Hidradenitis Suppurativa Market Size, Share, Demand, Financial Overview, Key Developments, Swot Analysis and Forecast to 2027

 Hidradenitis suppurativa is a rare, inflammatory skin condition that begins as small and painful pimples on the skin. This medical condition is most common between the ages of 20-40 years. Prevalence of hidradenitis suppurativa is three times more common in females than in males.

Increasing cases of various skin diseases are key driver for the global hidradenitis suppurativa market. FDA (U.S. Food and Drug Administration) approvals for drugs and clinical trials are major factor for the growth of the market. Over the past few years, due to increasing knowledge of the disease, and introduction of new drugs and treatment options, the market is continuously growing.

The Global hidradenitis suppurativa market is growing at the CAGR of ~4.2% during the forecast period and expected to reach USD 763.6 million by 2023.

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Increasing cases of various inflammatory skin diseases that may lead to Hidradenitis Suppurativa is a primary driving force expanding the market size its treatments. Simultaneously, FDA approvals for drugs and clinical trials are another major factor supporting the growth of the market.

The well-spread awareness about this disease and the availability of its treatments alongside the emergence of new drugs and treatment options is fostering the market growth over the past few years. Also, the environmental changes such as depletion of ozone layers and pollution are predominantly fuelling the market growth, increasing the occurrences of Hidradenitis Suppurativa.

On the flip side, factors like unmet medical needs & drug resistance along with the treatment cost obstruct the market growth. However, technological advancements took place in the medical science due to the substantial investments transpired in the R&D activities propel the market growth of the disease, bringing about the innovation & development of the medical devices, treatments & medicines.

Additionally, increasing population and growing urbanization along with the improving economic conditions that are enabling access to the quality and improved healthcare are expected to provide impetus to the growth of the Hidradenitis Suppurativa market.

Hidradenitis Suppurativa Market - Segmentations

MRFR has segmented its analysis into four key dynamics for enhanced understanding.

By Skin Conditions : Pimples, Folliculitis (Bacterial Folliculitis, Hot Tub Folliculitis (Pseudomonas Folliculitis), Barber's Itch (Pseudofolliculitis Barbae), Pityrosporum Folliculitis, and others), Deep-Acne (Cysts and Blackheads), and Boils (Furuncle Or Carbuncle, Cystic Acne, Pilondial Cyst, and others.), among others.

By Treatments       : Medications (Antibiotics, Antiandrogens, Immunosuppressive Drugs, Hormones, Pain Medication, Zinc Supplements, Sulphones, Retinoids, and others.), Surgery (Punch debridement, Incision and drainage, surgical removal, issue-sparing excision with electro-surgery, and others.), Laser Treatment, and Photodynamic Therapy (PDT), among others.

By End-users                       : Hospitals, Dermatology Clinics, Medical Research Centers, and Academic Institutes, among others.

By Regions              :  Europe, North America, APAC, and the Rest-of –the-World.

Global Hidradenitis Suppurativa Market - Regional Analysis

Globally, North America leads the global Hidradenitis Suppurativa market with the largest market share and is estimated to create a significant revenue pocket over the forecast period as well. Factors driving the market growth include a well-developed healthcare sector and the huge patient population suffering from various skin diseases and related medical complications. 

Besides, the changing lifestyle and increasing expenditures on cosmetics are some of the factors supporting the market growth.  The widened uptake of new technologies especially in the US is key driving factor acting as a tailwind to the market growth.

Expected to be the second-largest market for Hidradenitis Suppurativa, the Europe market is estimated to grow at a strong CAGR.  The resurging economy in the region is undoubtedly acting as a key force pushing up the growth of the regional market. 

Also, availability of funds for research, a vast patient population and increasing teenage population within the region are some of the key factors supporting the market growth in the region. West European countries like France, Germany, and the UK are accounting for significant contributors to the regional market, holding considerable market shares.

The Asia Pacific market for Hidradenitis Suppurativa is projected to emerge as a promising market, growing rapidly over the forecast period (2017 to 2023).  Markets in India and China backed by the vast population, and the availability of low-cost medications for the treatment are leading the regional market.

Furthermore, the increasing prevalence of Hidradenitis Suppurativa and rapidly increasing healthcare sector are some of the factors propelling the market growth in the region. Simultaneously, the vast unmet needs are expected to provide impetus to the market growth over the assessment period.

