Mechanical Ventilators Market

Mechanical Ventilators Market Size by Product Type (Intensive Care/Critical Care Mechanical Ventilators, Neonatal Mechanical Ventilators, Transport & Portable Mechanical Ventilators, and Others), Mode of Ventilation (Invasive Ventilation and Non-invasive Ventilation), End User (Hospitals, Home Care, Ambulatory Surgical Center and Others), Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2023 to 2032

Base Year: 2022 Historical Data: 2019-21
  • Report ID: TBI-13743
  • Published Date: Oct, 2023
  • Pages: 238
  • Category: Healthcare
  • Format: PDF
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The global mechanical ventilators market generated USD 5.47 billion in 2022 and is projected to grow at a CAGR of 5.79% from 2023 to 2032. The market is expected to reach USD 9.60 billion by 2032. The instantaneous growth in the ageing population and a rise in chronic obstructive pulmonary disease incidence are driving the global mechanical ventilators market's growth. Furthermore, rapid technological advances and increasing expenditure on healthcare facilities are anticipated to witness market growth during the forecast period.

Market Introduction:

A mechanical ventilator is a medical device designed to provide mechanical or artificial ventilation to patients who cannot breathe adequately or require respiratory support. It delivers a controlled mixture of oxygen and air into a patient's lungs and can assist with both the inhalation and exhalation phases of breathing. These devices are essential in critical care settings to maintain proper oxygen levels, remove carbon dioxide, and support individuals with various respiratory diseases, such as acute respiratory distress syndrome (ARDS), or during surgical procedures under anaesthesia. Mechanical ventilators are critical to modern healthcare, helping patients receive the necessary respiratory support when their natural breathing is compromised.

Mechanical Ventilators Market Size

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Recent Development
  • In July 2023: Getinge has received clearance from the US Food and Drug Administration (FDA) for Servo-air Lite. This cutting-edge, non-invasive mechanical ventilator operates independently of wall gas. This regulatory milestone marks a considerable growth of Getinge's potential market for ventilation solutions in the United States. Servo-air Lite, a member of Getinge's Servo ventilator family, is driven by a powerful turbine system to provide high-quality ventilation for spontaneously breathing patients requiring additional respiratory support. Notably, this ventilator has a robust battery backup, enabling it to function autonomously without relying on wall gas sources. This feature makes it particularly well-suited for intrahospital patient transports.
  • In January 2022: OES Medical, a United Kingdom-based manufacturer specializing in anaesthesia equipment, will unveil a groundbreaking ICU ventilator, Gemini-G100, at Arab Health 2022 by participating in the ABHI UK Pavilion. This innovative device is designed to assist hospitals in effectively managing their oxygen demands, particularly during peak periods. Named the Gemini-G100, this electrically driven piston ICU ventilator has an integrated oxygen concentrator, making it an ideal choice for intensive care settings. What sets the Gemini-G100 apart is its ability to operate without placing any strain on the hospital's oxygen supply infrastructure. Instead, it solely relies on mains electrical power, significantly reducing the need for oxygen deliveries. This unique feature proves invaluable for hospitals, as it enhances their oxygen management capabilities, especially when facing increased demand.

Market Dynamics:

Drivers

Ageing Population - The increasing prevalence of respiratory ailments, including pneumonia and chronic obstructive pulmonary disease, among the ageing global population has increased demand for mechanical ventilators. This elevated need arises from the healthcare necessities associated with older individuals.

Rising Surgical Procedures - The growing number of surgical procedures, including heart surgeries, orthopaedic surgeries, and organ transplants, often require mechanical ventilation during recovery, contributing to market growth.

Awareness and Education - Increasing awareness about the importance of respiratory health and early diagnosis of respiratory disorders has led to greater demand for mechanical ventilators.

Restraints:

High Cost of Ventilators - Mechanical ventilators are complex and expensive medical devices. The high purchase, maintenance, and operation costs can be a significant barrier, especially for healthcare facilities in resource-constrained settings.

Limited Availability in Developing Regions - Many developing countries need help procuring adequate mechanical ventilators, resulting in poor access to critical care for patients with respiratory disorders.

Opportunities:

Rising Demand for Portable Ventilators - An escalating need exists for portable and easily transportable ventilators that find applications across diverse healthcare environments, such as ambulances, field hospitals, and home care settings. Manufacturers can harness this trend by crafting inventive and lightweight portable ventilator solutions.

Technological Advancements - Continuous innovation in ventilator technology, such as advanced monitoring capabilities, improved user interfaces, and enhanced data analytics, presents opportunities for manufacturers to differentiate their products.

Challenges:

Supply Chain Disruptions - The worldwide supply chain for mechanical ventilators can exhibit susceptibility to disruptions stemming from pandemics, natural calamities, and geopolitical tensions. These interruptions have the potential to result in scarcities and heightened expenditures.

Regulatory Compliance - Meeting strict regulatory requirements and obtaining approvals from health authorities in different regions can be time-consuming and costly for manufacturers. Changes in regulations can also impact market entry and product development.

