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U.S. Portable Ventilator Market by Mode, (Pressure Mode Ventilation, Volume Mode Ventilation and Others), Interface (Invasive Ventilator and Non-Invasive Ventilator), Age Group (Pediatric & Neonatal, Adult and Geriatric), and End User (Hospitals & Clinics, Ambulatory Care Centers and Homecare): Opportunity Analysis and Industry Forecast, 2020–2027

A09509
Pages: 116
Jan 2021 | 213 Views
 
Author(s) : Vishal Bhardwaj, Smita , Onkar Sumant
Tables: 32
Charts: 41
 

COVID-19

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The U.S. portable ventilator market was valued at $106.20 million in 2019, and is projected to reach $160.98 million by 2027, registering a CAGR of 5.34%. 

This pandemic has disrupted growth in many economies across various domains. The COVID-19 outbreak is anticipated to impact the growth of the portable ventilator market. A ventilator is one of the primary devices used for COVID-19 treatment. The demand for medical ventilators for COVID-19 has increase exponentially, forcing numerous manufacturers to raise their production by 30% to 50%. Around 77,000 new ventilators were expected to be required to meet global demand in 2019. For instance, several major players namely Getinge AB, GE Healthcare, Hamilton Medical, Philips, Medtronic, and Smiths Group are pushing for the development and distribution of as many ventilators as possible around the globe to increase the production of hospital ventilators to ramp up the battle of COVID-19 pandemic.

Portable ventilators are used to provide oxygen to patients while commuting. The factors that drive the market are increasing breathing issues and respiratory problems among the population. Additionally, increasing smoking population is another factor for the growth in demand for portable ventilators. These ventilators are used in hospitals and day care centers for continuous oxygen supply when a COPD patient is unconsciousness or when there is discomfort due to breathing problems. Rise in hospital admissions owing to increase in incidence of COPD and surge in emphasis on home care are projected to drive the U.S. portable ventilators market.

US-Portable-Ventilator-Market-2019-2027

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This pandemic has disrupted growth in many economies across various domains. The COVID-19 outbreak is anticipated to impact the growth of the portable ventilator market. A ventilator is one of the primary devices used for COVID-19 treatment. The demand for medical ventilators for COVID-19 has increased exponentially, forcing numerous manufacturers to raise their production by 30% to 50%. Around 77,000 new ventilators were expected to be required to meet global demand in 2019. For instance, several major players namely Getinge AB, GE Healthcare, Hamilton Medical, Philips, Medtronic, and Smiths Group are pushing for the development and distribution of as many ventilators as possible around the globe to increase the production of hospital ventilators to ramp up the battle of COVID-19 pandemic.

Technological advances in microprocessor-controlled ventilation integrated with the complexity of new ventilator modes have provided the multidisciplinary team in healthcare with various opportunities to improve critically ill ventilator patients' care. Advanced ventilators are also primed for any kinds of exigencies and have numerous checks and balances in place. Patient-specific parameters such as air pressure, air volume, flow speed, and general parameters such as air leakage, mechanical failure, power failure, battery backups, oxygen tanks, and remote control are all equipped with sensors and monitors. Hence, will further boost the portable ventilator market growth.

Growth of the U.S. portable ventilator market is driven by rise in geriatric population who are prone to respiratory disorders, high prevalence of chronic respiratory diseases, and increase in government expenditures on the healthcare industry. However, a number of limitations are associated with portable ventilators, such as high cost of portable ventilators and rise in prevalence of ventilator-associated pneumonia (VAP), which restrain the market growth.

As per the statistics by the National Cancer Institute, around 9.5 million individuals were reported to be suffering from cancer in the U.S. in 2019, and this number is expected to increase to 19 million in 2024. This is expected to increase the need of cancer pain drugs for therapeutic purposes, thus fueling the market growth. 

The demand for health facilities providing long-term care for chronic respiratory conditions is projected to be driven by a growing geriatric population base requiring long-term ventilation. The growth in the portable market is expected to increase by the growing need for emergency care for prolonged illnesses and prolonged treatment associated with lung diseases in children as well as adults.

