Medical Ventilator Market Overview
The global medical ventilator market is projected to exhibit a healthy CAGR of over 4.14% in order to cross a market size of approximately USD 3,605.82 Million by the end of 2027, says Market Research Future (MRFR).
A medical ventilator refers to a medical device that helps a patient exchange carbon dioxide and oxygen automatically. It is engineered to offer inhaling for a patient unable to breathe. The global medical ventilator market has recorded praiseworthy growth in the past few years, owing mainly to the spread of the COVID infection. Furthermore, the market’s growth is being driven by the growing occurrence of chronic illness, consistent technological innovations, an increasing number of product launches & approvals, and increasing government support. However, the medical ventilator market’s growth is likely to be impeded by the risks associated with the use of ventilators.
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Medical Ventilator Market Segment Analysis
The global medical ventilator market has been fragmented into numerous segments based on ventilation, portability, technology, application, end-user, and region.
Based on ventilation, the global medical ventilator market has been divided into pressure-mode ventilation, volume-mode ventilation, and combined-mode ventilation.
The medical ventilator market is split into portable and stationary ventilators based on portability.
The global market for medical ventilators is divided into non-invasive and invasive based on an interface.
By technology, the medical ventilator market is split into mechanical and automated.
Based on application, the global market for medical ventilators is divided into emergency care, neonatal care, critical care, and others.
The global medical ventilator market comprises home care settings, hospitals and clinics, and others based on end-users.
Medical Ventilator Market Regional Analysis
The global medical ventilator market is studied across four major regions, including the Americas, Asia-Pacific, Europe, and the Middle East & Africa.
The MRFR report suggests that the American region led the global medical ventilators market in 2019. The region is likely to maintain the top position during the forecasted era. The regional market’s growth is attributed to the procurement, product introduction, and elevated prevalence of respiratory disorders in this region.
The Asia-Pacific regional medical ventilator market is projected to exhibit the highest growth over the assessment era from 2022 to 2027. Several product approvals and the high incidence of COVID-19 across the region are projected to catalyze the regional market’s growth over the coming years.
The Middle East & African region is projected to record moderately substantial growth over coming years. The regional market’s growth is attributed to the elevation in the implementation rate of medical ventilators owing to the growing cases of COVID-19 across countries such as Saudi Arabia, South Africa, and the UAE. Furthermore, administrations and public and private firms’ intensifying strategic proposals are projected to boost the regional market’s growth over the forecasted era.
Medical Ventilator Market Competitive Analysis
The global medical ventilator market has an intensely competitive landscape. The players across the global market are focusing on developing their global market footprint by implementing several growth policies such as mergers, acquisitions, and product launches. The list of the leading players in the global medical ventilators market includes Drägerwerk AG & Co. KGaA (Germany), Vyaire Medical, Inc. (U.S.), Getinge AB (Sweden), Allied Healthcare Products Inc. (U.S.), Koninklijke Philips NV (Netherlands), Hamilton Medical (Switzerland), E. Healthcare (U.S.), Smiths Medical (U.S.), Resmed (U.S.), Medtronic (Ireland), and several others.
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February 2022— A subsidiary of Vyaire Medical, imtmedical ag, in December 2021, started initiated a deliberate field correction for a variety of bellavista™ ventilators. The ventilators can terminate ventilation with particular configuration combinations and software versions and create a technical failure alarm 305.
January 2022- OES Medical, A UK-based manufacturer of anesthesia equipment, is collaborating with the ABHI UK Pavilion at Arab Health 2022 to introduce a new mains-powered ICU ventilator to assist hospitals in managing oxygen demand.
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