Whereas, due to the presence underdeveloped economies, lack of healthcare services and stringent government policies especially in the African region, the MEA market for Hidradenitis Suppurativa is estimated to observe a sluggish growth during the review period (2017 to 2023).  On the other hand, the GCC countries (Middle Eastern) such as UAE, Saudi Arabia, and Kuwait will boost the market growth with their well-developed healthcare sector and the colossal healthcare expenditure.

Global Hidradenitis Suppurativa Market   - Competitive Analysis

The global market for Hidradenitis Suppurativa appears intensely competitive with the several large and small players forming a competitive edge in the market incorporating strategic partnership, collaboration, acquisition, expansion, and technology launch.  Significant investments are transpired in clinical trials and the development of effective drugs.

Key Players:

Allergan (Republic of Ireland), AbbVie Inc. (US), AstraZeneca (UK), Johnson & Johnson Services, Inc. (US), GlaxoSmithKline plc. (UK), Merck & Co., Inc. (US), and Pfizer Inc.(US)  are some of the leaders in the global Hidradenitis Suppurativa market. 

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Global Electrotherapy Market 2020 Industry Key Players, Trends, Sales, Supply, Demand, Analysis & Forecast By 2027

 Electrotherapy is a therapy which uses electrical impulses for soft tissue injuries, stimulate muscles and improve muscle strength and sensation. There are different use of electrotherapy such as pain management, cardiology, tissue repair, urine and fecal incontinence. Increasing use of electrotherapy by physiotherapist and sports person is driving the growth for the market. Technological advancement and innovation are some other major driving factors which supports the market growth. Some electrotherapy devices are also useful for weight loss. Increasing funding for new product development and rise in the new product launches is creating better competitive environment and also boosting the market for electrotherapy. 

The Global Electrotherapy market is growing at the CAGR of ~4.2% during the forecast period and expected to reach US$ 1119.1 million by 2023.

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The upsurge in the number of cases related to soft tissue injuries and muscles impairments are increasing the demand for electrotherapy devices. The electrotherapy market is expected to gain substantial traction due to the increased inclination of customers towards drug-free methods of treatment. Furthermore, the awareness of the benefits of electrotherapy is anticipated to provide more avenues for growth in the upcoming forecast period.

Segmental Analysis

The electrotherapy market has been segmented on the basis of type, devices, application, and region. On the basis of type, the market is segmented into Interferential, Extracorporeal Shock Wave Therapy, Magnetic Field Therapy (Pulsed Electro-Magnetic Field Energy, Constant Energy Magnets), Transcutaneous Electrical Nerve Stimulation (TENS) Therapy (Intense TENS, Conventional TENS, Acupuncture-like TENS (AL-TENS)), Ultrasound Therapy, and others. The segmentation on the basis of devices comprises of Electronic Muscle Stimulator (EMS), High Voltage Pulsed Galvanic Stimulator (HVPGS), Transcutaneous Electrical Neural Stimulator (TENS), Interferential Stimulator (IF), Microcurrent Stimulator (MC) or Microcurrent Electrical Neuromuscular Stimulator (MENS), among others. The segmentation of the electrotherapy market on application basis comprises of orthopedics, cardiology, urology, pain management (chronic fatigue, chronic pain, migraine headaches, diabetic nerve pain, wound healing, stimulating bone growth), Chronic and Acute Edema among others. The regions covered in the market are Europe, North America, Asia Pacific, Africa, and the Middle East.

Detailed Regional Analysis 

The regional analysis of the electrotherapy market comprises of regions such as North America, Europe, Asia Pacific, Africa, and the Middle East. The North American region is the major market for electrotherapy. In the North America region, the US controls a major market share while the European market is the next major region in the market. The growth rate is relatively higher in west European countries. Conversely, the Asia Pacific region is a rapidly growing market and is anticipated to control the market by the year 2023. The Middle East and African region are expected to have restrained growth in the market owing to a low-level awareness of the devices and treatment. 

