The Global Mechanical Ventilator Market size is expected to reach $11.7 billion by 2027, rising at a market growth of 12.7% CAGR during the forecast period.
Mechanical ventilator is the device used to support breathing of patients who is critically ill and unable to breathe by self. A hollow tube, which acts as artificial airway, is inserted into the patient's mouth and down into their trachea to connect patient to the ventilator. In addition, mechanical ventilators are used to assess static compliance of airway resistance and respiratory system abnormalities as a diagnostic tool. The mechanical ventilators market is a life-saving device in medical emergency and surgeries. These devices are majorly used for patients with spinal cord injury, stroke, respiratory disorders, or other disorders.
The growth of the global mechanical ventilator market is majorly driven by increase in prevalence of chronic respiratory diseases such as lung cancer, chronic obstructive pulmonary disease (COPD), asthma, bronchitis, and other lung disorders as well as rise in number of hospitals & diagnostic centers. As per the Globocan 2020, lung cancer is a second ranked cancer in terms of patient count in Europe with estimated 477,534 newly diagnosed patients.
In addition, increase in aged individuals who are susceptible to respiratory disorders is one of the key drivers of the market. For instance, according to the American Cancer Society’s 2021 Statistics, most of the people over the age of 65 are prone to lung cancer.
Moreover, advancements in mechanical ventilator Market anticipated to contribute toward the growth of the market. For instance, Philips, a global leader in health technology, offers Respironics V680, a critical care ventilator which uses their proprietary auto-trak technology to automatically adapt to your patient’s breathing pattern and deliver a high level of synchrony during noninvasive therapy.
Furthermore, COVID-19 pandemic has boosted the growth of market. The COVID-19 infection is associated with respiratory failure, and requires critical care with ventilator support. Mechanical ventilation has regularly been employed to oxygenate seriously ill COVID-19 patients. In addition, new delta and omicron variants of COVID-19 with high spreading rate found in mid-November 2021 have increased the risk of third wave across the world. Moreover, key manufacturing companies in mechanical ventilators market and government have taken initiatives to boost the production of market to fulfil the high requirement of ventilators during the pandemic.
Thus, presence of various manufacturers and initiatives taken by government to increase the production of market propelled the growth of the market. However, high cost associated with mechanical ventilators and risk of ventilator associated diseases such as nosocomial pneumonias restrict the market growth during the forecast period.
The burden of respiratory diseases is rising globally, owing to numerous factors such as smoking, obesity, and lifestyle changes. According to the Regents of the University of California, in the United States, approximately 4 million ICU admissions are registered each year. In Germany, around 2.1 million patients are admitted in ICU each year, out of which an estimated 42.0% patients require mechanical ventilation. The increasing demand for critical care equipment, due to increasing number of ICU admissions in emerging and developed countries are some of the major factors anticipated to drive the growth of the market. Additionally, the impact of COVID-19, the number of ICU admissions had an additional impact and the need of critical care equipment.
Potential optimization of ventilation bundles begins by re-investigating the critical constituents of respiratory mechanics. Automation of ventilation settings could result in a solution. Closed-loop systems have been categorized into clear, physiological signal-based, and explicit computerized protocols or ECP. ECP systems utilize numerous inputs to curb one or numerous ventilator outputs.
Certain examples of automation of mechanical ventilation include Adaptive Support Ventilation (ASV; which titrates ventilator output on a breath-to-breath basis offering a preset level of minute ventilation while reducing work of breathing), Intelligent ASV (an expansion of ASV, inclusive of an automatized choice of FiO2 and PEEP), and SmartCarePS (regulation of pressure support level based on the patient’s respiratory features). Additional examples accessible on the market (although not completely automatized) are proportional assisted ventilation plus (PAV+) and NAVA. The modes of ventilation include non-invasive ventilation and invasive ventilation.
