In early 2020, the Critical Care Ventilator Market witnessed a remarkable surge caused by COVID-19, with sales nearly quintupling from around 68,000 units in 2019 to 330,000 units in 2020. Today, the market is saturated and only a few new devices are needed, partly because some of the ventilators purchased in 2020 remained unused. However, there are major regional differences. 

The saturation poses challenges and consequences for the ventilator industry, as prices have dropped by up to fourfold, squeezing manufacturers’ margins and limiting innovation due to budget constraints. Their primary focus is on generating recurring revenues enabled by consumables and servicing of existing installed base.

Nevertheless, it’s essential to recognize that ventilation remains a vital treatment modality. Several ongoing social and environmental trends are expected to sustain the long-term demand for ventilators, extending well beyond the challenges posed by the COVID-19 pandemic.

The Strategists Network has been monitoring the ventilation market for many years and has compiled this knowledge into a Critical Care Ventilation Market Report, which can be found on the TSN website.