Competitive Analysis

The plan formulation process in the market has become significantly easier in which deviations are well accounted for; this approach increases the overall success of these plans in the market. The leadership trends in the market are reinforcing the level of growth that can be achieved in the present market scenario. The alterations seen in terms of strategy execution and creation are altering the development pace of the market. The evolution patterns are revised in tandem to the customer likings to realize the greatest growth, and in the long run, viability. The framework for growth plans also has stimulated the market for potential new entrants. The market contenders are making considerable adjustments to minimize the incidence of competitive disadvantage. The market is also well equipped to meet the challenges and keep up with the dynamic growth trends effectively. The noteworthy competitors in the electrotherapy market are Eme srl (Italy), BTL (Czech Republic), EMS Physio Ltd. (UK), Medtronic (Republic of Ireland), Enraf-Nonius B.V.(Netherlands), Pure Care (US), gbo Medizintechnik AG (Germany), Phoenix Healthcare (UK), Omron Healthcare, Inc. (US), Walgreen Co. (US), STYMCO Technologies, LLC (US) and others

Industry Updates:

Jan 2018 Omron lately introduced its first wireless at-home drug-free pain management device, Avail, which is an FDA-cleared TENS device designed to provide symptomatic relief and management of acute and chronic pain. Avail is fully wireless and uses two contoured pads that permits users to treat multiple pain sites simultaneously.

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Patient monitoring devices Market 2020 Analysis, Industry Size, Share Leaders, Current Status by Major vendors and Trends by Forecast to 2027

 Market Scenario:

Patient monitoring devices in this report refer to the sensors which are used in smart wearable devices. Global Patient monitoring devices market is driven by increasing demand of wearable for infants and continuously evolving sensor technology. With increasing personal care and health consciousness, for tracking biometrics such as calories burnt, heart rate and others, the demand for wearable fitness trackers and other wearable is increasing. Rapid expansion of internet of things (IoT) is driving demand of Patient monitoring devices in various application areas such as healthcare and fitness, consumer electronics and others.

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Market Highlights

The global Patient monitoring devices market has been evaluated as steadily growing market and it is expected that the market will continue to grow similarly in the near future. These monitoring devices continuously check patient’s vital signs by using a medical monitor. Patient monitoring devices market has various functions such as glucose monitoring, blood monitoring, temperature monitoring, cholesterol monitoring, weight monitoring etc. Electrocardiography is fastest growing sub-segment, it is largest in cardiac monitoring market and fastest growing in neurological device. Electrocardiography is the process that checks for problems with the electrical activity of your heart. Electrocardiography is very helpful to diagnose unexplained chest pain or pressure, cause of symptoms of heart disease, to check how well medicines are working and see if they are causing side effects that affect the heart. Increase in consumer awareness is driving the market growth which expected to grow in same pace in near future. Patient monitoring devices manufacturers trying to make more advance, accurate and innovative device to provide desirable solution.

Global Patient monitoring devices market is segment into two major segments and its sub-segments such as based on type, based on product type and based on end user. Global Patient monitoring devices market is expected to reach USD 23.4 billion by 2022 at a CAGR of 5.7%. North America is the largest market for patient monitoring devices while Asia-Pacific region is fastest growing. Europe is second largest market for patient monitoring device and expected to grow steadily during forecasting period.

Global Patient monitoring devices Market Players:

There are plenty of large and small market players which operate in this market all over the globe. GE Healthcare, Roche Diagnostics, BIOTRONIK SE & Co. KG, Abbott Laboratories, Siemens Healthcare, Philips Healthcare, CAS Medical Systems, Inc., Spacelabs Healthcare, Honeywell International, Inc., Shenzhen Mindray Bio-Medical Electronics Co.

Regional Analysis:

Depending on geographic region, Patient monitoring devices market is segmented into four key regions: Americas, Europe, Asia-Pacific, and Middle East & Africa. Considering the global scenario of the market, North America comprise largest market share in global Patient monitoring devices market. Moreover, the European market is also growing continuously. On the other hand, Asia-Pacific market is expected to grow at the fastest pace and rapidly in the Patient monitoring devices Market segment during the forecasted period. Middle East & Africa region are likely to have a limited but steady growth in the market.

Segmentation:

Patient monitoring devices Market has been segmented on the basis of product type which comprises of Central monitoring stations, Portable bedside monitors, Electrocardiogram (ECG) Devices, Hemodynamic Monitoring Devices, Fetal and neonatal monitors, Respiratory Monitors, Weight management monitors, Temperature monitoring devices, and others. On the basis of end user, the market is segmented into Hospitals and clinics, Ambulatory care centers, Home care and others.

