Isostearic Acid Market

Ventilator Market

Ventilator Market:-The governments of several countries are making huge investments in the healthcare sector in order to provide better medical facilities including both diagnostic and treatment facilities to the people. The increasing incidence of chronic diseases is the main factor driving these investments in the healthcare sector. These massive investments are resulting in a sharp surge in the procurement rate of ventilators, which are one of the most essential medical devices.

Before COVID-19, India had three manufacturers of ventilators with an annual output of 3,360. During the pandemic, nine more companies joined the fray, and the combined annual production capacity of the 12 companies skyrocketed to 396,260! These statistics published in a recent article by Indian Express clearly show the heavy burden the pandemic put on the shoulders of medical device manufacturers. Even though the demand for these machines has come down significantly in the second quarter of 2021, the healthcare sector is not out of the woods yet, especially amid talks of an even-deadlier third wave.

COPD

Similarly, chronic obstructive pulmonary disease (COPD) leads to 3 million deaths each year. As per the WHO, most of the deaths from these diseases occur in low- and middle-income countries (LMICs), often as a result of the lack of access to healthcare, particularly ventilators. On the other hand, the causes of these pulmonary diseases are plenty, including air pollution due to the burning of fossil fuels in vehicles and factories and severe smoking problem. The WHO says that while tobacco smoking kills 8 million people directly each year, it also kills 2 million non-smokers from second-hand smoke.

Another reason for the rising demand for ventilators is the booming geriatric population. On account of their weak biological processes, often, their lungs don’t already function too well. Therefore, they are at a high risk for pleural effusion, pneumonia, and other issues that can suppress lung function. Additionally, they frequently fall prey to infections and other chronic diseases, many of which directly impact the lungs. Thus, with the United Nations (UN) expecting the population in the age group of 65 and above to reach 1.5 billion by 2050, the ventilator demand is only going to increase.

Types Of Ventilators

Ventilators are mainly of two types: intensive care and portable. Of these, intensive-care variants have witnessed the wider sales in the past, with the rising number of hospitals and prevalence of respiratory diseases. During COVID-19 times, hospitals converted many of their non-ventilated ICU beds to ventilated ICU beds because of the rising number of people with severe COVID complications. additionally, many hotels, community centers, and other large halls were turned into COVID care facilities with intensive-care ventilators.

In the coming years, the Asia-Pacific (APAC) region will likely witness the fastest growth in the ventilator market. In present times, India is reeling under the devastating second wave of COVID, which has now started to loosen its hold. However, with government and medical agencies warning about a potential third wave, which could, additionally, hit children, ventilator procurement could rise again. Moreover, being the most-polluted region on earth, APAC records an extremely high number of deaths from asthma, COPD, and lung cancer.

Thus, even with the COVID-induced ventilator demand reducing, the overall requirement for such machines will continue being high, as other respiratory diseases are not expected to be eradicated anytime soon.

life support equipment

In simple terms, ventilators are mechanical systems that assist patients in breathing. These are basically life support equipment and do not provide any therapeutic treatment to patients. These devices are extensively used in cases of neurological dysfunction and cardiac insufficiency. When product type is taken into consideration, the market is divided into intensive care and portable ventilator categories. Between these, the portable ventilator category is predicted to dominate the market in the upcoming years.

This is credited to the surging adoption of home healthcare solutions all over the world. When end user is taken into consideration, the ventilator market is categorized into home care, ambulatory care, and hospitals. Out of these, the hospitals category is predicted to hold the largest share in the market in the upcoming years. However, the demand for ventilators is expected to be the highest in home care settings in the upcoming years.

Geographically

Geographically, North America is dominating the ventilator market, and is predicted to contribute the highest revenue to the market in the forthcoming years. This will be because of the surging healthcare expenditure of several regional countries and the growing incidence of respiratory diseases in the region. Apart from this, the surging geriatric population is also pushing up the demand for ventilators in the region. The U.S. is predicted to lead the North American market in the future.

One of the major trends currently being witnessed in the ventilator market is the growing requirement for low-maintenance and compact ventilators. These ventilators are built in such a way that they can be easily operated manually, even in settings that don’t have power supply. Besides this, the growing public preference of home-based healthcare solutions is also pushing up the demand for these compact ventilators. General Electric Company, Koninklijke Philips N.V., and ResMed Inc. are some of the major market players.

Hence, it can be said with surety that the market will register huge expansion in the coming years, mainly because of the growing prevalence of respiratory diseases, surging geriatric population, and soaring healthcare expenditure of many countries around the world.

