North America Mechanical Ventilator Market Report
RA00006
North America Mechanical Ventilator Market by Type (Intensive Care, and Portable), Age Group (Adult, and Infant), Mode (Combined-Mode Ventilation, Volume-Mode Ventilation, Pressure-Mode Ventilation and Others), by Interface (Invasive and Non-invasive) and End User (Hospitals and Ambulatory Surgical Centers): Opportunity Analysis and Industry Forecast, 2019–2025
Update Available On-Demand
North America mechanical ventilator market was valued at $623.4 million in 2018 and is projected to reach $963.4 million by 2025, growing at a CAGR of 6.3% from 2019-2025.
Mechanical Ventilator is a machine that supports patients suffering with chronic respiratory disease such as acute respiratory distress syndrome (ARDS) or insufficient breathing problems. In addition, ventilation is a lifesaving intervention for patients with respiratory disorders due to certain health conditions. Mechanical ventilation is primarily considered when there are clinical or laboratory signs that the patient cannot maintain an airway or adequate oxygenation or ventilation. It assists in breathing while a patient is connected to a mechanical ventilator through an endotracheal tube directly applied to the airway. It can also be used as a diagnostic tool to measure the static compliance of airway resistance and irregular functioning of the respiratory system.
The improvement & continual development as well as the expanded clinical application of the mechanical ventilator have been the prominent factors in development and growth of the respiratory care as well as critical care medicine. Significant rise in geriatric population that are more prone to respiratory disorders and rise in prevalence of chronic respiratory diseases majorly contribute towards the growth of the market. In addition, the growing number of pre-term births are expected to fuel the Mechanical Ventilators market in the near future. Further, surge in government expenditures on healthcare and favorable reimbursement policies in North America propels the market growth. However, high costs of Mechanical Ventilators, harmful effects of certain devices on neonates and rising incidence of Mechanical Ventilator-associated pneumonia are anticipated to hamper the market growth. Conversely, technological developments, portability and more compact designs are expected to offer lucrative opportunities for the manufacturers of Mechanical Ventilators in North America. For instance, Philips in 2017, launched wirelessly connected Trilogy family of portable Mechanical Ventilators in North America. This portable Mechanical Ventilator can be connected to Philips cloud-based Care Orchestrator patient management application, Bluetooth-enabled Trilogy devices turn medical-grade data into actionable information, delivering it directly to mobile devices or desktops of care providers several times in a day. In addition, this mechanical ventilator allows care givers to monitor patients remotely and proactively, enabling fast clinical decisions.
Product Segment Review
On the basis of product type, the North America mechanical ventilator market is divided into intensive care unit/critical care, transport/portable/ambulatory, and neonatal care. The intensive care unit/critical care segment generated the highest revenue in 2018 and is anticipated to maintain its dominance throughout the forecast period. In addition, the transport segment is estimated to register the highest growth rate from 2019 to 2025, owing to rise in demand for portable ventilators in ambulatory surgical centers, home care, trauma centers, and hospitals.
Mode Segment Review
Based on the mode of ventilation, the North American mechanical ventilator market is fragmented into non-invasive ventilation and invasive ventilation. The invasive ventilation mode accounted for the highest revenue in 2018, and is expected to maintain its dominance throughout the forecast period. This is attributed to the predominant use of invasive ventilators, owing to increase in the patients with permanent breathing disability and the patients who are unlikely to recover within a certain period. The non-invasive ventilation mode is anticipated to register the highest CAGR during the forecast period.
The North America mechanical ventilator market is segmented on the basis of product type, mode, age group, end user. Based on product type, the market is bifurcated into intensive care unit/critical care, transport/portable/ambulatory and neonatal care. Based on mode, market is classified into non-invasive ventilation and invasive ventilation. Based on age group the market is categorized into pediatric, adult and geriatric. Based on end user, the market is divided into hospital and clinic, home care, ambulatory surgical center and other. Based on country, the market has been analyzed across the U.S., Canada, and Mexico.
