The Europe Mechanical Ventilator Market would witness market growth of 11.9% CAGR during the forecast period (2021-2027).
In August 2020, Spicejet introduced Spiceoxy, a portable, non-invasive ventilation device. The introduction of such cost-effective products is expected to fuel the adoption in the coming years. Additionally, the growth in this region is attributed to the development of infrastructure and healthcare policies promoting better care provided to individuals. The growing trend of lifestyle habits such as smoking and genetic allergy developments expediting the number of cases of respiratory disorders further promotes market growth.
Manufacturers are bracing up to multiply the production capacity to meet the globally rising demand to overcome the COVID-19 disease outbreak. The German manufacturer Drägerwerk AG & Co. received an order of around 10,000 ventilators from the government of the U.K., which is equal to its annual production capacity.
With almost 260 000 tuberculosis (TB) cases reported in 2019, TB remains a major public health problem in the WHO European Region, including the countries of the European Union/European Economic Area (EU/EEA).
Confirmed cases of coronavirus diseases are increasing across Europe. Moreover, the increased investment in healthcare sector and emergence of new technologies related to ventilation systems will influence the market positively. More than 50 million people in Europe are affected by chronic diseases.
In 2019, asthma affected almost 6% of the EU population, a small increase compared with 2014 (+0.3 percentage points). Among EU countries, Finland stood on the top of the list, with 9% of the people reporting to have asthma, followed by Germany and France (both 8%). In contrast, only 2% of people in both Romania and Bulgaria reported having this disease. 5.4 million people in the UK are currently receiving treatment for asthma: 1.1 million children (1 in 11) and 4.3 million adults (1 in 12). Every 10 seconds someone is having a potentially life-threatening asthma attack in the UK. On average, 3 people die from an asthma attack in the UK every day.
The Germany market dominated the Europe Mechanical Ventilator Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $790.9 million by 2027. The UK market is exhibiting a CAGR of 11.1% during (2021 - 2027). Additionally, The France market would display a CAGR of 12.8% during (2021 - 2027).
Based on Product Type, the market is segmented into Intensive Care Unit/Critical Care, Transport/Portable/Ambulatory, and Neonatal Care. Based on Age Group, the market is segmented into Adult, Geriatric, and Pediatric & Neonatal. Based on Component, the market is segmented into Devices and Services. Based on Mode, the market is segmented into Invasive Ventilation and Non-invasive Ventilation. Based on End User, the market is segmented into Hospital & Clinic, Ambulatory Surgical Center, Home Care, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include General Electric (GE) Co. (GE Healthcare), Koninklijke Philips N.V., Medtronic PLC, Dragerwerk AG & Co. KGaA, Getinge AB, Asahi Kasei Corporation (Zoll Medical Corporation), Hamilton Medical AG (Hamilton Bonaduz AG), Carl Reiner GmbH, Mindray Medical International Limited, and Vyaire Medical, Inc.
Scope of the Study
Market Segments covered in the Report:
By Product Type
• Intensive Care Unit/Critical Care
• Neonatal Care
By Age Group
• Pediatric & Neonatal
• Invasive Ventilation
• Non-invasive Ventilation
By End User
• Hospital & Clinic
• Ambulatory Surgical Center
• Home Care
• Rest of Europe
• General Electric (GE) Co. (GE Healthcare)
• Koninklijke Philips N.V.
• Medtronic PLC
• Dragerwerk AG & Co. KGaA
• Getinge AB
• Asahi Kasei Corporation (Zoll Medical Corporation)
• Hamilton Medical AG (Hamilton Bonaduz AG)
• Carl Reiner GmbH
• Mindray Medical International Limited
• Vyaire Medical, Inc.
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