Table Of Content

Chapter 1. Research Scope and Methodology

1.1 Market Definition

1.2 Research Scope

1.2.1 Global ventilator , by product type

1.2.2 Global ventilator , by age group

1.2.3 Global ventilator , by interface

1.2.4 Global ventilator , by mode

1.2.5 Global ventilator , by end user

1.2.6 Global ventilator , by geography

1.3 Research Methodology and Sources

Chapter 2. Executive Summary

2.1 Key Findings

2.2 Research Summary

Chapter 3. Market Outlook

3.1 Introduction

3.2 Trends in the Global Ventilator

3.2.1 Increasing demand for enhanced portable and compact ventilator

3.2.2 Increasing adoption of non-invasive ventilator

3.3 Opportunities in the Global Ventilator

3.3.1 Increasing demand for home healthcare therapies

3.3.2 Growing healthcare  in developing countries

3.4 Factors Diving the Growth of the  and its Impact on Forecast

3.4.1 High prevalence of respiratory disease

3.4.2 Growing geriatric population

3.4.3 High prevalence of smoking

3.4.4 Rapid urbanization and increasing pollution level

3.4.5 Increasing incidence of preterm births

3.4.6 Increasing healthcare expenditure

3.4.7 Changing lifestyle

3.4.8 Impact analysis of drivers on forecast

3.5 Factors Hindering Growth of the Market and its Impact on Market Forecast

3.5.1 Reimbursement concerns

3.5.2 Strict regulatory requirements

3.5.3 Complications associated with the use of ventilator

3.5.4 Impact analysis of restraints on market forecast

Chapter 4. Global Ventilator Market Size and Forecast 

4.1 Global Ventilator, by Product Type

4.2 Global Ventilator, by Age Group

4.3 Global Ventilator, by Interface

4.4 Global Ventilator, by Mode

4.5 Global Ventilator, by End User

4.6 Global Ventilator, by Region

Chapter 5. Global Ventilator Market, by Product Type

5.1 Intensive Care Ventilator

5.1.1 Global intensive care ventilator, by region

5.2 Portable Ventilator

5.2.1 Global portable ventilator, by region

Chapter 6. Global Ventilator Market, by Age Group

6.1 Ventilator for Adult/ Pediatric

6.1.1 Global ventilator for adult/pediatric, by region

6.2 Ventilator for Neonatal/Infant

6.2.1 Global ventilator  for neonatal/infant, by region

Chapter 7. Global Ventilator Market, by Interface

7.1 Non-Invasive Ventilator

7.1.1 Global non-invasive ventilator , by region

7.2 Invasive Ventilator

7.2.1 Global invasive ventilator , by region

Chapter 8. Global Ventilator Market, by Mode

8.1 Combined Mode Ventilation Market

8.1.1 Global combined mode ventilation market, by region

8.2 Volume Mode Ventilation Market

8.2.1 Global volume mode ventilation market, by region

8.3 Pressure Mode Ventilation Market

8.3.1 Global pressure mode ventilation market, by region

Chapter 9. Global Ventilator Market, by End User

9.1 Ventilator in Hospital

9.1.1 Global ventilator in hospital, by region

9.2 Ventilator in Home Care

9.2.1 Global ventilator in home care, by region

9.3 Ventilator in Ambulatory Care

9.3.1 Global ventilator in ambulatory care, by region

Chapter 10. Global Ventilator Market, by Geography

10.1 North America Ventilator

10.1.1 North America ventilator , by product type

10.1.2 North America ventilator, by age group

10.1.3 North America ventilator , by interface

10.1.4 North America ventilator, by mode

10.1.5 North America ventilator, by end user

10.1.6 North America ventilator, by country

10.2 Europe Ventilator

10.2.1 Europe ventilator market, by product type

10.2.2 Europe ventilator market, by age group

10.2.3 Europe ventilator market, by interface

10.2.4 Europe ventilator market, by mode

10.2.5 Europe ventilator market, by end user

10.2.6 Europe ventilator market, by country

10.3 Asia-Pacific Ventilator Market

10.3.1 Asia-Pacific ventilator market, by product type

10.3.2 Asia-Pacific ventilator market, by age group

10.3.3 Asia-Pacific ventilator market, by interface

10.3.4 Asia-Pacific ventilator market, by mode

10.3.5 Asia-Pacific ventilator market, by end user

10.3.6 Asia-Pacific ventilator market, by country

10.4 RoW Ventilator Market

10.4.1 RoW ventilator market, by product type

10.4.2 RoW ventilator market, by age group

10.4.3 RoW ventilator market, by interface

10.4.4 RoW ventilator market, by mode

10.4.5 RoW ventilator market, by end user

Chapter 11. Competitive Analysis

11.1 Porter’s Five Forces of Competitive Position Analysis

11.1.1 Bargaining power of buyers

11.1.2 Bargaining power of suppliers

11.1.3 Threat of new entrants

11.1.4 Intensity of rivalry

11.1.5 Threat of substitutes

11.2 Competitive Positioning of the Global Ventilator Market, by Interface

Chapter 12. Company Profiles and Strategic Developments

12.1 Key Company Profiles

12.1.1 ResMed, Inc.

12.1.1.1 Business overview

12.1.1.2 Product and service offerings

12.1.2 Drägerwerk AG & Co. KGaA

12.1.2.1 Business overview

12.1.2.2 Product and service offerings

12.1.3 Becton Dickinson and Company

12.1.3.1 Business overview

12.1.3.2 Product and service offerings

12.1.4 Medtronic PLC

12.1.4.1 Business overview

12.1.4.2 Product and service offerings

12.1.5 Koninklijke Philips N.V.

12.1.5.1 Business overview

12.1.5.2 Product and service offerings

12.1.6 Hamilton Medical AG

12.1.6.1 Business overview

12.1.6.2 Product and service offerings

12.1.7 General Electric Company

12.1.7.1 Business overview

12.1.7.2 Product and service offerings

12.1.8 Getinge Group

12.1.8.1 Business overview

12.1.8.2 Product and service offerings

12.1.9 Smiths Group Plc

12.1.9.1 Business overview

12.1.9.2 Product and service offerings

12.2 Strategic Developments in the Ventilator

12.2.1 Merger & acquisition

12.2.2 Collaboration/ partnership

12.2.3 Product launch

12.2.4 Others

Chapter 13. Appendix

13.1 List of Abbreviations

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