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Gauri Desai

COVID-19 Impacts on overall industry. Whatever happens in the next five years is completely up to you.

Mechanical Ventilators Market: COVID-19 Impact Analysis Reports 2020

The people whose lungs are severely compromised due to infection and are suffering from respiratory problems require respiratory support and this is aided by medical equipment known as a ventilator. The ventilator uses positive pressure to supply oxygen to the lungs through inner pathways and to completely monitor the patients' breathing cycle. The humidifier is used in the ventilator to add moisture and heat to the oxygen to match the temperature of the patient's body. The lungs of patients requiring mechanical ventilation due to COVID-19 are so inflamed that the oxygen can not reach the alveoli when the patient breathes, and the mechanical ventilator acts to force the oxygen flow to these small air passages under pressure.

There are two types of medical ventilation:
  1. Invasive mechanical ventilation, and
  2. Non-invasive ventilation.

Invasive mechanical ventilation uses an endotracheal tube that is inserted into the trachea for the flow of oxygen to the patient's lungs, while non-invasive ventilation does not use an internal tube. Non-invasive ventilation devices, such as continuous positive airway pressure (CPAP) devices and oxygen hoods, are also used in the management of less severe COVID-19 patients to avoid the need for mechanical ventilators that are invasive.

Global Mechanical Neonatal Ventilators Market competition by Top Key Players: GE Healthcare, Medtronic, Smiths Medical, BD Medical, EVent Medical, Teleflex, Mindray.

The scope of the report extends from market scenarios to price comparisons between key players, costs, and benefits in specific market regions. Numerical data is backed up with statistical tools such as SWOT analysis, BCG matrix, SCOT analysis, and PESTLE analysis. Statistics are presented in graphical format for a clear understanding of facts and figures.

Read the full report: https://www.databridgemarketresearch.com/covid-19-resources/covid-19-impact-on-mechanical-ventilators-in-the-healthcare-industry

According to the World Health Organization (WHO), the global population share of people with age >60 would nearly double from 12% to 22% from 2015 to 2050. This rise in the elderly population has led to an increase in the geriatric ailments, leading to greater requirement of intensive care, which includes mechanical ventilation.
Elderly patients are progressively opting for intensive care unit (ICU) treatment with mechanical ventilation (MV).Non-invasive ventilation (NIV) is a better alternative to be used for elderly patients admitted to hospitals for the treatment of respiratory diseases.
According to one of the studies published in Medicina Intensiva, the journal of the Spanish Society of Intensive and Critical Care Medicine and Coronary Units (SEMICIUC), patients with age >75 exhibit significantly greater in-ICU mechanical ventilation requirements.

Segmentation:

The global mechanical ventilators market has been segmented into product type, component, mode, age-group, and end user.

On the basis of product, the global mechanical ventilators market is divided into intensive care unit/critical care, transport/portable/ambulatory, and neonatal care. Intensive care unit/critical care segment held the largest market share owing to the high installation and adoption rate in the hospitals.

By component, the global mechanical ventilators market is classified into devices and services. The devices segment held the largest market share owing to the rising demand for mechanical ventilators in the market.

Based upon the mode, the market is categorized into non-invasive ventilation and invasive ventilation. Non-invasive ventilation segment held the largest market share because of its convenience over the invasive ventilation mode.

The mechanical ventilators market by age group is segmented into pediatric & neonatal, adult, and geriatric. The adults segment is expected to hold the largest market size owing to the rising prevalence of respiratory diseases in the adults caused due to the rising population of cigarette smokers.

On the basis of end user, the global mechanical ventilators market is classified into hospital & clinics, home care, ambulatory surgical centers, and others. The hospitals & clinics segment held the largest market share owing to the adoption of new and advanced ventilator services in the hospitals.

The Global Mechanical Ventilators Market is segmented based on mobility, interface, type, mode, end-use, and region. Based on end-use, the market can be segmented into hospitals & clinics, home care, ambulatory care centres and emergency medical services, out of which, the hospitals & clinics segment dominated the market in terms of largest market size until 2019 and is further anticipated to maintain its leading position during the forecast period as well. The growing number of hospitals and other healthcare units amid coronavirus outbreak are augmenting mechanical ventilator sales all over the world. In addition to this, growing number of patients with respiratory disorders coupled with improving healthcare infrastructure in emerging economies is expected to drive the demand further in the coming years.

Strategic decisions for manufacturers

As the dependency on China for the medical device is recognized as a threat to the national security, the central government of India has taken measures for in-house production of these materials.

To cope with current situation, the local manufacturers of ventilators are producing ventilators for very low costs. For instance, Dynamatic Technologies is making a USD 33 ventilator that does not need electricity to function, while AgVa is aiming to make 10,000 ventilators by mid-May, priced under USD 2,000. Also, AgVa is collaborating with automaker Maruti Suzuki and state-run Bharat Electronics to make parts required to set up ventilators.

While in Germany, where about 25,000 ventilators are now available nationwide, the government ordered 10,000 from a domestic manufacturer, Dräger, to be made over the next year.

NOTE: This report takes into account the current and future impacts of COVID-19 on this industry and offers you an in-dept. analysis of Adult Ventilators market.

Conclusion

Therefore, it can be concluded that the mechanical ventilators market are positively avoiding this epidemic. It is believed that the spread of the corona virus will continue to increase and accelerate and so will the demand of these life saving machines.

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