Mechanical Ventilators Market Size By Product (Intensive Care Ventilators {High-end, Mid-end, Basic-end}, Portable Ventilators), By Interface (Invasive Ventilation, Non-invasive Ventilation {CPAP, BiPAP, APAP}), 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-use (Hospitals, Ambulatory Surgical Centers, Homecare), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026

Published Date: Apr 2020  |  Report ID: GMI1882  |  Authors: Sumant Ugalmugle, Rupali Swain

Report Format: PDF   |   Pages: 400   |   Base Year: 2019




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Mechanical Ventilators Market size was USD 2 billion in 2019 and will witness a CAGR of -20% between 2020 and 2026. Increasing number of COVID-19 cases across the globe is one of the significant factors that is boosting the market growth. The high growth rate of 300% to 400% from 2019 to 2020 has sparked an exponential market for mechanical ventilators. Growing expenditure on healthcare facilities and increasing incidence of chronic respiratory diseases among the geriatric population are the factors favouring the market growth. In addition, the advent of technological advancements related to ventilators coupled with rising number of intensive care beds (ICU) will augment the market growth.

Mechanical Ventilators Market

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Mechanical ventilators are the machines that assist in managing the breathing problems of the patients by delivering high concentrations of oxygen into the lungs. Mechanical ventilators play a vital role in reducing the amount of energy a patient uses on breathing. Therefore, the patient’s body can concentrate on fighting infection or recovering. The breathing problems can arise due to several reasons that include nervous system injuries, unconsciousness owing to severe infections, drug overdose and build-up of toxins. Thus, mechanical ventilators assist patients when certain illnesses prevents normal breathing.
 

Mechanical Ventilators Market Report Coverage
Report Coverage Details
Base Year: 2019 Market Size in 2019: USD 2 Billion
Historical Data for: 2015 to 2019 Forecast Period: 2020 to 2026
Forecast Period 2020 to 2026 CAGR: -20% 2026 Value Projection: USD 2.5 Billion
Pages: 400 Tables, Charts & Figures: 1316
Geographies covered (30): U.S., Canada, Germany, UK, France, Spain, Italy, Russia, Hungary, Poland, Turkey, China, India, Japan, Australia, South Korea, Taiwan, Indonesia, Brazil, Mexico, Argentina, Columbia, Peru, South Africa, Saudi Arabia, UAE, Egypt, Israel, Iran, Iraq
Segments covered: Product, Interface, Ventilator Type, Application, Mode and End-use
Companies covered (20): 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, GENERAL ELECTRIC COMPANY, Skanray Technologies Pvt. Ltd, Allied Healthcare Products, Inc., Carl Reiner GmbH
Growth Drivers:
  • Growing cases of COVID-19 pandemic infection
  • Increasing prevalence of chronic respiratory diseases
  • Rise in healthcare expenditure
  • Increase in number of ICU beds/critical care beds
  • Technological advancements
Pitfalls & Challenges:
  • Risks associated with the use of ventilators
  • High cost of mechanical ventilators

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Increasing number of ICU admissions due to COVID-19

The demand for the mechanical ventilators has increased over the past few months owing to the COVID-19 outbreak resulting in the increase in number of ICUs admissions across the globe. For instance, as per the recently published data by the World Health Organization (WHO), in April 2020, COVID-19 worldwide confirmed cases have increased to more than 1.43 million over the last few months. Furthermore, exponentially rise in COVID-19 cases across the globe requiring long and short term respiratory support will further fuel the market growth positively.
 

According to a recently published report from Imperial College London, it is estimated that around 30% of COVID-19 hospitalized patients require mechanical ventilators. Thus, owing to these statistics, the market will witness high demand for mechanical ventilators across the globe. In addition, rising proportion of critical care beds coupled with breathing related emergencies among elderly population will enhance the market growth. Upsurge in fund raising for healthcare industry and emerging technologies associated with ventilators are some other major factors that will positively impact on the growth of mechanical ventilators market.
 

Better patient care treatment in the intensive care units will boost the segmental growth

Global Mechanical Ventilators Market

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The intensive care ventilators held a market share of more than 80% in 2019 and is projected to grow at much faster rate up to 2026. The intensive care ventilators are further segmented into high-end, mid-end and low-end ventilators. Increasing rate of ICU admissions owing to COVID-19 outbreak and better treatment & patient care facilities will boost the mechanical ventilators market growth.
 

For instance, according to a news article, around 21% to 31% COVID-19 patients in the U.S. require intensive care ventilators. Since the number of COVID-19 cases are growing at a rapid pace, the market for these ventilators is expected to project a substantial growth in the coming years.
 

Several advantages of non-invasive ventilation systems will propel the segmental growth

The non-invasive ventilation segment is expected to expand at -19.3% CAGR through 2026. Some of the factors that have driven the segmental growth are cost-effectiveness, better tolerance and convenience than invasive ventilation and easy availability of the segment outside the ICU setting. Moreover, the non-invasive ventilation has an ability to interrupt therapy for breaks that allows easier weaning from mechanical support.
 

Growing incidence of respiratory disorders coupled with rising number of smokers will drive the segmental growth

Mechanical Ventilators Market By Type

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The adult ventilators segment was valued at around USD 1.8 billion in 2019 and is anticipated to witness significant growth over the analysis timeframe. The growth is attributed to factors such as increasing number of smokers and presence of large patient pool for respiratory diseases. In addition, growing ageing population coupled with chronic diseases such as chronic obstructive pulmonary disease (COPD) and asthma will further contribute to the market growth.
 

