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2020-04-03
720
Global
Demand Spikes Amid Coronavirus Outbreak
One of the biggest challenges faced by health workers around the world amid the coronavirus pandemic is trying to save lives when the number of patients needing critical care overtakes the available medical infrastructure.
According to our estimation, United States require an extra 80,000 ventilators to cope up with the demand amid Covid-19 outbreak as 960,000 coronavirus patients may need to be put on ventilators at one point or another during the pandemic but the US has only about 200,000 machines, approximately half of which are older models that may not be ideal for the most critically ill patients.
As per National Health Service (NHS), UK needs at least 30,000 machines to cope with the upsurge in Covid-19 patients in the nation as they have the capacity of 8,175 ventilators in the medical spaces. About 9.68% of critical Coronavirus cases need ventilators. France, Germany, Italy, Spain and UK collectively need about 75,000 devices to make up the vent.
Global Ventilators market is anticipated to gain market growth in the forecast period of 2020 to 2030. Goldstein Research analyses the market to account to USD 2.03 billion by 2030 growing at a CAGR of 7.81% in the above-mentioned forecast period. Philips is a leading company dedicated specifically to the sleep and respiratory markets including sub-acute, home care, conventional neonatal and non-invasive ventilators, with particularly strong market shares in the home-care and non-invasive ventilation segment. Philip is the leader in US as well as European Market.
Hike in number of premature births, increasing cases of respiratory disorders, risinf pollution level tends to accelerate the market growth. This market is set to experience both minor annual growth in unit sales and price pressures from the maturity of the market and consequent high degree of competition. Unit growth is set to speed up as demand for more modern machines, such as the non-invasive ventilators, starts to pick up.
There remain gaps between what practitioners need, especially in the pre-hospital setting, and what existing devices are designed to provide. For pre-hospital users of ventilation equipment, price and budgeting considerations are of central importance. The ideal device for a pre-hospital setting would therefore be tailored to pre-hospital setting requirements, but would not include additional features that add to the initial purchase, maintenance and training costs.
Critical Situations For Weak Healthcare System Economies Amid Covid-19
Major ventilator manufacturers are struggling to meet the rising demand, governments have sought the help of the military, enlisted other manufacturers and even looked to 3D printing in the hopes of boosting production as coronavirus pandemic has disrupted the transportation and supply chain of crucial parts, such as hoses, valves, motors and electronics, some of which come from China, the original epicentre of the outbreak.
By Ventilator Type
By Mobility
By Interface
By Mode
By End User
Global Ventilator Market Report Regional Coverage
Throughout this research series, Goldstein Research has covered all the region & several countries in great detail. Each country may be purchased as a stand-alone report, tailoring the data to your needs. The covered countries are:
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