Summary

Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost 100 countries around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt and will significantly affect the Ventilators market in 2020.

COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets.

The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations; travel bans and quarantines; restaurants closed; all indoor events restricted; over forty countries state of emergency declared; massive slowing of the supply chain; stock market volatility; falling business confidence, growing panic among the population, and uncertainty about future.

This report also analyses the impact of Coronavirus COVID-19 on the Ventilators industry.

Ventilator is an important means to treat respiratory failure and an important strategic reserve to fight against the new crown epidemic.

Ventilator is an important means to treat patients with respiratory failure. Ventilator is used for mechanical ventilation to help patients breathe normally. When the patient's respiratory function is abnormal, the ventilator can imitate the human's respiratory rate to send oxygen-containing gases (21% - 100%) into the lungs, and regularly carry out gas exchange to help the patient improve the state of hypoxia and carbon dioxide retention. The medical ventilator is a class III medical device, and the conventional household ventilator is a class II medical device. The invasive ventilator is mainly used to treat the unconscious patients with severe respiratory failure. The non-invasive ventilator is aimed at the high-risk patients with respiratory failure. The high technical barrier of key chips determines the clinical application effect of ventilator.

Ventilator is an important strategic material to fight the epidemic. Most of the patients with new pneumonia have lower respiratory tract infection symptoms such as dyspnea, among which the proportion of severe and critical patients are about 13% and 6% respectively. In the absence of specific drugs, patients with dyspnea need to be given timely ventilator treatment to alleviate the course of disease into severe and critical diseases. Ventilator has become an important strategic material, but the current reserves of countries are insufficient. The European Commission has decided to set up a strategic "save Europe" medical equipment reserve, including respirators and respirators. The U.S. has launched the national newspaper and defense production act, approving Ford, general motors, Tesla and other auto companies to manufacture respirators.

Based on our recent survey, we have several different scenarios about the Ventilators YoY growth rate for 2020. The probable scenario is expected to grow by a 150.1% in 2020 and the revenue will be US$ 11.70 billion in 2020 from US$ 4.68 billion in 2019. The market size of Ventilators will reach US$ 5.20 billion in 2026, with a CAGR of -12.64% from 2020 to 2026.

[url=]Figure 1.   Global Ventilators Market Size (Value), (US$ Billion), 2015 VS 2020 VS 2026[/url]

Source: Secondary Sources, Expert Interviews and QYResearch, 2020

Figure 2.   Global Ventilators Revenue 2015-2026 (US$ Billion)

Source: Secondary Sources, Expert Interviews and QYResearch, 2020

Figure 3.   China Ventilators Revenue 2015-2026 (US$ Billion)

Source: Secondary Sources, Expert Interviews and QYResearch, 2020

Figure 4.   Ventilators Market Share of Production Comparison: China Vs Global Others (K Unit)

Source: Secondary Sources, Expert Interviews and QYResearch, 2020

The total production of Ventilators will be estimated to 202.8 K Units in China in 2020, compared with 14.7 K Units in 2019. The production is expected to grow by 1279.6% in 2020. With the control of the epidemic situation, the demand for Ventilators will decline, and the excess mask production capacity will face greater adjustment. The overall production will fall back in 2021. And the production of Ventilators will be 48.8 K Units in China, with a CAGR of -21.13% from 2020 to 2026.

Figure 5.   Global Demand on Ventilators in Estimation (K Unit)

Source: Secondary Sources, Expert Interviews and QYResearch, 2020

Table 1.   Global Demand on Ventilators in Estimation (K Unit)

Demand on   Ventilators (K Unit)

Total Cases

Urgent Demand

Ultimate Demand

US

245

42

960

Germany

79

13

39

UK

34

6

20

Spain

110

19

61

France

59

10

50

Italy

115

12

30

China

82

14

26

Global Other

284

48

95

Global Total

1008

171

1281

Infection   Data of COVID-19 as of Apr.3th

Source: Secondary Sources, Expert Interviews and QYResearch, 2020

There is a shortage of ventilators in overseas markets, and urgent orders are difficult to meet clinical needs. The epidemic in Europe is outbreak and medical resources are seriously in short supply. The European Commission disclosed on March 25 that the supply chain of ventilator throughout Europe can only meet 10% of the demand. Italy and Spain have made decisions to no longer provide ventilators for patients over 60 years of age and elderly patients over 65 years of age. In addition, with the pandemic, the American Academy of Critical Medicine estimates that approximately 960,000 patients will need to be equipped with ventilators. The total demand gap may reach about 1281 K Units, and it is urgent to expand the existing domestic production capacity or import to resolve. Among all the countries, U.S., Italy and Spain have particularly acute demand gaps.

A ventilator is a machine that provides mechanical ventilation by moving breathable air into and out of the lungs, to deliver breaths to a patient who is physically unable to breathe, or breathing insufficiently. Modern ventilators are computerized microprocessor controlled machines, but patients can also be ventilated with a simple, hand-operated bag valve mask. Ventilators are chiefly used in intensive care medicine, home care, and emergency medicine (as standalone units) and in anesthesiology (as a component of an anesthesia machine).

