Global Mechanical Ventilators Market

Global Mechanical Ventilators Market By Product (Intensive Care Ventilators {High-end, Mid-end, Basic-end}, and Portable Ventilators), By Interface (Invasive Ventilation, and Non-invasive Ventilation (CPAP, BiPAP, APAP)), By Ventilator Type (Adult Ventilators, and Neonatal Ventilators), By Application (Resuscitation, Homecare Applications, Emergency/Transport, Sleep Apnea Therapy, Anaesthesiology, and Clinical Applications), By Mode (Combined Mode Ventilator, Control Mode Ventilator, and Pressure Mode Ventilator), By End-User (Hospitals, Ambulatory Surgical Centers, and Homecare), and By Region (North America, Europe, Asia Pacific, South America, and Middle East & Africa)-Global Forecast to 2027

Global Mechanical Ventilators Market Overview:

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.

Global Mechanical Ventilators Market Insights

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.

Growth Driver

Rising prevalence of respiratory diseases

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.

Rapid growth in the geriatric population

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.

COVID-19 Impacts Insights

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.

Product Segmental Analysis

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.

Interface Segmental Analysis

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.

Ventilator Type Segmental Analysis

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.

Application Segmental Analysis

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.

Mode Segmental Analysis

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.

End-User Segmental Analysis

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.

Region Segmental Analysis

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.

Competitor Analysis

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.

Key Stakeholders

  • Market research and consulting firms
  • Industry associations
  • Global mechanical ventilators manufacturing firm
  • Research organizations and consulting companies
  • Organizations, associations, and alliances related to mechanical ventilators
  • Regulatory bodies
  • Suppliers
  • Retailers

The objective of the Research

  • Market modeling starts with identifying a target market where historical data exists. A Market can include prediction problems, economic factors, analyzing customer behavior, and identifying new patterns from past events, which helps our client to have deep dive into the market.
  • Product analysis involves steps such as examining product features, costs, availability, quality, and other aspects. Product analysis is conducted to understand potential buyers and measure competition in the market.
  • Market Trend and Economic Factors Analysis helps in assessing potential changes to an economy’s inflation rate, taxes, interest rates, exchange rates, trading regulations, and excise duties that can or have a major effect on the target market.
  • Market Segmental Analysis defines in-depth scenario of the target market by the process of grouping consumers into naturally existing created segments of consumers who share similar product preferences or characteristics
  • The geographical mapping approach helps our clients to understand national or international markets because different consumers in different regions have different needs wants, and cultural characteristics that can be specifically targeted.

Market Modelling

By Product

  • Intensive Care Ventilators
    • High-end
    • Mid-end
    • Basic-end
  • Portable Ventilators

By Interface

  • Invasive Ventilation
  • Non-invasive Ventilation
    • CPAP
    • BPAP
    • APAP
    • Others

By Ventilator Type

  • Adult Ventilators
  • Neonatal Ventilators

By Application

  • Resuscitation
  • Homecare Applications
  • Emergency/Transport
  • Sleep Apnea Therapy
  • Anaesthesiology
  • Clinical Applications

By Mode

  • Combined Mode Ventilator
  • Control Mode Ventilator
  • Pressure Mode Ventilator

