Ventilator Accessories Market By Product Type (Flow Sensors, Breathing Sets, Expiratory Valves, Endotracheal Tubes, Breathing Circuits, Humidifiers, Interfaces and Masks, and Others), By End User (Hospitals, Ambulatory Surgery Centers, Clinics, Emergency Medical Services, and Long Term Care Centers), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2029

Report Code: PMI425420 | Publish Date: April 2024 | No. of Pages: 180

Global Ventilator Accessories Market Overview

Ventilator Accessories market accounted for US$ 1.5 billion in 2020 and is estimated to be US$ 2.2 billion by 2029 and is anticipated to register a CAGR of 4.7%.

A ventilator is an artificial breathing device which helps patients suffering from chronic respiratory disease or insufficient breathing while inhaling and exhaling air into and out of the lungs. It is also a diagnostic tool to regulate the irregular functioning of respiratory system and the static compliance of airway resistance. A patient is connected to a ventilator through an endotracheal tube directly passed to the airway or NIV mask. Presently, transport/portable and intensive-care mechanical ventilators are the two most-widely used ventilators in the market.

Global Ventilator Accessories Market Dynamics

High prevalence of chronic respiratory diseases

Rising cases of chronic obstructive pulmonary disease (COPD) and respiratory emergencies are the major factors driving the global Ventilator Accessories market growth. According to data published by the World Health Organization (WHO) in 2017, 65 million people suffer from moderate to severe COPD, leading to 3 million deaths. COPD is the third most deadly disease worldwide. Growing cases of bronchitis, asthma, and COPD are due to increase in air pollution levels. WHO reports that 9 out of 10 people are breathing air having a high concentration of pollutants. Further, as per the data stated by United Nations in 2018, the global geriatric population was about 809.4 million, and by 2050 it is expected to rise more than double to reach an projected population of over 2,000 million. The geriatric population is linked with various respiratory severe disorders that needs continuous long term ventilation.

Supportive government initiatives

Supportive government initiatives, especially in developing countries, will boost the target market development. Key players and Manufacturers in emerging economies, such as India and China, are focusing on creating non-invasive, cost-efficient ventilation systems to meet the local needs and provide flexibility in patient care. Developments, in terms of design, efficiency, and safety resulted in substantial benefits, such as better gas exchange, improved weaning, better oxygenation, and lower damage to the lungs.

However, rising costs of ventilator accessories and growing incidence of ventilator-associated pneumonia are expected to limit the target market growth.

Global Ventilator Accessories Market Segmentation

Ventilator accessories market is segmented based on product type, end-user, and region.

On the basis of product type, the ventilator accessories market is segmented into flow sensors, breathing sets, expiratory valves, endotracheal tubes, breathing circuits, humidifiers, interfaces and masks, and others. Based on end-user, the target market is segmented into hospitals, ambulatory surgery centers, clinics, emergency medical services, and long term care centers.

Regional Insights:

On region the ventilator accessories market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is estimated to be the most lucrative regional market for ventilator accessories due to growing cases of chronic respiratory diseases, increasing tax benefits and healthcare expenditure offered by the regional governments. Additionally, improved healthcare policies and infrastructural development promoting better care provision will boost the regional market over the forecast period. Europe is also expected to witness a lucrative growth in the coming years owing to a significant growth in the cases of COPD. As per the European Lung Foundation, every year, about 2 to 3 lack deaths occur due to COPD. Presence of major companies, such as Draeger and GE Healthcare, in Europe will also help to fuel the region’s growth. In 2018, North America estimated for highest market share and is accounted to maintain the dominance over the forecast period. Furthermore, growing geriatric population in the U.S. is resulting to rising incidences of respiratory disorders, which further propels the target market growth.

Report Scope:

Attribute

Details

Base year for estimation

2020

Forecast period

2020 – 2029

Market representation

Revenue in USD Million & CAGR from 2020 – 2029

Market Segmentation

By Product type - Flow Sensors, Breathing Sets, Expiratory Valves, Endotracheal Tubes, Breathing Circuits, Humidifiers, Interfaces and Masks, and Others

By End-user– Hospitals, Ambulatory Surgery Centers, Clinics, Emergency Medical Services, and Long Term Care Centers

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest application trends and opportunities in each of the sub-segments from 2019 to 2029. For the purpose of this study, has segmented the Ventilator Accessories market report based on product type, end-user, and region.

Ventilator Accessories Market, By Product type:

  • Flow sensors
  • Breathing sets
  • Expiratory valves
  • Endotracheal tubes
  • Breathing circuits
  • Humidifiers
  • Interfaces and masks
  • Others

Ventilator Accessories Market, By End-user:

  • Hospitals
  • Ambulatory Surgery Centers
  • Clinics
  • Emergency Medical Services
  • Long term care centers 

 Ventilator Accessories Market, By Region:

  • North America
    • Middle East & Africa
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East & Africa
    • Latin America
        • Brazil
        • Mexico
        • Rest of Latin America
    • Asia Pacific
        • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Europe
        • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
      • U.S.
      • Canada

Global Ventilator Accessories Market Key Players

The key players operating the ventilator accessories market includes Drägerwerk AG & Co. KGaA, GE Healthcare Ltd., ResMed Inc., Siemens Healthcare, Nihon Kohden Corp., Fisher &, Paykel Healthcare Corp. Ltd., Hamilton Medical AG, Invacare Corp., CAS Medical Systems Inc., and Nonin Medical Inc. These key players are actively involved in technological advancements and product innovations to sustain their position in the target market. For instance, in January 2020, Nihon Kohden, a U.S. market leader expert in medical products and services, announced the launch of its new NKV-550 Series Ventilator System that provides a full suite of features required in a critical care setting for patients of all ages – from neonate through adult. The NKV-550, launched for the first time at the annual American Association for Respiratory Care Congress 2019 in New Orleans. It is an innovative ventilator that has advantages of intuitive user interface, integrated touchscreen, and onscreen help functions.

