Ventilators Market Analysis and Forecast till 2031: By Product Type (Intensive Care Ventilators, Portable Ventilators, Neonatal Ventilators), Mobility (Non-Invasive Ventilation, Invasive Ventilation), Type (Adult Ventilators, Neonatal Ventilators, Paediat

Ventilators Market Analysis and Forecast till 2031: By Product Type (Intensive Care Ventilators, Portable Ventilators, Neonatal Ventilators), Mobility (Non-Invasive Ventilation, Invasive Ventilation), Type (Adult Ventilators, Neonatal Ventilators, Paediatric Ventilators), Mode (Combined-Mode Ventilation, Volume-Mode Ventilation, Pressure-Mode Ventilation, Other), End User (Hospitals, Ambulatory Surgery Centres, Specialty Clinics, Long Term Care Centres, Rehabilitation Centres and Homecare Settings) and Region

The global ventilators market was valued at USD 1.8 billion in 2021 and it is anticipated to grow up to USD 2.9 billion by 2031, at a CAGR of 5.0% during the forecast period.

The ventilator is basically an equipment which is used in intensive care units to help patients breathe when they are unable to do so on their own. Ventilators can be employed on the system either temporarily or permanently (as in long-term care) and are used across utilized in hospital settings, rehabilitation centers and at home. Mechanical ventilation, an endotracheal tube, and a nasogastric drain are the components of a ventilator. Ventilation devices remove carbon dioxide from the patient's body by supplying oxygen. It is used to keep people alive, but it is not used to treat illnesses or medical disorders. The mechanical ventilation system is used for patients with chronic diseases such as chronic obstructive pulmonary disease (COPD), asthma, brain traumas, and strokes.

Market Trends and Drivers

Rising prevalence of chronic obstructive pulmonary disease (COPD) and other respiratory disorders such as sleep apnea, acute lung injury, and hypoxemia are the most significant factors driving this market's growth. The increasing number of preterm births and rapid growth in the geriatric population are also expected to accelerate the market's overall growth. Moreover, the high prevalence of tobacco smoking which leads to respiratory disease will bolster the growth of the market.

Market Restraints and Challenges

The risks associated with the use of mechanical ventilators could stifle the industry's expansion. There is potential of infection from germs entering through the artificial airway, more mechanical breathing is required. Lung injury can also occur as a result of repeated opening and closing of the lungs' tiny air sacs. Consequently, the risks associated with the usage of devices are projected to challenge the ventilators market during the forecast period.

Global Ventilators Market Segmental Overview

The report analyses the Global Ventilators Market based on product, Mobility, type, mode, end use, and region.

Global Ventilators Market by Product

Based on Product, it is segmented into the intensive care ventilators, portable ventilators, neonatal and ventilators. The intensive care ventilators segment accounted for the largest share of the global ventilators market in 2021. The large share of the intensive care ventilators segment can be attributed to the rising number of intensive care beds equipped with ventilators. Increasing ICU admissions due to COVID-19 and re-admissions in developed countries, coupled with appropriate reimbursements, are also responsible for the large share of the ICU ventilators segment.

Global Ventilators Market by Mobility

Based on Mobility, it is segmented into non-invasive ventilation and invasive ventilation. The non-invasive ventilation segment is likely to dominate the market during the forecast period. The largest share of the segment is attributed to the wide range of applications and its ability to offer precise and higher concentrations of oxygen. The non-invasive ventilation can be delivered using advanced intensive care ventilators that can offer various respiratory support modes. Moreover, extensive RD investments in the healthcare sector and growing per capita income further boost the overall market growth. Consistent increase in the number of patients suffering from respiratory diseases is the main factor for the growth of the CPAP devices market. The CPAP devices are used in emergency settings and hospitals as an oxygen source for patients suffering from respiratory issues. CPAP devices can also support oxygen provision among patients undergoing heart treatment.

