United States Mechanical Ventilators Market Report, 2020-2027: Analysis & Forecasts by Ventilator Type (Critical Care, Transport & Portable), & Accessories (Endotracheal Tubes, Masks)

Research and Markets
·6-min read

Dublin, Dec. 02, 2020 (GLOBE NEWSWIRE) -- The "U.S. Mechanical Ventilators Market Size, Share & Trends Analysis Report by Product {Ventilators (Critical Care, Transport & Portable), Accessories (Endotracheal Tubes, Masks)}, and Segment Forecasts" report has been added to ResearchAndMarkets.com's offering.

The U.S. mechanical ventilators market size is expected to reach USD 1.71 billion by 2027, according to a new report by Grand View Research Inc. It is expected to expand at a CAGR of 3.0% from 2022 to 2027.

The rising number of hospitalizations due to the coronavirus pandemic and increased need for ventilation among patients in the U.S. are expected to boost the adoption of mechanical ventilators.

One of the key driving factors is the rising prevalence of respiratory diseases, which is expected to have a significant impact on market growth. The adoption of long-term Home Mechanical Ventilation (HMV) in case of chronic respiratory failure due to diseases, such as thoracic disease, Chronic Obstructive Pulmonary Disorder (COPD), and neuromuscular disease, is expected to increase over the forecast period.

According to a study by the WHO, moderate to severe COPD affects around 65 million individuals worldwide, making it the third leading cause of death. These estimates are expected to rise over the years owing to the growing geriatric population, increasing exposure to tobacco smoke, and indoor as well as outdoor pollution. These factors are anticipated to boost the overall market growth.

An increase in the number of government initiatives aimed at providing safe, affordable, and quality healthcare is driving the adoption of these devices. For example, the American Society of Anesthesiologist provides guidelines for the management of difficult airway and the use of different devices at various stages of respiratory diseases.

Manufacturers are increasing their production capacity to meet the rising demand. Vyaire is the Illinois-based respiratory equipment manufacturer that has ramped up its production capacity by 50% and has started working in an additional second shift in the production line to boost the manufacturing of mechanical ventilators.

To provide a safer environment for the healthcare workers, Medtronic is upgrading its existing PB980 (deployed in ICUs), which will allow the control of ventilators remotely away from the isolation room. As of June 15, 2020, as a pilot project, the company upgraded PB980 ventilators at 14 hospitals out of a total of 940 hospitals with installed bases across the U.S.

U.S. Mechanical Ventilators Market Report Highlights

  • By product, critical care ventilators captured the largest share of 40.05% in 2019 and are expected to maintain their lead throughout the forecast period owing to their increasing adoption in intensive care units due to a surge in the COVID-19 cases

  • The masks accessories segment is expected to witness lucrative growth in the coming years as these are cost-effective, disposable, and preventive devices and can be manufactured in bulk quantities to fight against the coronavirus outbreak

  • Competition in the market is high as major players are adopting strategies, such as distribution agreements, collaborations, and acquisitions, to get hold of a major share in the market

  • Emerging players are involved in the development of cost-effective products to gain a dominant position in the market

  • Manufacturers are bracing up to multiply the production capacity to meet the rising demand to overcome the COVID-19 outbreak

Key Topics Covered:

Chapter 1 Research Methodology

Chapter 2 Executive Summary
2.1 Market Snapshot 2019
2.1.1 U.S. Mechanical Ventilators market, 2016-2027 (USD Million)

Chapter 3 Industry Outlook
3.1 Market Segmentation
3.2 Market Lineage Outlook
3.2.1 Parent market analysis
3.2.2 Ancillary market Analysis
3.3 Penetration & Growth Prospect Mapping
3.4 Market Variable Analysis
3.4.1 Market driver analysis
3.4.1.1 COVID-19 outbreak
3.4.1.2 Increasing in the prevalence of respiratory diseases
3.4.1.3 Growing geriatric population
3.4.1.4 Technological advancements
3.4.1.5 Increasing number of government initiatives
3.4.2 Market restraint analysis
3.4.2.1 Capital intensive nature
3.4.2.2 Product recall and failure
3.5 Business Environment Analysis tools
3.5.1 SWOT Analysis, by PEST
3.5.2 Porter's five forces analysis
3.6 Technology Trend Analysis
3.6.1 Changing technology & adoption pattern

Chapter 4 COVID-19 Impact Analysis
4.1 Demand Analysis
4.1.1 Total installed base till 2019
4.1.2 Healthcare staff Analysis
4.1.3 Critical care beds Analysis
4.1.4 Projected demand
4.2 Supply Chain Analysis
4.2.1 Key Components
4.2.2 Key component Suppliers
4.2.3 Obstacles in the supply chain due to covid-19 outbreak
4.2.4 Temporary trade measures
4.3 Product Life Cycle Analysis
4.3.1 Shelf life
4.3.2 Reprocessing of mechanical ventilators
4.4 Cost Structure Analysis
4.4.1 Average cost of mechanical ventilators & accessories
4.4.2 Facility set up cost
4.5 Manufacturing Trend Analysis
4.5.1 Drivers
4.5.1.1 Export ban on critical care equipment
4.5.1.2 Established assembly line for ventilators production
4.5.2 Restraints
4.5.2.1 Bottlenecks in production
4.6 Regulatory Framework
4.6.1 Regulatory changes due to COVID-19 Outbreak
4.6.2 Emergency Use Authorization (EUAs): Ventilators and Ventilator Accessories
4.7 Case Studies

Chapter 5 Mechanical Ventilators Market: Competitive Analysis
5.1 Vendor Landscape
5.1.1 Market Participation Categorization
5.1.1.1 Market Leader
5.1.1.2 Innovators
5.1.1.2.1 Recent Innovations
5.2 Public Companies
5.2.1 Estimated Company market share analysis, 2019
5.2.2 Company market position analysis
5.2.3 Heat Map Analysis
5.3 Opportunity Analysis
5.3.1 Market influencer analysis
5.3.2 Consumer preference matrix
5.3.3 Market entry strategies

Chapter 6 Mechanical Ventilators Market: Product Segment Analysis
6.1 Mechanical Ventilators Market: Product Movement Analysis
6.2 Ventilators
6.2.1 Ventilators market, 2016-2027 (USD Million)
6.2.2 Critical Care Ventilators
6.2.3 Neonatal
6.2.4 Transport and Portable Ventilators
6.3 Accessories
6.3.1 Accessories market, 2016-2027 (USD Million)
6.3.2 Flow Sensors
6.3.3 Breathing Circuit Sets
6.3.4 Endotracheal Tubes
6.3.5 Masks
6.3.6 Others

Chapter 7 Company Profiles
7.1 Company overview
7.2 Financial performance
7.3 Product benchmarking
7.4 Strategic initiatives

  • Getinge AB

  • Vyaire Medical Inc.

  • Medtronic

  • Dragerwerk AG & Co. KGaA

  • GE Healthcare

  • Koninklijke Philips N.V.

  • Smiths Group plc

  • Hamilton Medical

  • ResMed Inc.

  • Ventec Life Systems

For more information about this report visit https://www.researchandmarkets.com/r/pmrklh

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