Regional segmentation analysis:

The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. The North American region emerged as the most prominent global mechanical ventilators market, with a 54.82% market revenue share in 2022.

North America boasts a highly developed, sophisticated healthcare infrastructure with state-of-the-art hospitals, clinics, and research institutions. This infrastructure supports the widespread adoption of mechanical ventilators. The region is a hub for medical device innovation. North American companies invest heavily in research and development, creating cutting-edge ventilator technologies that gain global recognition and market share. Additionally, North America has robust regulatory agencies, such as the FDA and Health Canada, which ensure the safety and efficacy of medical devices. This regulatory environment fosters trust in North American ventilator manufacturers. Also, intense competition among North American medical device manufacturers encourages innovation and efficiency. Major players like Philips, Medtronic, and ResMed are headquartered in the region, contributing to market dominance. The Europe region is anticipated to witness good growth during the forecast years. Europe boasts well-established and advanced healthcare systems with a strong emphasis on patient care. This infrastructure provides a conducive environment for the adoption of mechanical ventilators in both hospitals and home healthcare settings.

North America Region Mechanical Ventilators Market Share in 2022 - 54.82%

 

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Product Type Segment Analysis

The product type segment includes intensive care/critical care mechanical ventilators, neonatal mechanical ventilators, transport & portable mechanical ventilators, and others. The intensive care/critical care mechanical ventilators segment dominated the market, with a share of 58.03% in 2022. Critical care mechanical ventilators are indispensable in managing patients with severe respiratory distress, such as acute respiratory distress syndrome (ARDS), post-surgery recovery, or critical illnesses like COVID-19. These devices provide life-saving support for patients in intensive care units (ICUs) and emergency departments. Critical care ventilators offer precise control over various ventilation parameters, allowing healthcare providers to tailor treatment to each patient's needs. They are equipped with advanced monitoring capabilities, ensuring the patient's safety and the effectiveness of therapy. In addition, critical care mechanical ventilators are versatile and can be used across various clinical settings, including hospitals, trauma centers, and ICUs. Their adaptability and reliability make them a preferred choice for managing critically ill patients.

Mode of Ventilation Segment Analysis

The mode of ventilation segment is classified into invasive ventilation and non-invasive ventilation. The non-invasive ventilation segment dominated the market, with a share of around 58.03% in 2022. Non-invasive ventilation methods, exemplified by CPAP and BiPAP, offer respiratory support without necessitating invasive intubation. This patient-centric approach is characterized by enhanced comfort and reduced invasiveness, contributing significantly to its widespread acceptance. Furthermore, non-invasive ventilation (NIV) effectively addresses various respiratory disorders, encompassing chronic obstructive pulmonary disease (COPD), sleep apnea, and acute respiratory failure. As the prevalence of these conditions continues to rise, there is a corresponding surge in demand for non-invasive ventilation. Additionally, the adaptability of non-invasive ventilation to homecare and outpatient settings has emerged as a pivotal factor propelling its adoption. In these settings, patients grappling with chronic respiratory conditions can access treatment without hospitalization, fueling the increasing utilization of NIV devices.

End User Segment Analysis

The end user segment is split into hospitals, home care, ambulatory surgical center and others. The hospital segment dominated the market, with a share of around 46.13% in 2022. Hospitals, particularly intensive care units (ICUs), are the primary locations for treating critically ill patients who require mechanical ventilation. Ventilators are indispensable for patients with severe respiratory distress, making hospitals the largest users of these devices. In addition, hospitals use mechanical ventilators across a broad spectrum of medical specialities, including pulmonology, critical care medicine, anesthesiology, surgery, and emergency medicine. The versatility of ventilators makes them essential in hospital settings. Ventilators are crucial during emergencies and surgical procedures when patients require respiratory support under anaesthesia. Hospitals are equipped with specialized ventilators for these purposes.

Some of the Key Market Players:
  • Allied Healthcare Products, Inc.
  • Abbott
  • Avasarala Technologies Ltd.
  • Airon Corporation
  • aXcent Medical GmbH
  • Air Liquide
  • Asahi Kasei Corporation
  • Boston Scientific Corporation
  • BIOTRONIK SE & Co. KG
  • Bio-Med Devices, Inc.
  • CorVent Medical
  • Drägerwerk AG & CO. KGAA
  • Fisher & Paykel Healthcare Limited
  • Getinge AB
  • GE Healthcare
  • Hamilton Medical
  • Hill-Rom Holdings, Inc.
  • HEYER Medical AG
  • Inovytec
  • InnAccel Technologies Pvt Ltd.
  • Koninklijke Philips N.V.
  • Medtronic
  • Metran Co., Ltd.
  • Magnamed
  • MicroPort Scientific Corporation
  • Nihon Kohden Corporation
  • OES Medical
  • ResMed
  • Schiller AG
  • Smiths Group plc
  • Stryker
  • Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
  • TRITON Electronic Systems Ltd.
  • Vyaire Medical, Inc.
  • ZOLL Medical Corporation (Asahi Kasei)

Report Description: 

Attribute Description
Market Size Revenue (USD Billion)
Market size value in 2022 USD 5.47 Billion
Market size value in 2032 USD 9.60 Billion
CAGR (2023 to 2032) 5.79%
Historical data 2019-2021
Base Year 2022
Forecast 2023-2032
Region The regions analyzed for the market are Asia Pacific, Europe, South America, North America, and Middle East & Africa. Furthermore, the regions are further analyzed at the country level.
Segments Product Type, Mode of Ventilation, and End-User

Frequesntly Asked Questions

As per The Brainy Insights, the size of the mechanical ventilators market was valued at USD 5.47 billion in 2022 to USD 9.60 billion by 2032.

