Ventilators Global Market

–Forecast to 2027

Ventilators global Market estimated to be worth $2.037.0 million by 2027

IQ4I Research & Consultancy published a new report on “Ventilators global Market –
Forecast To 2027” This report analyzes and studies the overall market, major Drivers &
Opportunities, Restraints & Threats in North America, Europe, Asia-Pacific and Rest of the
World.

IQ4I’s Report Contains 98 market data tables and 129 figures spread through 369
pages and an exhaustive TOC on “Ventilators Global Market”, [Products {Ventilator
Machines [ICU Ventilator (AICU Ventilator, NICU Ventilator), Emergency and Transport
Ventilator and Others], Accessories [Ventilator Masks, Filters and Others]; Power
Base [Pneumatic, Electric and Combined Power Base]; Mobility {Stationary,
Transport/Portable}; Interphase {Invasive and Non-Invasive}; End-Users (Hospitals,
Ambulatory Centers, Homecare and Others); Region (North America, Europe, Asia-
Pacific and Rest of the World)]

Ventilators are life support machines that assist in breathing when a person is not able to
breathe on their own due to variety of conditions such as, respiratory disorders, low oxygen
level, or severe shortness of breath from an infection. COPD, respiratory failure, respiratory
distress syndrome and pneumonia are the most common reasons for use of ventilators and
most of the patients who are admitted to ICU are controlled by ventilators, also ventilators
can be used in MRI rooms, in operation theaters during surgery, emergency department,
aircraft, military and homecare.

According to IQ4I analysis, the ventilators global market is estimated to reach $2,037.0
million by 2027. Due to the COVID-19 pandemic, ventilators demand has reached a peak
and there was a shortage of devices, due to coordinated effort of various stakeholders such
as governments, regulatory agencies and industries this demand is being met. Currently,
there is a glut in the market and the number of ventilators that could be accommodated at a
hospital has reached its maximum, hence, it is estimated that the growth of the market will
decrease in the coming years. The factors such as rising incidences of respiratory diseases,
rapid growth in the geriatric population requiring long term ventilation, increase in the
number of premature birth and the emergence of the COVID-19 pandemic are the factors
driving the market growth, technological advancements such as hybrid respiratory solutions,
wireless connectivity, high-performance turbine-based ventilators, helmet based ventilators
and 3D printing are the opportunities for the growth. Whereas, the increase in product
recalls, the high cost of the ventilators and complications associated with the use of
ventilators in neonates are restraining the market growth. The threat to the ventilators market

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includes a lack of awareness about the disorders, stringent regulatory requirements for new
product approvals and a shortage of skilled professionals.

COVID-19 pandemic has affected all the countries, European countries such as U.K.,
Germany, Italy, and France, U.S., South Korea, India are already facing second wave of
corona virus infections. WHO has warned European countries that a third wave of corona
virus will affect them in early 2021. According to WHO, Europe accounts for 28.0% of global
COVID-19 cases and 26.0% of deaths, Italy, U.K. and France are the countries in Europe
that have been affected the most.

The ventilator's global market is segmented based on the product, power base, mobility,
interphase, end-users and geography. Among the products, the ventilator machines
segment accounted for the largest revenue of $XX million in 2020 due to an increase in
respiratory disorder patient population and increase in the number of premature birth and the
emergence of the COVID-19 pandemic are the factors driving the market growth. Among
ventilator machines, ICU ventilators accounted for the largest revenue of $XX million in
2020, due to an increase in patient population with respiratory disorders and increased
demand for the non-invasive ventilator. Among accessories, ventilator masks accounted for
the largest revenue of $XX million in 2020, due to increased efficacy and increased demand
for the non-invasive device. Based on the power base, the electric ventilators segment
commanded the largest revenue of $XX million in 2020, Based on mobility,
transport/portable ventilator commanded the largest revenue of $XX million in 2020, and
based on the interphase, non-invasive ventilators accounted for the largest revenue $XX
million in 2020, increased prevalence of respiratory disorders and an increase in the use of
non-invasive are the factors driving the market.

The ventilator market based on end-user is segmented into hospitals, ambulatory surgical
centers, home healthcare and others. Among these, hospitals accounted for the largest
revenue of $XX million in 2020 due to an increase in the use of ICU ventilators, increase in
hospitalization, ICU beds and increased surgeries. Geographically, North America
accounted for the largest revenue of $XX million in 2020, due to increased healthcare
expenditure, an increase in funding and R&D investments for the development of ventilators.

Approvals, new product launches, agreements, collaboration and acquisitions are driving the
ventilator's global market growth. For example, In September 2020, Vexos Inc., received
Health Canada approval for Mechanical Ventilator Milano (MVM) for use under interim order.
The MVM Ventilator, developed by the International MVM Group, and manufactured by

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Vexos is an innovative, simple but powerful ventilator designed to address the specific needs
for the care and recovery of severely affected COVID-19 patients. In May 2020, Vyaire
Medical Inc. and Spirit AeroSystems are partnered for new manufacturing and supply
collaboration to build critical care ventilators at a converted facility in Wichita, Kan, U.S. The
temporary special partnership will allow Vyaire to quickly ramp up the production of critical
care ventilators. This partnership furthers earlier action taken by Vyaire to accelerate the
production of ventilators and other related respiratory equipment at its primary production
facilities based in North America.

