Ventilator Market Size, Share & Trends Analysis Report By Product (Critical Care, Neonatal, Transport & Portable), By Region, And Segment Forecasts, 2019 – 2027

Category: Information & Communication Technology (ICT)
Published On: 6 December, 2020
Pages: 164
Report Code: GR - 51235
Formats: pdf, excel

KEY MARKET INSIGHTS

This report covers COVID-19 impact analysis on Ventilator Market Size, Share & Trends Analysis Report By Product (Critical Care, Neonatal, Transport & Portable), By Region, And Segment Forecasts, 2019 – 2027

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GlobeResearch estimates that global Ventilator market is expected to reach the market value of around USD 8,563 Mn by 2026 and is predicted to grow at a CAGR of around 13% during 2020 – 2026. 

Market Insights

Market growth is due to certain main drivers, such as the rise in respiratory disease incidence, the geriatric population, technical advances and the improvement of healthcare facilities, which could stimulate market growth over the projected era. However, issues associated with ventilator injuries are expected to have a detrimental effect on business development.

The most prevalent causes of serious illness and death worldwide are respiratory conditions such as Chronic Obstructive Pulmonary Disease (COPD), Asthma, acute lower infections of the airway, TB and lung cancer. The growth in the number of respiratory and cardiovascular diseases is caused by urbanisation, rising noise, poor lifestyle patterns and the high incidence of cigarette smoking. These conditions can cause acute breathing failure, and mechanical ventilation is required to treat them.

In the 2016 global prevalence of 251 million COPD cases, the Global Burden of the Diseased Studies reported. In low- and middle-income countries, more than 90% of COPD deaths occur (LMICs). In the next 15 years, COPD is now predicted to be the world’s leading cause of death. It is a disease continuum that involves bronchitis and emphysema according to the National Center for Biotechnology Information. In 1990, the disorder was the sixth most prevalent cause of death, which is anticipated to constitute a third most common cause of mortality by 2020. The economic influence of Contemporary Population in LMICs is estimated to grow to EUR 1 7 trillion by 2030, according to the national biotechnology knowledge centre in 2018.

A ventilator allows people breathing for lung issues or other disorders when these complications make it difficult or hard to breathe. The rising prevalence of respiratory diseases thus raises the need for fans to support business growth

 

Regional Stance

The US is the biggest ventilator market in North America. This business development is mainly affected by the rising prevalence of respiratory diseases, strong R&D investment on new technology and the presence of major industry players in the US would speed up this country’s market growth.

In 2017 there were 923,000 visits to the emergency room for an emphysema and a number of other chronic obstructive pulmonary conditions, according to the National Hospital Ambulatory Medical Treatment Report. In 2016, there were also 5,7 million visits to the medical station with emphysema and other chronic obstructive lung disease, as reported in the National Ambulatory Medical Care Survey. Even during the projected period, the increase in COVID 19 cases in the US is expected to lift the market for ventilators. According to Worldometre, 6,365 cases of corona viruses were registered as of 27 August 2020 and 183,653 COVID19 were killed.

Due to the corona virus pandemic, the company for respirating equipment has increased its fan output from the 700 fans per week to 2,000-3,000 fans per week and is forecast to hit 5,000-7,000 per week, under the Advanced Medical Technology Association (AdvaMed).

In comparison, immediate product approvals are expected to favour market expansion during this pandemic. Medtronic, for example, earned the US in April 2020. Authorisation to launch and sell immediately the PB560 Ventilator from the Food and Drug Administration. These factors are likely, in the forecast era, to fuel US business growth.

Market Segmentation

 ATTRIBUTE

  DETAILS

Study Period

  2015 – 2027

Base Year

  2019

Forecast Period

  2020 – 2027

Historical Period

  2016 – 2018

Unit

  Value (US$)

 

 

 

Segmentation

Market by Deployment Mode

  • On-premise
  • Cloud-based

Market by Organizational Size

  • Large Enterprises
  • Small- & Medium-sized Enterprises

Market by End Use

  • Energy and Utilities
  • Healthcare and Life Sciences
  • Chemical and Pharmaceuticals
  • Government and Defense
  • IT and Telecom
  • Oil and Gas
  • Manufacturing
  • Mining and Metals
  • Food and Beverages
  • Others

 

Key Players and Strategies

 ATTRIBUTE

  DETAILS

Key Players

 

