Market Insight

Ventilator manufacturers continue to focus on patient safety and workflow to help win dollars

May 24, 2019

Kelly Patrick Kelly Patrick Research Manager, Healthcare Technology, IHS Markit

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With the growing trend to focus on the quality of care provided by healthcare institutions, the critical care ventilator market has seen several transitions over the last few years. The ventilator market in developed regions is largely saturated; additionally, with continued focus on reducing healthcare spending, these markets are becoming increasingly price sensitive. Product technology evolution continues to revolve around features that not only improve patient outcomes by improving patient comfort and safety, but also improve clinical workflow.

The rise in the use of electronic medical records has increased the amount of patient data and subsequently its use. The push to the utilization of patient data is not only driving predictive diagnosis in precision medicine but is also being used to improve product development. Many of the leading players are now incorporating algorithms that utilize important patient data to improve patient care and to reduce infections as a result of ventilator usage. The overall aim is to improve operational efficiency, workflow and clinical support. The use of machine learning algorithms is thought to aid decision support, create personalized medicine and free up physician time to drive a higher level of quality care provision.

Several leading suppliers to the ventilator market have revamped their product lines to meet the increasing need for intelligent and adaptive solutions. Most notable launches in the critical care ventilator space include:

Hamilton

Hamilton’s C6 product launch targets the high-acuity critical care market. It offers full patient coverage from adult to neonatal care settings, and is portable for intra-hospital transportation of patients, offering a cost-effective solution. Hamilton’s key technology developments include:

  • Real-time synchronization with IntelliSync+ to detect patient efforts and cycling immediately, and initiate inspiration and expiration in real-time.
  • Protective Ventilation Tool (P/V Tool Pro) performs a respiratory mechanics maneuver that records a quasi-static pressure/volume curve.
  • Automated ventilation with INTELLiVENT-ASV, to automatically control the ventilation and oxygenation of the patient. Easy interface with patient monitors enabling continuous monitoring and patient data integration.
  • Onscreen help to troubleshoot alarms to reduce alarm fatigue.

Philips Healthcare

In 2015, Philips Healthcare V680 critical care ventilator was launched offering both invasive and non-invasive ventilator modes. The ventilator offers high-level care at a lower cost, suitable for all budgets, increasing its competitive play in the market. The product aimed to facilitate quick transitions between therapy options to enhance patient comfort. Product enhancements improve patient safety and workflow. The resistance (R) and compliance (C) calculations on the Respironics V680 ventilator system leverage advanced data acquisition and signal processing capabilities to allow pause-free, dynamic, breath-to-breath estimates of these parameters.

GE Healthcare

GE Healthcare has streamlined its product offering, with focus on its Carescape R860 portfolio, providing neonatal to adult ventilation support. The R860 offers an intuitive user interface to optimize workflow and clinical decision support software to help guide clinicians on the best course of action for patient therapy. Lung protection, nutritional assessment and weaning support are key customizable tools that are offered to help clinicians to provide the most appropriate respiratory therapy for their patients.

It is clear that these products all aim to improve patient safety, aid clinical diagnosis and to reduce overall cost to the healthcare professional. Product developments in the ventilator market will continue as the true benefits of improving patient workflow and safety are widely recognized. IHS Markit estimated the global critical care ventilator market to be the largest of the ventilator markets, it was estimated at $1.3 billion in 2018. Generally, the market is seeing much slower growth rates than previously projected. Healthcare providers are becoming more conscientious of their budgets and purchasing products only when required. Products that ensure cost efficiency and patient safety are in greatest demand. Global revenues for critical care ventilators are projected to increase to $1.6 billion by 2023.

IHS Markit will continue to follow these trends as part of our coverage of the ventilator industry, including syndicated reports on ventilators, digital health, and artificial intelligence. For more information, please contact Kelly Patrick at Kelly.Patrick@ihsmarkit.com.

 

Research by Market
Healthcare Technology
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