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: 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 '

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

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.

Ventilator Market Report Snapshots

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Ventilator Market size was valued at USD 3.67 billion in 2019 and is poised to grow from USD 3.9 billion in 2023 to USD 6.36 billion by 2031, growing at a CAGR of 6.3% in the forecast period (2024-2031).

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 '

Increasing Prevalence of Respiratory Diseases

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.

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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Ventilator Market Regional Insights

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