Ventilator is a medical device which helps an ailing patient to breathe by allowing the passage of breathable air into and out of the lungs. Ventilator mainly blows air (oxygen rich) into the airways (include nose and linked air passages, mouth, larynx, trachea or tubes called bronchial tubes and their branches) and then the lungs. It also carries carbon dioxide out of your lungs. By various modes of ventilation, ventilators are set to deliver a constant volume (volume cycled), a constant pressure (pressure cycled), airway pressure release ventilation (APRV), pressure regulated volume control (PRVC), assist-control ventilation (ACV) or by the delivery of positive pressure ventilation via a tight-fitting mask that covers the nose or both the nose and mouth (Noninvasive positive pressure ventilation). Ventilation modes cannot cure a disease fully but they are able to support the patient until his/her recovery period is completed. Global ventilators market has registered significant growth rate and the segment for non-invasive, homecare and portable ventilators is expected to represent a healthy growth rate. Globally in the ventilators market, non-invasive ventilator is estimated to be the fastest growing segment.
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Global Ventilators Market: Drivers and Restraints
The global ventilators market is anticipated to be driven by high rate of neonatal cases and the increasing number of elderly individuals with diseases such as congestive heart failure (CHF), chronic obstructive pulmonary disease (COPD), sleep apnea, increased prevalence of respiratory emergencies, etc. Furthermore, there is also an increase in the relevance of hospitals and rehabilitation centers to transfer long-term patients to home care settings which is expected to increase the demand for portable ventilators. Increasing number of surgeries, demand for cost-saving and high-end (especially noninvasive, transport, neonatal, portable, and long-term care) technologies which can accommodate a broad range of treatment capabilities in critical care is projected to boost growth of the global ventilators market. However, budget constraints faced by manufacturers of ventilators are expected to restrain the growth of the global ventilators market over the forecast period.
Global VentilatorsMarket: Regional Outlook
Geographically, the global ventilator market is segmented into seven regions, namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and the Middle East and Africa (MEA). North America is the largest regional segment of the overall ventilator market, followed by Western Europe region in the global ventilator market. Currently, APEJ ventilator market is another lucrative region in terms of volume and the trend is expected to continue through 2026. The substantial growth rate of the global ventilators market is mainly attributed to the geriatric population worldwide, rising incidences of cardio-vascular & respiratory diseases, extensive growth in healthcare expenditure, and rapidly growing healthcare industry. The incidences of respiratory failure are primarily arising from the developing nations. Proper implementation, by improvising healthcare infrastructure and by spreading awareness among the people, could fuel growth of the global ventilators market in the developing regions.
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Global VentilatorsMarket: Key Players
The key players in the ventilators marketare
- Carefusion Corp.
- Covidien plc
- Drager Medical GmbH
- MAQUET Gmbh & Co. KG
- Phillips Healthcare
- Acoma Medical Industry Co. Ltd.
- Bunnell Inc.
- GE Healthcare Ltd.
- HAMILTON MEDICAL AG
- Mindray Medical International Ltd.
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