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Soaring Demand Drives Global Orthopedic Trauma Devices Market Growth During the Forecast Period, 2020-2027

 The global orthopedic trauma devices market is expected to register an approximate CAGR of 8% during the forecast period. Devices used to treat traumatic orthopedic injuries are termed as orthopedic trauma devices. The most common orthopedic injuries are distal radius fracture, stress fractures, rotator cuff tear, shoulder dislocation/labral tear, meniscus tear, anterior cruciate ligament (ACL) tear, and others. The increase in a number of accidents and severe fracture incidences are key factors for the market growth. According to the Association for Safe International Road Travel (ASIRT) approximately, 3,287 people die every day due to road accidents and 20 to 50 million are injured. It also mentioned that if actions are not taken, road accidents can be among the top five causes of death by 2030. Such high incidences of road accidents drive the market growth. Furthermore, technological advancements, increase in adoption of minimally invasive surgical procedures, increased prevalence of osteoarthritis, and orthopedic sports injury are also expected to drive the growth of the orthopedic trauma devices market.

However, factors such as high cost of orthopedic surgeries and the prevalence of product recalls are expected to hinder the market growth during the forecast period.

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Market Segmentation

The global orthopedic trauma device market is segmented on the basis of material type, product type and end-users.

The material types in the market are bio-absorbable materials, non-absorbable materials and others. The applications of bio-absorbable implants in orthopedic surgery are primarily mandated from the need to eliminate implant removal operations, thus gaining widespread popularity among orthopedic surgeons. Consistent development and product enhancement have given significant push to the bio-absorbable materials segment in the global market.

The product types in the global market are screws, plates, patient specific implants and others. The market for screws is expected to retain a massive share of the market due to favorable reimbursement policies and its wide array of applications in orthopedic surgeries. Moreover, benefits of orthopedic screws make them highly favorable, such as non-interference with MRI, decreased incidence of graft laceration and do not need implant removal. The end-users in the global market include hospitals, rehabilitation centers, clinics and others.

Regional Analysis

Globally, North America currently occupies the largest market for global orthopedic trauma devices market and is bound to secure its top position in the global market throughout the forecast period. Soaring use of bio-absorbable plates and screws is mainly fuelling the orthopedic trauma devices market in the region. Also, the region is witnessing robust sales of hybrid plates and screws, which will work in favor of the market growth in coming years. On top of that, intramedullary nails are steadily gaining traction in the majority of orthopedic surgeries owing to their increasing popularity as an ideal orthopedic trauma device for various anatomies, in the region.

Closely following the North America region stands the region of Europe, securing the second position in the global orthopedic trauma devices market. Trending incorporation of robotics technology during orthopedic surgeries is presumed to push the market in the region. The market also thrives on the back of constantly flourishing medical industry with well-established healthcare infrastructure.

According to the report, the Asia Pacific region is projected to be the fastest growing market. On the backdrop of an expanding market in developing nations in the region, flourishing medical tourism will continue to trigger the market for orthopedic trauma devices. Moreover, growing preference for minimally invasive fixation is expected to provide a tremendous thrust to the regional market as well. Growing geriatric population and increasing number of cases of injuries and road accidents also help the market captivate the region to a large extent.

The Middle East and Africa markets are exhibiting a positive outlook in terms of market expansion. This can be attributed to manufacturers consistently investing in research and development (R&D) activities to develop innovative and efficient devices, to cater to the growing demand. Large number of R&D activities is presumed to ensure enhanced growth opportunities during the forecast period. Moreover, increasing awareness regarding availability of innovative products among patients is pushing the market to higher levels in the region.

Key Players

Some of the key players in this market are: Invibio (UK), BIOTEK (India), DePuy Synthes Companies, Ortho Max Manufacturing Company Pvt. Ltd., Auxein Medical (India), Stryker, Johnson & Johnson Services, Inc. (US), Smith & Nephew, MEDTRONIC, B. Braun Melsungen AG and others.

