Ventilators Market is expected to reach US$ 9,098.32 million by 2028

Publisher: The Insight Partners

The ventilators market is projected to reach US$ 9,098.32 million by 2028; registering at a CAGR of 9.0% from 2022 to 2028, according to a new research study conducted by The Insight Partners

Combined Mode Ventilation Segment Dominated Ventilators Market in 2021

The market growth is attributed to the rise in the prevalence of respiratory diseases and rapid growth in the geriatric population. Additionally, the growing demand for portable and compact ventilators with enhanced functionalities is likely to emerge as significant market trend during the forecast period. However, the complications associated with the use of ventilators are restraining the market growth.

Growing Prevalence of Respiratory Diseases Drives Market Growth

Respiratory diseases such as chronic obstructive pulmonary disease (COPD), asthma, acute lower respiratory tract infections, tuberculosis, and lung cancer are among the most common causes of severe illness and death globally. Urbanization, rise in pollution, unhealthy lifestyle habits, and high prevalence of tobacco smoking are among the factors leading to the surge in the number of respiratory and cardiovascular disease cases. These diseases can cause acute respiratory failure, and its treatment requires mechanical ventilation. According to the National Center for Biotechnology Information, COPD is a disease spectrum that includes bronchitis and emphysema. It is becoming a significant health and economic problem worldwide; Further, COPD is expected to become the leading cause of death worldwide in the next 15 years. According to the National Center for Biotechnology Information, 2018, the economic impact of COPD in LMICs is expected to increase to US$ 2.15 (£ 1.7) trillion by 2030. As per the Office of Disease Prevention and Health Promotion, ~14.8 million adults in the US were diagnosed with COPD in 2020. The National Health Service states that ~1.17 million people in the UK were diagnosed with COPD in 2021, i.e., ~1.9% of the total population.  The Global Asthma Report states that ~300 million people have asthma worldwide, and the estimates indicate this number will increase by 100 million people by 2025.

Ventilators Market, by Region, 2021 (%)

To get free sample copy of the report, along with the TOC, Statistics, and Tables please visit @ https://www.theinsightpartners.com/sample/TIPRE00008508

Source: The Insight Partners Analysis

A ventilator assists the patient suffering from respiratory diseases and other such disorders in breathing as these disorders make breathing difficult or impossible. Thus, the growing prevalence of respiratory diseases is increasing the demand for ventilators, thus fueling the market growth.

Growing Demand for Portable and Compact Ventilators with Enhanced Functionalities to Fuel Market Growth in Coming Years

The introduction of portable ventilators is a major technological advancement in ventilators. These ventilators improve critical care transports by reducing transport-related adverse events, thereby ensuring that the patients arrive safely at the destination; providing control over tidal volume and respiratory rate; monitoring time for medical treatments, drugs, surgery, and procedures; monitor oxygen levels; and allowing rescue teams to address the needs of other patients. A portable ventilator is a lightweight, robust device that consists of oxygen and battery supplies. It requires minimal maintenance. These ventilators are inexpensive, simple to operate, and provide a range of useful ventilatory modes. List of situations in which these ventilators are used is given below.

• primary transfer from an accident scene
• secondary transfer between healthcare facilities
• domiciliary ventilation
• improvised intensive care facilities, for example, military field hospitals and civilian contingency planning.

The newest MRI portable ventilators claim to display significant performance improvements with regard to operational accuracy, as well as additional features such as an integrated gaussmeter, superior monitoring capabilities, and advanced modes. 

Based on mode, the ventilators market is segmented into combined mode ventilation, volume mode ventilation, pressure mode ventilation, neurally adjusted ventilatory assists (NAVA), inverse ratio ventilation (IRV), prone ventilation, high-frequency oscillatory ventilation (HFOV), high-frequency percussive ventilation (HFPV), and others. The combined mode ventilation segment held the largest market share in 2021, and it is anticipated to register the highest CAGR during the forecast period. Combined mode ventilators (controlled + spontaneous/supported) are commonly used to provide ventilation and weaning to patients. In combined mode ventilators systems, two sets of sidewall inlets are required—adjustable baffle inlets for mechanical ventilation and sidewall curtains for natural ventilation. The last inlet configuration is required if an evaporative cooling or tunnel ventilation function is included in a hybrid system. Combined mode ventilation refers to a hybrid approach that uses a combination of natural ventilation from operable windows (either manually or automatically controlled) and mechanical systems such as air distribution equipment. A well-designed combined mode ventilation system minimizes cooling loads that integrate the utility of air conditioning with the utility of natural ventilation whenever it is feasible or desirable, thus maximizing comfort by avoiding significant energy use and reducing operating costs.

Vyaire Medical Inc, Getinge AB, Dragerwerk AG & Co. KGaA, Fisher and Paykel Healthcare, General Electric Co, Hamilton Medical, Koninklijke Philips NV, Medtronic Plc, ResMed Inc, and BPL Medical Technologies are a few of the key companies operating in the ventilators market.

The report segments the ventilators market as follows:

The global ventilators market is segmented on the basis of mobility, clinical indication, patients, mode, interface, end user, and geography. Based on mobility, the ventilators market is bifurcated into intensive care ventilators and portable/transportable ventilators. Based on clinical indication, the ventilators market is segmented into medical-in general, trauma, neurological, surgical, and others. Based on patients, the ventilators market is bifurcated into adult and pediatric & neonatal. Based on mode, the ventilators market is segmented into combined mode ventilation, volume mode ventilation, pressure mode ventilation, neurally adjusted ventilatory assists (NAVA), inverse ratio ventilation (IRV), prone ventilation, high-frequency oscillatory ventilation (HFOV), high-frequency percussive ventilation (HFPV), and others. Based on interface, the ventilators market is bifurcated into invasive and non-invasive. Based on end user, the ventilators market is segmented into hospitals & clinics, home care, ambulatory care centers, and emergency medical services (EMS).

Based on geography, the ventilators market is segmented into North America (US, Canada, and Mexico), Europe (UK, Germany, France, Italy, Spain, and Rest of Europe), Asia Pacific (China, Japan, India, Australia, South Korea, and Rest of Asia Pacific), the Middle East & Africa (UAE, Saudi Arabia, Africa, and Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and Rest of South & Central America).

Contact Us
Contact Person: Content Team 
Phone: +1-646-491-9876
Email Id: sales@theinsightpartners.com