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01

Executive Summary

Global Mechanical Ventilators Market Size, 2017-2026 (USD Billion)
Global Mechanical Ventilators Market Size, 2017-2026 (USD Billion)

The global mechanical ventilators market size is expected to grow from USD 7.12 billion in 2020 to USD 9.13 billion by 2026 at a CAGR of 4.2%.

The unprecedented dawn of COVID-19 is expected to increase demand with jumping and mechanical ventilator limits. As per the Emergency Medical Association, the current stock of hospital ventilators in the US is close to 160,000 units by 2020 Q1. An additional 12,700 stocks with Strategic National Stockpile (SNS) will be available in critical condition. More than 6.09 million active cases of COVID-19 since August 2020, and an estimated 960,000 Americans in need of mechanical assistance to breathe during the epidemic, according to the American Association for Respiratory Care. Mechanical ventilators are therefore experiencing a sudden increase in demand by 2020.

Sensible measures taken by the government and manufacturers to prevent the early outbreak of the epidemic have led to the introduction of mechanical ventilators at an alarming rate. However, mechanical ventilators' coronavirus wave is expected to start in mid-2021 or 2022, thanks to the development of a Covid-19 vaccine that is effective in treating effective and moderate symptoms of infection. In addition, there is an expected decrease in the rate of coronavirus infection due to high awareness among humans and adherence to physical isolation pathways.

To curb the spread of the disease, governments in various countries have taken drastic measures that include segregation from society. In an acceptable move, the US FDA has temporarily withdrawn its enforcement and testing requirements, which could help manufacturers in various industries build much-needed equipment for mechanical ventilators and other critical care equipment. Supportive and timely government policies are expected to provide a platform for the growth of this market in the next financial year; thus, it has contributed to the growth rate in the forecast year.

Increased incidence of Chronic Obstructive Pulmonary Disease (COPD), rapid growth in the elderly, technological advancement, and an increase in respiratory emergency medical equipment are major factors that will drive the market during the forecast period. The advent of the patient, inexpensive, and portable devices further enhances their use.

An increase in the number of people in need of long-term ventilation is expected to further the need for health facilities that provide long-term treatment for chronic respiratory conditions. The growing demand for urgent treatment for chronic diseases and long-term treatment for lung diseases in children and adults is expected to further market growth.

The widespread emergence of mechanical ventilators for efficiency, design, safety has resulted in many important benefits such as improved weaning, better gas exchange, better oxygen delivery, and fewer lung damage. The combination of high-speed signal processing and intelligent onboard firmware in the air intake system has led to the provision of other benefits such as minor side effects and lower side effects in the circulatory system and lungs.

In terms of revenue, critical care ventilators dominated the market in 2020, due to high availability and the level of hospitalization. Sensitive care ventilators are widely used in intensive care units in the hospital. The increase in the number of hospitals during the forecast period is expected to stabilize market growth.

The demand for transport and the portable mechanical ventilator is growing exponentially due to their different efficiency of applications in different care delivery settings. Use of transport equipment and portable ventilators ranging from home care to ambulance facilities. Growth in the medical point market and the increase in medical emergencies is key factor in segment growth. Hospitals are promoting the use of portable ventilators to provide easier and faster care for patients from the ambulance to the hospital bed. Portable ventilators encourage patients to receive home care, which is why they increase your popularity.

The development of a production system and technology leading to the development of more integrated, robust, and smaller ventilators that provide high performance is expected to further partial growth. The development of newborns will continue due to the increase in female fertility rates and the increase in the age of birth by the different races. The rise in neonatal mortality and increasing cases of premature births with respiratory disorders are expected to boost the market growth of half of the newborns in the coming years. Each year 15 million births occur with complications that lead to death.

Ventilator accessories include breathing circuits, endotracheal tubes, respiratory masks, expiratory valves, humidifiers, etc. Increased use of these devices to control respiratory-related pneumonia contributes to the beneficial growth of ventilator accessories in the coming years.

North America dominated the mechanical ventilators market in 2020. The growing number of COVID-19 critical patients in the US (4,813,647 as of 3 August 2020) and the presence of leading manufacturers are due to this regime. In addition, American automobile operators such as Tesla, Ford, and GM have switched to manufacturing medical devices such as masks, machine ventilators, and other medical equipment. This, too, is expected to provide a track record of significant growth in the regional market in the next financial markets.

