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Global Ventilators Market (2023-2028) by Mobility, Type, Interface, Mode and Geography, Competitive Analysis, Impact of Covid-19 and Ansoff Analysis

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  • 150 Pages
  • April 2023
  • Region: Global
  • Infogence Global Research
  • ID: 5820254

As per WHO, around 91% of the world's population resides in areas where air quality exceeds WHO guidelines

The Global Ventilators Market is estimated to be USD 1.2 Bn in 2023 and is expected to reach USD 1.84 Bn by 2028, growing at a CAGR of 8.94%.

Ventilators are medical devices that assist patients in breathing when they cannot do so on their own. They are especially crucial when a patient's respiratory system is weakened, such as when they have a serious respiratory infection or lung damage. Intensive care units (ICUs), emergency rooms, and operating rooms are just a few medical settings that use ventilators. They can help people with pneumonia, chronic obstructive pulmonary disease (COPD), acute respiratory distress syndrome (ARDS), and other respiratory diseases.

One of the key factors propelling the expansion of the ventilators market is the rising demand for Intensive Care Units (ICU) and ICU beds. In the Intensive care unit (ICU), ventilators are life-saving medical devices used to give patients unable to breathe on their artificial respiration. The need for ventilators has increased along with the prevalence of respiratory illnesses such as chronic obstructive pulmonary disease (COPD), asthma, and pneumonia. The pandemic has also significantly increased the growth of the market. The virus predominantly targets the respiratory system, it causes severe breathing problems and necessitates mechanical ventilation, which has considerably boosted the need for ventilators.

However, the risks involved with using mechanical ventilators may limit the industry's growth. Mechanical ventilation can result in barotrauma, leading to lung damage caused by excessive pressure. This may occur if the patient's lung compliance is poor or the ventilator settings are not correctly adjusted. If the patient has pre-existing heart or lung issues, it may impact their blood pressure and cardiac output. Furthermore, Sedation is often necessary for patients on mechanical ventilation in order to assist them in coping with the stress and discomfort of the treatment. And it might have negative side effects and make a recovery take longer.

The harmful effects of mechanical ventilators associated with neonates’ health are challenging the market's growth. These devices provide respiratory care to neonates; however, they can also cause lung injury, which may result in bronchopulmonary dysplasia and bronchial intubation, which are the major causes of mortality during ventilator assistance. Ventilator-associated pneumonia (VAP) is a common complication of mechanical ventilation and can lead to serious infections in neonates.

The development of portable ventilators has played a significant role in the growth of the ventilator market in recent years. Portable ventilators are lightweight, small, and simple to move, making them perfect for usage in hospitals, ambulances, and home healthcare, among other healthcare settings. One of the main advantages of portable ventilators is that they let medical professionals help patients who need mechanical ventilation but can't be treated in a conventional hospital setting. Patients with chronic respiratory disorders such as chronic obstructive pulmonary disease (COPD) or other chronic respiratory illnesses may, for instance, need mechanical ventilation on a long-term basis but may not be able to go to a hospital or other healthcare facility for treatment. With the use of portable ventilators, these patients can get the treatment they require in the comfort of their homes, enhancing their quality of life and easing pressure on hospitals. For Instance, Inovytec signed a contract in January 2021 to provide 1,500 advanced portable ventilators to Italy, Brazil, and Israel. It signed a contract with a distributor in California to deliver portable ventilators.

Market Segmentations

The Global Ventilators Market is segmented based on Mobility, Type, Interface, Mode and Geography.
  • By Mobility, the market is classified into Intensive Care Ventilators and Portable Ventilators.
Intensive Care Ventilators has the highest market share. Due to a number of variables, including the clinical advantages offered by the ventilator in cases of acute respiratory failure, weakened lung functions, or any breathing-related issues, the market for this product is predicted to rise. These mechanical ventilators are frequently used to maintain proper ventilation and offer support in healthcare institutions.
  • By Type, the market is classified into Adult/Pediatric Ventilators and Neonatal/Infant Ventilators.
Adult Ventilators had the largest market share as COVID-19 majorly affected the elderly population. The segment’s growth is rising due to the increasing geriatric population and growing respiratory diseases.
  • By Interface, the market is classified into Invasive Ventilators and Non-Invasive Ventilators
Non-Invasive Ventilators have the highest market share. The use of non-invasive mechanical ventilation in various applications and its capacity to deliver accurate and higher oxygen concentrations are important elements influencing the segment's growth. Advanced intensive care ventilators with a variety of respiratory support modes can provide non-invasive ventilation.
  • By Mode, the market is classified into Combined Mode Ventilators, Volume Mode Ventilators, Pressure Mode Ventilators, and Other Modes of Ventilators.
Combined Mode Ventilators hold for the highest market share. Companies are now focusing on making these ventilators for the various benefits offered by it, such as better oxygenation and pressure control ventilation with the lowest inspiratory pressure for all breathes.
  • By End-User, the market is classified into Hospitals & Clinics, Ambulatory Care Centers, Emergency Medical Services, and Home Care Settings.
Hospitals & Clinics account for the largest share of the end-use segment. Improved hospital productivity in boosting the revenue of this industry, increased availability of skilled healthcare professionals for operating and maintaining these ventilators, and a growing focus on offering high-quality care services to the clients are all contributing factors.
  • By Geography, the market is classified into Americas, Europe, Middle East & Africa, and Asia-Pacific.
North America has the largest market share among all regions. The increasing geriatric population, rising prevalence of smoking, large healthcare expenditure, and well-established healthcare system are the major factors contributing to the growth of the market in the region.

Recent Developments

OES Medical attended the ABHI UK Pavilion at Arab Health 2022 to introduce a new mains-powered ICU ventilator that will help hospitals control their oxygen demand - January 2022.

After receiving the CE Mark, CorVent Medical began selling its RESPOND-19 Ventilator in Europe. To enable hospitals to better treat critically sick patients with acute respiratory distress syndrome, a novel method is created for simple, flexible increase of critical care ventilation capacity (ARDS) - May 2021.

Company Profiles

The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are GE Healthcare, Medtronic, SmithGroup, Inc, Vyaire Medical, Inc. etc.

Countries Studied

  • America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
  • Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
  • Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
  • Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

The report presents a detailed Ansoff matrix analysis for the Global Ventilators Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.

The analyst analyses the Global Vetilators Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.

Based on the SWOT analysis conducted on the industry and industry players, The analyst has devised suitable strategies for market growth.

Why buy this report?

  • The report offers a comprehensive evaluation of the Global Ventilators Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The research report also provides a detailed market size analysis and projections in volume and value terms. The projections are calculated using verified research methodologies.
  • Excel data sheet for the market size will also be provided with the report.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes an in-depth market analysis using Porter’s 5 forces model, PESTLE Analysis, and the Ansoff Matrix. In addition, the impact of COVID-19 on the market is also featured in the report.
  • The report includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report includes Self-Assessment Form, which helps customers evaluate their position in the market compared to their competitors.
  • The report offers customized research - tailored uniquely to our customers with a quick turnaround time. We offer a 15% customization option at no extra charge to all our clients for any of our syndicated reports.

Report Highlights:

  • A complete analysis of the market, including the parent industry
  • Important market dynamics and trends
  • Impact Analysis - a comprehensive assessment to confront risk and make strategic & operational decisions to counter the changes in the market environment.
  • Market segmentation
  • Competitive Analysis: Comparative analysis of competitor
  • Historical, current, and projected size of the market based on value and volume
  • Market size of the US states
  • Market shares and strategies of key players
  • Recommendations to companies for strengthening their foothold in the market

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Frequently Asked Questions about the Global Ventilators Market

What is the estimated value of the Global Ventilators Market?

The Global Ventilators Market was estimated to be valued at $1.2 Billion in 2023.

What is the growth rate of the Global Ventilators Market?

The growth rate of the Global Ventilators Market is 8.9%, with an estimated value of $1.84 Billion by 2028.

What is the forecasted size of the Global Ventilators Market?

The Global Ventilators Market is estimated to be worth $1.84 Billion by 2028.

Who are the key companies in the Global Ventilators Market?

Key companies in the Global Ventilators Market include Acoma Medical Industry Co., Ltd., Becton, Dickinson and Company, Drägerwerk AG & Co. KGaA, Fisher & Paykel Healthcare Ltd., GE Healthcare, Getinge AB, Hamilton Medical Ag, Koninklijke Philips N.V., Leistung Brasil and Medtronic PLC.

