
Ventilators Market by Mobility (Intensive Care Ventilator, Portable Ventilator), Mode (Dual or Combined Mode Ventilation, Pressure Mode Ventilation, Volume Mode Ventilation), Type, Interface, End User - Global Forecast 2024-2030
Description
Ventilators Market by Mobility (Intensive Care Ventilator, Portable Ventilator), Mode (Dual or Combined Mode Ventilation, Pressure Mode Ventilation, Volume Mode Ventilation), Type, Interface, End User - Global Forecast 2024-2030
The Ventilators Market size was estimated at USD 3.63 billion in 2023 and expected to reach USD 3.85 billion in 2024, at a CAGR 6.22% to reach USD 5.54 billion by 2030.
A ventilator is a medical device that provides artificial respiration or assisted breathing to patients experiencing respiratory failure. It plays an essential role in managing severely ill patients, including those suffering from severe lung diseases, neurological conditions, and trauma-related injuries. The novel coronavirus primarily targets the respiratory system, leading to pneumonia-like symptoms that can progress into acute respiratory failure requiring mechanical ventilation for survival. The increasing incidence of respiratory diseases and post-surgical care has led to a rise in the requirement for ventilators, particularly in home care settings. There are initiatives to deploy ventilators in hospitals and defense areas to ensure adequate healthcare support. However, technical limitations of ventilators have hindered their compatibility with certain disease states. The industry has witnessed some product recalls, which focus on the need for strict quality control measures. The introduction of intelligent ventilators with advanced features is expected to improve patient outcomes and increase efficiency. Favorable government approvals for medical ventilators provide an encouraging environment for innovation and growth in the industry.
Regional Insights
In the Americas, specifically in North America, the market for ventilators grew during the pandemic's peak and has continued to observe requirements owing to the rising cases of post-surgery care. Regional players expanded their production capacities and introduced advanced intelligent ventilators to meet the rising equipment requirements. Asia witnessed an abrupt increase in the need for ventilators during early 2020, which encouraged new regional companies to enter the market. The region portrays a diverse market with variations in healthcare infrastructure. Countries such as China and Japan have well-established medical equipment manufacturing companies, while others are developing rapidly. Asian firms seized this opportunity by expanding their manufacturing capabilities to cater to domestic needs and to export ventilators worldwide. In Europe, Italy, Spain, and the United Kingdom, with an emphasis on advancing healthcare infrastructure with frequent medical equipment upgrades, including ventilators. The region has a mature healthcare market with strong regulations on ventilator quality. Market players in the region are working on developing advanced ventilator technologies supported by government funding.
Market Insights
Market Dynamics
The market dynamics represent an ever-changing landscape of the Ventilators Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.
Market Drivers
- Prevalence of respiratory diseases and surgical procedures
- Increased availability and utility of portable ventilators in homecare settings
- Initiatives for the deployment of ventilators in hospitals and defense areas
- Unfavorable product recalls
- Introduction of intelligent ventilators with advanced features
- Attractive reimbursement and Favorable government approvals for medical ventilators
- Technical limitations of ventilators and incompatibility for certain disease states
- Mobility: Need for advanced intensive care ventilators for critical care settings
- Mode: Preference for dual or combined mode ventilation to provide optimal respiratory support
- Type: Improvements in operations of neonatal ventilators to enable gentle support that safeguards against complications from immature lungs and fragile airways
- Interface: Adoption of non-invasive ventilation owing to their low complication and risks
- End User: Requirement for highly versatile ventilators with numerous advanced features in hospitals
- Porter’s Five Forces Analysis
- Value Chain & Critical Path Analysis
- Pricing Analysis
- Technology Analysis
- Patent Analysis
- Trade Analysis
- Regulatory Framework Analysis
The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Ventilators Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Ventilators Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Recent Developments
AirLife Completes Acquisition of Avanos Medical’s Respiratory Health Business
AirLife has acquired Avanos Medical's respiratory health business. This strategic move has allowed AirLife to expand its portfolio of trusted anesthesia and respiratory care products. With the addition of three brands, R&D expertise, and two manufacturing facilities, AirLife is now better equipped to support its customers with superior consumable breathing solutions. This acquisition aligns with AirLife's commitment to enhancing its offerings and providing top-notch products for the healthcare industry.