U.S. Portable Ventilator Market
By Mode

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Pressure mode ventilation holds a dominant position in 2019

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In addition, older adults are afflicted with multiple diseases and chronic conditions including heart diseases, malignant neoplasms, cerebrovascular diseases, bronchitis, emphysema, Alzheimer’s, pneumonia, influenza, and chronic obstructive pulmonary diseases. Moreover, risk for severe illness from COVID-19 increases with age and geriatric population is at the highest risk. Furthermore, the U.S. government, through Medicare and Medicaid, is the leading third-party payer for healthcare expenditures of older adults. Furthermore, during COVID-19, governments are collaborating with private companies to increase the production of portable ventilators as there is an increasing demand for the same. For instance, the U.S. government collaborated with Koninklijke Philips N.V. to increase the production of hospital ventilators in its manufacturing sites in the U.S. to ramp up the battle of COVID-19 pandemic, which is anticipated to further drive the market growth during the forecast period.

One of the main drivers of the portable ventilator market is rise of the geriatric population vulnerable to respiratory emergencies. In addition, the market growth is further complemented by technological advances in respiratory care equipment, including non-invasive ventilation technology and others. 

U.S. Portable Ventilator Market
By Interface

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Invasive Ventilator holds a dominant position in 2019

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U.s. Portable Ventilator Market Segmentation

The U.S. portable ventilators market is segmented on the basis of mode, interface, age group, and end user. On the basis of mode, it is classified into pressure-mode ventilation, volume-mode ventilation, and others. On the basis of interface, the market is divided into invasive ventilator and non-invasive ventilator. On the basis of age group, the market is categorized into pediatric & neonatal, adult and geriatric. By end user, it is segmented into hospital and clinic, home care, and ambulatory care centers.

Segment review

On the basis of interface, the Invasive segment dominated the portable ventilator market in 2019, which is attributed to increase in number of patients suffering from chronic diseases. The invasive ventilator segment is projected to grow with the highest CAGR of 5.63% from 2020 to 2027. This is attributed to rise in demand for portable ventilators during emergencies and growth in adoption of easy-to-use portable ventilators for ease of geriatric patient population. 

U.S. Portable Ventilator Market
By Age Group

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Adult age group holds a dominant position in 2019

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In 2019, the adult segment was the highest revenue generating segment in the market, owing to the rise in adult population who are prone to chronic respiratory diseases. However, the pediatric & neonatal segment is estimated to register CAGR of 5.06% during the forecast period, owing to rise in prevalence of neonatal mortality and need for convenient ventilation facilities for newborn and premature babies.

The key players operating in the U.S. portable ventilator market include Koninklijke Philips N.V., Drgerwerk AG and CO., Becton, Dickinson and Company, Getinge AB, Resmed Inc., Percussionaire Corp., Smiths Group Plc., Hamilton Medical, Medtronic Plc. and Zoll Corporation.

U.S. Portable Ventilator Market
By End User

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Hospitals and Clinics segment holds a dominant position in 2019

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Key Benefits For Stakeholders

  • The study provides an in-depth analysis of the U.S. portable ventilator market, with current trends and future estimations to elucidate the imminent investment pockets.
  • Quantitative analysis from 2019 to 2027 is expected to enable the stakeholders to capitalize on prevailing market opportunities.
  • The portable ventilator market size and estimations are based on a comprehensive analysis of key developments in the industry.
  • Extensive analysis is conducted by closely following key product positioning and monitoring the top contenders within the market framework.

Key Market Segments

By Mode

  • Pressure mode ventilation
  • Volume mode ventilation
  • Others

By Interface

  • Invasive ventilator
  • Non-Invasive ventilator

By Age Group

  • Pediatric & neonatal 
  • Adult 
  • Geriatric

By End User

  • Hospital and clinic
  • Ambulatory care centers
  • Home care a
 

CHAPTER 1:INTRODUCTION

1.1.Report description16
1.2.Key benefits for stakeholders18
1.3.Key market segments

1.3.1.List of key players profiled in the report

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.Key findings of the study

2.1.1.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Key findings

3.2.1.Top player positioning

3.3.Top winning strategies
3.4.Porter’s five forces analysis
3.5.Market dynamics

3.5.1.Drivers

3.5.1.1.Growth in geriatric population
3.5.1.2.High prevalence of chronic respiratory diseases
3.5.1.3.Increase in government expenditures on healthcare

