U.S. Portable Ventilator Market Expected to Reach $160.98 million by 2027—Allied Market Research

According to a new report published by Allied Market Research, titled, “U.S. Portable Ventilator Market by Mode, Interface, Age Group and End User: Opportunity Analysis and Industry Forecast, 2020–2027," The U.S. portable ventilator market accounted for $106.20 million in 2019, and is expected to reach $160.98 million by 2027, registering a CAGR of 5.34% from 2019 to 2027.

Portable ventilator is small and light weight device which is able to work in required environments and helps the patients to breathe properly. In addition, portable ventilators are highly used for the treatment of patients suffering from diseases such as pneumonia or during multiple casualty situations. Portable ventilators have wide applications in places including hospitals, clinics, and in ambulatory care centers.

Major factors that contribute to the market growth include adoption of portable ventilators to support treatment of chronic respiratory diseases, such as asthma, chronic obstructive pulmonary disease (COPD), bronchitis, lung cancer, and increase in number of intensive care unit (ICU) admissions of critically ill geriatric patients. Further, shift in focus toward the use of invasive and non-invasive portable ventilators and rise in per capita healthcare expenditure are expected to supplement the market growth throughout the forecast period. On the other hand, factors such as high cost of portable ventilators and injuries associated with invasive ventilation restrict the market growth.

Presently, the U.S. portable ventilator market is witnessing a rise in demand, owing to rise in number of cases of COVID-19. In this health condition, oxygen levels drop as the virus attacks lungs of patients, which makes breathing process harder. Hence, they need external support for breathing such as portable ventilators. Consequently, rise in number of COVID-19 patients have propelled market players to increase or double production of portable ventilators, which further fuels the market growth.

The invasive ventilator segment dominated the market in 2019, which is attributed to the increase in number of patients suffering from chronic diseases. The invasive ventilator segment is projected to grow with the highest CAGR of 5.63% from 2019 to 2027. This is attributed to the rise in demand for portable ventilators during emergencies and growth in adoption of easy-to-use portable ventilators for ease of geriatric
patient population. 

In 2019, geriatric ventilator segment was the highest revenue generating segment in the market, owing to the rise in adult population who are prone to chronic respiratory diseases. However, the pediatric & neonatal segment is estimated to register CAGR of 5.06% during the forecast period, owing to rise in prevalence of neonatal mortality and need for convenient ventilation facilities for newborn and premature babies

In 2019, hospitals and clinics was the highest revenue generating segment in the market. This is mainly attributed to the large number of ICU beds admission, increase in prevalence of respiratory diseases and cancer, rise in demand for advanced healthcare facilities along with improvement in infrastructure and growth in in-bound medical tourism in the region.

Key Findings Of The Study 

• The study provides an in-depth analysis, current trends, and future estimations of the U.S. portable ventilator market to elucidate the imminent investment pockets.
• By mode, the pressure mode ventilation segment occupied 39.10% share of the U.S. portable ventilator market in 2019.
• By interface, the invasive segment is anticipated to capture 81.9 % of the market share throughout the forecast period.
• By age group, adult segment is anticipated to capture 47.0% of the market during the forecast period.