[212 Pages Report] The ventilator market is projected to reach USD 859.9 Million in 2018, and is expected to grow at a CAGR of 8.0% during the forecast period of 2018 to 2023. Factors such as increasing number of preterm births, rapid growth in the geriatric population, rising prevalence of respiratory diseases, and rising number of ICU beds are expected to drive the growth of the ventilators market during the forecast period. In addition, the growing demand for home care therapeutics and higher growth in developing countries like China, India, and Brazil are driving the demand for ventilators. However, inappropriate reimbursement scenario, complications associated with the use of ventilators, and resistance from physicians for technology transition are restricting the growth of this market to a certain extent.

The invasive ventilation segment will continue to dominate the ventilator market.

On the basis of interface, the ventilators market is segmented into invasive ventilation and non-invasive ventilation. Wide applications in respiratory diseases, neurological diseases, and sleeping disorders is the major factor supporting the growth of the invasive ventilation segment.

By mobility, the portable/transportable ventilators is expected to grow the fastest in the ventilator market during the forecast period.

Based on mobility, the ventilators market is segmented into intensive care and portable/transportable ventilators. While the ICU ventilators accounted for the largest share in 2017, portable/transportable ventilators is expected to grow at the fastest CAGR during the forecast period. The demand for low cost, user-friendly, and flexible portable ventilators is driving the demand for portable/transportable ventilators

The invasive ventilation segment will continue to dominate the ventilator market.

On the basis of interface, the ventilators market is segmented into invasive ventilation and non-invasive ventilation. Wide applications in respiratory diseases, neurological diseases, and sleeping disorders is the major factor supporting the growth of the invasive ventilation segment.

The home care segment will register the highest CAGR during the forecast period

On the basis of end users, the ventilators market is segmented into hospitals and clinics, home care, ambulatory care centers, and emergency medical services. The home care segment is estimated to register the highest CAGR during the forecast period. The high growth of the home care segment can be attributed to the growing out-of-pocket healthcare expenditure, growing per capita income, increased awareness regarding advanced technologies among patients and doctors, a large pool of respiratory disorder patients, and rising acceptance of home healthcare products.

North America would continue to dominate the market in the forecast period.

The rising geriatric population, high prevalence of smoking, high prevalence of respiratory diseases, highly developed healthcare system, high healthcare expenditure, and the presence of major market players in the US are the key factors driving the ventilators market in North America.

Market Dynamics

Rising prevalence of respiratory diseases

According to the World Health Organization, more than 3.17 million people died of COPD in 2015 as compared to 3.10 million deaths in 2012. COPD is one of the major causes of death globally, and is expected to become the world�s third-biggest health threat by 2020. Similarly, the Asthma Report 2015 by the WHO estimated that around 235 million people globally were suffering from asthma, and it caused around 383,000 deaths in 2015. The rising prevalence of these target indications is increasing the rate of hospital admission and re-admission of the affected patients as they may require frequent ventilation support. Additionally, factors such as Urbanization and growing pollution levels, high prevalence of tobacco smoking, and unhealthy lifestyle habits are contributing to the rise in the number of cases of respiratory and cardiovascular diseases, thereby driving the demand for ventilator systems.

Complications associated with the use of ventilators

Ventilation is associated with many adverse effects and complications, with most of them being under-reported. The improper functioning of alarms, inappropriate heating or humidification of the inspired gas, and improper ventilation cycle are some of the minor complications that occur during ventilation. Major complications associated with the use of mechanical ventilators are bronchopleural fistula, development of nosocomial pneumonia, and pneumothorax. These complications can lead to adverse physiological effects, such as decrease in cardiac output, increased intracranial pressure, unintended respiratory alkalosis, impairment of hepatic & renal functions, and gastric distensions

Growing demand for healthcare therapeutic devices

The rapid growth in the global geriatric population, rising incidence of respiratory diseases (including COPD and asthma), and the cost-effective nature of home care devices and services (as compared to hospital visits) are the key factors driving the home healthcare market. This is directly resulting in an increased demand for respiratory therapeutic devices, such as ventilators. Moreover, the high growth potential in emerging markets, healthcare decentralization, and evolution of miniaturized devices are the other major factors that are expected to provide significant growth opportunities to players offering ventilation products and services for home care settings.