The global mechanical ventilators market is growing at a CAGR of 5.79% during the forecast period 2023-2032.

The North American region became the largest market for mechanical ventilators.

Ageing population and rising surgical procedures are influencing the market's growth.

1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope
    1.4. Currency
    1.5. Key Target Audience

2. Research Methodology and Assumptions

3. Executive Summary

4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis by Product Type
          4.3.2. Market Attractiveness Analysis by Mode of Ventilation
          4.3.3. Market Attractiveness Analysis by End User
          4.3.4. Market Attractiveness Analysis by Region
    4.4. Industry Trends

5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. Ageing Population
          5.2.2. Rising Surgical Procedures
          5.2.3. Awareness and Education
    5.3. Restraints
          5.3.1. High Cost of Ventilators
          5.3.2. Limited Availability in Developing Regions
    5.4. Opportunities
          5.4.1. Rising Demand for Portable Ventilators
          5.4.2. Technological Advancements
    5.5. Challenges
          5.5.1. Supply Chain Disruptions
          5.5.2. Regulatory Compliance

6. Global Mechanical Ventilators Market Analysis and Forecast, By Product Type
    6.1. Segment Overview
    6.2. Intensive Care/Critical Care Mechanical Ventilators
    6.3. Neonatal Mechanical Ventilators
    6.4. Transport & Portable Mechanical Ventilators
    6.5. Others

7. Global Mechanical Ventilators Market Analysis and Forecast, By Mode of Ventilation
    7.1. Segment Overview
    7.2. Invasive Ventilation
    7.3. Non-invasive Ventilation

8. Global Mechanical Ventilators Market Analysis and Forecast, By End User
    8.1. Segment Overview
    8.2. Hospitals
    8.3. Home Care
    8.4. Ambulatory Surgical Center
    8.5. Others

9. Global Mechanical Ventilators Market Analysis and Forecast, By Regional Analysis
    9.1. Segment Overview
    9.2. North America
          9.2.1. U.S.
          9.2.2. Canada
          9.2.3. Mexico
    9.3. Europe
          9.3.1. Germany
          9.3.2. France
          9.3.3. U.K.
          9.3.4. Italy
          9.3.5. Spain
    9.4. Asia-Pacific
          9.4.1. Japan
          9.4.2. China
          9.4.3. India
    9.5. South America
          9.5.1. Brazil
    9.6. Middle East and Africa
          9.6.1. UAE
          9.6.2. South Africa

10. Global Mechanical Ventilators Market-Competitive Landscape
    10.1. Overview
    10.2. Market Share of Key Players in the Mechanical Ventilators Market
          10.2.1. Global Company Market Share
          10.2.2. North America Company Market Share
          10.2.3. Europe Company Market Share
          10.2.4. APAC Company Market Share
    10.3. Competitive Situations and Trends
          10.3.1. Product Launches and Developments
          10.3.2. Partnerships, Collaborations, and Agreements
          10.3.3. Mergers & Acquisitions
          10.3.4. Expansions