3.5.2.Restraints

3.5.2.1.High cost of portable ventilators
3.5.2.2.Rise in incidences of ventilator-associated pneumonia

3.5.3.Opportunity

3.5.3.1.Technological innovations, portability, and design

3.6.COVID-19 impact analysis for portable ventilator market

CHAPTER 4:U.S PORTABLE VENTILATORS MARKET, BY MODE

4.1.Overview

4.1.1.Market size and forecast

4.2.Pressure Mode Ventilation

4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast

4.3.Volume Mode Ventilation

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast

4.4.Others

4.4.1.Key market trends, growth factors, and opportunities
4.4.2.Market size and forecast

CHAPTER 5:U.S. PORTABLE VENTILATOR MARKET, BY INTERFACE

5.1.Overview

5.1.1.Market size and forecast

5.2.Non-Invasive ventilation

5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast

5.3.Invasive Ventilation

5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast

CHAPTER 6:U.S PORTABLE VENTILATOR MARKET, BY AGE GROUP

6.1.Overview

6.1.1.Market size and forecast

6.2.Pediatric & neonatal

6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast

6.3.Adult

6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast

6.4.Geriatric

6.4.1.Key market trends, growth factors, and opportunities
6.4.2.Market size and forecast

CHAPTER 7:U.S. PORTABLE VENTILATORS MARKET, BY END USER

7.1.Overview

7.1.1.Market size and forecast

7.2.Hospital and clinics

7.2.1.Key market trends, growth factors, and opportunities
7.2.2.Market size and forecast

7.3.Ambulatory care center

7.3.1.Key market trends, growth factors, and opportunities
7.3.2.Market size and forecast

7.4.Home Care

7.4.1.Key market trends, growth factors, and opportunities
7.4.2.Market size and forecast

CHAPTER 8:COMPANY PROFILES

8.1.BECTON, DICKINSON AND COMPANY (CAREFUSION/ VYAIRE MEDICAL INC.)

8.1.1.Company overview
8.1.2.Company snapshot
8.1.3.Operating business segments
8.1.4.Product portfolio
8.1.5.Business performance

8.2.DRAEGERWERK AG & CO. KGAA

8.2.1.Company overview
8.2.2.Company snapshot
8.2.3.Operating business segments
8.2.4.Product portfolio
8.2.5.Business performance

8.3.GETINGE AB

8.3.1.Company overview
8.3.2.Company snapshot
8.3.3.Operating business segments
8.3.4.Product portfolio
8.3.5.Business performance

8.4.HAMILTON MEDICAL AG

8.4.1.Company overview
8.4.2.Company snapshot
8.4.3.Product portfolio
8.4.4.Key strategic moves and developments

8.5.KONINKLIJKE PHILIPS N.V.

8.5.1.Company overview
8.5.2.Company snapshot
8.5.3.Operating business segments
8.5.4.Product portfolio
8.5.5.Business performance
8.5.6.Key strategic moves and developments

8.6.MEDTRONIC PLC. (COVIDIEN LTD.)

8.6.1.Company overview
8.6.2.Company snapshot
8.6.3.Operating business segments
8.6.4.Product portfolio
8.6.5.Business performance
8.6.6.Key strategic moves and developments

8.7.PERCUSSIONAIRE CORP.

8.7.1.Company overview
8.7.2.Company snapshot
8.7.3.Operating business segments
8.7.4.Product portfolio

8.8.SMITHS GROUP PLC.

8.8.1.Company overview
8.8.2.Company snapshot
8.8.3.Operating business segments
8.8.4.Product portfolio
8.8.5.Business performance
8.8.6.Key strategic moves and developments

8.9.RESMED INC.

