The global mechanical ventilator market size is expected to reach USD 4.22 billion by 2030, registering a CAGR of 4.90% during the forecast period, according to a new report by Grand View Research, Inc. The unprecedented dawn of COVID19, increasing incidence of chronic obstructive pulmonary disease (COPD), rising incidence of respiratory emergencies, and technological innovation in respiratory care devices are the major factors driving the market for mechanical ventilators.
Technical advancements such as rapid innovation in the field of Positive Airway Pressure (PAP) devices, portability, and improvement in battery life of transport and portable devices are the primary factors that encourage the usage of mechanical ventilators. In April 2020, InnAccel Technologies announced the introduction of a non-invasive ventilation system intended for usage in ICU with COVID-19 patients. This system was engineered and manufactured in India to treat patients with deteriorating hypoxemia. Besides, this system functions across numerous settings and clinical applications, without the necessity of continuous electricity, or a trained breathing therapist.
Mechanical Ventilator Market Report Highlights
- Transport and portable ventilators are expected to register a lucrative CAGR over the forecast period. Hospitals are promoting the use of portable breathing machines to provide faster and continuous care to patients even prior to their arrival on the premises. Portable breathing machines fulfill the need of patients to obtain home care, thereby increasing their popularity
- The non-invasive ventilation mode segment held the largest revenue share in 2023 and is expected to witness the fastest growth during the forecast period. Non-invasive ventilation effectively supports and prevents the necessity for intubation in patients, thus supporting the segment growth
- The home healthcare end-use segment is expected to register a lucrative CAGR over the forecast period. This is a cost-efficient alternative to expensive hospital stays, hence is anticipated to gain popularity in the coming years
- North America dominated the market in 2023 owing to the rising geriatric population in the U.S., which is leading to a corresponding rise in the incidences of respiratory disorders along with a manufacturing boost.
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The WHO estimates that at present, approximately 90% of COPD deaths occur in low- and middle-income countries. Therefore, the rise in the prevalence of such diseases, new product launches, and the availability of portable, cost-contained, and easy-to-use mechanical ventilators for the treatment of respiratory conditions are expected to fuel the market growth worldwide. For instance, in August 2020, Spicejet introduced Spiceoxy, a portable, non-invasive ventilation device. The increasing awareness amongst the end users is projected to boost the demand over the forecast period.
Asia Pacific and Latin America are expected to witness lucrative growth over the forecast period. This growth is due to the presence of untapped opportunities, rising expenditure levels, and the introduction of favorable government initiatives. Market participants are constantly engaged in the development of new products in an attempt to improve presence and ensure sustainability. For instance, in April 2021, Drägerwerk AG & Co. KGaA has acquired the majority share of STIMIT AG. With this purchase, the company further increases its proficiency in the lung-protective ventilation field.
List of Key Players in the Mechanical Ventilator Market
- Abbott
- Boston Scientific Corporation
- BIOTRONIK
- MicroPort Scientific Corporation
- Stryker
- ResMed
- Fisher & Paykel Healthcare Limited
- Drägerwerk AG & Co. KGaA
- Getinge AB
- ZOLL Medical Corporation (Asahi Kasei Corporation)
- Air Liquide
We have segmented the global mechanical ventilator market based on product, ventilation mode, end-use, and region.
Mechanical Ventilator Product Outlook (Revenue, USD Million, 2018 - 2030)
- Critical Care
- Neonatal
- Transport & Portable
- Others
Mechanical Ventilator Ventilation Mode Outlook (Revenue, USD Million, 2018 - 2030)
- Invasive
- Non-invasive
Mechanical Ventilator End-use Outlook (Revenue, USD Million, 2018 - 2030)
- Mechanical Ventilator Hospitals
- Home healthcare
- Others
Mechanical Ventilator Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Research Methodology
We employ a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecasts possible. We utilize a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. Our market estimates and forecasts are derived through simulation models. A unique model is created and customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously.
About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S. based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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Grand View Research, Inc.
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Ventilator Market is expected to reach USD 1382.2 Million by 2026 from USD 628.5 Million in 2016 at a CAGR of 8.2% (Detailed analysis of the market CAGR is provided in the report).
Ventilators are mainly used in intensive care medicine, home care, and emergency medicine and in the case of anesthesia.
Modern ventilators are computerized machines, in which patients can be ventilated with a simple hand-operated bag valve mask.Global ventilator market based on mobility includes intensive care and portable/transportable ventilators.
The intensive care ventilators segment is expected to form one of the major contributors to the market growth due to the increasing number of intensive care units equipped with ventilators across large economies.
Based on an interface, the invasive ventilation segment is expected to hold one of the largest shares for a market.
Increasing geriatric population, high incidence of respiratory diseases, increasing demand for home care therapeutics and higher growth in developing countries like China, India, and Brazil are driving the demand for ventilators in these regions.The years that have been considered are:Base year – 2016Estimated year – 2017Forecast period – 2016 to 2026Key Highlights:Global Ventilator market analysis and forecast, in terms of volume and value.Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the ventilator market.Global Ventilator market segmentation on the basis mobility, type, interface, mode, end-user and geography (country-wise) has been provided.Global Ventilator market strategic analysis with respect to individual growth trends, future prospects along with a contribution of various sub-market stakeholders have been considered under the scope of the study.Ventilator market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the ventilator market are also profiled.Research MethodologyThe market is estimated by triangulation of data points obtained from various sources and feeding them into a simulation model created individually for each market.
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The industry report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.The report includes the forecasts, Analysis and discussion of important industry trends, market size, market share estimates and profiles of the leading industry Players.Final Report will cover the impact of COVID-19 on this industry.Access Full Report with Table of Contents @ https://www.decisiondatabases.com/ip/22494-mechanical-ventilators-market-analysis-reportThe Players mentioned in our reportMedtronicPHILIPSFisher HealthcareWeinmannGE HealthcareCareFusion CorporationDraeger Safety Inc.Puritan Bennett™（PB）DevilbissResMedSIEMENSMindrayAeonmedCURATIVEShenzhen ChenWeiSYSMEDSPHBMCSynapse Biomedical Inc. RMSGlobal Mechanical Ventilators Market: Product Segment AnalysisCompactPortableStandingGlobal Mechanical Ventilators Market: Application Segment AnalysisEmergency situationsIntensive Care Unit (ICU)TransportHome useGlobal Mechanical Ventilators Market: Regional Segment AnalysisUSAEuropeJapanChinaIndiaSouth East AsiaDownload Free Sample Report of World Mechanical Ventilators Market @ https://www.decisiondatabases.com/contact/download-sample-22494There are 10 Chapters to deeply display the World Mechanical Ventilators market.Chapter 1 About the Mechanical Ventilators IndustryChapter 2 World Market Competition LandscapeChapter 3 World Mechanical Ventilators Market shareChapter 4 Supply Chain AnalysisChapter 5 Company ProfilesChapter 6 Globalisation & TradeChapter 7 Distributors and CustomersChapter 8 Import, Export, Consumption and Consumption Value by Major CountriesChapter 9 World Mechanical Ventilators Market Forecast through 2022Chapter 10 Key success factors and Market OverviewPurchase full World Mechanical Ventilators Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-22494Other Reports by DecisionDatabases.com:World Homecare Ventilator Market by Product Type, Market, Players and Regions-Forecast to 2023World Mine Ventilation Equipment Market Research Report 2024 (Covering USA, Europe, China, Japan, India and etc)About Us:DecisionDatabases.com is a global business research report provider, enriching decision makers and strategists with qualitative statistics.
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