How are Rising COVID-19 Cases Driving Anesthesia Ventilator Market?

A major health crisis that is being faced by the healthcare industry, and the whole world really, is the rapidly increasing cases of the novel COVID-19. As per the Worldometer statistics, the number of COVID-19 cases increased to 81,171 in China, 69,176 in Italy, 54,881 in the U.S., 1,193 in Japan, and 536 in India, as of 24th March 2020. These number have now increased considerably and are creating increasing demand for medical equipment for catering to the needs of surging number of patients all across the globe. Ascribed to this, the demand for anesthesia ventilators is growing rapidly.

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A ventilator supports breathing of a patient under emergency and is utilized for efficiently managing the exchange of gases, including getting oxygen to lungs and aiding carbon dioxide to be released. Anesthesia ventilators are an important part of all contemporary anesthesia workstations. Automatic ventilators that are utilized in operating rooms have now become sophisticated due to the integration of various innovative ventilation modes. Attributed to the above mentioned factors, the global anesthesia ventilator market is projected to witness substantial growth in the near future. When mobility is considered, anesthesia ventilators are of three types, namely neonatal, intensive care, and portable ventilators. 

Some of the major components of anesthesia ventilators are filters, sensors, alarms, pressure regulators, and compressible air reservoirs. Among all these, the demand for compressible air reservoirs is expected to increase significantly in the years to come, which is primarily because of the fact that these components aid in the continuous exchange of gases. Major end users of anesthesia ventilators are hospitals, ambulatory care centers, and pre-hospital settings and emergency medical services. Out of these, hospital are predicted to create the largest demand for anesthesia ventilators in the coming years. 

This can be attributed to the surging patient pool in these healthcare settings, enhanced healthcare facilities, and growing adoption of technological advanced products. Geographically, North America created the largest demand for anesthesia ventilators in the past, which is owing to the increasing healthcare expenditure, technological advancements, rising geriatric population, and surging burden of chronic respiratory illnesses. Other than this, the demand for these medical devices is also projected to rise significantly in Asia-Pacific, thereby making the region the fastest-growing anesthesia ventilator market. This is because of the high pollution levels and surging number of COVID-19 cases in the region.

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This Study Covers

·         Provides comprehensive understanding of the market with the help of informed market outlook, opportunities, challenges, trends, size and growth, competitive analysis, major competitors and Porter analysis

·         Identifies the key drivers of growth and challenges of the key industry players. Also, assesses the future impact of the propellants and restraints on the anesthesia ventilator market

·         Uncovers potential demands in the anesthesia ventilator market

·         Porter analysis identifies competitive forces within the market

·         Provides information on the historical and current market size and the future potential of the market