Mechanical Ventilator Market Overview:

The global mechanical ventilator market size was valued at $2.99 billion in 2019 and is estimated to reach $12.54 billion by 2027 at a CAGR of 16.5% from 2020 to 2027.

Mechanical ventilators are devices that help manage breathing problems in patients, by delivering high concentrations of oxygen to lungs. A patient is connected to a ventilator through an endotracheal tube directly applied to the airway or NIV (Non-invasive ventilation) mask. It is also a diagnostic tool used to measure static compliance of airway resistance and irregular functioning of respiratory system. Mechanical ventilators play a vital role in reducing the amount of energy that a patient uses during breathing. Hence, patient's body can focus on fighting or recovering from other infections. Breathing difficulties can occur owing to many reasons such as injuries to nervous system, unconsciousness due to serious infections, drug overdose, and toxin build-up. Thus, mechanical ventilators assist patients when certain illnesses prevent normal breathing.

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The mechanical ventilators market is positively impacted by the present corona virus pandemic. Demand for mechanical ventilators has increased, owing to the COVID-19 outbreak, resulting in an increase in number of ICU admissions worldwide. According to the World Health Organization (WHO), as of July 2020, confirmed cases of COVID-19 around the world have increased rapidly in past few months. Hence, this exponential increase in COVID-19 cases across the world require long-term and short-term respiratory support that increases demand for mechanical ventilators, which is expected to fuel the mechanical ventilator market growth.

Growth of the global mechanical ventilator market is majorly driven by rise in geriatric population, who are prone to respiratory disorders; high prevalence of chronic respiratory diseases; and increase in government expenditures on the healthcare industry. However, a number of limitations are associated with mechanical ventilators such as high cost of mechanical ventilators and rise in prevalence of ventilator-associated pneumonia (VAP), which hinders the market growth. The impact of driving factors is expected to surpass that of the restraints. Moreover, technological innovations, portability, and design are expected to provide new opportunities for the market players in the future.

The mechanical ventilator market is segmented on the basis of components, product type, mode, age group, end user, and region. On the basis of components, it is bifurcated into devices and services. By product type, it is segmented into intensive care unit/critical care, transport/portable/ambulatory, and neonatal care ventilator.

By mode, it is divided into non-invasive ventilation and invasive ventilation. On the basis of age group, it is categorized into pediatric & neonatal, adult, and geriatric. By end user, it is segmented into hospital and clinic, home care, ambulatory surgical centers, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific and LAMEA.

Product Type segment review

By product type, the intensive care unit/critical care segment accounted for the largest mechanical ventilator market share in 2019. This is attributed to the rise in demand for transport ventilators during emergencies and growth in adoption of easy-to-use portable mechanical ventilators for ease of geriatric patient population. The invasive mode segment occupied the largest share in 2019, and is anticipated to continue its dominance during the forecast period.

Mechanical Ventilator Market By Product Type Your browser does not support the canvas element. Intensive Care Unit/Critical Care holds the dominant position in 2019 and would continue to maintain the lead over the forecast period.

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Mode segment review

On the basis of mode, the mechanical ventilator market is divided into non-invasive ventilation and invasive ventilation. Non-invasive ventilators are specifically designed for critically ill patients suffering from respiratory failure, congestive cardiac failure, and for newborns. The non-invasive ventilators segment is expected to grow at a rapid pace as these ventilators are convenient for patients, have less side effects, and enables faster recovery.

Mechanical Ventilator Market By Mode Your browser does not support the canvas element. Non- Invasive Ventilation is projected as one of the most lucrative segments.

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Asia-Pacific is estimated to dominate the mechanical ventilator market throughout the analysis period. This is mainly attributed to large number of ICU beds, huge patient population in need of ventilation, and increase in prevalence of respiratory diseases and cancer, rise in demand for advanced healthcare facilities along with improvement in infrastructure, and growth in in-bound medical tourism in the region. Moreover, Asia-Pacific is also anticipated to be the fastest growing region for the market.

Mechanical Ventilator Market By Region 2027 Asia-pacific North America Europe Lamea Asia-Pacific region would exhibit the highest CAGR of 17.5% during 2020-2027.

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Some of the key players operating in the mechanical ventilator market include Becton, Dickinson and Company (CareFusion/ Vyaire Medical Inc.), Carl Reiner GmbH, Draegerwerk AG & Co. KGaA, Getinge AB (Maquet Holding B.V. & Co. KG), General Electric Company (GE Healthcare), Hamilton Medical AG, Koninklijke Philips N.V., Medtronic Plc. (Covidien Ltd.), Mindray Medical International Limited, Smiths Group Plc., and Zoll Medical Corporation.

Key Benefits For Stakeholders

This report provides a detailed quantitative analysis of the current mechanical ventilator market trends and future estimations from 2020 to 2027, which assists in identifying prevailing mechanical ventilator market opportunities.

An in-depth analysis of various regions is likely to provide a detailed understanding of the current trends to the stakeholders to formulate region-specific plans.

Comprehensive analysis of factors that drive and restrain growth of the mechanical ventilator market are provided.

Key regulatory guidelines for the mechanical ventilator market are critically dealt according to region.

A deep dive analysis of various regions provides insights that would allow companies to strategically plan their business moves.

Key Market Segments

By Product Type

Intensive care unit/critical care

Transport/portable/ambulatory

Neonatal care

By Component

Devices

Services

By Mode

Non-invasive ventilation

Invasive ventilation

By Age Group

Pediatric & neonatal

Adult

Geriatric

By End User

Hospital and clinic

Home care

Ambulatory surgical center

Others

By Region