Considering the attractiveness of the ventilators global market, several venture capitalists
are investing in nurturing new technologies or increasing market access for advanced
technologies. According to IQ4I Analysis, the reported funding received by companies during
the period 2019-2020 for the research in ventilator and as well as for manufacturing was
worth ~$557.4 million. In July 2020, ABM Respiratory Care (ABM) received $10.0 million
from Advanced MedTech Holdings, a global medical technology leader, and SEEDS Capital,
the investment arm of Enterprise Singapore. The funds raised accelerated the global
commercialization of the Alpha, the world’s first telehealth ventilator developed by ABM in
Singapore. The investment represents one of SEEDS Capital’s largest investments in the
medical device sector to date and Singapore’s largest Series A medical device fundraise in
2020. Ventilators clinical trials data indicate that XX% of clinical trials are in phase 3 stage
and XX% of clinical trials are in phase 2 and XX% are in phase 1 for developing invasive and
non-invasive devices.

Considering the huge demand for ventilators, during the COVID-19 pandemic, the non-
ventilators manufacturers also stepping up to provide ventilator to the healthcare
professionals. For instance, Dyson the most famous for its vacuums has designed a new
ventilator in just ten days and has received an order for 10,000 ventilators from the U.K.
government. General Motors is partnered with Ventec Life Systems to build more ventilators.
Some of the ventilator manufacturers including GE Healthcare, Medtronic, ResMed and
other privately held companies ramped-up ventilator production in anticipation of demand,
Zoll Medical announced it will be increasing its manufacturing capacity to 10,000 ventilators
per month. The US FDA issued new rules allowing medical device manufacturers to skip the
usual regulatory review process to make changes in existing products. In March 2020, Ford
Motor Company, joined with firms including 3M and GE Healthcare, and lent its
manufacturing and engineering expertise to quickly expand production of urgently needed
medical equipment and supplied to healthcare workers, first responders and patients fighting

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coronavirus. To overcome the shortage of ventilators, companies and research institutes are
developing low-cost ventilators, for instance, a team called MIT E-Vent (for emergency
ventilator), came with a device costing $400 to $500 which was earlier $30,000. In addition,
in June 2020, HP partnered with Redington 3D in India to produce 0.12 million ventilator
parts for AgVa Healthcare. As part of this initiative, 12 categories of parts have been 3D
printed to manufacture 10,000 ventilators.

Due to the high cost of new ventilators and budget constraints, the small and medium
healthcare providers in emerging regions are showing interest in refurbished devices which
are priced at XX% cost of new device which perform necessary functions without
compromising on quality. According to IQ4I analysis, the refurbished ventilators market is
estimated to be XX% of the total ventilators market in terms of value and XX% in volume.

According to IQ4I analysis, in 2020, the global number of hospitals is estimated to be

123,794 with 17,177,029 hospital beds, among these 555,158 beds are intensive care units.
Based on this estimation, ventilator units has been calculated globally, the total number of
ventilator sold in 2020 is 482,996, among these, 116,474 units are ICU ventilator, 361,001
units are Emergency and transport ventilator and 5,521 units are other ventilators. Due to
increase in ventilator demand, FDA has given EUA authorization for several ventilators.
Approximately 79 ventilators and 11 ventilator’s accessories received EUA authorization in
2020.

Major players in Ventilators global market are Koninklijke Philips N.V. (The Netherlands), GE
Healthcare (U.S.), Medtronic, PLC (Ireland), ResMed Inc. (U.S.), Ventec Life Systems
(U.S.), Vyaire Medical Inc. (U.S.), Hamilton Medical Corporation (Switzerland), Asahi Kasei
Group Company (Zoll Medical Corporation) (Japan), Getinge AB (Sweden), Air Liquide
Medical System SA (France), and Shenzhen Mindray Bio-Medical Electrics Co., Ltd. (China).

Reasons for buying this report:

 Ventilators global market is expected to reach $2,037.0 million by 2027.
 Identification and analysis of the Ventilators market segments by products, power
base, mobility, interphase, end-users and geography.
 Analysis of the global market by identifying various sub-segments of the Ventilators
market.
 Revenue forecast of the Ventilators market and strategic analysis of each submarket
with respect to individual growth trends.

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Ventilators Global Market

–Forecast to 2027

 Revenue forecast of the Ventilators market with respect to North America (U.S.),
(Rest of N.A.), Europe (Germany, U.K, Italy and Rest of Europe), Asia-Pacific
(Japan, China, India and Rest of APAC) and RoW (Brazil, Turkey and Others)
regions.
 Identification of the major market trends and factors driving or inhibiting the growth of
the ventilators global and its various sub-markets.
 Analysis of the opportunities for stakeholders by identifying the high-growth
segments of the market.
 Units sold and installed base analysis of ICU, emergency and transport and other
ventilators by region.
 Profiles of major players in the ventilators with details of their product offerings,
business strategies, SWOTs, market shares of overall ventilator market, ICU
ventilator, emergency and transport ventilator, technological advancements,
clinical trials, Porter’s and supply chain analysis.

FIGURE 1

VENTILATORS GLOBAL MARKET SEGMENTATION

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