8.9.1.Company overview
8.9.2.Company snapshot
8.9.3.Operating business segments
8.9.4.Product portfolio
8.9.5.Business performance

8.10.ZOLL MEDICAL CORPORATION

8.10.1.Company overview
8.10.2.Company snapshot
8.10.3.Operating business segments
8.10.4.Product portfolio
8.10.5.Key strategic moves and developments

LIST OF TABLES

TABLE 01.U.S PORTABLE VENTILATORS MARKET, BY MODE, 2019–2027 ($MILLION)5
TABLE 02.U.S. PORTABLE VENTILATOR MARKET, BY INTERFACE, 2019–2027 ($MILLION)
TABLE 03.U.S. PORTABLE VENTILATORS MARKET, BY AGE GROUP, 2019–2027 ($MILLION)
TABLE 04.U.S. PORTABLE VENTILATORS MARKET, BY END USER, 2019–2027 ($MILLION)
TABLE 05.BD: COMPANY SNAPSHOT
TABLE 06.BD: OPERATING SEGMENTS
TABLE 07.BD: PRODUCT PORTFOLIO
TABLE 08.DRAGER: COMPANY SNAPSHOT
TABLE 09.DRAGER: PRODUCT PORTFOLIO
TABLE 10.GETINGE: COMPANY SNAPSHOT
TABLE 11.GETINGE AB: OPERATING SEGMENT
TABLE 12.GETINGE: PRODUCT PORTFOLIO
TABLE 13.HAMILTON: COMPANY SNAPSHOT
TABLE 14.HAMILTON: PRODUCT PORTFOLIO
TABLE 15.PHILIPS: COMPANY SNAPSHOT
TABLE 16.PHILIPS: OPERATING SEGMENTS
TABLE 17.PHILIPS: PRODUCT PORTFOLIO
TABLE 18.MEDTRONIC: COMPANY SNAPSHOT
TABLE 19.MEDTRONIC: OPERATING SEGMENTS
TABLE 20.MEDTRONIC: PRODUCT PORTFOLIO
TABLE 21.PERCUSSIONAIRE: COMPANY SNAPSHOT
TABLE 22.PERCUSSIONAIRE: OPERATING SEGMENTS
TABLE 23.PERCUSSIONAIRE: PRODUCT PORTFOLIO
TABLE 24.SMITHS: COMPANY SNAPSHOT
TABLE 25.SMITHS: OPERATING SEGMENTS
TABLE 26.SMITHS: PRODUCT PORTFOLIO
TABLE 27.RESMED: COMPANY SNAPSHOT
TABLE 28.RESMED: OPERATING SEGMENTS
TABLE 29.RESMED: PRODUCT PORTFOLIO
TABLE 30.ZOLL: COMPANY SNAPSHOT
TABLE 31.ZOLL: OPERATING SEGMENTS
TABLE 32.ZOLL: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01.U.S. PORTABLE VENTILATOR MARKET SEGMENTATION
FIGURE 02.TOP PLAYER POSTIONING, 2019
FIGURE 03.TOP WINNING STRATEGIES, BY YEAR, 2017–2020*
FIGURE 04.TOP WINNING STRATEGIES, BY DEVELOPMENT, 2017–2020* (%)
FIGURE 05.TOP WINNING STRATEGIES, BY COMPANY, 2017–2020*
FIGURE 06.MODERATE BARGAINING POWER OF BUYERS
FIGURE 07.HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 08.HIGH THREAT OF NEW ENTRANTS
FIGURE 09.MODERATE THREAT OF SUBSTITUTION
FIGURE 10.HIGH COMPETITIVE RIVALRY
FIGURE 11.U.S. PORTABLE VENTILATOR MARKET FOR PRESSURE MODE VENTILATION, 2019-2027 ($MILLION)
FIGURE 12.U.S. PORTABLE VENTILATOR MARKET FOR VOLUME MODE VENTILATION, 2019-2027 ($MILLION)
FIGURE 13.U.S. PORTABLE VENTILATOR MARKET FOR OTHERS, 2019-2027 ($MILLION)
FIGURE 14.U.S. PORTABLE VENTILATOR MARKET FOR NON-INVASIVE VENTILATION, 2019-2027 ($MILLION)
FIGURE 15.U.S. PORTABLE VENTILATOR MARKET FOR INVASIVE VENTILATION, 2019-2027 ($MILLION)
FIGURE 16.U.S. PORTABLE VENTILATOR MARKET FOR PEDIATRIC & NEONATAL, 2019-2027 ($MILLION)
FIGURE 17.U.S. PORTABLE VENTILATOR MARKET ADULT, 2019-2027 ($MILLION)
FIGURE 18.U.S. PORTABLE VENTILATOR MARKET FOR GERIATRIC, 2019-2027 ($MILLION)
FIGURE 19.U.S. PORTABLE VENTILATOR MARKET FOR HOSPITAL AND CLINICS, 2019-2027 ($MILLION)
FIGURE 20.U.S. PORTABLE VENTILATOR MARKET FOR AMBULATORY CARE CENTER, 2019-2027 ($MILLION)
FIGURE 21.U.S. PORTABLE VENTILATOR MARKET FOR HOME CARE, 2019-2027 ($MILLION)
FIGURE 22.BD: NET SALES, 2017–2019 ($MILLION)
FIGURE 23.BD: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 24.BD: REVENUE SHARE BY GEOGRAPHY, 2019 (%)
FIGURE 25.DRAGER: REVENUE, 2017–2019 ($MILLION)
FIGURE 26.DRAGER: REVENUE SHARE BY GEOGRAPHY, 2019 (%)
FIGURE 27.GETINGE: REVENUE, 2017–2019 ($MILLION)82
FIGURE 28.GETINGE: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 29.GETINGE: REVENUE SHARE BY GEOGRAPHY, 2019 (%)
FIGURE 30.PHILIPS: NET SALES, 2017–2019 ($MILLION)
FIGURE 31.PHILIPS: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 32.PHILIPS: REVENUE SHARE BY GEOGRAPHY, 2019 (%)
FIGURE 33.MEDTRONIC: NET SALES, 2017–2019 ($MILLION)
FIGURE 34.MEDTRONIC: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 35.MEDTRONIC: REVENUE SHARE BY GEOGRAPHY, 2019 (%)
FIGURE 36.SMITHS: NET SALES, 2017–2019 ($MILLION)101
FIGURE 37.SMITHS: REVENUE SHARE, BY DIVISION, 2019 (%)
FIGURE 38.SMITHS: REVENUE SHARE, BY REGION, 2019 (%)
FIGURE 39.RESMED: NET SALES, 2017–2019 ($MILLION)106
FIGURE 40.RESMED: REVENUE SHARE, BY DIVISION, 2019 (%)
FIGURE 41.RESMED: REVENUE SHARE, BY REGION, 2019 (%)

