Mechanical Ventilators Market 2021 By Regional Statistics, CAGR, Trend & Growth Forecast To 2027

Mechanical Ventilators Market 2021 By Regional Statistics, CAGR, Trend & Growth Forecast To 2027

Growing instances of COVID-19 across the world have propelled the demand for mechanical ventilators. As per an April 2020 World Health Organization report, France reported over 73,000 new COVID-19 cases with around 8,896 deaths. Along with that, the rise in the number of patients suffering from respiratory diseases like bronchitis, tuberculosis has increased the importance of mechanical ventilators in the healthcare sector.

Numerically speaking, over 65 million COPD patients are registered and around 3 million people die annually around the world. With statistics like these, the demand for mechanical ventilators has boosted, thus fueling the market growth.

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A recent report by Global Market Insight, Inc. states that the mechanical ventilators market size is predicted to register a valuation of USD 9 billion by the end of 2026.

Growing demand for ICU beds to subsequently increase the usage of mechanical ventilators

There has been a rise in the demand for ICU beds across the world. Barring the United States, the ratio of ICU beds to hospital beds is fixed across all nations. The United States has around 9 to 10 ICU beds for every 100 hospital beds. Furthermore, as per a 2015 survey conducted by the American Heart Association, U.S. has over 94,000 ICU beds which were over 14.3% of the total hospital beds. With rise in the hospital beds, the number of ICU beds will also go up.

In addition, increase in government initiatives in the healthcare sector will contribute to the proliferation of the market. Citing an instance, the Federal Emergency Management Agency and the U.S Department of Health and Human Services are collaborating with many partners to develop crisis standard strategies for ventilator support.

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This will help in increasing the Strategic National Stockpile (SNS) capacity through federal procurement, due to which it will receive over 20,000 mechanical ventilators by mid-May of 2020. Considering all the factors, the market for mechanical ventilators will witness exponential gains over the projected timeframe.

Mechanical ventilators set to witness increase in demand with the integration of non-invasive ventilation interface

Patients suffering from acute COPD exacerbation are provided mainstay therapy using non-invasive ventilation. They are also used for treating ventilator-induced pneumonia, respiratory muscle weakness, upper airway trauma, sinusitis and cardiogenic pulmonary edema. Owing to reasons like these the non-invasive ventilation segment is predicted to record substantial growth rate over the stipulated timeframe. Thus, the aforementioned factors will majorly contribute to the growth of the mechanical ventilators market.

COVID-19 pandemic to increase the importance of adult mechanical ventilators

COVID-19 is found to be affecting adults the most and some of the critical ones require ventilators. These ventilators are patient friendly, portable size and cost effective. Its importance is reflected by the fact that the segment accounted for a substantial market share in 2018. With surging COVID-19 patients across the world, the demand for adult mechanical ventilators will escalate over the projected timeframe.

Growing geriatric population to spur the usage of mechanical ventilators for anesthesiology application

Increasing elderly population suffering from respiratory diseases along with the ongoing surge of COVID-19 patients has increased the insistence for anesthesiology. In fact, the segment is predicted to showcase exceptional growth over the stipulated timeframe. The demand for anesthesiology has severely grown with high pollution levels which have increased the number of patients suffering from respiratory illnesses, thus bolstering market revenue.

Mechanical ventilators to witness substantial demand in Germany

Germany has more ICU beds in comparison with other European nations. As per a recent New York Times article, Germany possessed over 28,000 ICU beds with over 25,000 ventilators in March 2020. In addition, Germany has a strong critical bed ratio per capital across the nation which majorly contributes to the growth of the market. To add to that, increasing COVID-19 cases in the country has got the German government to heavily invest into intensive care infrastructure to tackle the increasing patient count. These factors are likely to prove beneficial for the proliferation of the market.

Partial Chapter of the Table of Content

Chapter 2.  Executive Summary

2.1. Mechanical ventilators industry 3600 synopsis, 2015 - 2026

2.1.1.  Business trends

2.1.2.  Product trends

2.1.3.  Interface trends

2.1.4.  Ventilator type trends

2.1.5.  Application trends

2.1.6.  Mode trends

2.1.7.  End-use trends

2.1.8.  Regional trends

Chapter 3.  Mechanical Ventilators Industry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2015 – 2026

3.3. Industry impact forces

3.3.1.  Growth drivers

3.3.1.1.  Growing cases of COVID-19 pandemic infection

3.3.1.2.  Increasing prevalence of chronic respiratory diseases

3.3.1.3.  Rise in healthcare expenditure

3.3.1.4.  Increase in number of ICU beds/critical care beds

3.3.1.5.  Technological advancements

3.3.2.  Industry pitfalls & challenges

3.3.2.1.  Risks associated with the use of ventilators

3.3.2.2.  High cost of mechanical ventilators

3.4. Growth potential analysis

3.4.1.  By product

3.4.2.  By interface

3.4.3.  By ventilator type

3.4.4.  By application

3.4.5.  By mode

3.4.6.  By end-use

3.5. COVID-19 impact analysis

3.5.1.  Impact of COVID-19 on 10 major markets

3.5.1.1.    Overview

3.5.1.2.    U.S.

3.5.1.3.    Germany

3.5.1.4.    UK

3.5.1.5.    France

3.5.1.6.    Spain

3.5.1.7.    Italy

3.5.1.8.    China

3.5.1.9.    India

3.5.1.10.  Japan

3.5.1.11.  Iran

3.5.2. Impact of COVID-19 on industry segments, by 10 major markets (2020)

3.5.2.1.  By Product

3.5.2.1.1. Intensive Care Ventilators

3.5.2.1.2. Portable Ventilators

3.5.2.2.  By Interface

3.5.2.2.1. Invasive Ventilation

3.5.2.2.2. Non-invasive Ventilation

3.5.2.3.  By Ventilator Type

3.5.2.3.1. Adult Ventilators

3.5.2.3.2. Neonatal Ventilators

3.5.3.  Impact of COVID-19 on industry value chain

3.5.3.1.  Research and development

3.5.3.2.  Manufacturing

3.5.3.3.  Marketing

3.5.3.4.  Supply

3.5.4.  Impact of COVID-19 on industry competition

3.5.4.1.  Strategy

3.5.4.2.  Distribution network

3.5.4.3.  Product portfolio

3.5.4.4.  Business growth

3.6. Regulatory landscape

3.6.1.  U.S.

3.6.2.  Europe

3.7. Porter’s analysis

3.8. Competitive landscape, 2019

3.8.1.  Company matrix analysis, 2019

3.9.   PESTEL analysis

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