11. Company Profiles
    11.1. Allied Healthcare Products, Inc.
          11.1.1. Business Overview
          11.1.2. Company Snapshot
          11.1.3. Company Market Share Analysis
          11.1.4. Company Product Portfolio
          11.1.5. Recent Developments
          11.1.6. SWOT Analysis
    11.2. Abbott
          11.2.1. Business Overview
          11.2.2. Company Snapshot
          11.2.3. Company Market Share Analysis
          11.2.4. Company Product Portfolio
          11.2.5. Recent Developments
          11.2.6. SWOT Analysis
    11.3. Avasarala Technologies Ltd.
          11.3.1. Business Overview
          11.3.2. Company Snapshot
          11.3.3. Company Market Share Analysis
          11.3.4. Company Product Portfolio
          11.3.5. Recent Developments
          11.3.6. SWOT Analysis
    11.4. Airon Corporation
          11.4.1. Business Overview
          11.4.2. Company Snapshot
          11.4.3. Company Market Share Analysis
          11.4.4. Company Product Portfolio
          11.4.5. Recent Developments
          11.4.6. SWOT Analysis
    11.5. aXcent Medical GmbH
          11.5.1. Business Overview
          11.5.2. Company Snapshot
          11.5.3. Company Market Share Analysis
          11.5.4. Company Product Portfolio
          11.5.5. Recent Developments
          11.5.6. SWOT Analysis
    11.6. Air Liquide
          11.6.1. Business Overview
          11.6.2. Company Snapshot
          11.6.3. Company Market Share Analysis
          11.6.4. Company Product Portfolio
          11.6.5. Recent Developments
          11.6.6. SWOT Analysis
    11.7. Asahi Kasei Corporation
          11.7.1. Business Overview
          11.7.2. Company Snapshot
          11.7.3. Company Market Share Analysis
          11.7.4. Company Product Portfolio
          11.7.5. Recent Developments
          11.7.6. SWOT Analysis
    11.8. Boston Scientific Corporation
          11.8.1. Business Overview
          11.8.2. Company Snapshot
          11.8.3. Company Market Share Analysis
          11.8.4. Company Product Portfolio
          11.8.5. Recent Developments
          11.8.6. SWOT Analysis
    11.9. BIOTRONIK SE & Co. KG
          11.9.1. Business Overview
          11.9.2. Company Snapshot
          11.9.3. Company Market Share Analysis
          11.9.4. Company Product Portfolio
          11.9.5. Recent Developments
          11.9.6. SWOT Analysis
    11.10. Bio-Med Devices, Inc.
          11.10.1. Business Overview
          11.10.2. Company Snapshot
          11.10.3. Company Market Share Analysis
          11.10.4. Company Product Portfolio
          11.10.5. Recent Developments
          11.10.6. SWOT Analysis
    11.11. CorVent Medical
          11.11.1. Business Overview
          11.11.2. Company Snapshot
          11.11.3. Company Market Share Analysis
          11.11.4. Company Product Portfolio
          11.11.5. Recent Developments
          11.11.6. SWOT Analysis
    11.12. Drägerwerk AG & CO. KGAA
          11.12.1. Business Overview
          11.12.2. Company Snapshot
          11.12.3. Company Market Share Analysis
          11.12.4. Company Product Portfolio
          11.12.5. Recent Developments
          11.12.6. SWOT Analysis
    11.13. Fisher & Paykel Healthcare Limited
          11.13.1. Business Overview
          11.13.2. Company Snapshot
          11.13.3. Company Market Share Analysis
          11.13.4. Company Product Portfolio
          11.13.5. Recent Developments
          11.13.6. SWOT Analysis
    11.14. Getinge AB
          11.14.1. Business Overview
          11.14.2. Company Snapshot
          11.14.3. Company Market Share Analysis
          11.14.4. Company Product Portfolio
          11.14.5. Recent Developments
          11.14.6. SWOT Analysis
    11.15. GE Healthcare
          11.15.1. Business Overview
          11.15.2. Company Snapshot
          11.15.3. Company Market Share Analysis
          11.15.4. Company Product Portfolio
          11.15.5. Recent Developments
          11.15.6. SWOT Analysis
    11.16. Hamilton Medical
          11.16.1. Business Overview
          11.16.2. Company Snapshot
          11.16.3. Company Market Share Analysis
          11.16.4. Company Product Portfolio
          11.16.5. Recent Developments
          11.16.6. SWOT Analysis
    11.17. Hill-Rom Holdings, Inc.
          11.17.1. Business Overview
          11.17.2. Company Snapshot
          11.17.3. Company Market Share Analysis
          11.17.4. Company Product Portfolio
          11.17.5. Recent Developments
          11.17.6. SWOT Analysis
    11.18. HEYER Medical AG
          11.18.1. Business Overview
          11.18.2. Company Snapshot
          11.18.3. Company Market Share Analysis
