Overview

Medical Ventilator Market is forecasted to value over USD 7.5 billion by 2027 end and register a CAGR of 15.5 % from the forecast period 2020-2027.

Rising geriatric population suffering from respiratory issues, increased number of preterm births, rise in the number of patients who are required to be admitted to the ICU are some of the primary factors responsible for the market growth. Furthermore, rising insistence for home care therapies, increased healthcare expenditure in developing countries like India, Brazil, China which has increase the demand for medical ventilators. Conversely, the complexities in operating ventilators, unfavorable reimbursement policies are some factors restraining the growth of the market.
As per the WHO, over 3.2 million deaths occurred due to chronic obstructive pulmonary disease in 2015 in comparison to the 3.1 million deaths caused in 2012. It is expected to turn out to be the third biggest threat, health-wise by 2021. Furthermore, according to the 2015 Asthma report published by the WHO estimated that over 230 million people were diagnosed with asthma across the world, causing over 380,000 deaths in 2015. Such an increase prevalence of asthmatic patients has increased the patient admissions in hospitals, thereby increasing the demand for ventilators. Additionally, with urbanization and increased levels of pollution worldwide, rising number of tobacco smokers and an unhealthy lifestyle has led to the prevalence of various respiratory diseases which has increased the medical ventilators market demand.
However, there are some complications in using ventilators. Issues such as inappropriate heating of the inspired gas, alarms functioning improperly are raising complications in operating these ventilators which has led to a number of physicians restraining themselves from using ventilators in their healthcare setting as these complications can result into severe physiological effects like increase intracranial pressure, reduction in the cardiac output, gastric distensions, impaired renal and hepatic functions, etc. All these factors have restrained the growth of the market.

The Impact of COVID-19 on Medical Ventilator Market:

The U.S government has sanctioned over USD 2 billion dollars for manufacturers to produce ventilators for COVID-19 dialysis. Medtronic PLC, General Electric Co. have planned to deliver over 6,100 ventilators to the Strategic National Stockpile, which shall propel the growth of the market.

Major players included in the Medical Ventilator Market are :
• RESMED
• MEDTRONIC
• BD (CAREFUSION)
• PHILIPS HEALTHCARE
• GE HEALTHCARE
• INVACARE
• TEIJIN PHARMA
• FISHER & PAYKEL
• DRAGER MEDICAL
• DeVilbiss
• eVent Medical
(Note: The list of the major players will be updated with the latest market scenario and trends)

Medical Ventilator Market Segmentation:
By Type
• Non-invasive Ventilator
• Invasive Ventilator
By Application
• Home Use
• Hospitals & Clinics
• Others
By Region
• North America
• Europe
• Asia-Pacific
• Rest of the world

Competitive Landscape:
• Tier 1 players- established companies in the market with a major market share
• Tier 2 players
• Emerging players which are growing rapidly
• New Entrants

FutureWise Key Takeaways:
• Growth prospects
• SWOT analysis
• Key trends
• Key data-points affecting market growth

Objectives of the Study:
• To provide with an exhaustive analysis on the Medical Ventilator Market by type, by application and by region
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions— North America, Europe, Asia Pacific and rest of the world
• To record and evaluate competitive landscape mapping- product launches, technological advancements, mergers and expansions

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