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Temporary Power System for Medical Ventilator Market: Introduction

  • Power systems play an important role in ensuring reliable and uninterrupted power supply for hospitals and other health care facilities. These systems enable hospitals to function at their usual pace even during emergency situations such as power blackouts and natural calamities. It is necessary for every health care center to install temporary power solutions such as generators in order to ensure the reliability of operations.

Key Drivers of Temporary Power System for Medical Ventilator Market

  • Of late, the demand for ventilators has been rising significantly due to the onset of the coronavirus pandemic across the world. For instance, in March 2020, Phillips announced plans to increase the production capacity of critical health products, including ventilators, from 1000 units per week to 2000 units per week. The ventilator system consists of a flexible breathing circuit, control system, monitor, air handling unit, and alarm. The ventilator system needs an uninterruptible power supply to operate smoothly and continuously. Thus, surge in demand for continuous and reliable supply of electricity to ensure the proper and smooth functioning of the medical ventilation system is expected to drive the global temporary power system for medical ventilator market.
  • Rise in prevalence of respiratory diseases (such as asthma and COPD), rapid growth in the geriatric population, and increase in number of preterm births are some of the key factors that are expected to propel the global temporary power system for medical ventilator market during the forecast period. High prevalence of unhealthy lifestyle habits (including smoking), rapid urbanization, and growth in pollution levels are some of the factors driving the number of cases of respiratory and cardiovascular diseases.
  • Technological advancement in design of portable power systems to optimize their operational efficiency is anticipated to boost the temporary power system for medical ventilator market in the near future

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Generator Type Segment Expected to Hold Major Share of Global Market

  • The global temporary power system for medical ventilator market can be segmented based on type and region
  • In terms of type, the global temporary power system for medical ventilator market can be divided into generator, UPS, and others. Generator is one of the extensively used power generation systems in the temporary power system for medical ventilator market. It is easy to operate and requires low maintenance. Furthermore, it is portable and cost efficient.

Key Developments

  • In September 2019, Himoinsa, a subsidiary of Yanmar Group, that manufactures and distributes power generation equipment, announced plans to open a new sales office in Morocco, Africa. This move is estimated to strengthen the company’s presence in Africa.

North America Expected to Hold Major Share of Global Temporary Power System for Medical Ventilator Market

  • In terms of region, the global temporary power system for medical ventilator market can be segregated into Middle East & Africa, Latin America, Asia Pacific, Europe, and North America
  • North America dominated the global temporary power system for medical ventilator market in 2018. This trend is anticipated to continue during the forecast period. Growth of the market in North America can be ascribed to the increase in investments in designing of medical ventilators and rise in number of cases of corona pandemic in the region.
  • In March 2020, Hamilton Medical, a subsidiary of Hamilton, a U.S.-based biotech company, increased production capacity of ventilator devices by 50% compared to the previous year. The company aims to double its production capacity by the end of April 2020.
  • The temporary power system for medical ventilator market in Asia Pacific is projected to expand at a fast-paced CAGR during the forecast period owing to the exponential growth in aging population in the region
  • The temporary power system for medical ventilator market in Europe is likely to expand at a moderate pace during the forecast period due to technological innovation in design of temporary power systems
  • The temporary power system for medical ventilator market in Latin America and Middle East & Africa is expected to expand at a sluggish pace during the forecast period. Increase in demand for continuous power supply to medical ventilators is anticipated to propel the demand for temporary power system for medical ventilators in these regions.

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Key Players Operating in Global Market

Leading companies operating in the global temporary power system for medical ventilator market include:

  • Caterpillar
  • Himoinsa
  • Cummins
  • Generac
  • Kohler
  • Makvolt Power
  • Toshiba

Global Temporary Power System for Medical Ventilator Market: Research Scope

Global Temporary Power System for Medical Ventilator Market, by Type

  • Generator
  • UPS
  • Others

Global Temporary Power System for Medical Ventilator Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Sweden
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

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The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

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The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

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The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

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The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

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10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Temporary Power System For Medical Ventilator Market

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