Mechanical Ventilators Market Analysis, Market Size, In-Depth Insights, Growth and Forecast 2025
The uncontested relevance of life support technologies across the healthcare industry has driven demand within the global mechanical ventilators market. The technology exhibits proven efficacy in supporting human lungs by enabling adequate breathing. The medical and healthcare industries have, time and again, authenticated the importance of ventilators for several patient groups. The rising incidence of respiratory disorders that can constrain breathing in ageing individuals has created renewed demand for mechanical ventilators. Known by several other names such as respirator and breathing machine, mechanical ventilators form a critical part of infrastructure inside intensive care units (ICUs). The total count of ventilators across healthcare facilities has become a parameter for assessing the credibility of the latter. In light of the aforementioned factors, it is safe to expect that the total worth of the global mechanical ventilators market would increase in the times to follow.
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Chronic Obstructive Pulmonary Disease (COPD) had been identified by the WHO as a severe threat to the health of patients across the globe. This is also a visible driver of demand within the global market. Use of mechanical ventilators can take several routes, depending on the medical condition of the patients. In most cases, use of ventilators is restricted to patients in need of high concentration of oxygen support to the lungs. However, ailing patients who need to get rid of carbon dioxide and patients with severe injuries causing breathing issues are also put on ventilators.
COVID-19 Outbreak Acted as an Alarm Call for Healthcare Units to Install New Mechanical Ventilators
The spread of the novel coronavirus caused mayhem across the healthcare fraternity. While hospitals and primary healthcare units exhausted their operational capacities, governments had to squeeze in all their resources to meet the whopping demand for medical support. This also involved more frequent use of existing mechanical ventilators and induction of new ventilators across healthcare facilities. Since low oxygen concentration level was the most common symptom of COVID-19 patients, breathing support became indispensable, calling for the availability of ventilators across all covid-care units. In addition to this, secondary infections acquired by patients from the hospital also necessitate the use of mechanical ventilators. It is rather inferential to say that the COVID-19 pandemic caused an uptick in demand for mechanical ventilators.
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Middle East and Africa to Supersede Other Regional Markets in Terms of Cumulative Growth
The demand for mechanical ventilators has remained afloat in the US and several parts of Europe. The sophisticated healthcare infrastructure across these regions, coupled with consistent investment in medical wellness, propels demand across the regional markets. In recent years, the quest of governments in the Middle East and Africa region to ramp up their healthcare infrastructure has brought life support technologies under the radar of focus. This factor is expected to put the region at the top of the charter in terms of CAGR over the forecast period.
The leading manufacturers of mechanical ventilators are Fisher & Paykel, Medtronic, Getinge AB, Smiths Group, Bio-Med Devices, Inc., Becton Dickinson and Company, Cardinal Health, GE Healthcare, and Hillrom.
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