The key players in the North American mechanical ventilator market have adopted various market penetration and growth strategies such as mergers & acquisitions, to sustain intense competition. Key players are focusing on developing new and cost-effective products to meet the increasing demand and to reduce overall costs. The report provides a comprehensive analysis of the leading companies operating in the North America Mechanical Ventilator market such as Philips Healthcare, Medtronic plc., ResMed Inc., Becton, Dickinson and Company, GE Healthcare, Getinge USA, Inc., Smiths Group plc, Mindray Medical International Limited, Draeger Medical and Hamilton Medical AG. The other players in the value chain (not included in the report) include Cybernet Medical Corporation, Spectra AB, Medica Reporting Ltd., Radiology Reporting Online (RRO), Sectra Imtec AB, StatRad, LLC, Ramasift Inc., and Alta Vista Mechanical Ventilator.
Key Benefits for North America Mechanical Ventilator Market:
- The study provides an in-depth analysis of the North America mechanical ventilator market share with the current trends and future estimations to elucidate the imminent investment pockets.
- A comprehensive analysis of the factors that drive and restrict the North America Mechanical Ventilator market size is provided.
- A comprehensive quantitative analysis is provided from 2018 to 2025 to assist stakeholders to capitalize on the prevailing market opportunities.
- An extensive analysis of the key segments of the industry helps to understand the North America Mechanical Ventilator market trends.
- Key players and their strategies are provided to understand the competitive outlook of the Mechanical Ventilator market.
North America Mechanical Ventilator Key Market Segments:
By Type
- Intensive care unit/critical care
- Transport/portable/ambulatory
- Neonatal care
By Mode
- Non-invasive ventilation
- Invasive ventilation
By Age Group
- Pediatric
- Adult
- Geriatric
By End User
- Hospital and clinic
- Home care
- Ambulatory surgical center
- Others
By Country
- U.S.
- Canada
- Mexico
CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1.1. CXO perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3.1. Top winning strategies
3.4. Market share analysis, 2017
3.5. Porter’s five forces analysis
3.6. Market dynamics
3.6.1. Drivers
3.6.1.1. Growing population of geriatric people who are prone to respiratory disorders
3.6.1.2. High prevalence of chronic respiratory diseases
3.6.1.3. Increasing government expenditures on healthcare
3.6.2. Restraints
3.6.2.1. High cost of mechanical ventilators
3.6.2.2. Rising incidence of ventilator-associated pneumonia
3.6.3. Opportunity
3.6.3.1. Technological innovation, portability, and design
CHAPTER 4: NORTH AMERICA MECHANICAL VENTILATOR MARKET, BY PRODUCT TYPE
4.1. Overview
4.1.1. Market size and forecast
4.2. Intensive Care Unit/Critical Care
4.2.1. Key market trends and growth opportunities
4.2.2. Market size and forecast
4.3. Transport/Portable/Ambulatory
4.3.1. Key market trends and growth opportunities
4.3.2. Market size and forecast
4.4. Neonatal Care
4.4.1. Key market trends and growth opportunities
4.4.2. Market size and forecast
CHAPTER 5: NORTH AMERICA MECHANICAL VENTILATOR MARKET, BY COMPONENT
5.1. Overview
5.1.1. Market size and forecast
5.2. Devices
5.2.1. Market size and forecast
5.3. Services
5.3.1. Market size and forecast
CHAPTER 6: NORTH AMERICA MECHANICAL VENTILATOR MARKET, BY MODE
6.1. Overview
6.1.1. Market size and forecast
6.2. Non-invasive ventilation
6.2.1. Market size and forecast
6.3. Invasive Ventilation
6.3.1. Market size and forecast
CHAPTER 7: NORTH AMERICA MECHANICAL VENTILATOR MARKET, BY AGE GROUP
7.1. Overview
7.1.1. Market size and forecast
7.2. Pediatric
7.2.1. Market size and forecast
7.3. Adult
7.3.1. Market size and forecast
7.4. Geriatric
7.4.1. Market size and forecast
CHAPTER 8: NORTH AMERICA MECHANICAL VENTILATOR MARKET, BY END USER
8.1. Overview
8.1.1. Market size and forecast
8.2. Hospital and clinic
8.2.1. Market size and forecast
8.3. Home Care
8.3.1. Market size and forecast
8.4. Ambulatory Surgical Centers
8.4.1. Market size and forecast
8.5. Others
8.5.1. Market size and forecast
CHAPTER 9: NORTH AMERICA MECHANICAL VENTILATOR MARKET, BY COUNTRY
9.1. OVERVIEW
9.1.1. Market size and forecast
9.2. NORTH AMERICA
9.2.1. Key market trends and opportunities
9.2.2. North America mechanical ventilator market by product type
9.2.3. North America mechanical ventilator market by mode
9.2.4. North America mechanical ventilator market by age group
9.2.5. North America mechanical ventilator market by end user
9.2.6. Market size and forecast, by country
9.2.6.1. U.S. mechanical ventilator market
9.2.6.2. Canada mechanical ventilator market
9.2.6.3. Mexico mechanical ventilator market
CHAPTER 10: COMPANY PROFILES
10.1. Becton, Dickinson and Company (CareFusion/Vyaire Medical Inc.)
10.1.1. Company overview
10.1.2. Company snapshot
10.1.3. Operating business segments
10.1.4. Product portfolio
10.1.5. Business performance
10.1.6. Key strategic moves and developments
10.2. Carl Reiner Gmbh
10.2.1. Company overview
10.2.2. Company snapshot
10.2.3. Product portfolio
10.3. Draegerwerk AG & Co. KGaA
10.3.1. Company overview
10.3.2. Company snapshot
10.3.3. Operating business segments
10.3.4. Product portfolio
10.3.5. Business performance
10.4. Getinge AB (Maquet Holding B.V. & Co. KG)
10.4.1. Company overview
10.4.2. Company snapshot
10.4.3. Operating business segments
10.4.4. Product portfolio
10.4.5. Business performance
10.4.6. Key strategic moves and developments
10.5. General Electric Company (GE Healthcare)
10.5.1. Company overview
10.5.2. Company snapshot
10.5.3. Operating business segments
10.5.4. Product portfolio
10.5.5. Business performance
10.5.6. Key strategic moves and developments
10.6. Hamilton Medical AG
10.6.1. Company overview
10.6.2. Company snapshot
10.6.3. Product portfolio
10.6.4. Key strategic moves and developments
10.7. Koninklijke Philips N.V.
10.7.1. Company overview
10.7.2. Company snapshot
10.7.3. Operating business segments
10.7.4. Product portfolio
10.7.5. Business performance
10.7.6. Key strategic moves and developments
10.8. Medtronic Plc. (Covidien Ltd.)
10.8.1. Company overview
10.8.2. Company snapshot
10.8.3. Operating business segments
10.8.4. Product portfolio
10.8.5. Business performance
