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  • Published On : Nov 2022
  • Code : CMI5360
  • Industry : Medical Devices
  • Pages : 165
  • Formats :

A breathing circuit consists of one or two pieces of plastic tubing and a bag that connects a fresh gas flow (wall oxygen or ventilator) to the patient's airway, such as a face mask, laryngeal mask airway (LMA), or endotracheal tube (ETT). The breathing circuit has two main functions:

  • To carry oxygen and fresh gases e.g. nitrous oxide, nitric oxide or anesthetic gases, to the patient
  • To carry exhaled carbon dioxide from the alveolar gases away from the patient

Global Ventilator Breathing Circuit Market - Impact of the Coronavirus (COVID-19) Pandemic

Coronavirus (COVID-19) outbreak was first reported on December 31, 2019, in Wuhan, China. The World Health Organization declared COVID-19 as pandemic on March 11, 2020. According to the Coronavirus (COVID-19) Weekly Epidemiological Update by the World Health Organization, over 619 million cases and 6.53 million deaths due to coronavirus (COVID-19) were reported till October 3, 2022, across the globe.

Impact of COVID-19 on Demand and Supply of Ventilator Breathing Circuit

The COVID-19 pandemic and lockdown in various countries across the globe has impacted the financial status of businesses across all sectors including private healthcare sector. The COVID-19 pandemic has impacted the entire supply chain of the healthcare industry mainly due to strict lockdown in several regions. The COVID-19 pandemic has affected the economy of various regions across the globe in three main ways; 1) by directly affecting the production and demand; 2) by creating disruptions in distribution channels; and 3) through its financial impact on companies and financial markets. Several countries such as Thailand, Indonesia, and Singapore are facing problems with regards to transportation and distribution of healthcare products.

During COVID-19 pandemic, there was increase in demand of ventilators, owing to its use in COVID-19 treatment but, there was a shortage in the supply of ventilators. For instance, on August 26, 2022, the U.S. Food and Drug Administration (FDA) released an update about medical device shortage due to COVID-19 pandemic. Categories of devices in the device shortage list were dialysis-related products, personal protective equipment, testing supplies and equipment, and ventilation-related products.

Global ventilator breathing circuit market is estimated to be valued at US$ 1,207.0 million in 2022, and is expected to exhibit a CAGR 4.1% over the forecast period (2022-2030).

Figure 1: Global Ventilator Breathing Circuit Market Share (%) Analysis, By Product Type, 2022

Ventilator Breathing Circuit  | Coherent Market Insights

Global Ventilator Breathing Circuit Market – Key Drivers

Increasing number of product launches by market players are expected to fuel growth of the global ventilator breathing circuit market over the forecast period. For instance, in January 2020, Nihon Kohden, a manufacturer, developer and distributor of medical electronic equipment, launched NKV-550 Series ventilator system designed to support patients of all ages. NKV‐550 ventilator series is designed to provide all the essential capabilities required by clinicians for ventilating adult, pediatric, and neonatal patients.

Market players are engaged in partnerships for distribution of ventilators, which is expected to boost the global ventilator breathing circuit market growth over the forecast period. For instance, in December 2020, CorVent Medical, a company focused on developing smart, reusable, lifesaving ventilators for critical care, announced an agreement with Siemens Healthineers, a Germany-based medical device company for the U.S. distribution of the Respond-19. Respond-19 is intended for quick expansion of critical care ventilation capacity to enable hospitals to treat more patients with ARDS (Acute Respiratory Distress Syndrome) at times of emergency.