          11.18.4. Company Product Portfolio
          11.18.5. Recent Developments
          11.18.6. SWOT Analysis
    11.19. Inovytec
          11.19.1. Business Overview
          11.19.2. Company Snapshot
          11.19.3. Company Market Share Analysis
          11.19.4. Company Product Portfolio
          11.19.5. Recent Developments
          11.19.6. SWOT Analysis
    11.20. InnAccel Technologies Pvt Ltd.
          11.20.1. Business Overview
          11.20.2. Company Snapshot
          11.20.3. Company Market Share Analysis
          11.20.4. Company Product Portfolio
          11.20.5. Recent Developments
          11.20.6. SWOT Analysis
    11.21. Koninklijke Philips N.V.
          11.21.1. Business Overview
          11.21.2. Company Snapshot
          11.21.3. Company Market Share Analysis
          11.21.4. Company Product Portfolio
          11.21.5. Recent Developments
          11.21.6. SWOT Analysis
    11.22. Medtronic
          11.22.1. Business Overview
          11.22.2. Company Snapshot
          11.22.3. Company Market Share Analysis
          11.22.4. Company Product Portfolio
          11.22.5. Recent Developments
          11.22.6. SWOT Analysis
    11.23. Metran Co., Ltd.
          11.23.1. Business Overview
          11.23.2. Company Snapshot
          11.23.3. Company Market Share Analysis
          11.23.4. Company Product Portfolio
          11.23.5. Recent Developments
          11.23.6. SWOT Analysis
    11.24. Magnamed
          11.24.1. Business Overview
          11.24.2. Company Snapshot
          11.24.3. Company Market Share Analysis
          11.24.4. Company Product Portfolio
          11.24.5. Recent Developments
          11.24.6. SWOT Analysis
    11.25. MicroPort Scientific Corporation
          11.25.1. Business Overview
          11.25.2. Company Snapshot
          11.25.3. Company Market Share Analysis
          11.25.4. Company Product Portfolio
          11.25.5. Recent Developments
          11.25.6. SWOT Analysis
    11.26. Nihon Kohden Corporation
          11.26.1. Business Overview
          11.26.2. Company Snapshot
          11.26.3. Company Market Share Analysis
          11.26.4. Company Product Portfolio
          11.26.5. Recent Developments
          11.26.6. SWOT Analysis
    11.27. OES Medical
          11.27.1. Business Overview
          11.27.2. Company Snapshot
          11.27.3. Company Market Share Analysis
          11.27.4. Company Product Portfolio
          11.27.5. Recent Developments
          11.27.6. SWOT Analysis
    11.28. ResMed
          11.28.1. Business Overview
          11.28.2. Company Snapshot
          11.28.3. Company Market Share Analysis
          11.28.4. Company Product Portfolio
          11.28.5. Recent Developments
          11.28.6. SWOT Analysis
    11.29. Schiller AG
          11.29.1. Business Overview
          11.29.2. Company Snapshot
          11.29.3. Company Market Share Analysis
          11.29.4. Company Product Portfolio
          11.29.5. Recent Developments
          11.29.6. SWOT Analysis
    11.30. Smiths Group plc
          11.30.1. Business Overview
          11.30.2. Company Snapshot
          11.30.3. Company Market Share Analysis
          11.30.4. Company Product Portfolio
          11.30.5. Recent Developments
          11.30.6. SWOT Analysis
    11.31. Stryker
          11.31.1. Business Overview
          11.31.2. Company Snapshot
          11.31.3. Company Market Share Analysis
          11.31.4. Company Product Portfolio
          11.31.5. Recent Developments
          11.31.6. SWOT Analysis
    11.32. Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
          11.32.1. Business Overview
          11.32.2. Company Snapshot
          11.32.3. Company Market Share Analysis
          11.32.4. Company Product Portfolio
          11.32.5. Recent Developments
          11.32.6. SWOT Analysis
    11.33. TRITON Electronic Systems Ltd.
          11.33.1. Business Overview
          11.33.2. Company Snapshot
          11.33.3. Company Market Share Analysis
          11.33.4. Company Product Portfolio
          11.33.5. Recent Developments
          11.33.6. SWOT Analysis
    11.34. Vyaire Medical, Inc.
          11.34.1. Business Overview
          11.34.2. Company Snapshot
          11.34.3. Company Market Share Analysis
          11.34.4. Company Product Portfolio
          11.34.5. Recent Developments
          11.34.6. SWOT Analysis
    11.35. ZOLL Medical Corporation (Asahi Kasei)
          11.35.1. Business Overview
          11.35.2. Company Snapshot
          11.35.3. Company Market Share Analysis
          11.35.4. Company Product Portfolio
          11.35.5. Recent Developments
          11.35.6. SWOT Analysis
 

