Global Ventilator Market

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 2025-2032


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

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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FAQs

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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Global Ventilator Market

Report ID: SQMIG35A2176

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