Increasing medical emergencies related to breathing illnesses will impel the mechanical ventilators market growth

The emergency/transport segment is projected to expand at a CAGR of more than -19.9% over 2019 to 2026. This is owing to the rising medical emergencies related to breathing disorders such as lung cancer, sleep apnea and other occupational lung diseases. Growing intra-hospital and inter-hospital patient transfer due to COVID-19 crisis will positively impact the growth of mechanical ventilators in the upcoming years.
 

Some benefits of pressure mode ventilation over other modes of ventilation

The pressure mode ventilation segment was valued at around USD 1 billion in 2019 and is expected to project considerable growth over 2020-2026. Advantages such as increased mean airway pressure, protection against barotrauma and increased duration of alveolar recruitment will render a positive impact on segmental growth. Furthermore, it has an ability to improve patient comfort and breathing by controlling the oxygenation.
 

Growing patient preferences for home healthcare will help in driving the segmental growth

Homecare segment held a significant business share in 2019 and is estimated to expand at -20.4% CAGR up to 2026. Growing awareness related to new technologies in home healthcare and increased patient preferences for value-based healthcare are some of the factors propelling the market demand. Moreover, high long-term care costs will provide an opportunity to the home healthcare companies to manufacture new homecare ventilators.
 

Increasing number of patients with coronavirus disease and growing prevalence of chronic respiratory diseases

U.S. dominated the North America mechanical ventilators market share in 2019 and is predicted to expand at more than -28.4% CAGR up to 2026. Rapidly growing COVID-19 cases will generate a need for intensive care admissions, thereby boosting the demand for mechanical ventilators. Currently, there are around 170,000 ventilators in the country, irrespective of which, the country is going through the shortage of ventilators owing to the momentous rise in COVID-19 cases across the country.
 

For instance, according to a recently published report by Centers for Disease Control and Prevention (CDC), in March 2020, there were around 53% ICU admissions out of total hospitalizations due to COVID-19 infection. Hence, owing to these factors, the country will witness significant market share.
 

Growing older inhabitants and increasing prevalence of respiratory disorders will further propel the country growth in the projected years. Upsurge in the critical care beds over the last few years will further increase the demand for mechanical ventilators.
 

Italy mechanical ventilators market revenue is projected to show exponential growth from the year 2019 to 2020. The enormous growth in the country is attributed to the rising number of COVID-19 cases and increasing demand for ICU beds to occupy these patients in the hospitals in Italy. For instance, according to the European Society of Anaesthesiology (ESA), in March 2020, the number of ICU beds in Italy has increased to more than 900 beds from previous 640 beds. Italy is further focusing on increasing their capacity by converting other hospital wards into intensive care units.
 

Implementation of numerous strategies such as new product launches and partnerships by major industry players

A few notable players in the mechanical ventilators market share are Medtronic, Getinge, Drägerwerk, Hamilton Medical, Philips, ResMed, GE Healthcare and Fisher & Paykel among others. These players are majorly focusing on several strategic developments such as new product launches, strategic acquisitions, partnerships and collaborations.
 

Recent industry developments:

  • In March 2020, GE Healthcare partnered with Ford Motor Company to produce ventilators. This strategic move will help to address the growing challenge of COVID-19 thereby, spurring the business growth.
     
  • In March 2020, Zoll Medical Corporation executed a plan to increase manufacturing capacity to 10,000 ventilators per month. This production volume expansion will help in the treatment of patients suffering from COVID-19 and will ultimately lead to the market expansion.
     

The mechanical ventilators market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD and volume in Units from 2015 to 2026, for the following segments:
 

By Product, 2015 – 2026 (USD Million and Units)

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

By Interface, 2015 – 2026 (USD Million and Units)

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

By Ventilation Type, 2015 – 2026 (USD Million and Units)

  • Adult Ventilators
  • Neonatal Ventilators

By Application, 2015 – 2026 (USD Million and Units)

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

By Mode, 2015 – 2026 (USD Million and Units)

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

By End-use, 2015 – 2026 (USD Million and Units)

  • Hospitals
  • Ambulatory Surgical Centers
  • Homecare
  • Others

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Russia
    • Austria
    • Sweden
    • Denmark
    • Estonia
    • Finland
    • Hungary
    • Norway
    • Switzerland
    • Poland
    • Turkey
    • Belgium
    • Bulgaria
    • Czech Republic
    • Ireland
    • Greece
    • Croatia
    • Latvia
    • Lithuania
    • Netherlands
    • Portugal
    • Romania
    • Slovenia
    • Slovakia
    • Serbia
    • Ukraine
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • Taiwan
    • Indonesia
    • Bangladesh
    • Kazakhstan
    • New Zealand
    • Pakistan
    • Philippines
    • Malaysia
    • Singapore
    • Thailand
    • Vietnam
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Columbia
    • Peru
    • Venezuela
    • Chile
    • Cuba
    • Ecuador
    • Uruguay
    • Paraguay
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • Qatar
    • Kuwait
    • Israel
    • Iran
    • Iraq
    • Jordan
       

Frequently Asked Questions (FAQ) :

The market size of mechanical ventilators was valued over USD 2 billion in 2019.
The industry share of mechanical ventilators is predicted to grow at -20% through 2026.
U.S. dominated the North America ventilators market and is expected to expand at -28.4% CAGR through 2026.
The intensive care ventilators segments held a market share of more than 80% in 2019 and is projected to grow at much faster rate over the analysis period.
A few notable players in the industry are Medtronic, Getinge, Drägerwerk, Hamilton Medical, Philips, ResMed, GE Healthcare and Fisher & Paykel among others.

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Premium Report Details

  • Published Date: Apr 2020
  • Pages: 400
  • Tables: 1276
  • Charts / Figures: 40
  • Companies covered: 20
  • Countries covered: 30

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