Mechanical Ventilator Market Size – By Product (Critical care, Neonatal, Transport & portable and Others), By Ventilation Mode (Invasive and Non-invasive), By End-use (Hospitals, Home healthcare, Ambulatory Surgical Centers and Others), & Region – Global Forecasts 2024 - 2034.
- PUBLISHED ON
- 2024-10-16
- NO OF PAGES
- 320
- CATEGORY
- Healthcare & Life Sciences
Market Overview
The Mechanical Ventilator market report is predicted to develop at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2034, when global Mechanical Ventilator market forecast size is projected to reach USD 7.35 Billion in 2034, based on an average growth pattern. The global Mechanical Ventilator market revenue is estimated to reach a value of USD 3.68 Billion in 2024.
SOURCE: We Market Research
The global
mechanical ventilator market analysis refers to the industry involved in the
production, distribution, and sale of mechanical ventilators, which are devices
designed to assist or replace spontaneous breathing in patients experiencing
respiratory failure or other breathing difficulties. This market has witnessed
significant growth due to the increasing prevalence of chronic respiratory
diseases, advancements in medical technology, and the rising demand for
intensive care units (ICUs) globally.
The global
market is poised for substantial growth, driven by technological advancements,
increasing respiratory disease prevalence, and greater demand for critical
care. Innovations in non-invasive and portable ventilators, coupled with AI
integration, are likely to shape the future of this market.
Global Mechanical Ventilator Market Scope
|
Report Attributes |
Description |
|
Market Size in 2024 |
USD 3.68 Billion |
|
Market
Forecast in 2034 |
USD 7.35 Billion |
|
CAGR % 2024-2034 |
4.9% |
|
Base
Year |
2023 |
|
Historic Data |
2016-2022 |
|
Forecast
Period |
2024-2034 |
|
Report USP
|
Production,
Consumption, company share, company heatmap, company production capacity,
growth factors and more |
|
Segments
Covered |
By Product, By
Ventilation Mode, By End-use and By Region |
|
Regional Scope |
North America,
Europe, APAC, South America and Middle East and Africa |
|
Country
Scope |
U.S.; Canada;
U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia;
China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico;
Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria |
Market Dynamics & Restraints
Global Mechanical Ventilator Market Opportunity:
We Market
Research: Dashboard
Our marketing platform offers a comprehensive dashboard that provides clients with valuable insights into global Mechanical Ventilator market trends over the years. Included below is a sample image of our dashboard, and specific PDF logins will be furnished to grant access to this insightful tool.
Mechanical Ventilator Market Segmentation
Market- By Product Analysis
By product, the Mechanical Ventilator market share is categories into Critical care, Neonatal, Transport & portable and Others. Critical care dominates the market with the largest share, accounting for over 65% of the market in 2023. Critical care ventilators hold the largest share in the market due to their extensive use in intensive care units (ICUs) for managing patients with severe respiratory conditions. These ventilators are designed for continuous operation in critical environments, making them essential in treating patients with acute respiratory distress syndrome (ARDS) and other severe conditions.
The
following segments are part of an in-depth analysis of the global Mechanical
Ventilator market:
|
Market Segments |
|
|
By Product |
·
Critical care o
Ventilators o
Accessories ·
Neonatal o
Ventilators o
Accessories ·
Transport & portable o
Ventilators o
Accessories ·
Other |
|
By Ventilation
Mode |
·
Invasive ·
Non-invasive o
CPAP o
BiPAP o
Others |
|
By End-use |
·
Hospitals ·
Home healthcare ·
Ambulatory Surgical Centers ·
Others |
Mechanical Ventilator Industry: Regional Analysis
North America Market Forecast
North America dominates the global market, accounting for around 38% of the market share in 2023. North America holds the largest share in the market, driven by advanced healthcare infrastructure, high healthcare expenditure, and the presence of key manufacturers. The U.S. has been a major contributor due to the rising prevalence of chronic respiratory conditions like COPD and the high demand for ventilators during the COVID-19 pandemic.
Europe Market Statistics
Europe is a
significant player in the market, with countries like Germany, the U.K.,
France, and Italy leading in terms of demand for mechanical ventilators.
Factors such as aging populations, increasing incidence of respiratory
diseases, and a well-established healthcare system contribute to the region's
market share.
