Overview of 1. Medical Ventilator

1.1 Medical Ventilator Definition

Medical ventilator is a kind of medical equipment that can replace or assist the spontaneous breathing function of human body. It achieves artificial ventilation by creating a pressure differential that allows air or oxygen-containing gas to enter the patient's lungs. Medical ventilators can be divided into invasive ventilators and non-invasive ventilators.

An invasive ventilator is a device that connects the patient to the ventilator through an endotracheal tube or tracheostomy tube. It can provide a higher level of ventilatory support and is suitable for patients with severe or critical respiratory failure.

A noninvasive ventilator is a device that connects the patient to the ventilator through a mask or nasal mask. It can provide a lower level of ventilatory support and is suitable for patients with mild or moderate respiratory failure.

Role of 1.2 medical ventilator

Medical ventilator is mainly used to treat respiratory failure, respiratory support and emergency resuscitation caused by various reasons. Respiratory failure is defined as lack of oxygenation or carbon dioxide retention due to pulmonary or systemic disease, manifested as hypoxemia or hypercapnia. Common causes of respiratory failure are:

Lung diseases, such as pneumonia, pulmonary edema, pulmonary embolism, pulmonary fibrosis, emphysema, etc;

Thoracic diseases, such as pleurisy, pleural effusion, pneumothorax, chest wall trauma;

Neuromuscular diseases, such as central nervous system injury, spinal cord injury, myasthenia gravis, polyradiculitis, etc;

Systemic diseases, such as heart failure, shock, anemia, poisoning, infection, etc.

the role of medical ventilator is:

Prevention and treatment of respiratory failure, maintenance of vital signs of the patient;

Reduce the work of breathing, reduce respiratory consumption, save heart reserve;

Improved lung ventilation/Blood flow ratio, improve arterial oxygen partial pressure, reduce arterial carbon dioxide partial pressure;

Promote the discharge of pulmonary secretions, prevent atelectasis and infection;

Provide conditions for other treatment measures, such as drug treatment, nutritional support, surgical operation, etc.

2. medical ventilator market size

Global Medical Ventilator Market Size in 2.1

According to data from the Champ Consulting Group,2022The size of the global medical ventilator market in54.5Billions of dollars, expected2022Year2027The annual average growth rate15.8%. Key drivers include:

The outbreak of the new crown epidemic has led to a surge in global demand for medical ventilators;

Population aging and chronic obstructive pulmonary disease (COPD) and other chronic respiratory diseases are increasing, increasing the need for long-term ventilatory support;

The innovation and improvement of medical ventilator technology has improved the performance and portability of the product;

Financial support and policy advocacy from governments and non-governmental organizations have promoted the popularization and application of medical ventilators in developing countries.

According to the product type, the global medical ventilator market can be divided into invasive ventilators and non-invasive ventilators.2022In 2012, invasive ventilators accounted for market share.60%, non-invasive ventilators accounted for approximately40%. The market growth rate of non-invasive ventilators is expected to be higher than that of invasive ventilators in the next few years, mainly due to the lower risk of complications, higher patient comfort and wider range of indications.

According to the region, the global medical ventilator market can be divided into five regions: North America, Europe, Asia Pacific, Latin America and Middle East Africa. North America accounted for the largest percentage of the market share, approximately40%The main reasons are the improvement of medical infrastructure, extensive medical insurance coverage, high level of medical expenditure, and large number of patients with respiratory diseases in the region. The Asia-Pacific region is expected to have the highest market growth rate in the next few years, mainly due to the region's large population, rapid economic development, increased medical demand, and the severe impact of the new crown epidemic.

China Medical Ventilator Market Size, 2.2

According to data from the Champ Consulting Group,2022The size of the Chinese medical ventilator market in45billion yuan50RMB100 million, a year-on-year increase of approx.15%To25%. Among them, the market size of the invasive ventilator is about.30billion yuan35RMB billion, the market size of non-invasive ventilator is about15billion yuan20billion yuan. Key drivers include:

The outbreak of the new crown epidemic has led to a sharp increase in the demand for medical ventilators in China, especially in2020In the early years of Wuhan and other hard-hit areas;

The support of national policies, such as increasing the purchase of medical supplies, increasing the proportion of medical insurance reimbursement, and encouraging domestic substitution;

Technological progress of domestic enterprises, such as improving product quality and performance, developing intelligent and remote monitoring functions, etc;

Raise awareness of prevention and treatment of respiratory diseases, such as strengthening health education and publicity, promoting family and community care.

Expected2023The annual market size will reach6.35billion yuan. The main influencing factors include:

Progress in the prevention and control of the new crown epidemic and economic recovery has led to a gradual return to normal levels of demand for medical ventilators from peak periods;

The upgrading of medical ventilator products and consumption upgrades have increased the market demand for high-end and intelligent products;

The standardization and standardization of the medical ventilator industry has increased the market's requirements for product quality and safety;

The intensification of competition in the medical ventilator market has led to fierce competition among companies in terms of price, service, and channels.

