Portable Medical Ventilator Market Share

North America Market Statistics

By 2037, North America portable medical ventilator market is predicted to account for around 57.8% revenue share. The region boasts tremendous technological advancements in which companies focus more on compact user-friendly ventilators with smart features that include remote monitoring and data analytics. This is also instrumental to the increasing demand for home care as portable ventilators find a huge demand for patients requiring long-term respiratory support outside of the clinical environment.    

Well-established healthcare infrastructure and favorable reimbursement policies in the U.S. raise the ante for market growth. More innovation into fast-tracking advanced ventilator solutions in the market has been spurred by regulatory agencies, such as the FDA, through the simplification and hastening of the review of medical device approval. For instance, in November 2023, an umbrella (Emergency Use Authorization (EUA)) issued by the FDA permits the emergency use of specific ventilators, ventilator tubing connectors, ventilator accessories, and anesthesia gas machines.

In Canada, health emergencies require prior preparedness due to the increased awareness brought about by the COVID-19 pandemic, and the increasing demand for portable ventilators as an essential disaster response and preparedness component. For instance, in April 2020, Ventilators for Canadians partnered with Baylis Medical, to produce ventilators for hospitals all over the country. With the recent announcement of the Government of Canada's support for firms that produce essential medical supplies, Baylis can contribute to the care of patients affected by the COVID-19 virus.

Asia Pacific Market Analysis

Asia Pacific is the most rapidly growing region in the portable medical ventilator market, driven by the trend of increasing affordability of medical devices. The capabilities and skills of local manufacturers have made these devices accessible and innovative in urban and rural regions. In addition, the growing focus on disaster preparedness is driving the market to develop and equip itself with the latest and most efficient solutions to meet the demand consistently.

The primary growth driver for the portable medical ventilator market in China is that the country is increasing in popularity amongst patients, traveling from nearby regions to get advanced medical treatment. Consequently, local manufacturers have mitigated their costs for these medical devices to make them reach wider regions. For instance, in April 2020, as the world's demand for life-saving devices soared due to the coronavirus pandemic, China ventilator manufacturers worked consistently to increase supply. Thus, became one of the largest suppliers at that time.

The market in India is evolving at a steady pace as it embraces inventions in existing technologies to combat the growing instances of respiratory diseases. The breakthrough of studies and research allow the players in the market to remain competitive and offer reliable solutions in the portable medical ventilators market.  For instance, in September 2021, Noccarc, a Pune-based startup, installed more than 3000 of its flagship V310 ventilators in more than 500 hospitals nationwide.