Market Overview
The Global Mechanical Ventilator Market is Expected to Reach a high CAGR of 6.6% during the forecasting period (2022 – 2029).
The mechanical ventilator is an artificial breathing device that is used by patients who are unable to breathe naturally due to acute medical conditions.
It is a life support system that helps patients breathe when they are unable to maintain adequate alveolar ventilation. A patient is connected to a ventilator through an endotracheal tube directly applied to the airway of a patient or NIV face mask.
Ventilators are often used during surgery when the patient is given anesthesia; respirators help to put patients to sleep without interrupting normal breathing. It also diagnoses airway resistance and irregular functioning of the respiratory system. The failure of ventilators may result in death so it is classed as a life-critical system and should be highly reliable.
The device is used among patients who have suffered a spinal cord injury, stroke or neuromuscular disorder or are suffering from a chronic obstructive pulmonary disease (COPD), apnea, acute lung injury or hypoxemia. Currently, a portable mechanical ventilator is the most widely used ventilator on the market.
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Market Dynamics
Significant drivers, driving the mechanical ventilator market include an increase in the incidence of COPD, growth in the geriatric population, technological innovations and advancements in portability and design, and supportive government funding.
According to the World Health Organization (WHO), 65 million people suffer from moderate to severe COPD in 2017, causing 3 million deaths. COPD is the third most fatal disease across the globe. Increasing cases of COPD, bronchitis, and asthma are due to a rise in air pollution levels. WHO data states that 9 out of 10 people are breathing air containing a high concentration of pollutants.
According to the United Nations, the global geriatric population was around 809.4 million in 2018, and by 2050 it is anticipated to grow more than double to reach an estimated population of over 2,000 million. The geriatric population is associated with many respiratory severe disorders that require continuous long-term ventilation.
Market Segmentation
By Product Type
- Stationary Ventilator
- Portable/Transport Ventilator
By Age Group
- Intensive/Critical Care Ventilator
- Neonatal Ventilator
By Interface
- Invasive ventilator
- Non invasive ventilator
Competitive Trends
The key players in mechanical ventilators are Draeger, Vyaire Medical, Philips Respironics, Smiths Medical, Becton Dickinson and Company, Ventinova, Medtronic, Plc. And Mindray Medical International Limited. The other players in the market include Tecme SA, ResMed Corp., and Fisher & Paykel Healthcare Limited.
In September 2018, Philips Respironics launched Trilogy Evo Ventilator which is a portable life support ventilator designed to stay with patients and provide them with consistent therapy and monitoring change care environments when their condition changes.
In April 2018, Claire Medical, a global leader in respiratory care-acquired Acutronic Medical Systems which is a globally recognized manufacturer of neonatal ventilation equipment.
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