USD 3.9 billion
Ventilator Market Size, Share, and Growth Analysis
Ventilator Market By Product Type (Intensive Care Ventilators, Portable Ventilators), By Modality (Non-Invasive Ventilation, Invasive Ventilation), By Ventilator Type (Adult Ventilators, Neonatal Ventilators), By Mode, By End User, By Region - Industry Forecast 2025-2032
Report ID:
SQMIG35A2176 |
Region:
Global |
Published Date: January, 2025
Pages:
242
|Tables:
146
|Figures:
78
Format -
Ventilator Market Insights
Ventilator Market size was valued at USD 3.9 billion in 2023 and is poised to grow from USD 4.15 billion in 2024 to USD 6.76 billion by 2032, growing at a CAGR of 6.3% during the forecast period (2025-2032).
The market growth is attributed to rising technological advancements such as development of advanced portable ventilators and improvements in the sensor technologies used in them, increasing preterm births, increasing geriatric population, increasing prevalence of respiratory diseases, and increasing number of ICU beds. Growing home healthcare has opened new opportunities for the ventilator market as homecare environment is comfortable and convenient and also cost-effective.
Major improvements in the treatment of patients with severe respiratory complications have been made possible by technological advancements in microprocessor-controlled ventilation combined with the complexity of new ventilator modes. Upgraded ventilators have many safeguards in place and are prepared for any kind of emergency. There are sensors and monitors for both patient-specific parameters like air pressure, air volume, and flow rate as well as general parameters like air leakage, mechanical failure, power failure, battery backups, oxygen tanks, and remote control.
US Ventilator Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Intensive care ventilators
Fastest Growth
Intensive care ventilators
Growth Rate
6.3% CAGR
Global Ventilator Market($Bn)
Country Share for North America Region (%)
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Ventilator Market Segments Analysis
Global Ventilator Market is segmented by Product Type, Modality, Ventilator Type, Mode, End User and region. Based on Product Type, the market is segmented into Intensive Care Ventilators, Portable Ventilators and Neonatal Ventilators. Based on Modality, the market is segmented into Non-Invasive Ventilation and Invasive Ventilation. Based on Ventilator Type, the market is segmented into Adult Ventilators, Neonatal Ventilators and Pediatric Ventilators. Based on Mode, the market is segmented into Combined-Mode Ventilation, Volume-Mode Ventilation, Pressure-Mode Ventilator and Other. Based on End User, the market is segmented into Hospitals, Specialty Clinics, Long Term Care Centers, Rehabilitation Centers, Homecare Settings and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Ventilator Market Analysis by Type
Based on type, the global market is segmented into adult ventilators, neonatal ventilators, paediatric ventilators.
The adult segment is expected to account for the largest revenue share. The increasing prevalence of respiratory diseases and rising geriatric population are the major factors that are responsible for the growth of the segment. According to the United Nations, in 2017, there were about 382 million old age people and this number is expected to be 2.1 billion by 2050. Hence, the rising demand for ventilators among the geriatric population who are admitted to the ICUs has boosted the growth of the segment.
Neonatal segment is expected to grow at a fastest rate during the forecast period. The growth of this segment is attributed to growing incidences of preterm births and the increasing government investments in the development of healthcare infrastructure.
Ventilator Market Analysis by End User
Based on end user, the global market is segmented into hospitals, ambulatory surgery centres, speciality clinics, long term care centres, rehabilitation centres, and homecare settings.
Hospitals segment is expected to dominate the global ventilator market size during the forecast period. The growth of this segment is attributed to the increasing penetration of hospitals across the globe, rising ICUs beds, rising government and corporate expenditure in the growing number of hospitals and the ICU care in the hospitals.
Homecare segment is expected to grow at the fastest rate during the forecast period. The growth of this segment is attributed to increasing demand for home care therapeutic devices from patients that required long term ventilation with increasing aging population and increased life expectancy.
Global Ventilator Market size by product type
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Ventilator Market Regional Insights
North America is expected to dominate the global ventilator market during the forecast period. The growth of the regional market is attributed to increasing prevalence of respiratory diseases, growing geriatric population, presence of developed healthcare infrastructure and the presence of huge number of hospitals and clinics. In addition, rising disposable income, increased adoption of healthcare insurances, and rising healthcare expenditure, increasing number of ICU admissions are the factors which propel the market growth.
