Global Portable Non-Invasive Ventilators Market Size, Trends & Analysis - Forecasts to 2026 By Component (Ventilator Unit, and Consumables & Accessories), By Type of Ventilator (Neonatal and Adult Ventilator), By End User (Home Healthcare, Hospitals & Specialty Clinics, and Emergency Medical Centers) By Region (Europe, North America, MEA, Asia Pacific, and CSA) Vendor Landscape, Company Market Share Analysis, End-User Landscape, and Competitor Analysis
Portable Non-Invasive Ventilators Market Insights
The portable non-invasive ventilators market is expected to grow at a 15.2% CAGR. A ventilator is a machine that encourages you to inhale when you're sick, harmed, or calmed for an activity. It siphons oxygen-rich air into your lungs. It likewise encourages you to inhale out carbon dioxide, an unsafe waste gas your body needs to dispose of. Due to the rising preference for non-invasiveness in the field of medical devices and due to increasing demand for point of care and portable medical management, the market is witnessing the launch and trend of non-invasive portable ventilators lately. Portable ventilators are lightweight and can be moved effectively starting with one spot then onto the next inside the house, medical clinic, and ambulatory service, or any other location. They can work in requesting conditions with basic support. Commonly, these compact ventilators drive air into the breathing circuit with an engine-driven cylinder or a turbine. Moreover, due to the recent outbreak of COIVD-19 virus, rising use of ventilators in sleep apnea therapies, anesthesia management, and lung-related infection, the medical industry has experienced pressure on the shortage of ventilators per patient along with the number of hospital beds per patient. The major driver for this market is ought to grow faster than the traditional ventilator machines, due to the onset of the COVID-19 pandemic. However, other supportive parameters for this market are the growing geriatric patient population who are getting treated on a stay-home medical management basis, increasing healthcare expenditure both from the government and the buyers and a rise in inpatient admission in the hospital. Furthermore, the rising life expectancy of the patient population across the globe will help increase the adoption rate of portable non-invasive ventilators from 2020-2026.
Portable Non-Invasive Ventilators Market: By Component
Based on the availability of portable ventilators, this market can be segmented into the ventilator unit and consumables & accessories. However, owing to increasing COVID-19 patients across the world, and the rising trend of stay home geriatric patients, the market for the system or unit is ought to be the highest and fastest-growing from 2020 to 2026.
Portable Non-Invasive Ventilators Market: By Type of Ventilator
As per the usability and patient’s age, these portable machines are designed for addressing two major types of patients, namely, neonates, and adult patients. The adult ventilators will have a larger market share as compared to the neonates owing to the high prevalence of geriatric patients, and the high prevalence of COVID-19 adult patients.
Portable Non-Invasive Ventilators Market: By End User
The consumers of such innovative ventilators home healthcare, hospitals & specialty clinics, and emergency medical centers. The home healthcare segment will grow the fastest owing to the nature of the product designed specifically for patients who are staying at home for their treatment. Also, the emergency medical centers will the 2nd fastest-growing segment owing to the increasing importance of point-of-care medical service to the patients.
Portable Non-Invasive Ventilators Market: By Region
As per geographic understanding of this market, North America will be the largest segment owing to increasing awareness of highly portable and non-invasive ventilators. Also, increasing government support and expenditure for healthcare infrastructure will help this regional market maintain its top position. However, across the Asia-Pacific region, the increasing COVID-19 cases, rising number of treatment for sleep Apnea therapies, and increasing patient administration to anesthesia will support the high growing CAGR of this market.
Portable Non-Invasive Ventilators Market Share and Competitor Analysis
Global Medical Solutions, Ventec Life Systems, Airon Corporation, Avasarala Technologies Limited, aXcent medical, Ventmed, ArrayMed, Resmed Stellar, Medeco, Seco, Inovytec, Heinen und Löwenstein, KARE, Dymind Biotech, and Apex among others are the prime players in this market
Please note: This is not an exhaustive list of companies profiled in the report.
In September 2020, SpiceJet company launched portable and non-invasive patient-friendly ventilators for addressing patients with mild-to-moderate breathing issues and COVID-19 complications.
In March 2020, Medtronic launched design specifications related to its portable ventilator product namely Puritan Bennett 560. This will help various participants across healthcare industries to design and evaluate further options for producing non-invasive ventilators and support the outbreak burden.
Check the Press Release on Global Portable Non-Invasive Ventilators Market Report
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The Global Portable Non-Invasive Ventilators Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 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 Portable Non-Invasive Ventilators 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 companies and customer analytics.
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