United States Ventilator Market, By Mobility (Intensive Care Ventilators, Portable/Transportable Ventilators), By Interface (Invasive Ventilation, Non-Invasive Ventilation), By Type (Adult/Pediatric Ventilators, Infant/Neonatal Ventilators), By Mode (Comb
Description
United States Ventilator Market, By Mobility (Intensive Care Ventilators, Portable/Transportable Ventilators), By Interface (Invasive Ventilation, Non-Invasive Ventilation), By Type (Adult/Pediatric Ventilators, Infant/Neonatal Ventilators), By Mode (Combined-Mode Ventilation, Volume/Assist-Control Mode Ventilation, Pressure-Mode Ventilation, Other Modes), By End-User (Hospitals & Clinics, Home Care, Ambulatory Care Centers, Emergency Medical Services)Trend Analysis, Competitive Market Share & Forecast, 2018-2028
US Ventilator Market to Continue Growing in Coming Years
The United States ventilator market is growing at a high CAGR because of the increasing number of ICU admission in the country and the launch of new and innovative products by manufacturers. Read on to know more about the trends shaping the ventilator market in the United States…
A recent study, conducted by the strategic consulting and market research firm BlueWeave Consulting, revealed that the United States ventilator market is forecast to grow at a CAGR of around 5% during 2022 - 2028. The demand for ventilators in the United States gained significant traction after the COVID-19 pandemic due to the increasing number of ICU admission in the country. According to the report by the World Health Organization (WHO), the United States recorded over 75 million COVID-19 cases by the end of January 2022. As a result, the demand for ventilators has been surging in the United States during the forecast period.
Launch of New Products Offering Lucrative Growth Opportunities To United States Ventilator Market
With the significant rise in the market demand for ventilators in the United States, manufacturers are launching new products to grab a major portion of the market. They are also establishing partnerships to boost the product portfolio. Philips and the United States government, for example, teamed up to increase the production of ventilators at its factories in the country. NASA also developed a new high-pressure ventilator for the treatment of COVID-19 patients. Such developments are anticipated to drive the United States ventilator market growth during the forecast period.
United States Ventilator Market - By End-User
Based on end-users, the United States ventilator market is segmented into hospitals and clinics, home care, ambulatory care centers, and emergency medical services. Among these, the hospital segment accounts for the largest market share because of the high number of in-patient treatments and an increasing number of surgical procedures carried out in the country. Furthermore, the demand for ventilators witnessed a sharp surge in hospitals after the overwhelming rise in the COVID-19-affected patients. In addition, the high financial capability to purchase heavy medical equipment also contributes to the segment's growth.
United States Ventilator Market - By Mode
Based on modes, the United States ventilator market is segmented into combined-mode ventilation, volume/assist-control mode ventilation, pressure-mode ventilation, and other modes. Among these, the volume/assist-control mode ventilation segment accounts for the largest share as this mode is prominently used in intensive care units and is often performed when patients require respiratory support. Increasing respiratory issues in the United States is fueling the growth of the volume/assist-control mode ventilation segment. Intensive care units mostly use assist-control (AC) mode of ventilators for mechanical ventilation. It provides lower work of breathing and improved comfort to patients with increased and variable respiratory demand. This method uses a fixed tidal volume (VT) delivered by the ventilator at predetermined intervals or when the patient takes a breath.
Impact of COVID-19 on United States Ventilator Market
A sudden COVID-19 outbreak in the United States led to an increase in ICU admissions. COVID-19 adversely affected the function of the lungs, resulting in low oxygen levels in the blood. Therefore, ventilators became necessary to provide respiratory support to the infected patients. With the surging COVID-19 cases in the United States, the demand for ventilators spiked in hospitals and other healthcare facilities. To prevent a shortage of ventilators, the US government ordered manufacturers to increase the production of ventilators, causing the market to grow rapidly.
United States Ventilator Market - Competitive Landscape
The leading players in the United States ventilator market are Airon Corporation, Becton Dickinson and Company, Bio-Med Devices, Inc., Bunnell Incorporated, Cardinal Health, GE Healthcare, Hartwell Medical Corp., Hillrom, Oceanic Medical Products, Inc., United Hayek Industries, Inc., and other prominent players.
The market is highly consolidated and competitive due to the presence of industry giants who lead the market in terms of investment and innovations. The prominent market players consistently launch advanced ventilators with advanced technologies to meet the changing needs of the medical industry. They also significantly invest in expanding their production capacity to meet the market demand for ventilators after the COVID-19 pandemic. Furthermore, the adoption of competitive strategies such as partnerships, mergers, acquisitions, joint ventures, etc., is also prominent in this market.
