The ventilator breathing circuit, also known as ventilator tubing, connects the ventilator machine to the patient’s endotracheal tube or tracheostomy. It allows pressurized gas from the ventilator to reach the patient’s airways and lungs while exhaled gases from the patient are directed back to the ventilator. It contains an inspiratory limb through which gas flows from the ventilator to the patient and an expiratory limb through which exhaled gases are carried back to the ventilator. Ventilator circuits are single-use disposable components that help minimize the risk of cross-contamination between patients. They are available in both non-heated and heated wired configurations depending on the clinical needs.
The global ventilator breathing circuit market is estimated to be valued at US$ 1.2 billion in 2023 and is expected to exhibit a CAGR of 12.% over the forecast period 2023-2033, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics
Increased demand for portable and home care ventilators is expected to drive the ventilator breathing circuit market growth over the forecast period. Portable ventilators offer patients mobility and flexibility to receive ventilation therapy at home or during transportation. This has reduced the duration of hospitalization for ventilation support. Moreover, the growing geriatric population prone to respiratory diseases and the rise in COVID-19 cases worldwide augmenting the demand for ventilator machines, ultimately boosting the ventilator breathing circuit market. However, development of advanced ventilation modes that reduce breathing circuit contamination may hinder market growth.
Segment Analysis
The ventilator breathing circuit market is dominated by adult ventilator circuits segment. Adult circuits are preferred over paediatric and neonatal circuits due to higher incidence of Chronic Obstructive Pulmonary Disease (COPD), lung cancer, and other respiratory issues among adults as compared to children. These circuits are designed to meet anatomical and physiological requirements of adult patients.
PEST Analysis
Political: Governments across countries are increasing healthcare spending to boost production of ventilators and related accessories during the ongoing COVID-19 pandemic. Supportive regulations regarding manufacturing and exports of critical medical devices will fuel market growth.
Economic: Rapidly growing geriatric population, rising cases of respiratory diseases, and increasing ICU admissions are driving the demand for ventilator circuits. However, high equipment costs and budgetary constraints in certain regions may restrict market expansion to some extent.
Social: Growing awareness about respiratory disorders and their management is positively impacting the sales of ventilator circuits. Favorable reimbursement policies make these life-saving devices more accessible across nations.
Technological: Manufacturers are developing user-friendly ventilator circuits integrated with sensors and microprocessors. This allows remote monitoring of patients and facilitates quick response during emergencies. Advances in materials used for circuit construction help improve gas exchange and reduce complications.
Key Takeaways
The Global Ventilator Breathing Circuit Market Growth is expected to witness high.
North America dominates the market currently due to high incidence of chronic respiratory conditions and presence of major industry players in the region. However, Asia Pacific is likely to emerge as the fastest growing market in the upcoming years supported by increasing healthcare investments, rising medical tourism, and growing geriatric demography.
Key players operating in the ventilator breathing circuit market are BD, Fisher & Paykel Healthcare, Armstrong Medical Inc., Smiths Group, Vyaire Medical, and Medtronic. These players are involved in new product launches, mergers, collaborations and expansions to strengthen their market position. An increase in the number of COVID-19 cases worldwide has boosted the demand for ventilator circuits amid the pandemic.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it