The global ventilators market size is expected to reach USD 20.03 billion by 2028 according to a new study by Polaris Market Research. The report “Ventilators Market Share, Size, Trends, Industry Analysis Report, By End-Use (Hospitals, Ambulatory Surgical Centers, Home Healthcare); By Product; By Accessories; By Interface; By Regions; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.
A ventilator is a medical device that helps in mechanical ventilation by assisting the patient’s lungs to inhale oxygen and exhale carbon dioxide. It is used to treat patients suffering from respiratory illnesses such as COPD and other conditions such as brain injury, stroke, pneumonia, and neonatal respiratory distress syndrome.
There are various types of ventilators available in the market that includes face mask ventilator, mechanical ventilator, manual resuscitator bags, and tracheostomy ventilator. Mechanical and tracheostomy ventilators belong to invasive forms of ventilators and where tubes are inserted into the throat, whereas a face mask ventilator is a noninvasive form of the ventilator. A face mask ventilator is sufficient to improve the condition of patients with mild respiratory problems, but for severe cases, mechanical ventilation is necessary.
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The need for ventilators has increased in recent years due to increased chronic respiratory illness owing to increased pollution and tobacco smoking. COPD is the third leading cause of death worldwide, with more than 500 million people living with the disease. The increasing demand has resulted in the introduction and approval of new ventilator products.
For instance, BreathDirect received FDA emergency approval for its BDR-19 ventilator in March 2021. In March 2021, engineers from Loughborough University developed an innovative, cost-effective non-electric ventilator known as the ShiVent system to tackle the COVID-19 pandemic. The system has undergone trials in Nigeria and India, and now the team plans to commercialize the ventilator in Asia and Sub-Saharan Africa.
Market Participants such as Resmed Inc., Shenzhen Mindray Bio-Medical Electronic Co., Ltd., Airon Corporation, Allied Healthcare Products, Inc., Nihon Kohden Corporation, Asahi Kasei Corporation, Vyaire Medical, Inc., Dragerwerk AG & Co. KGaA, Fisher & Paykel Healthcare Limited, Air Liquide S.A, General Electric Company (GE Healthcare), Getinge AB, Hamilton Medical, Koninklijke Philips N.V., Avasarala Technologies Ltd, Metran Co., Ltd., Smiths Group plc, Ventec Life Systems, and aXcent medical GmbH are some of the key players operating in the global market.
Polaris Market Research has segmented the ventilators market report on the basis of product, interface, end-use, and region:
Ventilators Product Outlook (Revenue – USD Million, 2016 – 2028)
- Instruments/ Ventilator Machines
- ICU Ventilator
- AICU Ventilator
- NICU Ventilator
- Emergency and Transport Ventilator
- ICU Ventilator
- Ventilator Masks
Ventilators Interface Outlook (Revenue – USD Million, 2016 – 2028)
- Non-Invasive Ventilator
- Invasive Ventilator
Ventilators End-use Outlook (Revenue – USD Million, 2016 – 2028)
- Ambulatory Surgical Centers
- Home Healthcare
Ventilators Regional Outlook (Revenue – USD Million, 2016 – 2028)
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa