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New Report Released - Mechanical Ventilators Markets Worldwide

World Ventilator Market Surges As Orders for Home Care Ventilators Hit an All Time High

Buy American or Asian? - Competition Intensifies in the Mechanical Ventilator Market

Dublin, CA, September 20, 2010 – Marketstrat Inc. is pleased announce the release of a new report titled, “Mechanical Ventilators, Disposables and Services Worldwide."

The World Mechanical Ventilator market is accelerating and transitioning simultaneously, hitting and racing past the $2 billion dollar mark by the end of this year. The report predicts a cumulative growth rate (CAGR) of almost 5 percent over the next few years.

Even as demand for ventilators continues to surge, flailing economies in the West, the weakening dollar value and stiff competition from Chinese and Indian medical device manufacturers is pushing established Western manufacturers into a corner. Leaders like Drager, CareFusion and Covidien still enjoy undisputed reputation however among healthcare providers in Asia and Latin America. To maintain their market share, partnerships with local manufacturers, lower prices and technologies that are more suitable for use in facilities in developing countries are all critical. Respiratory healthcare specialists such as Maquet, Hamilton, Respironics and Resmed are following close behind with compact, high-tech ventilators that can be used in a variety of care settings. GE Healthcare recently joined the race with the acquisition of Breas and Versamed.

The predominant trends in the world ventilator market are as follows:

Intense price competition from local manufacturers in Asia and Latin America
Notable technological advances – adaptive servo ventilation (ASV), Synchronized Intermittent Mandatory Ventilation (SIMV) and Proportional Assist Ventilation (PAV), Neural Control of Ventilatory Assist (NAVA), etc.
Conventional specialized design and definitions are changing – many ventilators are now high and mid-acuity systems; definitions of critical care, neonatal, etc. depend less on the technology and design and more on utilization patterns in a given facility.
Shifting patterns of care – more patients are going home;
Manufacturers are offering ventilator models that can be used for any patient in any location, multimodal, easy weaning features, non-invasive option, advanced monitors and graphics, and more importantly technology that senses and adapts to the patient’s needs without causing lung damage.
Demand continues to surge with rising patient population – growing rates of COPD and other respiratory illnesses and aging populations which in turn will spur need for expanding healthcare infrastructure.

Notable trends in niche clinical markets are as follows:

Critical care ventilator market – robust growth worldwide. End-users in developed countries want to replace older systems with the latest technologies and developing countries have an ever increasing demand due to medical facility building and expansion
Neonatal ventilator market – demand for the latest technology is high in N. America and in emerging healthcare markets; the European market is impacted by low birth rates
Non-invasive ventilator market – this relatively new mode is expanding fast; already popular in Europe, demand for NIV will increase worldwide
Home care ventilator market – fastest expanding market across the world
Transport ventilator market – highest in Asia and Latin America

Well established leaders in the mechanical ventilator industry are Drager, CareFusion and Covidien followed by Hamilton, Respironics (Philips), Maquet, Resmed and Newport.

For more details on this report please click here

About Marketstrat, Inc.

Marketstrat assists companies with market, technology, and best practice strategies & intelligence, through a unique combination of published reports, solutions, and services. Our strengths include: a deep understanding of the medical devices value chain, state-of-the-art data collection tools, and robust research methodology.

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