, the market is bifurcated into children, adults, and infant. The adults segment is expected to hold the most substantial CAGR in the estimated period owing to the increasing use of emergency ventilators for adults all over the world.
End User Insights
On the basis of end user, the market is bifurcated into hospitals, home healthcare, and others. The hospitals segment is expected to hold the most substantial share in the estimated period owing to growing hospitals’ expenditure that permits the approval of technologically advanced ventilators. In addition, the convenience of skilled health care providers to function these ventilators, the enlarged emphasis on better health results, and better productivity of hospitals are contributing to the segment growth.
The home healthcare segment is predicted to witness the fastest growth during the forecast period. A growing number of government enterprises intended at curbing healthcare expenditures by endorsing home healthcare support the market growth.
Region Insights
North America held a notable share of the global ventilators market in 2021. A growing number of critically ill COVID-19 patients in the U.S. (4,813,647 as of 3 August 2020) and the presence of prominent manufacturers applying production boosts are key elements boosting the regional market. Moreover, the U.S. automotive giants like Ford, Tesla, and GM have switched their assembly lines for medical supplies such as mechanical ventilators, masks, and other medical devices to assist the government with the deficiency problems of these devices. This, in turn, caused in the significant growth of the regional market.
The market in the Asia Pacific region is anticipated to expand at a prominent CAGR during the forthcoming period. Fast expansion of the healthcare business in China and India and a rapid upsurge in COVID-19 patients is anticipated to drive the demand for emergency ventilators in the near future. Major factors that projected to boost the market in the region are upsurge in the elderly population, growth in accessibility to ventilators, increase in investments in the region by major market players, and existence of a favourable regulatory environment in the region.
Key Companies Insights
To stay competitive in the total market, players are using new methods such as new product development, mergers and acquisitions, joint projects, and geographic expansions. Some of the key companies working in the global emergency ventilator market include:
- Koninklijke Philips N.V.
- ResMed
- Medtronic plc
- Becton, Dickinson and Company
- Getinge
- Drägerwerk AG
- Smiths Group plc
- Hamilton Medical
- GE Healthcare
- Fisher & Paykel
- Air Liquide
- Zoll Medical Corporation
- Allied Healthcare Products, Inc.
- Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
- Schiller
- Other players
Some of the Recent Developments:
- In November 2020, Philips’s Ventilator BiPAP A40 EFL enables health care specialists to automatically screen and identify expiratory flow limits to provide optimal homecare treatment. Thereby, the launch of new products with advanced technology is estimated to boost the market growth.
- In March 2020, Hamilton Medical accelerated the production of some 15,000 mechanical ventilators yearly by 30.0% – 40.0% and is now manufacturing about 80 mechanical ventilators daily.
Segments
By Type
- Volume-controlled ventilation modes
- Pressure-controlled ventilation modes
- Spontaneous breathing (non-invasive)
By Application
- Children
- Adults
- Infant
By End User
- Hospitals
- Home Healthcare
- Others
Analysis of the impact of COVID-19 and the Russia-Ukraine War:
The readers of this section will be better informed on the effects of the pandemic, the post-pandemic, and the Russia-Ukraine War on the global market for refrigerated freight services. The factors that have changed since the poll was done include demand, consumption, transportation, consumer behavior, and supply chain management. Industry experts have also emphasized the crucial factors that will help players identify opportunities and maintain the sector as a whole in the approaching years.
The main goals of report are:
- To examine and assignment the extent of the international market for the market sector.
- To Researching the important gamers globally, their SWOT analysis, market value, and market share.
- To identify, describe, and mission market based totally on type, quit use, and geography.
- To take a look at the market advantages, challenges, dangers, and constraints in the world’s principal regions.
- To pick out key traits and variables that are advertising or inhibiting market growth.
- To decide the excessive increase segments in order to have a look at the market potentialities for stakeholders.
- To consider every submarket fastidiously in phrases of its very own boom sample and market contribution.
- To know market possessions, agreements, growth, and the introduction of new merchandise as aggressive advances.
- To strategically discover the essential gamers and completely take a look at their enlargement plans.