In the Asia Pacific, the market is expected to witness a significant growth rate during the forecast period due to increased COVID-19 cases, chronic respiratory infections, rising health care costs, and various interactions with strategic agreements. For example, Air Liquide, in 2017, acquired OxyMaster and Sogo Sangyo Kabushiki Kaisha to expand the portfolio of home healthcare products across the Asia Pacific.

Also, growth in the region is due to the development of infrastructure and health care policies that promote better care provided to individuals. The growing trend of lifestyle practices such as smoking and the development of allergies that accelerate the number of cases of respiratory disorders further exacerbate market growth. China's Five Year Plan from 2016 incorporates a variety of health care reforms that support market growth within the region. Over the next seven years, according to various economic reports, the cost of per capita health care is expected to rise in developing countries on the continent, which provides significant market benefits.

The prominent players in the mechanical ventilator market are Medtronic, Drägerwerk AG & Co. KGaA, Getinge AB, Vyaire Medical Inc., GE Healthcare, Koninklijke Philips N.V., Hamilton Medical, and Smiths Medical.

  • Revenue Share (%), By Product (2019)
    Revenue Share (%), By Product (2019)
  • Revenue Share (%), By Region (2019)
    Revenue Share (%), By Region (2019)
02

Market Overview

  • The base currency considered was the US Dollar (USD). Conversion of other currencies to USD was considered on the basis of the average exchange rate for the respective review-period years. The exchange rate conversion for forecast period was determined according to the base year’s conversion rates.
  • The base year was identified based on the availability of annual reports and secondary information. The base year considered for this study is 2027.
  • The review period considered for this study is from 2018-2027. The CAGR is for the forecast period, 2022-2027.
  • Market size estimations for the forecast years were in real terms. Inflation is not part of the pricing, and the average selling price (ASP) was kept constant throughout the forecast period for each country.
  • Distribution of primary interviews conducted was based on the regional share of the market and the presence of key players in each region.
  • As a result of data triangulation through multiple methodologies and approaches, the weighted averages of resulting estimates were considered to be the final values.
  • The currency used in this report is USD, with the market size indicated in terms of USD million/billion.
  • For companies reporting their revenues in USD, the revenues were taken from their respective annual reports/SEC filings.
  • For companies reporting their revenues in other currencies, the average annual currency conversion rates were used for a particular year to convert the value to USD Market Definition.
03

By Product

By Product, The global Mechanical Ventilator Market analysis covers Critical care, Neonatal, Others , Transport & portable.

Global Mechanical Ventilators Market Size, By Product, 2017-2026 (USD Billion)
Global Mechanical Ventilators Market Size, By Product, 2017-2026 (USD Billion)

The Critical care segment market was valued at US$ XX Mn in 2019 and grown at XX% CAGR over the historic years (2019 - 2027) to reach US$ XX Mn and is projected to grow at XX% CAGR over the forecast period to reach US$ XX Mn by 2027. The market represented the US$ XX Mn opportunity over 2019 - 2027 and estimated to create US$ XX Mn opportunity over 2019 - 2027.

Critical care: global Mechanical Ventilator Market Revenue Opportunity (Us$ Mn)
Critical care: global Mechanical Ventilator Market Revenue Opportunity (Us$ Mn)

The Neonatal segment market was valued at US$ XX Mn in 2019 and grown at XX% CAGR over the historic years (2019 - 2027) to reach US$ XX Mn and is projected to grow at XX% CAGR over the forecast period to reach US$ XX Mn by 2027. The market represented the US$ XX Mn opportunity over 2019 - 2027 and estimated to create US$ XX Mn opportunity over 2019 - 2027.

Neonatal: global Mechanical Ventilator Market Revenue Opportunity (Us$ Mn)
Neonatal: global Mechanical Ventilator Market Revenue Opportunity (Us$ Mn)

The Others segment market was valued at US$ XX Mn in 2019 and grown at XX% CAGR over the historic years (2019 - 2027) to reach US$ XX Mn and is projected to grow at XX% CAGR over the forecast period to reach US$ XX Mn by 2027. The market represented the US$ XX Mn opportunity over 2019 - 2027 and estimated to create US$ XX Mn opportunity over 2019 - 2027.

Others : global Mechanical Ventilator Market Revenue Opportunity (Us$ Mn)
Others : global Mechanical Ventilator Market Revenue Opportunity (Us$ Mn)

The Transport & portable segment market was valued at US$ XX Mn in 2019 and grown at XX% CAGR over the historic years (2019 - 2027) to reach US$ XX Mn and is projected to grow at XX% CAGR over the forecast period to reach US$ XX Mn by 2027. The market represented the US$ XX Mn opportunity over 2019 - 2027 and estimated to create US$ XX Mn opportunity over 2019 - 2027.

