Ventilators Market: Market Segments: By Mobility (Intensive Care and Portable/Transportable); By Type (Adult/Pediatric Ventilators and Neonatal/Infant); By Interface (Invasive and Non-Invasive); By Application (Hospitals and Clinics, Home Care, Ambulatory Care Centers and Emergency Medical Service); and Region – Analysis of Market Size, Share & Trends for 2014 – 2019 and Forecasts to 2030
Product Overview
Ventilator is a medical device which is used to assist patients' breathing. It is a type of respiratory aid in which the endotracheal tube is directed towards the patient's airway and linked to the ventilator system. During surgery, these are also used while the patient is under anesthesia, which brings the patient to sleep without affecting normal breathing.
Market Highlights
Ventilators Market is expected to project a notable CAGR of 7.83% in 2030.
Ventilators Market to surpass USD 3.41 billion by 2030 from USD 1.42 billion in 2018 at a CAGR of 7.83% throughout the forecast period, i.e., 2019-30. The growth of the global demand for ventilators is supported by packages of emergency relief accepted by governments around the world. In addition, the growth of the ventilator market is complemented by higher healthcare spending and developed healthcare infrastructure in countries such as the United States and Canada.
Ventilators Market: Segments
Portable/transportable ventilators segment to grow with the highest CAGR of XX.X% during 2019-30
Ventilators Market is segmented by mobility as portable and intensive care ventilators. The augmented market share of 56 % was accounted for by the category of intensive care ventilators and the market dominance can be attributed to the growing number of ventilator-equipped intensive care beds. The growth of the ICU ventilators segment is also responsible for rising ICU admissions due to COVID-19 and readmissions in developing countries coupled with sufficient reimbursement. Furthermore, the category of ICU ventilators is sub-segmented into high-end ICU ventilators, mid-end ICU ventilators and fundamental ICU ventilators. However, during the forecast era, the market is expected to see higher demand for portable ventilators.
Ventilators Market: Market Dynamics
Drivers
Rising prevalence of respiratory diseases
Any of the conditions where medical ventilators are used are the growing prevalence of chronic diseases such as chronic obstructive pulmonary diseases (COPD), bronchitis, asthma, and the rise in the number of unintentional cases. The demand for ventilators is driven by the increasing occurrence rate of preterm birth, respiratory diseases, rise in geriatric population related disorders, increasing level of pollution, changing lifestyles of people and activities such as smoking and drinking leading to increased risk of respiratory infections, lung diseases and cancer.
Restrain
High cost of Ventilators
However, the risks associated with the use of medical ventilators, such as patient and physician resistance to technological transfer, diseases such as barotrauma, lung injury, pneumonia, and the high cost of medical ventilators, are some of the factors that are hampering the growth of the global market for ventilators. The lack of standardized nomenclature for various ventilation modes also limits the global market for ventilators.
Ventilators Market: Regions
Ventilators Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC and MENA.
Ventilators Market in North America held the largest market share of XX.X% in the year 2018 and is also expected to be the largest revenue generating regional market during the forecast period. The major factors driving the growth of the North American market are the higher prevalence of respiratory diseases and increasing healthcare spending. In addition, the region's geriatric population is growing at a rapid pace and is expected to continue to help business growth in the coming years. In the Middle East & Africa region, the ventilator market is expected to report the highest CAGR during the forecast period. Due to a variety of factors such as rising government initiatives, subsequent improvements in health infrastructure in developing countries, increasing medical tourism, and increasing demand for quality healthcare, this regional market is projected to expand at the highest rate.
