The Global Ventilator Market is growing at high rate due to increasing prevalence of respiratory diseases, high population base of geriatric people worldwide, increasing number of premature births and sudden outbreak of COVID-19—an acute respiratory disease—are some major growth determinants of the global market.
The ventilator is a mechanical system which is used to support patients with severe respiratory conditions that impact the lungs, including in cases of pneumonia and some cases of COVID-19. Ventilators are used to transfer breathable air to manage breaths of patients. Ventilators are majorly used in intensive care units, emergency medicine (as stand-alone units), home care, and anesthesiology.
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Segmentation Overview of the Global Ventilator Market
The Global Ventilator Market is segmented on the basis of Mobility, Type, Mode and End-User. These market segments are further categorized into various sub-segments to study the market in detail.
The Mobility Segment of the Global Ventilator Market is Sub-Segmented into:
- Portable/Transportable Ventilator
- Critical Care
- Intensive Care Ventilators
- High-End ICU Ventilators
- Mid-End ICU Ventilators
- Basic ICU Ventilators
The Type Segment of the Global Ventilator Market is Sub-Segmented into:
- Adult/Pediatric Ventilators
- Infant/Neonatal Ventilators
The Mode Segment of the Global Ventilator Market is Sub-Segmented into:
- Pressure-Mode Ventilation
- Volume-Mode Ventilation
- Combined-Mode Ventilation
- Other Modes
The End-User Segment of the Global Ventilator Market is Sub-Segmented into:
- Hospitals & Clinics
- Emergency Medical Services
- Ambulatory Care Centers
- Home Care
Regional Overview of the Global Ventilator Market
Based on the region, the global ventilator market was analyzed across North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. As per the analysis, the North American market is leading the global market owing to the availability of developed and well-equipped hospitals and increasing healthcare expenditure in countries such as Canada and the U.S. While, the Asia Pacific region is expected to witness high growth owing to high population base of geriatric people in the countries such as South Korea and Japan. India accounted as the largest importers of ventilators in the APAC region that offers lucrative opportunities for the market players around the world.
Considering the current pandemic situation, Europe is severely impacted region after China from the outbreak of coronavirus. Italy has outperformed China and is the new epicenter of the COVID-19 outbreak, reporting more than 12,428 deaths in 105,792 coronavirus cases as of 31st March 2020, as per the worldometer. India and other effected countries are boosting their production capacity of ventilators to support the increasing demand of ventilators in severe cases of coronavirus.
Key Players Insights
Allied Healthcare Products, Asahi Kasei, Air Liquide, Fisher & Paykel, GE Healthcare, Hamilton Medical, Smiths Group, Dräger, Getinge, Becton, Dickinson and Company, Medtronic, Resmed and Philips are some major companies included in the research studies of the global ventilator market. Companies are increasingly boosting their production capacities to fulfill the rapidly growing demand of ventilators in the global market, due to the sudden outbreak of COVID-19 worldwide. For instance:
On 19th March 2020, Medtronic pledges to manufacture ventilators 24*7 to fulfill the urgent demand of ventilators to fight against the novel coronavirus. The company doubled its manufacturing potential and workforce to fulfill the high demand of ventilators.
On 24th March 2020: GE Healthcare and Ford partnered to rapidly produce ventilators required in the treatment of COVID-19 Patients with major focus to meet the urgent need of current pandemic.
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