 
 

According to analyst perspective, the U.S. portable ventilator market is driven by factors such as increase utilization of intensive care unit ventilators is expected to witness a significant rise with increase in ICU admission. The portable ventilator market has piqued the interest of healthcare industry, owing to its high use for various conditions such as asthmatic attacks, severe accidents, and ICU admissions.

Further, rise in demand for home care ventilators, increase in geriatric population, and technological advancements are some major factors that drive the U.S. portable ventilator market. However, high cost of portable ventilators and rise in incidences of ventilator-associated pneumonia (VAP) hamper the market growth. Presently, Invasive portable ventilators are the most preferred options by patients in critical conditions. Increase in chronic respiratory diseases also boost the demand for portable ventilator market. In addition, owing to high ICU bed admissions and increase in government expenditure on healthcare, drive the market growth.
 

 
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FREQUENTLY ASKED QUESTIONS?
Our Report Looks Like This
 

A. The total market value of portable ventilators market is $106.20 million in 2019.

A. The forcast period for portable ventilators market is 2020 to 2027

A. The market value of portable ventilators market in 2027 is $160.98 million

A. The base year is 2019 in portable ventilators market.

A. GETINGE AB, Drager, MEDTRONIC PLC, BECTON, DICKINSON AND COMPANY held a high market postion owing to the strong geographical foothold in U.S. region.

A. Invasive Ventilation segment is the major revenue contributor, and is projected to grow significantly during the forecast period. This is attributed to the rise in demand for invasive ventilator as these ventilators are convenient for patients, have less side effects, and faster recovery.

A. The major factor for the growth of portable ventiators market are rise of the geriatric population vulnerable to respiratory emergencies.. In addition, portable ventilators are highly used for the treatment of patients suffering from diseases such as pneumonia or during multiple casualty situations

A. Portable ventilators are used to provide oxygen to patients while commuting. Moreover, portable ventilator are designed for moving breathable air into and out of lungs for a patient who is physically unable to breathe.

A. Portable Ventilators are used for the treatment of patients suffering from diseases such as pneumonia or during multiple casualty situations.

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