A WiseGuyReports Announces New Market Study on –“ Ventilators Market 2020 Global Rapid Growth, Competitive Analysis, Industrial Landscape And Forecasts To 2026” To its Research Database.
Ventilator is an important means to treat respiratory failure and an important strategic reserve to fight against the new crown epidemic.
Ventilator is an important means to treat patients with respiratory failure. Ventilator is used for mechanical ventilation to help patients breathe normally. When the patient’s respiratory function is abnormal, the ventilator can imitate the human’s respiratory rate to send oxygen-containing gases (21% – 100%) into the lungs, and regularly carry out gas exchange to help the patient improve the state of hypoxia and carbon dioxide retention. The medical ventilator is a class III medical device, and the conventional household ventilator is a class II medical device. The invasive ventilator is mainly used to treat the unconscious patients with severe respiratory failure. The non-invasive ventilator is aimed at the high-risk patients with respiratory failure. The high technical barrier of key chips determines the clinical application effect of ventilator.
Major Key Players Covered in Ventilators Market are:
The major players in the market include Medtronic, BD, Philips Healthcare, Hamilton Medical, Smiths Medical, Carl Reiner, Dragerwerk, GE Healthcare, Getinge, Mindray Medical International, ResMed, Teleflex, DEMCON, Maquet, etc.
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Based on our recent survey, we have several different scenarios about the Ventilators YoY growth rate for 2020. The probable scenario is expected to grow by a 150.1% in 2020 and the revenue will be US$ 11.70 billion in 2020 from US$ 4.68 billion in 2019. The market size of Ventilators will reach US$ 5.20 billion in 2026, with a CAGR of -12.64% from 2020 to 2026.
The total production of Ventilators will be estimated to 202.8 K Units in China in 2020, compared with 14.7 K Units in 2019. The production is expected to grow by 1279.6% in 2020. With the control of the epidemic situation, the demand for Ventilators will decline, and the excess mask production capacity will face greater adjustment. The overall production will fall back in 2021. And the production of Ventilators will be 48.8 K Units in China, with a CAGR of -21.13% from 2020 to 2026.
There is a shortage of ventilators in overseas markets, and urgent orders are difficult to meet clinical needs. The epidemic in Europe is outbreak and medical resources are seriously in short supply. The European Commission disclosed on March 25 that the supply chain of ventilator throughout Europe can only meet 10% of the demand. Italy and Spain have made decisions to no longer provide ventilators for patients over 60 years of age and elderly patients over 65 years of age. In addition, with the pandemic, the American Academy of Critical Medicine estimates that approximately 960,000 patients will need to be equipped with ventilators. The total demand gap may reach about 1281 K Units, and it is urgent to expand the existing domestic production capacity or import to resolve. Among all the countries, U.S., Italy and Spain have particularly acute demand gaps.
A ventilator is a machine that provides mechanical ventilation by moving breathable air into and out of the lungs, to deliver breaths to a patient who is physically unable to breathe, or breathing insufficiently. Modern ventilators are computerized microprocessor controlled machines, but patients can also be ventilated with a simple, hand-operated bag valve mask. Ventilators are chiefly used in intensive care medicine, home care, and emergency medicine (as standalone units) and in anesthesiology (as a component of an anesthesia machine).
The Ventilators can mainly be divided into two categories: Non-invasive Ventilator and Invasive Ventilator. Accordingly, the global market size of Non-invasive Ventilator and Invasive Ventilator will reach US $ xx billion and US $ xx billion in 2020, respectively, which are increased compared to 2019 xx% and xx%. Non-invasive Ventilator takes a big amount of market with xx%.
Non-invasive ventilator mainly refers to the equipment for ventilator treatment through nose mask or face mask. Because there is no need to intubation or tracheotomy for patients, it is easy to operate and accepted by patients, and there are few complications such as airway injury and ventilator-related pneumonia. It is not only widely used in the treatment of inpatients with acute or chronic respiratory failure, but also more and more family applications for outpatients with relatively stable conditions.
Invasive ventilator is a kind of ventilator, which is also called multi-functional ventilator. It is used to support the respiration of human body or other animals when the spontaneous respiration cannot meet the normal physiological needs. It is applicable to all kinds of medical institutions; respiratory support for cardiopulmonary cerebral resuscitation; acute respiratory insufficiency or oxygenation dysfunction caused by various reasons; intraoperative and postoperative respiratory support; other patients who need ventilator treatment.
From the perspective of application, Ventilators can be divided into three main categories: Home Use and Medical Use. Accordingly, the global market size of Home Use and Medical Use will reach US $ xx billion and US $ xx billion in 2020, respectively, which are increased compared to 2019 xx% and xx%. Home Use takes a big amount of market with xx%.
COVID-19 broke out worldwide in an all-round way, and the demand for medical ventilator was released rapidly. COVID-19 was diagnosed in 638928 cases (except China) as of 10 March 30th, and 30672 cases died. The demand for medical equipment around ICU will continue to increase with the increase of the number of severe and critical patients, and it is in urgent need of import reserves. It is estimated that at least 1.3 million new ICU beds are urgently needed overseas, and life monitoring and respiratory support products are flexible. Among them, the reserve demand for non-invasive ventilator and invasive ventilator is about 629000 and 205000 respectively, which need to be imported in overseas market.
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Table of Contents – Major Key Points
1 Ventilators Market Overview
2 Market Competition by Manufacturers
3 Production Capacity by Region
4 Global Ventilators Consumption by Regions
5 Production, Revenue, Price Trend by Type
6 Global Ventilators Market Analysis by Application
7 Company Profiles and Key Figures in Ventilators Business
8 Ventilators Manufacturing Cost Analysis
NOTE : Our team is studying Covid-19 and its impact on various industry verticals and wherever required we will be considering Covid-19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.
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