Emergency Ventilator Market Report Analysis Key Trends, Application areas and Forecast by 2032

The global emergency ventilator market size was valued at USD 5.5 billion in 2021 and is projected to reach around USD 4.2 billion in 2030 exhibiting a CAGR of 4.5% in the forecasted period. The growth in number of medical care units and ICU beds, increase in incidence & prevalence of chronic and infectious diseases are projected to drive the emergency ventilator market over the years. Moreover, urbanization and increasing pollution level, rapid upsurge in geriatric population, and surge in incidence of preterm births are projected to increase the market growth. However, high cost of ventilators and their arrangement is expected to prompt people to choose substitute oxygenation therapies. Moreover, some difficulties are related to the usage of ventilators.

The market is principally driven by increasing concern among people about their health and safety. Ambulances are fixed with emergency ventilators that help patients avail medical necessities on their way to the hospital. All these are factors drive the ventilator market; however, high cost of ventilators and their setup is likely to prompt people to prefer alternative oxygenation therapies. Furthermore, some complications are associated with the usage of ventilators. These factors are hampering the market. As per the Centers for Disease Control and Prevention, chronic obstructive pulmonary disease (COPD) is the fourth-leading cause of demise in the U.S. Tobacco smoke reasons major damage in the U.S.; however, 1 out of 4 individuals with COPD has never smoked in their life. Above 140,000 U.S. citizens die of COPD per year, i.e., is 1 death every 4 minutes. COPD is a vital cause of death, globally. It is anticipated to become the world's third-biggest health threat by the end of 2020.

The COVID-19 pandemic has been beneficial for the market and it rendered a positive impact on the market growth. The necessity for ventilation facilities throughout the COVID-19 outbreak rapidly improved day-to-day functioning capabilities. The American Association for Respiratory Care joined hands with the numerous organizations to train respiratory therapists on operative ventilators during COVID-19. This has further moved the market players to upsurge their production capabilities to meet the increased demand. Several manufacturers were flooded with orders throughout the pandemic. In March 2020, Philips declared that it ramped up the production of critical care products and solutions to support the diagnosis and treatment of patients with COVID-19. The company also enlarged the manufacture of patient vital signs monitors and portable ventilators and consumables for invasive and non-invasive ventilation to treat a broad range of breathing problems.

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Type Insights

Based on type, the market is segmented into volume-controlled ventilation modes, pressure-controlled ventilation modes, spontaneous breathing (non-invasive). The volume-controlled ventilation modes segment is expected to hold the maximum market share. The factors can be accredited to less side-effects of treatment and a high degree of accuracy.

Application Insights

On the basis of application, the market is bifurcated into children, adults, and infant. The adults segment is expected to hold the most substantial CAGR in the estimated period owing to the increasing use of emergency ventilators for adults all over the world.

End User Insights

On the basis of end user, the market is bifurcated into hospitals, home healthcare, and others. The hospitals segment is expected to hold the most substantial share in the estimated period owing to growing hospitals' expenditure that permits the approval of technologically advanced ventilators. In addition, the convenience of skilled health care providers to function these ventilators, the enlarged emphasis on better health results, and better productivity of hospitals are contributing to the segment growth.

The home healthcare segment is predicted to witness the fastest growth during the forecast period. A growing number of government enterprises intended at curbing healthcare expenditures by endorsing home healthcare support the market growth.

Region Insights

North America held a notable share of the global ventilators market in 2021. A growing number of critically ill COVID-19 patients in the U.S. (4,813,647 as of 3 August 2020) and the presence of prominent manufacturers applying production boosts are key elements boosting the regional market. Moreover, the U.S. automotive giants like Ford, Tesla, and GM have switched their assembly lines for medical supplies such as mechanical ventilators, masks, and other medical devices to assist the government with the deficiency problems of these devices. This, in turn, caused in the significant growth of the regional market.

The market in the Asia Pacific region is anticipated to expand at a prominent CAGR during the forthcoming period. Fast expansion of the healthcare business in China and India and a rapid upsurge in COVID-19 patients is anticipated to drive the demand for emergency ventilators in the near future. Major factors that projected to boost the market in the region are upsurge in the elderly population, growth in accessibility to ventilators, increase in investments in the region by major market players, and existence of a favourable regulatory environment in the region.

Key Companies Insights

To stay competitive in the total market, players are using new methods such as new product development, mergers and acquisitions, joint projects, and geographic expansions. Some of the key companies working in the global emergency ventilator market include:

· Koninklijke Philips N.V.

· ResMed

· Medtronic plc

· Becton, Dickinson and Company

· Getinge

· Drägerwerk AG

· Smiths Group plc

· Hamilton Medical

· GE Healthcare

· Fisher & Paykel

· Air Liquide

· Zoll Medical Corporation

· Allied Healthcare Products, Inc.

· Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

· Schiller

· Other players

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Some of the Recent Developments:

· In November 2020, Philips's Ventilator BiPAP A40 EFL enables health care specialists to automatically screen and identify expiratory flow limits to provide optimal homecare treatment. Thereby, the launch of new products with advanced technology is estimated to boost the market growth.

· In March 2020, Hamilton Medical accelerated the production of some 15,000 mechanical ventilators yearly by 30.0% - 40.0% and is now manufacturing about 80 mechanical ventilators daily.

Segments

By Type

· Volume-controlled ventilation modes

· Pressure-controlled ventilation modes

· Spontaneous breathing (non-invasive)

By Application

· Children

· Adults

· Infant

By End User

· Hospitals

· Home Healthcare

· Others

Global Emergency Ventilator Market: Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the size of the market and to estimate the size of various other dependent sub-markets of various marketspaces. The key players in the markets are identified through secondary research, and their market contributions in different applications across regions and globally were determined through primary and secondary research. This entire process included the study of the annual and financial reports of the top market players and extensive interviews for key insights with industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All the possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analysed to arrive at the final quantitative and qualitative data. This data has been consolidated, and detailed inputs and analysis from Analytics Market Research added before being presented in this report.

Reasons to Purchase Emergency Ventilator Market Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come

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