Ventilators Market by Product (Instruments, Accessories), Mobility (Intensive Care, Portable), Interface (Invasive, Non-invasive), Age Group (Adult, Pediatric), Mode (Volume, Pressure, Dual), End User (Hospital, ASCs, Home Care) – Global Forecast to 2027

  • Report ID:MRHC - 104395
  • Pages: 189
  • Apr 2020
  • Formats*: PDF
  • Category: Healthcare
  • Delivery: 2 to 4 Hours

1. Introduction
    1.1. Market Definition
    1.2. Market Ecosystem
    1.3. Currency
    1.4. Key Stakeholders

2. Research Methodology
    2.1. Research Process
    2.2. Data Collection & Validation
           2.2.1. Secondary Research
           2.2.2. Primary Research
    2.3. Market Assessment
           2.3.1. Market Size Estimation
                     2.3.1.1. Bottom-Up Approach
                     2.3.1.2. Top-Down Approach
                     2.3.1.3. Growth Forecast
           2.3.2. Market Share Analysis
    2.4. Assumptions for the Study
    2.5. Limitations for the Study

3. Executive Summary

4. Market Insights
    4.1. Introduction
    4.2. Drivers
           4.2.1. Increasing Number of Intensive Care Units (ICU) and ICU Beds
           4.2.2. Rising Incidence & Prevalence of Respiratory Diseases
           4.2.3. Urbanization and Growing Pollution Levels
           4.2.4. Rapid Growth in the Geriatric Population
           4.2.5. Increasing Incidence of Preterm Births
    4.3. Restraints
           4.3.1. High Cost of Ventilator Setup
           4.3.2. Preference of Alternative Oxygenation Therapies
    4.4. Opportunities
           4.4.1. Growing Demand for Home Care Therapeutic Devices
           4.4.2. High Growth from Emerging Countries in Asia-Pacific and Latin America
    4.5. Challenges
           4.5.1. Harmful Effects on Neonates
           4.5.2. Maintaining Component Supply Chains
           4.5.3. Complications Associated with the Use of Mechanical Ventilator

5. Global Ventilators Market, by Product
    5.1. Introduction
    5.2. Ventilator Accessories
           5.2.1. Ventilator Catheters
           5.2.2. Endotracheal Tubes
           5.2.3. Ventilator Masks
           5.2.4. Other Accessories
    5.3. Ventilator/Instrument

6. Global Ventilators Market, by Mobility
    6.1. Introduction
    6.2. Intensive Care Ventilators
    6.3. Portable Ventilators

7. Global Ventilators Market, by Interface
    7.1. Introduction
    7.2. Invasive Ventilators
    7.3. Non-Invasive Ventilators

8. Global Ventilators Market, by Age Group
    8.1. Introduction
    8.2. Adult & Pediatric
    8.3. Neonatal & Infant

9. Global Ventilators Market, by Mode
    9.1. Introduction
    9.2. Volume Mode Ventilation
    9.3. Dual/Combined Mode Ventilation
    9.4. Pressure Mode Ventilation
    9.5. Other Ventilation Modes    

10. Global Ventilators Market, by End User
      10.1. Introduction
      10.2. Hospitals
      10.3. Homecare Settings
      10.4. Ambulatory Surgical Centers (ASCs)
      10.5. Other End Users|

11. Global Ventilators Market, by Geography
      11.1. Introduction
      11.2. North America
               11.2.1. U.S.
               11.2.2. Canada
      11.3. Europe
               11.3.1. Germany
               11.3.2. Italy
               11.3.3. U.K.
               11.3.4. France
               11.3.5. Spain
               11.3.6. Rest of Europe (RoE)
      11.4. Asia-Pacific
               11.4.1. China
               11.4.2. India
               11.4.3. Japan
               11.4.4. Rest of Asia-Pacific (RoAPAC)
      11.5. Latin America
      11.6. Middle East and Africa

12. Competitive Landscape
      12.1. Introduction
      12.2. Key Growth Strategies
      12.3. Competitive Benchmarking
               12.3.1. Competitive Benchmarking – by Products
               12.3.1. Competitive Benchmarking – by Age Group
      12.4. Market Share Analysis (2019)
               12.4.1. Koninklijke Philips N.V. (Netherlands)
               12.4.2. Resmed Inc. (U.S.)
               12.4.3. Medtronic Plc (Ireland)

13. Company Profiles (Business Overview, Product Portfolio, Financial Overview, Strategic Developments) 
      13.1. Schiller Ag
      13.2. Hamilton Medical Ag
      13.3. Koninklijke Philips N.V.
      13.4. Ge Healthcare
      13.5. Medtronic Plc
      13.6. Getinge Ab
      13.7. Resmed, Inc.
      13.8. Zoll Medical Corporation (A Subsidiary of Asahi Kasei Corporation)
      13.9. Drägerwerk AG & Co. KGaA
      13.10. Fisher & Paykel Healthcare Limited
      13.11. Vyaire Medical, Inc.

14. Appendix
      14.1. Questionnaire
      14.2. Available Customization

List of Tables
Table 1 Global Ventilators Market Drivers: Impact Analysis (2020–2027)
Table 2 Key Initiatives for Fulfilling the Demand of ICU Beds Amidst Covid-19 Crisis
Table 3 Percentage of Preterm Births by Gestational Age in 2014
Table 4 Countries with Highest Numbers of Under-5 Children Deaths from Preterm Birth Complications, 2016
Table 5 Ventilators Market Restraints: Impact Analysis (2020–2027)
Table 6 Key Initiatives for Development of Alternative Oxygenation Therapy Devices as Ventilator
Table 7 Ventilators Market Size, by Product, 2018-2027 ($Million)
Table 8 Ventilator Accessories Market Size, by Type, 2018-2027 ($Million)
Table 9 Ventilator Accessories Market Size, by Country/Region, 2018-2027 ($Million)
Table 10 Key Companies Offering Ventilator Catheters
Table 11 Global Ventilator Catheters Market Size, by Country/Region, 2018-2027 ($Million)
Table 12 Key Companies Offering Endotracheal Tubes
Table 13 Endotracheal Tubes Market Size, by Country/Region, 2018-2027 ($Million)
Table 14 Key Companies Offering Ventilator Masks
Table 15 Ventilator Masks Market Size, by Country/Region, 2018-2027 ($Million)
Table 16 Other Ventilator Accessories Market Size, by Country/Region, 2018-2027 ($Million)
Table 17 Government Initiatives for Increasing Production of Ventilators
Table 18 Initiatives by Key Companies for Increasing Production of Ventilators
Table 19 Ventilator/Instrument Market Size, by Country/Region, 2018-2027 ($Million)
Table 20 Ventilators Market Size, by Mobility, 2018-2027 ($Million)
Table 21 Intensive Care Ventilators Market Size, by Country/ Region, 2018-2027 ($Million)
Table 22 Intensive Care Ventilator Instruments Market, by Country/Region, 2018-2027 (Units)
Table 23 Portable Ventilators Market Size, by Country/ Region, 2018-2027 ($Million)
Table 24 Portable Ventilator Instruments Market, by Country/Region, 2018-2027 (Units)
Table 25 Ventilators Market Size, by Interface, 2018-2027 ($Million)
Table 26 Key Companies Offering Invasive Ventilators
Table 27 Invasive Ventilators Market Size, by Country/Region, 2018-2027 ($Million)
Table 28 Key Companies Offering Non-Invasive Ventilators
Table 29 Non-Invasive Ventilators Market Size, by Country/Region, 2018-2027 ($ Million)
Table 30 Ventilators Market Size, by Age Group, 2018-2027 ($Million)
Table 31 Countries with Covid-19 Status in People Above 60 Years
Table 32 Key Companies Offering Ventilators for Adults& Pediatrics
Table 33 Key Companies Producing Ventilators from the Non-Healthcare Sector
Table 34 Ventilators Market Size for Adults & Pediatrics, by Country/ Region, 2018-2027 ($Million)
Table 35 Key Companies Offering Ventilators for Neonatal & Infants
Table 36 Ventilators Market Size for Neonatal &Infants, by Country/ Region, 2018-2027 ($Million)
Table 37 Ventilators Market Size, by Mode, 2018-2027 ($Million)
Table 38 Volume Mode Ventilators Market Size, by Country/ Region, 2018-2027 ($ Million)
Table 39 Dual/Combined Mode Ventilators Market Size, by Country/ Region, 2018-2027 ($Million)
Table 40 Pressure Mode Ventilators Market Size, by Country/ Region, 2018-2027 ($Million)
Table 41 Other Ventilator Modes Market Size, by Country/ Region, 2018-2027 ($Million)
Table 42 Ventilators Market Size, by End User, 2018-2027 ($Million)
Table 43 Ventilators Market Size for Hospitals, by Country/ Region, 2018-2027($Million)
Table 44 Ventilators Market Size for Homecare Settings, by Country/ Region, 2018-2027 ($Million)
Table 45 Ventilators Market Size for Ambulatory Surgical Centers, by Country/ Region, 2018-2027 ($Million)
Table 46 Ventilators Market Size for Other End Users, by Country/ Region, 2018-2027 ($Million)
Table 47 Ventilators Market Size, by Country/ Region, 2018-2027 ($Million)
Table 48 North America: Ventilators Market Size, by Country, 2018-2027 ($Million)
Table 49 North America: Ventilators Market Size, by Product, 2018-2027 ($Million)
Table 50 North America: Ventilator Accessories Market Size, by Type, 2018-2027 ($Million)
Table 51 North America: Ventilators Market Size, by Mobility, 2018-2027 ($Million)
Table 52 North America: Ventilators Market Size, by Interface, 2018-2027 ($Million)
Table 53 North America: Ventilators Market Size, by Age Group, 2018-2027 ($Million)
Table 54 North America: Ventilators Market Size, by Mode, 2018-2027 ($Million)
Table 55 North America: Ventilators Market Size, by End User, 2018-2027 ($Million)
Table 56 U.S.: Covid-19 Cases, As of 14th April 2020
Table 57 Key Initiatives for Fulfilling the Demand of Ventilators
Table 58 U.S.: Ventilators Market Size, by Product, 2018-2027 ($Million)
Table 59 U.S.: Ventilator Accessories Market Size, by Type, 2018-2027 ($Million)
Table 60 U.S.: Ventilators Market Size, by Mobility, 2018-2027 ($Million)
Table 61 U.S.: Ventilators Market Size, by Interface, 2018-2027 ($Million)
Table 62 U.S.: Ventilators Market Size, by Age Group, 2018-2027 ($Million)
Table 63 U.S.: Ventilators Market Size, by Mode, 2018-2027 ($Million)
Table 64 U.S.: Ventilators Market Size, by End User, 2018-2027 ($Million)
Table 65 Canada: Ventilators Market Size, by Product, 2018-2027 ($Million)
Table 66 Canada: Ventilator Accessories Market Size, by Type, 2018-2027 ($Million)
Table 67 Canada: Ventilators Market Size, by Mobility, 2018-2027 ($Million)
Table 68 Canada: Ventilators Market Size, by Interface, 2018-2027 ($Million)
Table 69 Canada: Ventilators Market Size, by Age Group, 2018-2027 ($Million)
Table 70 Canada: Ventilators Market Size, by Mode, 2018-2027 ($Million)
Table 71 Canada: Ventilators Market Size, by End User, 2018-2027 ($Million)
Table 72 Europe: Ventilators Market Size, by Country, 2018-2027 ($Million)
Table 73 Europe: Ventilators Market Size, by Product, 2018-2027 ($Million)
Table 74 Europe: Ventilator Accessories Market Size, by Type, 2018-2027 ($Million)
Table 75 Europe: Ventilators Market Size, by Mobility, 2018-2027 ($Million)
Table 76 Europe: Ventilators Market Size, by Interface, 2018-2027 ($Million)
Table 77 Europe: Ventilators Market Size, by Age Group, 2018-2027 ($Million)
Table 78 Europe: Ventilators Market Size, by Mode, 2018-2027 ($Million)
Table 79 Europe: Ventilators Market Size, by End User, 2018-2027 ($Million)
Table 80 Germany: Ventilators Market Size, by Product, 2018-2027 ($Million)
Table 81 Germany: Ventilator Accessories Market Size, by Type, 2018-2027 ($Million)
Table 82 Germany: Ventilators Market Size, by Mobility, 2018-2027 ($Million)
Table 83 Germany: Ventilators Market Size, by Interface, 2018-2027 ($Million)
Table 84 Germany: Ventilators Market Size, by Age Group, 2018-2027 ($Million)
Table 85 Germany: Ventilators Market Size, by Mode, 2018-2027 ($Million)
Table 86 Germany: Ventilators Market Size, by End User, 2018-2027 ($Million)
Table 87 Italy: Ventilators Market Size, by Product, 2018-2027 ($Million)
Table 88 Italy: Ventilator Accessories Market Size, by Type, 2018-2027 ($Million)
Table 89 Italy: Ventilators Market Size, by Mobility, 2018-2027 ($Million)
Table 90 Italy: Ventilators Market Size, by Interface, 2018-2027 ($Million)
Table 91 Italy: Ventilators Market Size, by Age Group, 2018-2027 ($Million)
Table 92 Italy: Ventilators Market Size, by Mode, 2018-2027 ($Million)
Table 93 Italy: Ventilators Market Size, by End User, 2018-2027 ($Million)
Table 94 U.K.: Ventilators Market Size, by Product, 2018-2027 ($Million)
Table 95 U.K.: Ventilator Accessories Market Size, by Type, 2018-2027 ($Million)
Table 96 U.K.: Ventilators Market Size, by Mobility, 2018-2027 ($Million)
Table 97 U.K.: Ventilators Market Size, by Interface, 2018-2027 ($Million)
Table 98 U.K.: Ventilators Market Size, by Age Group, 2018-2027 ($Million)
Table 99 U.K.: Ventilators Market Size, by Mode, 2018-2027 ($Million)
Table 100 U.K.: Ventilators Market Size, by End User, 2018-2027 ($Million)
Table 101 France: Ventilators Market Size, by Product, 2018-2027 ($Million)
Table 102 France: Ventilator Accessories Market Size, by Type, 2018-2027 ($Million)
Table 103 France: Ventilators Market Size, by Mobility, 2018-2027 ($Million)
Table 104 France: Ventilators Market Size, by Interface, 2018-2027 ($Million)
Table 105 France: Ventilators Market Size, by Age Group, 2018-2027 ($Million)
Table 106 France: Ventilators Market Size, by Mode, 2018-2027 ($Million)
Table 107 France: Ventilators Market Size, by End User, 2018-2027 ($Million)
Table 108 Spain: Ventilators Market Size, by Product, 2018-2027 ($Million)
Table 109 Spain: Ventilator Accessories Market Size, by Type, 2018-2027 ($Million)
Table 110 Spain: Ventilators Market Size, by Mobility, 2018-2027 ($Million)
Table 111 Spain: Ventilators Market Size, by Interface, 2018-2027 ($Million)
Table 112 Spain: Ventilators Market Size, by Age Group, 2018-2027 ($Million)
Table 113 Spain: Ventilators Market Size, by Mode, 2018-2027 ($Million)
Table 114 Spain: Ventilators Market Size, by End User, 2018-2027 ($Million)
Table 115 Rest of Europe: Ventilators Market Size, by Product, 2018-2027 ($Million)
Table 116 Rest of Europe: Ventilator Accessories Market Size, by Type, 2018-2027 ($Million)
Table 117 Rest of Europe: Ventilators Market Size, by Mobility, 2018-2027 ($Million)
Table 118 Rest of Europe: Ventilators Market Size, by Interface, 2018-2027 ($Million)
Table 119 Rest of Europe: Ventilators Market Size, by Age Group, 2018-2027 ($Million)
Table 120 Rest of Europe: Ventilators Market Size, by Mode, 2018-2027 ($Million)
Table 121 Rest of Europe: Ventilators Market Size, by End User, 2018-2027 ($Million)
Table 122 Asia-Pacific: Ventilators Market Size, by Country, 2018-2027 ($Million)
Table 123 Asia-Pacific: Ventilators Market Size, by Product, 2018-2027 ($Million)
Table 124 Asia-Pacific: Ventilator Accessories Market Size, by Type, 2018-2027 ($Million)
Table 125 Asia-Pacific: Ventilators Market Size, by Mobility, 2018-2027 ($Million)
Table 126 Asia-Pacific: Ventilators Market Size, by Interface, 2018-2027 ($Million)
Table 127 Asia-Pacific: Ventilators Market Size, by Age Group, 2018-2027 ($Million)
Table 128 Asia-Pacific: Ventilators Market Size, by Mode, 2018-2027 ($Million)
Table 129 Asia-Pacific: Ventilators Market Size, by End User, 2018-2027 ($Million)
Table 130 China: Ventilators Market Size, by Product, 2018-2027 ($Million)
Table 131 China: Ventilator Accessories Market Size, by Type, 2018-2027 ($Million)
Table 132 China: Ventilators Market Size, by Mobility, 2018-2027 ($Million)
Table 133 China: Ventilators Market Size, by Interface, 2018-2027 ($Million)
Table 134 China: Ventilators Market Size, by Age Group, 2018-2027 ($Million)
Table 135 China: Ventilators Market Size, by Mode, 2018-2027 ($Million)
Table 136 China: Ventilators Market Size, by End User, 2018-2027 ($Million)
Table 137 India: Ventilators Market Size, by Product, 2018-2027 ($Million)
Table 138 India: Ventilator Accessories Market Size, by Type, 2018-2027 ($Million)
Table 139 India: Ventilators Market Size, by Mobility, 2018-2027 ($Million)
Table 140 India: Ventilators Market Size, by Interface, 2018-2027 ($Million)
Table 141 India: Ventilators Market Size, by Age Group, 2018-2027 ($Million)
Table 142 India: Ventilators Market Size, by Mode, 2018-2027 ($Million)
Table 143 India: Ventilators Market Size, by End User, 2018-2027 ($Million)
Table 144 Japan: Ventilators Market Size, by Product, 2018-2027 ($Million)
Table 145 Japan: Ventilator Accessories Market Size, by Type, 2018-2027 ($Million)
Table 146 Japan: Ventilators Market Size, by Mobility, 2018-2027 ($Million)
Table 147 Japan: Ventilators Market Size, by Interface, 2018-2027 ($Million)
Table 148 Japan: Ventilators Market Size, by Age Group, 2018-2027 ($Million)
Table 149 Japan: Ventilators Market Size, by Mode, 2018-2027 ($Million)
Table 150 Japan: Ventilators Market Size, by End User, 2018-2027 ($Million)
Table 151 Rest of APAC: Ventilators Market Size, by Product, 2018-2027 ($Million)
Table 152 Rest of APAC: Ventilator Accessories Market Size, by Type, 2018-2027 ($Million)
Table 153 Rest of APAC: Ventilators Market Size, by Mobility, 2018-2027 ($Million)
Table 154 Rest of APAC: Ventilators Market Size, by Interface, 2018-2027 ($Million)
Table 155 Rest of APAC: Ventilators Market Size, by Age Group, 2018-2027 ($Million)
Table 156 Rest of APAC: Ventilators Market Size, by Mode, 2018-2027 ($Million)
Table 157 Rest of APAC: Ventilators Market Size, by End User, 2018-2027 ($Million)
Table 158 Latin America: Ventilators Market Size, by Product, 2018-2027 ($Million)
Table 159 Latin America: Ventilator Accessories Market Size, by Type, 2018-2027 ($Million)
Table 160 Latin America: Ventilators Market Size, by Mobility, 2018-2027 ($Million)
Table 161 Latin America: Ventilators Market Size, by Interface, 2018-2027 ($Million)
Table 162 Latin America: Ventilators Market Size, by Age Group, 2018-2027 ($Million)
Table 163 Latin America: Ventilators Market Size, by Mode, 2018-2027 ($Million)
Table 164 Latin America: Ventilators Market Size, by End User, 2018-2027 ($Million)
Table 165 Middle East and Africa: Ventilators Market Size, by Product, 2018-2027 ($Million)
Table 166 Middle East and Africa: Ventilator Accessories Market Size, by Type, 2018-2027 ($Million)
Table 167 Middle East and Africa: Ventilators Market Size, by Mobility, 2018-2027 ($Million)
Table 168 Middle East and Africa: Ventilators Market Size, by Interface, 2018-2027 ($Million)
Table 169 Middle East and Africa: Ventilators Market Size, by Age Group, 2018-2027 ($Million)
Table 170 Middle East and Africa: Ventilators Market Size, by Mode, 2018-2027 ($Million)
Table 171 Middle East and Africa: Ventilators Market Size, by End User, 2018-2027 ($Million)
Table 172 Recent Developments, by Company, 2017-2020

List of Figures

Figure 1 Research Process
Figure 2 Key Secondary Sources
Figure 3 Primary Research Techniques
Figure 4 Key Executives Interviewed
Figure 5 Breakdowns of Primary Interviews (Supply-Side & Demand-Side)
Figure 6 Market Size Estimation
Figure 7 Global Ventilators Market, by Product, 2020 Vs. 2027 ($Million)
Figure 8 Global Ventilators Market Size, by Interface, 2020 Vs. 2027 ($Million)
Figure 9 Global Ventilators Market Size, by Age Group, 2020 Vs. 2027 ($Million)
Figure 10 Global Ventilators Market Size, by Mobility, 2020 Vs. 2027 ($Million)
Figure 11 Global Ventilators Market Size, by Mode, 2020 Vs. 2027 ($Million)
Figure 12 Hospitals to Dominate the Global Ventilators Market, by End User, (2020-2027)
Figure 13 Ventilators Market, by Region
Figure 14 Market Dynamics
Figure 15 Countries with Most Critical Care Beds Per 10,000 Populations, 2017
Figure 16 U.S.: Number of ICU Beds (2001-2018)
Figure 17 Global Number of Covid-19 Confirmed Cases (As on 8th& 9th April 2020)
Figure 18 Share of Urban Population in Total Global Population, 2015–2020 (%)
Figure 19 Share of Geriatric Population 60 Years & Above, by Region, 2010 Vs.  2015 Vs. 2020
Figure 20 Global Ventilators Market Size, by Product, 2020-2027 ($Million)
Figure 21 Global Ventilators Market Size, by Mobility, 2020-2027 ($Million)
Figure 22 Global Ventilators Market Size, by Interface, 2020-2027 ($Million)
Figure 23 Global Ventilators Market Size, by Age Group, 2020-2027 ($Million)
Figure 24 U.S. Covid-19 Death Rate by Age Group (As of 13th April 2020)
Figure 25 Global Ventilators Market Size, by Mode, 2020-2027 ($Million)
Figure 26 Global Ventilators Market Size, by End User, 2020-2027 ($Million)
Figure 27 U.S. Hospitals Outpatient Revenue, 2013-2018 ($Billion)
Figure 28 Global Ventilators Market Size, by Region, 2020-2027 ($Million)
Figure 29 North America: Ventilators Market Snapshot
Figure 30 Number of People Aged 65 Years and Over in the U.S., 2016-2060 (In Millions)
Figure 31 Number of ICU Admissions Due to Covid-19 in the U.S. Till 24th March 2020 (In %)
Figure 32 U.S. Covid-19 Death Rate by Age Group (As of 13th April 2020)
Figure 33 Europe: Ventilators Market Snapshot
Figure 34 Germany: Population Aged 65 and Above, 2011-2017
Figure 35 Germany: Covid-19 Cases (13th& 14th April 2020)
Figure 36 Italy: Percentage of Aged Population, 65 Years & Above, 2011-2019 (%)
Figure 37 Italy: Number of Covid-19 Cases, April 13th& 14th 2020
Figure 38 U.K.: Average Emergency Hospital Admissions, 2011-2019
Figure 39 France: Population Aged 65 and Above, 2010-2019
Figure 40 Spain: Life Expectancy Compared to EU, 2000-2015-2020
Figure 41 Switzerland: Health Expenditure (As A % of GDP), 2018
Figure 42 Asia-Pacific: Ventilators Market Snapshot
Figure 43 China: Share of Non-Communicable Diseases in Total Number of Deaths, 2005-2020 (%)
Figure 44 Percentage of Population over 65 in Japan
Figure 45 Coronavirus Outbreak in Latin America (14th April 2020)
Figure 46 Key Growth Strategies Adopted by Leading Players, 2017-2020
Figure 47 Ventilators: Competitive Benchmarking, by Product
Figure 48 Ventilators: Competitive Benchmarking, by Age Group
Figure 49 Market Share Analysis: Ventilators Industry, 2019
Figure 50 Koninklijke Philips N.V.: Financial Overview (2019)
Figure 51 Ge Healthcare: Financial Overview (2019)
Figure 52 Medtronic Plc: Financial Overview (2019)
Figure 53 Getinge Ab: Financial Overview (2019)
Figure 54 Resmed, Inc.: Financial Overview (2019) 
Figure 55 Asahi Kasei Corporation: Financial Overview (2019)
Figure 56 Draegerwerk AG Co. KGaA: Financial Overview (2019)
Figure 57 Fisher & Paykel Healthcare Limited: Financial Overview (2019)

COVID-19

This report provides pre & post COVID-19 market estimates

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The ventilators market is expected to grow at a CAGR of 15.8% from 2020 to 2027 to reach at $7.72 billion by 2027. Ventilator is a life-saving machine when patients are not able to breathe in case of chronic diseases like asthma, respiratory syndrome, or even in case of sudden outbreaks of respiratory diseases like COVID-19 etc. The factors such as increasing number of intensive care units (ICU) and ICU beds, rising incidence & prevalence of chronic and infectious diseases, urbanization and growing pollution level, rapid growth in geriatric population, and increasing incidence of preterm births are expected to propel the growth of the global ventilators market. Furthermore, the factor such as harmful effects of certain devices on neonates, maintaining component supply chains, and complications associated with the use of mechanical ventilators are challenging the growth of this market during the forecast period.

Impact of COVID-19 on the Ventilators Market

With the severe outbreak of COVID-19, there is an unprecedented global demand for advanced healthcare services and infrastructure to treat infected. As one of the core parts of healthcare services, ventilators are experiencing an increasing demand from majority of the countries across the globe to handle a surge of COVID-19 patients. However, with the current drastically increasing pandemic COVID-19 crisis, the available ventilator capacity is not sufficient and global healthcare industry is experiencing a shortfall in the ventilators numbers. Though, the U.S. has maximum number of ventilators across the world, the country is highly facing the shortage mainly due to problems with global supply chain & exponentially growing number of COVID-19 cases. The American Hospital Association (AHA) has reportedly predicted that if the COVID-19 virus continues to spread as projected, 4.8 million patients would need hospitalization, 1.9 million COVID-19 patients would require admission to ICUs, and 960,000 would require mechanical ventilation. However, the Society of Critical Care estimated that the U.S. has around 200,000 ventilators considering older, functional, and stockpiled ventilators from the CDC and anesthesia machines. This huge gap between availability and demand of ventilators in such well-established healthcare country indicates the current situation of shortage of ventilators in not only developed countries, but in developing as well. In Italy, the growing number of deaths due to COVID-19 and a severe ventilator shortage has forced doctors to triage patients. And hence, doctors are preferred to save younger generation and use ventilators that are available for them than adult ones. There are few countries having handful of ventilators; for instance, South Sudan confirmed its first case of COVID-19 on 5th April 2020. The country has just 24 intensive care unit beds for a population of 12 million people. The numbers are only marginally better in Northeastern Syria, which has just 28 ICU beds and 11 ventilators in hospitals identified to quarantine and treat COVID-19 patients. Thus, such shortage of ventilators is creating a huge demand across the globe.

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To cope up with this situation, government agencies in various countries are focusing on converting existing general and mental hospital beds into ICU beds and thereby boosting the demand for ICU components such as ventilators. Apart from this, there are many vendors who have tremendously increased their ventilator production capacity to meet the growing demand across the globe. For instance,

  • On April 2020, Koninklijke Philips N.V. (Netherlands) has been helping the U.S. government to deliver 43,000 units to the most critical regions in the U.S. in the coming weeks and months through December 2020.
  • With the support from the Massachusetts Institute of Technology’s engineers and production advice from a U.S. based company; the U.S. has supported Indian engineers for building a low-cost ventilator.
  • The Indian Institute of Science (IISC) team is building an indigenous ventilator prototype of an electro-mechanical ventilator, using only components found or made in India, based on guidelines issued by the U.K. Medicines and Healthcare products Regulatory Agency for COVID-19 victims, and it is expected to be ready by April.
  • On March 2020, to meet the increased global demand for various products and therapies, specifically ventilators, Getinge AB (Sweden) temporarily increased its production of ventilators at its production facility in Sweden by 60%.

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Key findings in the global ventilators market study:

Ventilator/instrument segment is expected to grow at the fastest rate from 2020 to 2027

Based on product type, the ventilator instrument segment is expected to witness rapid growth during the forecast period, mainly due to the higher demand for ventilators in healthcare settings with rising number of ICU beds and high cost of ventilator machines. Moreover, the rising prevalence of acute & chronic diseases; emergence of infectious diseases, such as COVID-19 and Ebola, resulting in the growing demand for ICUs; and increasing number of hospitals are also some of the key factors driving the growth of this segment.

Invasive ventilators dominated the overall ventilators market

Based on interface, the ventilators market is segmented into invasive and non-invasive ventilators. In 2020, the invasive ventilators segment is expected to account for the largest share of the overall ventilators market. The large share of these ventilators is primarily attributed to their application in ICUs for patients with chronic respiratory or infectious diseases, neurological diseases, and sleeping disorders. Moreover, in some cases, respiratory problems are permanent, which makes invasive ventilators all the more important. In addition, these ventilators also find application in preterm births.

Adult & pediatric segment estimated to hold the largest share of the overall ventilators market in 2020

Based on the age group, the adult & pediatric segment accounted for the largest share of the overall ventilators market. This is primarily attributed to the higher adoption of ventilation support in the elderly population due to their weak immune response and high susceptibility towards chronic diseases, such as COPD and lung infections; increasing consumption of tobacco-related products; and rising pollution levels. The outbreak of COVID-19 has led to the growing number of adult patient admissions in hospitals, thereby expanding the growth of this segment.

Intensive care ventilators segment to dominate the overall ventilators market in the next few years

Based on mobility, intensive care ventilators commanded the largest share of the overall ventilators market. The large share of this segment is supported by the factors such as rising number of ventilator installations in ICUs, availability of reimbursements for ventilation solutions & respiratory treatment procedures, rising number of patient admissions in CCUs with growing population suffering from chronic and respiratory infectious diseases, and rising preterm births across the globe.

Homecare settings segment is expected to grow at the fastest CAGR during the forecast period

Based on end user, though the hospitals segment accounted for the largest share due to large pool of patients including the population with respiratory diseases visiting the hospitals, the homecare segment is expected to grow at the fastest growth rate, mainly due to the growing demand for home care therapeutic devices from patients requiring long-term ventilation with increasing aging population and increased life expectancy.

Asia Pacific: The fastest growing ventilators market

At regional level, the ventilators market is estimated to dominate by the North America in 2020, while Asia Pacific region is expected to grow at the fastest CAGR during the forecast period. The factors driving the growth of the ventilators market in Asia Pacific region are the increasing number of population requiring ventilator support with rising incidence of various pulmonary diseases and increasing incidence of preterm birth, especially in India and China. The recent outbreak of COVID-19 has led local manufacturers and new startups to develop ventilators at a low cost. In addition, governments are undertaking initiatives to boost the production and non-healthcare sector companies are collaborating with healthcare companies to expand the production of ventilators & related accessories, ultimately supporting the growth of the market in the region.

Key Players

The report includes competitive landscape based on the extensive assessment of the product portfolio offerings, geographic presence, and key strategic developments adopted by the leading market players in the industry over the past 5 years. The key players profiled in the global ventilators market are Koninklijke Philips N.V. (Netherlands), Hamilton Medical AG (Switzerland), Medtronic plc (Ireland), Vyaire Medical, Inc. (U.S.), GE Healthcare (U.S.), Fisher & Paykel Healthcare Ltd (New Zealand), Drägerwerk AG & Co. KGaA (Germany), ResMed Inc. (U.S.), Zoll Medical Corporation (U.S.), Schiller AG (Switzerland), and Getinge AB (Sweden), among others.

Scope of the Report:

Ventilators Market, by Product

  • Accessories/Consumables
    • Ventilator Catheters
    • Endotracheal Tubes
    • Ventilator Masks
    • Other accessories
  • Ventilator/Instrument                              

Ventilators Market, by Mobility

  • Invasive Care Unit
  • Portable Ventilators

Ventilators Market, by Interface

  • Invasive Ventilators
  • Non-invasive Ventilators

Ventilators Market, by Age Group

  • Adult & Paediatric
  • Neonatal & Fatal

Ventilators Market, by Mode

  • Volume Mode Ventilation
  • Pressure Mode Ventilation
  • Dual/Combined Mode Ventilation
  • Other Ventilation Modes

Ventilators Market, by End User

  • Hospitals
  • Home Care Settings
  • Ambulatory Surgical Centers
  • Other End Users

Ventilators Market, by Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe (RoE)
  • Asia-Pacific (APAC)
    • Japan
    • China
    • India
    • Rest of APAC (RoAPAC)
  • Latin America
  • Middle East & Africa

Key questions answered in the report-

Ventilators are lifesaving medical equipment majorly used among patients with breathing problem. These are majorly used to deliver high concentrations of oxygen into the lungs; get rid of carbon dioxide; decrease the amount of energy a patient uses on breathing so their body can concentrate on fighting infection or recovering; and breathe for a patient who is unconscious because of a severe infection, buildup of toxins, or drug overdose. The market involves the demand analysis of ventilators with respect of product type, interface, age group, mode, mobility, end user, and geography.
The global ventilators market is projected to reach $7.72 billion by 2027, at a CAGR of 15.8% during the forecast period of 2020-2027.
The ventilator accessories segment commanded the largest share of the overall ventilators market in 2019. However, the ventilator/instrument segment is projected to register the fastest growth during the forecast period.
Based on mobility, the portable ventilators segment is expected to witness the fastest growth during the forecast period.
Increasing number of intensive care units (ICU) and ICU beds, rising incidence & prevalence of chronic diseases, urbanization and growing pollution level, rapid growth in geriatric population, and increasing incidence of preterm births are some of the major factors driving the growth of this market.
Growing demand for home care therapeutic devices as well as growth in developing countries across APAC and Latin America are some of the major opportunities in this market.
Koninklijke Philips N.V., Hamilton Medical AG, Medtronic plc, Vyaire Medical, GE Healthcare, Fisher & Paykel Healthcare Ltd, Drägerwerk AG & Co. KGaA, ResMed Inc., Zoll Medical, Schiller AG, and Getinge AB are major players operating in the global ventilators market.
China, India, and some of the Latin American countries are high growth countries of the market. In addition, with the current outbreak of COVID-19, developed countries are also expected to witness significant demand in the next few quarters
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Tags: Healthcare Medical Technologies
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