Global Ventilator Accessories Market Company Profile

  • Drägerwerk AG & Co. KGaA
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • GE Healthcare Ltd.
  • ResMed Inc.
  • Siemens Healthcare
  • Nihon Kohden Corp.
  • Fisher & Paykel Healthcare Corp. Ltd.
  • Hamilton Medical AG
  • Invacare Corp.
  • CAS Medical Systems Inc.
  • Nonin Medical Inc.

 “*” marked represents similar segmentation in other categories in the respective section

Global Ventilator Accessories Market Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Study Scope
    • Years Considered for the study
    • Assumptions
    • Abbreviations
  2. Research Methodology
    • Research data
    • Primary Data
      • Primary Interviews
      • Primary Breakdown
      • Key data from Primary Sources
      • Key Thickness Insights
    • Secondary Data
      • Major Secondary Sources
      • Secondary Sources
    • Market Estimation
    • Top-Down Approach
      • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
    • Bottom-Up Approach
      • Approach for estimating market share by Bottom-up Analysis (Demand Side)
    • Market Breakdown and Data Triangulation
    • Research Assumptions
  3. Market Preview
    • Executive Summary
    • Key Findings—Global Outlook for Ventilator Accessories Strategies
      • Key Questions this Study will Answer
      • Market Snippet, By Product Type
      • Market Snippet, By End-user
      • Market Snippet, By Region
    • Opportunity Map Analysis
    • Executive Summary—3 Big Predictions
  4. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  5. Market Segmentation, By Product Type, 2020 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2029
      • Y-o-Y Growth Analysis (%), 2020 – 2029
      • Segment Trends
    • Flow Sensors
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2029
    • Breathing Sets
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2029
    • Expiratory Valves
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2029
    • Endotracheal Tubes
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2029
    • Breathing Circuits
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2029
    • Humidifiers
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2029
    • Interfaces and Masks
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2029
    • Others
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2029
  6. Market Segmentation, By End-user, 2020 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2029
      • Y-o-Y Growth Analysis (%), 2020 – 2029
      • Segment Trends
    • Hospitals
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2029
    • Ambulatory Surgery Centers
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2029
    • Clinics
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2029
    • Emergency Medical Services
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2029
    • Long Term Care Centers
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2029
  7. Global Market, By Region, 2020 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2029
      • Y-o-Y Growth Analysis (%), 2020 – 2029
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Mn), By Product Type, 2020 – 2029
      • Market Size and Forecast (US$ Mn), By End-user, 2020 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2029
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Mn), By Product Type, 2020 – 2029
      • Market Size and Forecast (US$ Mn), By End-user, 2020 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2029
        • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Mn), By Product Type, 2020 – 2029
      • Market Size and Forecast (US$ Mn), By End-user, 2020 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2029
        • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast (US$ Mn), By Product Type, 2020 – 2029
      • Market Size and Forecast (US$ Mn), By End-user, 2020 – 2029
      •  
      • Market Size  and Forecast (US$ Mn), By Country, 2020 – 2029
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • Market Size and Forecast (US$ Mn), By Product Type, 2020 – 2029
      • Market Size and Forecast (US$ Mn), By Product & Services, 2020 – 2029
      • Market Size and Forecast (US$ Mn), By End-user, 2020 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2029
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East
  8. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
  9. Company Profiles
  • Dragewerk AG & Co. KGaA
  • GE Healthcare Ltd.
  • ResMed Inc.
  • Siemens Healthcare
  • Nihon Kohden Corp.
  • Fisher & Paykel Healthcare Corp. Ltd.
  • Hamilton Medical AG
  • Invacare Corp.
  • CAS Medical Systems Inc.
  • Nonin Medical Inc.

The Last Word

  • Future Impact
  • About Us
  • Contact

FAQs

The global ventilator accessories market is segmented based on product type, end-user, and region.

Rising cases of chronic obstructive pulmonary disease (COPD) and respiratory emergencies are the major factors driving the global ventilator accessories market growth.

The Asia Pacific is estimated to be the most lucrative regional market for ventilator accessories due to growing cases of chronic respiratory diseases, increasing tax benefits, and healthcare expenditure offered by the regional governments.

These key players are actively involved in technological advancements and product innovations to sustain their position in the target market. For instance, in November 2019, Nihon Kohden, a U.S. market leader expert in medical products and services, announced the launch of its new NKV-550 Series Ventilator System that provides a full suite of features required in a critical care setting for patients of all ages – from neonate through adult.