Increasing investment in healthcare and improving healthcare infrastructure are key factors driving market growth
The global emergency
ventilator market size is expected to reach USD 1,616.13 Million in
2028 registering a CAGR of 16.2% over the forecast period, according to a
latest report by Reports and Data. Major factors driving market revenue growth
are increasing investment in healthcare, improving healthcare infrastructure
and increasing public awareness about health and safety. Ventilators are
essentially machines that help patients breath when they are not able to breath
of their own. Emergency ventilators are compact ventilators suitable
for emergency and disaster relief situations, deployed in ambulances,
or ambulatory clinics, public areas and also for intra-hospital and
inter-​hospital purposes.
The COVID-19 pandemic has become
one of the chief driving forces for the emergency ventilator market. With the
rapid spread of the virus across the world, a global shortage of ventilators
has emerged, necessitating numerous efforts. While industry focuses on
producing medical-grade equipment, a number of low-cost, less complex emergency
ventilators have been produced, primarily through academic and open-source
channels, with the hopes of filling any temporary gaps until medical-grade
ventilators become available. Many medium and lower-income countries are in
desperate need of ventilators because they lack adequate equipment and their
critical care systems are still in their infancy, which has generated a
significant opportunity for the emergency ventilator industry.
A flurry of activities centred on
developing low-cost emergency ventilators that can be deployed quickly.
Utilisation of generic off-the-shelf parts, readily available materials, and
inexpensive fabrication procedures are significant features of these devices.
These devices only have a fraction of the capability of traditional ventilators
and would only be justified in emergency situations if standard medical
equipment is unavailable or prohibitively expensive.
The negative effects of invasive
emergency ventilators and the rising cases of infection with the use of
unsterilized ventilators are expected to restrain market growth to a certain
extent over the forecast period.
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Some Key Highlights in the
Report:
- On the basis of mode, the market is segmented as
volume-controlled ventilation modes, pressure-controlled ventilation
modes, assisted ventilation mode.
- On the basis of type, the market is segmented as
adult, pediatric and neonatal. In 2020, the adult segment accounted for
the largest market revenue share.
- On the basis of interface, the market is segmented
as invasive and non-invasive. While the invasive interface is riskier to
the patient than non-invasive interface, many critical patients need
invasive ventilators to survive.
- On the basis of end use, the market is segmented as
hospital, ambulance, ambulator services and home use. In 2020, the
hospital end use segment accounted for the largest market revenue share.
- North America emergency ventilator market is
expected to account for largest revenue share over the forecast period due
to technological innovation and advances in healthcare infrastructure
- Revenue from the Asia Pacific emergency ventilator
market is expected to expand at a significantly high CAGR due to
government initiatives for increasing expenditure in the healthcare sector
and increasing severity of COVID-19 situation in countries like India
where emergency ventilators are in high demand.
- Prominent players in the market are: Koninklijke
Philips N.V., ResMed, Medtronic plc, Becton, Dickinson and Company,
Getinge, Drägerwerk AG, Smiths Group plc, Hamilton Medical, GE Healthcare,
Fisher & Paykel, Air Liquide, Zoll Medical Corporation, Allied
Healthcare Products, Inc., Shenzhen Mindray Bio-Medical Electronics Co.,
Ltd., Schiller.
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Segments covered in the
report:
For the purpose of this report,
Reports and Data has segmented the global emergency ventilator market on the
basis of mode, type, interface, end use, and region:
Mode Outlook (Revenue, USD
Million; 2018 – 2028)
- Volume-Controlled Ventilation
- Pressure-Controlled Ventilation
- Assisted Ventilation
Type Outlook (Revenue,
USD Million; 2018 – 2028)
- Adult
- Pediatric
- Neonatal
Interface Outlook (Revenue,
USD Million; 2018 – 2028)
- Invasive
- Non-invasive
End Use Outlook (Revenue, USD
Million; 2018 – 2028)
- Hospital
- Ambulance
- Ambulatory Service
- Home use
Regional Outlook
(Revenue, USD Million; 2018 – 2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East and Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Rest of Middle East & Africa
Major Highlights of the
Emergency Ventilator Market Report:
- The Emergency Ventilator market analysis report
offers an in-depth study of the potential market growth opportunities and
challenges.
- The report dives deeper into the market and
explains the dynamic factors bolstering market growth.
- The report deeply assesses the current, historical
market size, market share, and revenue growth rates to offer accurate
market projections for the forecast period.
- The report analyzes the Emergency Ventilator market
presence across major regions of the world.
- It determines the production & consumption
capacities and demand & supply dynamics of each regional market.
- The report further illustrates the intense
competition among the key market players and highlights their effective
business expansion plans and strategies.
- It provides company overview and SWOT analysis of
each of the market players.
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