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

"Mechanical Ventilators Market to Exhibit Lucrative Growth during the Forecast Period"

The global mechanical ventilators market accounted for market value of US$ 779.5 Mn in 2017 and expected to attain US$ 1,532.5 Mn by 2026. Worldwide growing geriatric population coupled with increasing prevalence of airway and lung diseases are anticipated to foster the 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 growth.

Geriatric population is susceptible to develop airway diseases such as chronic obstructive pulmonary disease (COPD), asthma, bronchitis, and other lung diseases like tuberculosis (TB), pleural effusion, pulmonary fibrosis, and cystic fibrosis (CF). The World Health Organization (WHO) stated that worldwide population aged 60 years and above will surge from 962.0 million in 2017 to more than 2.0 billion in 2050 to 3.1 billion by 2100. The WHO reported that about 65.0 million patients were suffering from the COPD in 2005, which grew to over 174.0 million in 2015, to 251.0 million cases in 2016 across the world. According to the Global Burden of Disease Study (GBD) and WHO, in 2011, a number of people suffering with asthma was 235.0 million which rose to 334.0 million in the year 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, Auto-Trak (an auto-adaptive leak compensation technology is designed to achieve patient ventilator synchrony through mechanically responding to changing breathing patterns & circuit leaks and adjusting variable sensitivity thresholds in order to get optimum response with each breath), and reporting software that offer improved care. Transportable or portable ventilators are gaining higher momentum among home care settings. Modern mechanical ventilators are consolidations of actuators, sensors and digital electronics with sophisticated data processing algorithms in order to provide high accuracy are propelling the adoption of mechanical ventilators.

Market Synopsis

Mechanical Ventilators Market

Get a sample copy for more information

"The Portable Ventilators & Accessories Segment is expected to Register Comparatively Higher Growth over the Forecast Period"

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

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

Mechanical Ventilators Market

Get a sample copy for more information

"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 the dominance over the forecast period.

Mechanical Ventilators Market

Get a sample copy for more information

"Hospitals & Clinics Segment Contribute Maximum to the Overall Growth of Mechanical Ventilators Market"

According to an independent source, in 2018, there are more than 145,000 hospitals across the globe. Worldwide surge in the number of hospitals & clinics coupled with comparatively higher adoption of mechanical ventilators during the treatment of respiratory diseases is supporting the dominance of the hospitals segment. Additionally, increasing number of childbirth in hospitals & clinics along with rising number of ICU beds equipped with ventilators are holding the segment at the prominent position.

Mechanical Ventilators Market

"Rising Burden of Respiratory Diseases and the Presence of Favorable Reimbursement Policies Holds North America in Dominant Position"

North America spearheaded the market in 2017 owing to the presence of favorable reimbursement policies in the U.S. coupled with 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 comparatively higher CAGR over the forecast period due to rising number of intensive care unit admissions and growing awareness among people about respiratory diseases.

Mechanical Ventilators Market

"Dominance of Established Multinational Players with Strong Product Portfolio Makes Market Penetration Difficult For Emerging Players"

Major players in this space are Philips Healthcare; GE Healthcare; Medtronic; BD (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 & acquisitions, partnerships, collaborations to gain a competitive advantage. For instance, in August 2017, in Europe, Hamilton Medical launched HAMILTON-C6, a new generation of high-end ventilator in order to expand its product portfolio.

Mechanical Ventilators Market

Historical & Forecast Period

This study report represents analysis for each segment from 2016 to 2026 considering 2017 to be the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments are estimated for the forecast period from 2018 to 2026.

Report Scope by Segments

Mechanical ventilators market comprises current market trends and dynamics along with quantitative analysis of the global market. The report elucidates thorough information of global mechanical ventilators market by segmenting the market in terms of product, mode, end-use, and geography. This report would guide healthcare professionals and market players in decision-making and strategizing market position. 

Research Period  2016-2026
Base Year 2017
Forecast Period  2018-2026
Historical Year  2016
Unit  USD Million

 Product Segment (2016–2026; US$ Mn)
 • Intensive Care Unit Ventilators & Accessories
 • Portable Ventilators & Accessories

 Mode Segment (2016–2026; US$ Mn)
 • Invasive Ventilators
 • Non-invasive Ventilators

 End-user Segment (2016–2026; US$ Mn)
 • Hospitals & Clinics
 • Home Care
 • Ambulatory Care Center
 • Others (trauma centers & rehabilitation centers)

 Geography Segment (2016–2026; US$ Mn)
 • North America (U.S., Canada)
 • Europe (U.K., Germany, Rest of Europe)
 • Asia Pacific (Japan, China, Rest of Asia Pacific)
 • Latin America (Brazil, Mexico, Rest of Latin America)
 • Middle East & Africa (GCC, Rest of Middle East & Africa)

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

Key questions answered in this report

  • What are the current market trends and dynamics in the mechanical ventilators market and valuable opportunities for emerging players?
  • Which product contributes to the maximum market share?
  • Which product accounts for the fastest CAGR during the forecast period?
  • Which ventilation mode held the major market share in 2017?
  • Which ventilation mode would be the fastest segment during the forecast period?
  • Which end-user holds a larger market share and why?
  • What is the impact of high cost ventilator devices on the mechanical ventilators market?
  • Are low and middle-income economies investing in the mechanical ventilators market?
  • What is the market trend and dynamics in emerging markets such as Japan, Latin America and Middle East & Africa?
Choose License Type
Published Date:  May 2018
Category:  Medical Devices
Report ID:   59182
Report Format:   PDF
Pages:   120
Rating:    4.4 (60)
Connect With Us
24/7 Research Support