Ventilators Market: Key Players
• Philips Healthcare (Netherlands)
o Company Overview
o Business Strategy
o Key Product Offerings
o Financial Performance
o Key Performance Indicators
o Risk Analysis
o Recent Development
o Regional Presence
o SWOT Analysis
• ResMed (US)
• Medtronic (Ireland)
• Getinge (Sweden)
• Becton, Dickinson and Company (US)
• Dräger (Germany)
• Smith’s Group (UK)
• Allied Healthcare Products (US)
• GE Healthcare (US)
• Hamilton Medical (Switzerland)
• Fisher & Paykel (New Zealand)
• Air Liquide (France)
Ventilators Market report also contains analysis on:
Ventilators Market Segments:
By Mobility:
• Intensive Care Ventilators
• Portable/Transportable Ventilators
By Type
• Adult/Pediatric Ventilators
• Neonatal/Infant Ventilators
By Interface:
• Invasive Ventilation
• Non-Invasive Ventilation
By Application:
• Hospitals and Clinics
• Home Care
• Ambulatory Care Centers
• Emergency Medical Service
• Ventilators Market Dynamics
• Ventilators Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints
Contents
1. Executive Summary
2. Ventilators Market
2.1. Product Overview
2.2. Market Definition
2.3. Segmentation
2.4. Assumptions and Acronyms
3. Research Methodology
3.1. Research Objectives
3.2. Primary Research
3.3. Secondary Research
3.4. Forecast Model
3.5. Market Size Estimation
4. Average Pricing Analysis
5. Macro-Economic Indicators
6. Market Dynamics
6.1. Growth Drivers
6.2. Restraints
6.3. Opportunity
6.4. Trends
7. Correlation & Regression Analysis
7.1. Correlation Matrix
7.2. Regression Matrix
8. Recent Development, Policies & Regulatory Landscape
9. Risk Analysis
9.1. Demand Risk Analysis
9.2. Supply Risk Analysis
10. Ventilators Analysis
10.1. Porters Five Forces
10.1.1. Threat of New Entrants
10.1.2. Bargaining Power of Suppliers
10.1.3. Threat of Substitutes
10.1.4. Rivalry
10.2. PEST Analysis
10.2.1. Political
10.2.2. Economic
10.2.3. Social
10.2.4. Technological
11. Ventilators Market
11.1. Market Size & forecast, 2019A-2030F
11.1.1. By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
11.1.2. By Volume (Million Units) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12. Ventilators: Market Segmentation
12.1. By Regions
12.1.1. North America:
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.1.2. Europe:
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.1.3. Asia-Pacific:
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.1.4. MEA:
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.1.5. Latin America:
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.2. By Mobility: Market Share (2020-2030F)
12.2.1. Intensive Care Ventilators, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.2.2. Portable/Transportable Ventilators, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.3 By Type: Market Share (2020-2030F)
12.3.1. Adult/Pediatric Ventilators, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.3.2. Neonatal/Infant Ventilators, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.3 By Interface: Market Share (2020-2030F)
12.3.1. Invasive Ventilation, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.3.2. Non-Invasive Ventilation, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.4 By Application: Market Share (2020-2030F)
12.4.1. Hospitals and Clinics, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.4.2. Home Care, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.4.3. Ambulatory Care Centers, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.4.4. Emergency Medical Service, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
13. Company Profile
13.1.1. Philips Healthcare (Netherlands)
13.1.2. Company Overview
13.1.3. Company Total Revenue (Financials)
13.1.4. Market Potential
13.1.5. Global Presence
13.1.6. Key Performance Indicators
13.1.7. SWOT Analysis
13.1.8. Product Launch
13.2. ResMed (US)
13.3. Medtronic (Ireland)
13.4. Getinge (Sweden)
13.5. Becton, Dickinson and Company (US)
13.6. Dräger (Germany)
13.7. Smiths Group (UK)
13.8. Allied Healthcare Products (US)
13.9. GE Healthcare (US)
13.10. Hamilton Medical (Switzerland)
13.11. Fisher & Paykel (New Zealand)
13.12. Air Liquide (France)
14 Consultant Recommendation
**The above given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
Methodology/Research Approach
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Research Programs/Design
Historical Data (2015-2019) |
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Influencing Factors |
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Market Forecast (2021-2026) |
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Market Size Estimation
Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report
The following figure shows an illustrative representation of the overall market size estimation process used for this study.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Data Source
Secondary Sources
Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
Market Size |
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Market Position of Top Company |
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Qualitative Analysis |
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Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Key Executives Interviewed
Key Data Information from Primary Sources
Primary Sources | Parameters | Key Data |
Market Segments(by Application, by Type) |
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Total Market |
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