North America Ventilators Market, By Product Type (Intensive Care Ventilators, Portable Ventilators, Neonatal Ventilators), Modality (Non-Invasive Ventilation and Invasive Ventilation), Type (Adult Ventilators, Neonatal Ventilators, and Paediatric Ventilators), Mode (Combined-Mode Ventilation, Volume-Mode Ventilation, Pressure-Mode Ventilation, and Others), End User (Hospitals, Ambulatory Surgery Centres, Specialty Clinics, Long Term Care Centres, Rehabilitation Centres, and Homecare Settings) – Industry Trends and Forecast to 2030.
North America Ventilators Market Analysis and Size
Over the years, due to technological breakthroughs such as improved portable ventilators and improvements in the sensor technologies used in ventilators, the ventilators market has grown tremendously. The ventilators market is largely influenced by the surging focus of key players towards technological advances in molecular diagnostics and indulging towards collaboration and partnerships with other organizations. Consequently, the market is being propelled forward with various growth determinants and is projected to show substantial growth over the forecasted period.
Data Bridge Market Research analyses that the Ventilators Market which was USD 811.99 million in 2022, would rocket up to USD 1446.01 million by 2030, and is expected to undergo a CAGR of 7.48% during the forecast period. This indicates that the market value. “intensive care ventilators” dominates the product type segment of the ventilators market owing to the rise in prevalence of respiratory disorder. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
North America Ventilators Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product Type (Intensive Care Ventilators, Portable Ventilators, Neonatal Ventilators), Modality (Non-Invasive Ventilation and Invasive Ventilation), Type (Adult Ventilators, Neonatal Ventilators and Paediatric Ventilators), Mode (Combined-Mode Ventilation, Volume-Mode Ventilation, Pressure-Mode Ventilation, and Others), End User (Hospitals, Ambulatory Surgery Centres, Specialty Clinics, Long Term Care Centres, Rehabilitation Centres ,and Homecare Settings)
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Countries Covered
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U.S., Canada, and Mexico
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Market Players Covered
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Koninklijke Philips N.V. (Netherlands), Getinge AB (Sweden), ResMed (U.S.), Medtronic (Ireland), Fisher & Paykel Healthcare Limited (New Zealand), Avasarala Technologies Limited (India), Allied Healthcare Products, Inc. (U.S.), Shenzhen Mindray Bio-Medical Electronics Co., Ltd, (China), Drägerwerk AG & CO. KGAA (Germany), Nihon Kohden Corporation (Japan), Asahi Kasei Corporation (Japan), Air Liquide (France), Vyaire (U.S.), General Electric Company (U.S.), Hamilton Medical (Switzerland), Smiths Group plc (U.K), aXcent Medical (Germany), Metran Co., Ltd (Japan), Airon Corporation (Florida), TRITON Electronic Systems Ltd. (Russia), Bio-Med Devices, (U.S.), Hill-Rom Holdings, Inc. (U.S.) and HEYER Medical AG (Germany)
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Market Opportunities
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Market Definition
The ventilator is basically an equipment which is used in intensive care units to help patients breathe when they are unable to do so on their own. Ventilators can be employed on the system either temporarily or permanently (as in long-term care) and are used across utilized in hospital settings, rehabilitation centres and at home. Mechanical ventilation, an endotracheal tube, and a nasogastric drain are the components of a ventilator. Ventilation devices remove carbon dioxide from the patient's body by supplying oxygen. It is used to keep people alive, but it is not used to treat illnesses or medical disorders. The mechanical ventilation system is used for patients with chronic diseases such as chronic obstructive pulmonary disease (COPD), asthma, brain traumas, and strokes.
North America Ventilators Market Dynamics
Drivers
- Surging Prevalence of Respiratory Disorders
The increasing prevalence of chronic obstructive pulmonary disease (COPD) and other respiratory disorders such as sleep apnea, acute lung injury, and hypoxemia are the most significant factors driving this market's growth. The increasing number of preterm births and rapid growth in the geriatric population are also expected to accelerate the market's overall growth. Moreover, the high prevalence of tobacco smoking which leads to respiratory disease will bolster the growth of the market.
- Increased Demand for Home Healthcare
There is a growing trend towards home-based care for chronic respiratory patients. Homecare ventilation allows patients to receive respiratory support in the comfort of their homes, reducing hospital stays and healthcare costs. The demand for portable and user-friendly ventilators suitable for homecare settings is expected to drive market growth.
- Increasing Surgical Procedures
Various surgical procedures, particularly those involving the chest or respiratory system, often require the use of ventilators during and after the surgery. The growing number of surgeries globally, including cardiac surgeries, organ transplants, and thoracic surgeries, is increasing the demand for ventilators. Which is expected to drive market growth.