Purchasing a fleet of ventilators for hospital is a major decision. The cost of acquiring new equipment is part of that decision-making process. There are many ventilator options available to care for a variety of patient needs. Examples include: Home care ventilators, Transport ventilators, Low, medium, and high-acuity ventilators, High-frequency ventilators, Noninvasive positive pressure ventilation/continuous positive airway pressure (NPPV/CPAP), bi-level positive airway pressure (BIPAP) systems. Different ventilators also have different gas delivery designs, including turbine-based air supply and proportional solenoid (PSOL) valve control, or a combination of the two systems. Costs for these ventilators can range from $5,000 to $50,000. Premium or high-acuity ventilators - most commonly found in hospital ICUs - typically have a PSOL gas delivery design and can currently cost between $25,000 and $50,000.
Based on Product Type, the market is segmented into Intensive Care Unit/Critical Care, Transport/Portable/Ambulatory, and Neonatal Care. Transport/Portable/Ambulatory segment acquired the significant revenue share during 2020. However, the transport/portable ventilators segment is expected to witness considerable growth during the forecast period, owing to increase in adoption of home care settings for old age peoples. The evolution of patient-friendly, cost-effective, and portable devices further encourages their usage. The application of transport and portable ventilators ranges from home care to ambulatory centers. Growth in the market for point-of-care treatment and an increase in the cases of medical emergencies are vital factors behind the segment growth. Hospitals are encouraging the usage of portable ventilators to provide convenient and faster care to patients from an ambulance to the hospital bed. Portable ventilators prompt the patients to adopt home care, hence increasing its popularity.
Based on Age Group, the market is segmented into Adult, Geriatric, and Pediatric & Neonatal. The adult segment held the largest revenue share in 2020, and is expected to maintain its lead during the forecast period, owing to COVID-19 infection mainly affects elderly people.
Based on Component, the market is segmented into Devices and Services. In 2020, the services segment garnered the substantial revenue share due to increase in sales of market.
Based on Mode, the market is segmented into Invasive Ventilation and Non-invasive Ventilation. The non-invasive ventilation mode generated significant revenue share. The segment is also likely to witness the fastest growth during the forecast period. The usage of non-invasive mechanical ventilation in a wide range of applications and its ability to offer precise and higher concentrations of oxygen are key factors contributing to the segment growth. The non-invasive ventilation can be delivered using advanced intensive care ventilators that can offer various respiratory support modes. The non-invasive ventilation segment is expected to witness considerable growth during the forecast period, due to cost-effectiveness, and can be easily available outside the ICU.
Based on End User, the market is segmented into Hospital & Clinic, Ambulatory Surgical Center, Home Care, and Others. The home care segment generated the promising revenue share. An increasing number of government initiatives aimed at curbing healthcare expenditures by promoting home healthcare support the market growth. Value-based healthcare is another major factor contributing to market growth. In the U.S., Medicare reimbursements are highly favorable in providing value-based healthcare for improved patient outcomes at a low cost. Thus, in-home care has become a modality of choice for treatment and is expected to witness lucrative growth over the forecast period.
Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. North America garnered the major share in the mechanical ventilator market in 2020, and is expected to continue to dominate during the forecast period, owing to rise in the prevalence of chronic diseases, presence of key players for manufacturing & development of market size, increase in number of hospitals & diagnostic centers and initiatives taken by government to increase market production in the region.
The major strategies followed by the market participants are Partnerships. Based on the Analysis presented in the Cardinal matrix; Medtronic PLC and General Electric (GE) Co. (GE Healthcare) are the forerunners in the Mechanical Ventilator Market. Companies such as Koninklijke Philips N.V., Drägerwerk AG & Co. KGaA, Asahi Kasei (ZOLL Medical Corporation) are some of the key innovators in the Market.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include General Electric (GE) Co. (GE Healthcare), 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.
By Product Type
By Age Group
By Component
By Mode
By End User
Mechanical ventilator is the device used to support breathing of patients who is critically ill and unable to breathe by self. A hollow tube, which acts as artificial airway, is inserted into the patient's mouth and down into their trachea to connect patient to the ventilator. In addition, mechanical ventilators are used to assess static compliance of airway resistance and respiratory system abnormalities as a diagnostic tool. The mechanical ventilators market is a life-saving device in medical emergency and surgeries. These devices are majorly used for patients with spinal cord injury, stroke, respiratory disorders, or other disorders.
