We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies. Cookie Policy.

Features Partner Sites Information LinkXpress
Sign In
Advertise with Us
Detecto

Download Mobile App




Events

ATTENTION: Due to the COVID-19 PANDEMIC, many events are being rescheduled for a later date, converted into virtual venues, or altogether cancelled. Please check with the event organizer or website prior to planning for any forthcoming event.
16 Feb 2023 - 18 Feb 2023

Global Mechanical Ventilator Market to Surpass USD 11.5 Billion by 2027 Due to Increasing ICU Admissions

By HospiMedica International staff writers
Posted on 19 Apr 2022
Print article
Image: Increasing number of ICU admissions is augmenting demand for mechanical ventilators (Photo courtesy of Pexels)
Image: Increasing number of ICU admissions is augmenting demand for mechanical ventilators (Photo courtesy of Pexels)

The global mechanical ventilator market is expected to register a CAGR of 12.7% during the period 2021-2027 to reach USD 11.7 billion by 2027, driven by an increase in the prevalence of chronic respiratory diseases such as lung cancer, chronic obstructive pulmonary disease (COPD), asthma, bronchitis, and other lung disorders, as well as rise in the number of hospitals and diagnostic centers. The increasing population of aged individuals who are susceptible to respiratory disorders along with technological advancements in mechanical ventilation will further fuel market growth. However, the high costs associated with mechanical ventilators and the risk of ventilator-associated diseases such as nosocomial pneumonias are expected to restrict market growth during the forecast period.

These are the latest findings of Research and Markets (Dublin, Ireland), a market research firm.

Mechanical ventilator is a device used to support the breathing of patients who are critically ill and unable to breathe on their own. A hollow tube, which acts as an artificial airway, is inserted into the patient's mouth and down into the trachea to connect the patient to the ventilator. In addition, mechanical ventilators are used to assess static compliance of airway resistance and respiratory system abnormalities as a diagnostic tool. The mechanical ventilator is a life-saving device in medical emergencies and surgeries and is majorly used for patients with spinal cord injury, stroke, respiratory disorders, or other disorders.

Purchasing a fleet of ventilators is a major decision for hospitals. The cost of acquiring new equipment is part of that decision-making process. Several ventilator options are available to care for a variety of patient needs such as home care ventilators, transport ventilators, low, medium, and high-acuity ventilators, high-frequency ventilators, non-invasive positive pressure ventilation/continuous positive airway pressure (NPPV/CPAP), bi-level positive airway pressure (BIPAP) systems. Different ventilators also have different gas delivery designs, including turbine-based air supply and proportional solenoid (PSOL) valve control, or a combination of the two systems. The costs for these ventilators can range from USD 5,000 to USD 50,000. Premium or high-acuity ventilators which are most commonly found in hospital ICUs typically have a PSOL gas delivery design and can currently cost between USD 25,000 and USD 50,000.

The number of innovations in intensive care unit (ICU) ventilation has been soaring. Potential optimization of ventilation bundles begins by re-investigating the critical constituents of respiratory mechanics. Automation of ventilation settings could result in a solution. Closed-loop systems have been categorized into clear, physiological signal-based and explicit computerized protocols or ECP. ECP systems utilize numerous inputs to curb one or numerous ventilator outputs. Certain examples of automation of mechanical ventilation include Adaptive Support Ventilation (ASV; which titrates ventilator output on a breath-to-breath basis offering a preset level of minute ventilation while reducing work of breathing), Intelligent ASV (an expansion of ASV, inclusive of an automatized choice of FiO2 and PEEP), and SmartCarePS (regulation of pressure support level based on the patient's respiratory features). Additional examples accessible on the market (although not completely automatized) are proportional assisted ventilation plus (PAV+) and NAVA. The modes of ventilation include non-invasive ventilation and invasive ventilation.

The burden of respiratory diseases is rising globally, owing to numerous factors such as smoking, obesity, and lifestyle changes. The increasing demand for critical care equipment due to the growing number of ICU admissions in the emerging and developed countries is anticipated to drive the growth of the mechanical ventilator market. Additionally, due to the impact of COVID-19, there has been an increase in the number of ICU admissions, resulting in a higher need for critical care equipment, including mechanical ventilators. COVID-19 infection is associated with respiratory failure, and requires critical care with ventilator support. Mechanical ventilation is regularly employed to oxygenate seriously ill COVID-19 patients. In addition, the new delta and omicron variants of COVID-19 with a high transmission rate have increased the risk of repeated waves across the world. The initiatives taken by manufacturers of mechanical ventilators and by various governments to boost production have helped fulfill the high requirement for ventilators during the pandemic.

Related Links:
Research and Markets 

Gold Supplier
Premium Ultrasound Scanner
ARIETTA 850
New
Eye Protector
Biliband
New
Mobile Radiography System
NeuVision 550M (Plus)
New
Flexible Examination Light
ri-magic LED

Print article

Channels

AI

view channel
Image: A novel research study moves the needle on predicting coronary artery disease (Photo courtesy of Pexels)

AI-Enabled ECG Analysis Predicts Heart Attack Risk Nearly as well as CT Scans

Increased coronary artery calcium is a marker of coronary artery disease that can lead to a heart attack. Traditionally, CT scans are used to diagnose buildup of coronary artery calcium, although CT scanners... Read more

Critical Care

view channel
Image: The advanced electronic skin could enable multiplex healthcare monitoring (Photo courtesy of Terasaki Institute)

First-of-Its-Kind Electronic Skin Patch Enables Advanced Health Care Monitoring

For some time now, electronic skin (E-skin) patches have been used to monitor bodily physiological and chemical indicators of health. Such monitors, placed on the skin, are capable of measuring various... Read more

Surgical Techniques

view channel
Image: The neuro-chip with soft implantable electrodes could manage brain disorders (Photo courtesy of EPFL)

Implantable Neuro-Chip Uses Machine Learning Algorithm to Detect and Treat Neurological Disorders

Using a combination of low-power chip design, machine learning algorithms, and soft implantable electrodes, researchers have produced a neural interface that can identify and suppress symptoms of different... Read more

Health IT

view channel
Image: Using digital data can improve health outcomes (Photo courtesy of Unsplash)

Electronic Health Records May Be Key to Improving Patient Care, Study Finds

When a patient gets transferred from a hospital to a nearby specialist or rehabilitation facility, it is often difficult for personnel at the new facility to access the patient’s electronic health records... Read more

Point of Care

view channel
Image: Steripath improves the diagnostic accuracy and timeliness of sepsis test results (Photo courtesy of Magnolia)

All-in-One Device Reduces False-Positive Diagnostic Test Results for Bloodstream Infections

Blood cultures are considered the gold standard diagnostic test for the detection of blood stream infections, such as sepsis. However, positive blood culture results can be frequently wrong, and about... Read more
Copyright © 2000-2023 Globetech Media. All rights reserved.