Hospital & Clinic segment to dominate the United States Ventilator Market
Increasing hospital admission rates and rise in number of ICU beds is expected to drive the demand for United States ventilator market for the forecast period.
According to TechSci Research report, “United States Ventilator Market By Equipment Type (Invasive Ventilation v/s Non-Invasive Ventilation) By Product Type (Adult/Pediatric v/s Neonatal/Infant) By Mobility (Standalone v/s Portable) By Mode (Volume Mode, Pressure Mode, Combined Mode) By Source (Imported v/s Domestic) By End User (Hospitals & Clinics, Emergency Medical Services, Homecare, Others) By Company, By Region, Forecast & Opportunities, 2026”, United States ventilator market is expected to witness significant growth for the next five years. A ventilator is a medical equipment used in ICUs to support the patient in breathing when patient is unable to breathe by themselves. Ventilators are used for short-term or long-term depending upon the condition of the patient. Ventilators consists of nasogastric chain, an endotracheal tube and mechanical ventilation. Ventilators are used to sustain life, but it does not provide treatment to patients. Ventilator devices supply oxygen and extract the carbon dioxide. The six categories of ventilators are acute care ventilators, sub-acute care ventilators, home care ventilators, neonatal ventilators, non-invasive ventilators, and emergency transport ventilators.
Since the onset of pandemic COVID-19, complete lockdown was announced by leading authorities of United States to fight the novel coronavirus. Sudden spike in demand for ventilators required for treatment of covid disease led to high demand for critical care facilities and transport ventilators. Massive purchase of ventilators during the first wave of pandemic may impact the market as major hospitals may prioritize using the already reserved ventilators before purchasing additional ventilator facilities for their healthcare facilities. Spread of new strains which are highly transmissible and harmful which may maintain the demand and ultimately sales of ventilators in healthcare centers.
However, reimbursement issues from providers which generally do not cover the purchasing expenses and other related ventilator accessories which may create hindrance in the market growth.
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United States ventilator market is segmented into equipment type, product type, mobility, mode, source, end user, regional distribution, and company. Based on mobility, market is further divided into standalone and portable. Standalone ventilators segment is expected to witness significant growth for the forecast period, 2022-2026. Rise in number of intensive beds equipped with ventilators is on rise. Increasing number of admissions and re-admissions in hospitals suffering from coronavirus disease coupled with government reimbursement facilities for availing healthcare facilities is contributing to significant growth of the United States ventilator market. Based on end user, market is segregated into hospitals & clinics, emergency medical services, homecare, and others. Hospitals & clinic segment is anticipated to dominate the ventilator market. Presence of trained professionals who can operate the ventilators and increased hospital capabilities to purchase high-priced instruments due to strong economic growth of United States is expected to fuel the ventilators market. Based on equipment type, market is majorly categorized into invasive ventilation and non-invasive ventilation. Invasive ventilation segment is expected to hold major market share for the predicted period due to prevalence of chronic and respiratory disorders. Extensive use in sleep and neurological disorders is a significant factor for the growth of the invasive ventilation segment. On the basis of mode, market is divided into volume mode, pressure mode and combined mode. The combined mode segment is expected to dominate the ventilator market for the next five years as it uses both the volume and pressured mode and thereby consists the benefits of using both modes. Based on end user, market is divided into hospitals & clinics, emergency medical services, homecare, and others. Hospital & clinic segment is responsible for major market share due to the ongoing pandemic conditions and increase in number of patients visiting hospital facilities.
GE Healthcare, ResMed, Inc., Philips Healthcare (USA), Getinge USA, Inc., Allied Healthcare Products, Inc., Fisher & Paykel Healthcare, Inc, Smith’s Medical, Inc., Draeger Inc., Bunnell Incorporated, Vyaire Medical Inc are the leading players operating in United States ventilator market. Manufacturers are increasingly focusing on research and development process to fuel higher growth in the market. To meet evolving customer demand with respect to better efficiency and durability, several ventilator manufacturers are coming up with their technologically advanced offerings.
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“Rise in investments in research and development on cardiovascular interventions along with introduction of advanced technology and new devices is expected to boost the ventilator market. Ventilator manufacturers are integrating ventilators with bedside technologies to provide ventilate all patients in all hospital settings. Increase in number of hospitals and presence of government supportive policies to promote healthcare sector is expected to propel the ventilator market until 2026” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“United States Ventilator Market By Equipment Type (Invasive Ventilation v/s Non-Invasive Ventilation) By Product Type (Adult/Pediatric v/s Neonatal/Infant) By Mobility (Standalone v/s Portable) By Mode (Volume Mode, Pressure Mode, Combined Mode) By Source (Imported v/s Domestic) By End User (Hospitals & Clinics, Emergency Medical Services, Homecare, Others) By Company, By Region, Forecast & Opportunities, 2026” has evaluated the future growth potential of United States ventilator market and provided statistics & information on market size, shares, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the of United States ventilator market.
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