A circuit used for breathing purpose mainly consists of one or two bits of plastic tubing and a bag that links a fresh flow of gas (as in a wall of oxygen or a ventilator) to the airway of the patient like a face mask, endotracheal tube (ETT), or a laryngeal mask. The main two function of this type of breathing circuit are:
- To transmit oxygen and fresh gases, as in nitric oxide, nitrous oxide, or anesthetic gases to the patient.
- To transmit exhaled carbon dioxide from the alveolar away from the patient
In Wuhan, China, the first outbreak of Coronavirus (COVID-19) was reported on December 31, 2019. WHO or the World Health Organization declared Coronavirus (COVID-19), on March 11, 2020 as pandemic. As per the Coronavirus (COVID-19) Weekly Epidemiological Update by the World Health Organization, more than 19 million cases were reported and 6.53 million deaths owing to the pandemic were reported until October 3, 2022 globally.
Across the global, the market for ventilator breathing circuit (VBC) market is likely to be priced at US$ 1,207.0 million in the year 2022 and is anticipated to show a CAGR 4.1% in the predicted period of 2022-2030.
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The financial status of the businesses of all sectors, including the private healthcare sector was impacted globally due to the pandemic and the lockdown in many countries. The whole supply chain and the distribution network of the healthcare sector were affected owing to the lockdown in many regions. The three main ways in which COVID-19 affected the economy globally were; the production was directly affected, distribution channels were disrupted, the financial conditions and the financial markets were also impacted. Many countries like Indonesia, Singapore, and Thailand faced problems in transporting and distributing healthcare products due to COVID-19 pandemic.
The COVID-19 saw increased use of ventilators which resulted in the rise of demand of ventilators. The COVID-19 treatment required usage of ventilators and so it was high in demand and hence shortage of supply of ventilators prevailed. In this case, the U.S. Food and Drug Administration (FDA) posted an update in relation to the medical device shortage due to the pandemic on August 26, 2022. The list of the devices in the shortage list category were dialysis- related advice, PPE or the personal protective equipment, testing supplies & equipment/appliances, and products used for ventilation purposes.
The rise in the number of product launch by the key companies in the market is anticipated to increase the accelerate the growth of the VBC market in the predicted period. For example, Nihon Kohden, a manufacturer, developer and distributor of medical equipment, in January 2020, introduced NKV-550 Series ventilator system which is designed to provide care and support to all ages’ patients. The ventilator series of NKV-550 is planned to deliver all the necessary skills needed by the clinicians for ventilating patients’ across all age categories from pediatric to adult and to neonatal patients.
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The players in the market are involved in partnerships for ventilators distribution which is anticipated to fuel up the growth of the VBC market in the predicted period. In this case, in December 2020, a company, CorVent Medical, aims in producing smart and reusable lifesaving ventilators in critical purposes, went into an agreement with Siemens Healthineers for U.S. distribution of Respond-19. Siemens Healthineers is a medical company based in Germany and Respond-19 is designed to provide fast expansion for ventilation patients of critical cases in hospitals so that more patients can be treated with Acute Respiratory Distress Syndrome (ARDS) in emergency cases.
With the level of rise in infections which are related to ventilator (pneumonia) are anticipated to hinder the growth of ventilator breathing circuit market in the estimated period. Ventilator related pneumonia is a type of lung disease that is developed in patients on ventilator. As per Center of Disease Control and Prevention (CDC), in the year January 2022, a sample study of a point prevalence assessment was carried out in acute care hospitals in U.S. The study claimed that the most infectious disease was pneumonia which was identified with other 427 health care related diseases, 32% were linked with ventilators.
Europe is anticipated to see a major development in the predicted period, due to the increase in launch of products by the companies operating in the business. In this case, Armstrong Medical, a U.S based manufacturing company producing critical, neonatal and perioperative products care introduced AquaVENT VT heated VBC in November 2021. AquaVENT is an unconventional ventilator circuit that automatically manages the moisture in the system.
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Competitive Landscape
The main companies operating in the VBC market includes Armstrong Medical, Fisher & Paykel Healthcare Limited., Koninklijke Philips N.V., Drägerwerk AG & Co. KGaA, Advin Health Care, Life-O-Line Technologist, Hamilton Medical, Altera, GE Healthcare, Bio-Med Devices, CAE Inc., Medtronic, Great Group Medical Co., Ltd., Vincent Medical Holdings Limited, and Vyaire Medical, Inc.
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Table of Content
Chapter 1 Industry Overview
1.1 Definition
1.2 Assumptions
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Ventilator Breathing Circuit Market Size Analysis from 2022 to 2028
11.6 COVID-19 Outbreak: Ventilator Breathing Circuit Industry Impact
Chapter 2 Global Ventilator Breathing Circuit Competition by Types, Applications, and Top Regions and Countries
2.1 Global Ventilator Breathing Circuit (Volume and Value) by Type
2.3 Global Ventilator Breathing Circuit (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Ventilator Breathing Circuit Sales, Consumption, Export, Import by Regions (2017-2022)
Chapter 5 North America Ventilator Breathing Circuit Market Analysis
Chapter 6 East Asia Ventilator Breathing Circuit Market Analysis
Chapter 7 Europe Ventilator Breathing Circuit Market Analysis
Chapter 8 South Asia Ventilator Breathing Circuit Market Analysis
Chapter 9 Southeast Asia Ventilator Breathing Circuit Market Analysis
Chapter 10 Middle East Ventilator Breathing Circuit Market Analysis
Chapter 11 Africa Ventilator Breathing Circuit Market Analysis
Chapter 12 Oceania Ventilator Breathing Circuit Market Analysis
Chapter 13 South America Ventilator Breathing Circuit Market Analysis
Chapter 14 Company Profiles and Key Figures in Ventilator Breathing Circuit Business
Chapter 15 Global Ventilator Breathing Circuit Market Forecast (2022-2028)
Chapter 16 Conclusions
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