Industry Trends

Europe Mechanical Ventilators Market growth was valued at USD 587.0 million in 2019 and is expected to witness around -29.0% CAGR from 2020 to 2026.

Mechanical ventilators are used to assist or replace spontaneous breathing of seriously ill patients. These ventilators ensure that the body of patient receives adequate oxygen. The mechanical ventilators help to improve comfort and survival of the patients. It also reduces the length of ICU and hospital stay thereby, improving the patient’s health. The respiratory diseases such as asthma, chronic obstructive pulmonary disease (COPD) require ventilator support.

The widespread of coronavirus disease has generated a problem that critically ill COVID-19 affected patients might overwhelm existing ICU beds availability. Owing to rising hospital admissions across European countries, the demand for intensive care beds will increase in the near future. This will ultimately trigger the demand for mechanical ventilators. For instance, as per the recent news article, in March 2020, Germany possessed over 25,000 ventilators and 28,000 intensive care beds. As the confirmed cases of coronavirus disease are rising across Europe, the demand for mechanical ventilators will upsurge in the upcoming years. Furthermore, rising investment in healthcare sector and emergence of newer technologies related to ventilation systems will positively influence the market growth during the forecast period.

Rapid growth in the number of patients suffering from various chronic diseases will drive the market growth in Europe. For instance, according to a recently published data, more than 50 million people in Europe are affected due to chronic diseases. This large patient pool will lead to the high adoption of mechanical ventilators thereby, spurring the market growth. Additionally, rising number of COVID-19 affected people across the European countries will contribute to the market growth. For instance, according to a recently published report by the World Health Organization, in May 2020, in Europe, the total confirmed cases of COVID-19 were more than 1.5 million. Hence, rapidly increasing count of COVID-19 affected patients will drive the market growth.

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Europe Market, By Product

Based on product, the market is bifurcated as intensive care ventilators and portable ventilators. The portable ventilators segment held a market share of around 16.0% in 2019. The factors such as growing number of mass casualty accidents and high prevalence of pneumonia will augment the segmental growth thereby, fueling the market growth. In addition, portable ventilator are used to improve the intra-hospital and inter-hospital transfers of patients. Furthermore, portable ventilators help the patients suffering from chronic obstructive pulmonary disease (COPD), cardiogenic pulmonary edema and other respiratory diseases. Thus, aforementioned factors will augment the segmental growth in the coming years.

Europe Market, By Interface

On the basis of interface, the mechanical ventilators is divided as invasive ventilation and non-invasive ventilation. The non-invasive ventilation segment was valued at around USD 300 million in 2019. The non-invasive ventilation delivers air through a sealed mask that can be placed over the mouth, nose or the whole face. The segmental growth is attributed to the advantages such as cost effectiveness, better tolerance and easy availability outside the ICU setting. It is useful for the treatment of medical conditions such as upper airway trauma, respiratory muscle weakness and sinusitis. Hence, owing to these factors, the segment will witness considerable growth in the future.

Europe Market, By Ventilator Type

Based on ventilator type, the market is segmented as adult ventilators and neonatal ventilators. The adult ventilators segment held a market share of around 89% in 2019. Presence of large patient pool suffering from respiratory diseases such as asthma, COPD, lung cancer will positively impact the segmental growth. Moreover, rising number of smokers across the European countries will support the market expansion in the upcoming years. In addition, an upsurge in the number of patients suffering from coronavirus disease will enhance the segmental growth thereby, fostering the market growth. 

Europe Market, By Application

By application, the market is divided as resuscitation, homecare applications, emergency/transport, sleep apnea therapy, anaesthesiology, clinical applications and others. Anaesthesiology segment held a significant share in 2019 and is projected to grow at a CAGR of around -30.2% over the forecast period. Anesthesia plays an important role in relieving the pain and sensation during surgery. The form of anesthesia depends on the type of surgery and medical condition. Increasing number of surgical procedures related to dermatology, cardiology, urology, and ophthalmology will bolster the segmental growth over the analysis period.

Europe Market, By Mode

Based on mode, the market is bifurcated as combined mode ventilator, control mode ventilator and pressure mode ventilator. The pressure mode ventilator segment was valued at around USD 289 billion in 2019. The pressure mode ventilation provides the advantages such as increased mean airway pressure and increased duration of alveolar recruitment. These factors help to improve the oxygenation and allow better gas exchange. As pressure mode ventilator controls the pressure levels, it protects the patients against barotrauma. Thus, the abovementioned factors will propel the segmental growth in the projected years.

Europe Market, By End-use

On the basis of end-use, the market is segmented as hospitals, ambulatory surgical centers, homecare and others. The homecare segment held a market share of around 17% in 2019. Growing elderly population and increasing awareness related to home healthcare services will boost the segmental growth. Additionally, rising number of patients inclined towards value-based healthcare and presence of favorable regulations and policies across European countries will enhance the segmental growth. Furthermore, availability of wide range of home care ventilators (HCV) for long term mechanical ventilation will support the segmental growth thereby, spurring the market growth.

Europe Market, By Country

Spain held a market share of around 4% in 2019 and is projected to show exponential growth from the year 2019 to 2020. The enormous growth in Spain is attributed to the factors such as increasing incidences of coronavirus disease and growing needs for intensive care beds for the treatment of these patients. For instance, according to a recently published report by the World Health Organization, in May 2020, in Spain, the total number of patients suffering from coronavirus disease was more than 217,000. Hence, rising proportion of these patients will boost the market growth in the near future. Furthermore, the advent of new technologies coupled with high prevalence of breathing disorders will prove beneficial for the country growth.

Competitive Market Share

Some of the major market players involved in Europe mechanical ventilators market include Smiths Group, Hamilton Medical, Fisher & Paykel, Medtronic, VYAIRE MEDICAL, 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 February 2019, Air Liquide acquired two key swiss firms namely Megamed and Sleep & Health that offers mechanical ventilators for respiratory disorders and sleep apnea respectively. This acquisition strengthened the overall presence of the company across Europe.

Europe Mechanical Ventilators Market Background

Mechanical ventilator is a machine that helps patients breathe when they are not able to breathe on their own. These ventilators assist patients to get adequate oxygen. In 17^th and 18^th centuries, techniques for resuscitation were gaining widespread acceptance. Later in 19^th century, ventilators based on physiological principles were developed. Initially, ventilation was delivered using sub-atmospheric pressure in the body of patients with the aim of replacing or augmenting the work done by the respiratory muscles. Over the past 60 years, many technical aspects of ventilators have improved that includes exhalation valves, flow delivery, improved triggering, use of microprocessors and the development of new modes of ventilation. Recently, the COVID-19 pandemic has increased the demand for mechanical ventilators in the healthcare facilities across European countries. Thus, this will support the industry expansion in the future.