  • ABB Group
  • Aveva Inc.
  • Infor Inc.
  • Oracle Corporation
  • SAP SE
  • SAS Institute Inc.
  • Siemens AG
  • Bentley System
  • GE digital
  • IBM Corporation
  • Others

FAQs

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Table Of Contents

  1. Introduction
    • Scope of The Study
    • Market Segmentation
      • Ventilator Market - By Product Type
      • Ventilator Market - By Application
      • Ventilator Market - By End Use
      • Ventilator Market - By Region
        • By Country
  2.  Key Takeaways
  3.  Research Methodology
  4.  Ventilator Market Landscape
    • Overview
    • Pest Analysis
    • Ecosystem Analysis
  5.  Ventilator Market - Key Market Dynamics
    • Key Market Drivers
    • Key Market Restraints
    • Key Market Opportunities
    • Future Trends
    • Impact Analysis of Drivers and Restraints
    • Impact of Covid-19 Pandemic on Global Ventilator Market
  6.  Ventilator Market - Global Market Analysis
    • Respiratory Ventilator Tester - Global Market Overview
    • Respiratory Ventilator Tester - Global Market and Forecast To 2027
    • Market Positioning/Market Share
  7.  Ventilator Market - Revenue and Forecasts To 2027 – Product Type
    • Overview
    • Product Type Market Forecasts and Analysis
      • Portable
      • Desktop
      • Others
  8.  Ventilator Market - Revenue and Forecasts To 2027 – Application
    • Overview
    • Application Market Forecasts and Analysis
      • Anesthesia Gas Delivery Machine Testing
      • Oxygen Concentrator Testing
      • Others
  9.  Ventilator Market - Revenue and Forecasts To 2027 – End Use
    • Overview
    • End Use Market Forecasts and Analysis
      • Hospitals & Specialty Clinics
      • Ambulatory Surgical Centers
      • Home Care Settings
      • Others
  10.  Ventilator Market Revenue and Forecasts To 2027 – Geographical Analysis
    • North America
      • North America Ventilator Market Overview
      • North America Ventilator Market Forecasts and Analysis
      • North America Ventilator Market Forecasts and Analysis - By Product Type
      • North America Ventilator Market Forecasts and Analysis - By Application
      • North America Ventilator Market Forecasts and Analysis - By End Use
      • North America Ventilator Market Forecasts and Analysis - By Countries
        • United States Ventilator Market
          • United States Ventilator Market By Product Type
          • United States Ventilator Market By Application
          • United States Ventilator Market By End Use
        • Canada Ventilator Market
          • Canada Ventilator Market By Product Type
          • Canada Ventilator Market By Application
          • Canada Ventilator Market By End Use
    •  Europe
      • Europe Ventilator Market Overview
      • Europe Ventilator Market Forecasts And Analysis
      • Europe Ventilator Market Forecasts and Analysis - By Product Type
      • Europe Ventilator Market Forecasts and Analysis - By Application
      • Europe Ventilator Market Forecasts and Analysis - By End Use
      • Europe Ventilator Market Forecasts and Analysis - By Countries
        • Germany Ventilator Market
        • Germany Ventilator Market By Product Type
        • Germany Ventilator Market By Application
        • Germany Ventilator Market By End Use
        • France Ventilator Market
        • France Ventilator Market By Product Type
        • France Ventilator Market By Application
        • France Ventilator Market By End Use
        • Italy Ventilator Market
        • Italy Ventilator Market By Product Type
        • Italy Ventilator Market By Application
        • Italy Ventilator Market By End Use
        • Spain Ventilator Market
        • Spain Ventilator Market By Product Type
        • Spain Ventilator Market By Application
        • Spain Ventilator Market By End Use
        • UK Ventilator Market
        • UK Ventilator Market By Product Type
        • UK Ventilator Market By Application
        • UK Ventilator Market By End Use
        • Rest of Europe Ventilator Market
        • Rest of Europe Ventilator Market By Product Type
        • Rest of Europe Ventilator Market By Application
        • Rest of Europe Ventilator Market By End Use
    •  Asia-Pacific
      • Asia-Pacific Ventilator Market Overview
      • Asia-Pacific Ventilator Market Forecasts And Analysis
      • Asia-Pacific Ventilator Market Forecasts and Analysis - By Product Type
      • Asia-Pacific Ventilator Market Forecasts and Analysis - By Application
      • Asia-Pacific Ventilator Market Forecasts and Analysis - By End Use
      • Asia-Pacific Ventilator Market Forecasts and Analysis - By Countries
        • Australia Ventilator Market
        • Australia Ventilator Market By Product Type
        • Australia Ventilator Market By Application
        • China Ventilator Market