Table of Contents

1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Stakeholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Analyst Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size, Segmentations, and Outlook
4 Market Dynamics
4.1 Impact Analysis
4.2 Drivers
4.2.1 Increasing Need for Intensive Care Units (ICU) and ICU Beds
4.2.2 Rising Prevalence of Respiratory Diseases
4.2.3 Growing Geriatric Population and Increasing Incidence of Preterm Births
4.3 Restraints
4.3.1 Limitations Associated with the Mechanical Ventilators
4.3.2 Reluctance Due to Preference for Alternative Oxygenation Therapies
4.4 Opportunities
4.4.1 Rapid Development of Portable Ventilators
4.4.2 Accelerating Demand from the Home Care Settings
4.4.3 Potential Demand from Emerging Economies
4.5 Challenges
4.5.1 Potential Harmful Effects of Certain Devices on Neonates
4.5.2 High Setup Cost Associated
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter's Five Forces Analysis
5.3 PESTLE Analysis
5.4 SWOT Analysis
5.5 Impact of COVID-19
5.6 Impact of Economic Slowdown & Impending Recession
5.7 Ansoff Matrix Analysis
6 Global Ventilators Market, By Mobility
6.1 Introduction
6.2 Intensive Care Ventilators
6.3 High-end ICU Ventilators
6.4 Mid-end ICU Ventilators
6.5 Basic ICU Ventilators
6.6 Portable Ventilators
7 Global Ventilators Market, By Type
7.1 Introduction
7.2 Adult/Pediatric Ventilators
7.3 Neonatal/Infant Ventilators
8 Global Ventilators Market, By Interface
8.1 Introduction
8.2 Invasive Ventilators
8.3 Non-Invasive Ventilators
9 Global Ventilators Market, By Mode
9.1 Introduction
9.2 Combined Mode Ventilators
9.3 Volume Mode Ventilators
9.4 Pressure Mode Ventilators
9.5 Other Modes of Ventilators
10 Global Ventilators Market, By End-User
10.1 Introduction
10.2 Hospitals & Clinics
10.3 Ambulatory Care Centers
10.4 Emergency Medical Services
10.5 Home Care Settings
11 Americas' Ventilators Market
11.1 Introduction
11.2 Argentina
11.3 Brazil
11.4 Canada
11.5 Chile
11.6 Colombia
11.7 Mexico
11.8 Peru
11.9 United States
11.10 Rest of Americas
12 Europe's Ventilators Market
12.1 Introduction
12.2 Austria
12.3 Belgium
12.4 Denmark
12.5 Finland
12.6 France
12.7 Germany
12.8 Italy
12.9 Ireland
12.10 Luxemburg
12.11 Netherlands
12.12 Norway
12.13 Poland
12.14 Russia
12.15 Spain
12.16 Sweden
12.17 Switzerland
12.18 United Kingdom
12.19 Rest of Europe
13 Middle East and Africa's Ventilators Market
13.1 Introduction
13.2 Egypt
13.3 Israel
13.4 Qatar
13.5 Nigeria
13.6 Saudi Arabia
13.7 South Africa
13.8 United Arab Emirates
13.9 Rest of MEA
14 APAC's Ventilators Market
14.1 Introduction
14.2 Australia
14.3 Bangladesh
14.4 China
14.5 India
14.6 Indonesia
14.7 Japan
14.8 Malaysia
14.9 Philippines
14.10 Singapore
14.11 South Korea
14.12 Sri Lanka
14.13 Thailand
14.14 Taiwan
14.15 Rest of Asia-Pacific
15 Competitive Landscape
15.1 Competitive Quadrant
15.2 Market Share Analysis
16 Company Profiles
16.1 Acoma Medical Industry Co., Ltd.
16.1.1 Company Overview
16.1.2 Company Snapshot
16.1.3 Product Overview
16.1.4 Business Overview
16.1.5 SWOT Analysis
16.1.6 Recent Development
16.2 Becton, Dickinson and Company
16.2.1 Company Overview
16.2.2 Company Snapshot
16.2.3 Product Overview
16.2.4 Business Overview
16.2.5 SWOT Analysis
16.2.6 Recent Development
16.3 Drägerwerk AG & Co. KGaA
16.3.1 Company Overview
16.3.2 Company Snapshot
16.3.3 Product Overview
16.3.4 Business Overview
16.3.5 SWOT Analysis
16.3.6 Recent Development
16.4 Fisher & Paykel Healthcare Ltd.
