Authored By: Sarah
22 Jul 2021

Critical Care Ventilators Market | Leading Segments, Trends, Drivers and Challenges
Market Recovery and Growth Projections 2021-2025

The critical care ventilators market is expected to grow by $ 1.25 bn, accelerating at a CAGR of almost 6.12% during the forecast period. Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus.


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Critical Care Ventilators Market: Market Segments and Growth Forecasts

This research report will provide insights into the current market share of each segment along with growth projections for the next five years. 

  • Market is segmented Product (Portable ventilators and Mounted ventilators) and Geography (North America, Europe, Asia, and ROW). 
  • 32% of the market growth will originate from Europe during the forecast period. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the Critical Care Ventilators Market size. 

Critical Care Ventilators Market Size to Grow by $ 1.25 bn through 2021-2025 | Leading Segments and Market Trends

Critical Care Ventilators Market: Trends, Drivers, Challenges
The report also offers a detailed impact analysis of various trends, drivers, and challenges that are likely to influence the market growth during the forecast period. These insights will equip clients to design a growth strategy for their business and area of operations.

  • Growing need for critical care ventilators during chronic disease treatment and surgeries will be a significant factor in driving the growth of the Critical Care Ventilators Market.
  • Expansion of product portfolio through new launches will be instrumental in driving the market growth during the forecast period.
  • Recall of critical care ventilators is a hurdle that needs to be crossed on the path to success.

Critical Care Ventilators Market: Vendor Analysis

  • The market is fragmented.
  • The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
  • Becton, Dickinson and Co., Dragerwerk AG and Co. KGaA, General Electric Co., Getinge AB, Hamilton Medical AG, Koninklijke Philips NV, Medtronic Plc, ResMed Inc., Smiths Group Plc, and Vyaire Medical Inc. are some of the major market participants.

For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with impact analysis of government regulations.

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerate at a CAGR of almost 6.12%.

     
  2. What is the incremental growth of the market?
    The market is expected to grow by $ 1.25 bn through 2021-2025.

     
  3. What is a key factor driving this market?
    Growing need for critical care ventilators during chronic disease treatment and surgeries will drive market growth over the forecast period.

     
  4. What are the key regions covered in this market research report?
    North America, Europe, Asia, and ROW are the key regions featured in this research report.

     
  5. Which is the leading geographic region for this market:
    32% growth will originate from Europe

     
  6. Who are the leading market vendors?
    The leading vendors in this market are Becton, Dickinson and Co., Dragerwerk AG and Co. KGaA, General Electric Co., Getinge AB, Hamilton Medical AG, Koninklijke Philips NV, Medtronic Plc, ResMed Inc., Smiths Group Plc, and Vyaire Medical Inc.

     
  7. What are the market segments covered in this report?
    The market is segmented by Product (Portable ventilators and Mounted ventilators) and Geography (North America, Europe, Asia, and ROW)

Technavio has been monitoring the global critical care ventilators market and it is expected to grow by USD 1.05 billion accelerating at a CAGR of almost 8% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. Download latest version with COVID-19 analysis Free Sample Report

Critical Care Ventilators Market Size to Grow by $ 1.25 bn through 2021-2025 | Leading Segments and Market Trends

Critical Care Ventilators Market: Segmentation by Product

During 2019, the portable ventilators segment accounted for the major share of the Critical Care Ventilators Market. These ventilators are gaining popularity due to their ability to provide secure and proper ventilation at any place. They are lightweight and slim designed and consist of swappable batteries, which make it easy for healthcare staff to move the equipment. Also, vendors in the market are coming up with advanced portable critical care ventilators, which can be used while shifting a patient from one hospital unit to another. Market growth in the portable ventilators segment will be faster than the growth of the market in the mounted ventilators segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the critical care ventilators market size.

Critical Care Ventilators Market: Segmentation by Geography

North America was the largest Critical Care Ventilators Market market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The presence of public and private reimbursement will significantly drive critical care ventilators market growth in this region  to the extent that 37% of the market growth will originate from North America with the US being one of the key markets for critical care ventilators. However, market growth in this region will be slower than the growth of the market in Asia and Europe.

Critical Care Ventilators Market: Vendor Analysis

The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Becton, Dickinson and Co., Dragerwerk AG & Co. KGaA and General Electric Co. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio offers custom research reports with detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report 

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