Report Details

Global Ventilators Market Size, Share, Forecast Report, 2020-2027

The global ventilators industry is projecting an exponential growth rate during the COVID-19 outbreak. The pandemic has released a continuous requirement for ventilators; however, the affected countries are facing a challenge with the shortage of ventilators. Prior to the coronavirus outbreak, the rising prevalence of respiratory diseases and the increasing number of ICU beds were among the major factors offering growth to the global ventilators industry. However, there is an enormous demand for ventilators is being stated by every COVID-19 affected country, as the ventilators are most significantly required while dealing with the geriatric population. Though, the industry will see stagnant growth once the outbreak gets over across the globe, as the urgent need for ventilators will get over and the hospitals will have enough ventilators for the other treatment procedures.

The global ventilators industry report is analyzed for a range of ventilators, which includes portable ventilators and intensive care ventilators. Amid these ventilators, the intensive care ventilators are showing great relevance in the treatment of coronavirus. The patients are admitted to the intensive care unit, as coronavirus is rapidly spreading through the air. Therefore, infected patients are required to be kept under full isolation and intensive care units. This, in turn, is increasing the demand for intensive care ventilators across the globe.

In addition, the effect of COVID-19 on the ventilators industry is analyzed from a geographical standpoint, which includes North America, Europe, Asia-Pacific, and Rest of the World. Asia-Pacific and European countries are majorly impacted nations with the COVID-19 pandemic. Therefore, the demand for ventilators is continuously increasing in particularly these two regions. The mortalities from coronavirus are continuously increasing in the European countries, including Spain, Italy, France, UK, and the Netherlands. This surge in mortalities is presenting a need for a large number of medical facilities and equipment. Italy has recorded over 5,000 mortalities from coronavirus till March 22, 2020, listing on top in the coronavirus mortality list. The country is facing a crisis in terms of ventilators, amongst which, the doctors are saving ventilators mainly for elderly patients. The local ventilator manufacturers have escalated the production units; however, the scarcity of ventilators is still at its place.

The well-established companies of the global ventilators market and are seeking attention during this outbreak include Medtronic PLC, General Electric Co., Hamilton Medical, Ventec Life Systems, Inc., Dr├Ągerwerk AG & Co. KGaA, and Breas Medical AB. As the demand for ventilators is continuously increasing with the rapidly spreading COVID-19, these ventilator manufacturers have announced the ramping up of capacity, production of ventilators. Along with these established ventilator manufacturers, several other industry players have planned to blaze a trail in the ventilator industry. These are the world's leading automobile manufacturers, including Ford, Tesla, Ferrari, Fiat Chrysler, General Motors, and Mahindra. These automobile manufacturers have received a green light from the government authorities for the manufacturing of ventilators, which in turn, will help the global economy during this pandemic situation.

Research Methodology

OMR global recently published a report addressing the impact of COVID-19 on the global ventilators industry. The study is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data. Different approaches have been worked on to derive the market value and market growth rate. In the report, the analysis of the country is provided by analyzing various regional players, laws and policies, consumer behavior and macro-economic factors. The report includes analysis of different regions and countries and the effect of COVID-19 on the ventilators industry of each respective region. Besides, an expected recovery timeline of the industry will also be included with the best- and worst-case scenario which will aid clients to take their future steps in the decision-making process.

Sources Include

Financial reports of companies involved in the market

Whitepapers, research-papers, and news blogs

Company websites and their product catalog

Government Organizations Reports

The report provides an in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.