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
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