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).

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.

Ventilator Market Size, Share, Growth Analysis, By Product Type(Intensive care ventilators, portable ventilators, and neonatal ventilators), By Mobility(Non-invasive ventilation and invasive ventilation), By Type(Adult ventilators, neonatal ventilators, paediatric ventilator), By Mode(Combined-mode ventilation, volume-mode ventilation, pressure-mode ventilation, and others), By End user(Hospitals, ambulatory surgery centres, speciality clinics, long term care centres), By Region - Industry Forecast 2024-2031

Q: 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.

Report ID: SQMIG35A2176 | Region: Global | Published Date: February, 2024
Pages: 242 | Tables: 146 | Figures: 78

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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Who are the key vendors in the Ventilator Market?

The 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 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 market trend for 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 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 Ventilator Market?

North America is expected to dominate the 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.

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What is the 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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