Mechanical Ventilators Market Analysis

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

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.

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

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.