We established a quick response research team to monitor the impacts of global pandemic COVID19 on this market to keep our clients informed about latest data and changing strategies. The report will incorporate these insight and data factors.
Global Ventilators Market Analysis by Ventilator Type, by Mobility, by Interface, by Mode & by End-user with regional Outlook & Forecast to 2030
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 Landscape
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
Mali, West African country have 56 ventilators for the population of 19 million. As per the Africa Centres for Disease Control and Prevention, countries in the continent were looking to engage with wealthier countries to secure key supplies, including ventilators, if the situation deteriorates.
How Major Players Meeting The Sudden Demand of Ventilators?
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.
Swiss-based Hamilton Medical AG, world's largest makers of ventilators, aims to raise production numbers to about 21,000 ventilators this year, up from 15,000 last year, by deploying marketing staff on the production line, among other measures.
Siare Engineering International Group srl, Italy's Bologna-based company, has 25 army technicians helping assemble machines as it aims to more than triple monthly production.
UK government has turned to manufacturers from other industries, such as automotive and aerospace, to produce ventilators. The Department for Health and Social Care issued specifications to companies that have registered an interest which include Jaguar Land Rover and Airbus for the “minimally acceptable” rapidly manufactured ventilator systems they could produce. Devices must be able to keep working 100% of the time for at least 14 consecutive days
Ventilator Market Segmentation
By Ventilator Type
Acute Care Ventilator
Home Care Ventilator
Intensive Care Ventilator
By End User
Ambulatory Care Centers
Emergency Medical Services
Covered in this Global Ventilators Market report
Helps the reader to understand the country specific market landscape in the Ventilators, the recent trends, and challenges. Moreover, the report also outlines enterprises' investment priorities in the healthcare sector & medical device industry
The most exhaustive and up-to-date report providing revenue opportunity forecasts in the Ventilators market from 2017 to 2030, spanning various sub-segments, 6 regions and 195 countries and investment priorities.
Provides the Market Size (USD Billion), Market Share (%), CAGR (%), Y-O-Y Growth Rate (%) of Global Ventilator Market and further bifurcated into Regions & Countries.
The study provides an in-depth analysis with current and future trends to elucidate the imminent investment pockets in the market.
The report provides a detailed description about the future outlook of Ventilators which is the focus area in the pandamics.
Give the roadmap to the Ventilators market and explains how companies developing the alternatives are transforming healthcare and identifies the key operating players
Helps the client to explores how Ventilators stand to benefit and threaten entrenched players, like payers, hospitals, and medical device makers.
Key drawbacks that paramedics and emergency medical services associate with existing resuscitation and transportation technologies
Introduction to specific features paramedics want in resuscitation and transport ventilation technology
Include price trend analysis of target brands understanding the market, clinical trial results data, literature review, refurbished market and product base analysis
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:
North America Ventilator Market Analysis, 2018-2030 (US, Canada)
Europe Ventilator Market Analysis, 2018-2030 (Germany, UK, Russia, Spain, France, Italy, BENELUX, Switzerland, Ireland, Iceland, Norway, Denmark and Rest of Europe)
Latin America Ventilator Market Analysis, 2018-2030 (Mexico, Brazil, Argentina, Peru, Ecuador, Chile, Costa Rica, Cuba, Colombia, Bahamas & Rest of Latin America)
Asia Pacific Ventilator Market Analysis, 2018-2030 (China, India, Japan, Australia, South Korea, New Zealand, Singapore, Indonesia, Taiwan, Thailand, Philippine & Rest of APAC)
Middle East Ventilator Market Analysis, 2018-2030 (UAE, Saudi Arabia, Turkey, Iran, Qatar, Kuwait and Rest of Middle East)
Africa Ventilator Market Analysis, 2018-2030 (South Africa, Algeria, Nigeria, Kenya and Rest of Africa)