Global Ventilators Market by Type

Based on type, it is segmented into adult ventilators, neonatal ventilators and paediatric ventilators. The adult ventilators segment is likely to dominate the market during the forecast period. The largest share of the segment is attributed to the demand for adult ventilators are gaining popularity and traction in several countries globally at a rapid pace. The major factors increasing the global adult ventilators market growth are increasing cases of Chronic Obstructive Pulmonary Disease (COPD) and respiratory emergencies. In addition, technological advancements in devices for providing respiratory care is another factor driving demand for adult ventilators in the global adult ventilators market. The advent of cost-effective, patient-friendly, and portable size further drive usage of such ventilators and thus resulting in growth of the global market. Moreover, supportive initiatives from governments, especially in developing countries and region, is expected to increase demand for adult ventilators over the forecast period. Assemblers and Manufacturers in emerging countries, such as China and India are focusing more on producing non-invasive and cost-effective ventilator solutions to cater to local requirements and enhance patient care to the maximum. Developments, in terms of design, efficiency, and safety bring various benefits such as better gas exchange, improved weaning, better oxygenation and less damage to lungs.

Global Ventilators Market by Mode

Based on mode, it is segmented into combined-mode ventilation, volume-mode ventilation, pressure-mode ventilation, and others. The combined-mode ventilation segment is likely to dominate the market during the forecast period. The large share of this segment can be attributed to its advantages over conventional pressure-mode ventilation and volume-mode ventilation. The ability of combined-mode ventilation to provide both modes of ventilation makes it a desirable product in the ventilators market.

Global Ventilators Market by End-use

Based on end-use, it is segmented into hospitals, ambulatory surgery centres, specialty clinics and others. The hospitals clinics segment is likely to dominate the ventilators market during the forecast period is attributed to the financial capabilities of hospitals to purchase high-priced instruments and the availability of trained professionals to operate ventilators. Market growth is also driven by the rapidly increasing incidence of coronavirus disease. The COVID-19 outbreak has not only created pressure on healthcare resources but has also increased the number of hospital admissions.

Geographical Analysis of Global Ventilators Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The North American region is accounted for the majority of market share during the forecast period. Some of the key factors driving the growth of the ventilators market in North America include the rising geriatric population, growing number of smokers, high prevalence of respiratory diseases, increasing COVID-19 patient volumes, highly developed healthcare system, high healthcare expenditure, and major market players in the US are the key factors driving the ventilators market in North America.

Major Players in the Global Ventilators MarketCOVID-19 Impact

A worldwide emergency has been caused by the COVID-19 pandemic. One of the major equipment used to treat COVID-19 is a medical ventilator. The demand for medical ventilators has risen dramatically, pushing manufacturers to increase output by 30–50%. In 2019, it was projected that 77,000 new ventilators would be sufficient to meet the global demand. In April 2020, around 30,000 extra ventilators were required in New York City alone. Various large firms were competing to manufacture and deliver as many ventilators as possible around the world.

Recent Developments

• In May 2022. Max Ventilator launched multifunctional NIV ventilators with inbuilt oxygen therapy, humidifier.
• October 2021, Drägerwerk AG Co. KGaA launched Savina Ventilators. Savina 300 NIV offers safe, effective, and reliable non-invasive ventilation for acute and alternative care environments.
• August 2021 ResMed launched accessories such as AirSense 11, a next-generation PAP (positive airway pressure) device is designed to help people with sleep apnea start and stay on therapy to treat and manage obstructive sleep apnea.
• April 2020, the company announced that it intends to increase the production of hospital ventilators to 4,000 units/week by Q3 2020. Also, the company launched its new Philips Respironics E30 ventilator with an instantaneous production of 15,000 units/week. Furthermore, to strengthen its supply chain, the company, with its manufacturing partners, expanded its hospital ventilator assembly lines.

Frequently Asked Questions

Q1. How big is the Ventilators market?Ans. The global Ventilators Market size was USD 1.8 billion in 2021 and is anticipated to reach USD 2.9 billion in 2031, growing at a rate of 5.0% from 2022 to 2031.Q2. What is the Ventilators Market growth rate?Ans. The growth rate of the Ventilators Market is 5.0%.Q3. Which region holds a major market share for the Ventilators market?Ans. North America holds a major market share of the Ventilators Market in 2021.Q4. Which segment accounted for the largest Ventilators Market share?Ans. By end user, the hospitals segment accounted for the largest Ventilators Market share.Q5. Who are the key players in the Ventilators market?Q6. What are the factors driving the Ventilators Market growth?Ans. The major factors driving the growth of the market are the increasing incidence of COVID-19 across the globe.Q7. What are the key growth strategies of Ventilators Market players?Ans. The key growth strategies of Ventilators Market players are product launch and product approval.Q8. Which region will provide more business opportunities for the Ventilators Market during the forecast period?Ans. The Asia-Pacific region will provide more business opportunities for the Ventilators Market during the forecast period.

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