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Mechanical Ventilators Market worth over $2.4bn by 2027

  • Published Date: January 4, 2022

Mechanical Ventilators Market size is set to surpass USD 2.4 billion by 2027, according to a new research report by Global Market Insights Inc.
 

Growing innovation in the development of mechanical ventilators is among the key factors fueling the penetration of these products across various domains. The use of ventilators for accurate and efficient chronic respiratory disease treatment has surged due to the advent of novel techniques that play a vital role in healthcare facilities.
 

Growing expenditure on medical research will accelerate the research and development activities related to mechanical ventilators. The surge in demand for mechanical ventilators has facilitated the development of multiple features and materials, offering a wide range of selection to healthcare providers. Extensive investment by the various public as well as private organizations for innovating technologically superior ventilators would further amplify the market growth.
 

Technological advancements related to mechanical ventilators to propel the market expansion

The increasing success rate of chronic respiratory diseases treatment credited to growing advancements in technology has surged the mechanical ventilators market progression. The market players are emphasizing to introduce modest, safe, and smart design that delivers more natural ventilation, thereby enhancing patient comfort.
 

The advent of innovative mechanical ventilators offers a unique assurance feature in the event of certain system failures. Smart tools are assisting healthcare providers set the ventilator to adjust to their patient’s individual requirements and deliver an accurate level of support throughout the breath. Automated control of the patient’s ventilation & oxygenation, real-time patient synchronization, and high flow oxygen therapy provide optimum outcomes in patients.
 

Growing spending on the introduction of novel portable ventilators across the globe will spur the mechanical ventilators market value

The portable ventilators segment valued at around USD 1.54 billion in 2020. The portable mechanical ventilators include the fully featured ICU ventilator with the ruggedness & compactness essential for transport. It provides optimum ventilation therapy to all patient groups during transport. Innovative portable ventilators integrated with high flow oxygen therapy, advanced ventilation modes, and digital solutions deliver optimum outcomes.
 

The combined high-performance turbine allows the portable ventilators to be free from compressed air, decreasing weight and saving space. These ventilators are highly suitable to deliver long-term support for patients that do not need complex critical care ventilators. They are able to operate in demanding environments with minimal maintenance. The portable ventilator is affordable, reliable, and offers great convenience & high performance.
 

Increasing investment by the market participants to develop safe and effective mechanical ventilators to attract a large customer pool

The invasive ventilation segment dominated more than 78% of the mechanical ventilators market share in 2020 led by the several advantages provided by invasive ventilation in breathing related issues management. Severe COVID-19 causes respiratory failure that may need invasive ventilation to improve oxygenation. This type of ventilation through tracheostomy is commonly used in infants & children with congenital heart disease or parenchymal lung. It is considered as the standard treatment for the patient with chest wall disorders or neuromuscular disorders that are suffering from acute respiratory failure.
 

Browse key industry insights spread across 450 pages with 898 market data tables & 22 figures & charts from the report, “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, Anesthesiology, Clinical Applications), By Mode (Combined Mode Ventilator, Control Mode Ventilator, Pressure Mode Ventilator), By End-use (Hospitals, Ambulatory Surgical Centers, Homecare), COVID-19 Impact Analysis, Regional Outlook, Application Development Potential, Competitive Market Share & Forecast, 2021 – 2027” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/mechanical-ventilator-market

 

Rising awareness about the availability of advanced treatment options for respiratory diseases will enhance the mechanical ventilators market demand

The neonatal ventilators segment captured USD 922 million in 2020 impelled by the surge in the number of premature births with respiratory complications, technological advancements in neonatal ventilators, rise in the infant mortality rate, etc. As per the World Health Organization report 2018, an estimated 15 million babies are born preterm every year worldwide. This is offering new opportunities for the business players, thereby spurring the business revenue. The demand for these types of ventilators has increased during coronavirus outbreaks attributed to the increase in the use of neonatal ventilators to COVID-19 infected neonates across the globe.
 

Growing adoption of ventilators in resuscitation to foster the market revenue

The resuscitation segment in the mechanical ventilators market crossed USD .66 billion in 2020 driven by several factors comprising the mechanical ventilation is a significant aspect of resuscitation because it can directly influence survival through positive or negative interactions with chest compression. The increasing cases of cardiopulmonary resuscitation are augmenting the acceptance of mechanical ventilators worldwide. After a cardiac arrest, a combination of ventilation techniques is used during cardiopulmonary resuscitation (CPR), thereby offering significant business growth opportunities. Further, several companies are emphasizing on the development of a self-inflating resuscitator that is introduced for manual mechanical ventilation.
 

Several advantages offered by pressure mode ventilator will drive the preference for these devices

The pressure mode segment in the mechanical ventilators market is anticipated to reach USD 1.18 billion by 2027. The pressure mode ventilator is the standard approach to ventilation in the early days of neonatal care. The advantages of pressure mode ventilator are increased duration of alveolar recruitment, augmented mean airway pressure, etc.
 

In this mode, all breaths are impulsive and united with adequate pressure support to safeguard that each breath produces a reasonable tidal volume. Pressure control mode is highly preferred in children owing to barotrauma concerns, thereby increasing the segment revenue. Further, the use of in-built software assists healthcare providers to enhance the pressure mode ventilator setting as well as to precisely monitor patient adherence to the treatment.
 

Factors such as convenience and cost-effectiveness pertaining to homecare to fuel the market growth

The mechanical ventilators market for homecare segment exceeded USD 546 million in 2020 due to the rapidly surging elderly population, the subsequent upsurge in the prevalence of associated disorders, the growing demand for convenient disease treatment, etc. Invasive and noninvasive ventilation is widely used for the management of many forms of chronic respiratory failure in the home care setting. In recent years, the advent of novel technologies has enhanced the quality of the ventilators for long-term home mechanical ventilation.
 

Increasing demand for advanced mechanical ventilators in Germany will stimulate the market expansion

Global Mechanical Ventilators Market Size By Region

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Germany mechanical ventilators market size was over USD 460 million in 2020 on account of the rising COVID-19 cases, growing elderly population, surging prevalence of respiratory disorders, etc. As per the recently published article, since the beginning of the coronavirus outbreak around 1 in 13 residents have been infected in Germany.
 

These increasing cases generate a requirement for intensive care hospital admissions, thereby accelerating the demand for mechanical ventilators positively. Additionally, the demand for ventilators in Germany is expected to increase owing to the developing healthcare infrastructure along with the adoption of various strategies by market players including new product launches, collaborations, and acquisitions.
 

Companies are focusing on strategies and launch of innovative products to expand customer base

Some of the major participants operating in the mechanical ventilators market are 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., and ResMed. These leaders are involved in partnerships, agreements, and acquisitions to gain an edge over their competitors.
 

Authors: Sumant Ugalmugle, Rupali Swain