Industry Developments

In June 2018, CoreLink acquired Expanding Orthopedics, a privately held medical device developer. The acquisition provides CoreLink with many benefits including growth in the inter-body product category along with growth in the portfolio of innovative orthopedic technology for advanced spine care. The acquisition will also boost the appeal of CoreLink’s recently launched FLXfit and FLXfit 15 titanium interbody systems.

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mHealth Market: Information, Figures and Analytical Insights 2020-2027

 The global mHealth market is one of the fastest growing industries, owing to the changing dynamics of the legal and regulatory workflow and the intense competitive rivalry among large number of public companies. Mobile health (mHealth) is also one of the most modernized trends in the healthcare industry that has shown tremendous progress in the last few years. This trend is observed due to the increasing growth of personal health devices, which can be easily worn or used with a smartphone or tablet. The various factors that influence the growth of mHealth market are patient’s involvement in personal healthcare, implementation of smartphones and wearable devices into healthcare industry, integration of wireless technologies with healthcare devices that are portable, benefits of Cost effectiveness and patients’ convenience and Increase in lifestyle diseases. Globally the market for mHealth is expected to grow at 36.5% CAGR (2016-2022).

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The factors constraining the market are low mobile and network coverage in developing and poorer regions of the world, lower accuracy, poor penetration of smart devices, nascent technology in underdeveloped economies, limited reimbursement, lack of technological awareness among the ageing population, concerns over information security and privacy and others.

A careful analysis of the factors reveals the following;

• Poor network coverage and quality represent the most critical factor restraining the market
• Technological development in the mobile device and information management systems represent the critical opportunity factor for the market
• Growing mobile device affordability and awareness are the critical driving factors behind the market growth. According to Pew research, 78% of adults under 30 own a laptop or desktop computer, compared with 88% in 2010. Smartphone ownership, is very high at 86% of in 2015 in the age group of 18- to 29-year-olds.

The global mHealth market is projected to reach USD 21.71 billion by 2022, growing at a CAGR of 35.65% during the forecast period.

mHealth Market is segmented by devices, services, technology and applications. The device segment is sub segmented into blood glucose meters, BP monitors, pulse oximetry, neurological monitoring, wearable fitness sensor device, heart rate meters and others. The services segment is sub segmented into diagnosis, monitoring, prevention, treatment, and others. The application segment is sub segmented into cardiovascular, respiratory, neurological, genetic diseases and others.

The largest players in the mHealth market are Apple, AT&T, AirStrip, Boston Scientific, CardioNet, Athena health, Sanofi, Fitbit, Telcare, Zephyr Technology and others

Regional outlook

While mHealth grew out of industrialized nations, the field has shifted in favour of the developing countries, stemming from the rapid rise of mobile phone penetration in low-income nations. For example, in a study conducted by Pew research in contrast to a median of 45% across emerging and developing countries reported using the internet occasionally in 2013, the number in 2015, rose to a whopping 54%. The largest growth has been reported from large emerging economies such as Malaysia, Brazil and China. The comparative figures in 2015 was 87% for advanced economies such as U.S. and Canada, major Western European nations, Australia, Japan etc.

Another example can be seen in the falling divide for smartphone ownership between developing and developed economies. Smartphone ownership rates in emerging and developing nations climbed from a median of 21% in 2013 to an eye watering 37% in 2015. There also is an effect of the demographic dividend that is paying well for the market as in nearly every country, millennials are much more likely to be internet and smartphone users compared with those ages 35 and older. Other findings reveal that smartphone ownership rates have skyrocketed in many countries since 2013. This includes increases of over 25 percentage points among the economies of Turkey, Malaysia, Chile and Brazil.

In a number of emerging and developing countries, more people have access to the internet and are also using it more frequently. In 12 emerging nations surveyed in 2014 and 2015, there were significant increases in the share of adult internet users who say they access the internet several times a day, including in Nigeria (+20 points), Ghana (+19) and China (+13). Thus developing region nations are likely to be the leaders in mHealth market in the near future.

However Africa remains a dark continent for the mhealth market due to its poor socio economic conditions. The countries with the least smartphone ownership rates are Tanzania (11%), Uganda (4%) and Ethiopia (4%).

Social issues

Gender gaps and digital divide are raging issues that have been not analysed to the degree they demand. Men are more likely than women to use the internet and these differences are especially stark in African nations. Large gender gaps also appear on smartphone ownership with men being more likely to own a smartphone in many countries, in developing regions. The applications of mHealth also reflect the social reality. mHealth is restricted to dissemination of information, whereas the developed world is moving towards connected healthcare and big data applications.

