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  3. Mechanical Ventilators Market Segmentation by Product Type - Critical Care Ventilators, Neonatal Ventilators, Transport and Portable Ventilators; Interface - Invasive Ventilators, Noninvasive Ventilators; End user - Home care, Hospitals and Clinics, Ambulatory Surgical Centers

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Global Mechanical Ventilators Market - Snapshot

The global mechanical ventilators market has been expanding significantly over the last two decades, and the market has been characterized by technological innovation and increase in preference for portable and home-care ventilators. Rapid rise in the geriatric population, increase in incidence of chronic obstructive pulmonary disease (COPD), rise in incidence of respiratory emergencies, and technological innovation in respiratory care devices are major environmental factors that drive the mechanical ventilators market. However, tight budgetary constraints faced by ventilator manufacturers and healthcare service providers are key factors that, currently, restrain the market.

mechanical ventilators industry

Technical advances, such as rapid innovation in the field of positive airway pressure (PAP) devices, portability, and improvement in battery life of transport and portable devices, are the primary influences in the mechanical ventilators market. Portability and easy movement of patients have expanded the mechanical ventilators market. Incorporation of portability in ventilators installed in critical care units has benefitted clinicians by bringing more flexibility in treatment, in accordance with changes in patient conditions and cost saving, by moving patients to low-cost care settings.

The global mechanical ventilators market was valued at around US$ 1,621.5 Mn in 2017 and is anticipated to reach US$ 2,937.3 Mn by 2026, expanding at a CAGR of 6.9% from 2018 to 2026. Increasing prevalence of chronic diseases in the geriatric population, favorable reimbursement scenario, and increasing government initiatives toward geriatrics can be attributed to the expansion of the mechanical ventilators market during the forecast period.

The global mechanical ventilators market has been segmented based on product type, interface, end-user, and region. In terms of product type, the mechanical ventilators market has been divided into critical care ventilators, neonatal ventilators, and transport and portable ventilators. In terms of interface, the market has been segregated into invasive ventilators and noninvasive ventilators. The critical care ventilators segment accounted for a prominent share of the market, in terms of revenue, in 2017. The segment is also expected to expand at a CAGR of 6.8% during the forecast period.             

In terms of region, North America accounts for a leading share of the global mechanical ventilators market, in terms of revenue, followed by Europe. High prevalence of respiratory diseases coupled with the presence of sophisticated healthcare infrastructure and rising per capita healthcare expenditure are boosting the market in the region. Moreover, strong research and development activities in the region promoting the development of new respiratory devices have contributed to the significant market share held by the region in the global mechanical ventilators. The contribution of revenue from the developed Western European economies, such as the U.K., Germany, France, and Italy, is responsible for the prominent share held by Europe in the global market. The amplifying base of the target patient population, i.e., geriatric people (over the age of 65 years) is anticipated to drive the mechanical ventilators market in Europe during the forecast period.

The mechanical ventilators market in Asia Pacific is expected to expand at a significant pace due to developing healthcare infrastructure and increasing government support for people. Other regions, such as Middle East & Africa and Latin America, are expected to be lucrative markets for mechanical ventilators in the near future, due to the high rate of adoption of advanced medical devices coupled with the rapid expansion of the health care industry in these regions.

Prominent players operating in the global mechanical ventilators market include Teleflex Incorporated, VYAIRE, Dragerwerk AG & Co. KGaA, GE Healthcare, Medtronic plc, Koninklijke Philips N.V., Smiths Medical, ResMed Inc., Bunnell Inc., and Getinge AB.

Global Mechanical Ventilators Market: Overview

This report on the global mechanical ventilators market analyzes the current and future prospects of the market. The report comprises a comprehensive executive summary, including a market snapshot that provides overall information of various segments. The research is a combination of primary and secondary research. Primary research formed the bulk of our research efforts along with information collected from telephonic interviews and interactions via e-mails. Secondary research involved study of company websites, annual reports, press releases, stock analysis presentations, and various international and national databases. The report provides market value in terms of US$ Mn for each segment for the period from 2016 to 2026, considering the macro and micro environmental factors. Growth rates for each segment within the global mechanical ventilators market have been determined after a thorough analysis of past trends, demographics, future trends, technological developments, and regulatory requirements.

A detailed qualitative analysis of factors responsible for driving and restraining the market and future opportunities has been provided in the market overview section. The report also provides insights into the key trends of the mechanical ventilators market. Market value in terms of US$ Mn for the period between 2016 and 2026 along with the compound annual growth rate (CAGR %) from 2018 to 2026 are provided for all the segments, considering 2017 as the base year. The year-on-year growth of the global mechanical ventilators market for each segment is also reflected. Additionally, market-related factors such as increasing prevalence of chronic disease, rising geriatric population, favorable government policies, developing healthcare infrastructure in emerging countries, and historical year-on-year growth have been taken into consideration while estimating the market size.

Global Mechanical Ventilators Market: Key Segments

The global mechanical ventilators market has been segmented based on product type, interface, end-user, and region. In terms of product type, the mechanical ventilators market has been divided into critical care ventilators, neonatal ventilators, and transport and portable ventilators. In terms of interface, the market has been segregated into invasive ventilators and noninvasive ventilators. In terms of end-user, the market has been classified into home care, hospitals and clinics, ambulatory surgical centers, and others

Global Mechanical Ventilators Market: Regional Outlook

In terms of region, the global mechanical ventilators market has been categorized into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Additionally, the regions have been further segmented into major countries in each of the regions. These include the U.S., Canada, the U.K., Germany, France, Italy, Spain, China, Australia & New Zealand, Japan, India, Brazil, GCC, South Africa, and Mexico.

Companies Mentioned in Report

The report also profiles major players in the mechanical ventilators market based on various attributes such as company overview, financial overview, SWOT analysis, key business strategies, product portfolio, and recent developments. Key companies profiled in the report include Teleflex Incorporated, VYAIRE, Dragerwerk AG & Co. KGaA, GE Healthcare, Medtronic plc, Koninklijke Philips N.V., Smiths Medical, ResMed Inc., Bunnell Inc., and Getinge AB.

The global mechanical ventilators market has been segmented as follows:

Global Mechanical Ventilators Market, by Product Type

  • Critical Care Ventilators
  • Neonatal Ventilators
  • Transport and Portable Ventilators

Global Mechanical Ventilators Market, by Interface

  • Invasive
  • Noninvasive

Global Mechanical Ventilators Market, by End-user

  • Home care
  • Hospitals and Clinics
  • Ambulatory Surgical Centers
  • Others

Global Mechanical Ventilators Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • Australia & New Zealand
    • Japan
    • China
    • India
    • Rest of Asia Pacific
  • Latin America (LATAM)
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa (MEA)
    • GCC
    • South Africa
    • Rest of Middle East & Africa
.