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Ventilator Breathing Circuit Market Report Coverage

Report Coverage Details
Base Year: 2021 Market Size in 2022: US$ 1,207.0 Mn
Historical Data for: 2017 to 2020 Forecast Period: 2022 to 2030
Forecast Period 2022 to 2030 CAGR: 4.1% 2030 Value Projection: US$ 1,664.0 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, Israel, and Rest of Middle East
  • Africa: South Africa, North Africa, and Central Africa
Segments covered:
  • By Product Type: Open type, Semi-open type, Semi-closed types, Closed type
  • By Application: Anesthesia, Respiratory dysfunction
  • By Patient Type: Adult, Pediatric
  • By End User: Hospitals, Ambulatory Surgical Centers , Others (Clinics among others)
Companies covered:

Armstrong Medical, Fisher & Paykel Healthcare Limited., Koninklijke Philips N.V., Drägerwerk AG & Co. KGaA, Advin Health Care, Life-O-Line Technologist, Hamilton Medical, Altera, GE Healthcare, Bio-Med Devices, CAE Inc., Medtronic, Great Group Medical Co., Ltd., Vincent Medical Holdings Limited, and Vyaire Medical, Inc.

Growth Drivers:
  • Increasing number of product lunches by market players
  • Increase in partnerships, collaborations, and agreements between market players 
Restraints & Challenges:
  • Increasing infections like Ventilator-associated pneumonia

Restraint- Global Ventilator Breathing Circuit Market

Increasing infections like Ventilator-associated pneumonia are expected to hamper growth of the global ventilator breathing circuit market over the forecast period. Ventilator-associated pneumonia is a lung infection that develops in a person who is on a ventilator. According to Center of Disease Control and Prevention, January 2022, A point-prevalence assessment in a sample of acute care hospitals in the U.S. found that pneumonia was the most prevalent infection among the 427 health care-related infections identified, with 32% of those being associated with ventilators.

Global Ventilator Breathing Circuit Market – Regional Analysis

On the basis of region, the global ventilator breathing circuit market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.

North America is expected to be the most lucrative region in the global ventilator breathing circuit market, owing to increasing number of partnerships between market players for production of ventilators. For instance, in May 2020, Vyaire Medical, a U.S. based manufacturer of breathing apparatus, partnered with Spirit AeroSystems, a U.S. based first-tier aerostructures manufacturer, to increase ventilator production in response to COVID-19 pandemic.

Europe is expected to witness significant growth in the forecast period, owing to increasing product launches by market players. For instance, in November 2021, Armstrong Medical, a U.K. based manufacturer of products for use in critical, neonatal and perioperative care launched AquaVENT VT heated ventilator breathing circuits. AquaVENT VT is an advanced ventilator circuit that intuitively manages moisture throughout the system.

Figure 2: Global Ventilator Breathing Circuit Market Value (US$ Mn), by Region, 2022

Ventilator Breathing Circuit  | Coherent Market Insights

Global Ventilator Breathing Circuit Market – Competitive Landscape

Major players operating in the global ventilator breathing circuit market include Armstrong Medical, Fisher & Paykel Healthcare Limited., Koninklijke Philips N.V., Drägerwerk AG & Co. KGaA, Advin Health Care, Life-O-Line Technologist, Hamilton Medical, Altera, GE Healthcare, Bio-Med Devices, CAE Inc., Medtronic, Great Group Medical Co., Ltd., Vincent Medical Holdings Limited, and Vyaire Medical, Inc.

A breathing system, also known as a breathing circuit, is a medical device used to give patients inhalational anesthetics, oxygen, and carbon dioxide removal. Breathing circuits were originally developed for use in anesthesiology. The most common breathing circuits in use include a source of fresh gas flow, a length of breathing tubing to direct the gas, an adjustable pressure limiting valve to control system pressure and direct waste away, and a reservoir bag to enable assisted ventilation.

Market Dynamics

Increasing number of collaborations between market players is expected to drive growth of the market in the forecast period. For instance, in March 2020, GE Healthcare, a manufacturer and distributor of diagnostic imaging agents and radiopharmaceuticals collaborated with Ford, a U.S. based automobile manufacturer to increase the manufacture of ventilators and support physicians in the treatment of COVID-19 patients.

Increasing use of ventilator for patients is expected to drive growth of the global ventilator breathing circuit market over the forecast period. For instance, according to Centers for Disease Control and Prevention, the national public health agency of the U.S., January 2022, more than 300,000 patients receive mechanical ventilation in the U.S. each year.