Harmful effects of certain devices on neonates

Low- and middle-income countries lack specialized respiratory care infrastructure for infants. The unavailability of specialized ventilators for infants or use of adult ventilators as an alternative to infant respiratory devices results in numerous infant deaths. These countries also lack awareness about advancements in technologies and developments in neonatal ventilators, which also presents a major challenge for the growth of the ventilators market.

Scope of the Report

Report Metric Details Market Size available for years 2016�2023 Base Year Considered 2017 Forecast period 2018�2023 Forecast Unit Value(USD) Segments covered Mobility, Mode, End User, Type, interface, and Region Geographies covered North America US Canada

Europe Germany France UK Italy Spain Rest of Europe

Asia Pacific Japan China India Rest of Asia Pacific

Latin America Brazil Mexico Rest of Latin America

Middle East & Africa Companies Covered Philips Healthcare (Netherlands), ResMed (US), Medtronic (Ireland), Becton, Dickinson and Company (US), Getinge (Sweden), Dr�ger (Germany), Smiths Group (UK), Hamilton Medical (Switzerland), GE Healthcare (US), Fisher & Paykel (New Zealand), Air Liquide (France), Zoll Medical (US), Allied Healthcare Products (US)

Global Ventilator Market, by Mobility

Intensive Care Ventilators High-end ICU Ventilators Mid-end ICU Ventilators Basic ICU Ventilators

Portable/Transportable Ventilators

Global Ventilator Market, by Type

Adult/Pediatric Ventilators

Neonatal/Infant Ventilators

Global Ventilator Market, by Interface

Invasive Ventilation

Non-invasive Ventilation

Global Ventilator Market, by Mode

Combined Mode Ventilation

Volume Mode Ventilation

Pressure Mode Ventilation

Others

Global Ventilator Market, by End User

Hospitals and Clinics

Home Care

Ambulatory Care Centers

Emergency Medical Services (EMS)

Global Ventilator market, By Region

North America US Canada

Europe Germany France UK Italy Spain Rest of Europe

Asia Pacific Japan China India Rest of Asia Pacific

Latin America Brazil Mexico Rest of Latin America

Middle East and Africa

Key Market Players:

The prominent players in the global ventilators market are Philips Healthcare (Netherlands), ResMed (US), Medtronic (Ireland), Becton, Dickinson and Company (US), Getinge (Sweden), Dr�ger (Germany), Smiths Group (UK), Hamilton Medical (Switzerland), GE Healthcare (US), Fisher & Paykel (New Zealand), Air Liquide (France), Zoll Medical (US), Allied Healthcare Products (US), Airon Mindray (China), and Schiller (Switzerland). Some key strategies adopted by top players in the ventilators market include product launches; mergers & acquisitions; agreements, partnerships, and collaborations; and expansions

Recent Developments:

In 2017, Drager (US) launched Oxylog VE300 under the portable ventilator segment.

In 2017, Air Liquide (US) acquired Sogo Sangyo Kabushiki Kaisha (Japan) and OxyMaster (Columbia) to expand the home healthcare portfolio of the company across APAC and Latin American regions.

In 2017, Medtronic (US) collaborated with Mercy Catholic healthcare system (US) to establish a new data sharing and analysis network that helps gather clinical evidence for medical device innovation and patient access.

Key Questions Addressed in the Report

Who are the top 10 players operating in the ventilator market?

What are the drivers, restraints, opportunities, and challenges in the ventilator market?

What are the industry trends as well as the regulatory scenario in the ventilator market?

What are the growth trends in the ventilator market at the segmental and overall market levels?

To know about the assumptions considered for the study, download the pdf brochure