Market Scope

Market Research Future (MRFR) expects the medical ventilator market to be worth USD 3,605.82 Million by 2027. MRFR also projects that the market size shall expand at a rate of 4.14% from 2020 to 2027 (analysis period). 

Significant Boosters and Deterrents 

The unprecedented advent of the COVID19 pandemic has fostered the demand for medical ventilators all over the world. The Society of Critical Care Medicine reveals that in 2020, the total number of hospital ventilators in the United States was close to 160,000 units. An extra stockpile of around 12,800 with Strategic National Stockpile is expected to be made available in similar scenarios in the future. Strict measures taken by the government bodies as well as the manufacturers to address the challenges of the pandemic have expedited the inflow of advanced medical ventilators, in the face of escalating cases. 

Furthermore, the accelerated cases of Chronic Obstructive Pulmonary Disease or COPD, rapidly expanding elderly population and frequent technical innovations could also benefit the global market. Alarming rise in respiratory emergencies and the resultant increase in the need for advanced respiratory care devices will also facilitate market growth.  

Market Segmentation 

The global market for medical ventilators has been studied by considering a few major segments, namely portability, interface, technology, application, and end user. 

The medical ventilator industry, with respect to portability, caters to stationary ventilators as well as portable ventilators. Portable ventilators enjoy higher demand than the stationary ones since these facilitate higher access for those affected by chronic obstructive pulmonary disease (COPD), cardiogenic pulmonary edema, and various respiratory disorders. Moreover, portable ventilators help intra-hospital and inter-hospital movement of the patients.

Interface-wise, the medical ventilator market can be considered for invasive and non-invasive. Non-invasive interface ventilators note significant demand as these offer benefits including cost-effectiveness, better tolerance, and easy availability. Additionally, it helps treat various diseases including respiratory muscle weakness, upper airway trauma as well as sinusitis.

The technologies discussed in the MRFR study of medical ventilator market include mechanical and automated. 

Top applications of medical ventilators are emergency care, neonatal care, critical care, and others.  

Major market end-users are hospital and clinics, home care settings, and more. Home care settings is the top segment in the market given that the elderly patient pool is expanding rapidly and require ventilators at home. 

Get customized Sample with complete Toc, Inclusive of COVID-19 Industry Analysis @https://www.marketresearchfuture.com/sample_request/695

Regional Study 

The Americas and APAC or Asia Pacific along with MEA or Middle East and Africa and Europe are the key markets for medical ventilators. 

Americas took the lead in the global market for medical ventilators market in the year 2019. The region has maintained its winning streak ever since, thanks to the expanding geriatric population coupled with the availability of medical insurance schemes. Focus on reducing the number of hospital stay and better patient experience adds to the demand for medical ventilators. The regional population is increasingly affected by respiratory disorders as well as chronic respiratory ailments, which has fostered the product demand. Meanwhile, the rise in government spending on the healthcare sector in the region also adds to the market value.

Europe could exhibit exponential growth between 2020 and 2027, in view of the escalating cases of COVID-19 and the dramatic rise in the need for ICU beds for patients admitted in hospitals, particularly in Italy. The burgeoning patient pool affected by chronic diseases will act in favor of the European market. Recent studies reveal that over 50 million people in the region suffer from some type of chronic disease, which has led to higher adoption of medical ventilators. 

The APAC is on track to capture a stunning CAGR in the coming years, by virtue of rising cases of chronic respiratory diseases and the surge in healthcare spending. The recent COVID-19 outbreak has also fostered the demand for medical ventilators as hospital admissions have risen considerably in the region. Moreover, strategic collaborations and agreements between the leading companies in the region and the massive patient pool requiring ventilation also strengthen the market position in the region. Soaring demand for modern and well-equipped healthcare facilities and the rapid emergence of the medical tourism sector in the region should benefit the medical ventilators industry in subsequent years. 

Reputed Companies 

Hamilton Medical (Switzerland), Allied Healthcare Products Inc. (U.S.), E. Healthcare (U.S.), Medtronic (Ireland), Getinge AB (Sweden), Resmed (U.S.), Koninklijke Philips NV (Netherlands), Smiths Medical (U.S.), Vyaire Medical, Inc. (U.S.), Drägerwerk AG & Co. KGaA (Germany), are the key manufacturers in the medical ventilator industry.

Latest News

March 2021

A prototype of a lung artificial liquid ventilator has been designed by Russia. This ventilator is the work of a group of specialists from the Urals Optical and MedicalPlant along with Gynecology and Perinatal Medicine Center and Advanced Research Fund and the Obstetrics. The specialists have worked on the medicalventilator with the aim to ensure patient’s safety while preventing barotraumas. 

Get Premium Research Report, Inclusive of COVID-19 Impact Analysis, Find more information@https://www.marketresearchfuture.com/reports/medical-ventilator-market-695