List of Table

1. Global Mechanical Ventilators Market, By Product Type, 2019-2032 (USD Billion) (Units)

2. Global Intensive Care/Critical Care Mechanical Ventilators, Mechanical Ventilators Market, By Region, 2019-2032 (USD Billion) (Units)

3. Global Neonatal Mechanical Ventilators, Mechanical Ventilators Market, By Region, 2019-2032 (USD Billion) (Units)

4. Global Transport & Portable Mechanical Ventilators, Mechanical Ventilators Market, By Region, 2019-2032 (USD Billion) (Units)

5. Global Others, Mechanical Ventilators Market, By Region, 2019-2032 (USD Billion) (Units)

6. Global Mechanical Ventilators Market, By Mode of Ventilation, 2019-2032 (USD Billion) (Units)

7. Global Invasive Ventilation Mechanical Ventilators Market, By Region, 2019-2032 (USD Billion) (Units)

8. Global Non-invasive Ventilation Mechanical Ventilators Market, By Region, 2019-2032 (USD Billion) (Units)

9. Global Mechanical Ventilators Market, By End User, 2019-2032 (USD Billion) (Units)

10. Global Hospitals Mechanical Ventilators Market, By Region, 2019-2032 (USD Billion) (Units)

11. Global Home Care Mechanical Ventilators Market, By Region, 2019-2032 (USD Billion) (Units)

12. Global Ambulatory Surgical Center Mechanical Ventilators Market, By Region, 2019-2032 (USD Billion) (Units)

13. Global Others Mechanical Ventilators Market, By Region, 2019-2032 (USD Billion) (Units)

14. Global Mechanical Ventilators Market, By Region, 2019-2032 (USD Billion) (Units)

15. North America Mechanical Ventilators Market, By Product Type, 2019-2032 (USD Billion) (Units)

16. North America Mechanical Ventilators Market, By Mode of Ventilation, 2019-2032 (USD Billion) (Units)

17. North America Mechanical Ventilators Market, By End User, 2019-2032 (USD Billion) (Units)

18. U.S. Mechanical Ventilators Market, By Product Type, 2019-2032 (USD Billion) (Units)

19. U.S. Mechanical Ventilators Market, By Mode of Ventilation, 2019-2032 (USD Billion) (Units)

20. U.S. Mechanical Ventilators Market, By End User, 2019-2032 (USD Billion) (Units)

21. Canada Mechanical Ventilators Market, By Product Type, 2019-2032 (USD Billion) (Units)

22. Canada Mechanical Ventilators Market, By Mode of Ventilation, 2019-2032 (USD Billion) (Units)

23. Canada Mechanical Ventilators Market, By End User, 2019-2032 (USD Billion) (Units)

24. Mexico Mechanical Ventilators Market, By Product Type, 2019-2032 (USD Billion) (Units)

25. Mexico Mechanical Ventilators Market, By Mode of Ventilation, 2019-2032 (USD Billion) (Units)

26. Mexico Mechanical Ventilators Market, By End User, 2019-2032 (USD Billion) (Units)

27. Europe Mechanical Ventilators Market, By Product Type, 2019-2032 (USD Billion) (Units)

28. Europe Mechanical Ventilators Market, By Mode of Ventilation, 2019-2032 (USD Billion) (Units)

29. Europe Mechanical Ventilators Market, By End User, 2019-2032 (USD Billion) (Units)

30. Germany Mechanical Ventilators Market, By Product Type, 2019-2032 (USD Billion) (Units)

31. Germany Mechanical Ventilators Market, By Mode of Ventilation, 2019-2032 (USD Billion) (Units)

32. Germany Mechanical Ventilators Market, By End User, 2019-2032 (USD Billion) (Units)

33. France Mechanical Ventilators Market, By Product Type, 2019-2032 (USD Billion) (Units)

34. France Mechanical Ventilators Market, By Mode of Ventilation, 2019-2032 (USD Billion) (Units)

35. France Mechanical Ventilators Market, By End User, 2019-2032 (USD Billion) (Units)

36. U.K. Mechanical Ventilators Market, By Product Type, 2019-2032 (USD Billion) (Units)

37. U.K. Mechanical Ventilators Market, By Mode of Ventilation, 2019-2032 (USD Billion) (Units)

38. U.K. Mechanical Ventilators Market, By End User, 2019-2032 (USD Billion) (Units)

39. Italy Mechanical Ventilators Market, By Product Type, 2019-2032 (USD Billion) (Units)

40. Italy Mechanical Ventilators Market, By Mode of Ventilation, 2019-2032 (USD Billion) (Units)

41. Italy Mechanical Ventilators Market, By End User, 2019-2032 (USD Billion) (Units)

42. Spain Mechanical Ventilators Market, By Product Type, 2019-2032 (USD Billion) (Units)

43. Spain Mechanical Ventilators Market, By Mode of Ventilation, 2019-2032 (USD Billion) (Units)

44. Spain Mechanical Ventilators Market, By End User, 2019-2032 (USD Billion) (Units)

45. Asia Pacific Mechanical Ventilators Market, By Product Type, 2019-2032 (USD Billion) (Units)

46. Asia Pacific Mechanical Ventilators Market, By Mode of Ventilation, 2019-2032 (USD Billion) (Units)

47. Asia Pacific Mechanical Ventilators Market, By End User, 2019-2032 (USD Billion) (Units)

48. Japan Mechanical Ventilators Market, By Product Type, 2019-2032 (USD Billion) (Units)

49. Japan Mechanical Ventilators Market, By Mode of Ventilation, 2019-2032 (USD Billion) (Units)

50. Japan Mechanical Ventilators Market, By End User, 2019-2032 (USD Billion) (Units)

51. China Mechanical Ventilators Market, By Product Type, 2019-2032 (USD Billion) (Units)

52. China Mechanical Ventilators Market, By Mode of Ventilation, 2019-2032 (USD Billion) (Units)

53. China Mechanical Ventilators Market, By End User, 2019-2032 (USD Billion) (Units)

54. India Mechanical Ventilators Market, By Product Type, 2019-2032 (USD Billion) (Units)

55. India Mechanical Ventilators Market, By Mode of Ventilation, 2019-2032 (USD Billion) (Units)

56. India Mechanical Ventilators Market, By End User, 2019-2032 (USD Billion) (Units)

57. South America Mechanical Ventilators Market, By Product Type, 2019-2032 (USD Billion) (Units)

58. South America Mechanical Ventilators Market, By Mode of Ventilation, 2019-2032 (USD Billion) (Units)

59. South America Mechanical Ventilators Market, By End User, 2019-2032 (USD Billion) (Units)

60. Brazil Mechanical Ventilators Market, By Product Type, 2019-2032 (USD Billion) (Units)

