Mechanical Ventilators Market Size, Share & Trends Report

Mechanical Ventilators Market Size, Share & Trends Analysis Report By Product (Critical Care, Neonatal, Transport & Portable), By Region (Latin America, North America, APAC, Europe, MEA), And Segment Forecasts, 2019 - 2026

  • Published Date: Mar, 2019
  • Base Year for Estimate: 2018
  • Report ID: 978-1-68038-543-4
  • Format: Electronic (PDF)
  • Historical Data: 2015 - 2017
  • Number of Pages: 150

Industry Insights

The global mechanical ventilators market size was valued at USD 4.30 billion in 2018 and is expected to record a CAGR of 6.6% during the forecast period. Increasing cases of respiratory emergencies and Chronic Obstructive Pulmonary Disease (COPD) are the major factors augmenting the market growth. According to the WHO, in 2016, 251 million people suffered from moderate to severe COPD. Moreover, technological innovations in respiratory care devices contributes to the market expansion. The advent of patient-friendly, cost-effective, and portable devices further encourages their usage.

In addition, supportive government initiatives, especially in emerging economies, will fuel the market development. Manufacturers and assemblers in emerging economies, such as India and China, are focusing on creating cost-efficient, non-invasive ventilation solutions to cater to the local needs and provide flexibility in patient care. Developments, in terms of efficiency, design, and safety resulted in significant benefits, such as improved weaning, better gas exchange, better oxygenation, and least damage to the lungs.

China mechanical ventilators market

Moreover, integration of high-speed signal processing and on-board intelligent firmware in mechanical ventilation offers other benefits, such as minimal adverse effects on systemic and pulmonary circulation. Increasing target population base requiring long-term treatment for chronic respiratory conditions is expected to drive the demand. As per the report published by United Nations in 2017, the global geriatric population was around 962 million and it is anticipated to reach over 2.1 billion by 2050.

Improving healthcare infrastructure in emerging economies along with rising awareness about the available treatments for chronic respiratory diseases led to rapid adoption of mechanical ventilators in these countries boosting the overall market growth. Increasing government support, awareness level, disposable income, and private funding for prevention and efficient treatment of respiratory diseases are expected to drive the market over the forecast period. Increasing need for emergency treatment for prolonged illnesses and protracted treatment associated with lung diseases in children and adults are further expected to drive the market.

Product Insights

On the basis of product, the market has been segmented into critical care, neonatal, transport and portable, and others. Critical care ventilators led the market in 2018 due to their extensive usage in hospitals. Hospitals are encouraging the usage of portable ventilators to provide convenient and faster care. Thus, rising number of hospitals is also expected to fuel the segment growth.

Global mechanical ventilators market

Demand for transport and portable products is experiencing steep growth owing to their efficiency and variety of applications in different care delivery settings ranging from home care to ambulatory centers. Rapidly expanding Point-of-Care (PoC) treatment market and increasing cases of medical emergencies are likely to propel the segment growth. Advent of highly compact and robust ventilators providing high-performance is expected to impel the segment development. The neonatal segment is also projected to have a considerable growth over the years to come.

Regional Insights

Asia Pacific is considered to be the most lucrative regional market for mechanical ventilators owing to increasing cases of chronic respiratory diseases, rising healthcare expenditure and tax benefits provided by the regional governments. Moreover, infrastructural development and improved healthcare policies promoting better care provision will drive the regional market further. China’s Five Year Plan from 2016 includes various healthcare reforms that support the expansion of the market within the region. According to various economic reports, over the next seven years, the healthcare spending per capita is expected to rise in this region, providing huge growth opportunities for the global market.

Europe is also anticipated to register a lucrative growth during the forecast period due to a significant rise in the cases of COPD. According to the European Lung Foundation, each year, around 2 to 3 lack deaths occur because of COPD. Presence of major companies, such as GE Healthcare and Draeger, in Europe will also help spur the region’s growth. North America accounted for the largest market share in 2018 and is estimated to maintain the dominance over the coming years. Moreover, rising geriatric population in the U.S. is leading to the increasing incidences of respiratory disorders, which further boosts the market growth.

Mechanical Ventilators Market Share Insights

Some of the prominent companies in the global market include Draeger Medical, GE Healthcare, Maquet Holding B.V. and Co. KG, Koninklijke Philips N.V., Teleflex, and Smiths Medical. These companies are actively involved in product innovations and technological advancements to sustain their position in the market. For example, In August 2017, Koninklijke Philips N.V., launched portable ventilators under the name of Trilogy in North America. It was developed to help clinicians in improving the care levels of ventilated patients. The device can send data to the health care provider and offers remote patient monitoring solution, which can also help in reducing re-admissions in hospitals.

Report Scope

Attribute

Details

Base year for estimation

2018

Actual estimates/Historical data

2015 - 2017

Forecast period

2019 - 2026

Market representation

Revenue in USD Million and CAGR from 2019 to 2026

Regional scope

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa

Country scope

U.S., Canada, Germany, U.K., France, Spain, Italy, China, Japan, India, Thailand, South Korea, Brazil, Mexico, Argentina, Colombia, South Africa, Saudi Arabia, and UAE

Report coverage

Revenue forecast, company share, competitive landscape, growth factors and trends

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Segments Covered in the Report

This report forecasts revenue and volume growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2026. For the purpose of this study, Grand View Research has segmented the global mechanical ventilators market report on the basis of product and region:

  • Product Outlook (Revenue, USD Million, 2015 - 2026)

    • Critical Care

      • Ventilators

      • Accessories

    • Neonatal

      • Ventilators

      • Accessories

    • Transport & Portable

      • Ventilators

      • Accessories

    • Others

  • Regional Outlook (Revenue, USD Million, 2015 - 2026)

    • North America

      • U.S.

      • Canada

    • Europe

      • Germany

      • U.K.

      • France

      • Spain

      • Italy

    • Asia Pacific

      • China

      • Japan

      • India

      • Thailand

      • South Korea

    • Latin America

      • Brazil

      • Mexico

      • Argentina

      • Colombia

    • Middle East & Africa

      • South Africa

      • Saudi Arabia

      • UAE

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