Fisher & Paykel Healthcare Opened New Manufacturing Facility
Fisher & Paykel Healthcare opened their third manufacturing facility in Mexico, the Sánchez Building. This manufacturing facility allows the company to increase the production of ventilators for healthcare solutions. The two-hectare building incorporates several eco-friendly features, including a water reuse system for bathrooms and gardens, high-efficiency air conditioning and lighting, an intelligent parking lot counting system, and spaces designed to promote well-being.
Vexos Acquires ControlTek
Vexos Corporation acquired ControlTek, a custom electronics manufacturing and design services provider in Vancouver, Washington. The ControlTek facility spans 45,000 sq. ft. and boasts three state-of-the-art SMT lines. It specializes in low-to-mid volume, high-mix production for the medical, industrial, and aviation industries. Furthermore, ControlTek offers expertise in electronic design engineering and new product introduction (NPI). This makes it an ideal fit for Vexos, enabling seamless integration and innovation in ventilation.
Strategy Analysis & Recommendation
The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Ventilators Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
Key Company Profiles
The report delves into recent significant developments in the Ventilators Market, highlighting leading vendors and their innovative profiles. These include Abhay Raj International, Acoma Medical Industry Co Ltd., AgVa Healthcare, Air Liquide S.A., ARI Medical Technology Co., Ltd., Avante Health Solutions, aXcent medical GmbH, Baxter International Inc., Beijing Aeonmed Co., Ltd., Bio-Med Devices, Inc., Biosys Biyomedikal Mühendislik A.Ş., Bunnell Incorporated, CorVent Medical Inc., Dima Italia, Drägerwerk AG & Co. KGaA, eVent Medical, Fisher & Paykel Healthcare Limited, Flexicare Medical Limited, Flight-Medical Innovations Ltd., GE HealthCare Technologies, Inc., Getinge AB, Hamilton Medical AG, Hayek Medical by United Hayek Company, Healicom Medical Equipment Co., Ltd., Koninklijke Philips N.V., Leistung Brasil, Löwenstein Medical Innovation GmbH & Co. KG, Medtronic PLC, Nanjing Superstar Medical Equipment Co.,Ltd., Narang Medical Limited, Nihon Kohden Corporation, O-Two Medical Technologies Inc., Resmed, Inc., Schiller AG, Shenzhen Mindray Bio-Medical Electronics Co., Ltd, Siemens AG, Smith Group PLC, SMTC Corporation, Sysadvance–Sistemas de Engenharia, SA, Ventec Life Systems, Inc., Vexos Corporation, Vyaire Medical, Inc., WEINMANN Emergency Medical Technology GmbH + Co. KG, and Zoll Medical Corporation.
Market Segmentation & Coverage
This research report categorizes the Ventilators Market to forecast the revenues and analyze trends in each of the following sub-markets:
- Mobility
- Intensive Care Ventilator
- Portable Ventilator
- Mode
- Dual or Combined Mode Ventilation
- Pressure Mode Ventilation
- Volume Mode Ventilation
- Type
- Adult Ventilator
- Infant or Neonatal Ventilator
- Pediatric Ventilator
- Interface
- Invasive Ventilation
- Non-Invasive Ventilation
- End User
- Ambulatory Surgical Center
- Home Care Setting
- Hospital
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
Please Note: PDF & Excel + Online Access - 1 Year
Table of Contents
195 Pages
- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Language
- 1.6. Stakeholders
- 2. Research Methodology
- 2.1. Define: Research Objective
- 2.2. Determine: Research Design
- 2.3. Prepare: Research Instrument
- 2.4. Collect: Data Source
- 2.5. Analyze: Data Interpretation
- 2.6. Formulate: Data Verification
- 2.7. Publish: Research Report
- 2.8. Repeat: Report Update
- 3. Executive Summary
- 4. Market Overview
- 5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. Prevalence of respiratory diseases and surgical procedures
- 5.1.1.2. Increased availability and utility of portable ventilators in homecare settings
- 5.1.1.3. Initiatives for the deployment of ventilators in hospitals and defense areas
- 5.1.2. Restraints
- 5.1.2.1. Unfavorable product recalls
