Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Mechanical ventilation is a treatment to help a person breathe when they find it difficult or are unable to breathe on their own. Critical care ventilators, neonatal intensive care ventilators, portable ventilators, and transport ventilators are some of the types of mechanical ventilators.

Statistics:

The global mechanical ventilators market is estimated to account for US$ 4,248.7 Mn in terms of value by the end of 2027.

Global Mechanical Ventilators Market: Drivers

Increasing prevalence of respiratory diseases is expected to propel growth of the global mechanical ventilators market over the forecast period. For instance, according to a report by Global Initiative for Chronic Obstruction Disease’s 2018 report, chronic obstructive pulmonary disease is expected to result in 4.5 million global deaths annually by 2030.

Moreover, increasing adoption of non-invasive ventilators is also expected to boost demand for mechanical ventilators. Non-invasive ventilation use a variety of interfaces and have continued to evolve with modifications based on patient comfort and efficacy. Over the last few decades, non-invasive ventilation delivered by nasal or facemask has gained acceptance for support of both chronic and acute ventilatory failure. Usage of non-invasive ventilators reduces the risk of injuries associated with lung, acute kidney injury, pneumonia, patient’s ability to speak and swallow, lesser need for sedation, shorter hospital stay, and less post-surgical complications.

Statistics:        

North America held dominant position in the global mechanical ventilators market in 2019, accounting for 38.1% share in terms of value, followed by Europe and Asia Pacific, respectively.

Figure 1: Global Mechanical Ventilators Market Share (%) Value, By Region, 2019

Mechanical Ventilators  | Coherent Market Insights

Global Mechanical Ventilators Market: Restraints

Challenges for patient interfaces in non-invasive ventilation are expected to hinder growth of the global mechanical ventilators market. Some of the major challenges faced by non-invasive ventilator manufacturers in propagating the adoption of such devices in the market include, minimization of leakage between the mask and patient’s skin, maximization of patient comfort, ensuring patient compliance, and minimization of dead-space (CO2 rebreathing).

Moreover, budgetary constraints faced by small health care facilities are also expected to limit adoption of mechanical ventilators. Rural and sub-urban hospitals provide patients with the highest quality of care while simultaneously tackling challenges due to their often remote geographic location, small size, limited workforce, and constrained financial resources. Rural hospitals’ low-patient volumes make it difficult for these organizations to manage the high fixed costs associated with operating a hospital. This in turn makes them particularly vulnerable to policy and market changes, and to Medicare and Medicaid payment cuts.

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Mechanical Ventilators Market Report Coverage

Report Coverage Details
Base Year: 2019 Market Size in 2019: US$ 4,248.7 Mn
Historical Data for: 2016 to 2019 Forecast Period: 2020 to 2027
Forecast Period 2020 to 2027 CAGR: 6.7% 2027 Value Projection: US$ 7,126. Mn
Geographies covered:
  • North America: U.S., Canada
  • Latin America: Brazil, Argentina, Mexico, Rest of Latin America
  • Europe: Germany, U.K., France, Spain, Italy, Russia, Rest of Europe
  • Asia Pacific: China, Japan, India, Australia, South Korea, ASEAN, Rest of Asia Pacific
  • Middle East: GCC Countries, Israel, Rest of Middle East
  • Africa: North Africa, Central Africa, South Africa
Segments covered:
  • By Product Type: Critical Care Mechanical Ventilators, Neonatal Mechanical Ventilators, Transport and Portable Mechanical Ventilators.
  • By End User: Hospitals, Ambulatory Surgical Centers, Specialty Clinics, Others.
Companies covered:

Becton, Dickinson & Company, Mindray Medical International Limited, Getinge Group, GE Healthcare, Hamilton Medical AG, Medtronic Plc, Smiths Medical, Draeger Medical GmbH, Zoll Medical Corp., Philips Respironics, Maquet Medical Systems GmbH

Growth Drivers:
  • Increasing prevalence of respiratory disorders
  • Approval and launch of new products
Restraints & Challenges:
  • Product recall

Global Mechanical Ventilators Market: Opportunities 

R&D in mechanical ventilation is expected to offer lucrative growth opportunities for players in the global mechanical ventilators market. For instance, in October 2019, researchers from University of Antwerp, Belgium, reported that a deficient anti-bacterial Th17 cytokines response in the lung during mechanical ventilation is associated with ventilator-associated pneumonia development.

