What is the global market size of the Ventilator Market?

Global Ventilator Market size was valued at USD 3.67 billion in 2021 and is poised to grow from USD 3.9 billion in 2022 to USD 6.36 billion by 2030, growing at a CAGR of 6.3% in the forecast period (2023-2030).

Who are the key vendors in the Global Ventilator Market?

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. 'ResMed', ' Medtronic plc ', ' Philips Healthcare ', ' GE Healthcare ', ' Fisher & Paykel Healthcare Limited ', ' Drägerwerk AG & Co. KGaA ', ' Getinge AB ', ' Hamilton Medical AG ', ' Smiths Group plc ', ' Vyaire Medical Inc. ', ' Allied Healthcare Products Inc. ', ' Air Liquide Medical Systems ', ' Hill-Rom Holdings Inc. ', ' Teleflex Incorporated ', ' Becton, Dickinson and Company ', ' Carl Reiner GmbH ', ' Shenzhen Mindray Bio-Medical Electronics Co. Ltd. ', ' ZOLL Medical Corporation ', ' Beijing Aeonmed Co., Ltd. ', ' Bunnell Incorporated '

What is the key driver of the Global Ventilator Market?

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.

What is the key market trend for the Global Ventilator Market?

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.

Which region accounted for the largest share in the Global Ventilator Market?

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.

Top Ventilator Companies

Skyquest Technology's expert advisors have carried out comprehensive research and identified these companies as industry leaders in the Ventilator Market. This Analysis is based on comprehensive primary and secondary research on the corporate strategies, financial and operational performance, product portfolio, market share and brand analysis of all the leading Ventilator industry players.

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.

Ventilator Market Top Player's Company Profiles

ResMed

Medtronic plc
Philips Healthcare
GE Healthcare
Fisher & Paykel Healthcare Limited
Drägerwerk AG & Co. KGaA
Getinge AB
Hamilton Medical AG
Smiths Group plc
Vyaire Medical Inc.
Allied Healthcare Products Inc.
Air Liquide Medical Systems
Hill-Rom Holdings Inc.
Teleflex Incorporated
Becton, Dickinson and Company
Carl Reiner GmbH
Shenzhen Mindray Bio-Medical Electronics Co. Ltd.
ZOLL Medical Corporation
Beijing Aeonmed Co., Ltd.
Bunnell Incorporated

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FAQs

Global Ventilator Market size was valued at USD 4.15 Billion in 2024 and is poised to grow from USD 4.41 Billion in 2025 to USD 7.19 Billion by 2033, growing at a CAGR of 6.3% during the forecast period (2026–2033).

Competitors in the fiercely competitive ventilator market are employing a variety of tactics, including local production, telehealth compatibility, and AI integration. Medtronic and Philips concentrate on remote ventilator monitoring. Through regional alliances, GE Healthcare is entering new markets. In the meantime, portable and hybrid ventilators are being added to the product lines of Dräger and ResMed. Companies also compete in areas such as hospital integration systems, service contracts, and software upgrades. 'Medtronic', 'Philips Healthcare', 'GE Healthcare', 'ResMed', 'Encore', 'DrÃ¤gerwerk AG & Co. KGaA', 'Hamilton Medical', 'Nihon Kohden', 'Smiths Medical', 'Vyaire Medical', 'Fisher & Paykel Healthcare', 'Getinge AB', 'Mindray', 'Allied Healthcare Products'

Global demand for ventilators is being driven by the rising prevalence of respiratory illnesses like pneumonia and tuberculosis, as well as COPD and asthma. WHO estimates that 3.23 million people died from COPD in 2023, and over 262 million people suffered from asthma. Healthcare organizations are investing in invasive and non-invasive ventilators for use in critical care units and home care settings as a result of this concerning increase.

Rise of Portable and Home-Care Ventilators: The use of small, battery-powered ventilators is becoming more common in both home and outpatient settings for patients with chronic disease. Patients are increasingly opting for home-based treatment, and by early 2025, approximately 30% of ventilator purchases were for portable units in the United States. These devices have user-friendly interfaces and the ability to connect to the cloud; physicians can monitor patient vitals and optimize respiratory support remotely. In addition, many portable ventilators were upgraded by manufacturers to include critical support features such as an automatic Electronic Manuscript gentle back-up ventilation option, high or low tidal volume alarms, etc.

What Makes North America a Hub for Advanced Respiratory Technologies?

Top Ventilator Companies

Ventilator Market Competitive Landscape

FAQs

What is the global market size of Ventilator Market?

Who are the key vendors in the Ventilator Market?

What is the key driver of Ventilator Market?

What is the key market trend for Ventilator Market?

Which region accounted for the largest share in Ventilator Market?

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