The growth of the global mechanical ventilator market is majorly driven by increase in prevalence of chronic respiratory diseases such as lung cancer, chronic obstructive pulmonary disease (COPD), asthma, bronchitis, and other lung disorders as well as rise in number of hospitals & diagnostic centers. As per the Globocan 2020, lung cancer is a second ranked cancer in terms of patient count in Europe with estimated 477,534 newly diagnosed patients.
In addition, increase in aged individuals who are susceptible to respiratory disorders is one of the key drivers of the market. For instance, according to the American Cancer Society’s 2021 Statistics, most of the people over the age of 65 are prone to lung cancer.
Moreover, advancements in mechanical ventilator Market anticipated to contribute toward the growth of the market. For instance, Philips, a global leader in health technology, offers Respironics V680, a critical care ventilator which uses their proprietary auto-trak technology to automatically adapt to your patient’s breathing pattern and deliver a high level of synchrony during noninvasive therapy.
COVID-19 Impact Analysis
Furthermore, COVID-19 pandemic has boosted the growth of market. The COVID-19 infection is associated with respiratory failure, and requires critical care with ventilator support. Mechanical ventilation has regularly been employed to oxygenate seriously ill COVID-19 patients. In addition, new delta and omicron variants of COVID-19 with high spreading rate found in mid-November 2021 have increased the risk of third wave across the world. Moreover, key manufacturing companies in mechanical ventilators market and government have taken initiatives to boost the production of market to fulfil the high requirement of ventilators during the pandemic.
Thus, presence of various manufacturers and initiatives taken by government to increase the production of market propelled the growth of the market. However, high cost associated with mechanical ventilators and risk of ventilator associated diseases such as nosocomial pneumonias restrict the market growth during the forecast period.
Market Growth Factors:
Increasing number of ICU Admissions is augmenting he demand for critical care
The burden of respiratory diseases is rising globally, owing to numerous factors such as smoking, obesity, and lifestyle changes. According to the Regents of the University of California, in the United States, approximately 4 million ICU admissions are registered each year. In Germany, around 2.1 million patients are admitted in ICU each year, out of which an estimated 42.0% patients require mechanical ventilation. The increasing demand for critical care equipment, due to increasing number of ICU admissions in emerging and developed countries are some of the major factors anticipated to drive the growth of the market. Additionally, the impact of COVID-19, the number of ICU admissions had an additional impact and the need of critical care equipment.
Soaring Innovations In Intensive Care Unit (ICU) Ventilation
Potential optimization of ventilation bundles begins by re-investigating the critical constituents of respiratory mechanics. Automation of ventilation settings could result in a solution. Closed-loop systems have been categorized into clear, physiological signal-based, and explicit computerized protocols or ECP. ECP systems utilize numerous inputs to curb one or numerous ventilator outputs.
Certain examples of automation of mechanical ventilation include Adaptive Support Ventilation (ASV; which titrates ventilator output on a breath-to-breath basis offering a preset level of minute ventilation while reducing work of breathing), Intelligent ASV (an expansion of ASV, inclusive of an automatized choice of FiO2 and PEEP), and SmartCarePS (regulation of pressure support level based on the patient’s respiratory features). Additional examples accessible on the market (although not completely automatized) are proportional assisted ventilation plus (PAV+) and NAVA. The modes of ventilation include non-invasive ventilation and invasive ventilation.
Marketing Restraining Factor:
High Capital Requirement
Purchasing a fleet of ventilators for hospital is a major decision. The cost of acquiring new equipment is part of that decision-making process. There are many ventilator options available to care for a variety of patient needs. Examples include: Home care ventilators, Transport ventilators, Low, medium, and high-acuity ventilators, High-frequency ventilators, Noninvasive positive pressure ventilation/continuous positive airway pressure (NPPV/CPAP), bi-level positive airway pressure (BIPAP) systems. Different ventilators also have different gas delivery designs, including turbine-based air supply and proportional solenoid (PSOL) valve control, or a combination of the two systems. Costs for these ventilators can range from $5,000 to $50,000. Premium or high-acuity ventilators - most commonly found in hospital ICUs - typically have a PSOL gas delivery design and can currently cost between $25,000 and $50,000.
