Breathing Machines Market size was estimated at $17,124.8 Million in 2019 and is expected to reach $36,004.7 Million by 2027, growing at a CAGR of 11.2% during the forecast period of 2020 to 2027.
A breathing machine or a ventilator is a machine that is connected to a patient that can not breathe in order to support the functioning of the lungs. The machine works by pumping oxygen into the lungs via a tube that goes from the nose or mouth into the lungs. The majority of hospitals have access to these machines, especially in the surgical ward.
There has been a huge increase in breathing machines as there is an increase in coronavirus patients. Due to the fact that the virus affects the lungs and respiratory system more and more hospitals are needing breathing machines to compensate for the growing amount of patients in need. Also due to the increase in medical surgeries that take place yearly, there has been an increase in demand for these machines to support patients under anesthesia.
The problem with this increase is that suppliers aren’t able to meet the demand which leaves hospitals with shortages of breathing machines. This could be a problem as if a hospital doesn’t have enough of these machines they may have to delay surgeries and ration out the machines based on need. Meaning certain patients may not get the treatment they need and cause some conditions to worsen.
Breathing Machines Market Growth and Trends
Breathing machines facilitate overcoming the inability to breath normally where people suffer from ailments such as asthmatic conditions, lung cancer, and chronic obstructive lung disease, which creates high demand for these machines. In the last several years, the global market of breathing machines has developed rapidly, and the global average price of breathing machines has been decreasing thus making them more affordable and raising demand. Asthma nebulizers, ventilators, PAP machines, and oxygen concentrators are widely used in hospitals, clinics, and home healthcare. The highest use of breathing machines is in the home healthcare segment as observed. Following USA, Europe happens to have the second largest consumption base. Spiralling number of respiratory disorders, such as asthma, pneumonia, tuberculosis, lung cancer, and COPD, and increasing number of surgeries are anticipated to drive the growth of the global breathing machines market. As per the World Health Organization estimates, by 2030 the four potentially fatal respiratory diseases including pneumonia, COPD, lung cancer, and tuberculosis will account for around one in five deaths across the globe, thus generating accelerated demand for breathing machines, and leading to exponential market growth. The rise in lifestyle disorders such as high smoking prevalence is a major cause adding to the incidence of lung-related diseases, especially COPD which is highly instrumental in fostering demand for these high utility machines which are now portable as well.
However, some drawbacks of breathing machines that have been identified are discomfort while sleeping, discomfort in the throat, and damage to vocal cords. Some complications of using breathing machines may include infection, for which constant medical care is necessary when a breathing machine is being used. These factors are possible hindrances to market growth. However, with growing technology and advancement in medical research, these deterrents are most likely to be controlled in the future.
Breathing Machines Market Competition
Key companies operating in this industry are Resmed,Philips Healthcare, Medtronic, BD, GE Healthcare, Teijin Pharma, Drager Medical, Fisher & Paykel, Invacare, PARI, Mindray, MEKICS, Yuwell, ORMON, Air Liquide, Weinmann and Maquet.
• Breathing Machines Market Revenue Estimation and Forecast (2020 – 2027)
• Production Estimation and Forecast (2020 – 2027)
• Sales/Consumption Volume Estimation and Forecast (2020 – 2027)
• Breakdown of Revenue by Segments (2020 – 2027)
• Breakdown of Production by Segments (2020 – 2027)
• Breakdown of Sales Volume by Segments (2020 – 2027)
• Gross Margin and Profitability Analysis of Companies
• Business Trend and Expansion Analysis
• Import and Export Analysis
Breathing Machines Market Segmentation
Product Outlook (Revenue, USD Million, 2020 - 2027)
• Asthma Nebulizers
• PAP Machines
• Oxygen Concentrator
Application Outlook (Revenue, USD Million, 2020 - 2027)
• Hospitals & Clinics
• Home Healthcare
Country (Revenue, USD Million, 2020 - 2027)
• United States
• South Korea
• Rest of Asia Pacific
• Rest of Europe
• Rest of South America
Middle East and Africa
• Saudi Arabia
Breathing Machines Market Companies
• Philips Healthcare
• GE Healthcare
• Teijin Pharma
• Drager Medical
• Fisher & Paykel
• Air Liquide
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