        • China Ventilator Market By Product Type
        • China Ventilator Market By Application
        • China Ventilator Market By End Use
        • India Ventilator Market
        • India Ventilator Market By Product Type
        • India Ventilator Market By Application
        • India Ventilator Market By End Use
        • Japan Ventilator Market
        • Japan Ventilator Market By Product Type
        • Australia Ventilator Market By Application
        • Australia Ventilator Market By End Use
        • South Korea Ventilator Market
        • South Korea Ventilator Market By Product Type
        • South Korea Ventilator Market By Application
        • South Korea Ventilator Market By End Use
        • Rest of Asia Pacific Ventilator Market
        • Rest of Asia Pacific Ventilator Market By Product Type
        • Rest of Asia Pacific Ventilator Market By Application
        • Rest of Asia Pacific Ventilator Market By End Use
    •  Middle East & Africa
      • Middle East & Africa Ventilator Market Overview
      • Middle East & Africa Ventilator Market Forecasts And Analysis
      • Middle East & Africa Ventilator Market Forecasts and Analysis - By Product Type
      • Middle East & Africa Ventilator Market Forecasts and Analysis - By Application
      • Middle East & Africa Ventilator Market Forecasts and Analysis - By End Use
      • Middle East & Africa Ventilator Market Forecasts and Analysis - By Countries
        • South Africa Ventilator Market
        • South Africa Ventilator Market By Product Type
        • South Africa Ventilator Market By Application
        • South Africa Ventilator Market By End Use
        • Saudi Arabia Ventilator Market
        • Saudi Arabia Ventilator Market By Product Type
        • Saudi Arabia Ventilator Market By Application
        • Saudi Arabia Ventilator Market By End Use
        • A.E Ventilator Market
        • A.E Ventilator Market By Product Type
        • A.E Ventilator Market By Application
        • A.E Ventilator Market By End Use
        • Rest of Middle East & Africa Ventilator Market
        • Rest of Middle East & Africa Ventilator Market By Product Type
        • Rest of Middle East & Africa Ventilator Market By Application
        • Rest of Middle East & Africa Ventilator Market By End Use
    •  South America
      • South America Ventilator Market overview
      • South America Ventilator Market Forecasts And Analysis
      • South America Ventilator Market Forecasts and Analysis - By Product Type
      • South America Ventilator Market Forecasts and Analysis - By Application
      • South America Ventilator Market Forecasts and Analysis - By End Use
      • South America  Ventilator Market Forecasts and Analysis-By Countries
        • Brazil Ventilator Market
        • Brazil Ventilator Market By Product Type
        • Brazil  Ventilator Market By Application
        • Brazil Ventilator Market By End Use
        • Argentina Ventilator Market
        • Argentina Ventilator Market By Product Type
        • Argentina Ventilator Market By Application
        • Argentina Ventilator Market By End Use
        • Rest of South America Ventilator Market
        • Rest of South America Ventilator Market By Product Type
        • Rest of South America Ventilator Market By Application
        • Rest of South America Ventilator Market By End Use
  11. Industry Landscape
    • Mergers and Acquisitions
    • Agreements, Collaborations and Join Ventures
    • New Product Type Launches
    • Expansions and Other Strategic Developments
  12. Ventilator Market , Key Company Profiles
    • Getinge AB
      • Key Facts
      • Business Description
      • Modes and Services
      • Financial Overview
      • Key Developments
    • Dragerwerk AG & Co. KGaA
      • Key Facts
      • Business Description
      • Modes and Services
      • Financial Overview
      • Key Developments
    • Koninklijke Philips N.V.
      • Key Facts
      • Business Description
      • Modes and Services
      • Financial Overview
      • Key Developments
    • Medtronic
      • Key Facts
      • Business Description
      • Modes and Services
      • Financial Overview
      • Key Developments
    • ResMed
      • Key Facts
      • Business Description
      • Modes and Services
      • Financial Overview
      • Key Developments
    • Smiths Group plc
      • Key Facts
      • Business Description
      • Modes and Services
      • Financial Overview
      • Key Developments
    • VYAIRE MEDICAL
      • Key Facts
      • Business Description
      • Modes and Services
      • Financial Overview
      • Key Developments
    • Fisher & Paykel Healthcare Limited
      • Key Facts
      • Business Description
      • Modes and Services
      • Financial Overview
      • Key Developments
  13. Appendix
    • About GlobeResearch
    • Glossary of Terms