- 5.1.3. Opportunities
- 5.1.3.1. Introduction of intelligent ventilators with advanced features
- 5.1.3.2. Attractive reimbursement and Favorable government approvals for medical ventilators
- 5.1.4. Challenges
- 5.1.4.1. Technical limitations of ventilators and incompatibility for certain disease states
- 5.2. Market Segmentation Analysis
- 5.2.1. Mobility: Need for advanced intensive care ventilators for critical care settings
- 5.2.2. Mode: Preference for dual or combined mode ventilation to provide optimal respiratory support
- 5.2.3. Type: Improvements in operations of neonatal ventilators to enable gentle support that safeguards against complications from immature lungs and fragile airways
- 5.2.4. Interface: Adoption of non-invasive ventilation owing to their low complication and risks
- 5.2.5. End User: Requirement for highly versatile ventilators with numerous advanced features in hospitals
- 5.3. Market Trend Analysis
- 5.3.1. Well established and advanced healthcare infrastructure supported by the strong supply chain facilitate ventilator import in the Americas
- 5.3.2. Highly organized ventilators market space characterized by strong production and export capacities in the Asia-Pacific
- 5.3.3. Emphasis on expanding local manufacturing of ventilators for advancing healthcare infrastructure across EMEA in support of collaborations between healthcare institutes and global players
- 5.4. Cumulative Impact of High Inflation
- 5.5. Porter’s Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
- 5.6. Value Chain & Critical Path Analysis
- 5.7. Regulatory Framework Analysis
- 6. Ventilators Market, by Mobility
- 6.1. Introduction
- 6.2. Intensive Care Ventilator
- 6.3. Portable Ventilator
- 7. Ventilators Market, by Mode
- 7.1. Introduction
- 7.2. Dual or Combined Mode Ventilation
- 7.3. Pressure Mode Ventilation
- 7.4. Volume Mode Ventilation
- 8. Ventilators Market, by Type
- 8.1. Introduction
- 8.2. Adult Ventilator
- 8.3. Infant or Neonatal Ventilator
- 8.4. Pediatric Ventilator
- 9. Ventilators Market, by Interface
- 9.1. Introduction
- 9.2. Invasive Ventilation
- 9.3. Non-Invasive Ventilation
- 10. Ventilators Market, by End User
- 10.1. Introduction
- 10.2. Ambulatory Surgical Center
- 10.3. Home Care Setting
- 10.4. Hospital
- 11. Americas Ventilators Market
- 11.1. Introduction
- 11.2. Argentina
- 11.3. Brazil
- 11.4. Canada
- 11.5. Mexico
- 11.6. United States
- 12. Asia-Pacific Ventilators Market
- 12.1. Introduction
- 12.2. Australia
- 12.3. China
- 12.4. India
- 12.5. Indonesia
- 12.6. Japan
- 12.7. Malaysia
- 12.8. Philippines
- 12.9. Singapore
- 12.10. South Korea
- 12.11. Taiwan
- 12.12. Thailand
- 12.13. Vietnam
- 13. Europe, Middle East & Africa Ventilators Market
- 13.1. Introduction
- 13.2. Denmark
- 13.3. Egypt
- 13.4. Finland
- 13.5. France
- 13.6. Germany
- 13.7. Israel
- 13.8. Italy
- 13.9. Netherlands
- 13.10. Nigeria
- 13.11. Norway
- 13.12. Poland
- 13.13. Qatar
- 13.14. Russia
- 13.15. Saudi Arabia
- 13.16. South Africa
- 13.17. Spain
- 13.18. Sweden
- 13.19. Switzerland
- 13.20. Turkey
- 13.21. United Arab Emirates
- 13.22. United Kingdom
- 14. Competitive Landscape
- 14.1. Market Share Analysis, 2023
- 14.2. FPNV Positioning Matrix, 2023
- 14.3. Competitive Scenario Analysis
- 14.3.1. AirLife Completes Acquisition of Avanos Medical’s Respiratory Health Business
- 14.3.2. Fisher & Paykel Healthcare Opened New Manufacturing Facility
- 14.3.3. Vexos Acquires ControlTek
- 14.3.4. Medline Adds Ventilator Flight 60 to Respiratory Portfolio
- 14.3.5. XRP Healthcare and Spiritus Medical Partner to Revolutionize Healthcare in Africa
- 14.3.6. FDA Clears Three Dräger Ventilators
- 14.3.7. Getinge Receives U.S. FDA 510(k) Clearance for Servo-air Lite
- 14.3.8. Getinge Launches New Ventilator
- 14.3.9. Concordance Healthcare Solutions Announces Partnership with CorVent Medical, Inc.
- 15. Competitive Portfolio
- 15.1. Key Company Profiles
- 15.2. Key Product Portfolio
Pricing
Currency Rates
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