Moreover, launch of software updates for ventilators is also expected to aid in growth of the market. For instance, in December 2018, Medtronic plc released a software update for its Puritan Bennet 980 ventilators in a field action labeled by the FDA as Class I.

Statistics:

The global mechanical ventilators market was valued at US$ 4,248.7 Mn in 2019 and is forecast to reach a value of US$ 7,126.0 Mn by 2027 at a CAGR of 6.7% between 2020 and 2027.

Figure 2: Global Mechanical Ventilators Market Value (US$ Mn), 2016 – 2027

Mechanical Ventilators  | Coherent Market Insights

Market Trends/Key Takeaways

Increasing prevalence of sleep apnea is expected to propel growth of the global mechanical ventilators market over the forecast period. For instance, according to the study, ‘Estimation of the global prevalence and burden of obstructive sleep apnea: a literature-based analysis’, published in July 2019, 936 million adults aged 30–69 years have mild to severe obstructive sleep apnea and 425 million adults aged 30–69 years have moderate to severe obstructive sleep apnea globally.

The mechanical ventilators market in Asia Pacific is driven by export of mechanical ventilators for the management of Covid-19. For instance, in May 2020, Turkey exported over 1,000 mechanical ventilators crucial in treating COVID-19.

Global Mechanical Ventilators Market: Competitive Landscape

Major players operating in the global mechanical ventilators market include, Becton, Dickinson & Company, Mindray Medical International Limited, Getinge Group, GE Healthcare, Hamilton Medical AG, Medtronic Plc, Smiths Medical, Draeger Medical GmbH, Zoll Medical Corp., Philips Respironics, Maquet Medical Systems GmbH, and others.

Global Mechanical Ventilators Market: Key Developments

Major players in the market are focused on increasing production of mechanical ventilators in response to the COVID-19 pandemic. For instance, in March 2020, Zoll Medical Corp. announced to increase its manufacturing capacity to 10,000 ventilators per month in response to the COVID-19 pandemic.

Mechanical ventilation is a process that helps patients breathe by assisting inhalation of oxygen and exhalation of carbon dioxide through lungs with the help of specialized machines known as mechanical ventilators, respirators or breathing machines. Mechanical ventilation is a life support treatment that assists the patient with critical health conditions to breathe just enough for the survival. Increasing prevalence of respiratory diseases, new product launch, increasing healthcare expenditure in developing economies, and increasing adoption of non-invasive ventilators is also expected to boost demand for mechanical ventilators during the forecast period.

Key features of the study:

  • This report provides in-depth analysis of the Global Mechanical Ventilators market  and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2020–2027), considering 2019 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategy adopted by key players
  • It profiles key players in the Global Mechanical Ventilators market  based on the following parameters – company overview, financial performance, product portfolio, market presence, distribution strategies, key developments, strategies, and future plans
  • Key companies covered as a part of this study include, Becton, Dickinson & Company, Mindray Medical International Limited, Getinge Group, GE Healthcare, Hamilton Medical AG, Medtronic Plc, Smiths Medical, Draeger Medical GmbH, Zoll Medical Corp., Philips Respironics, Maquet Medical Systems GmbH.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, technology up-gradation, market expansion, and marketing tactics
  • The Global Mechanical Ventilators market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the Global Mechanical Ventilators market

Detailed Segmentation:

