Global Mechanical Ventilator Market Size, Trends, and Analysis - Forecast to 2026 By Product (Critical CareVentilators (Ventilators, Accessories), Neonatal (Ventilators, Accessories), Transport & Portable Ventilators (Ventilators, Accessories), and Others), Competitive Landscape, Company Market Share Analysis, and Competitor Analysis
Many cases of severe diseases or advanced surgical operations can make patients breathless and require external systems to help and support them breath efficiently when the surgical procedures are being carried out. Mechanical ventilators are those machines that assist patients in breathing when they cannot breathe efficiently and adequately on their own. These ventilators act as their life support and take over the responsibility of breathing when the patient is incapable of doing so.
Studies have shown that approximately over 20 million people across the world are admitted under Intensive Care Units (ICUs) and Mechanical Ventilators every year. The rate of dependency on mechanical ventilators among these people suffering from chronic and severe health issues is showcasing a continuous upwards trend in many countries. The ratio of these ventilator-assisted individuals is also surging by passing year, with a prolonged need for mechanical ventilators. In a developed country like the USA, 38% of the patients admitted under the Intensive Care Units (ICU) are eventually mechanically ventilated. Various organizations like the National Association For Medical Direction of Respiratory Care (NAMDRC) have defined prolonged mechanical ventilation as the need for mechanical ventilators for 6 hours per day straight for more than 21 consecutive days. Recent studies in Canada have shown that 5% of the patients require prolonged mechanical ventilation out of the total patients under mechanical ventilators.
The mechanical ventilators are the best choice for patients who are unable to deliver the high concentration of oxygen rates required for the heart to operate. These ventilators also enable the professionals to decrease the rate of carbon dioxide from the body, which the patient by himself is not able to exhale out. In cases of severe infections, the patient requires energy to recover from the extensive treatments, and that is when these mechanical ventilators assist the patients in saving their energy in breathing and recovering quickly. These ventilators are also significantly used when the patient is unconscious due to surgical procedures or severe infections.
Mechanical ventilators are considered life-sustaining treatments that help professionals to prolong the patient's life. Besides, these ventilators are highly required in emergency cases, and deciding on using ventilators or not are difficult decisions for the professionals and family members, as there are quite a few risks involved in the process like lungs damage or infections, or weak response of the patient to the treatment, which can lead to mortality. Studies have shown that 62% of the patients under mechanical ventilators have survived and have successful treatments from using mechanical ventilators. However, recent studies have also reported that patients with Prolonged Mechanical Ventilation (PMV) have shown a 59% mortality rate.
Besides these, the recent ongoing COVID-19 pandemic has left all the international health organizations and decision-makers to scrutinize every possible measure and outcome for the severely affected patients. The COVID-19 pandemic has severely affected quite a massive number of people, thus requiring ICU administration and mechanical ventilation. Reports and datasets have shown that 89.9% of the USA residents affected by the COVID-19 virus required the assistance of mechanical ventilators to sufficiently deliver oxygen to their hearts. Reports have also shown that 75% of the patients severely affected by the virus all around the world were hospitalized under intensive care units with the support of mechanical ventilators. The pandemic has showcased a surge in the requirement of mechanical ventilators like never before. It was observed that the hospitals across the USA had 62,000 fully functional mechanical ventilators before the pandemic strike. Calculations and predictions by CDC Strategic National Stockpile showcased that approximately 98000 mechanical ventilators are required to deliver the service to the drastically increasing COVID-19 patients. The pandemic of COVID-19 had a significant effect on the mechanical ventilator industry.
Based on the product type the mechanical ventilators market is classified intocritical care ventilators, neonatal, transport & portable ventilators, and others. Critical Care ventilators are most prominently demanded within the public healthcare sectors of various countries. These critical care ventilators are extensively used when a patient is unable to breathe by himself and requires extra support from these ventilators when admitted to intensive care units. These critical care ventilators are tremendously efficient in providing life support to individuals ranging from all age groups, especially to patients of very critical or unstable recovery rates to patients with comparatively stable post-operative conditions.
Also, transport and portable mechanical ventilators are expected to witness fast growth during the forecast period. The COVID-19 pandemic has created situations with emergency support of ventilators. In situations where the patient in a critical condition resides far away from the hospital centers, these transport and portable mechanical ventilator are the best choices to provide emergency support without losing critical time. These transportable and portable mechanical ventilators are designed specially to cater to an emergency that manually ventilates the patient during transport situations. These transport ventilators are compact in size and shape, with less complex procedures that can be incorporated in ambulances, aircraft, or other emergency vehicles. These also exhibit beneficial features like automatic delivery of air or oxygen to the patient with significantly less intervention. It also has user-friendly controls and advanced monitoring systems.
North America is the most dominant region in the mechanical ventilator market, with the most significant number of end-users. The number of patients with the requirement of ventilators is prominently high in North American countries like the USA and Canada. These countries also have a significantly high contribution to the medical and healthcare sector as compared to the rest of the regions. The countries in this region have also experienced a drastic increase in the use of mechanical ventilators in the year 2020-2021 due to the rise in individuals affected by the COVID-19 pandemic. The organizations like Americal Association for Respiratory Care in this region have also been putting out guidelines and programs to train the emerging practitioners about operating these mechanical ventilators in the case of emergencies.
The Asia Pacific region has been witnessing a fast growth rate in demand for mechanical ventilators. The countries in the Asia Pacific region have significantly high population rates as compared to the rest of the world, which correspondingly increases the requirement of these mechanical ventilators, especially in situations like the COVID-19 pandemic. These countries like India, China, Japan, Korea have witnessed an extensive surge in mechanical ventilator requirements in the last few years. In the pre-COVID-19 period, these countries experienced an increase in chronic diseases with severe infections and intensive care. These regions have also experienced an increase in government expenditure in the medical and healthcare sectors to facilitate adequate and appropriate infrastructure and resources. There has also been an emergence of new privately and independently-run hospitals and clinics with highly equipped and advanced devices and resources required to treat severe and emergency cases and illnesses.
Vyaire Medical Inc., Getinge AB, Medtronic, Drägerwerk AG & Co. KGaA, Hamilton Medical, GE Healthcare, Koninklijke Philips N.V., and Smiths Medical are a few of the most prominent industry players.
Please note: This is not an exhaustive list of companies profiled in the report.
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The Global Mechanical Ventilator Market has been studied from the year 2019 till 2026. However, the CAGR provided in the report is from the year 2021 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Mechanical Ventilator Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.
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