Asia Pacific Market Forecasts
The Asia Pacific
region is experiencing rapid growth in the market due to rising healthcare
investments, improving medical facilities, and a large patient pool with
respiratory diseases. Countries like China, India, and Japan are key
contributors, with increasing focus on expanding healthcare services and
infrastructure.
Middle East & Africa Market Statistics
The MEA region
has a smaller market share, but it is steadily growing due to improving
healthcare facilities and increased awareness of respiratory health. Investment
in healthcare infrastructure, particularly in Gulf countries like the UAE and
Saudi Arabia, supports mechanical ventilator market growth in this region.
Latin America Market Statistics
Latin America's
market share is driven by the growing prevalence of respiratory diseases and
expanding healthcare infrastructure. Countries like Brazil and Mexico are at
the forefront of the market in this region, with a focus on enhancing patient
care and access to advanced medical equipment.
The Advanced Rocket & Missile Propulsion System Market
is dominated by a few large companies, such as
·
Medtronic plc
·
GE Healthcare
·
Koninklijke Philips N.V.
·
ResMed Inc.
·
Drägerwerk AG & Co. KGaA
·
Hamilton Medical AG
·
Getinge AB
·
Vyaire Medical Inc.
·
Fisher & Paykel Healthcare
Limited
·
Allied Healthcare Products, Inc.
·
Zoll Medical Corporation
·
Becton, Dickinson and Company (BD)
·
Teleflex Incorporated
·
Mindray Medical International
Limited
·
Nihon Kohden Corporation
·
WEINMANN Emergency Medical
Technology GmbH + Co. KG
·
Air Liquide Healthcare
· Trivitron Healthcare
1.
Global
Mechanical Ventilator Market Introduction and Market Overview
1.1. Objectives of the Study
1.2. Global Mechanical Ventilator
Market Scope and Market Estimation
1.2.1. Global Mechanical Ventilator Overall
Market Size (US$ Bn), Market CAGR (%), Market forecast (2024 - 2034)
1.2.2. Global Mechanical Ventilator
Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2019 - 2034
1.3. Market Segmentation
1.3.1. Product of Global Mechanical
Ventilator Market
1.3.2. Ventilation Mode of Global Mechanical
Ventilator Market
1.3.3. End-use of Global Mechanical
Ventilator Market
1.3.4. Region of Global Mechanical
Ventilator Market
2.
Executive Summary
2.1. Demand Side Trends
2.2. Key Market Trends
2.3. Market Demand (US$ Bn) Analysis
2019 – 2023 and Forecast, 2024 – 2034
2.4. Demand and Opportunity
Assessment
2.5. Demand Supply Scenario
2.6. Market Dynamics
2.6.1. Drivers
2.6.2. Limitations
2.6.3. Opportunities
2.6.4. Impact Analysis of Drivers and
Restraints
2.7. Pricing Trends Analysis
2.8. Overview of Technology Developments
2.9. Porter’s Five Forces Analysis
2.9.1. Bargaining Power of Suppliers
2.9.2. Bargaining Power of Buyers
2.9.3. Threat of Substitutes
2.9.4. Threat of New Entrants
2.9.5. Competitive Rivalry
2.10. PEST Analysis
2.10.1. Political Factors
2.10.2. Economic Factors
2.10.3. Social Factors
2.10.4. Technology Factors
2.11. Value Chain / Ecosystem Analysis
2.12. Key Regulation
3.
Global Mechanical Ventilator
Market Estimates & Historical Trend
Analysis (2019 - 2023)
4.
Global Mechanical Ventilator
Market Estimates & Forecast Trend
Analysis, by Product
4.1. Global Mechanical Ventilator
Market Revenue (US$ Bn) Estimates and Forecasts, by Product, 2019 - 2034
4.1.1. Critical care
4.1.1.1.
Ventilators
4.1.1.2.
Accessories
4.1.2. Neonatal
4.1.2.1.
Ventilators
4.1.2.2.
Accessories
4.1.3. Transport & portable
4.1.3.1.
Ventilators
4.1.3.2.
Accessories
4.1.4. Other
5.