61. Brazil Mechanical Ventilators Market, By Mode of Ventilation, 2019-2032 (USD Billion) (Units)

62. Brazil Mechanical Ventilators Market, By End User, 2019-2032 (USD Billion) (Units)

63. Middle East and Africa Mechanical Ventilators Market, By Product Type, 2019-2032 (USD Billion) (Units)

64. Middle East and Africa Mechanical Ventilators Market, By Mode of Ventilation, 2019-2032 (USD Billion) (Units)

65. Middle East and Africa Mechanical Ventilators Market, By End User, 2019-2032 (USD Billion) (Units)

66. UAE Mechanical Ventilators Market, By Product Type, 2019-2032 (USD Billion) (Units)

67. UAE Mechanical Ventilators Market, By Mode of Ventilation, 2019-2032 (USD Billion) (Units)

68. UAE Mechanical Ventilators Market, By End User, 2019-2032 (USD Billion) (Units)

69. South Africa Mechanical Ventilators Market, By Product Type, 2019-2032 (USD Billion) (Units)

70. South Africa Mechanical Ventilators Market, By Mode of Ventilation, 2019-2032 (USD Billion) (Units)

71. South Africa Mechanical Ventilators Market, By End User, 2019-2032 (USD Billion) (Units)

List of Figures 

1. Global Mechanical Ventilators Market Segmentation

2. Mechanical Ventilators Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top-Down Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis 

7. Value Chain Analysis 

8. Global Mechanical Ventilators Market Attractiveness Analysis by Product Type

9. Global Mechanical Ventilators Market Attractiveness Analysis by Mode of Ventilation

10. Global Mechanical Ventilators Market Attractiveness Analysis by End User

11. Global Mechanical Ventilators Market Attractiveness Analysis by Region

12. Global Mechanical Ventilators Market: Dynamics

13. Global Mechanical Ventilators Market Share by Product Type (2023 & 2032)

14. Global Mechanical Ventilators Market Share by Mode of Ventilation (2023 & 2032)

15. Global Mechanical Ventilators Market Share by End User (2023 & 2032)

16. Global Mechanical Ventilators Market Share by Regions (2023 & 2032)

17. Global Mechanical Ventilators Market Share by Company (2022)

This study forecasts revenue at global, regional, and country levels from 2019 to 2032. The Brainy Insights has segmented the global Mechanical Ventilators market based on below-mentioned segments:

Global Mechanical Ventilators Market by Product Type:

  • Intensive Care/Critical Care Mechanical Ventilators
  • Neonatal Mechanical Ventilators
  • Transport & Portable Mechanical Ventilators
  • Others

Global Mechanical Ventilators Market by Mode of Ventilation:

  • Invasive Ventilation
  • Non-invasive Ventilation

Global Mechanical Ventilators Market by End User:

  • Hospitals 
  • Home Care
  • Ambulatory Surgical Center
  • Others

Global Mechanical Ventilators Market by Region:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • Japan
    • China
    • India
  • South America
    • Brazil
  • Middle East and Africa  
    • UAE
    • South Africa

Methodology

Research has its special purpose to undertake marketing efficiently. In this competitive scenario, businesses need information across all industry verticals; the information about customer wants, market demand, competition, industry trends, distribution channels etc. This information needs to be updated regularly because businesses operate in a dynamic environment. Our organization, The Brainy Insights incorporates scientific and systematic research procedures in order to get proper market insights and industry analysis for overall business success. The analysis consists of studying the market from a miniscule level wherein we implement statistical tools which helps us in examining the data with accuracy and precision. 

Our research reports feature both; quantitative and qualitative aspects for any market. Qualitative information for any market research process are fundamental because they reveal the customer needs and wants, usage and consumption for any product/service related to a specific industry. This in turn aids the marketers/investors in knowing certain perceptions of the customers. Qualitative research can enlighten about the different product concepts and designs along with unique service offering that in turn, helps define marketing problems and generate opportunities. On the other hand, quantitative research engages with the data collection process through interviews, e-mail interactions, surveys and pilot studies. Quantitative aspects for the market research are useful to validate the hypotheses generated during qualitative research method, explore empirical patterns in the data with the help of statistical tools, and finally make the market estimations.

The Brainy Insights offers comprehensive research and analysis, based on a wide assortment of factual insights gained through interviews with CXOs and global experts and secondary data from reliable sources. Our analysts and industry specialist assume vital roles in building up statistical tools and analysis models, which are used to analyse the data and arrive at accurate insights with exceedingly informative research discoveries. The data provided by our organization have proven precious to a diverse range of companies, facilitating them to address issues such as determining which products/services are the most appealing, whether or not customers use the product in the manner anticipated, the purchasing intentions of the market and many others.

Our research methodology encompasses an idyllic combination of primary and secondary initiatives. Key phases involved in this process are listed below:

MARKET RESEARCH PROCESS

Data Procurement:

The phase involves the gathering and collecting of market data and its related information with the help of different sources & research procedures.

The data procurement stage involves in data gathering and collecting through various data sources.