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ADHD Therapeutics Market 2020 Analysis, Industry Size, Share Leaders, Current Status by Major vendors and Trends by Forecast to 2027

 ADHD Therapeutics Market is expected to exhibit significant growth over the forecast period. The market was valued at approximately USD 19.7 billion in 2018 and is projected to register a 6.8% CAGR over the forecast period.

Attention-Deficit/Hyperactivity Disorder (ADHD) is a brain disorder, in which there is an ongoing pattern of inattention and/or hyperactivity-impulsivity that interferes with functioning or development.

Factors such as the rising prevalence of ADHD, rising use of additives & preservatives in children’s diet and increasing awareness regarding ADHD are expected to propel the growth of the market.

The existence of comorbid conditions in children leads to underdiagnoses of ADHD. This factor hampers the market growth during the forecast period. Moreover, limited availability of non-stimulant drugs is expected to adversely affect the market.

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Market Drivers and Restraints:

The symptoms of ADHD such as lack of attention, hyperactivity and impulsivity hamper proper functioning and development of an individual. Increasing awareness regarding neurodevelopmental disorders and easy availability of diagnostic guidelines over the internet is projected to boost the growth of the global ADHD therapeutics market.

Changing lifestyles and value systems along with the factors like genetic inheritance and premature birth are resulting to the rise in prevalence of ADHD among children in the age group of 4-17 years, which in turn is propelling the growth of the global ADHD therapeutics market. Increasing availability of online platforms for therapists that assure anonymity of the patient is inclining more individuals towards undergoing therapeutic treatment for ADHD, which in turn is fueling the expansion of the global ADHD therapeutics market

However, underdiagnosis of ADHD due to the existence of comorbid conditions in children, lack of awareness and low availability of non-stimulant drugs to treat ADHD in various regions are likely to hamper the expansion of the global ADHD therapeutics market during the forecast period.

Market Segmentation:

The global ADHD therapeutics market has been segmented on the basis of drug type and distribution channel. Based on drug type, the ADHD therapeutics market is segmented into stimulants and non-stimulants. The stimulants segment is sub-segmented into amphetamine, methylphenidate, dextroamphetamine, lisdexamfetamine and others. The non-stimulants segment is sub-segmented into atomoxetine, bupropion, guanfacine and clonidine

Based on distribution channel, the ADHD therapeutics market is segmented into hospitals, clinics, pharmacies, research laboratories and others.

Regional Analysis:

Geographically, the global ADHD therapeutics market is segmented into four major regions such as North America, Europe, Asia Pacific and the Middle East and Africa. The ADHD therapeutics market in the North America region accounts for the dominant share in the global ADHD therapeutics market owing to the increasing prevalence of ADHD in the children and high healthcare expenditure by the population in this region. The ADHD therapeutics market in the Europe region is projecting significant growth owing to the increased research and development for the introduction of more effective drugs in this region. The Asia Pacific region is anticipated to grow at a notable pace in the coming years due to increased awareness regarding ADHD and its available treatments. Whereas, the Middle East and Africa region is projecting steady growth in the global ADHD market owing to the low awareness and poor primary health care in the underdeveloped areas of this region.

Industry Updates:

In August 2018, Ironshore Pharmaceuticals & Development, Inc., a subsidiary of Highland Therapeutics Inc., has received FDA approval for the New Drug Application for Jornay PM (methylphenidate) which was formerly known as HLD200 which is used for the treatment of ADHD in patients of the age six and older

In August 2018, FDA has issued a Complete Response Letter (CRL) to Sunovion Pharmaceutical asking for further clinical data to evaluate the efficacy of dasotraline, the ADHD drug.

Key Players:

The prominent players profiled by MRFR in the report on the global ADHD therapeutics market are Concordia International Corp., Eli Lilly and Company, Highland Therapeutics Inc., Janssen Global Services LLC, NEOS Therapeutics Inc., Novartis AG, Noven Pharmaceuticals Inc., Pfizer Inc., Shire, Teva Pharmaceutical and others.