  • Global Mechanical Ventilators Market, By Product Type:
    • Critical Care Mechanical Ventilators
    • Neonatal Mechanical Ventilators
    • Transport and Portable Mechanical Ventilators
  • Global Mechanical Ventilators Market, By End User:
    • Hospitals
    • Ambulatory Surgical Centers
    • Specialty Clinics
    • Others
  • Global Mechanical Ventilators Market, By Region:
    • North America
      • By Product Type:
        • Critical Care Mechanical Ventilators
        • Neonatal Mechanical Ventilators
        • Transport and Portable Mechanical Ventilators
      • By End User
        • Hospitals
        • Ambulatory Surgical Centers
        • Specialty Clinics
        • Others
      • By Country
        • U.S.
        • Canada
    • Latin America
      • By Product Type:
        • Critical Care Mechanical Ventilators
        • Neonatal Mechanical Ventilators
        • Transport and Portable Mechanical Ventilators
      • By End User
        • Hospitals
        • Ambulatory Surgical Centers
        • Specialty Clinics
        • Others
      • By Country
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Product Type:
        • Critical Care Mechanical Ventilators
        • Neonatal Mechanical Ventilators
        • Transport and Portable Mechanical Ventilators
      • By End User
        • Hospitals
        • Ambulatory Surgical Centers
        • Specialty Clinics
        • Others
      • By Country
        • U.K.
        • Germany
        • France
        • Spain
        • Italy
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Product Type:
        • Critical Care Mechanical Ventilators
        • Neonatal Mechanical Ventilators
        • Transport and Portable Mechanical Ventilators
      • By End User
        • Hospitals
        • Ambulatory Surgical Centers
        • Specialty Clinics
        • Others
      • By Country
        • China
        • Japan
        • India
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • By Product Type:
        • Critical Care Mechanical Ventilators
        • Neonatal Mechanical Ventilators
        • Transport and Portable Mechanical Ventilators
      • By End User
        • Hospitals
        • Ambulatory Surgical Centers
        • Specialty Clinics
        • Others
      • By Country
        • GCC Countries
        • Israel
        • Rest of Middle East
    • Africa
      • By Product Type:
        • Critical Care Mechanical Ventilators
        • Neonatal Mechanical Ventilators
        • Transport and Portable Mechanical Ventilators
      • By End User
        • Hospitals
        • Ambulatory Surgical Centers
        • Specialty Clinics
        • Others
      • By Country
        • North Africa
        • Central Africa
        • South Africa
  • Company Profiles
    • Becton, Dickinson & Company *
      • Company Overview
      • Product Portfolio
      • Key Highlights
      • Financial Overview
      • Strategies
    • Mindray Medical International Limited
    • Getinge Group
    • GE Healthcare
    • Hamilton Medical AG
    • Medtronic Plc
    • Smiths Medical
    • Draeger Medical GmbH
    • Zoll Medical Corp.
    • Philips Respironics
    • Maquet Medical Systems GmbH
  •  “*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By End User
      • Market Snippet, By Country
      • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Key Highlights
    • Product launch
    • PEST Analysis
    • Technological Advancements
    • Regulatory Scenario
    • Mergers and Acquisitions
  4. Global Mechanical Ventilators Market, By Product Type, 2019 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2020 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Critical Care Mechanical Ventilators
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Neonatal Mechanical Ventilators
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Transport and Portable Mechanical Ventilators
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  5. Global Mechanical Ventilators Market, By Product Type, 2019 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2020 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Hospitals
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Ambulatory Surgical Centers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Specialty Clinics
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  6. Global Mechanical Ventilators Market, By Region, 2019 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, By Region, 2020 and 2027 (%)
      • Y-o-Y Growth Analysis, For Regions, 2017–2026
    • North America
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • U.S.
        • Canada
    • Latin America
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • Germany
        • U.K.
        • France
        • Spain
        • Italy
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • China
        • Japan
        • India
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • GCC Countries
        • Israel
        • Rest of Middle East
    • Africa
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • North Africa
        • Central Africa
        • South Africa
  7. Competitive Landscape
    • Company Profiles
      • Becton, Dickinson & Company
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Mindray Medical International Limited
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Getinge Group
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • GE Healthcare
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Hamilton Medical AG
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Medtronic Plc
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Smiths Medical
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Draeger Medical GmbH
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Zoll Medical Corp.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Philips Respironics
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Maquet Medical Systems GmbH
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 22 market data tables and 14 figures on “Mechanical Ventilators Market - Global forecast to 2027”.

Frequently Asked Questions

The Global Mechanical Ventilators market size was valued at US$ 4,248.7 million in 2019 and is estimated to exhibit a CAGR of 6.7% between 2020 and 2027.
Critical Care Mechanical Ventilators segment held the major market share in 2019 owing to an increasing prevalence of respiratory disorders is expected to propel growth of the market
Major factor driving the growth of Global Mechanical Ventilators market during the forecast period increasing prevalence of respiratory disorders, increasing product launch, increasing research & development , and adoption of expansion strategies from major companies.
Major factors hampering the growth of the Global Mechanical Ventilators market during the forecast period constitutes of product recalls.
North America market is expected to generate the highest revenue during the forecast period.
Some of the key players operating in the market are Becton, Dickinson & Company, Mindray Medical International Limited, Getinge Group, GE Healthcare, Hamilton Medical AG, Medtronic Plc, Smiths Medical, Draeger Medical GmbH, Zoll Medical Corp., Philips Respironics, Maquet Medical Systems GmbH, and others.
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