Report Overview

The growth of the United States ventilator market is attributable to the developed healthcare infrastructure in the country. Additionally, the increasing prevalence of respiratory illnesses is also bolstering the demand for ventilators across the country due to COVID-19 outbreak.

United States Ventilator Market- Industry Trends & Forecast Report 2028

The United States ventilator market is projected to grow at a CAGR of 5% during the forecast period (2022-2028).  A strong growth trend is evident in the United States healthcare market due to the developed healthcare infrastructure and the high medical expenditure in the country. Furthermore, an unprecedented COVID-19 outbreak in the country significantly amplified the demand for ventilators in hospitals to manage the growing COVID-19 infection cases. Researchers estimate that in the United States each year, more than 300,000 people are mechanically ventilated.

Ventilator- A Brief Overview

A ventilator or a respirator is a medical device that can move air from the lungs into the body when a patient is unable to breathe. This breathing machine is a microprocessor-controlled device prominently used in hospitals in intensive-care units, emergency units, as well as in home-care settings. Prescribed amount of oxygen is delivered to the patient's lungs by the ventilator, controlled by a physician or respiratory therapist. The demand for ventilators in the United States surged during the pandemic as an increasing number of COVID-19-infected people required oxygen supports.

United States Ventilator Market Forecast and Trends

Growth Drivers

Rising Prevalence of Respiratory Diseases

The burden of respiratory diseases in the United States is rising at an alarming rate. According to the data by the Healthy People Program, more than 25 million people in the United States have asthma and around 14.8 million adults have been diagnosed with COPD (Chronic Obstructive Pulmonary Disease). It is estimated that approximately 12 million people with suspected COPD and other respiratory conditions have not yet been diagnosed. Thus, the growing prevalence of respiratory illnesses is fueling the hospital admission rates in the United States, thereby driving the demand for ventilation as they require external respiratory support.

Technological Advancements in Ventilators

To meet the changing medical requirements, ventilator companies and the US government have been investing a great deal in innovating and improving their products. For instance, the new ventilators are now powered by complex closed-loop technologies. According to a report published on PubMed, these systems control the output variable of the mechanical ventilator based on the measurement of an input variable. Other types of modes such as adaptive support ventilation or noisy pressure support ventilation are also being launched. Such developments are anticipated to present lucrative growth opportunities to the United States ventilator market growth.

Restraints

Surplus in Ventilator Production in The United States

The sudden spike in the COVID-19 patients in the United States and estimated deaths due to the shortage of ventilators in the healthcare facilities lead to panic production by the ventilator manufacturers. According to a report by the Washington Post, various multinational corporations, such as General Motors, Ford, Philips, and others boosted their production capacity and expanded their distribution channel, in the course of which, the COVID-19 treatment method changed. As a result, a high number of ventilators went unused. This is emerging as a major challenge for the United States ventilator market to overcome.

Impact of COVID-19 on the United States Ventilator Market

The unprecedented COVID-19 pandemic significantly proliferated the growth of the United States ventilator market. In hospitals and emergency rooms, the demand for ventilators exploded, especially for patients with severe chronic disease who needed additional oxygen to prevent their respiratory condition from worsening. Since the COVID-19 directly impacts and damages the alveoli, non-invasive ventilators are being recommended to patients that have high chances of developing acute respiratory distress syndrome. With a significant surge in the market demand for ventilators, the companies also invested in expanding their production capacities, which proliferated the market growth.

United States Ventilator Market - By Mobility

Based on mobility, the United States ventilator market is segmented into intensive care ventilators, and portable/transportable ventilators. The intensive care ventilator segment holds the largest share in the United States ventilator market. Due to the rise in ICU admission in hospitals and loss of functional capacity of certain organs or severe acute illnesses, the intensive care ventilator is also expected to grow at a very high rate during the forecast period as well. Furthermore, the high number of COVID-19 patients requiring in-patient care fuels the demand for intensive care ventilators.

United States Ventilator Market - By Interface

Based on interface, the United States ventilator market is segmented into invasive ventilation and non-invasive ventilation. Non-invasive ventilation holds the largest market share as several studies have revealed that this type of interface is associated with better long-term survival. It only involvs air delivery through a sealed mask that is placed over the mouth, nose, or whole face. The non-invasive ventilation also proved to be a more viable option during the COVID-19 pandemic as it prevented the virus and nosocomial infection from spreading. During the pandemic, noninvasive ventilation (NIV) was increasingly used to treat dyspnea and hypoxemia in patients infected with COVID-19.

United States Ventilator Market - By Type

Based on types, the United States ventilator market is segmented into adult/pediatric ventilators and infant/neonatal ventilators. The adult segment accounted for the largest market share in 2021 because of the increasing prevalence of respiratory issues, such as asthma and COPD, along with high cases of COVID-19 infections and in-patient treatment of adults across the United States. However, the infant/neonatal ventilators segment is anticipated to witness the highest CAGR during the forecast period because of rising cases of premature births in the United States.

United States Ventilator Market - Competitive Landscape

The leading players in the United States ventilator market are Airon Corporation, Becton Dickinson and Company, Bio-Med Devices, Inc., Bunnell Incorporated, Cardinal Health, GE Healthcare, Hartwell Medical Corp., Hillrom, Oceanic Medical Products, Inc., United Hayek Industries, Inc., and other prominent players.

The United States ventilator market is highly consolidated and competitive due to the presence of industry giants who lead the market in terms of investment and innovations. To cope with rapid changes in the medical field, market players launch new products with advanced technologies on a regular basis. In addition, they are investing heavily in expanding their production capacity to meet the growing demand for ventilators in the wake of the COVID-19 pandemic. Furthermore, the adoption of competitive strategies such as partnerships, mergers, acquisitions, joint ventures, etc., is also prominent in this market.

Recent Development

• In October 2021, Movair, a leading medical technology manufacturer, announced the launch of Luisa in the US, an advanced ventilator designed to provide invasive and non-invasive ventilation for both importable and portable applications.

Scope of the Report:

By Mobility

• Intensive Care Ventilators

1. High-End ICU Ventilators
2. Mid-End ICU Ventilators
3. Basic ICU Ventilators

• Portable/Transportable Ventilators

By Interface

• Invasive Ventilation
• Non-Invasive Ventilation

By Type

• Adult/Pediatric Ventilators
• Infant/Neonatal Ventilators

By Mode

• Combined-Mode Ventilation
• Volume-Mode Ventilation
• Pressure-Mode Ventilation
• Other Modes

By End-User

• Hospitals & Clinics
• Home Care
• Ambulatory Care Centers
• Emergency Medical Services