Healthcare

Ventilator Market to Reach Valuation of US$ 6.4 Billion By 2030

The global ventilator market size is forecasted to reach from US$ 2.7 billion in 2021 to US$ 6.4 Billion by 2030. Furthermore, the growth rate (CAGR) from 2021 to 2030 is positioned to be at a CAGR of 10%, as per reports by market research and consulting organization Precedence Research. The intensive care ventilators segment is expected to be worth USD 5.7 billion in 2021.

The report contains 150+ pages with detailed analysis. The base year for the study has been considered 2021, the historic year 2017 and 2020, the forecast period considered is from 2021 to 2030. The ventilator market is analyzed on the basis of value (US$ Million), volume (Unit), and price (US$/Unit).

The rising prevalence of the chronic respiratory diseases among the population is boosting the growth of the global ventilator market. Chronic obstructive pulmonary disease (COPD), asthma, occupational lung disease, and pulmonary hypertension are the most common chronic respiratory diseases. The demand for the respiratory monitoring devices including the ventilators surged rapidly in 2020 owing to the rapid spread of the COVID-19 virus across the globe.

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According to the WHO, around 4.7 million patients were affected by the COVID-19 virus by May 2020. There is an acute shortage of ventilators across the globe. The rising investments by the top market players to expand the production capabilities are expected to drive the growth of the global ventilator market. For instance, in April 2020, Koninklijke Philips raised its production capacity of ventilator for hospital to meet the demand-supply gap of the ventilators.

Market Overview

The ventilator market study conducted by Precedence Research is intended at helping stakeholders get a comprehensive overview of potential challenges and undiscovered opportunities. The report offers exclusive insights to help companies make informed decision to sustain growth through the assessment period.

Report Highlights

  • Based on the type, the adult segment dominated the market in 2020. The old age people are vulnerable to various chronic diseases and has increased chances of getting admitted to the ICUs for treatment. Therefore, the rapidly growing geriatric population is a major market driver.According to the United Nations, there were around 382 million old age people, aged 60 years or above, across the globe in 2017 ad this number is expected 2.1 billion by 2050. Hence, the growing geriatric population across the globe is the most prominent driver of this segment.
  • Based on the interface, the invasive segment dominated the market growth in 2020. This can be attributed to the increasing prevalence of chronic respiratory diseases like COPD. According to the WHO, the chronic obstructive pulmonary disease (COPD) caused 3.23 million deaths in 2019 and it is the third leading cause of death across the globe. Thus, the rising incidences of COPD and other respiratory diseases have significantly boosted the adoption of the ventilators in the past few years.
  • Based on the end user, the specialty clinics segment is estimated to be the most opportunistic segment during the forecast period. The rising preference of the people in adoption of the services of the specialty clinics owing to its conveniences and personalized services is expected to drive the growth of this segment. Moreover, rising disposable income and increased healthcare expenditure has resulted in the increased demand for the specialized and premium services offered by the specialty clinics.

Scope of the Ventilator Market Report

Report Highlights Details
Market Size in 2030 USD 4.7 Billion
Growth Rate CAGR of 10% From 2021 to 2030
Largest Market North America
Fastest Growing Market Asia Pacific
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered Type, Interface, End User, Region

Market Dynamics

Driver

The rising number of ICU admissions is expected to drive the market

The respiratory diseases is rising across the globe owing to various factors such as smoking, pollutions, obesity, and changing lifestyle. According to the University of California, over 2 million patients in Germany is admitted to ICU every year and around 42% of these patients require ventilation. Hence, the rising number of ICU admissions is expected to drive the market growth in the forthcoming years.

Ventilator Market Share, By Type, 2020 (%)

Type Segment 2020 (%)
Adult 65 %
Neonatal 35 %

Restraint

Lack of proper healthcare infrastructure

The lack of adequate healthcare infrastructure in the underdeveloped and developing regions coupled with lack of adequate number of ICU units in hospitals may restrict the adoption of the ventilators, which may hinder the market growth during the forecast period.

