Ventilator Market Forecast to 2027 - COVID-19 Impact and Analysis Reports
Ventilator and its importance in covid-19 pandemic
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.
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There are two types of medical ventilation:
· Invasive mechanical ventilation, and
· 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.
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.
Additionally, Mechanical Ventilation help infants or new babies who are born with significant heart disease and congenital conditions that may result in complications of metabolism as well also newborn babies with genetic disorders such Trisomy 13, 18 and 21, and Motor Neuron Diseases Especially Spinal Muscle Atrophy which destroys the muscles activity of walking, swallowing, and breathing. As well as Neuromuscular disorder patients including Duchenne Muscle Dystrophy and Muscle Dystrophies will also need the support of Mechanical Ventilation. On the other hand, patients with neurologic conditions that can directly impact the nerves involved in the swallow mechanism include stroke, Parkinson's disease, and multiple sclerosis may also need the help of Mechanical Ventilation.
Advent of New Mechanical Ventilators will Add Impetus to Market
A ventilation machine provides artificial or mechanical respiration to a patient suffering from any chronic disease. The current COVID-19 pandemic has also increased the number of patients requiring intensive and critical medical aid. The World Health Organization (WHO) reports an estimate of about 4.7 million people suffering from COVID-19 all over the world as per May 18, 2020. Therefore, a rise in the number of critical care unit cases is a significant factor in propelling the ventilator market growth. In addition to this, the rising disposable incomes of people and their willingness to spend more on advanced healthcare services have encouraged the improvement and up-gradation of healthcare infrastructure and medical facilities. This is also adding impetus to the market.
COVID-19 Impact Analysis on the Global Medical Ventilator Market
The COVID-19 outbreak has stressed healthcare workflows all over the world. The disease has caused a number of industries to temporarily shut their doors, including several health-care sub-domains. Meanwhile, there has also been a positive impact and a growing demand for various medical sectors, including intensive care units (beds, ventilators, etc.), healthcare personal protective equipment, and others.
A medical ventilator is one of the primary devices used to treat COVID-19. There has been a huge increase in demand for medical ventilators for COVID-19, forcing different manufacturers to bolster their production by 30-50%. It was projected that about 77,000 new ventilators were necessary to meet global demand in 2019. Whereas in April 2020, around 30,000 additional ventilators were needed in New York City itself. Several major players are pushing for the development and distribution of as many ventilators as possible around the world.
Major players operating in the Global Mechanical Ventilators Market include Becton, Dickinson and Company, Koninklijke Philips N.V., Draeger Medical GmbH, Hamilton Medical AG, GE Healthcare, Medtronic, Fisher & Paykel Healthcare Limited, Acoma Medical Industry Co. Ltd., Macquet GmbH & Co. KG, Philips Respironics Inc., Smiths Medical, Teleflex Inc., Carl Reiner Gmbh, ResMed Inc., Getinge AB, Mindray Medical International Limited, ZOLL Medical Corporation, Nanjing Chenwei Medical Equipment Co. Ltd., Allied Healthcare Products, Inc., Schiller Healthcare India Pvt. Ltd., among others.
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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