US Ventilator Market to Continue Growing in Coming Years
The United States ventilator market is growing at a high CAGR because of the increasing number of ICU admission in the country and the launch of new and innovative products by manufacturers. Read on to know more about the trends shaping the ventilator market in the United States…
A recent study, conducted by the strategic consulting and market research firm BlueWeave Consulting, revealed that the United States ventilator market is forecast to grow at a CAGR of around 5% during 2022 - 2028. The demand for ventilators in the United States gained significant traction after the COVID-19 pandemic due to the increasing number of ICU admission in the country. According to the report by the World Health Organization (WHO), the United States recorded over 75 million COVID-19 cases by the end of January 2022. As a result, the demand for ventilators has been surging in the United States during the forecast period.
Launch of New Products Offering Lucrative Growth Opportunities To United States Ventilator Market
With the significant rise in the market demand for ventilators in the United States, manufacturers are launching new products to grab a major portion of the market. They are also establishing partnerships to boost the product portfolio. Philips and the United States government, for example, teamed up to increase the production of ventilators at its factories in the country. NASA also developed a new high-pressure ventilator for the treatment of COVID-19 patients. Such developments are anticipated to drive the United States ventilator market growth during the forecast period.
United States Ventilator Market - By End-User
Based on end-users, the United States ventilator market is segmented into hospitals and clinics, home care, ambulatory care centers, and emergency medical services. Among these, the hospital segment accounts for the largest market share because of the high number of in-patient treatments and an increasing number of surgical procedures carried out in the country. Furthermore, the demand for ventilators witnessed a sharp surge in hospitals after the overwhelming rise in the COVID-19-affected patients. In addition, the high financial capability to purchase heavy medical equipment also contributes to the segment's growth.
United States Ventilator Market - By Mode
Based on modes, the United States ventilator market is segmented into combined-mode ventilation, volume/assist-control mode ventilation, pressure-mode ventilation, and other modes. Among these, the volume/assist-control mode ventilation segment accounts for the largest share as this mode is prominently used in intensive care units and is often performed when patients require respiratory support. Increasing respiratory issues in the United States is fueling the growth of the volume/assist-control mode ventilation segment. Intensive care units mostly use assist-control (AC) mode of ventilators for mechanical ventilation. It provides lower work of breathing and improved comfort to patients with increased and variable respiratory demand. This method uses a fixed tidal volume (VT) delivered by the ventilator at predetermined intervals or when the patient takes a breath.
Impact of COVID-19 on United States Ventilator Market
A sudden COVID-19 outbreak in the United States led to an increase in ICU admissions. COVID-19 adversely affected the function of the lungs, resulting in low oxygen levels in the blood. Therefore, ventilators became necessary to provide respiratory support to the infected patients. With the surging COVID-19 cases in the United States, the demand for ventilators spiked in hospitals and other healthcare facilities. To prevent a shortage of ventilators, the US government ordered manufacturers to increase the production of ventilators, causing the market to grow rapidly.
United States Ventilator Market - Competitive Landscape
The leading players in the United States ventilator market are Airon Corporation, Becton Dickinson and Company, Bio-Med Devices, Inc., Bunnell Incorporated, Cardinal Health, GE Healthcare, Hartwell Medical Corp., Hillrom, Oceanic Medical Products, Inc., United Hayek Industries, Inc., and other prominent players.
The market is highly consolidated and competitive due to the presence of industry giants who lead the market in terms of investment and innovations. The prominent market players consistently launch advanced ventilators with advanced technologies to meet the changing needs of the medical industry. They also significantly invest in expanding their production capacity to meet the market demand for ventilators after the COVID-19 pandemic. Furthermore, the adoption of competitive strategies such as partnerships, mergers, acquisitions, joint ventures, etc., is also prominent in this market.