Asia Pacific is expected to grow at a fastest CAGR during the forecast period. the growth of this market is attributed to increasing geriatric population requires ventilator support, rising prevalence of pulmonary diseases, and increasing preterm birth especially in India and China. Due to pandemic crises, the manufacturers are focused on developing ventilator at low cost. In addition, increasing government initiatives to boost the production and non-healthcare companies are collaborated with healthcare company to increase the production of ventilator and other related accessories which propel the market growth.
Global Ventilator Market Size By Geography
- Largest
- Fastest
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Ventilator Market Dynamics
Ventilator Market Drivers
Increasing Prevalence of Respiratory Diseases
- The increasing prevalence of respiratory diseases such as chronic obstructive pulmonary diseases, sleep apnea, acute lung injury, and hypoxemia are the major factor that drives the global ventilator market. In addition, increasing geriatric population, growing preterm births are also expected to drive the market growth. Moreover, high prevalence of tobacco smoking which leads to respiratory diseases also boosts the market growth.
Increased Demand for Home Healthcare
Home healthcare provides convenience and comfort coupled with cost advantages which boost the market. The demand for home healthcare is increased due to increasing healthcare infrastructure and rising disposable income, thus acting as a significant driver for the market growth.
Ventilator Market Restraints
Low awareness among the people
- The undiagnosed and undertreated patients are increasing rapidly due to low awareness among the people regarding respiratory diseases. The increasing number of untreated patients for respiratory diseases will hinder market growth.
Risk Associated with the Ventilator Usage
- The risk associated with the use of mechanical ventilator could stop the industry expansion. There is potential of infection from germs entering through the artificial airway, more mechanical breathing is required. Lung injuries can also occur as a result of repeated opening and closing of the lungs' tiny air sacs. Hence, the risks associated with the use of ventilator devices hindered market growth.
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Ventilator Market Competitive Landscape
The global ventilator market is highly fragmented and competitive. Major players are adopted strategic developments such as merger and acquisitions, partnerships, advanced technologies, and others to strengthen their position in the global market. Key players are focused on developing the innovative products. Recently, non-healthcare companies are collaborated with healthcare companies to increased the production of ventilators and other related accessories.
Top Players in Ventilator Market
- Medtronic (Ireland)
- ResMed (US)
- Philips (Netherlands)
- Getinge (Sweden)
- Hamilton Medical (Switzerland)
- Drägerwerk AG & Co. KGaA (Germany)
- Vyaire Medical (US)
- Fisher & Paykel Healthcare (New Zealand)
- Maquet (Germany)
- GE Healthcare (US)
- Allied Healthcare Products, Inc. (US)
- Teleflex Incorporated (US)
- Becton, Dickinson and Company (BD) (US)
- Nihon Kohden Corporation (Japan)
- Fukuda Denshi Co., Ltd. (Japan)
- Siare Engineering International Group S.r.l. (Italy)
- Airon Corporation (US)
- Breas Medical AB (Sweden)
- Loewenstein Medical GmbH + Co. KG (Germany)
- Beijing Aeonmed Co., Ltd. (China)
Ventilator Market Recent Developments
- In December 2022, A soft, robotic implantable ventilator created by MIT researchers was launched that can help the diaphragm contract more naturally.
Ventilator Key Market Trends
- The technological advancement in ventilators such as portable ventilator and ventilator with sensor are growing in popularity and assisting in giving clinicians real-time monitoring and data transfer. The global market is growing rapidly due to increasing prevalence of respiratory diseases in emerging countries such as India, China, Japan, etc.
- Used of wireless monitoring technologies increases the effectiveness and facilitates automated remedial procedures are also currently in demand. Numerous breathing parameters can be enhanced as a result of such developments.
Ventilator Market SkyQuest Analysis
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global ventilator market analysis, the market is witnessing significant growth throughout the forecast period owing to increased usage of remote monitoring devices, increased geriatric population, and increased consumer spending capacity around the globe, and rising prevalence of respiratory diseases. In addition, an extensive rise in research and developments activity by several key market players to introduce more enhanced and improved ventilators. Further, increased demand for home healthcare that provides comfort and cost-effectiveness also drives the market. North America is expected to dominate the market during the forecast period.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 3.9 billion |
| Market size value in 2032 | USD 6.76 billion |
| Growth Rate | 6.3% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Ventilator Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Ventilator Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Ventilator Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Ventilator Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Ventilator Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Ventilator Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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