A mechanical ventilator is an artificial breathing device which helps patients suffering from chronic respiratory disease or insufficient breathing while inhaling and exhaling air into and out of the lungs. It is also a diagnostic tool to regulate the irregular functioning of respiratory system and the static compliance of airway resistance. A patient is connected to a ventilator through an endotracheal tube directly passed to the airway or NIV mask. Presently, transport/portable and intensive-care mechanical ventilators are the two most-widely used ventilators in the market.Technological innovations in respiratory care devices adds to the market expansion. The advent of cost-effective, patient-friendly, and portable devices further boosts their usage.Mechanical Ventilator Market was valued at US$ 3.2 Billion in 2024 and is projected to grow at a CAGR of 6.4% to reach US$ 5.9 billion by 2034.

The report. "Mechanical Ventilator Market, By Product Type (Intensive Care Unit/Critical Care, Transport/Portable/Ambulatory, and Neonatal Care), By Component (Devices and Services), By Mode (Non-invasive Ventilation and Invasive Ventilation), By Age Group (Pediatric, Adult, and Geriatric), By End User (Hospital & Clinic, Home Care, Ambulatory Surgical Center, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034”.

Key Highlights:

• In In August 2017, Koninklijke Philips N.V., introduced able ventilators under the name of Trilogy in North America. It was launched to help clinicians in improving the care levels of ventilated patients. The device can send information to the health care provider and provides remote patient monitoring solution, which can also help in decreasing re-admissions in hospitals.
• In September 2018, Philips Respironics introduced Trilogy Evo Ventilator which is a portable life support ventilator manufactured to help patients by providing them with consistent therapy and monitoring change care environments when their condition changes.
• In April 2018, Claire Medical, an innovative leader in respiratory care acquired Acutronic Medical Systems which is a worldwide recognized manufacturer of neonatal ventilation equipment.

Analyst View:

High prevalence of chronic respiratory diseases

Rising cases of chronic obstructive pulmonary disease (COPD) and respiratory emergencies are the major factors driving the global mechanical ventilator market growth. According to data published by the World Health Organization (WHO) in 2017, 65 million people suffer from moderate to severe COPD, leading to 3 million deaths. COPD is the third most deadly disease worldwide. Growing cases of bronchitis, asthma, and COPD are due to increase in air pollution levels. WHO reports that 9 out of 10 people are breathing air having a high concentration of pollutants. Further, as per the data stated by United Nations in 2018, the global geriatric population was about 809.4 million, and by 2050 it is expected to rise more than double to reach an projected population of over 2,000 million. The geriatric population is linked with various respiratory severe disorders that needs continuous long term ventilation.

Supportive government initiatives

Supportive government initiatives, especially in developing countries, will boost the target market development. Key players and Manufacturers in emerging economies, such as India and China, are focusing on creating non-invasive, cost-efficient ventilation systems to meet the local needs and provide flexibility in patient care. Developments, in terms of design, efficiency, and safety resulted in substantial benefits, such as better gas exchange, improved weaning, better oxygenation, and lower damage to the lungs.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Mechanical Ventilator Market”, By Product Type (Intensive Care Unit/Critical Care, Transport/Portable/Ambulatory, and Neonatal Care), By Component (Devices and Services), By Mode (Non-invasive Ventilation And Invasive Ventilation), By Age Group (Pediatric, Adult, and Geriatric), By End User (Hospital & Clinic, Home Care, Ambulatory Surgical Center, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034"

Key Market Insights from the report:        

Mechanical Ventilator Market was valued at US$ 3.2 Billion in 2024 and is projected to grow at a CAGR of 6.4% to reach US$ 5.9 billion by 2034.. The market report has been segmented on the basis of product type, component, mode, age group, end-user, and region.

• By product type, critical care ventilators dominated the target market in 2018 owing to their wide usage in hospitals. Hospitals are encouraging utilization of portable ventilators to provide faster and convenient care. Thus, increasing number of hospitals is also is projected to boost the segment growth.
• By component, the target market is segmented into devices and services
• By mode, the invasive ventilation mode estimated for largest revenue in 2017, and is projected to maintain its dominance over the forecast period owing to predominant use of invasive ventilators. Further, growth in patients with permanent breathing disability is also driving growth of this segment.
• By age group, the target market is segmented into pediatric, adult, and geriatric
• By end-use, the target market is segmented into hospital & clinic, home care, ambulatory surgical center, and others.
• By region, Asia Pacific is estimated to be the most lucrative regional market for mechanical ventilators due to growing cases of chronic respiratory diseases, increasing tax benefits and healthcare expenditure offered by the regional governments. Additionally, improved healthcare policies and infrastructural development promoting better care provision will boost the regional market over the forecast period.

Competitive Landscape:

The prominent player operating in the global mechanical ventilator market includes Draeger, Smiths Medical, Vyaire Medical, Philips Respironics, Ventinova, Medtronic, Plc, Mindray Medical International Limited, Becton Dickinson and Company, and Tecme SA.

The market provides detailed information regarding industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory framework across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included into the report.

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Some Important Points Answered in this Market Report Are Given Below:

• Explains an overview of the product portfolio, including product development, planning, and positioning
• Explains details about key operational strategies with focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
• Detailed analysis of the market revenue over the forecasted period.
• Examining various outlooks of the market with the help of Porter’s five forces Analysis, PEST & SWOT Analysis.
• Study on the segments that are anticipated to dominate the market.
• Study on the regional analysis that is expected to register the highest growth over the forecast period

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