Ventilator breathing circuits, also known as ventilator tubing, are disposable tubes and connectors used to connect a mechanical ventilator to a patient. They deliver gas from the ventilator to the patient's lungs and allow exhaled gases to pass back to the ventilator. Ventilator circuits consists of an expiratory limb, inspiratory limb, Y-piece connector, humidification chamber and heat-moisture exchanger. They help provide efficient ventilation and protection from contamination between patient and ventilator. Ventilator circuits are available in both heated wire and non-heated circuits depending on requirement. Their application in intensive care units, operating rooms and emergency departments has significantly improved respiratory treatment outcomes for patients.
Global ventilator breathing circuit market is estimated to be valued at US$ 1,207.0 million in 2022, and is expected to exhibit a CAGR 4.1% over the forecast period 2022-2030.
Ventilator Breathing Circuit Market Demand is rising due to the increased prevalence of respiratory diseases like COPD, the COVID-19 pandemic, a growing geriatric population, and rising ICU admissions.
Key Takeaways
Key players operating in the ventilator breathing circuit market are Armstrong Medical, Cardinal Health, Draeger Medical GmbH,Getinge AB (Maquet), Teleflex Inc. The increasing incidence of respiratory diseases along with surging demand for home care ventilators is a major factor driving the market growth. According to American Lung Association, in the U.S there around 44 million patients suffering from chronic lung diseases including COPD and asthma. Growing patient pool necessitates increased demand for ventilator circuits. Major players in the ventilator breathing circuit market are focused on expanding their presence in developing regions through partnerships and distribution agreements. For instance, in 2021, Draeger Medical GmbH established a new production facility in India to strengthen its position in Asia-Pacific market.
Market Key Trends
One of the major trends in ventilator breathing circuit market is the development of enhanced heated circuits. Conventional non-heated circuits cause higher resistance due to condensation of gases inside the tubing. However, heated circuits provide consistent gas temperature and minimize condensation, thereby reducing work of breathing. For instance, Maquet Smart Thermal Management system circulates warmed air inside the circuit to allow more natural breathing. Similarly, manufactures are focusing on designing antibacterial and anti-contamination circuits. In order to prevent ventilator associated pneumonia, companies have introduced circuits coated with active agents that reduces bacterial growth. For example, B&B Medical Technologies offers BacteriaGuard heated breathing circuit which uses antimicrobial coating to prevent bacterial colonization and cross-contamination. Such innovative product ranges will continue to aid ventilator circuit market revenue growth over the forecast period.
Porter's Analysis
Threat of new entrants: Low capital requirements and established customers reduce barriers to entry. However, strong brand loyalty and regulation compliance requirements favor incumbents.
Bargaining power of buyers: Large hospital networks and GPOs are able to negotiate lower prices from suppliers. However, life-critical nature of products limits switching.
Bargaining power of suppliers: A few large multinational firms dominate supply. However, some components have substitutes that weaken suppliers' positions.
Threat of new substitutes: Alternate ventilation methods continue to be developed but circuit components are core to current ventilator designs with no close substitutes available soon.
Competitive rivalry: Large established brands compete on quality, features and services. Increased adoption fuels competition and pressure on prices.
The United States accounts for over 35% of the global ventilator breathing circuit market value due to large healthcare spends and high demand for critical care therapies. Presence of leading OEMs and availability of reimbursements in the country support the dominant share.Europe is the second largest regional market led by Germany, France and the United Kingdom. Growing geriatric population susceptible to respiratory diseases and increased ICU beds per capita have augmented the demand. Asia Pacific region is poised to rise as the fastest growing market between 2025-2031. Rising healthcare expenditures, growing intensive care infrastructure and prevalence of chronic respiratory conditions are driving the market growth momentum in countries such as China and India.
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It helps in life threatening illness and injuries which can further create complications from various accidents, breathing problems and surgery.
It requires attention by the team of specialists and health care providers in an intensive care unit.
Rise in aging population, growth in drug delivery, increasing research and development, prevalence of chronic disease, advanced development in various parameter monitors, and increase in number of health care facilities across the world are increasing the growth of the global critical care equipment market.Global critical care equipment market is projected to register a substantial CAGR of 7.3% in the forecast period 2019 to 2026.