3. medical ventilator market competition pattern

3.1 the competitive landscape of the global medical ventilator market

The major players in the global medical ventilator market are:

Draeger (Drägerwerk AG & Co. KGaA), a Germany-based medical device and security technology company founded in1889It is one of the world's leading manufacturers of ventilators, covering various market segments of invasive and non-invasive ventilators, with major customers including hospitals, clinics, and emergency centers;

Philips (Koninklijke Philips N.V.), a diversified technology company based in the Netherlands, founded in1891It is one of the world's leading medical equipment and health service providers. Its products cover various market segments of invasive and non-invasive ventilators. Its main customers include hospitals, clinics, families and individuals;

McKewei (Medtronic plc), is an Ireland-based medical device company founded in1949In, it is one of the world's leading medical technology and solution providers. Its products cover various market segments of invasive ventilators and non-invasive ventilators. Its main customers include hospitals, clinics, emergency centers, etc;

GE Healthcare (GE Healthcare), a U. S.-based medical device company founded in1994It is one of the world's leading providers of medical imaging, diagnostic, monitoring and life support equipment. Its products cover some market segments of invasive ventilators and non-invasive ventilators. Its main customers include hospitals, clinics, emergency centers, etc;

HAMILTON (Hamilton Medical AG), a Swiss-based medical device company founded in1983It is one of the world's leading manufacturers of intelligent ventilators. Its products cover some market segments of invasive ventilators and non-invasive ventilators. Its main customers include hospitals, clinics, and emergency centers.

The above five companies occupy the global medical ventilator market share.60%Above. Some other important players include:

Abbott (Abbott Laboratories), a US-based medical device and pharmaceutical company founded in1888In 2012, its products covered some market segments of non-invasive ventilators;

Beckton Dickinson (Becton, Dickinson and Company), a U. S.-based medical device company founded in1897In 2012, its products covered some market segments of non-invasive ventilators;

Herse Ino (Getinge AB), a Sweden-based medical device company founded in1904In 2012, its products covered some market segments of invasive and non-invasive ventilators;

Maxter (Masimo Corporation), a U. S.-based medical device company founded in1989In 2012, its products covered some market segments of non-invasive ventilators;

Lespron (ResMed Inc.), a U. S.-based medical device company founded in1989In 2012, its products covered some market segments of non-invasive ventilators.

3.2 China Medical Ventilator Market Competition Pattern

The distribution of China's medical ventilator market share is shown in the following table:

As can be seen from the table, China's medical ventilator market is still dominated by imported brands, occupying the market share80%Above. Among them, Delger, Philips, McKewei and other foreign giants are in a leading position, the more prominent domestic enterprises are mainly Murray Medical, Shenzhen Coleman and Beijing Aeonmed.

According to data from Shangpu Consulting Group, the main competitive strategies in China's medical ventilator market are:

Technological innovation and product upgrades, such as the development of intelligent, remote monitoring, personalized and other functions to improve product performance and portability;

Brand building and marketing promotion, such as strengthening the cooperative relationship with customers such as hospitals, clinics, emergency centers, etc., to improve brand awareness and reputation;

Channel expansion and service optimization, such as the establishment of a combination of online and offline sales network, to provide professional pre-sales, sales and after-sales service;

Quality management and safety assurance, such as strict compliance with relevant national and industry standards and specifications to ensure product quality and safety.

expected2023The competitive landscape of China's medical ventilator market will undergo the following changes:

Domestic ventilators will gradually increase their market share, especially in the field of non-invasive ventilators, mainly due to the support of national policies, the technological progress of domestic enterprises, and the increased demand for domestic substitution;

Foreign brands will continue to maintain their advantages, especially in the field of innovative ventilators, mainly due to the leading technology, brand influence and customer loyalty of foreign brands;

There will be more cooperation and mergers and acquisitions in the ventilator market, mainly due to the standardization and standardization of the ventilator industry, intensified market competition, and increased demand for resource integration.

4. conclusions and recommendations

Based on the above analysis, Champ Consulting believes that:

Medical ventilator is an important medical equipment, which has a wide range of application scenarios and market potential;

The new crown epidemic is an important driving force for the development of the medical ventilator market, but also exposed the shortage and imbalance of medical resources;

The medical ventilator market will maintain steady growth, while also facing challenges and opportunities such as technological innovation, quality improvement, and domestic substitution;

The competitive landscape of the medical ventilator market will change. Domestic ventilators will gradually increase their market share, foreign brands will continue to maintain their advantages, and there will be more cooperation and mergers and acquisitions in the ventilator market.

Based on this, Champ Consulting makes the following recommendations:

For government departments, we should increase policy support and supervision of the medical ventilator industry, such as increasing the proportion of medical insurance reimbursement, encouraging domestic substitution, and formulating unified standards and norms;

For medical institutions, medical ventilators should be rationally configured and used, such as selecting the appropriate type of ventilator according to the specific conditions of patients, complying with operating procedures and precautions, and strengthening equipment maintenance and management;

For medical ventilator companies, technological innovation and product upgrades should be strengthened, such as the development of intelligent, remote monitoring, personalized and other functions to improve product performance and portability; at the same time, brand building and marketing promotion should also be strengthened, such as strengthening cooperation with hospitals, Clinics, emergency centers and other customers to improve brand awareness and reputation; in addition, channels should be expanded and services should be optimized, such as the establishment of a combination of online and offline sales network, to provide professional pre-sales, sales and after-sales service; finally, should also be strict quality management and safety assurance, such as strict compliance with national and industry standards and norms, to ensure product quality and safety.