By End-User

  • Hospitals
  • Ambulatory Surgical Centers
  • Homecare

By Region

  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa

Global Mechanical Ventilators Market

Report Content

  1. Research Strategic Development
    • Market Modelling
    • Product Analysis
    • Market Trend and Economic Factors Analysis
    • Market Segmental Analysis
    • Geographical Mapping
    • Country Wise Segregation
  2. Research Methodology
    • Identification of Target Market
    • Data Acquisition
    • Refining of Data/ Data Transformations
    • Data Validation through Primary Techniques
    • Exploratory Data Analysis
    • Graphical Techniques/Analysis
    • Quantitative Techniques/Analysis
    • Visual Result/Presentation
  3. Executive Summary
  4. Market Insights
    • Supply Chain Analysis
    • Economic Factor Analysis
      • Drivers
      • Trends
      • Opportunities
      • Challenges
    • New Technological Landscape
    • Competitors & Product Analysis
    • Regulatory Framework
    • Company market share analysis, 2019
    • Porter’s Five forces analysis
    • New Investment Analysis
    • PESTEL Analysis
  5. Global Mechanical Ventilators Market Overview
    • Market Size & Forecast, 2016-2027
      • Demand
        • By Value (USD Million)
      • Consumption
        • By Volume (Number of Units)
      • Market Share & Forecast, 2016-2027
        • By Product
          • Intensive Care Ventilators
            • High-end
            • Mid-end
            • Basic-end
          • Portable Ventilators
        • By Interface
          • Invasive Ventilation
          • Non-invasive Ventilation
            • CPAP
            • BPAP
            • APAP
            • Others
          • By Ventilators Type
            • Adult Ventilators
            • Neonatal Ventilators
          • By Application
            • Resuscitation
            • Homecare Applications
            • Emergency/Transport
            • Sleep Apnea Therapy
            • Anaesthesiology
            • Clinical Applications
            • Others
          • By Mode
            • Combined Mode Ventilator
            • Control Mode Ventilator
            • Pressure Mode Ventilator
          • By End-User
            • Hospitals
            • Ambulatory Surgical Centers
            • Homecare
            • Others
          • By Region
            • North America
            • Europe
            • Asia Pacific
            • South America
            • Middle East & Africa
  1. North America Mechanical Ventilators Market Overview
    • North America Mechanical Ventilators Market Size & Forecast, 2016-2027
      • Demand
        • By Value (USD Million)
      • Consumption
        • By Volume (Number of Unit)
      • North America Mechanical Ventilators Market Share & Forecast, 2016-2027
        • By Product
          • Intensive Care Ventilators
            • High-end
            • Mid-end
            • Basic-end
          • Portable Ventilators
        • By Interface
          • Invasive Ventilation
          • Non-invasive Ventilation
            • CPAP
            • BPAP
            • APAP
            • Others
          • By Ventilators Type
            • Adult Ventilators
            • Neonatal Ventilators
          • By Application
            • Resuscitation
            • Homecare Applications
            • Emergency/Transport
            • Sleep Apnea Therapy
            • Anesthesiology
            • Clinical Applications
            • Others
          • By Mode
            • Combined Mode Ventilator
            • Control Mode Ventilator
            • Pressure Mode Ventilator
          • By End-User
            • Hospitals
            • Ambulatory Surgical Centers
            • Homecare
            • Others
          • By Country
            • US
            • Canada
            • Mexico
          • Price-Point Analysis
          • Manufacturer & Distributor List (Top 5)
          • Company Market Share (Top 3-5)
          • Economic Impact Study on North America Mechanical Ventilators Market
  1. Europe Mechanical Ventilators Market Overview
    • Europe Mechanical Ventilators Market Size & Forecast, 2016-2027
      • Demand
        • By Value (USD Million)
      • Consumption
        • By Volume (Number of Units)
      • Europe Mechanical Ventilators Market Share & Forecast, 2016-2027
        • By Product
          • Intensive Care Ventilators
            • High-end
            • Mid-end
            • Basic-end
          • Portable Ventilators
        • By Interface
          • Invasive Ventilation
          • Non-invasive Ventilation
            • CPAP
            • BPAP
            • APAP
            • Others
          • By Ventilators Type
            • Adult Ventilators
            • Neonatal Ventilators
          • By Application
            • Resuscitation
            • Homecare Applications
            • Emergency/Transport
            • Sleep Apnea Therapy
            • Anaesthesiology
            • Clinical Applications
            • Others
          • By Mode
            • Combined Mode Ventilator
            • Control Mode Ventilator
            • Pressure Mode Ventilator
          • By End-User
            • Hospitals
            • Ambulatory Surgical Centers
            • Homecare
            • Others
          • By Country
            • Germany
            • UK
            • France
