Medical Gas Analyzer Market 2026 | COVID - 19 Impact Analysis & Top Players Startegy - Draeger, Vyaire Medical, Philips Respironics, Smiths Medical, Becton Dickinson and Company, Ventinova, Medtronic

Mechanical ventilator is 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 breath 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 patient or NIV face mask. Ventilators are often used during surgery when patient is given anesthesia, ventilators help putting patient to sleep without interrupting normal breathing. It also diagnoses airway resistance and irregular functioning of respiratory system. The failure of ventilators may result in death so it is classed as life critical system and should be highly reliable.

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The device is used among patients who have had suffered a spinal cord injury, stroke or neuromuscular disorder or are suffering from chronic obstructive pulmonary disease (COPD), apnea, acute lung injury or hypoxemia.
Currently, portable mechanical ventilator is the most widely used ventilator in the market.
The global mechanical ventilator market size was valued at US $ XX billion in 2018 and is expected grow at a CAGR of XX% over the period of forecast.

Global Mechanical Ventilator Market Drivers:
Major drivers, driving the mechanical ventilator market include increase in incidence of COPD, growth in the geriatric population, technological innovations and advancements in portability and design and supportive government funding.
According to World Health Organization (WHO), 65 million people suffer from moderate to severe COPD in 2017, causing 3 million deaths. COPD is third most fatal disease across the globe. Increasing cases of COPD, bronchitis and asthma are due to rise in air pollution levels. WHO data states that 9 out of 10 people are breathing air containing high level of pollutants.

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According to 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. Geriatric population is associated with many serious respiratory disorders which require continuous long term ventilation.

Global Mechanical Ventilator Market Restraints:
Tight budgetary constraints faced by ventilator manufacturers and healthcare service providers and risks associated with mechanical ventilation procedures like entry of bacteria into the lungs via the endotracheal tube causing pneumonia or injury of lung are restricting the growth of this market.

Global Mechanical Ventilator Market Segmentation:
The global mechanical ventilator market is segmented on the basis of product type as stationary ventilator and transport/portable ventilator, on the basis of age group as intensive/critical care ventilator and neonatal ventilator, by interface as non-invasive ventilator and invasive ventilator, by mode as combined mode ventilator, volume mode ventilator and pressure mode ventilator, by end user and by region.

According to Draeger, a major key player in the mechanical ventilator market, transport/portable mechanical ventilators held XX% of the market share in 2018 and is expected to increase to XX% by 2026. This is due to increased usage of portable ventilators in hospitals to provide continuous and faster care to patients before their arrival in the premises. Portable ventilators prompt the patients to adopt home care thus increasing patient's safety and comfort.

Neonatal care is also expected to witness the rise in market share by 2026. According to WHO, every year an estimated 15 million babies are born preterm and the numbers are rising, these babies need oxygen therapy immediately after birth.
Global Mechanical Ventilator Market Geographical Analysis:

According to geography, the mechanical ventilator market is segmented into North America, Europe, South America, Asia-Pacific and rest of the world.
North America accounted for the largest market for mechanical ventilators in the year 2018 followed by Europe and Asia Pacific. U.S. is estimated to have a market share of XX% in 2026.

According to The American Association for the Surgery of Trauma, 890,257 hospitalizations in U.S. involved mechanical ventilation in 2018, representing 3.8 episodes of mechanical ventilation per 1000 population. Robust healthcare system, strong research activities, awareness of latest health care technologies and the presence of major market players like Bunnell Inc., ResMed Inc., Smiths Medical, and Medtronic plc. are the key factors attributed to the large share of mechanical ventilators market in North America.

According to Center for Disease Control and Prevention, COPD was the third leading cause of death in the United States in 2018; high cases of COPD are due to increase in smoking and air pollution. According to WHO statistics U.S. is responsible for 5% of total global air pollution.
Europe is anticipated to register a profitable growth over the forecast period. According to European Lung Foundation, there is significant rise in the cases of COPD in 2017, around 2 to 3 lacks people die each year in Europe because of COPD. According to British lung Foundation, in 2018, approximately 2% of the entire population and 4.5% of all people aged over 40 are living with diagnosed COPD in UK.

Global Mechanical Ventilator Market Competitive Analysis:

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, Vyaire Medical, a global leader in respiratory care acquired Acutronic Medical Systems which is a globally recognized manufacturer of neonatal ventilation equipments.
In September 2017, Mindray Bio-Medical Electronics Co., Ltd. launched ventilator SV800 and increased its product portfolio.

In September 2017, Becton Dickinson acquired C.R. Bard and CareFusion to enhance the company's respiratory health product portfolio.
In August 2017, Ventinova launched its new mechanical ventilator Evone and started introducing it in selected hospitals in Europe from 2018.

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Target Audience:
Ventilator manufacturers
Hospitals and clinics
Home healthcare facilities
Healthcare insurance providers
Market research and consulting firms
Venture capitalists and investors

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