Transport & portable: global Mechanical Ventilator Market Revenue Opportunity (Us$ Mn)
Transport & portable: global Mechanical Ventilator Market Revenue Opportunity (Us$ Mn)
08

Middle East & Africa

Based on the Middle East & Africa, the Mechanical Ventilator Market analysis covers Middle East, Africa, Rest of Middle East & Africa.

Middle East & Africa Map
Middle East & Africa Mechanical Ventilator Market Size, 2019-2027 (Us$ Mn)
Middle East & Africa Mechanical Ventilator Size, 2019-2027 (Us$ Mn)
Middle East & Africa Mechanical Ventilator Market - Historical, Forecast Market Sizes (US$ MN), By Product, 2019-2027
Middle East & Africa Mechanical Ventilator Market - Historical, Forecast Market Sizes (US$ MN), By Product, 2019-2027
Middle East Mechanical Ventilator Market - Historical, Forecast Market Sizes (US$ MN), By Product, 2019-2027
Middle East Mechanical Ventilator Market - Historical, Forecast Market Sizes (US$ MN), By Product, 2019-2027
Africa Mechanical Ventilator Market - Historical, Forecast Market Sizes (US$ MN), By Product, 2019-2027
Africa Mechanical Ventilator Market - Historical, Forecast Market Sizes (US$ MN), By Product, 2019-2027
Rest of Middle East & Africa Mechanical Ventilator Market - Historical, Forecast Market Sizes (US$ MN), By Product, 2019-2027
Rest of Middle East & Africa Mechanical Ventilator Market - Historical, Forecast Market Sizes (US$ MN), By Product, 2019-2027
08

North America

Based on the North America, the Mechanical Ventilator Market analysis covers United States, Canada.

North America Map
North America Mechanical Ventilator Market Size, 2019-2027 (Us$ Mn)
North America Mechanical Ventilator Size, 2019-2027 (Us$ Mn)
North America Mechanical Ventilator Market - Historical, Forecast Market Sizes (US$ MN), By Product, 2019-2027
North America Mechanical Ventilator Market - Historical, Forecast Market Sizes (US$ MN), By Product, 2019-2027
United States Mechanical Ventilator Market - Historical, Forecast Market Sizes (US$ MN), By Product, 2019-2027
United States Mechanical Ventilator Market - Historical, Forecast Market Sizes (US$ MN), By Product, 2019-2027
Canada Mechanical Ventilator Market - Historical, Forecast Market Sizes (US$ MN), By Product, 2019-2027
Canada Mechanical Ventilator Market - Historical, Forecast Market Sizes (US$ MN), By Product, 2019-2027
08

Asia-Pacific

Based on the Asia-Pacific, the Mechanical Ventilator Market analysis covers China, Japan, India, Southeast Asia, Australia & New Zealand, Rest of Asia-Pacific.

Asia-Pacific Map
Asia-Pacific Mechanical Ventilator Market Size, 2019-2027 (Us$ Mn)
Asia-Pacific Mechanical Ventilator Size, 2019-2027 (Us$ Mn)
Asia-Pacific Mechanical Ventilator Market - Historical, Forecast Market Sizes (US$ MN), By Product, 2019-2027
Asia-Pacific Mechanical Ventilator Market - Historical, Forecast Market Sizes (US$ MN), By Product, 2019-2027
China Mechanical Ventilator Market - Historical, Forecast Market Sizes (US$ MN), By Product, 2019-2027
China Mechanical Ventilator Market - Historical, Forecast Market Sizes (US$ MN), By Product, 2019-2027
Japan Mechanical Ventilator Market - Historical, Forecast Market Sizes (US$ MN), By Product, 2019-2027
Japan Mechanical Ventilator Market - Historical, Forecast Market Sizes (US$ MN), By Product, 2019-2027
India Mechanical Ventilator Market - Historical, Forecast Market Sizes (US$ MN), By Product, 2019-2027
India Mechanical Ventilator Market - Historical, Forecast Market Sizes (US$ MN), By Product, 2019-2027
Southeast Asia Mechanical Ventilator Market - Historical, Forecast Market Sizes (US$ MN), By Product, 2019-2027
Southeast Asia Mechanical Ventilator Market - Historical, Forecast Market Sizes (US$ MN), By Product, 2019-2027
Australia & New Zealand Mechanical Ventilator Market - Historical, Forecast Market Sizes (US$ MN), By Product, 2019-2027
Australia & New Zealand Mechanical Ventilator Market - Historical, Forecast Market Sizes (US$ MN), By Product, 2019-2027
Rest of Asia-Pacific Mechanical Ventilator Market - Historical, Forecast Market Sizes (US$ MN), By Product, 2019-2027
Rest of Asia-Pacific Mechanical Ventilator Market - Historical, Forecast Market Sizes (US$ MN), By Product, 2019-2027
08

Latin America

Based on the Latin America, the Mechanical Ventilator Market analysis covers Brazil, Argentina, Mexico, Colombia, Rest of Latin America.

