A transportable medical ventilator is a portable and mobile mechanical ventilator, designed to force air into and out of the lungs, to assist breathing for patients with breathing difficulty. Ventilators are used in intensive care medicine, and emergency medicine and in anesthesia. A pressure ventilator consists of air reservoir, which is compressed for delivery to the patient through a circuit established by a set of valves, and tubes. Ventilators are equipped with monitoring and alarm systems triggered by parameters such as pressure, volume, and air flow.
Transportable Ventilator Market: Drivers and Restraints
The increasing incidence rate of serious diseases needing artificial breathing such as cardiac disorders, pneumonia and serious infections, chronic obstructive pulmonary disease or other lung diseases, trauma, stroke, neuromuscular disorder and others is a critical driver for the global transportable ventilator market. The growing geriatric population is a demographic driver of the market. According to World Health Organization estimates, by 2050, the proportion of the world’s population over 60 years will nearly double from 12% to 22% with 80% of older people living in low- and middle-income countries.
Technological advancements in transportable ventilators such as improvements in design and growing functionality exemplified by smart monitoring and alarm systems triggered by patient-related parameters such as pressure, volume, and flow and ventilator functions such as air leakage, power failure, provisions of backup batteries, oxygen tanks, and remote control systems are driving a faster adoption.
The development of advanced algorithms to allow exact adaptation of pressure and flow characteristics to individual patient’s needs is driving a large upgrading market. Growing capabilities of transportable ventilator and inclusion of fine tuning settings has led to increase in patient comfortable which is driving a demand for advanced transportable ventilator systems.
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The restraints on the global transportable ventilator market include the high cost of the installation and maintenance, damage to the vocal cords, lung damage and others.
Transportable Ventilator Market: Overview
The global market for transportable ventilators is consolidated with a few large players dominating the scene. The monopsony market is reducing competition driving the price higher which is driving the market value but reducing market expanse. The transportable ventilator market trends include a definite shift in favor of developing regions of Asia Pacific, such as India and China. There is also a strong trend of collaboration between large hospitals and third party players owing to the growing expanse of healthcare insurance. The market displays a high value low volume nature which negates economy of scale. Quality rather than cost is the highest value proposition as ventilators are critical life support systems, which drives a demand for high tech advanced transportable ventilator market.
Transportable Ventilator Market: Regional Wise Outlook
The global transportable ventilator market can be classified into the following regions: North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan, Middle East and Africa. North America, led by the U.S., is expected to account for the largest share in the global transportable ventilator market, owing to the concentration of key market players, enhanced purchasing power of healthcare players owing to consolidation of the US healthcare, large research and development expenditure, excellent reimbursement and large per capita income in the region. The large number of intensive care units in the US and Europe is another driver of the market in these regions
Transportable Ventilator Market: Market Participants
Some of the major players operating in the global transportable ventilator market are Medtronic, Hamilton Medical, Bio-Med Devices, Leistung, MAQUET Holding B.V. & Co. KG., Smiths Medical, Koninklijke Philips N.V., Drägerwerk AG & Co. KGaA, ResMed, DEMCON Macawi Medical Systems B.V., Premier Medical Systems & Devices Private Limited, Flight Medical and others.
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