The North America Mechanical Ventilators Market would witness market growth of 11.9% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 181.3 thousand units, showcasing a growth of 26.5% (2019-2022).
The primary function of a mechanical ventilator is to assist individuals in breathing. This is crucial for patients with respiratory failure, as it ensures that the body receives an adequate oxygen supply and removes carbon dioxide effectively. Ventilators can provide controlled and regulated ventilation, enabling healthcare professionals to set parameters such as tidal volume, respiratory rate, and positive end-expiratory pressure (PEEP). They also serve as an essential tool for delivering supplemental oxygen to patients who may not require full ventilatory support. This function is crucial for managing hypoxemia, a condition characterized by low blood oxygen levels.
Integrating telemedicine and remote monitoring capabilities into mechanical ventilators has gained momentum. This allows healthcare providers to remotely assess patients, adjust ventilator settings, and provide real-time care, improving access to healthcare services. Innovative ventilation techniques, such as non-invasive ventilation (NIV) and high-flow nasal cannula (HFNC), are gaining popularity. Hybrid ventilation systems combine invasive and non-invasive modes to offer flexibility in patient care. Patient interfaces, such as masks and breathing circuits, have undergone significant improvements to enhance comfort and reduce complications. Innovations in mask design and materials have made non-invasive ventilation more effective and user-friendly.
According to the National Library of Medicine, the estimated number of new lung cancer cases in the US in 2018 was 121,680 for men and 112,350 for women, 234,030, or 641 cases per day. Lung carcinoma is the third most prevalent cancer by gender, following prostate cancer for men and breast cancer for women. As per the Canadian Institute of Health Information, the number of Canadians 65 and older is projected to increase by 68% in the next 20 years. Its size has increased by more than threefold in the last 40 years. The population in Canada is projected to increase by 2.1 times by 2037 from its size in 2017. Due to the above-mentioned factors, the market will grow significantly in this region.
The US market dominated the North America Mechanical Ventilator Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $4,261.1 million by 2030. The Canada market is experiencing a CAGR of 14.4% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 13.4% during (2023 - 2030).
Based on Mode, the market is segmented into Invasive Ventilation, and Non-invasive Ventilation. Based on Component, the market is segmented into Devices, and Services. Based on Product Type, the market is segmented into Intensive Care Unit/Critical Care, Transport/Portable/Ambulatory, and Neonatal Care. Based on Age Group, the market is segmented into Adult, Geriatric, and Pediatric & Neonatal. Based on End User, the market is segmented into Hospital & Clinic, Ambulatory Surgical Center, Home Care, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include GE HealthCare Technologies, Inc., Koninklijke Philips N.V., Medtronic PLC, Dragerwerk AG & Co. KGaA, Getinge AB, Asahi Kasei Corporation (Zoll Medical Corporation), Hamilton Medical AG (Hamilton Bonaduz AG), Carl Reiner GmbH, Mindray Medical International Limited and Vyaire Medical, Inc.
The primary function of a mechanical ventilator is to assist individuals in breathing. This is crucial for patients with respiratory failure, as it ensures that the body receives an adequate oxygen supply and removes carbon dioxide effectively. Ventilators can provide controlled and regulated ventilation, enabling healthcare professionals to set parameters such as tidal volume, respiratory rate, and positive end-expiratory pressure (PEEP). They also serve as an essential tool for delivering supplemental oxygen to patients who may not require full ventilatory support. This function is crucial for managing hypoxemia, a condition characterized by low blood oxygen levels.
Integrating telemedicine and remote monitoring capabilities into mechanical ventilators has gained momentum. This allows healthcare providers to remotely assess patients, adjust ventilator settings, and provide real-time care, improving access to healthcare services. Innovative ventilation techniques, such as non-invasive ventilation (NIV) and high-flow nasal cannula (HFNC), are gaining popularity. Hybrid ventilation systems combine invasive and non-invasive modes to offer flexibility in patient care. Patient interfaces, such as masks and breathing circuits, have undergone significant improvements to enhance comfort and reduce complications. Innovations in mask design and materials have made non-invasive ventilation more effective and user-friendly.
According to the National Library of Medicine, the estimated number of new lung cancer cases in the US in 2018 was 121,680 for men and 112,350 for women, 234,030, or 641 cases per day. Lung carcinoma is the third most prevalent cancer by gender, following prostate cancer for men and breast cancer for women. As per the Canadian Institute of Health Information, the number of Canadians 65 and older is projected to increase by 68% in the next 20 years. Its size has increased by more than threefold in the last 40 years. The population in Canada is projected to increase by 2.1 times by 2037 from its size in 2017. Due to the above-mentioned factors, the market will grow significantly in this region.
The US market dominated the North America Mechanical Ventilator Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $4,261.1 million by 2030. The Canada market is experiencing a CAGR of 14.4% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 13.4% during (2023 - 2030).
Based on Mode, the market is segmented into Invasive Ventilation, and Non-invasive Ventilation. Based on Component, the market is segmented into Devices, and Services. Based on Product Type, the market is segmented into Intensive Care Unit/Critical Care, Transport/Portable/Ambulatory, and Neonatal Care. Based on Age Group, the market is segmented into Adult, Geriatric, and Pediatric & Neonatal. Based on End User, the market is segmented into Hospital & Clinic, Ambulatory Surgical Center, Home Care, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include GE HealthCare Technologies, Inc., Koninklijke Philips N.V., Medtronic PLC, Dragerwerk AG & Co. KGaA, Getinge AB, Asahi Kasei Corporation (Zoll Medical Corporation), Hamilton Medical AG (Hamilton Bonaduz AG), Carl Reiner GmbH, Mindray Medical International Limited and Vyaire Medical, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Mode (Volume, Thousand Unit, USD Billion, 2019-30)- Invasive Ventilation
- Non-invasive Ventilation
- Devices
- Services
- Intensive Care Unit/Critical Care
- Transport/Portable/Ambulatory
- Neonatal Care
- Adult
- Geriatric
- Pediatric & Neonatal
- Hospital & Clinic
- Ambulatory Surgical Center
- Home Care
- Others
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- GE HealthCare Technologies, Inc.
- Koninklijke Philips N.V.
- Medtronic PLC
- Dragerwerk AG & Co. KGaA
- Getinge AB
- Asahi Kasei Corporation (Zoll Medical Corporation)
- Hamilton Medical AG (Hamilton Bonaduz AG)
- Carl Reiner GmbH
- Mindray Medical International Limited
- Vyaire Medical, Inc.
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. North America Mechanical Ventilator Market by Mode
Chapter 6. North America Mechanical Ventilator Market by Component
Chapter 7. North America Mechanical Ventilator Market by Product Type
Chapter 8. North America Mechanical Ventilator Market by Age Group
Chapter 9. North America Mechanical Ventilator Market by End User
Chapter 10. North America Mechanical Ventilator Market by Country
Chapter 11. Company Profiles
Companies Mentioned
- GE HealthCare Technologies, Inc.
- Koninklijke Philips N.V.
- Medtronic PLC
- Dragerwerk AG & Co. KGaA
- Getinge AB
- Asahi Kasei Corporation (Zoll Medical Corporation)
- Hamilton Medical AG (Hamilton Bonaduz AG)
- Carl Reiner GmbH
- Mindray Medical International Limited
- Vyaire Medical, Inc.
Methodology
LOADING...
