The ventilator means to replace the autonomous ventilation function artificially, has been widely used in respiratory failure caused by various reasons, respiratory support treatment, anesthesia breathing management during major surgery, and emergency resuscitation occupy a vital position in the field of modern medicine. The ventilator is an essential medical device that can prevent and treat respiratory failure, reduce complications, save and extend the life of patients.
The ventilator is a device that can help control or change the physiological breathing of the human body, increase lung ventilation. It can effectively improve respiratory function and reduce respiratory function consumption. The monitoring function of the ventilator is one of the key links in determining the grade of the ventilator. A complete ventilator monitoring function is an important prerequisite for achieving a ventilator suitable for the pathophysiological changes of the lungs of patients, not only displaying conventional ventilation and lung mechanical parameter values.
Global Ventilators Market appraised to grow with a substantial rate during the forecast period, 2020-2027. Rising geriatric population, high prevalence of tobacco smoking, and increasing respiratory diseases are vital factors estimated to trigger the global ventilators market in the future time. Additionally, the rising pollution level, and the rapid pace of urbanization coupled with the increasing expenditure on healthcare by government, will propel the global ventilators industry in the estimated periods. Increasing cases of respiratory emergencies and Chronic Obstructive Pulmonary Disease (COPD) are major factors projected to boom the global ventilator market size in the upcoming periods.
Moreover, the increasing demand for home care therapeutics and higher growth in developing countries like China and India estimated to lead to the robust growth of the global Ventilator market. Ventilators are an essential tool needed to treat patients with some respiratory problems such as COVID-19 coronavirus. The ventilator takes the workload off sick patients’ lungs by supplying oxygen to the body and stimulating breathing, allowing their lungs to rest and recover.
According to the World Health Organization, a 5% population who become infected with the virus would require treatment in a hospital intensive care unit, and most critically ill patients will need mechanical ventilation.
the disease caused by the novel coronavirus, can cause complications like pneumonia and acute respiratory distress syndrome and targets the lungs. Severe cases require a ventilator to be able to deliver enough oxygen from the lungs to the rest of the body. A ventilator shortage, then, will mean some patients are denied life-saving care. Doctors in Italy may have to choose which patients get ventilators and therefore live and which ones don’t and die. Ventilator manufacturers are pressurized to sharply increase production even as the pandemic has disrupted the transport and supply of crucial parts, such as valves, hoses, electronics, and motors. In essence, some parts come from China, which is the original epicenter of the outbreak that has killed more than 10,000 people across the globe.
Population aging is poised to become the most significant social transformations of the twenty-first century, with implications for nearly all sectors of society. According to World Population Prospects: the 2019 Revision, by 2050, one in six people in the world will be over age 65 (16%), up from one in 11 in 2019 (9%). By 2050, one in four persons living in Europe and Northern America could be aged 65 or over.
Respiratory diseases are imposing an immense worldwide health burden as According to WHO, an increase in the proportion of the world’s urban population; a marked increase is expected in the number of asthmatic populations worldwide over the next two decades. It is estimated that there may be an additional 100 million people with asthma by 2025.
Based on mobility, the global Ventilators market bifurcated into Intensive Care Ventilators and Portable/Transportable Ventilators. The Portable/Transportable Ventilators segment predicted to gain significant share in the market by 2027, owing to the growing demand for the low cost, user-friendly, and flexible, portable ventilators, and the efficiency and variety of portable ventilators in different care delivery settings ranging from home care to ambulatory centers.
The Intensive Care Ventilators segment will drive by its applications in critical care areas of the hospital.
Based on the interface, the global Ventilator market bifurcated into Invasive Ventilation and Non-Invasive Ventilation. The Invasive Ventilation projected to dominate the market due to increasing demand in respiratory diseases, neurological diseases, and sleeping disorders. The Non-Invasive Ventilation segment will influence by its usage in the provision of ventilatory support through the patient’s upper airway using a mask or similar device.
Based on type, the global Ventilator market classified into Adult/Pediatric Ventilators and Infant/Neonatal Ventilators. The Infant/Neonatal Ventilators segment estimated to lead the market by 2027 due to benefits such as provide breathing support for ill or immature babies. Sick or premature babies are often unable to breathe well enough on their own.
The Adult/Pediatric Ventilators segment provides respiratory benefits for adult ages patients in ICU.
Based on Mode, the global Ventilator market categorized into Combined-Mode Ventilation, Volume-Mode Ventilation, Pressure-Mode Ventilation, and Others. Pressure-Mode Ventilation segment expected to gain maximum revenue by 2027 owing to its usages on patients who have no spontaneous respiration. It is the preferred technique in most centers to avoid alveolar overdistension.
The Combined-Mode Ventilation segment will drive by its usages for the standard method of treating adult respiratory distress syndrome.
Based on End-User, the global Ventilator market categorized into Hospitals & Clinics, Home Care, Ambulatory Care Centers, and Emergency Medical Services. Home Care segment anticipated to lead the market revenue by 2027 on account of growing out-of-pocket healthcare expenditure, rising per capita income, augmented awareness regarding advanced technologies among patients and doctors.
Based on geography, the global Ventilator market size segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The Asia Pacific estimated to occupy the lion’s market share by 2027, owing to growing cases of chronic respiratory diseases, mounting healthcare expenditure and infrastructural development, and improved healthcare policies promoting better care provision. North America region will drive by rising geriatric population, high prevalence of respiratory diseases, and highly developed healthcare system.
Companies such as Philips Healthcare, ResMed, Medtronic, Becton, Dickinson and Company, Getinge, Dräger, Smiths Group, Hamilton Medical, G.E. Healthcare, Fisher & Paykel, Air Liquide, Zoll Medical Allied Healthcare Products, Maquet Holding B.V. and Co. and Teleflex Incorporated are the key players in the Global Ventilator Market.