Industry Trends

North America Mechanical Ventilators Market share was valued at USD 776.3 million in 2019 and is expected to witness around -28.4% CAGR from 2020 to 2026.

Mechanical ventilator is a life support machine that helps the patients having difficulties in breathing. The ventilator support is provided via tight fitting masks or endotracheal tubes. The pulmonary problems such as multiple sclerosis, flail chest, asthma and pneumonia usually require mechanical ventilator support. Mechanical ventilators lower the amount of energy a patient uses on breathing.

Growing incidences of pandemic infections such as COVID-19 will boost the North America mechanical ventilators market growth in the coming years. For instance, according to a recently published data by the World Health Organization, in May 2020, more than 1 million people in the U.S. were affected by the coronavirus disease. The critically ill COVID-19 patients require ventilator support to overcome the problems related to breathing. Thus, such large patient pool will stimulate the demand for mechanical ventilators across North America region. Moreover, rise in healthcare expenditure will lead to the introduction of new healthcare facilities as well as technologically advanced products in the market. Thus, the abovementioned factors will enhance the market growth in the coming years.

Increasing number of patients suffering from chronic respiratory diseases will primarily drive the market growth over the forecast period. These chronic diseases mainly include asthma, lung cancer, cystic fibrosis, chronic obstructive pulmonary disease (COPD), sleep apnea and other occupational lung diseases. For instance, as per the recent study, in Canada, COPD is the fourth most common cause of hospitalization among men and sixth most common cause of hospitalization among women. Additionally, upsurge in the number of intensive care admissions due to chronic disorders as well as coronavirus disease will prove beneficial for the growth of mechanical ventilators market in North America.
 

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North America Market, By Product

Based on product, the market is bifurcated as intensive care ventilators and portable ventilators. The intensive care ventilators segment held a significant share and is projected to expand at -28.5% CAGR over the forecast timeframe. The intensive care ventilators are further divided into high-end, mid-end and basic-end ventilators. The sudden rise in the growth rate of the mechanical ventilators is attributed to the factors such as rising occurrence of coronavirus disease and increasing number of intensive care admissions across North America region. For instance, in the U.S., as per the recently published statistics, more than 4 million ICU admissions take place on an annual basis. These ICU admissions are expected to increase in the near future due to the growing number of COVID-19 affected patients. Hence, aforementioned factors will drive the segmental growth.

North America Market, By Interface

On the basis of interface, the mechanical ventilators market is divided as invasive ventilation and non-invasive ventilation. The invasive ventilation segment was valued at around USD 600 million in 2019. The invasive ventilation is applied via an endotracheal or tracheotomy tube. It provides an additional benefit of maintaining the patient’s airway at the time of surgical procedures. In addition, rising incidences of acute and chronic respiratory disorders will generate the demand for invasive ventilation thereby, augmenting the growth of mechanical ventilators market in North America.

North America Market, By Ventilator Type

Based on ventilator type, the market is segmented as adult ventilators and neonatal ventilators. Neonatal ventilators segment held a market share of around 11% in 2019. Neonatal ventilators have an ability to provide lower flows and volumes at faster rates. The segmental growth is attributed to the growing proportion of preterm births across North America region. For instance, as per the recently published statistics by the Verywell Family, in 2018, around 450,000 babies in the U.S. were born preterm. Thus, rising preterm births with respiratory distress syndrome will contribute to the segmental growth.

North America Market, By Application

By application, the market is divided as resuscitation, homecare applications, emergency/transport, sleep apnea therapy, anaesthesiology, clinical applications and others. The emergency/transport segment was valued at around USD 143 million in 2019. Increasing medical emergencies due to breathing disorders, lung cancer and other diseases will bolster the segmental growth in the coming years. Additionally, rising emergencies of coronavirus affected patients in the hospitals will stimulate the need for mechanical ventilators thereby, enhancing the market growth over the analysis timeframe.

North America Market, By Mode

Based on mode, the market is bifurcated as combined mode ventilator, control mode ventilator and pressure mode ventilator. The combined mode ventilator segment is expected to grow at a CAGR of around -28.0% over the forecast period. The foremost advantage of combined mode ventilator is reduction in peak inspiratory pressure associated with a decelerating flow pattern. The combined mode ventilator has an ability to switch between volume and pressure control in a single breath. Thus, there are some of the advantages that will augment the segmental growth thereby, enhancing the industry growth.

North America Market, By End-use

On the basis of end-use, the market is segmented as hospitals, ambulatory surgical centers, homecare and others. The hospitals segment held a market share of around 57% in 2019. The large number of patients suffering from COVID-19 will require hospital admissions. Thus, this will in turn trigger the need for mechanical ventilators thereby, augmenting the market growth. For instance, according to a recently published data by the COVID-NET, in March 2020, in the U.S., the COVID-19 associated hospitalization rate was 4.6 per 100,000 population. Hence, such high rate of hospitalization will increase the demand for mechanical ventilators in North America.

North America Market, By Country

U.S. mechanical ventilators market held a market share of around 93% in 2019. Rapid growth in the number of coronavirus affected people will generate the need for intensive care admissions thereby, enhancing the demand for mechanical ventilators. For instance, according to a recently published report by the World Health Organization, in May 2020, the COVID-19 affected patients in the U.S. accounted for around 95.1% of the total patients in North America. The critically affected COVID-19 patients will require intensive care treatment and will ultimately boost the demand for mechanical ventilators. Furthermore, increasing number of adults suffering from COPD and asthma will propel the market growth in the upcoming years.

Competitive Market Share

Some of the major market players involved in North America mechanical ventilators market include Hamilton Medical, Fisher & Paykel, Medtronic, Getinge AB, Air Liquide, Drägerwerk and others. These companies are adopting numerous inorganic strategies such as collaborations, mergers and acquisitions to maintain their market position. For instance, in April 2020, Medtronic collaborated with technology partners and governments to expand its ventilator production for COVID-19 patients. The strategy will help the company generate around 25,000 ventilators over the next six months thereby, enhancing the company’s revenue.

North America Mechanical Ventilators Market Background

Mechanical ventilators help the patients with breathing problems by delivering high concentrations of oxygen into the lungs. Mechanical ventilators, in the form of negative pressure ventilation, first appeared in the early 1800s. Later in 1900, positive pressure devices started to originate in the market. From 1940s, there have been four existing generations of intensive care ventilators having various features. As patients with breathing related problems started to increase, the demand for ventilators has witnessed a momentous growth. Additionally, owing to the current coronavirus outbreak, the need for mechanical ventilators will upsurge in the near future thereby, enhancing the industry growth.