Global Mechanical Ventilator
Market Estimates & Forecast Trend
Analysis, by Ventilation Mode
5.1. Global Mechanical Ventilator
Market Revenue (US$ Bn) Estimates and Forecasts, by Ventilation Mode, 2019 -
2034
5.1.1.Invasive
5.1.2.Non-invasive
5.1.2.1.
CPAP
5.1.2.2.
BiPAP
5.1.2.3.
Others
6.
Global Mechanical Ventilator
Market Estimates & Forecast Trend
Analysis, by End-use
6.1. Global Mechanical Ventilator
Market Revenue (US$ Bn) Estimates and Forecasts, by End-use, 2019 - 2034
6.1.1.Hospitals
6.1.2.Home
healthcare
6.1.3.Ambulatory
Surgical Centers
6.1.4.Others
7.
Global Mechanical Ventilator
Market Estimates & Forecast Trend
Analysis, by Region
7.1. Global Mechanical Ventilator
Market Revenue (US$ Bn) Estimates and Forecasts, by Region, 2019 - 2034
7.1.1. North America
7.1.2. Eastern Europe
7.1.3. Western Europe
7.1.4. Asia Pacific
7.1.5. Middle East & Africa
7.1.6. Latin America
8.
North
America Mechanical Ventilator Market: Estimates & Forecast Trend Analysis
8.1.
North
America Mechanical Ventilator Market Assessments & Key Findings
8.1.1. North America Mechanical
Ventilator Market Introduction
8.1.2. North America Mechanical
Ventilator Market Size Estimates and Forecast (US$ Billion) (2019 - 2034)
8.1.2.1. By Product
8.1.2.2. By Ventilation Mode
8.1.2.3. By End-use
8.1.2.4. By Country
8.1.2.4.1. The U.S.
8.1.2.4.2. Canada
8.1.2.4.3. Mexico
9.
Western
Europe Mechanical Ventilator Market: Estimates & Forecast Trend Analysis
9.1. Western Europe Mechanical
Ventilator Market Assessments & Key Findings
9.1.1. Western Europe Mechanical
Ventilator Market Introduction
9.1.2. Western Europe Mechanical
Ventilator Market Size Estimates and Forecast (US$ Billion) (2019 - 2034)
9.1.2.1. By Product
9.1.2.2. By Ventilation Mode
9.1.2.3. By End-use
9.1.2.4.
By
Country
9.1.2.4.1.
Germany
9.1.2.4.2.
Italy
9.1.2.4.3.
U.K.
9.1.2.4.4.
France
9.1.2.4.5.
Spain
9.1.2.4.6.
Benelux
9.1.2.4.7.
Nordics
9.1.2.4.8. Rest
of W. Europe
10. Eastern Europe Mechanical
Ventilator Market: Estimates &
Forecast Trend Analysis
10.1. Eastern Europe Mechanical
Ventilator Market Assessments & Key Findings
10.1.1. Eastern Europe Mechanical
Ventilator Market Introduction
10.1.2. Eastern Europe Mechanical
Ventilator Market Size Estimates and Forecast (US$ Billion) (2019 - 2034)
10.1.2.1. By Product
10.1.2.2. By Ventilation Mode
10.1.2.3. By End-use
10.1.2.4. By Country
10.1.2.4.1.
Russia
10.1.2.4.2.
Hungary
10.1.2.4.3.
Poland
10.1.2.4.4.
Balkan & Baltics
10.1.2.4.5. Rest of E. Europe
11. Asia Pacific Mechanical
Ventilator Market: Estimates &
Forecast Trend Analysis
11.1. Asia Pacific Market Assessments
& Key Findings
11.1.1. Asia Pacific Mechanical
Ventilator Market Introduction
11.1.2. Asia Pacific Mechanical
Ventilator Market Size Estimates and Forecast (US$ Billion) (2019 - 2034)
11.1.2.1. By Product
11.1.2.2. By Ventilation Mode
11.1.2.3. By End-use
11.1.2.4. By Country
11.1.2.4.1. China
11.1.2.4.2. Japan
11.1.2.4.3. India
11.1.2.4.4. Australia & New Zealand
11.1.2.4.5. South Korea
11.1.2.4.6. ASEAN
11.1.2.4.7. Rest of Asia Pacific
12. Middle East & Africa Mechanical
Ventilator Market: Estimates &
Forecast Trend Analysis
12.1. Middle East & Africa Market
Assessments & Key Findings
12.1.1. Middle
East & Africa Mechanical
Ventilator Market Introduction
12.1.2. Middle
East & Africa Mechanical
Ventilator Market Size Estimates and Forecast (US$ Billion) (2019 - 2034)
12.1.2.1. By Product
12.1.2.2. By Ventilation Mode
12.1.2.3. By End-use
12.1.2.4. By Country
12.1.2.4.1. UAE
12.1.2.4.2. Saudi
Arabia
12.1.2.4.3. Turkey
12.1.2.4.4. South
Africa
12.1.2.4.5. Rest of
MEA
13. Latin America
Mechanical Ventilator Market: Estimates
& Forecast Trend Analysis
13.1. Latin America Market Assessments
& Key Findings
13.1.1. Latin America Mechanical
Ventilator Market Introduction
13.1.2. Latin America Mechanical
Ventilator Market Size Estimates and Forecast (US$ Billion) (2019 - 2034)
13.1.2.1. By Product
13.1.2.2. By Ventilation Mode
13.1.2.3. By End-use
13.1.2.4. By Country
13.1.2.4.1. Brazil
13.1.2.4.2. Argentina
13.1.2.4.3. Colombia
13.1.2.4.4. Rest of
LATAM
14. Country Wise Market:
Introduction
15. Competition Landscape
15.1. Global Mechanical Ventilator
Market Product Mapping
15.2. Global Mechanical Ventilator Market
Concentration Analysis, by Leading Players / Innovators / Emerging Players /
New Entrants
15.3. Global Mechanical Ventilator
Market Tier Structure Analysis
15.4. Global Mechanical Ventilator
Market Concentration & Company Market Shares (%) Analysis, 2023
16. Company Profiles
16.1. Medtronic plc
16.1.1. Company Overview & Key Stats
16.1.2. Financial Performance & KPIs
16.1.3. Product Portfolio
16.1.4. SWOT Analysis
16.1.5. Business Strategy & Recent
Developments
* Similar details would be provided
for all the players mentioned below
16.2. GE Healthcare
16.3. Koninklijke Philips
N.V.
16.4. ResMed Inc.
16.5. Drägerwerk AG &
Co. KGaA
16.6. Hamilton Medical AG
16.7. Getinge AB
16.8. Vyaire Medical Inc.
16.9. Fisher & Paykel
Healthcare Limited
16.10. Allied Healthcare
Products, Inc.
16.11. Zoll Medical
Corporation
16.12. Becton, Dickinson
and Company (BD)
16.13. Teleflex
Incorporated
16.14. Mindray Medical
International Limited
16.15. Nihon Kohden
Corporation
16.16. WEINMANN Emergency
Medical Technology GmbH + Co. KG
16.17. Air Liquide
Healthcare
16.18. Trivitron
Healthcare
16.19. Others
17. Research
Methodology
17.1. External Transportations /
Databases
17.2. Internal Proprietary Database
17.3. Primary Research
17.4. Secondary Research
17.5. Assumptions
17.6. Limitations
17.7. Report FAQs
18. Research
Findings & Conclusion
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Frequently Asked Questions
What is the market size of Mechanical Ventilator Market in 2024?
Mechanical Ventilator Market was valued at USD 3.68 Billion in 2024.
What is the growth rate for the Mechanical Ventilator Market?
Mechanical Ventilator Market size will increase at approximate CAGR of 4.9% during the forecasted period.
Which are the top companies operating within the market?
Major companies operating within the market are Medtronic plc, GE Healthcare, Koninklijke Philips N.V., ResMed Inc., Drägerwerk AG & Co. KGaA, Hamilton Medical AG, Getinge AB, Vyaire Medical Inc., Fisher & Paykel Healthcare Limited, Allied Healthcare Products, Inc., Zoll Medical Corporation, Becton, Dickinson and Company (BD), Teleflex Incorporated, Mindray Medical International Limited, Nihon Kohden Corporation, WEINMANN Emergency Medical Technology GmbH + Co. KG, Air Liquide Healthcare, Trivitron Healthcare and others.
Which region dominates the Mechanical Ventilator Market?
North America dominates the market with an active share of 38%.
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