Product Type Outlook
Based on Product Type, the market is segmented into Intensive Care Unit/Critical Care, Transport/Portable/Ambulatory, and Neonatal Care. Transport/Portable/Ambulatory segment acquired the significant revenue share during 2020. However, the transport/portable ventilators segment is expected to witness considerable growth during the forecast period, owing to increase in adoption of home care settings for old age peoples. The evolution of patient-friendly, cost-effective, and portable devices further encourages their usage. The application of transport and portable ventilators ranges from home care to ambulatory centers. Growth in the market for point-of-care treatment and an increase in the cases of medical emergencies are vital factors behind the segment growth. Hospitals are encouraging the usage of portable ventilators to provide convenient and faster care to patients from an ambulance to the hospital bed. Portable ventilators prompt the patients to adopt home care, hence increasing its popularity.
Age Group Outlook
Based on Age Group, the market is segmented into Adult, Geriatric, and Pediatric & Neonatal. The adult segment held the largest revenue share in 2020, and is expected to maintain its lead during the forecast period, owing to COVID-19 infection mainly affects elderly people.
Component Outlook
Based on Component, the market is segmented into Devices and Services. In 2020, the services segment garnered the substantial revenue share due to increase in sales of market.
Mode Outlook
Based on Mode, the market is segmented into Invasive Ventilation and Non-invasive Ventilation. The non-invasive ventilation mode generated significant revenue share. The segment is also likely to witness the fastest growth during the forecast period. The usage of non-invasive mechanical ventilation in a wide range of applications and its ability to offer precise and higher concentrations of oxygen are key factors contributing to the segment growth. The non-invasive ventilation can be delivered using advanced intensive care ventilators that can offer various respiratory support modes. The non-invasive ventilation segment is expected to witness considerable growth during the forecast period, due to cost-effectiveness, and can be easily available outside the ICU.
End User Outlook
Based on End User, the market is segmented into Hospital & Clinic, Ambulatory Surgical Center, Home Care, and Others. The home care segment generated the promising revenue share. An increasing number of government initiatives aimed at curbing healthcare expenditures by promoting home healthcare support the market growth. Value-based healthcare is another major factor contributing to market growth. In the U.S., Medicare reimbursements are highly favorable in providing value-based healthcare for improved patient outcomes at a low cost. Thus, in-home care has become a modality of choice for treatment and is expected to witness lucrative growth over the forecast period.
Regional Outlook
Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. North America garnered the major share in the mechanical ventilator market in 2020, and is expected to continue to dominate during the forecast period, owing to rise in the prevalence of chronic diseases, presence of key players for manufacturing & development of market size, increase in number of hospitals & diagnostic centers and initiatives taken by government to increase market production in the region.
Cardinal Matrix - Mechanical Ventilator Market Competition Analysis
The major strategies followed by the market participants are Partnerships. Based on the Analysis presented in the Cardinal matrix; Medtronic PLC and General Electric (GE) Co. (GE Healthcare) are the forerunners in the Mechanical Ventilator Market. Companies such as Koninklijke Philips N.V., Drägerwerk AG & Co. KGaA, Asahi Kasei (ZOLL Medical Corporation) are some of the key innovators in the Market.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include General Electric (GE) Co. (GE Healthcare), 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.
Recent Strategy Deployed in Mechanical Ventilator Market
Partnerships, Collaborations and Agreements:
- Jan-2021: Dräger Distribution extended its agreement with Breas Medical. Through this agreement, the companies aimed to supply LTACs and SNFspproch with comprehensive ventilation solutions, cost-effective, designed to improve patient health.
- Jun-2020: Medtronic formed a partnership with Foxconn, a multinational electronics contract manufacturer. The companies aimed to enlarge ventilator supply for more patients and hospitals than any other company can do individually.
- Nov-2020: Cogmedix teamed up with ZOLL Medical Corporation, a medical devices manufacturer. The companies aimed to boost the production of ventilators during the COVID-19 pandemic.
- May-2020: Vyaire Medical collaborated with Spirit AeroSystems, the world's largest manufacturers of aerostructures. Together, the companies aimed to construct critical care ventilators at a transformed space in Wichita, Kan. Moreover, this partnership is expected to permit Vyaire to ramp up rapidly in the production of critical care ventilators.