16.4.1 Company Overview
16.4.2 Company Snapshot
16.4.3 Product Overview
16.4.4 Business Overview
16.4.5 SWOT Analysis
16.4.6 Recent Development
16.5 GE Healthcare
16.5.1 Company Overview
16.5.2 Company Snapshot
16.5.3 Product Overview
16.5.4 Business Overview
16.5.5 SWOT Analysis
16.5.6 Recent Development
16.6 Getinge AB
16.6.1 Company Overview
16.6.2 Company Snapshot
16.6.3 Product Overview
16.6.4 Business Overview
16.6.5 SWOT Analysis
16.6.6 Recent Development
16.7 Hamilton Medical Ag
16.7.1 Company Overview
16.7.2 Company Snapshot
16.7.3 Product Overview
16.7.4 Business Overview
16.7.5 SWOT Analysis
16.7.6 Recent Development
16.8 Koninklijke Philips N.V.
16.8.1 Company Overview
16.8.2 Company Snapshot
16.8.3 Product Overview
16.8.4 Business Overview
16.8.5 SWOT Analysis
16.8.6 Recent Development
16.9 Leistung Brasil
16.9.1 Company Overview
16.9.2 Company Snapshot
16.9.3 Product Overview
16.9.4 Business Overview
16.9.5 SWOT Analysis
16.9.6 Recent Development
16.10 Medtronic PLC
16.10.1 Company Overview
16.10.2 Company Snapshot
16.10.3 Product Overview
16.10.4 Business Overview
16.10.5 SWOT Analysis
16.10.6 Recent Development
16.11 Resmed, Corp.
16.11.1 Company Overview
16.11.2 Company Snapshot
16.11.3 Product Overview
16.11.4 Business Overview
16.11.5 SWOT Analysis
16.11.6 Recent Development
16.12 Schiller Ag
16.12.1 Company Overview
16.12.2 Company Snapshot
16.12.3 Product Overview
16.12.4 Business Overview
16.12.5 SWOT Analysis
16.12.6 Recent Development
16.13 SmithGroup Companies, Inc.
16.13.1 Company Overview
16.13.2 Company Snapshot
16.13.3 Product Overview
16.13.4 Business Overview
16.13.5 SWOT Analysis
16.13.6 Recent Development
16.14 Vyaire Medical, Inc.
16.14.1 Company Overview
16.14.2 Company Snapshot
16.14.3 Product Overview
16.14.4 Business Overview
16.14.5 SWOT Analysis
16.14.6 Recent Development
16.15 Zoll Medical Corp.
16.15.1 Company Overview
16.15.2 Company Snapshot
16.15.3 Product Overview
16.15.4 Business Overview
16.15.5 SWOT Analysis
16.15.6 Recent Development
16.16 Boston Scientific Corp.
16.16.1 Company Overview
16.16.2 Company Snapshot
16.16.3 Product Overview
16.16.4 Business Overview
16.16.5 SWOT Analysis
16.16.6 Recent Development
16.17 TRITON Electronics Systems Ltd.
16.17.1 Company Overview
16.17.2 Company Snapshot
16.17.3 Product Overview
16.17.4 Business Overview
16.17.5 SWOT Analysis
16.17.6 Recent Development
16.18 Hill-Rom Holdings, Inc.
16.18.1 Company Overview
16.18.2 Company Snapshot
16.18.3 Product Overview
16.18.4 Business Overview
16.18.5 SWOT Analysis
16.18.6 Recent Development
16.19 Allied Healthcare Products, Inc.
16.19.1 Company Overview
16.19.2 Company Snapshot
16.19.3 Product Overview
16.19.4 Business Overview
16.19.5 SWOT Analysis
16.19.6 Recent Development
16.20 aXcent Medical GmbH
16.20.1 Company Overview
16.20.2 Company Snapshot
16.20.3 Product Overview
16.20.4 Business Overview
16.20.5 SWOT Analysis
16.20.6 Recent Development
17 Appendix
17.1 Self-Assessment Form

Companies Mentioned

  • Acoma Medical Industry Co., Ltd.
  • Becton, Dickinson and Company
  • Drägerwerk AG & Co. KGaA
  • Fisher & Paykel Healthcare Ltd.
  • GE Healthcare
  • Getinge AB
  • Hamilton Medical Ag
  • Koninklijke Philips N.V.
  • Leistung Brasil
  • Medtronic PLC
  • Resmed, Corp.
  • Schiller Ag
  • SmithGroup Companies, Inc.
  • Vyaire Medical, Inc.
  • Zoll Medical Corp.
  • Boston Scientific Corp.
  • TRITON Electronics Systems Ltd.
  • Hill-Rom Holdings, Inc.
  • Allied Healthcare Products, Inc.
  • aXcent Medical GmbH