The global Mechanical Ventilators market is expected to grow at a significant rate in the forthcoming years. The growing number of acute respiratory distress syndrome (ARDS) and chronic obstructive pulmonary disease (COPD) across the world is the key factor that boosting the growth of the global mechanical ventilators market. Chronic respiratory diseases (CRDs) are diseases of the airways and other structures of the lung. Some of the most common are chronic obstructive pulmonary disease (COPD), asthma, occupational lung diseases, and pulmonary hypertension. According to World Health Organization, about 65 million people suffer from chronic obstructive pulmonary disease (COPD), and 3 million dies from it each year, making it the third leading cause of death worldwide. About 334 million people suffer from asthma, the most common chronic disease of childhood affecting 14% of all children globally.
However, mask-induced patient injuries, lack of compliance by patients, and CO2 rebreathing are the main issues that are critical to patients and clinical care providers. Such issues are anticipated to hamper the adoption of mechanical ventilators, particularly in developed markets.
Covid-19 Impact on Mechanical Ventilators Market
In addition, the current Mechanical Ventilators Market study offers a detailed analysis of the current COVID-19 pandemic impact on the market growth and its influence on the future growth of the Mechanical Ventilators Market. The recently published report demonstrates the elevation in the demand for the healthcare sector. The healthcare manufacturers have experienced long term as well as short term effect which includes supply shortages, panic buying, and stocking, regulation changes as short-term whereas approval delays and possible trend variations in consumption could be perceived as long-term impacts of COVID-19 on the health and pharmaceutical market.
The increasing need for a cure has pushed vaccine research and manufacturers to the limit. In addition to this, panic conditions have already spurred the demand for many healthcare products and services which are discussed in detail in this report. Moreover, the impact of COVID-19 on overall market revenue for the base year 2020 and its projection up to 2027 is provided in detail in this report.
Mechanical Ventilators Market Segment Overview
Based on product type, the Critical Care Ventilators segment has the maximum share in the Mechanical Ventilators market in 2020. This is mainly due to the high adoption and installation rate in hospitals. Critical care ventilators are majorly used in hospital intensive care units. The rise in the number of hospitals over the forecast period is projected to sustain the market growth. Additionally, the demand for transport and the portable mechanical ventilator is increasing due to their variety of applications in different care delivery settings. The application of transport and portable ventilators ranges from home care to ambulatory centers. As well, growth in the market for point-of-care treatment and an increase in cases of medical emergencies are important drivers of the segment growth.
Mechanical Ventilators Market, By Product Type
· Critical Care Ventilators
· Neonatal Ventilators
· Transport and Portable Ventilators
Mechanical Ventilators Market, By Interface
· Invasive Ventilators
· Non-invasive Ventilators
Mechanical Ventilators Market, By End-User
· Home care
· Hospitals and Clinics
· Ambulatory Surgical Centers
Mechanical Ventilators Regional Overview
In terms of region, North America dominated the mechanical ventilator market and accounted for the major revenue share in 2020. This can be mainly attributed to the increasing number of serious critical COVID-19 patients in the U.S. and the presence of leading manufacturers in this region. Similarly, the market in the Asia Pacific is anticipated to witness a significant growth rate over the forecast period. Important factors such as increasing cases of COVID 19 and chronic respiratory diseases, growing healthcare expenditure and infrastructure, and various collaborations and strategic agreements are expected to fuel the growth of the mechanical ventilator market in this region.
Mechanical Ventilators Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Mechanical Ventilators Market Competitor overview
Some key developments and strategies adopted by manufacturers in Mechanical Ventilators are highlighted below.
· In April, 2020, U.S. government under the Defense Production Act- issues US $1.1Bn in ventilator contracts to Koninklijke Philips N.V. and G.E. Healthcare.
Mechanical Ventilators Market, Key Players
· Teleflex Incorporated
· VYAIRE
· Dragerwerk AG & Co. KGaA
· GE Healthcare
· Medtronic plc
· Koninklijke Philips N.V.
· Smiths Medical
· ResMed Inc.
· Bunnell Inc.