            • Italy
            • Rest of Europe
          • Price-Point Analysis
          • Manufacturer & Distributor List (Top 5)
          • Company Market Share (Top 3-5)
          • Economic Impact Study on Europe Mechanical Ventilators Market
  1. Asia Pacific Mechanical Ventilators Market Overview
    • Asia Pacific Mechanical Ventilators Market Size & Forecast, 2016-2027
      • Demand
        • By Value (USD Million)
      • Consumption
        • By Volume (Number of Units)
      • Asia Pacific Mechanical Ventilators Market Share & Forecast, 2016-2027
        • By Product
          • Intensive Care Ventilators
            • High-end
            • Mid-end
            • Basic-end
          • Portable Ventilators
        • By Interface
          • Invasive Ventilation
          • Non-invasive Ventilation
            • CPAP
            • BPAP
            • APAP
            • Others
          • By Ventilators Type
            • Adult Ventilators
            • Neonatal Ventilators
          • By Application
            • Resuscitation
            • Homecare Applications
            • Emergency/Transport
            • Sleep Apnea Therapy
            • Anaesthesiology
            • Clinical Applications
            • Others
          • By Mode
            • Combined Mode Ventilator
            • Control Mode Ventilator
            • Pressure Mode Ventilator
          • By End-User
            • Hospitals
            • Ambulatory Surgical Centers
            • Homecare
            • Others
          • By Country
            • China
            • India
            • Japan
            • Australia
            • Rest of Asia Pacific
          • Price-Point Analysis
          • Manufacturer & Distributor List (Top 5)
          • Company Market Share (Top 3-5)
          • Economic Impact Study on Asia Pacific Mechanical Ventilators Market
  1. South America Mechanical Ventilators Market Overview
    • South America Mechanical Ventilators Market Size & Forecast, 2016-2027
      • Demand
        • By Value (USD Million)
      • Consumption
        • By Volume (Number of Units)
      • South America Mechanical Ventilators Market Share & Forecast, 2016-2027
        • By Product
          • Intensive Care Ventilators
            • High-end
            • Mid-end
            • Basic-end
          • Portable Ventilators
        • By Interface
          • Invasive Ventilation
          • Non-invasive Ventilation
            • CPAP
            • BPAP
            • APAP
            • Others
          • By Ventilators Type
            • Adult Ventilators
            • Neonatal Ventilators
          • By Application
            • Resuscitation
            • Homecare Applications
            • Emergency/Transport
            • Sleep Apnea Therapy
            • Anaesthesiology
            • Clinical Applications
            • Others
          • By Mode
            • Combined Mode Ventilator
            • Control Mode Ventilator
            • Pressure Mode Ventilator
          • By End-User
            • Hospitals
            • Ambulatory Surgical Centers
            • Homecare
            • Others
          • By Country
            • Brazil
            • Argentina
            • Rest of South America
          • Price-Point Analysis
          • Manufacturer & Distributor List (Top 5)
          • Company Market Share (Top 3-5)
          • Economic Impact Study on South America Mechanical Ventilators Market
  1. Middle East & Africa Mechanical Ventilators Market Overview
    • Middle East & Africa Mechanical Ventilators Market Size & Forecast, 2016-2027
      • Demand
        • By Value (USD Million)
      • Consumption
        • By Volume (Number of Units)
      • Middle East & Africa Mechanical Ventilators Market Share & Forecast, 2016-2027
        • By Product
          • Intensive Care Ventilators
            • High-end
            • Mid-end
            • Basic-end
          • Portable Ventilators
        • By Interface
          • Invasive Ventilation
          • Non-invasive Ventilation
            • CPAP
            • BPAP
            • APAP
            • Others
          • By Ventilators Type
            • Adult Ventilators
            • Neonatal Ventilators
          • By Application
            • Resuscitation
            • Homecare Applications
            • Emergency/Transport
            • Sleep Apnea Therapy
            • Anaesthesiology
            • Clinical Applications
            • Others
          • By Mode
            • Combined Mode Ventilator
            • Control Mode Ventilator
            • Pressure Mode Ventilator
          • By End-User
            • Hospitals
            • Ambulatory Surgical Centers
            • Homecare
            • Others
          • By Country
            • Saudi Arabia
            • UAE
            • South Africa
            • Rest of Middle East & Africa
          • Price-Point Analysis
          • Manufacturer & Distributor List (Top 5)
          • Company Market Share (Top 3-5)
          • Economic Impact Study on Middle East & Africa Mechanical Ventilators Market
  1. Competitor Analysis
    • Company Description
    • Financial Analysis
    • Key Products
    • Key Management Personnel
    • Contact Address
    • SWOT Analysis
    • Company Profile
      • 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
      • Other Prominent Players