Market Segmentation

 ATTRIBUTE

  DETAILS

Study Period

  2015 – 2027

Base Year

  2019

Forecast Period

  2020 – 2027

Historical Period

  2016 – 2018

Unit

  Value (US$)

 

 

 

Segmentation

Market by Deployment Mode

  • On-premise
  • Cloud-based

Market by Organizational Size

  • Large Enterprises
  • Small- & Medium-sized Enterprises

Market by End Use

  • Energy and Utilities
  • Healthcare and Life Sciences
  • Chemical and Pharmaceuticals
  • Government and Defense
  • IT and Telecom
  • Oil and Gas
  • Manufacturing
  • Mining and Metals
  • Food and Beverages
  • Others

 

Key Players and Strategies

 ATTRIBUTE

  DETAILS

Key Players

 

  • ABB Group
  • Aveva Inc.
  • Infor Inc.
  • Oracle Corporation
  • SAP SE
  • SAS Institute Inc.
  • Siemens AG
  • Bentley System
  • GE digital
  • IBM Corporation
  • Others

FAQs

Methodology

Research Methodology

Globe Research employs comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecast possible. The company utilizes a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. In Addition, a recurring theme prevalent across all our research reports is data triangulation that looks market from three different perspectives. Critical elements of methodology employed for all our studies include:

Preliminary data mining

Raw market data is obtained and collated on a broad front. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. For comprehensive understanding of the market, it is essential to understand the complete value chain and in order to facilitate this; we collect data from raw material suppliers, distributors as well as buyers.

Technical issues and trends are obtained from surveys, technical symposia and trade journals. Technical data is also gathered from intellectual property perspective, focusing on white space and freedom of movement. Industry dynamics with respect to drivers, restraints, pricing trends are also gathered. As a result, the material developed contains a wide range of original data that is then further cross-validated and authenticated with published sources.

Statistical model

Our market estimates and forecasts are derived through simulation models. A unique model is created customized for each study. Gathered information for market dynamics, technology landscape, application development and pricing trends is fed into the model and analyzed simultaneously. These factors are studied on a comparative basis, and their impact over the forecast period is quantified with the help of correlation, regression and time series analysis. Market forecasting is performed via a combination of economic tools, technological analysis, and industry experience and domain expertise.

Econometric models are generally used for short-term forecasting, while technological market models are used for long-term forecasting. These are based on an amalgamation of technology landscape, regulatory frameworks, economic outlook and business principles. A bottom-up approach to market estimation is preferred, with key regional markets analyzed as separate entities and integration of data to obtain global estimates. This is critical for a deep understanding of the industry as well as ensuring minimal errors. Some of the parameters considered for forecasting include:

    • Market drivers and restrains, along with their current and expected impact
    • Raw material scenario and supply v/s price trends
    • Regulatory scenario and expected developments
    • Current capacity and expected capacity additions up to 2027

We assign weights to these parameters and quantify their market impact using weighted average analysis, to derive an expected market growth rate.

Primary validation

This is the final step in estimating and forecasting for our reports. Exhaustive primary interviews are conducted, on face to face as well as over the phone to validate our findings and assumptions used to obtain them. Interviewees are approached from leading companies across the value chain including suppliers, technology providers, domain experts and buyers so as to ensure a holistic and unbiased picture of the market. These interviews are conducted across the globe, with language barriers overcome with the aid of local staff and interpreters. Primary interviews not only help in data validation, but also provide critical insights into the market, current business scenario and future expectations and enhance the quality of our reports. All our estimates and forecast are verified through exhaustive primary research with Key Industry Participants (KIPs) which typically include:

    • Market leading companies
    • Raw material suppliers
    • Product distributors
    • Buyers

The key objectives of primary research are as follows:

    • To validate our data in terms of accuracy and acceptability
    • To gain an insight in to the current market and future expectations

Data Collection Matrix

Perspective

Primary research

Secondary research

Supply side

  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data

Demand side

  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Industry Analysis Matrix

Qualitative analysis

Quantitative analysis

  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2027
  • Market revenue estimates and forecasts up to 2027, by technology
  • Market revenue estimates and forecasts up to 2027, by application
  • Market revenue estimates and forecasts up to 2027, by type
  • Market revenue estimates and forecasts up to 2027, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

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