Ventilator Market Growing at a CAGR of Around 9.7% by 2027

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Global ventilators market size surpassed USD 2.1 billion in 2019, and is projected to surpass around USD 4.1 billion by 2027, growing at a CAGR of around 9.7% between 2020 and 2027.

It is also known as a mechanical ventilator, breathing machine, and respirator. Ventilators can be set to take a certain number of breaths per minute. This machine does not cure any illness that caused breathing problems, however, it helps to survive until the patient gets better and lungs can work on their own. There are a variety of ventilators available in the market that can be used particularly in ICUs, emergency departments, anesthesia workstations, MRI rooms, operation theatres, aircraft, ambulances and homecare.

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According to the analysis, the Ventilators market is estimated to reach $2,037.0 million by 2027. The factors such as rising incidences of respiratory diseases, rapid growth in the geriatric population requiring long term ventilation, increase in the number of premature birth and the emergence of the COVID-19 pandemic are the factors driving the market growth, technological advancements such as hybrid respiratory solutions, wireless connectivity, high-performance turbine-based ventilators, helmet based ventilators and 3D printing are the opportunities for the growth. Whereas the increase in product recalls, the high cost of the ventilators and complications associated with the use of ventilators in neonates are restraining the market growth. The threat to the ventilators market includes a lack of awareness about the disorder, stringent regulatory requirements for new product approvals and a shortage of skilled professionals.

Growth Factors

The factors such as rising incidences of respiratory diseases, rapid growth in the geriatric population requiring long term ventilation, increase in the number of premature birth and the emergence of the COVID-19 pandemic are the factors driving the market growth, technological advancements such as hybrid respiratory solutions, wireless connectivity, high-performance turbine-based ventilators, helmet based ventilators and 3D printing are the opportunities for the growth.

Whereas the increase in product recalls, the high cost of the ventilators and complications associated with the use of ventilators in neonates are restraining the market growth. The threat to the ventilators market includes a lack of awareness about the disorder, stringent regulatory requirements for new product approvals and a shortage of skilled professionals.

The intensive care ventilators segment is expected to account for the largest share of the ventilators market in 2019

Based on mobility, the market for the ventilators is segmented into intensive care ventilators and portable/transportable ventilators. The intensive care ventilators segment accounted for the largest share of the market. The large share of the market can be attributted due to the rising number of intensive care beds equipped with ventilators. The increasing ICU admission due to COVID-19 and readmissions in developed countries coupled with appropriate reimbursement is also responsible for the growth of the ICU ventilators segment. The ICU ventilators segment is further sub segmented into high-end ICU ventilators, mid-end ICU ventilators and basic ICU ventilators.

Adult/pediatric ventilators to witness the highest growth during the forecast period

Based on type, the market for the ventilators is segmented into adult/pediatric ventilators and neonatal/infant ventilators. The adult/pediatric ventilators segment is estimated to grow at the highest growth during the forecast period. Factors such as the large adult population suffering from COVID-19, chronic diseases such as COPD & asthma, the high prevalence of smoking, and the rising geriatric population are driving the growth of this segment.

The hospitals & clinics segment is expected to account for the largest share of the ventilators market in 2019

On the basis of end user, the ventilators market is segmented into hospitals and clinics, home care, ambulatory care center, and emergency medical services. The hospitals and clinics segment is estimated to hold the largest share of the ventilators market in 2019. The large share of this segment can be attributed to hospitals’ financial capabilities to purchase high-priced instruments and the availability of trained professionals to operate ventilators. The growth of this segment can be attributed to the rapidly increasing incidence of coronavirus disease. The COVID-19 outbreak has not only created pressure on healthcare resources but has also increased the number of hospital admissions.

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The Middle East & Africa region is expected to grow at the highest CAGR during the forecast period

The ventilators market in the Middle East & Africa region is expected to register the highest CAGR during the forecast period. This regional market is expected to grow at the highest rate due to a number of factors, such as the increasing government initiatives, subsequent improvements in the healthcare infrastructure in emerging countries, rising medical tourism, and growing demand for quality healthcare.

Major players in Ventilators global market are Koninklijke Philips N.V. (The Netherlands), GE Healthcare (U.S.), Medtronic, PLC (Ireland), ResMed Inc. (U.S.), Ventec Life Systems (U.S.), Vyaire Medical Inc. (U.S.), Hamilton Medical Corporation (Switzerland), Asahi Kasei Group Company (Zoll Medical Corporation) (Japan), Getinge AB (Sweden), Air Liquide Medical System SA (France), and Shenzhen Mindray Bio-Medical Electrics Co., Ltd. (China).

Market Segmentation

Global Ventilators Market: By Mobility

  • Portable/ Transportable Ventilators
  • Intensive Care Ventilators
    • High-End ICU Ventilators
    • Mid-End ICU Ventilators
    • Basic ICU Ventilators

Global Ventilators Market: By Type 

  • Neonatal/ Infant Ventilators
  • Pediatric Ventilators
  • Adult Ventilators

Global Ventilators Market: By Interface   

  • Invasive Ventilation
  • Non-Invasive Ventilation

Global Ventilators Market: By End User   

  • Neonatal/ Infant Ventilators
  • Ambulatory Care Centers
  • Home Care Setting
  • Emergency Medical Services (EMS)
  • Others

Global Ventilators Market: By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Report Scope

The Ventilators market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Ventilators market for the base year 2020 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Ventilators market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Ventilators market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Ventilators market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Ventilators capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Ventilators by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Ventilators market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Ventilators market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Ventilators market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Ventilators industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

Ventilators market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Ventilators market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Ventilators market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Ventilators market. These factors have benefited the growth of the global market for Ventilators. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Ventilators. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Ventilators are as follows:

  • History Year: 2016-2019
  • Base Year: 2020
  • Forecast Year 2020 to 2027

Reasons to Purchase this Report:

– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

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Steve Robber

My name is Steve Robber, I’m the Owner of Market Stats News. Steve has served in many positions at various organizations for the past seven years. Currently he is an Author at Finance.Yahoo. Contact us for a free news publication, we look forward to speaking with you!

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