10.9. Mindray Medical International Limited
10.9.1. Company overview
10.9.2. Company snapshot
10.9.3. Operating business segments
10.9.4. Product portfolio
10.9.5. Key strategic moves and developments
10.10. Smiths Group Plc.
10.10.1. Company overview
10.10.2. Company snapshot
10.10.3. Operating business segments
10.10.4. Product portfolio
10.10.5. Business performance
10.10.6. Key strategic moves and developments
LIST OF TABLES
TABLE 1. NORTH AMERICA MECHANICAL VENTILATOR MARKET, BY PRODUCT TYPE, 2017-2025 ($MILLION)
TABLE 2. NORTH AMERICA MECHANICAL VENTILATOR MARKET, BY PRODUCT TYPE, 2017-2025 (UNITS)
TABLE 3. NORTH AMERICA MECHANICAL VENTILATOR MARKET, BY MODE, 2017-2025 ($MILLION)
TABLE 4. NORTH AMERICA MECHANICAL VENTILATOR MARKET, BY MODE, 2017-2025 (UNITS)
TABLE 5. NORTH AMERICA MECHANICAL VENTILATOR MARKET, BY AGE GROUP, 2017-2025 ($MILLION)
TABLE 6. NORTH AMERICA MECHANICAL VENTILATOR MARKET, BY AGE GROUP, 2017-2025 (UNITS)
TABLE 7. NORTH AMERICA MECHANICAL VENTILATOR MARKET, BY END USER, 2017-2025 ($MILLION)
TABLE 8. NORTH AMERICA MECHANICAL VENTILATOR MARKET, BY END USER, 2017-2025 (UNITS)
TABLE 9. NORTH AMERICA MECHANICAL VENTILATOR MARKET, BY COUNTRY, 2017-2025 ($MILLION)
TABLE 10. NORTH AMERICA MECHANICAL VENTILATOR MARKET, BY COUNTRY, 2017-2025 (UNITS)
TABLE 11. BD: COMPANY SNAPSHOT
TABLE 12. BD: OPERATING SEGMENTS
TABLE 13. BD: PRODUCT PORTFOLIO
TABLE 14. CARL REINER: COMPANY SNAPSHOT
TABLE 15. CARL REINER: PRODUCT PORTFOLIO
TABLE 16. DRAGER: COMPANY SNAPSHOT
TABLE 17. DRAGER: PRODUCT PORTFOLIO
TABLE 18. GETINGE: COMPANY SNAPSHOT
TABLE 19. GETINGE AB: OPERATING SEGMENT
TABLE 20. GETINGE: PRODUCT PORTFOLIO
TABLE 21. GE: COMPANY SNAPSHOT
TABLE 22. GE: OPERATING SEGMENTS
TABLE 23. GE: PRODUCT PORTFOLIO
TABLE 24. HAMILTON: COMPANY SNAPSHOT
TABLE 25. HAMILTON: PRODUCT PORTFOLIO
TABLE 26. PHILIPS: COMPANY SNAPSHOT
TABLE 27. PHILIPS: OPERATING SEGMENTS
TABLE 28. PHILIPS: PRODUCT PORTFOLIO
TABLE 29. MEDTRONIC: COMPANY SNAPSHOT
TABLE 30. MEDTRONIC: OPERATING SEGMENTS
TABLE 31. MEDTRONIC: PRODUCT PORTFOLIO
TABLE 32. MINDRAY: COMPANY SNAPSHOT
TABLE 33. MINDRAY: OPERATING SEGMENTS
TABLE 34. MINDRAY: PRODUCT PORTFOLIO
TABLE 35. SMITHS: COMPANY SNAPSHOT
TABLE 36. SMITHS: OPERATING SEGMENTS
TABLE 37. SMITHS: PRODUCT PORTFOLIO
LIST OF FIGURES
FIGURE 01. MECHANICAL VENTILATOR MARKET SEGMENTATION
FIGURE 02. TOP INVESTMENT POCKETS IN THE NORTH AMERICA MECHANICAL VENTILATOR MARKET
FIGURE 03. TOP WINNING STRATEGIES, BY YEAR, 2014-2018*
FIGURE 04. TOP WINNING STRATEGIES, BY DEVELOPMENT, 2014-2018* (%)
FIGURE 05. TOP WINNING STRATEGIES, BY COMPANY, 2014-2018*
FIGURE 06. MARKET SHARE ANALYSIS, 2017
FIGURE 07. MODERATE BARGAINING POWER OF BUYERS
FIGURE 08. MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 09. HIGH THREAT OF NEW ENTRANTS
FIGURE 10. MODERATE THREAT OF SUBSTITUTION
FIGURE 11. HIGH COMPETITIVE RIVALRY
FIGURE 12. U.S. MECHANICAL VENTILATORS MARKET REVENUE, 2017-2025 ($MILLION)
FIGURE 13. U.S. MECHANICAL VENTILATORS MARKET REVENUE, 2017-2025 (UNITS)
FIGURE 14. CANADA MECHANICAL VENTILATORS MARKET REVENUE, 2017-2025 ($MILLION)
FIGURE 15. CANADA MECHANICAL VENTILATORS MARKET REVENUE, 2017-2025 (UNITS)
FIGURE 16. MEXICO MECHANICAL VENTILATORS MARKET REVENUE, 2017-2025 ($MILLION)
FIGURE 17. MEXICO MECHANICAL VENTILATORS MARKET REVENUE, 2017-2025 (UNITS)
FIGURE 18. BD: NET SALES, 2015–2017 ($MILLION)
FIGURE 19. BD: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 20. BD: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 21. DRAGER: REVENUE, 2015–2017 ($MILLION)
FIGURE 22. DRAGER: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 23. GETINGE: REVENUE, 2015–2017 ($MILLION)
FIGURE 24. GETINGE: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 25. GETINGE: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 26. GE: NET SALES, 2015–2017 ($MILLION)
FIGURE 27. GE: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 28. GE: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 29. PHILIPS: NET SALES, 2015–2017 ($MILLION)
FIGURE 30. PHILIPS: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 31. PHILIPS: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 32. MEDTRONIC: NET SALES, 2015–2017 ($MILLION)
