The mechanical ventilators are a type of ventilation that uses mechanical devices to replace, control, or change spontaneous breathing. With the help of a ventilator, mechanical ventilation is to maintain airway patency, improve ventilation and oxygenation, prevent the body from hypoxia and carbon dioxide accumulation creating the condition. The objective of the mechanical ventilator is to relieve respiratory distress, decrease work of breathing, improve pulmonary gas exchange, reverse respiratory muscle fatigue, permit lung healing, and avoid complications.
The global mechanical ventilators market size was stood at USD 2.36 billion in 2019 and projected to grow at a CAGR of 12.61% during the forecast period, 2020-2027. The growth of the market is driven by the rapidly increasing geriatric population, high prevalence of tobacco smoking, and the rising ICU beds. Further, the surge in the incidence of chronic respiratory diseases among the geriatric population and growing expenditure on healthcare facilities in developing countries will affect the global mechanical ventilators industry in future periods. Additionally, the unprecedented outbreak of COVID19 is estimated to the rising demand by leaps and bounds for the mechanical ventilators. Also, the rise in government expenditure on healthcare on global scale supplements is projected to drive the growth of the mechanical ventilators market.
Moreover, the growing prevalence of chronic obstructive pulmonary disease (COPD) and technological innovations in the field of positive-pressure airway devices is anticipated to fuel the demand for mechanical ventilators across the globe in the coming years. The increase in the incidence of chronic respiratory diseases such as asthma, chronic obstructive lung disease, etc. is expected to witness remarkable growth in the market. Furthermore, the rising need for emergency treatment for prolonged illnesses and protracted treatment associated with lung diseases in children and adults is expected to trigger the mechanical ventilator industry’s growth in the analysis period. The upsurge in the geriatric population base around the world requiring long term ventilation is positively impacting the demand of the market. Integrating high-speed signal processing and on-board intelligent firmware in mechanical ventilation has spurred the market’s robust growth.
Chronic respiratory diseases have become a significant global public health problem. Respiratory diseases account for three of the top five leading causes of death. The disease spectrum of these diseases is changing rapidly with changes in lifestyle. In addition to traditional chronic obstructive pulmonary disease, asthma, lung cancer, etc., new problems such as pulmonary heart disease and interstitial lung disease are spreading. COPD is considered to have the most uncomfortable symptom of all diseases. According to WHO, the chronic respiratory disease affects one billion people worldwide and is a leading cause of death. Most forms of the disease are non-communicable, such as chronic obstructive pulmonary disease (COPD), asthma, chronic bronchitis, occupational lung disease, and pulmonary hypertension.
According to the United Nations, the global population aged 65 and older is growing faster than younger groups. UN stated that by 2050, 1 out of 6 people in the world would be over 65 years old, compared with 11 in 2019. In 2018, the world’s population aged 65 or above surpassed the number of people under the age of 5 unprecedentedly. Also, the population of 80 or more is expected to triple, from 143 million in 2019 to 426 million in 2050.
Recently, the outbreak of COVID-19 has vigorously affected the healthcare system of developed and developing countries globally. The growing proportion of critical care beds and breathing-related emergencies among the elderly will enhance mechanical ventilators’ growth. Additionally, the surge in the number of hospitals, healthcare centers, and increasing ICU bed admissions and coronavirus cases worldwide will demand ventilators in the later time.
Based on the product, the global mechanical ventilators market classified into intensive care ventilators (high-end, mid-end, basic-end) and portable ventilators. Intensive care is expected to be the highest revenue share for mechanical ventilators during the forecast period. The segment’s growth is primarily attributed to the upsurge in the number of ICU beds and the increasing adoption of equipping the ICU beds with ventilators. Intensive care ventilators include high-end, mid-end, and basic-end ventilators.
The portable ventilators will witness a lucrative growth rate in the estimated period due to the rise in demand for low cost, user-friendly, and flexible, portable ventilators.
Based on the interface, the global mechanical ventilators market segregated into invasive ventilation and non-invasive ventilation (CPAP, BPAP, and APAP). The non-invasive ventilation segment held a higher market share in 2019 and projected to dominate the global mechanical ventilators market by 2027. It is due to the cost-effectiveness, better tolerance, and convenience than invasive ventilation and easy availability of the non-invasive ventilation outside the ICU setting.
The invasive ventilation will grow at a significant CAGR in the forecast period. It is owing to the growth of invasive ventilation in respiratory diseases, neurological diseases, and sleeping disorders.
Based on the ventilator type, the global mechanical ventilators market bifurcates into adult ventilators and neonatal ventilators. The adult ventilators segment estimated significant growth over the analysis timeframe due to the large patient population with severe COPD, asthma, other chronic respiratory diseases, and rapid growth in the geriatric population.
The neonatal ventilators will grow at a significant rate during the forecast period due to the surge in the number of newborn babies ‘ birthrate, and it provides breathing support for ill or immature babies.
Based on the application, the global mechanical ventilators market segregated into resuscitation, homecare applications, emergency/transport, sleep apnea therapy, anesthesiology, and clinical applications. The emergency/transport segment held for a significant market share in 2019 and will witness to gain maximum market revenue by 2027. It is attributable to increasing medical emergencies related to breathing disorders such as lung cancer, sleep apnea, etc.
The resuscitation segment is poised to witness significant growth over the forecast period. It is due to the mechanical ventilators act as artificial ventilation during cardiopulmonary resuscitation and used in the treatment of cardiac arrest patients.
Based on the mode, the global mechanical ventilator market categorized into a combined mode ventilator, control mode ventilator, and pressure mode ventilator. The pressure mode ventilator is projected to expand at a higher CAGR from 2020 to 2027. It is attributed to the pressure mode to help in increased mean airway pressure, protection against barotrauma, and augmented duration of alveolar recruitment.
Based on the end-user, the global mechanical ventilators market bifurcates into hospitals, ambulatory surgical centers, and homecare. The hospital segment will dominate the global mechanical ventilators market by 2027. Due to the surge in the number of private and public hospitals, economic expansion, and government focus on broader healthcare policies.
The homecare accounted for the largest share of the ventilators market in 2019 on account of increasing patient preferences for value-based healthcare.
Based on geography, the global mechanical ventilators market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America estimated to project considerable growth over 2020-2026. It is owing to the growing geriatric population, high prevalence of smoking, highly developed healthcare system, and high healthcare expenditure.
The Asia Pacific will capture a prominent share of the mechanical ventilators market by 2027. Due to the swelling cases of COVID 19, the surge in chronic respiratory diseases, and rising healthcare expenditure.
Companies such as Air Liquide, Drägerwerk AG & Co. KGaA, Fisher & Paykel Healthcare Limited, Hamilton Medical, Medtronic, Koninklijke Philips N.V., Smiths Group plc, Getinge AB, VYAIRE MEDICAL, INC., ResMed, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., ACOMA Medical Industry Co., Ltd, ZOLL Medical Corporation, SCHILLER, Bio-Med Devices, Cardinal Health, Skanray Technologies Pvt. Ltd, Allied Healthcare Products, Inc and Carl Reiner GmbH are the key players in the global mechanical ventilators market.
By Ventilator Type
Global Mechanical Ventilators Market