The Ventilators can mainly be divided into two categories: Non-invasive Ventilator and Invasive Ventilator. Accordingly, the global market size of Non-invasive Ventilator and Invasive Ventilator will reach US $ xx billion and US $ xx billion in 2020, respectively, which are increased compared to 2019 xx% and xx%. Non-invasive Ventilator takes a big amount of market with xx%.

Figure 6.   Global Ventilators Market Structure by Type in 2015 & 2020

Source: Secondary Sources, Expert Interviews and QYResearch, 2020

Non-invasive Ventilator

Non-invasive ventilator mainly refers to the equipment for ventilator treatment through nose mask or face mask. Because there is no need to intubation or tracheotomy for patients, it is easy to operate and accepted by patients, and there are few complications such as airway injury and ventilator-related pneumonia. It is not only widely used in the treatment of inpatients with acute or chronic respiratory failure, but also more and more family applications for outpatients with relatively stable conditions.

Invasive Ventilator

Invasive ventilator is a kind of ventilator, which is also called multi-functional ventilator. It is used to support the respiration of human body or other animals when the spontaneous respiration cannot meet the normal physiological needs. It is applicable to all kinds of medical institutions; respiratory support for cardiopulmonary cerebral resuscitation; acute respiratory insufficiency or oxygenation dysfunction caused by various reasons; intraoperative and postoperative respiratory support; other patients who need ventilator treatment.

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Application

From the perspective of application, Ventilators can be divided into three main categories: Home Use and Medical Use. Accordingly, the global market size of Home Use and Medical Use will reach US $ xx billion and US $ xx billion in 2020, respectively, which are increased compared to 2019 xx% and xx%. Home Use takes a big amount of market with xx%.

Figure 7.   Global Ventilators Market Structure by Application in 2015 & 2020

Source: Secondary Sources, Expert Interviews and QYResearch, 2020

Medical Use

COVID-19 broke out worldwide in an all-round way, and the demand for medical ventilator was released rapidly. COVID-19 was diagnosed in 638928 cases (except China) as of 10 March 30th, and 30672 cases died. The demand for medical equipment around ICU will continue to increase with the increase of the number of severe and critical patients, and it is in urgent need of import reserves. It is estimated that at least 1.3 million new ICU beds are urgently needed overseas, and life monitoring and respiratory support products are flexible. Among them, the reserve demand for non-invasive ventilator and invasive ventilator is about 629000 and 205000 respectively, which need to be imported in overseas market.

Figure 8.   Global Ventilators Revenue in Medical Use 2015-2026 (US$ Billion)

Source: Secondary Sources, Expert Interviews and QYResearch, 2020

Major manufacturers

Table 2.   Major manufacturers and products analysis

Company

Product Type

ResMed

Non-invasive Ventilator, Invasive Ventilator

Philips Healthcare

Non-invasive Ventilator, Invasive Ventilator

Vyaire Medical

Non-invasive Ventilator, Invasive Ventilator

Medtronic

Non-invasive Ventilator, Invasive Ventilator

GE Healthcare

Non-invasive Ventilator, Invasive Ventilator

Draeger

Non-invasive Ventilator, Invasive Ventilator

Fisher & Paykel Healthcare

Non-invasive Ventilator, Invasive Ventilator

Teijin Pharma

Non-invasive Ventilator, Invasive Ventilator

WEINMANN

Non-invasive Ventilator, Invasive Ventilator

Breas Medical

Non-invasive Ventilator, Invasive Ventilator

Drive DeVilbiss Healthcare

Non-invasive Ventilator

eVent Medical

Non-invasive Ventilator

Hamilton Medical

Non-invasive Ventilator, Invasive Ventilator

Getinge

Non-invasive Ventilator, Invasive Ventilator

Siare

Non-invasive Ventilator, Invasive Ventilator

Airon Corporation

Non-invasive Ventilator, Invasive Ventilator

ARI Medical

Non-invasive Ventilator

Dima Italia

Non-invasive Ventilator, Invasive Ventilator

SternMed

Non-invasive Ventilator, Invasive Ventilator

Desco India

Non-invasive Ventilator

Source: Secondary Sources, Expert Interviews and QYResearch, 2020

Table 3.   Major manufacturers in China and products analysis

Company

Product Type

Yuwell

Non-invasive Ventilator

Aeonmed

Non-invasive Ventilator, Invasive Ventilator

Micomme

Non-invasive Ventilator

Mindray

Non-invasive Ventilator, Invasive Ventilator

BMC Medical

Non-invasive Ventilator

Comen

Invasive Ventilator

Source: Secondary Sources, Expert Interviews and QYResearch, 2020

Global Ventilators Market: Drivers and Restrains

The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and also about each type from 2015 to 2026. This section mentions the volume of production by region from 2015 to 2026. Pricing analysis is included in the report according to each type from the year 2015 to 2026, manufacturer from 2015 to 2020, region from 2015 to 2020, and global price from 2015 to 2026.

A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

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