Latin America Map
Latin America Mechanical Ventilator Market Size, 2019-2027 (Us$ Mn)
Latin America Mechanical Ventilator Size, 2019-2027 (Us$ Mn)
Latin America Mechanical Ventilator Market - Historical, Forecast Market Sizes (US$ MN), By Product, 2019-2027
Latin America Mechanical Ventilator Market - Historical, Forecast Market Sizes (US$ MN), By Product, 2019-2027
Brazil Mechanical Ventilator Market - Historical, Forecast Market Sizes (US$ MN), By Product, 2019-2027
Brazil Mechanical Ventilator Market - Historical, Forecast Market Sizes (US$ MN), By Product, 2019-2027
Argentina Mechanical Ventilator Market - Historical, Forecast Market Sizes (US$ MN), By Product, 2019-2027
Argentina Mechanical Ventilator Market - Historical, Forecast Market Sizes (US$ MN), By Product, 2019-2027
Mexico Mechanical Ventilator Market - Historical, Forecast Market Sizes (US$ MN), By Product, 2019-2027
Mexico Mechanical Ventilator Market - Historical, Forecast Market Sizes (US$ MN), By Product, 2019-2027
Colombia Mechanical Ventilator Market - Historical, Forecast Market Sizes (US$ MN), By Product, 2019-2027
Colombia Mechanical Ventilator Market - Historical, Forecast Market Sizes (US$ MN), By Product, 2019-2027
Rest of Latin America Mechanical Ventilator Market - Historical, Forecast Market Sizes (US$ MN), By Product, 2019-2027
Rest of Latin America Mechanical Ventilator Market - Historical, Forecast Market Sizes (US$ MN), By Product, 2019-2027
08

Europe

Based on the Europe, the Mechanical Ventilator Market analysis covers Germany, United Kingdom, France, Spain, Russia, Italy, Rest of Europe.

Europe Map
Europe Mechanical Ventilator Market Size, 2019-2027 (Us$ Mn)
Europe Mechanical Ventilator Size, 2019-2027 (Us$ Mn)
Europe Mechanical Ventilator Market - Historical, Forecast Market Sizes (US$ MN), By Product, 2019-2027
Europe Mechanical Ventilator Market - Historical, Forecast Market Sizes (US$ MN), By Product, 2019-2027
Germany Mechanical Ventilator Market - Historical, Forecast Market Sizes (US$ MN), By Product, 2019-2027
Germany Mechanical Ventilator Market - Historical, Forecast Market Sizes (US$ MN), By Product, 2019-2027
United Kingdom Mechanical Ventilator Market - Historical, Forecast Market Sizes (US$ MN), By Product, 2019-2027
United Kingdom Mechanical Ventilator Market - Historical, Forecast Market Sizes (US$ MN), By Product, 2019-2027
France Mechanical Ventilator Market - Historical, Forecast Market Sizes (US$ MN), By Product, 2019-2027
France Mechanical Ventilator Market - Historical, Forecast Market Sizes (US$ MN), By Product, 2019-2027
Spain Mechanical Ventilator Market - Historical, Forecast Market Sizes (US$ MN), By Product, 2019-2027
Spain Mechanical Ventilator Market - Historical, Forecast Market Sizes (US$ MN), By Product, 2019-2027
Russia Mechanical Ventilator Market - Historical, Forecast Market Sizes (US$ MN), By Product, 2019-2027
Russia Mechanical Ventilator Market - Historical, Forecast Market Sizes (US$ MN), By Product, 2019-2027
Italy Mechanical Ventilator Market - Historical, Forecast Market Sizes (US$ MN), By Product, 2019-2027
Italy Mechanical Ventilator Market - Historical, Forecast Market Sizes (US$ MN), By Product, 2019-2027
Rest of Europe Mechanical Ventilator Market - Historical, Forecast Market Sizes (US$ MN), By Product, 2019-2027
Rest of Europe Mechanical Ventilator Market - Historical, Forecast Market Sizes (US$ MN), By Product, 2019-2027
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