FIGURE 33. MEDTRONIC: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 34. MEDTRONIC: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 35. SMITHS: NET SALES, 2015–2017 ($MILLION)
FIGURE 36. SMITHS: REVENUE SHARE BY DIVISION, 2017 (%)
FIGURE 37. SMITHS: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
A mechanical ventilator is a machine that support patients suffering from chronic respiratory diseases like insufficient breathing problems, acute respiratory distress syndrome (ARDS), etc. Mechanical ventilation is mostly considered when there are clinical signs that the patient cannot maintain adequate oxygenation. It helps the patient to breathe while he’s connected to a mechanical ventilator via an endotracheal tube applied directly to the airway. Mechanical ventilators can also be used to measure the static compliance of irregular functioning of the respiratory system.
Forecast Analysis
Increasing geriatric population and the prevalence of respiratory disorders like insufficient breathing issues, acute respiratory distress syndrome (ARDS), and others across the world are the prime factors estimated to drive the growth of the North America mechanical ventilator market during the forecast years. In addition, rapid technological developments in mechanical ventilators, their portability, and compact designs are anticipated to offer ample growth opportunities for the North America mechanical ventilator market by 2025. Moreover, people’s unhealthy lifestyle and increasing fast food consumption results in lung infection, thus further boosting the market growth during the analysis timeframe. However, high costs of mechanical ventilators is the major factor to hamper the market growth.
The North America mechanical ventilator market is projected to witness prominent growth opportunities by 2025 due to continuous developments in the mechanical ventilation system and rising number of pre-term births. Additionally, the increasing prevalence of chronic respiratory diseases as well as surging govt. expenditures on reimbursement policies are some more factors expected to propel the market growth in the North America region.
According to the report published by Research Dive, the North America mechanical ventilator market is predicted to gather a revenue of $963.4 million by 2025, growing at a CAGR of 6.3% during the analysis timeframe 2019-2025. Some key market players are Mindray Medical International Limited, Getinge USA, Inc., Medtronic plc., Becton, Dickinson and Company, Smiths Group plc, Draeger Medical, ResMed Inc., Hamilton Medical AG, GE Healthcare, Philips Healthcare, among others.
Key Market Developments
The prominent companies operating in the industry are adopting various growth strategies and business tactics like partnerships, collaborations, mergers & acquisitions, and product launches to maintain a robust position in the overall market, thus helping the North America mechanical ventilator market to flourish. For instance:
In August 2021, mechanical ventilator maker Max Ventilator announced its technological collaboration with Amptron Medical, a US-based respiratory technology player. This strategic collaboration was aimed to help the former company to produce mechanical ventilators with international specifications and uplift its footprint in the regulated markets.
In October 2021, Convergence Medical Sciences Inc., a medical startup that specializes in the development of intelligent tools for advanced healthcare facilities, launched its Valence InVent Xtend device which is an adjustable enclosure and ventilator multiplexor. This mechanical ventilator multiplexor provides air for up to four patients and supports real-time modifications.
In April 2020, Philips Healthcare, a world-class healthcare organization, announced its partnership with Flex Ltd., an American Singaporean multinational electronics manufacturer, and Jabil, an American manufacturing services company. This strategic partnership was initiated with an aim to boost the production of hospital mechanical ventilators and treat covid-19 patients.
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