· Getinge AB.
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Mechanical Ventilators Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Product Type
- 5.2.1. Critical Care Ventilators
- 5.2.2. Neonatal Ventilators
- 5.2.3. Transport and Portable Ventilators
- 5.3. Market Analysis, Insights and Forecast – By Interface
- 5.3.1. Invasive Ventilators
- 5.3.2. Non-invasive Ventilators
- 5.4. Market Analysis, Insights and Forecast – By End-User
- 5.4.1. Home care
- 5.4.2. Hospitals and Clinics
- 5.4.3. Ambulatory Surgical Centers
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Latin America, Middle East and Africa
6. North America Mechanical Ventilators Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Product Type
- 6.2.1. Critical Care Ventilators
- 6.2.2. Neonatal Ventilators
- 6.2.3. Transport and Portable Ventilators
- 6.3. Market Analysis, Insights and Forecast – By Interface
- 6.3.1. Invasive Ventilators
- 6.3.2. Non-invasive Ventilators
- 6.4. Market Analysis, Insights and Forecast – By End-User
- 6.4.1. Home care
- 6.4.2. Hospitals and Clinics
- 6.4.3. Ambulatory Surgical Centers
- 6.5. Market Analysis, Insights and Forecast – By Country
- 6.5.1. U.S.
- 6.5.2. Canada
7. Europe Mechanical Ventilators Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Product Type
- 7.2.1. Critical Care Ventilators
- 7.2.2. Neonatal Ventilators
- 7.2.3. Transport and Portable Ventilators
- 7.3. Market Analysis, Insights and Forecast – By Interface
- 7.3.1. Invasive Ventilators
- 7.3.2. Non-invasive Ventilators
- 7.4. Market Analysis, Insights and Forecast – By End-User
- 7.4.1. Home care
- 7.4.2. Hospitals and Clinics
- 7.4.3. Ambulatory Surgical Centers
- 7.5. Market Analysis, Insights and Forecast – By Country
- 7.5.1. UK
- 7.5.2. Germany
- 7.5.3. France
- 7.5.4. Italy
- 7.5.5. Spain
- 7.5.6. Russia
- 7.5.7. Rest of Europe
8. Asia Pacific Mechanical Ventilators Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Product Type
- 8.2.1. Critical Care Ventilators
- 8.2.2. Neonatal Ventilators
- 8.2.3. Transport and Portable Ventilators
- 8.3. Market Analysis, Insights and Forecast – By Interface
- 8.3.1. Invasive Ventilators
- 8.3.2. Non-invasive Ventilators
- 8.4. Market Analysis, Insights and Forecast – By End-User
- 8.4.1. Home care
- 8.4.2. Hospitals and Clinics
- 8.4.3. Ambulatory Surgical Centers
- 8.5. Market Analysis, Insights and Forecast – By Country
- 8.5.1. China
- 8.5.2. India
- 8.5.3. Japan
- 8.5.4. Australia
- 8.5.5. South East Asia
- 8.5.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Mechanical Ventilators Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Product Type
- 9.2.1. Critical Care Ventilators
- 9.2.2. Neonatal Ventilators
- 9.2.3. Transport and Portable Ventilators
- 9.3. Market Analysis, Insights and Forecast – By Interface
- 9.3.1. Invasive Ventilators
- 9.3.2. Non-invasive Ventilators
- 9.4. Market Analysis, Insights and Forecast – By End-User
- 9.4.1. Home care
- 9.4.2. Hospitals and Clinics
- 9.4.3. Ambulatory Surgical Centers
- 9.5. Market Analysis, Insights and Forecast – By Country
- 9.5.1. Brazil
- 9.5.2. Saudi Arabia
- 9.5.3. UAE
- 9.5.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Teleflex Incorporated
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. VYAIRE
- 10.6. Dragerwerk AG & Co. KGaA
- 10.7. GE Healthcare
- 10.8. Medtronic plc
- 10.9. Koninklijke Philips N.V.
- 10.10. Smiths Medical
- 10.11. ResMed Inc.
- 10.12. Bunnell Inc.
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