Increasing number of product approvals by regulatory authorities are expected to drive growth of market over the forecast period. For instance, in July 2022, Nihon Kohden, a manufacturer, developer and distributor of medical electronic equipment received U.S. Food and Drug Administration (FDA) 510(k) clearance for its NKV-330 Ventilator System. NKV-330 is a non-invasive ventilator that provides respiratory support to adult and pediatric patients

Key features of the study:

  • This report provides an in-depth analysis of the global ventilator breathing circuit market , market size (US$ Million), and compound annual growth rate (CAGR%) for the forecast period (2022-2030), considering 2021 as the base year
  • It elucidates potential revenue opportunities across different segments and explains an attractive investment proposition matrix for this market.
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading players
  • It profiles leading players in the global ventilator breathing circuit market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans.
  • Key companies covered as a part of this study include Armstrong Medical, Fisher & Paykel Healthcare Limited., Koninklijke Philips N.V., Drägerwerk AG & Co. KGaA, Advin Health Care, Life-O-Line Technologist, Hamilton Medical, Altera, GE Healthcare, Bio-Med Devices, CAE Inc., Medtronic, Great Group Medical Co., Ltd., Vincent Medical Holdings Limited, and Vyaire Medical, Inc.
  • Insights from this report would allow marketers and the management authorities of the companies to make an informed decision regarding their future product launch, technology up-gradation, market expansion, and marketing tactics.
  • The global ventilator breathing circuit market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision making through various strategy matrices used in analyzing the global ventilator breathing circuit market

Detailed Segmentation:

  • Global Ventilator Breathing Circuit Market , By Product Type:
    • Open type
    • Semi-open type
    • Semi-closed types
    • Closed type
  • Global Ventilator Breathing Circuit Market , By Application:
    • Anesthesia
    • Respiratory dysfunction
  • Global Ventilator Breathing Circuit Market , By Patient Type:
    • Adult
    • Pediatric
  • Global Ventilator Breathing Circuit Market , By End User:
    • Hospitals
    • Ambulatory Surgical Centers
    • Others
  • Global Ventilator Breathing Circuit Market , By Region:
    • North America
      • By Country:
        • U.S.
        • Canada
    • Latin America
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Country:
        • U.K.
        • Germany
        • Italy
        • Spain
        • France
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Country
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • By Country:
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Country/Region:
        • South Africa
        • Central Africa
        • North Africa
  • Company Profiles
    • Armstrong Medical  *
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Developments/Updates
      • Strategies
    • Fisher & Paykel Healthcare Limited.
    • Koninklijke Philips N.V.
    • Drägerwerk AG & Co. KGaA
    • Advin Health Care
    • Life-O-Line Technologist
    • Hamilton Medical
    • Altera
    • GE Healthcare
    • Bio-Med Devices
    • CAE Inc.
    • Medtronic
    • Great Group Medical Co., Ltd.
    • Vincent Medical Holdings Limited
    • Vyaire Medical, Inc.

 “*” marked represents similar segmentation in other categories in the respective section.

Frequently Asked Questions

Global ventilator breathing circuit market is expected to exhibit a CAGR of 4.1% during the forecast period (2022-2030).
The market is estimated to be valued at US$ 1,207.0 Mn in 2022.
Armstrong Medical, Fisher & Paykel Healthcare Limited., Koninklijke Philips N.V., Drägerwerk AG & Co. KGaA, Advin Health Care, Life-O-Line Technologist, Hamilton Medical, Altera, GE Healthcare, Bio-Med Devices, CAE Inc., Medtronic, Great Group Medical Co., Ltd., Vincent Medical Holdings Limited, and Vyaire Medical, Inc. are the prominent players operating in the market across the globe.
The market is expected to be valued at US$ 1,664.0 Mn in 2030.  
North America is the prominent region in the market.
Increasing product launches by market players and increase in partnerships, collaborations and agreements between market players, are some of the driving factors, which are expected to drive growth of the market.

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