- Apr-2020: Vyaire Medical came into a contract of $407 million with Health and Human Services. The companies aimed to construct 22,000 ventilators in the coronavirus pandemic. The entities aimed to increase the production and ramp up the delivery of essential medical equipment required.
- Apr-2020: Vyaire Medical received a contract of USD $50 million with the Brazilian Ministry of Health. The companies aimed to construct 4,300 iX5 ventilators during the pandemic. The entities aimed to ramp up manufacturing capacity across the globe to ensure a sufficient supply of ventilators and associated consumables at this crucial time.
- Apr-2020: GE Healthcare teamed up with Microsoft, an American multinational technology corporation. Together, the companies aimed to launch a new software solution, Mural Virtual Care Solution. This software is expected to give a wide view of the crowd around their ventilated patient and the risk of deterioration.
- Apr-2020: Philips formed a partnership with Flex as well as Jabil. The partnership aimed to fast-track the production of ventilators and boost overall supply.
- Apr-2020: Royal Philips collaborated with the U.S. Government. The entities aimed to enlarge the production of hospital ventilators, manufacturing in the U.S to save lives all around.
- Mar-2020-Mar Dragerwerk formed a partnership with Babock, international aerospace, defense, and Security Company. This partnership aimed to help in the development of ventilators for the ITV News and NHS.
- Mar-2020: GE Healthcare joined hands with Ford Motor Company, an American multinational automobile manufacturer. The companies focused on growing up the production of ventilators and medical equipment to cure COVID-19 respiratory illness patients.
Product Launches and Product Expansions:
- Oct-2021: Drager introduced the new Savina 300 NIV. This product aimed for consistent and secure non-invasive mechanical ventilation in both acute and chronic care facilities.
- Jul-2021: Mindray launched its new turbine-based ventilator, the SV300 Pro. The product is easy to configure, simple to operate, and flexible in use. Moreover, it provides a comfortable and overall cure for all types of patients with different ventilation modes.
- Jun-2020: Royal Philips introduced its mobile Intensive Care Units for India. The product is expected to support the critical-care requirements of patients. Moreover, each pre-fabricated ICU has a space of nine beds which will be produced by Philips in India.
Acquisitions and Mergers:
- Apr-2021: Dragerwerk took over the majority of the share from STIMIT, a MedTech company that reinvents intensive care by empowering patients to breathe. This technology aimed to increase the company's expertise in the field of lung-protective ventilation.
Geographical Expansions:
- Jan-2022: Getinge expanded its geographical footprints in Wayne, New Jersey by establishing a new Experience Center. The company aimed to utilize healthcare leaders with immense experience and their technologies. In addition to displaying how solutions enlarge efficiencies and amplify the patient experience.
- May-2020: Hamilton Medical expanded its global reach in critical care ventilators near the U.S. offices in Reno, Nevada. Through this expansion, the company aimed to supply new production facilities and more life-saving machines to the U.S.
Scope of the Study
Market Segments Covered in the Report:
By Product Type
- Intensive Care Unit/Critical Care
- Transport/Portable/Ambulatory
- Neonatal Care
By Age Group
- Adult
- Geriatric
- Pediatric & Neonatal
By Component
- Devices
- Services
By Mode
- Invasive Ventilation
- Non-invasive Ventilation
By End User
- Hospital & Clinic
- Ambulatory Surgical Center
- Home Care
- Others
By Geography
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- General Electric (GE) Co. (GE Healthcare)
- 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 from the Publisher
- 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 Overview
Chapter 3. Competition Analysis - Global
Chapter 4. Global Mechanical Ventilator Market by Product Type
Chapter 5. Global Mechanical Ventilator Market by Age Group
Chapter 6. Global Mechanical Ventilator Market by Component
Chapter 7. Global Mechanical Ventilator Market by Mode
Chapter 8. Global Mechanical Ventilator Market by End User
Chapter 9. Global Mechanical Ventilator Market by Region
Chapter 10. Company Profiles
Companies Mentioned
- General Electric (GE) Co. (GE Healthcare)
- 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
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