- Government Initiatives and Healthcare Investments
The governments worldwide have recognized the significance of respiratory care and have increased investments in healthcare infrastructure. They have taken initiatives to improve healthcare access, especially in the developing countries, and have increased the availability of ventilators in the healthcare facilities. The government support through funding, policies, and collaborations with manufacturers helps in drive the market growth.
Opportunities
- Technological advancements
Advances in ventilator technology have greatly improved patient care and outcomes. Innovative features such as improved user interfaces, better synchronization with patient breathing, and the development of portable and transport ventilators have enhanced the efficiency and use of these devices. Technological advancements drive market growth by attracting healthcare providers to upgrade their equipment and invest in the latest ventilator models.
- Portable and Transport Ventilators
The demand for portable and transport ventilators is growing, driven by the need for respiratory support in various settings outside the traditional hospital environment. These include ambulances, emergency medical services, and homecare settings. The development of lightweight, compact, and battery-operated ventilators that offer advanced functionality. Which is expected to act as an opportunity for the market growth.
Restraints/Challenges
- High costs
Ventilators are complex medical devices that require advanced technology and engineering, leading to high manufacturing costs. The initial investment required to develop, produce, and maintain ventilators can be substantial. This high cost of ventilators can limit their accessibility, especially in resource-constrained healthcare settings or regions with limited healthcare budgets. Which act as a challenge for the market growth.
- Regulatory Compliance
Ventilators are subject to stringent regulatory requirements and must adhere to safety, performance, and quality standards. Compliance with these regulations can be time-consuming and expensive for manufacturers, particularly for new market entrants or smaller companies. Strict regulatory processes may delay product approvals, slowing down market entry and growth.
This Ventilators Market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more information on the Ventilators Market Contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Development
- In April 2020, Medtronic received approval for the use of PB560 in the U.S. through the FDA’s EUA authority. Previously, the company shipped around 300 ventilators per week. It was intended to raise production from 300 to 700 ventilators each week to battle the epidemic (this figure was expected to increase to 1,000 ventilators per week by the end of June 2020)
- In April 2020, Koninklijke Philips N.V., announced that the U.S. Government and they agreed to team up to increase the production of hospital ventilators in its manufacturing sites in the U.S. Philips plans to double the production by May 2020 and achieve a four-fold increase by the third quarter of 2020 for supply to the U.S. and global markets. Such ventilators are critical for the treatment of patients with the new coronavirus disease (COVID-19)
North America Ventilators Market Scope
The ventilators market is segmented on the basis of product type, modality, type, mode and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Intensive Care Ventilators
- Portable Ventilators
- Neonatal Ventilators
Modality
- Non-Invasive Ventilation
- Invasive Ventilation
Type
- Adult Ventilators
- Neonatal Ventilators
- Paediatric Ventilators
Mode
- Combined-Mode Ventilation
- Volume-Mode Ventilation
- Pressure-Mode Ventilation
- Other
End User
- Hospitals
- Ambulatory Surgery Centres
- Specialty Clinics
- Long Term Care Centres
- Rehabilitation Centres
- Homecare Settings
Ventilators Market Regional Analysis/Insights
The Ventilators Market is analysed and market size insights and trends are provided by country, product type, modality, type, mode and end user as referenced above.
The countries covered in the Ventilators Market report are the U.S., Canada, and Mexico.
The U.S. dominates the Ventilators Market because of the strong base of healthcare facilities, strong presence of major players in the market, increases cases of respiratory disorder and rising number of research activities in this region.
The U.S. is expected to witness significant growth during the forecast period of 2023 to 2030 due to the increase in government initiatives to promote awareness, rise in medical tourism, growing research activities in the region, availability of massive untapped markets, large population pool, and the growing demand for quality healthcare in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of North America brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed base and New Technology Penetration
The Ventilators Market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for Ventilators Market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the Ventilators Market The data is available for historic period 2010-2020.
Competitive Landscape and Ventilators Market Share Analysis
The Ventilators Market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, North America presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to Ventilators Market.
Some of the major players operating in the Ventilators Market are:
- Koninklijke Philips N.V. (Netherlands)
- Getinge AB (Sweden)
- ResMed (U.S.)
- Medtronic (Ireland)
- Fisher & Paykel Healthcare Limited (New Zealand)
- Avasarala Technologies Limited (India)
- Allied Healthcare Products, Inc. (U.S.)
- Shenzhen Mindray Bio-Medical Electronics Co., Ltd, (China)
- Drägerwerk AG & CO. KGAA (Germany)
- Nihon Kohden Corporation (Japan)
- Asahi Kasei Corporation (Japan)
- Air Liquide (France)
- Vyaire (U.S.)
- General Electric Company (U.S.)
- Hamilton Medical (Switzerland)
- Smiths Group plc (U.K)
- aXcent Medical (Germany)
- Metran Co., Ltd (Japan)
- Airon Corporation (Florida)
- Bio-Med Devices, (U.S.)
- Hill-Rom Holdings, Inc. (U.S.)
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