Opportunities

Technological advancements in the ventilators

The rising investments in the research and development of the ventilator technologies has resulted in the new product launches with latest features that is expected to foster the market growth in the foreseeable future. For instance, in January 2020, Dragerwerk introduced new ventilators for ICU that supports the accomplishment of daily clinical tasks in the ICU units.

Challenges

Huge gap in the demand and supply

There is a huge gap between the demand and supply of the ventilators across the globe. The time required to fill this gap is huge and hence the potential growth in the revenue is not achieved by the market players.

Competitive Landscape Analysis:

Some of the leading companies operating in the ventilator market are profiled in the market study. The report also underscores winning strategies adopted over the last few years and gauges impact of the same on growth trajectory exhibited by the market over the last few years.

Regional Snapshot

North America dominated the global ventilator market in 2020. This is attributed to the increased number of ICU admissions in the region. As per the Society of Critical Care Medicine, over 5 million people get admitted to the ICU in US per year. Around 40% to 50% of these ICU admissions requires mechanical ventilation. Therefore, the rising number of admissions to ICU is expected to boost the adoption of the ventilators in the forthcoming years. Increased disposable income, increased adoption of healthcare insurances, and increased healthcare expenditure are the few factors that drives the growth of this region.

Asia Pacific is estimated to be the most opportunistic market during the forecast period. The rising pollution levels owing to the rapid urbanization and industrialization is expected to boost the number of respiratory diseases in the region. Further, rising government investments in the development of sophisticated healthcare infrastructure is further expected to increase the adoption of the ventilator across the healthcare units in the region.

Major companies operating in this report are

  • ACOMA Medical Industry Co., Ltd.
  • Dragerwerk AG & Co. KGaA
  • MAQUET Holding B.V. & Co. KG.
  • Bio-Medical Devices Intl
  • GE Healthcare
  • CareFusion Corporation
  • Bunnell Incorporated
  • Covidien
  • Teleflex Incorporated
  • Koninklijke Philips N.V.

Market Segmentation

By Type

  • Adult
  • Neonatal

By Interface

  • Invasive
  • Non-Invasive

By End User

  • Hospitals
  • Specialty Clinics
  • Others

By Mode

  • Combined Mode Ventilation
  • Volume Mode Ventilation
  • Pressure Mode Ventilation
  • Others

By Mobility

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

Regional Segmentation

– North America (U.S. and Canada)

 – Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)

 – Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)

 – Latin America (Brazil and Rest of Latin America)

– Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Why should you invest in this report?

If you are aiming to enter the global ventilator market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for ventilator are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030, so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

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TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Ventilator Market 

