Mechanical ventilators market

Mechanical Ventilators Market, by Product Type (Critical Care Mechanical Ventilators, Neonatal Mechanical Ventilators, Transport, and Portable Mechanical Ventilators), by End User (Hospitals, Ambulatory Surgical Centers, and Specialty Clinics), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

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Dec 2022
CMI1605
155 Pages
Excel & Pdf
Medical Devices

Summary

A mechanical ventilator is a machine or device that helps to breathe and partially or completely supports the functions of the lungs. Ventilator helps to remove carbon dioxide from the lungs and provides oxygen to the body. It also provides pressure to keep the small air sacks in the lungs from collapsing. Mechanical ventilation is a form of life support that helps to breathe (ventilate) when a person can’t breathe on own. This can be during surgery.

The global mechanical ventilators market is estimated to be valued at US$ 5,124.2 million in 2022 and is expected to exhibit a CAGR of 6.7% during the forecast period (2022-2030).

Figure 1. Global Mechanical Ventilators Market Share (%), by Product Type, 2022

Global Mechanical Ventilators Market - Drivers

Adoption of inorganic growth strategies such as product launches by key market players is expected to drive the global mechanical ventilators market growth over the forecast period. For instance, in January 2020, Dragerwerk AG & Co. KGaA, a medical device company, announced that they had launched Evita V600 and V800 ventilators at Arab Health2020, a healthcare exhibition. Both ventilators combine high-performance ventilation with an aesthetic design that enables quick and efficient operation from the first onset of lung protective ventilation.

Mechanical Ventilators Market Report Coverage

Report Coverage	Details
Base Year:	2021	Market Size in 2022:	US$ 5,124.2 Mn
Historical Data for:	2017 to 2020	Forecast Period:	2022 to 2030
Forecast Period 2022 to 2030 CAGR:	6.7%	2030 Value Projection:	US$ 8,598.9 Mn
Geographies covered:	North America: U.S. and Canada Latin America: Brazil, Argentina, Mexico, and Rest of Latin America Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific Middle East: GCC Countries, Israel, and Rest of Middle East Africa: South Africa, North Africa, and Central 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
Companies covered:	Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Getinge AB, General Electric Company, Hamilton Medical, Medtronic, ICU Medical, Inc., Dragerwerk AG & Co. KGaA, ZOLL Medical Corporation, Koninklijke Philips N.V., VYAIRE, Fisher & Paykel Healthcare Limited, ResMed, Max Ventilator (A.B.Industries), NIHON KOHDEN CORPORATION, Inspiration Healthcare Group plc., CorVent Medical Inc., Inovytec, InnAccel Technologies Pvt Ltd., and OES Medical
Growth Drivers:	Increasing adoption of inorganic strategies such as product launches by key market players
Restraints & Challenges:	Increasing number of product recalls by regulatory authorities such as the U.S. Food and Drug Administration

Figure 2. Global Mechanical Ventilators Market Share (%), by Region, 2022

Global Mechanical Ventilators Market – Impact of Coronavirus (COVID-19) Pandemic

Since the COVID-19 virus outbreak in December 2019, the disease has spread to over 100 countries across the globe, and the World Health Organization declared it a public health emergency on January 30, 2020.

COVID-19 can affect the economy in three main ways: by directly affecting the production and demand of drugs, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to nationwide lockdowns, several countries such as China, India, Saudi Arabia, the U.A.E., Egypt, and others are facing problems with the transportation of drugs from one place to another.

However, the COVID-19 pandemic had a positive impact on the global mechanical ventilators market. For instance, in May 2020, The U.S. Food and Drug Administration approved VITAL (Ventilator Intervention Technology Accessible Locally), a high-pressure ventilator for emergency use. The device was developed by NASA's Jet Propulsion Laboratory (JPL) in Southern California to free up the nation's limited supply of traditional ventilators so they may be used in patients with the most severe COVID-19 symptoms.

Global Mechanical Ventilators Market: Key Developments

Increasing adoption of inorganic growth strategies such as product approval by various regulatory authorities, such as the U.S. Food and Drug Administration is expected to drive the global mechanical ventilators market growth over the forecast period. For instance, in February 2021, Inovytec, a medical device company, announced that it had received 510(k) clearance to market and sell its Ventway Sparrow ventilators in the U.S. The Ventway Sparrow transport and emergency ventilators are designed for mobility, high performance, and ease of use.

Global Mechanical Ventilators Market: Restraint

Increasing number of product recalls by regulatory authorities such as the U.S. Food and Drug Administration is expected to hinder the market growth over the forecast period. For instance, in January 2022, the U.S. Food and Drug Administration recalled Class 1 device Trilogy Evo ventilators, which was manufactured by Koninklijke Philips N.V., a health technology company. The device was recalled due to potential health risks from the type of foam used in the devices.

Global Mechanical Ventilators Market - Key Players

Major players operating in the global mechanical ventilators market include Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Getinge AB, General Electric Company, Hamilton Medical, Medtronic, ICU Medical, Inc., Dragerwerk AG & Co. KGaA, ZOLL Medical Corporation, Koninklijke Philips N.V., VYAIRE, Fisher & Paykel Healthcare Limited, ResMed, Max Ventilator (A.B.Industries), NIHON KOHDEN CORPORATION, Inspiration Healthcare Group plc., CorVent Medical Inc., Inovytec, InnAccel Technologies Pvt Ltd., and OES Medical.

Table of Content

Table of Contents

*Browse 26 market data tables and 27 figures on "Global Mechanical Ventilators Market” - forecast to 2030

Segmentation

Detailed Segmentation:

- Frequently Asked Questions -

What is the current market size and compound annual growth rate (CAGR) of the global mechanical ventilators market during the forecast period (2022-2030)?

The global mechanical ventilators market is estimated to be valued at US$ 5,124.2 million in 2022 and is expected to exhibit a CAGR of 6.7% between 2022 and 2030.

What are the major factors driving the market growth?

Factors such as increasing adoption of inorganic growth strategies such as product launches by key market players are expected to drive the market.

Which is the leading product type segment in the market?

Critical care mechanical ventilators is the leading product type segment in the market

What are the key factors hampering the market?

Increasing number of product recalls by regulatory authorities such as the U.S. Food and Drug Administration is the major factor hampering the market

Which are the major players operating in the market?

Major players operating in the market include Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Getinge AB, General Electric Company, Hamilton Medical, Medtronic, ICU Medical, Inc., Dragerwerk AG & Co. KGaA, ZOLL Medical Corporation, Koninklijke Philips N.V., VYAIRE, Fisher & Paykel Healthcare Limited, ResMed, Max Ventilator (A.B.Industries), NIHON KOHDEN CORPORATION, Inspiration Healthcare Group plc., CorVent Medical Inc., Inovytec, InnAccel Technologies Pvt Ltd., and OES Medical