Get Sample Report at : https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-critical-care-equipment-marketCompetitive Analysis: Global Critical Care Equipment MarketFew of the major competitors currently working in Global Critical Care Equipment Market are Koninklijke Philips N.V, General Electric, Integra Life Sciences Corporation, Edwards Lifesciences Corporation, Getinge AB, HEYER Medical AG, B. Braun Melsungen AG, Drägerwerk AG & Co. KGaA, Medtronic, and Fresenius SE & Co. KGaA.
Key Pointers Covered in the Global Critical Care Equipment Market Trends and Forecast to 2026Global Critical Care Equipment Market New Sales VolumesGlobal Critical Care Equipment Market Replacement Sales VolumesGlobal Critical Care Equipment Market Installed BaseGlobal Critical Care Equipment Market By BrandsGlobal Critical Care Equipment Market SizeGlobal Critical Care Equipment Market Procedure VolumesGlobal Critical Care Equipment Market Product Price AnalysisGlobal Critical Care Equipment Market Healthcare OutcomesGlobal Critical Care Equipment Market Cost of Care AnalysisGlobal Critical Care Equipment Market Regulatory Framework and ChangesGlobal Critical Care Equipment Market Prices and Reimbursement AnalysisGlobal Critical Care Equipment Market Shares in Different RegionsRecent Developments for Global Critical Care Equipment Market CompetitorsGlobal Critical Care Equipment Market Upcoming ApplicationsGlobal Critical Care Equipment Market Innovators Study Get Detailed TOC:https://www.databridgemarketresearch.com/toc/?dbmr=global-critical-care-equipment-marketKey Developments in the Market:In October 2019, B. Braun Melsungen AG announced that they developed the system of Space Infusion Pump Systems with STANLEY Healthcare’s software platform.
After the launch of new product the company enhances their product portfolio.In September 2016, Medtronic announced the clinical data from Onyx Globe Data to represent the multi center, randomized clinical outcomes in nearly 2000 high bleeding patients.
It helps in life threatening illness and injuries which can further create complications from various accidents, breathing problems and surgery.
It requires attention by the team of specialists and health care providers in an intensive care unit.
Rise in aging population, growth in drug delivery, increasing research and development, prevalence of chronic disease, advanced development in various parameter monitors, and increase in number of health care facilities across the world are increasing the growth of the global critical care equipment market.Global critical care equipment market is projected to register a substantial CAGR of 7.3% in the forecast period 2019 to 2026.
Get Sample Report at : https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-critical-care-equipment-marketCompetitive Analysis: Global Critical Care Equipment MarketFew of the major competitors currently working in Global Critical Care Equipment Market are Koninklijke Philips N.V, General Electric, Integra Life Sciences Corporation, Edwards Lifesciences Corporation, Getinge AB, HEYER Medical AG, B. Braun Melsungen AG, Drägerwerk AG & Co. KGaA, Medtronic, and Fresenius SE & Co. KGaA.
Key Pointers Covered in the Global Critical Care Equipment Market Trends and Forecast to 2026Global Critical Care Equipment Market New Sales VolumesGlobal Critical Care Equipment Market Replacement Sales VolumesGlobal Critical Care Equipment Market Installed BaseGlobal Critical Care Equipment Market By BrandsGlobal Critical Care Equipment Market SizeGlobal Critical Care Equipment Market Procedure VolumesGlobal Critical Care Equipment Market Product Price AnalysisGlobal Critical Care Equipment Market Healthcare OutcomesGlobal Critical Care Equipment Market Cost of Care AnalysisGlobal Critical Care Equipment Market Regulatory Framework and ChangesGlobal Critical Care Equipment Market Prices and Reimbursement AnalysisGlobal Critical Care Equipment Market Shares in Different RegionsRecent Developments for Global Critical Care Equipment Market CompetitorsGlobal Critical Care Equipment Market Upcoming ApplicationsGlobal Critical Care Equipment Market Innovators StudyGet Detailed TOC:https://www.databridgemarketresearch.com/toc/?dbmr=global-critical-care-equipment-marketKey Developments in the Market:In October 2019, B. Braun Melsungen AG announced that they developed the system of Space Infusion Pump Systems with STANLEY Healthcare’s software platform.
After the launch of new product the company enhances their product portfolio.In September 2016, Medtronic announced the clinical data from Onyx Globe Data to represent the multi center, randomized clinical outcomes in nearly 2000 high bleeding patients.
