Global Ventilators Market is poised to witness a Lucrative Growth of 6-8% by 2026 - Growing Cases of Respiratory Diseases

The role of the lungs is to inhale and distribute the oxygen the cells need to survive, and exhale the carbon dioxide that the body needs to eliminate. In scenarios, when the act of breathing becomes difficult or not as effective at performing these functions then in those cases mechanical ventilation may be prescribed. Ventilators are medical devices which assist in the patient’s breathing.

Impact of Covid-19 Pandemic on the Global Ventilators Market

During 2020-2021, most of the patients infected with the Covid-19 virus showcased moderate symptoms and recovered quickly. However, some patients developed severe respiratory failure and required intensive care unit (ICU) admission and mechanical ventilation. To treat and save the lives of these severe Covid-19 patients, ventilators served as a viable treatment option, which in turn boosted the demand of the global ventilators market.

“The ventilator production was ramped up in response to the pandemic, but tailwinds for the ventilators, and ventilation masks are starting to ebb. While we continue to work on current and future contracts with hospitals, and national health authorities for ventilators, we expect the sales volume to shrink.”-Director, Business Development, Leading Ventilator Manufacturer, United States

Demand for Critical Healthcare Services at Home Drives the Growth of the Ventilators Market

Due to the fear of contracting the Covid-19 virus at hospitals, there was a huge surge in the demand for home healthcare services such as home ICU, teleconsultations, home phlebotomy services, and e-pharmacy. The growing demand for critical healthcare services at home spurred the demand for respiratory machines such as ventilators, special beds, ICU, and multipara monitors. Some patients with lung-related illnesses preferred home healthcare services for oxygen & ventilator support and long-term rehabilitation.

Technological Innovations are driving the Ventilators Market

The global ventilators market is a technology-driven market and is marked by constant product enhancements and innovations. For instance,

• In January, 2022, OES Medical launched ICU ventilator at Arab Health 2022. The company’s Gemini-G100 is an electrically driven piston ICU ventilator with integrated oxygen concentrator for use in intensive care.

Competitive Landscape Analysis: Global Ventilators Market

The global ventilators market is marked by the presence of leading market players such as 飞利浦 , ResMed , 美敦力 , Vyaire Medical , 旭化成 , Air Liquide Medical Systems , GE医疗 , Fisher & Paykel Healthcare , Dr?gerwerk AG & Co. KGaA , Nihon Kohden America , Getinge , Hamilton Medical , among others.

Growth Strategies Adopted by Leading Market Players to Establish Their Strong Foothold in the Ventilators Market

The global ventilators market is marked by the presence of both established and emerging players. Players operating in the market have adopted both organic and inorganic growth strategies such as acquisitions, and new product launches to garner a higher market share. For instance,

• In April 2021, Getinge received FDA 510(k) clearance for three products to expand its Servo platform of ventilators. The firm secured clearances for new software options for the Servo-u and Servo-n ventilators, as well as clearance for use of the new Servo-u MR ventilator in the MRI room.

The worldwide ventilators market is expected to grow at a decent rate in the upcoming years due to the rising cases of respiratory diseases, increasing number of preterm births, rising number of ICU beds, technological advancements in ventilators, and an increasing aging population.

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