Ventilator is a healthcare device that offers life support to patients while regulating the breathing of any patient during an operation. Ventilators are deployed in the state of genuine lung ailment or in different conditions which result in inappropriate working of respiratory framework. Ventilators help the patient to inhale effectively. On the premise, ventilators might be arranged into basic care ventilators, neonatal ventilators and transport and compact ventilators. Depending on the supply of oxygen to the lungs, ventilators are of two types such as negative pressure mechanical ventilators and positive pressure mechanical ventilators. Ventilators are usually deployed across big clinics and hospitals for supporting the breathing functionality of patients. In general, ventilators are used at hospitals and healthcare centers to support the human breathing process. However, in critical conditions where patients even need ventilator support at homes so, ventilators can even be used at homes. OBRC analysis estimates global ventilators market to grow at CAGR 7.90% during the forecast period 2016-2023. Factors such as fast expansion of geriatric population, increasing prevalence of chronic respiratory diseases, rapid urbanization and increasing pollution levels, rising government expenditure on healthcare, growing occurrence of preterm births, changing lifestyle and expanding prevalence of tobacco smoking are driving ventilators market across the globe. The major restraining factor for ventilators market are availability of cost-effective products from local manufacturers, resistance in technology transition, complexities related to the implementation of mechanical ventilators and reimbursement issues.
The buyers of ventilators are investing strategically into dedicated and specific ventilators for every segment instead of choosing the universal ventilators that were used earlier. This supports the buyers in expanding the number of units that they can purchase and allow the buyers to extend their budget. OneBreath which is a based cost-effective ventilators manufacturing company in Bangalore, India. It has successfully gained approximately $3 million of investment from angel investors such as Pierre Omidyar, a founder of Ebay and Ventureast. OneBreath is expected to use this capital investment to grow into developing markets of Eastern Europe, Africa and India. There are several other private equity players that are planning to invest notably in the ventilators market. Some key recent investments in ventilators market include, Lotus Surgical gaining $24 million investments from Samara Capital, India Value Fund strategically investing nearly $24.6 million in Trivitron, Asian Healthcare Fund and IDG Ventures uniquely investing nearly $8 million in Forus Health. Since the mentioned companies are deeply involved in manufacturing of ventilator equipment and therefore, any venture capital investments in these companies is expected to boost the global ventilators market growth over the forecast period 2016-2023.
Source: OBRC analysis
The report on global ventilators market is classified on the basis of type, age group, interface, mode, and end user.
Type is classified further into:
- Intensive Care Ventilator
- Transportable/Portable Ventilator
Age group within market is bifurcated into:
- Neonatal / Infant ventilator
- Pediatric / Adult ventilator
Interface are divided into:
- Invasive ventilation
- Non-invasive ventilation
Mode is further sub-segmented as:
- Combined-mode ventilation
- Volume-mode ventilation
- Pressure-mode ventilation
- Others ventilation
In terms of end user market is classified into:
- Hospitals & Clinics
- Ambulatory care centers
- Home care
The report scope is widely categorized on the basis of its segments such as type, age group, interface, mode and end user. Moreover, the market revenue estimates and forecast includes only the hardware. However, the report scope excludes any software.
The global ventilators market has been geographically segmented into:
- North America (US & Canada)
- Asia Pacific (China, India, Japan, Australia, Rest of Asia Pacific)
- Europe (UK, France, Germany, Rest of Europe)
- Rest of the World (RoW)
North America and Europe dominates ventilators market for the forecast period 2016-2023, in terms of revenue and technology adoption. Robust demand for enhanced and impactful healthcare solutions, growing healthcare awareness, deployment of advanced reimbursement policies and growing incidence of respiratory disorders are the main driving factors driving ventilators market in North America and Europe. Germany, UK, France, and Spain are key investment destination within Europe for ventilators market, with rising private sector investments in ventilators market in Europe. Asia Pacific and Latin America are amongst the emerging markets for ventilators market. Increasing aging population, growing disposable income, and expanding prevalence of respiratory disorders such as COPD and asthma are some of the key factors that are expected to boost the growth across ventilators market in Latin America and Asia Pacific. The growing medical tourism industry in the Asia Pacific region including, China, India, Japan, Australia, South Korea, etc. is expected to boost the ventilators market growth in the region. On October 4, 2016 Apax Partners and Becton Dickinson & Co. finalized the closure of joint venture under the medical brand, Vyaire Medical. The closure of this strategic respiratory joint venture deal is expected to boost the global ventilators market growth over the forecast period 2016-2023 because the joint venture is expected to expand the product portfolio of Vyaire Medical particularly, in the ventilators market.
Some of the leading market players within global ventilators market are:
- GE Healthcare
- Hamilton Medical AG
- Teleflex Incorporated
- Getinge Group
- Smiths Group Plc.
- Others
Merger & acquisition, partnership, collaboration and product launch are some of the strategies used by companies within global ventilators market. Of these, collaboration, and merger & acquisition are primary strategies adopted by companies for increasing their market share.
On October 7 2016, Becton, Dickinson Co. (BD) finalized its joint venture with Apax Partners for creating Vyaire Medical. Through this transaction BD has uniquely sold its respiratory business that was acquired during its purchase of CareFusion. Apax raised approximately $500 million and it’s expected to own approximately 50.1% Vyaire share whereas, BD retaining 49.9% of the overall company share.
Company profiling showcased within global ventilators market offers detailed analysis on company’s product portfolio, strategic initiatives, competitive landscape, market share and SCOT analysis.
Key Reason to buy the report:
- The report includes market estimation forecast and analysis for the year 2016-2023
- The report points out scenarios that can drive, challenge, and restraint global ventilators market
- Company profiling within the report offers strategic initiatives, and market share analysis of major players within the market
- The report offers snapshot on recent regulatory and government policies impacting market growth for the forecasted period
How we are different from others:
At OBRC, our reports offer an extensive portfolio through completed market analysis along with market share, market size, and market segmentation. The DROC’s for the markets are well thought out and researched after consulting with industry experts. Global ventilators market showcases market analysis through models like investment vs adoption, see saw analysis, and so on. The report also provides overview on product application, adoption and decision support within each segment. The company profiling for major players within the market is showcased via SCOT analysis.
Key findings of the global ventilators market:
- North America and Europe dominates ventilators market in terms of revenue and technology adoption.
- Asia Pacific is the fastest growing market, due to increasing aging population, growing disposable income, and expanding prevalence of respiratory disorders such as COPD and asthma.
- Non-invasive ventilators are expected to be the fastest growing segment within ventilators market by interface.
- End user has largest market share in the global ventilators market.
- Merger & acquisition and collaboration are the key strategies adopted by companies within ventilators market.