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Medical Ventilator Market 2020 Analysis, Industry Size, Share Leaders, Current Status by Major vendors and Trends by Forecast to 2027

 Medical Ventilator Market is expected to register a CAGR of 4.14% to touch USD 3,605.82 Million from 2019 to 2027 as per a new Market Research Future report. A medical ventilator is a medical device that assists a patient in exchanging oxygen and carbon dioxide mechanically. It is designed to provide inhaling for a patient unable to breathe. Medical ventilators offer artificial respiration for ill patients with a coma, cystic fibrosis, a spinal cord injury, stroke, chronic obstructive pulmonary disease (COPD), or a loss of consciousness.

COVID-19 Analysis of Medical Ventilator Market 

The COVID-19 pandemic has been laboring healthcare systems across the globe. The COVID infection has forced numerous industries to close their doors, with many healthcare subdomains going out of operation temporarily. The pandemic has also positively shaken and augmented demand for diverse medical sectors, such as intensive care unit devices, healthcare personal protection equipment, etc. A medical ventilator is a vital device that has seen increased demand due to its shortage for the treatment of COVID-19. There has been a remarkable expansion of demand for medical ventilators, compelling producers to boost their manufacturing capacities by 30-50% at the behest of several government bodies worldwide who are grappling to deal with the pandemic effectively.

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Segment Analysis

The global medical ventilator market has been segmented based on portability, interface, technology, application, and end user. The global medical ventilator market, by portability, has been segmented into stationary ventilators and portable ventilators. The global medical ventilator market, by interface, has been segmented into invasive and non-invasive. The global medical ventilator market, by technology, has been segmented into automated and mechanical. The global medical ventilator market, by application, has been categorized into critical care, neonatal care, emergency care, and others. The global medical ventilator market, by end-user, has been divided into hospital and clinics, home care settings, and others.

Regional Analysis

The Americas dominated the medical ventilator market in 2019 and is likely to continue to command during the assessment period. This can be attributed to the high prevalence of respiratory disorders and product launches and acquisitions by key players in this region. For instance, in April 2020, Philips launched its Respironics E30 ventilator used in ICU units to treat COVID-19 patients. This product launch helped the company increase its market share in the global market. Additionally, in October 2017, Vyaire Medical, Inc. acquired Revolutionary Medical Devices (RMD), a company that is involved in developing products for airway management, to increase its market share in the market. Such developments are likely to boost the growth of the regional market during the forecast period.

Europe held the second-largest position in the medical ventilator market in 2019 owing to the inorganic growth strategies of companies and a well-developed medical industry in the region. Recently, in March 2020, Smiths Medical announced a contract deal with the UK government for manufacturing 10,000 ventilation units to fight the coronavirus pandemic. The company will manufacture the product in its facility in the UK. Similarly, in March 2020, Drägerwerk AG & Co. KGaA and the UK defense contractor Babock signed contract agreements. As per this contract Drägerwerk AG & Co. KGaA will provide ventilators to the NHS. This inorganic growth strategy helps the company strengthen its position in the European market.

Asia-Pacific is expected to register the highest growth rate over the forecast period, 2022 to 2027. This can be attributed to the rapid spread of COVID-19 and increasing product approvals. Recently, April 2020, Biodesign Innovation Labs (India) launched RespirAID, a portable ventilation device for COVID-19 patients. Moreover, companies focus on organic growth strategies to strengthen their product portfolio and presence in the global market. Recently, in April 2020, Nihon Kohden received production and marketing approval for the NKV-550 series ventilator in Japan. Such strategies play a key role in supporting regional market growth.

The growth of the medical ventilator market in the Middle East & Africa has been growing steadily in the past few years. In the Middle East, due to increasing cases of COVID-19, the adoption rate of medical ventilators is high in countries such as South Africa, the UAE, and Saudi Arabia. With the increasing strategic initiatives by private and public firms and organizations, the growth rate is likely to rise in the next few years.

Key Players

Market Research Future (MRFR) Getinge AB (Sweden), GE Healthcare (US ), Vyaire Medical, Inc. (US), Medtronic (Ireland), Drägerwerk AG & Co. KGaA (Germany), Hamilton Medical (Switzerland), Resmed (US), Koninklijke Philips NV (Netherlands), Smiths Medical (US), and Allied Healthcare Products Inc. (US) as the Key Players in the Global Medical Ventilator Market.

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