Increasing Prevalence of Chronic Diseases and Surge in Initiatives by Market Players Drive the Growth of the Emergency Ventilator Market

An emergency ventilator is a device that aids people breathe when they can't inhale on their own. It provides oxygen to the lungs and helps eliminate carbon dioxide from the body. An emergency ventilator is significant as it can help save lives when someone has trouble breathing.

The market is principally driven by increasing concern among people about their health and safety. Ambulances are fixed with emergency ventilators that help patients avail medical necessities on their way to the hospital. All these are factors drive the ventilator market; however, high cost of ventilators and their setup is likely to prompt people to prefer alternative oxygenation therapies. Furthermore, some complications are associated with the usage of ventilators. These factors are hampering the market. As per the Centers for Disease Control and Prevention, chronic obstructive pulmonary disease (COPD) is the fourth-leading cause of demise in the U.S. Tobacco smoke reasons major damage in the U.S.; however, 1 out of 4 individuals with COPD has never smoked in their life. Above 140,000 U.S. citizens die of COPD per year, i.e., is 1 death every 4 minutes. COPD is a vital cause of death, globally. It is anticipated to become the world’s third-biggest health threat by the end of 2020.

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The global demand for emergency ventilator market was predicted to be about USD 6 billion in 2022, and by the end of 2031, existing and expected developments would hit valuations of around USD 5 billion. The industry players and analysts predict the global Emergency ventilator market growth of around 4.5% in terms of CAGR. During the forthcoming years, the growth in number of medical care units and ICU beds, increase in incidence & prevalence of chronic and infectious diseases are projected to drive the emergency ventilator market over the years. Moreover, urbanization and increasing pollution level, rapid upsurge in geriatric population, and surge in incidence of preterm births are projected to increase the market growth. However, high cost of ventilators and their arrangement is expected to prompt people to choose substitute oxygenation therapies. Moreover, some difficulties are related to the usage of ventilators.

Some of the leading and top emergency ventilator companies in the global emergency ventilator market include Becton, Dickinson and Company, Getinge, Drägerwerk AG, Smiths Group plc, Hamilton Medical, GE Healthcare, Fisher & Paykel among others. The leading five players such as Becton, Dickinson and Company, Getinge, Drägerwerk AG, Smiths Group plc, Fisher & Paykel hold around 40% market share of the global emergency ventilator market.

On the basis of type, the global emergency ventilator market can be segmented into volume-controlled ventilation modes, pressure-controlled ventilation modes, spontaneous breathing (non-invasive), with the ‘volume-controlled ventilation modes’ category having the leading market share of about 35 percent, closely followed by the “pressure-controlled ventilation modes” category at about 15 percent of the global emergency ventilator market share. On the basis of application, the market can be bifurcated into children, adults, and infant. On the basis of end user, the market can be bifurcated into hospitals, home healthcare, and others. In terms of geography, North America region held the leading market share of around 40% among other regions such as Asia Pacific, Europe, Latin America, and Middle East & Africa in the global emergency ventilator market.

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