Global Ventilator Market Analysis and Forecast, 2021-2030: Market to Reach $3,110 Million by the End of 2020 Due to COVID-19 Pandemic

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Dec 11, 2020, 11:30 ET

DUBLIN, Dec. 11, 2020 /PRNewswire/ -- The "Global Ventilator Market: Analysis and Forecast, 2021-2030" report has been added to ResearchAndMarkets.com's offering.

Global Ventilator Market to Reach $3,110 Million by the End of 2020 Due to COVID-19 Pandemic

The global ventilator market is witnessing an exponential rise in the size of the market due to the ongoing COVID-19 pandemic. The overall market was estimated to be $1,072 million in FY 2018, and it was expected to grow at a CAGR of 7.1% in the pre-COVID scenario.

However, the COVID-19 pandemic has resulted in an extensive rise in the ventilator demand and has increased the growth rate by up to 172% in 2020. Presently, more than 45 companies are operating in this market, including already exiting healthcare companies and emerging non-healthcare companies.

The maximum number of installed ventilators are in the U.S., followed by China and India. However, there is still a requirement for an additional 85,000 ventilators to cope with the COVID-19 pandemic. This demand and supply deficit of ventilators worldwide has led to major changes within the dynamics of the global ventilator market.

Moreover, to cope with the rising demand for ventilators, regulatory bodies across different regions, such as the Food and Drug Administration (FDA), Health Canada, and Therapeutics Goods Administration (TGA), have taken unprecedented steps. For instance, in March 2020 FDA declared COVID-19 pandemic as a public emergency and authorized anesthesia gas machines, continuous positive airway pressure (CPAP), and other sleep apnea devices as alternative ventilators under emergency use authorization (EUA). Furthermore, in April 2020, the TGA published a document stating the minimum requirements to be met by medical devices to be used as alternative ventilators.

Our healthcare experts are continuously analyzing the impact of regulatory and industrial decisions on the global ventilator market. The market is driven by certain factors, which include the rising incidence of respiratory diseases, high rate of premature births, rising demand for critical care in the geriatric population, and government initiatives for boosting the ventilator production.

The market is favored by the development of low-cost ventilator products and partnerships between healthcare and non-healthcare companies for scaling up the ventilator production.

Within the research report, the market is segmented based on product type, modality, patient age, end user, and regional analysis. Each of these segments covers the snapshot of the market over the projected years, the inclination of the market revenue, underlying patterns, and trends by using analytics on the primary and secondary data obtained.

Key Topics Covered:

Executive Summary

1 Product Definition

2 Research Scope
2.1 Research Scope
2.2 Exclusion Criteria of the Report
2.3 Key Questions Answered by the Research Study

3 Report Methodology
3.1 Primary Data Sources
3.2 Secondary Data Sources
3.3 Market Estimation Model
3.4 Data Sources Categorization
3.5 Selection Criteria for Company Profiles
3.6 Assumptions and Limitations

4 Market Overview
4.1 Overview of Ventilators
4.2 Global Installed Base of the Ventilators
4.3 Global Ventilator Market Scenario

5 Competitive Analysis
5.1 Market Share Analysis
5.1.1 Market Share Analysis for the Global Mechanical Ventilators Market
5.1.2 Market Share Analysis for the Global Non-Invasive Ventilators Market
5.2 Product Mapping Analysis
5.3 Key Strategies and Developments
5.3.1 Product Approvals and Launches
5.3.2 Synergistic Activities (Joint Ventures, Collaborations, and Partnerships)
5.3.3 Funding
5.3.4 Product Upgradation and Corrective Actions
5.3.5 Acquisitions
5.4 Types of Company Entering the Market
5.4.1 Healthcare Companies
5.4.2 Non-Healthcare Companies
5.5 Opportunities and Challenges for Companies
5.5.1 Healthcare Companies
5.5.2 Non-Healthcare Companies
5.6 Pricing Analysis

