About Medical Ventilators
A medical ventilator is referred to as an artificial respiratory assistance machine which is designed to provide ventilation to the patients who are struggling with breathing. It is a highly delicate task to assist individuals with their breathing, wherein the safety and reliability of the equipment are of utmost importance. Ventilators are primarily used in emergency medicine, intensive care medicine, home care, and in anesthesiology. Due to the amalgamation of various factors the demand for ventilators is increasing. The factors include the growing percentage of critically ill patients, prevalence of disorders which are lifestyle-based like respiratory issues and heart attacks, the need for ventilators in emergency care and high occurrences of chronic illness among children. However, there also lies a risk associated with the use of ventilation. If patients are ventilated for a long period of time, then they can be diagnosed with pneumonia.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Owing to the rise in the level of competition that the scenario ensures, international companies are focusing on collaboration and geographical expansion opportunities through strategic partnerships with promising regional vendors. Focus on R&D activities aimed at the introduction of new products or technologically advanced versions of current products has also increased to gain a stronger foothold in the market. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Medical Ventilators market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Medtronic (Ireland), Dickinson and Company (United States), Koninklijke Philips N.V. (the Netherlands), Allied Healthcare Products Inc. (United States), Hamilton Medical (Switzerland), Smiths Medical (United States), Carl Reiner (Austria), Drägerwerk (Germany), General Electric Company (United States) and Getinge (Sweden) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Mindray Medical International Limited (China), ResMed (United States) and Teleflex Incorporated (United States).
Segmentation Overview
AMA Research has segmented the market of Global Medical Ventilators market by Type (Invasive ventilators, Non-invasive ventilators and Mechanical ventilators), Application (Emergency care, Critical care, Neonatal care and Others) and Region.
On the basis of geography, the market of Medical Ventilators has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Ventilators, the sub-segment i.e. Critical Care Ventilators will boost the Medical Ventilators market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Age Group, the sub-segment i.e. Pediatric will boost the Medical Ventilators market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increase in demand for neonatal intensive care services and Ventilators with automatic adaptation
Market Growth Drivers:
Increase in the prevalence of respiratory diseases and Rise in global geriatric population
Challenges:
Tight budgetary constraints faced by healthcare service providers and ventilator manufacturers
Restraints:
Challenge for patient interfaces in non-invasive ventilation and Intense competition among healthcare industries
Opportunities:
Rise in healthcare expenditure and Technological advancements
Market Leaders and their expansionary development strategies
In October 2020, Hospital-acquired pneumonia (HAP) and ventilator-associated pneumonia (VAP) cause significant inpatient morbidity and mortality. They are especially challenging to diagnose promptly in the intensive care unit because a plethora of other causes can contribute to clinical decline in complex, critically ill patients
In October 2022, Max Ventilator announced that it is all set to expand its niche by rolling out intelligent devices including pulse oximeter, ECG, and monitors. According to the company’s press statement, it has come up with solutions that offer world-class quality at an affordable cost.
Key Target Audience
Manufacturers of Medical Ventilators, Distributors and suppliers of Medical Ventilators, Hospitals and Clinics, Research firm, Government Organizations, End-User and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.