5.1. COVID-19 Landscape: Ventilator Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Ventilator Market, By Type

8.1. Ventilator Market, by Type, 2021-2030

8.1.1. Adult

8.1.1.1. Market Revenue and Forecast (2019-2030)

8.1.2. Neonatal

8.1.2.1. Market Revenue and Forecast (2019-2030)

Chapter 9. Global Ventilator Market, By Interface Type

9.1. Ventilator Market, by Interface Type, 2021-2030

9.1.1. Invasive

9.1.1.1. Market Revenue and Forecast (2019-2030)

9.1.2. Non-Invasive

9.1.2.1. Market Revenue and Forecast (2019-2030)

Chapter 10. Global Ventilator Market, By End User Type 

10.1. Ventilator Market, by End User Type, 2021-2030

10.1.1. Hospitals

10.1.1.1. Market Revenue and Forecast (2019-2030)

10.1.2. Specialty Clinics

10.1.2.1. Market Revenue and Forecast (2019-2030)

10.1.3. Others

10.1.3.1. Market Revenue and Forecast (2019-2030)

Chapter 11. Global Ventilator Market, By Mode Type

11.1. Ventilator Market, by Mode Type, 2021-2030

11.1.1. Combined Mode Ventilation

11.1.1.1. Market Revenue and Forecast (2019-2030)

11.1.2. Volume Mode Ventilation

11.1.2.1. Market Revenue and Forecast (2019-2030)

11.1.3. Pressure Mode Ventilation

11.1.3.1. Market Revenue and Forecast (2019-2030)

11.1.4. Others

11.1.4.1. Market Revenue and Forecast (2019-2030)

Chapter 12. Global Ventilator Market, By Mobility Type

12.1. Ventilator Market, by Mobility, 2021-2030

12.1.1. Intensive Care Ventilators

12.1.1.1. Market Revenue and Forecast (2019-2030)

12.1.2. High-end ICU Ventilators

12.1.2.1. Market Revenue and Forecast (2019-2030)

12.1.3. Mid-end ICU Ventilators

12.1.3.1. Market Revenue and Forecast (2019-2030)

12.1.4. Basic ICU Ventilators

12.1.4.1. Market Revenue and Forecast (2019-2030)

12.1.5. Portable/Transportable Ventilators

12.1.5.1. Market Revenue and Forecast (2019-2030)

Chapter 13. Global Ventilator  Market, Regional Estimates and Trend Forecast

13.1. North America

13.1.1. Market Revenue and Forecast, by Type (2019-2030)

13.1.2. Market Revenue and Forecast, by Interface (2019-2030)

13.1.3. Market Revenue and Forecast, by End User (2019-2030)

13.1.4. Market Revenue and Forecast, by Mode (2019-2030)

13.1.5. Market Revenue and Forecast, by Mobility (2019-2030)

13.1.6. U.S.

13.1.6.1. Market Revenue and Forecast, by Type (2019-2030)

13.1.6.2. Market Revenue and Forecast, by Interface (2019-2030)

13.1.6.3. Market Revenue and Forecast, by End User (2019-2030)

13.1.6.4. Market Revenue and Forecast, by Mode (2019-2030)

13.1.7. Market Revenue and Forecast, by Mobility (2019-2030)

13.1.8. Rest of North America

13.1.8.1. Market Revenue and Forecast, by Type (2019-2030)

13.1.8.2. Market Revenue and Forecast, by Interface (2019-2030)

13.1.8.3. Market Revenue and Forecast, by End User (2019-2030)

13.1.8.4. Market Revenue and Forecast, by Mode (2019-2030)

13.1.8.5. Market Revenue and Forecast, by Mobility (2019-2030)

13.2. Europe

13.2.1. Market Revenue and Forecast, by Type (2019-2030)

13.2.2. Market Revenue and Forecast, by Interface (2019-2030)

13.2.3. Market Revenue and Forecast, by End User (2019-2030)

13.2.4. Market Revenue and Forecast, by Mode (2019-2030)

13.2.5. Market Revenue and Forecast, by Mobility (2019-2030)

13.2.6. UK

13.2.6.1. Market Revenue and Forecast, by Type (2019-2030)

13.2.6.2. Market Revenue and Forecast, by Interface (2019-2030)

13.2.6.3. Market Revenue and Forecast, by End User (2019-2030)

13.2.7. Market Revenue and Forecast, by Mode (2019-2030)

13.2.8. Market Revenue and Forecast, by Mobility (2019-2030)

13.2.9. Germany

13.2.9.1. Market Revenue and Forecast, by Type (2019-2030)

13.2.9.2. Market Revenue and Forecast, by Interface (2019-2030)

13.2.9.3. Market Revenue and Forecast, by End User (2019-2030)

13.2.10. Market Revenue and Forecast, by Mode (2019-2030)

13.2.11. Market Revenue and Forecast, by Mobility (2019-2030)

13.2.12. France

13.2.12.1. Market Revenue and Forecast, by Type (2019-2030)

13.2.12.2. Market Revenue and Forecast, by Interface (2019-2030)

13.2.12.3. Market Revenue and Forecast, by End User (2019-2030)

13.2.12.4. Market Revenue and Forecast, by Mode (2019-2030)

13.2.13. Market Revenue and Forecast, by Mobility (2019-2030)

13.2.14. Rest of Europe

13.2.14.1. Market Revenue and Forecast, by Type (2019-2030)

13.2.14.2. Market Revenue and Forecast, by Interface (2019-2030)

13.2.14.3. Market Revenue and Forecast, by End User (2019-2030)

13.2.14.4. Market Revenue and Forecast, by Mode (2019-2030)

13.2.15. Market Revenue and Forecast, by Mobility (2019-2030)

13.3. APAC

13.3.1. Market Revenue and Forecast, by Type (2019-2030)

13.3.2. Market Revenue and Forecast, by Interface (2019-2030)

13.3.3. Market Revenue and Forecast, by End User (2019-2030)

13.3.4. Market Revenue and Forecast, by Mode (2019-2030)

13.3.5. Market Revenue and Forecast, by Mobility (2019-2030)

13.3.6. India

13.3.6.1. Market Revenue and Forecast, by Type (2019-2030)

13.3.6.2. Market Revenue and Forecast, by Interface (2019-2030)

13.3.6.3. Market Revenue and Forecast, by End User (2019-2030)

13.3.6.4. Market Revenue and Forecast, by Mode (2019-2030)

13.3.7. Market Revenue and Forecast, by Mobility (2019-2030)

13.3.8. China

13.3.8.1. Market Revenue and Forecast, by Type (2019-2030)

13.3.8.2. Market Revenue and Forecast, by Interface (2019-2030)

13.3.8.3. Market Revenue and Forecast, by End User (2019-2030)

13.3.8.4. Market Revenue and Forecast, by Mode (2019-2030)

13.3.9. Market Revenue and Forecast, by Mobility (2019-2030)

13.3.10. Japan

13.3.10.1. Market Revenue and Forecast, by Type (2019-2030)

13.3.10.2. Market Revenue and Forecast, by Interface (2019-2030)

13.3.10.3. Market Revenue and Forecast, by End User (2019-2030)

13.3.10.4. Market Revenue and Forecast, by Mode (2019-2030)

13.3.10.5. Market Revenue and Forecast, by Mobility (2019-2030)

13.3.11. Rest of APAC

13.3.11.1. Market Revenue and Forecast, by Type (2019-2030)

13.3.11.2. Market Revenue and Forecast, by Interface (2019-2030)

13.3.11.3. Market Revenue and Forecast, by End User (2019-2030)

13.3.11.4. Market Revenue and Forecast, by Mode (2019-2030)

13.3.11.5. Market Revenue and Forecast, by Mobility (2019-2030)

13.4. MEA

13.4.1. Market Revenue and Forecast, by Type (2019-2030)

13.4.2. Market Revenue and Forecast, by Interface (2019-2030)

13.4.3. Market Revenue and Forecast, by End User (2019-2030)

13.4.4. Market Revenue and Forecast, by Mode (2019-2030)

13.4.5. Market Revenue and Forecast, by Mobility (2019-2030)

13.4.6. GCC

13.4.6.1. Market Revenue and Forecast, by Type (2019-2030)

13.4.6.2. Market Revenue and Forecast, by Interface (2019-2030)

13.4.6.3. Market Revenue and Forecast, by End User (2019-2030)

13.4.6.4. Market Revenue and Forecast, by Mode (2019-2030)

13.4.7. Market Revenue and Forecast, by Mobility (2019-2030)

13.4.8. North Africa

13.4.8.1. Market Revenue and Forecast, by Type (2019-2030)

13.4.8.2. Market Revenue and Forecast, by Interface (2019-2030)

13.4.8.3. Market Revenue and Forecast, by End User (2019-2030)

