Global Mechanical Ventilators Market By Product Type (Critical Care, Transport & Portable, Neonatal, and Other Product Type), By Ventilation Mode (Invasive, and Non-invasive), By End-Use (Hospitals, Home Healthcare, and Other End-Uses), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032

Mechanical Ventilators Market Overview:

The global market for mechanical ventilators was valued at USD 5,970 Million in 2021. It is estimated to grow at a compound annual Growth rate of 4.7% between 2023 and 2032.

In 2021, the demand for mechanical ventilation products grew by leaps as well as bounds due to COVID-19’s unprecedented introduction. The manufacturers and government took intuitive steps to reduce the initial unpreparedness of the pandemic. This resulted in a rapid inflow of mechanical ventilators.

Global Mechanical Ventilators Market Scope:

Product type analysis

Due to high hospital adoption and installation rates, critical care ventilators dominated this market. They held a greater share than 36.2% of the total market in 2021. Majorly, critical care ventilators are used in hospital intensive care units. With increased hospitals and other healthcare facilities, revenue growth should be positive.

Hospital admissions will rise due to the increasing prevalence of target indications. Patients with respiratory problems may need frequent ventilation. Because of their versatility in different care delivery settings, portable mechanical ventilators and transport will see the most growth over the forecast period.

Portable ventilators and transport are used in a variety of settings, including ambulatory centers and home care. The segment’s growth is due to a rise in point-of-care treatments and an increase in medical emergencies. Their use is encouraged by the development of portable, patient-friendly, affordable, and portable devices.

Hospitals encourage the use of portable ventilators to provide faster and more convenient patient care, from the ambulance to the hospital bed. Patients are more inclined to use portable ventilators for home care.

Ventilation Mode analysis

Non-invasive ventilation was the most popular segment, accounting for more than 54.6% of all market shares in 2021. This segment will also see the fastest growth over the forecast period. This segment’s growth is attributed to non-invasive mechanical ventilation, which can be used in many applications, and the ability to provide precise and higher oxygen concentrations. Advanced intensive care ventilators can provide non-invasive ventilation. They can also offer a variety of respiratory support modes.

The overall market growth is further supported by the large R&D investments made in the healthcare sector as well as an increase in per capita income. The main reason for the market growth in CPAP devices is the steady rise in patients with respiratory diseases.

The CPAP accounted for over 33.9% of total revenue in the non-invasive ventilation category. These devices can be used in hospitals and emergency rooms to provide oxygen for patients with respiratory problems. CPAP devices are also used to provide oxygen for patients undergoing heart surgery.

End-Use Analysis

With a revenue share exceeding 44.9%, the hospital segment was dominant in 2021. This is due to hospital spending increasing, which allows for the acceptance of technologically advanced ventilators.

The segment’s growth is also due to the increasing availability of qualified health care providers who can operate these ventilators, as well as the emphasis on improved health outcomes and the higher productivity of hospitals. Patients will be more inclined to choose these facilities due to the constant monitoring provided by hospital staff.

Home healthcare is expected to experience the fastest growth over the forecast period. Market growth is supported by increasing government initiatives that aim to reduce healthcare spending and promote home healthcare. Market growth is also supported by value-based healthcare.

The U.S. Medicare reimbursements are very favorable as they provide value-based healthcare that improves patient outcomes and is affordable. Home care is becoming a popular choice for treatment, and it is expected to grow.

Кеу Маrkеt Ѕеgmеntѕ

By Product Type

• Critical Care
• Transport & Portable
• Neonatal
• Other Product Type

By Ventilation Mode

• Invasive
• Non-invasive
• CPAP
• BiPAP
• Other Ventilation Modes

By End-Use

• Home Healthcare
• Hospitals
• Other End-Uses

Market Dynamics:

The growth of coronavirus has stabilized due to the Covid-19 vaccine’s development in 2021 and the availability of effective treatment options for mild to moderate symptoms. Due to increased awareness and strict physical distancing measures, the coronavirus infection rate is expected to decrease. Different governments have taken strict measures to limit the spread of the pandemic. These include social distancing.

The U.S. FDA temporarily lifted its inspection and enforcement requirements. This would allow cross-industry companies to produce vital components for ventilators. The government’s timely and supportive regulatory policies are expected to create a growth platform in this market for the upcoming financial year. This will impact the growth rate over the next few years.

The market has benefited from the COVID-19 pandemic, which had a positive effect on market growth. The COVID-19 pandemic caused a rapid increase in the need for ventilation facilities.

The American Association of Respiratory Care partnered with other organizations to train respiratory therapists on how to operate ventilators during COVID-19. This helped to improve day-to-day operational capabilities. The market players have been encouraged to increase production to meet the increased demand.

During the pandemic, many manufacturers received a flood of orders. Philips announced in 2020 that it had increased the production of critical care products to help patients with COVID-19. Philips also increased the production of portable ventilators, monitors of vital signs, and consumables for non-invasive ventilation. This is to treat a variety of breathing conditions.

Regional Analysis

North America was the dominant market, with a 56.8% revenue share in 2021. The key drivers of the market are the rising number of COVID-19-ill patients in the U.S. and the presence of major manufacturers that have implemented production boosts. To help with shortages of medical supplies, U.S. auto giants such as Ford, Tesla, and GM switched their manufacturing lines for masks, mechanical ventilators, and other medical equipment. This led to a significant increase in regional sales.

The Asia Pacific market is expected to experience significant growth due to rising COVID 19 cases, chronic respiratory diseases, increasing healthcare spending, various collaborations, product launches, and strategic deals that local players made during the pandemic. Swasth Vayu, a non-invasive pressure ventilator for the airways, was developed by CSIR-NAL in 2021.

Spicejet also introduced Spiceoxy in 2020. This is a portable and non-invasive ventilation system. These cost-effective products are expected to increase their popularity in the future. Market growth is further supported by the increasing prevalence of respiratory diseases and lifestyle choices such as smoking and genetic allergy. The region’s growth is also due to improved healthcare policies and infrastructure.

Key Regions and Countries covered іn thе rероrt:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• MEA
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Market Share & Key Players Analysis:

Manufacturers are stepping up their production to meet the global demand for COVID-19 vaccines. Dragerwerk AG & Co. in Germany received an order for approximately 10,000 ventilators from the UK government, which is more than its annual production capacity.

As many manufacturers increase their production capacity to meet demand, the market is heading towards saturation. There will also be plenty of ventilators available post-covid-19. The demand for ventilators and other critical care units will grow as chronic diseases become more common.

In addition, technological advances will increase demand for ventilators with advanced features and low cost.

Market growth is expected to be boosted by introducing new products that use advanced technology during the forecast period. For example, Philips’ Ventilator BiPAP EFL A40 EFL allows health care professionals to automatically detect and screen expiratory flow limitations to provide optimal homecare treatment. It was launched in 2020. The following are some of the major players in the global market for mechanical ventilators:

Маrkеt Кеу Рlауеrѕ:

• Getinge AB
• Medtronic
• Vyaire Medical Inc.
• Dragerwerk AG & Co. KGaA
• Koninklijke Philips N.V.
• Hamilton Medical
• GE Healthcare
• Smith’s Medical
• ZOLL Medical Corporation
• Shenzhen Mindray Bio-Medical Electronics Co. Ltd.
• Other Key Players

For the Mechanical Ventilators Market research study, the following years have been considered to estimate the market size: