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Mechanical Ventilators Market By Product (Intensive Care Unit Ventilators & Accessories, Portable Ventilators & Accessories), By Mode (Invasive Ventilators, Non-Invasive Ventilators), By End-User (Hospitals & Clinics, Home Care, Ambulatory Care Center, Others) – Growth, Future Prospects & Competitive Analysis, 2018 – 2026

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Market Synopsis

Mechanical Ventilators Market to Expand at a Rapid Pace During the Forecast Period

The global mechanical ventilators market was worth US$ 779.5 million in 2017 and is expected to be worth US$ 1,532.5 million by 2026. The global aging population, combined with the rising prevalence of airway and lung diseases, is expected to drive market growth over the forecast period. In addition, technological developments in mechanical ventilators and the presence of favorable government initiatives across various countries are expected to assist in the market’s growth.

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The geriatric population is susceptible to developing airway diseases such as chronic obstructive pulmonary disease (COPD), asthma, bronchitis, and other lung diseases like tuberculosis (T.B.), pleural effusion, pulmonary fibrosis, and cystic fibrosis (C.F.). The World Health Organization (WHO) stated that the worldwide population aged 60 years and older will surge from 962.0 million in 2017 to more than 2.0 billion in 2050 and 3.1 billion by 2100. The WHO reported that about 65.0 million patients were suffering from COPD in 2005, which grew to over 174.0 million in 2015 and to 251.0 million cases in 2016 across the world. According to the Global Burden of Disease Study (GBD) and WHO, in 2011, the number of people suffering from asthma was 235.0 million, which rose to 334.0 million in 2014, which is projected to reach around 400.0 million by 2025.

Technological developments in mechanical ventilators are boosting the demand for ventilators. The spontaneous breathing trial (SBT), positive airway pressure (PAP) devices, and Auto-Trak (an auto-adaptive leak compensation technology are designed to achieve patient-ventilator synchrony by mechanically responding to changing breathing patterns and circuit leaks and adjusting variable sensitivity thresholds in order to get an optimum response with each breath), and reporting software that offers improved care Portable or transportable ventilators are gaining popularity in home health care settings. Modern mechanical ventilators are consolidations of actuators, sensors, and digital electronics with sophisticated data processing algorithms in order to provide high accuracy, which is propelling the adoption of mechanical ventilators.

The Portable Ventilators & Accessories Segment is expected to grow at a faster rate during the forecast period.

Transportable, portable, or ambulatory ventilators are gaining traction across the globe and are primarily used in home care settings. Rapid launches of portable, cost-effective, and easy-to-use mechanical ventilators for the treatment of airway diseases are likely to witness faster adoption among the population as compared to intensive care unit (ICU) ventilators. Transportable or portable ventilators offer faster and uninterrupted care to patients before they reach a hospital or healthcare setting.

On the other hand, the intensive care unit/critical care ventilators and accessories segment is anticipated to hold a major chunk of the market share due to the increasing prevalence of airway diseases coupled with the rising adoption of critical care mechanical ventilators in hospitals and clinics. Worldwide, surging ICU admissions and re-admissions and the number of ICU beds equipped with ventilators are supporting the dominance.

On the basis of mode, the Invasive Ventilators segment is forecast to command the market from 2018 to 2026.

Owing to a surge in the newborn baby population across the world, the adoption of invasive ventilators is on the rise and is expected to continue its dominance over the forecast period.

The Hospitals & Clinics segment is the most important contributor to the overall growth of the Mechanical Ventilators Market.

According to an independent source, in 2018, there were more than 145,000 hospitals across the globe. The dominance of the hospital segment is being supported by a worldwide increase in the number of hospitals and clinics, as well as comparatively higher adoption of mechanical ventilators during the treatment of respiratory diseases. Additionally, increasing numbers of childbirths in hospitals and clinics, along with a rising number of ICU beds equipped with ventilators, are holding the segment in a prominent position.

The rising burden of respiratory diseases and the presence of favorable reimbursement policies hold North America in a dominant position.

North America spearheaded the market in 2017 owing to the presence of favorable reimbursement policies in the U.S. coupled with the increasing prevalence of respiratory diseases such as COPD, asthma, bronchitis, and other lung diseases like tuberculosis, pleural effusion, pulmonary fibrosis, and cystic fibrosis. Asia Pacific is expected to register a comparatively higher CAGR over the forecast period due to the rising number of intensive care unit admissions and growing awareness among people about respiratory diseases.

Market penetration for emerging players is difficult due to the dominance of established multinational players with strong product portfolios.

Major players in this space are Philips Healthcare, G.E. Healthcare, Medtronic, and B.D. (Becton, Dickinson, and Company), Smiths Medical, Getinge AB, Hamilton Medical, Drägerwerk AG & Co. KGaA, ResMed, and Fisher & Paykel Healthcare Limited. These market participants are adopting growth strategies such as new product launches, mergers and acquisitions, partnerships, and collaborations to gain a competitive advantage. For instance, in August 2017, Hamilton Medical launched the HAMILTON-C6, a new generation of high-end ventilators, in Europe in order to expand its product portfolio.

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Periods of History and Forecast

This study report includes an analysis for each segment from 2016 to 2026, with 2017 as the base year. The compound annual growth rate (CAGR) for each of the respective segments is estimated for the forecast period from 2018 to 2026.

Report Scope by Segments

The mechanical ventilators market comprises current market trends and dynamics along with a quantitative analysis of the global market. The report elucidates thorough information about the global mechanical ventilators market by segmenting the market in terms of product, mode, end-use, and geography. This report will assist healthcare professionals and market participants in making decisions and strategizing market positions.

The current report also encompasses qualitative market assessment factors such as market trends, key market drivers, restraints, and opportunities that give a better understanding of the overall mechanical ventilators market. Furthermore, the report also comprises a graphical representation of the competitive landscape based on their market initiatives and strategies, product portfolios, and business strengths. Key industrial players profiled in the study report are Philips Healthcare, G.E. Healthcare, Medtronic, and B.D. (Becton, Dickinson, and Company), Smiths Medical, Getinge AB, Hamilton Medical, Drägerwerk AG & Co. KGaA, ResMed, and Fisher & Paykel Healthcare Limited.

Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Market Segmentation
1.3 Research Scope
1.4 Research Methodology
1.4.1 Phase I – Secondary Research
1.4.2 Phase II – Primary Research
1.4.3 Phase III – Expert Panel Review
1.4.4 Assumptions

Chapter 2 Executive Summary
2.1 Global MV Market Portraiture
2.2 Global MV Market, by Product, 2017 (US$ Mn)
2.3 Global MV Market, by Mode, 2017 (US$ Mn)
2.4 Global MV Market, by End-user, 2017 (US$ Mn)
2.5 Global MV Market, by Geography, 2017 (US$ Mn)

Chapter 3 Global Mechanical Ventilators (MV) Market: Dynamics & Future Outlook
3.1 Market Overview
3.2 Market Dynamics
3.2.1 Drivers
3.2.1.1 Worldwide Rising Prevalence of Airway and Other Lung Diseases
3.2.1.2 Technological Advances in MV
3.2.1.3 Driver 3
3.2.1.4 Driver 4
3.2.2 Challenges
3.2.2.1 Challenge 1
3.2.2.2 Challenge 2
3.2.3 Opportunities
3.2.3.1 Opportunity 1
3.2.3.2 Opportunity 2
3.3 Attractive Investment Proposition, by Geography, 2017
3.4 Competitive Landscape, by Key Players, 2017

Chapter 4 Global Mechanical Ventilators (MV) Market, by Product, 2016-2026 (US$ Mn)
4.1 Overview
4.2 Intensive Care Unit Ventilators & Accessories
4.3 Portable Ventilators & Accessories

Chapter 5 Global Mechanical Ventilators (MV) Market, by Mode, 2016-2026 (US$ Mn)
5.1 Overview
5.2 Invasive Ventilators
5.3 Non-invasive Ventilators

Chapter 6 Global Mechanical Ventilators (MV) Market, by End-user, 2016-2026 (US$ Mn)
6.1 Overview
6.2 Hospitals & Clinics
6.3 Home Care
6.4 Ambulatory Care Center
6.5 Others (trauma centers, rehabilitation centers, etc.)

Chapter 7 Global Mechanical Ventilators (MV) Market, by Geography, 2016-2026 (US$ Mn)
7.1 Overview
7.2 North America MV Market, 2016–2026 (US$ Mn)
7.2.1 North America MV Market, by Product, 2016–2026 (US$ Mn)
7.2.2 North America MV Market, by Mode, 2016–2026 (US$ Mn)
7.2.3 North America MV Market, by End-user, 2016–2026 (US$ Mn)
7.2.4 North America MV Market, by Country, 2016–2026 (US$ Mn)
7.2.4.1 U.S.
7.2.4.2 Canada
7.3 Europe MV Market, 2016–2026 (US$ Mn)
7.3.1 Europe MV Market, by Product, 2016–2026 (US$ Mn)
7.3.2 Europe MV Market, by Mode, 2016–2026 (US$ Mn)
7.3.3 Europe MV Market, by End-user, 2016–2026 (US$ Mn)
7.3.4 Europe MV Market, by Country/Region, 2016–2026 (US$ Mn)
7.3.4.1 U.K.
7.3.4.2 Germany
7.3.4.3 Rest of Europe
7.4 Asia Pacific MV Market, 2016–2026 (US$ Mn)
7.4.1 Asia Pacific MV Market, by Product, 2016–2026 (US$ Mn)
7.4.2 Asia Pacific MV Market, by Mode, 2016–2026 (US$ Mn)
7.4.3 Asia Pacific MV Market, by End-user, 2016–2026 (US$ Mn)
7.4.4 Asia Pacific MV Market, by Country/Region, 2016–2026 (US$ Mn)
7.4.4.1 Japan
7.4.4.2 China
7.4.4.3 Rest of Asia Pacific
7.5 Latin America MV Market, 2016–2026 (US$ Mn)
7.5.1 Latin America MV Market, by Product, 2016–2026 (US$ Mn)
7.5.2 Latin America MV Market, by Mode, 2016–2026 (US$ Mn)
7.5.3 Latin America MV Market, by End-user, 2016–2026 (US$ Mn)
7.5.4 Latin America MV Market, by Country/Region, 2016–2026 (US$ Mn)
7.5.4.1 Brazil
7.5.4.2 Mexico
7.5.4.3 Rest of Latin America
7.6 Middle East & Africa MV Market, 2016–2026 (US$ Mn)
7.6.1 Middle East & Africa MV Market, by Product, 2016–2026 (US$ Mn)
7.6.2 Middle East & Africa MV Market, by Mode, 2016–2026 (US$ Mn)
7.6.3 Middle East & Africa MV Market, by End-user, 2016–2026 (US$ Mn)
7.6.4 Middle East & Africa MV Market, by Region, 2016–2026 (US$ Mn)
7.6.4.1 GCC
7.6.4.2 Rest of Middle East & Africa

Chapter 8 Company Profiles
8.1 BD (Becton, Dickinson and Company)
8.2 Philips Healthcare
8.3 GE Healthcare
8.4 Medtronic
8.5 Smiths Medical
8.6 Getinge AB
8.7 Hamilton Medical
8.8 Drägerwerk AG & Co. KGaA
8.9 ResMed
8.10 Fisher & Paykel Healthcare Limited

List of Figures

FIG. 1 Market Segmentation: Global Mechanical Ventilators (MV) Market
FIG. 2 Global MV Market: Research Methodology
FIG. 3 Global MV Market, by Product, 2017 (US$ Mn)
FIG. 4 Global MV Market, by Mode, 2017 (US$ Mn)
FIG. 5 Global MV Market, by End-user, 2017 (US$ Mn)
FIG. 6 Global MV Market, by Geography, 2017 (US$ Mn)
FIG. 7 Attractive Investment Proposition, by Geography, 2017
FIG. 8 Competitive Analysis: Global MV Market, by Key Players, 2017
FIG. 9 Global Intensive Care Unit Ventilators & Accessories Market, 2016–2026 (US$ Mn)
FIG. 10 Global Portable Ventilators & Accessories Market, 2016–2026 (US$ Mn)
FIG. 11 Global Invasive Ventilators Market, 2016–2026 (US$ Mn)
FIG. 12 Global Non-invasive Ventilators Market, 2016–2026 (US$ Mn)
FIG. 13 Global Electrophysiology Mapping and Recording Systems Market for MV, 2016–2026 (US$ Mn)
FIG. 14 Global Hospitals & Clinics Market for MV, 2016–2026 (US$ Mn)
FIG. 15 Global Home Care Market for MV, 2016–2026 (US$ Mn)
FIG. 16 Global Ambulatory Care Center Market for MV, 2016–2026 (US$ Mn)
FIG. 17 Global Others Market for MV, 2016–2026 (US$ Mn)
FIG. 18 U.S. MV Market, 2016–2026 (US$ Mn)
FIG. 19 Canada MV Market, 2016–2026 (US$ Mn)
FIG. 20 U.K. MV Market, 2016–2026 (US$ Mn)
FIG. 21 Germany MV Market, 2016–2026 (US$ Mn)
FIG. 22 Rest of Europe MV Market, 2016–2026 (US$ Mn)
FIG. 23 Japan MV Market, 2016–2026 (US$ Mn)
FIG. 24 China MV Market, 2016–2026 (US$ Mn)
FIG. 25 Rest of Asia Pacific MV Market, 2016–2026 (US$ Mn)
FIG. 26 Brazil MV Market, 2016–2026 (US$ Mn)
FIG. 27 Mexico MV Market, 2016–2026 (US$ Mn)
FIG. 28 Rest of Latin America MV Market, 2016–2026 (US$ Mn)
FIG. 29 GCC MV Market, 2016–2026 (US$ Mn)
FIG. 30 Rest of Middle East & Africa MV Market, 2016–2026 (US$ Mn)

List of Tables

TABLE 1 Global Mechanical Ventilators (MV) Market, by Product, 2016–2026 (US$ Mn)
TABLE 2 Global MV Market, by Mode, 2016–2026 (US$ Mn)
TABLE 3 Global MV Market, by End-user, 2016–2026 (US$ Mn)
TABLE 4 Global MV Market, by Geography, 2016–2026 (US$ Mn)
TABLE 5 North America MV Market, by Product, 2016–2026 (US$ Mn)
TABLE 6 North America MV Market, by Mode, 2016–2026 (US$ Mn)
TABLE 7 North America MV Market, by End-user, 2016–2026 (US$ Mn)
TABLE 8 North America MV Market, by Country, 2016–2026 (US$ Mn)
TABLE 9 Europe MV Market, by Product, 2016–2026 (US$ Mn)
TABLE 10 Europe MV Market, by Mode, 2016–2026 (US$ Mn)
TABLE 11 Europe MV Market, by End-user, 2016–2026 (US$ Mn)
TABLE 12 Europe MV Market, by Country, 2016–2026 (US$ Mn)
TABLE 13 Asia Pacific MV Market, by Product, 2016–2026 (US$ Mn)
TABLE 14 Asia Pacific MV Market, by Mode, 2016–2026 (US$ Mn)
TABLE 15 Asia Pacific MV Market, by End-user, 2016–2026 (US$ Mn)
TABLE 16 Asia Pacific MV Market, by Country, 2016–2026 (US$ Mn)
TABLE 17 Latin America MV Market, by Product, 2016–2026 (US$ Mn)
TABLE 18 Latin America MV Market, by Mode, 2016–2026 (US$ Mn)
TABLE 19 Latin America MV Market, by End-user, 2016–2026 (US$ Mn)
TABLE 20 Latin America MV Market, by Country, 2016–2026 (US$ Mn)
TABLE 21 Middle East & Africa MV Market, by Product, 2016–2026 (US$ Mn)
TABLE 22 Middle East & Africa MV Market, by Mode, 2016–2026 (US$ Mn)
TABLE 23 Middle East & Africa MV Market, by End-user, 2016–2026 (US$ Mn)
TABLE 24 Middle East & Africa MV Market, by Country, 2016–2026 (US$ Mn)
TABLE 25 BD (Becton, Dickinson and Company): Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 26 Philips Healthcare: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 27 GE Healthcare: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 28 Medtronic: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 29 Smiths Medical: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 30 Getinge AB: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 31 Hamilton Medical: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 32 Drägerwerk AG & Co. KGaA: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 33 ResMed: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 34 Fisher & Paykel Healthcare Limited: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)

Frequently Asked Questions

What is the size of Mechanical Ventilators Market?

The market for Mechanical Ventilators Market is expected to reach US$ 1,532.5 Mn by 2026.

What is the Mechanical Ventilators Market CAGR?

The Mechanical Ventilators Market is expected to see significant CAGR growth over the coming years, at XX%.

What is the Forecast period considered for Mechanical Ventilators Market?

The report is forecasted from 2018-2026.

What is the base year considered for Mechanical Ventilators Market?

The base year of this report is 2017.

Who are the major players in this market?

Philips Healthcare, G.E. Healthcare, Medtronic, and B.D. (Becton, Dickinson, and Company), Smiths Medical, Getinge AB, Hamilton Medical, Drägerwerk AG & Co. KGaA, ResMed, and Fisher & Paykel Healthcare Limited. are some of the major players in the global market.

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