Global Mechanical Ventilator Market Overview
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.
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.
Global Mechanical Ventilator Market Dynamics
High prevalence of chronic respiratory diseases
Rising cases of chronic obstructive pulmonary disease (COPD) and respiratory emergencies are the major factors driving the 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.
However, rising costs of mechanical ventilators and growing incidence of ventilator-associated pneumonia are expected to limit the target market growth.
Global Mechanical Ventilator Market Segmentation
Mechanical ventilator market is segmented based on product type, component, mode, age group, end-user, and region.
On the basis of product type, the mechanical ventilator market is segmented into Intensive care unit/critical care, transport/portable/ambulatory, and neonatal care. Based on component, the target market is segmented into devices and services. Based on mode, the target market is segmented into non-invasive ventilation and invasive ventilation. Based age group, the target market is segmented into pediatric, adult, and geriatric. Based on end-user, the target market is segmented into hospital & clinic, home care, ambulatory surgical center, and others.
Regional Insights:
On region the mechanical ventilator market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. 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. Europe is also expected to witness a lucrative growth in the coming years owing to a significant growth in the cases of COPD. As per the European Lung Foundation, every year, about 2 to 3 lack deaths occur due to COPD. Presence of major companies, such as Draeger and GE Healthcare, in Europe will also help to fuel the region’s growth. In 2018, North America estimated for highest market share and is accounted to maintain the dominance over the forecast period. Furthermore, growing geriatric population in the U.S. is resulting to rising incidences of respiratory disorders, which further propels the target market growth.
Report Scope:
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Attribute |
Details |
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Base year for estimation |
2023 |
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Forecast period |
2024 – 2034 |
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Market representation |
Revenue in USD Million & CAGR from 2024 – 2034 |
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Market Segmentation |
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 |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest application trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the Mechanical Ventilator market report based on product type, component, mode, age group, end-user, and region.
Mechanical Ventilator Market, By Product type:
- Intensive Care Unit/Critical Care
- Transport/Portable/Ambulatory
- Neonatal Care
Mechanical Ventilator Market, By Component:
- Devices
- Services
Mechanical Ventilator Market, By Mode:
- Non-Invasive Ventilation
- Invasive Ventilation
Mechanical Ventilator Market, By Age Group:
- Hospital and Clinic
- Home Care
- Ambulatory Surgical Center
- Others
Mechanical Ventilator Market, By End-user:
- Independent Reference Laboratories
- Hospitals & Transplant Centers
- Research Laboratories & Academic Institutes
Mechanical Ventilator Market, By Region:
- North America
- Middle East & Africa
-
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
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- Latin America
-
- Brazil
- Mexico
- Rest of Latin America
-
- Asia Pacific
-
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
-
- Europe
-
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
-
-
- U.S.
- Canada
- Middle East & Africa
Global Mechanical Ventilator Market Key Players
The key players operating the 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. These key players are actively involved in technological advancements and product innovations to sustain their position in the target market. For instance, in September 2017, Mindray Bio-Medical Electronics Co., Ltd. introduced ventilator SV800 and expanded its product portfolio. Further, in August 2017, Ventinova developed its new mechanical ventilator Evone and started distributing it in selected hospitals in Europe from 2018.
Global Mechanical Ventilator Market Company Profile
- Draeger
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Smiths Medical
- Vyaire Medical
- Philips Respironics
- Ventinova, Medtronic, Plc
- Mindray Medical International Limited
- Becton Dickinson and Company
- Tecme SA
“*” marked represents similar segmentation in other categories in the respective section
Global Mechanical Ventilator Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Preview
- Executive Summary
- Key Findings—Global Outlook for Mechanical Ventilator Strategies
- Key Questions this Study will Answer
- Market Snippet, By Product Type
- Market Snippet, By Component
- Market Snippet, By Mode
- Market Snippet, By Age Group
- Market Snippet, By End-user
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Market Segmentation, By Product Type, 2024 – 2034, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2024 – 2034
- Y-o-Y Growth Analysis (%), 2024 – 2034
- Segment Trends
- Intensive Care Unit/Critical Care
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Transport/Portable/Ambulatory
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Neonatal Care
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Overview
- Market Segmentation, By Component, 2024 – 2034, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2024 – 2034
- Y-o-Y Growth Analysis (%), 2024 – 2034
- Segment Trends
- Devices
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Services
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Overview
- Market Segmentation, By Mode, 2024 – 2034, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2024 – 2034
- Y-o-Y Growth Analysis (%), 2024 – 2034
- Segment Trends
- Non-invasive Ventilation
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Invasive Ventilation
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Overview
- Market Segmentation, By Age Group, 2024 – 2034, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2024 – 2034
- Y-o-Y Growth Analysis (%), 2024 – 2034
- Segment Trends
- Pediatric
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Adult
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Geriatric
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Overview
- Market Segmentation, By End-user, 2024 – 2034, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2024 – 2034
- Y-o-Y Growth Analysis (%), 2024 – 2034
- Segment Trends
- Hospital & Clinic
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Home Care
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Ambulatory Surgical Center
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Others
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Overview
- Global Market, By Region, 2024 – 2034, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2024 – 2034
- Y-o-Y Growth Analysis (%), 2024 – 2034
- Regional Trends
- North America
- Market Size and Forecast (US$ Bn), By Product Type, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Component, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Mode, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Age Group, 2024 – 2034
- Market Size and Forecast (US$ Bn), By End-user, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Country, 2024 – 2034
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Bn), By Product Type, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Component, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Mode, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Age Group, 2024 – 2034
- Market Size and Forecast (US$ Bn), By End-user, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Country, 2024 – 2034
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Bn), By Product Type, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Component, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Mode, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Age Group, 2024 – 2034
- Market Size and Forecast (US$ Bn), By End-user, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Country, 2024 – 2034
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Bn), By Product Type, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Component, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Mode, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Age Group, 2024 – 2034
- Market Size and Forecast (US$ Bn), By End-user, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Country, 2024 – 2034
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Bn), By Product Type, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Component, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Mode, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Age Group, 2024 – 2034
- Market Size and Forecast (US$ Bn), By End-user, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Country, 2024 – 2034
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
-
- Draeger
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Smiths Medical
- Vyaire Medical
- Philips Respironics
- Ventinova, Medtronic, Plc
- Mindray Medical International Limited
- Becton Dickinson and Company
- Tecme SA
- Draeger
-
- The Last Word
- Future Impact
- About Us
- Contact
FAQs
The global mechanical ventilator market is segmented based on product type, component, mode, age group, end-user, and region.
Rising cases of chronic obstructive pulmonary disease (COPD) and respiratory emergencies are the major factors driving the global mechanical ventilator market growth.
The 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.
These key players are actively involved in technological advancements and product innovations to sustain their position in the target market. For instance, in September 2017, Mindray Bio-Medical Electronics Co., Ltd. introduced the ventilator SV800 and expanded its product portfolio.