6 Industry Analysis
6.1 Patent Analysis
6.1.1 Patent Filling Trend, Pre-COVID Phase (January 2015-March 2020)
6.2 Regulatory Framework and Government Initiatives
6.2.1 Comparison of the Pre-COVID-19 and Post-COVID-19 Regulations
6.2.1.1 Regulations in North America
6.2.1.1.1 Food and Drug Administration (FDA)
6.2.1.1.2 Health Canada
6.2.1.2 Regulations in Europe
6.2.1.3 Regulations in Asia-Pacific
6.2.1.3.1 National Medical Products Administration (NMPA)
6.2.1.3.2 Pharmaceutical and Medical Device Agency (PMDA)
6.2.1.3.3 The Central Drug Standard Control Organization (CDSCO)
6.2.1.3.4 Therapeutic Goods Administration (TGA)
6.2.1.3.5 Health Science Authority (HSA)
6.2.1.4 Regulations in Latin America
6.2.2 Emergency Use Authorization (EUA)
6.3 Supply and Demand Analysis
6.3.1 Global Supply and Demand
6.3.1.1 Pre-COVID
6.3.1.2 Post-COVID
6.3.2 Component Supply Chain
6.3.3 Tear-Down Analysis of Ventilator Costing

7 Global Ventilator Market Sizing and Forecast
7.1 Market Dynamics
7.1.1 Growth Promoting Factors
7.1.1.1 Increasing Respiratory Disease Incidences
7.1.1.2 Rising Geriatric Population
7.1.1.3 Increase in Number of ICU Beds
7.1.1.4 High Number of Premature Births
7.1.1.5 Government and Organizational Initiatives to Boost Ventilator Production
7.1.2 Growth Inhibiting Factors
7.1.2.1 Complications and Side-Effects Associated with Ventilators Usage
7.1.2.2 Lack of Trained Medical Staff
7.2 Impact Analysis
7.3 Growth Opportunities
7.3.1 Coronavirus Outbreak Leading to Rising Global Ventilator Demand
7.3.2 Increasing Requirement of Portable Ventilators for Homecare and Emergency Usage
7.3.3 Development of Digital Education and Training Tool

8 Global Ventilator Market (by Product Type)
8.1 Intensive Care Ventilator
8.2 Portable Ventilator

9 Global Ventilator Market (by Modality)
9.1 Non-Invasive Ventilation
9.2 Invasive Ventilation/Mechanical Ventilation

10 Global Ventilator Market (by Patient Age)
10.1 Pediatric and Neonates
10.2 Adult

11 Global Ventilator Market (by End User)
11.1 Hospitals and Specialty Clinics
11.2 Emergency Medical Services
11.3 Homecare

12 Global Ventilator Market (by Region)

13 Company Profiles
13.1 Aerobiosys Innovations Private Limited
13.1.1 Company Overview
13.1.2 Role of Aerobiosys Innovations Private Limited in the Global Ventilator Market
13.1.3 Aerobiosys Innovations Private Limited in the COVID-19 Scenario
13.2 Air Liquide
13.3 Dragerwerk AG & Co. KGaA
13.4 General Electric Company
13.5 Getinge AB
13.6 Hamilton Medical
13.7 Koninklijke Philips N.V
13.8 Lowenstein Medical Innovation GmbH & Co. KG
13.9 Medtronic plc
13.10 OneBreath Inc.
13.11 Penlon Ltd
13.12 ResMed
13.13 SCHILLER
13.14 Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
13.15 Smiths Group plc
13.16 Ventec Life Systems
13.17 Ventinova Medical
13.18 VYAIRE MEDICAL, INC.
13.19 WEINMANN Emergency Medical Technology GmbH + Co. KG
13.20 ZOLL Medical Corporation
13.21 Non-Healthcare Companies
13.21.1 Dyson Ltd.
13.21.1.1 Company Overview
13.21.1.2 Role of Dyson Ltd. in the Global Ventilator Market in the COVID-19 Scenario
13.21.2 Ford Motor Company
13.21.3 General Motors Company
13.21.4 Maruti Suzuki India Limited
13.21.5 Virgin Orbit (Subsidiary of Virgin Group)

For more information about this report visit https://www.researchandmarkets.com/r/4npw1a

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