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, 2019 – 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 exceeded USD 2 billion in 2019 and is expected to 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 across the globe. Growing expenditure on healthcare facilities and increasing incidence of chronic respiratory diseases among the geriatric population are the factors favouring the growth of market. In addition, the advent of technological advancements related to ventilators coupled with rising number of intensive care beds (ICU) will augment the market expansion.

Mechanical Ventilators Market Overview

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Increasing number of ICU admissions due to COVID-19 will result in fueling the mechanical ventilators market demand across the globe

The demand for the mechanical ventilators has increased over the past few months attributed to the COVID-19 outbreak resulting in the increase in number of ICU admissions across the globe. The surge in ICU admissions is attributed to the rapid growth in the number of people suffering from pandemic COVID-19 infection and other chronic ailments. 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 foster the industry 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 showcase high demand for mechanical ventilators across the globe. Additionally, rising proportion of critical care beds coupled with breathing related emergencies among elderly population will enhance the industry expansion during the forecast period. Upsurge in fund raising for healthcare industry and emerging technologies associated with ventilators are some other major factors that will positively impact the growth of market over the forecast period.

Better patient care treatment in the intensive care units will spur the segment growth

The intensive care ventilators segments dominated more than 80% of the mechanical ventilators market share in 2018. Increasing rate of ICU admissions credited to COVID-19 outbreak and better treatment & patient care facilities will act as a high impact factor for the market progression.

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 poised to project a substantial growth in the coming years.

Several advantages of non-invasive ventilation systems will propel the segment expansion

The non-invasive ventilation segment is projected to expand at 18.5% growth rate through 2026 led by the 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 segment revenue

Mechanical Ventilators Market Size

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The adult ventilators segment accounted for around USD 2.3 billion in 2018 impelled by increasing number of smokers and presence of large patient pool for respiratory diseases. In addition, rising ageing population coupled with chronic diseases such as chronic obstructive pulmonary disease (COPD) and asthma will further contribute to the market growth over the forecast period.

Increasing medical emergencies related to breathing illnesses will stimulate the market expansion

The emergency/transport segment in the mechanical ventilators market is set to attain a CAGR of 18.5% by 2026 on account of the rising medical emergencies related to breathing disorders such as lung cancer, sleep apnea and other occupational lung diseases, thereby enhancing the industry demand. Growing intra-hospital and inter-hospital patient transfer due to COVID-19 crisis will positively impact the growth of mechanical ventilators in the coming years.

Some benefits of pressure mode ventilation over other modes of ventilation will support the segment progression

The pressure mode ventilation segment exceeded USD 1.3 billion in 2018. Advantages such as increased mean airway pressure, protection against barotrauma and increased duration of alveolar recruitment will render a positive impact on the segment demand. 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 segment value

The mechanical ventilators market for homecare segment is estimated to expand at a CAGR of more than 17.5% through 2026 propelled by increasing awareness related to new technologies in home healthcare and increased patient preferences for value-based healthcare. 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 will impel the country growth

Global Mechanical Ventilators Market

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U.S. dominated the North America mechanical ventilators market in 2018 and is expected to expand at a CAGR of more than 19.5% during 2019 to 2026. Rapidly growing COVID-19 cases will generate a need for intensive care admissions, thereby boosting the demand for mechanical ventilators in the future. 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. Growing older inhabitants and increasing prevalence of respiratory disorders will further influence the country growth in the coming years.

Italy market is projected to show exponential growth during the forecast years led by 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 market players will contribute to the industry progression

A few notable companies operating in the market 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 industry 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:

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

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

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

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

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

  • Adult Ventilators
  • Neonatal Ventilators

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

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

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

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

Market, 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.

Premium Report Details

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

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