Table of Contents
119 Pages
- 1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Key Market Segments
- 2. Research Methodology
- 2.1. Qualitative Research
- 2.2. Methodology
- 2.3. Regional Split of Primary & Secondary Research
- 2.4. Secondary Research
- 2.5. Primary Research
- 2.5.1. Breakdown of Primary Research Respondents, By Region
- 2.5.2. Breakdown of Primary Research Respondents, By Industry Participants
- 2.6. Market Size Estimation
- 2.7. Assumptions for the Study
- 2.8. Market Breakdown & Data Triangulation
- 3. Executive Summary
- 4. Industry Insight and Growth Strategy
- 4.1. Value Chain Analysis
- 4.2. DROC Analysis
- 4.2.1. Market Drivers
- 4.2.1.1. Rising Prevalence of Respiratory Diseases
- 4.2.1.2. Technological Advancements in Ventilators
- 4.2.2. Market Restraints
- 4.2.2.1. Surplus in Ventilator Production in The United States
- 4.2.3. Market Challenges
- 4.2.3.1. High Cost of Ventilators
- 4.2.4. Market Opportunity
- 4.2.4.1. Launch of New Products
- 4.2.4.2. Positive Impact of the COVID-19 Pandemic
- 4.3. Recent Developments
- 4.4. Porter’s Five Forces Analysis
- 4.4.1. Bargaining Power of Buyers
- 4.4.2. Bargaining Power of Suppliers
- 4.4.3. Intensity of Rivalry
- 4.4.4. Threat of New Entrants
- 4.4.5. Threat of Substitutes
- 5. United States Ventilator Market Overview
- 5.1. Market Size & Forecast by Value, 2018-2028
- 5.2. Market Size and Forecast, By Segment
- 5.2.1. By Mobility
- 5.2.1.1. Intensive Care Ventilators
- 5.2.1.1.1. High-End ICU Ventilators
- 5.2.1.1.2. Mid-End ICU Ventilators
- 5.2.1.1.3. Basic ICU Ventilators
- 5.2.1.2. Portable/Transportable Ventilators
- 5.2.2. By Interface
- 5.2.2.1. Invasive Ventilation
- 5.2.2.2. Non-Invasive Ventilation
- 5.2.3. By Type
- 5.2.3.1. Adult/Pediatric Ventilators
- 5.2.3.2. Infant/Neonatal Ventilators
- 5.2.4. By Mode
- 5.2.4.1. Combined-Mode Ventilation
- 5.2.4.2. Volume-Mode Ventilation
- 5.2.4.3. Pressure-Mode Ventilation
- 5.2.4.4. Other Modes
- 5.2.5. By End-User
- 5.2.5.1. Hospitals and Clinics
- 5.2.5.2. Home Care
- 5.2.5.3. Ambulatory Care Centers
- 5.2.5.4. Emergency Medical Services
- 6. Competitive Landscape
- 6.1. List of Key Players and Their Offerings
- 6.2. Market Share Analysis (2021)
- 6.3. Competitive Benchmarking by Operating Parameters
- 7. Impact of COVID-19 on United States Ventilator Market
- 8. Company Profiles (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *
- 8.1. Airon Corporation
- 8.2. Becton Dickinson and Company
- 8.3. Bio-Med Devices, Inc.
- 8.4. Bunnell Incorporated
- 8.5. Cardinal Health
- 8.6. GE Healthcare
- 8.7. Hartwell Medical Corp.
- 8.8. Hillrom
- 8.9. Oceanic Medical Products, Inc.
- 8.10. United Hayek Industries, Inc.
- 8.11. Other Prominent Players
- 9. Key Strategic Recommendations
- List of Figures
- Figure 1: United States Ventilator Market Segmentation
- Figure 2: United States Ventilator Market Value Chain Analysis,
- Figure 3: Company Market Share Analysis, 2021
- Figure 4: United States Ventilator Market Size, By Value (USD Million), 2018-2028
- Figure 5: United States Ventilator Market Share (%), By Mobility, By Value, 2018-2028
- Figure 6: United States Ventilator Market Share (%), By Interface, By Value, 2018-2028
- Figure 7: United States Ventilator Market Share (%), By Type, By Value, 2018-2028
- Figure 8: United States Ventilator Market Share (%), By Mode, By Value, 2018-2028
- Figure 9: United States Ventilator Market Share (%), By End-User, By Value, 2018-2028
- List of Tables
- Table 1: United States Ventilator Market Size, By Mobility, By Value, 2018-2028
- Table 2: United States Ventilator Market Size, By Interface, By Value, 2018-2028
- Table 3: United States Ventilator Market Size, By Type, By Value, 2018-2028
- Table 4: United States Ventilator Market Size, By Mode, By Value (USD Million), 2018-2028
- Table 5: United States Ventilator Market Size, By End-User, By Value (USD Million), 2018-2028
- Table 6: Airon Corporation Financial Analysis
- Table 7: Airon Corporation Business Overview
- Table 8: Becton Dickinson and Company Financial Analysis
- Table 9: Becton Dickinson and Company Business Overview
- Table 10: Bio-Med Devices, Inc. Financial Analysis
- Table 11: Bio-Med Devices, Inc. Business Overview
- Table 12: Bunnell Incorporated Financial Analysis
- Table 13: Bunnell Incorporated Business Overview
- Table 14: Cardinal Health Financial Analysis
- Table 15: Cardinal Health Business Overview
- Table 16: GE Healthcare Financial Analysis
- Table 17: GE Healthcare Business Overview
- Table 18: Hartwell Medical Corp. Financial Analysis
- Table 19: Hartwell Medical Corp. Business Overview
- Table 20: Hillrom Financial Analysis
- Table 21: Hillrom Business Overview
- Table 22: Oceanic Medical Products, Inc. Financial Analysis
- Table 23: Oceanic Medical Products, Inc. Business Overview
- Table 24: United Hayek Industries, Inc. Financial Analysis
- Table 25: United Hayek Industries, Inc. Business Overview
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