13.4.8.4. Market Revenue and Forecast, by Mode (2019-2030)

13.4.9. Market Revenue and Forecast, by Mobility (2019-2030)

13.4.10. South Africa

13.4.10.1. Market Revenue and Forecast, by Type (2019-2030)

13.4.10.2. Market Revenue and Forecast, by Interface (2019-2030)

13.4.10.3. Market Revenue and Forecast, by End User (2019-2030)

13.4.10.4. Market Revenue and Forecast, by Mode (2019-2030)

13.4.10.5. Market Revenue and Forecast, by Mobility (2019-2030)

13.4.11. Rest of MEA

13.4.11.1. Market Revenue and Forecast, by Type (2019-2030)

13.4.11.2. Market Revenue and Forecast, by Interface (2019-2030)

13.4.11.3. Market Revenue and Forecast, by End User (2019-2030)

13.4.11.4. Market Revenue and Forecast, by Mode (2019-2030)

13.4.11.5. Market Revenue and Forecast, by Mobility (2019-2030)

13.5. Latin America

13.5.1. Market Revenue and Forecast, by Type (2019-2030)

13.5.2. Market Revenue and Forecast, by Interface (2019-2030)

13.5.3. Market Revenue and Forecast, by End User (2019-2030)

13.5.4. Market Revenue and Forecast, by Mode (2019-2030)

13.5.5. Market Revenue and Forecast, by Mobility (2019-2030)

13.5.6. Brazil

13.5.6.1. Market Revenue and Forecast, by Type (2019-2030)

13.5.6.2. Market Revenue and Forecast, by Interface (2019-2030)

13.5.6.3. Market Revenue and Forecast, by End User (2019-2030)

13.5.6.4. Market Revenue and Forecast, by Mode (2019-2030)

13.5.7. Market Revenue and Forecast, by Mobility (2019-2030)

13.5.8. Rest of LATAM

13.5.8.1. Market Revenue and Forecast, by Type (2019-2030)

13.5.8.2. Market Revenue and Forecast, by Interface (2019-2030)

13.5.8.3. Market Revenue and Forecast, by End User (2019-2030)

13.5.8.4. Market Revenue and Forecast, by Mode (2019-2030)

13.5.8.5. Market Revenue and Forecast, by Mobility (2019-2030)

Chapter 14. Company Profiles

14.1. ACOMA Medical Industry Co., Ltd.

14.1.1. Company Overview

14.1.2. Product Offerings

14.1.3. Financial Performance

14.1.4. Recent Initiatives

14.2. Dragerwerk AG & Co. KGaA

14.2.1. Company Overview

14.2.2. Product Offerings

14.2.3. Financial Performance

14.2.4. Recent Initiatives

14.3. MAQUET Holding B.V. & Co. KG.

14.3.1. Company Overview

14.3.2. Product Offerings

14.3.3. Financial Performance

14.3.4. Recent Initiatives

14.4. Bio-Medical Devices Intl

14.4.1. Company Overview

14.4.2. Product Offerings

14.4.3. Financial Performance

14.4.4. Recent Initiatives

14.5. GE Healthcare

14.5.1. Company Overview

14.5.2. Product Offerings

14.5.3. Financial Performance

14.5.4. Recent Initiatives

14.6. CareFusion Corporation

14.6.1. Company Overview

14.6.2. Product Offerings

14.6.3. Financial Performance

14.6.4. Recent Initiatives

14.7. Bunnell Incorporated

14.7.1. Company Overview

14.7.2. Product Offerings

14.7.3. Financial Performance

14.7.4. Recent Initiatives

14.8. Covidien

14.8.1. Company Overview

14.8.2. Product Offerings

14.8.3. Financial Performance

14.8.4. Recent Initiatives

14.9. Teleflex Incorporated

14.9.1. Company Overview

14.9.2. Product Offerings

14.9.3. Financial Performance

14.9.4. Recent Initiatives

14.10. Koninklijke Philips N.V.

14.10.1. Company Overview

14.10.2. Product Offerings

14.10.3. Financial Performance

14.10.4. Recent Initiatives

Chapter 15. Research Methodology

15.1. Primary Research

15.2. Secondary Research

15.3. Assumptions

Chapter 16. Appendix

16.1. About Us

16.2. Glossary of Terms

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

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