This stage involves in extensive research. These data sources includes:

Purchased Database: Purchased databases play a crucial role in estimating the market sizes irrespective of the domain. Our purchased database includes:

  • The organizational databases such as D&B Hoovers, and Bloomberg that helps us to identify the competitive scenario of the key market players/organizations along with the financial information.
  • Industry/Market databases such as Statista, and Factiva provides market/industry insights and deduce certain formulations. 
  • We also have contractual agreements with various reputed data providers and third party vendors who provide information which are not limited to:
    • Import & Export Data
    • Business Trade Information
    • Usage rates of a particular product/service on certain demographics mainly focusing on the unmet prerequisites

Primary Research: The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. Primary research mainly involves in telephonic interviews, E-mail interactions and face-to-face interviews with the raw material providers, manufacturers/producers, distributors, & independent consultants. The interviews that we conduct provides valuable data on market size and industry growth trends prevailing in the market. Our organization also conducts surveys with the various industry experts in order to gain overall insights of the industry/market. For instance, in healthcare industry we conduct surveys with the pharmacists, doctors, surgeons and nurses in order to gain insights and key information of a medical product/device/equipment which the customers are going to usage. Surveys are conducted in the form of questionnaire designed by our own analyst team. Surveys plays an important role in primary research because surveys helps us to identify the key target audiences of the market. Additionally, surveys helps to identify the key target audience engaged with the market. Our survey team conducts the survey by targeting the key audience, thus gaining insights from them. Based on the perspectives of the customers, this information is utilized to formulate market strategies. Moreover, market surveys helps us to understand the current competitive situation of the industry. To be precise, our survey process typically involve with the 360 analysis of the market. This analytical process begins by identifying the prospective customers for a product or service related to the market/industry to obtain data on how a product/service could fit into customers’ lives.

Secondary Research: The secondary data sources includes information published by the on-profit organizations such as World bank, WHO, company fillings, investor presentations, annual reports, national government documents, statistical databases, blogs, articles, white papers and others. From the annual report, we analyse a company’s revenue to understand the key segment and market share of that organization in a particular region. We analyse the company websites and adopt the product mapping technique which is important for deriving the segment revenue. In the product mapping method, we select and categorize the products offered by the companies catering to domain specific market, deduce the product revenue for each of the companies so as to get overall estimation of the market size. We also source data and analyses trends based on information received from supply side and demand side intermediaries in the value chain. The supply side denotes the data gathered from supplier, distributor, wholesaler and the demand side illustrates the data gathered from the end customers for respective market domain.

The supply side for a domain specific market is analysed by:

  • Estimating and projecting penetration rates through analysing product attributes, availability of internal and external substitutes, followed by pricing analysis of the product.
  • Experiential assessment of year-on-year sales of the product by conducting interviews.

The demand side for the market is estimated through:

  • Evaluating the penetration level and usage rates of the product.
  • Referring to the historical data to determine the growth rate and evaluate the industry trends

In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.

Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:

  • Applying demographic along with psychographic segmentation for market evaluation
  • Determining the Micro and Macro-economic indicators for each region 
  • Examining the industry indicators prevailing in the market. 

Data Synthesis: This stage involves the analysis & mapping of all the information obtained from the previous step. It also involves in scrutinizing the data for any discrepancy observed while data gathering related to the market. The data is collected with consideration to the heterogeneity of sources. Robust scientific techniques are in place for synthesizing disparate data sets and provide the essential contextual information that can orient market strategies. The Brainy Insights has extensive experience in data synthesis where the data passes through various stages:

  • Data Screening: Data screening is the process of scrutinising data/information collected from primary research for errors and amending those collected data before data integration method. The screening involves in examining raw data, identifying errors and dealing with missing data. The purpose of the data screening is to ensure data is correctly entered or not. The Brainy Insights employs objective and systematic data screening grades involving repeated cycles of quality checks, screening and suspect analysis.
  • Data Integration: Integrating multiple data streams is necessary to produce research studies that provide in-depth picture to the clients. These data streams come from multiple research studies and our in house database. After screening of the data, our analysts conduct creative integration of data sets, optimizing connections between integrated surveys and syndicated data sources. There are mainly 2 research approaches that we follow in order to integrate our data; top down approach and bottom up approach.

Market Deduction & Formulation: The final stage comprises of assigning data points at appropriate market spaces so as to deduce feasible conclusions. Analyst perspective & subject matter expert based holistic form of market sizing coupled with industry analysis also plays a crucial role in this stage.

This stage involves in finalization of the market size and numbers that we have collected from data integration step. With data interpolation, it is made sure that there is no gap in the market data. Successful trend analysis is done by our analysts using extrapolation techniques, which provide the best possible forecasts for the market.

Data Validation & Market Feedback: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helps us finalize data-points to be used for final calculations.

The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. The data validation interview and discussion panels are typically composed of the most experienced industry members. The participants include, however, are not limited to:

  • CXOs and VPs of leading companies’ specific to sector
  • Purchasing managers, technical personnel, end-users
  • Key opinion leaders such as investment bankers, and industry consultants

Moreover, we always validate our data and findings through primary respondents from all the major regions we are working on.

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