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Ventilators Market Analysis by Type (Adult, and Pediatric & Neonatal), By Interface (Invasive, and Noninvasive), By End User (Hospitals, Specialty Clinics, and Others) and by Region: Global Forecast, 2024 - 2033

  • PUBLISHED ON
  • 2022-01-25
  • NO OF PAGES
  • 291
  • CATEGORY
  • Healthcare & Life Sciences

Market Overview

The Ventilators market is predicted to develop at a compound annual growth rate (CAGR) of 9.10% from 2024 to 2033, when it is projected to reach USD 8.32 billion, based on an average growth pattern. The market is estimated to reach a value of USD 3.46 billion in 2024.

                              

SOURCE: We Market Research

Ventilators are vital medical equipment because they allow patients experiencing respiratory failure to receive enough oxygen and remove carbon dioxide from their bodies. By providing breathable air through a system of tubing, a mechanical pump, and a control system, ventilators help with gas exchange in the lungs. They are crucial in the treatment of conditions like pneumonia, acute respiratory distress syndrome, and COVID-19-related respiratory distress (ARDS). In order to optimize ventilation, these medical specialists-managed devices can adjust tidal volume and respiratory rate. Ventilators are vital equipment in critical care units because they provide life-saving respiratory support to patients who are having difficulty breathing or maintaining proper oxygen levels.

The ventilator market is being driven by several significant factors. First off, the world's aging population and rising frequency of respiratory diseases are driving up demand for ventilators. The need of these life-saving devices is further highlighted by the growth in serious cases linked to infectious diseases, such as the COVID-19 pandemic. One of the technological advances driving the market's expansion is the development of lightweight, easily operated ventilators. Government initiatives to upgrade critical care facilities and the expansion of the healthcare infrastructure in developing countries also drive the market. The continuous innovation and development in respiratory care technology propels the ventilator industry forward. 

 

Market Scope

Report Attributes

Description

Market Size in 2024

USD 3.46 Billion

Market Forecast in 2033

USD 8.32 Billion

CAGR % 2024-2033

9.10%

Base Year

2023

Historic Data

2016-2022

Forecast Period

2024-2033

Report USP

 

Production, Consumption, company share, company heatmap, company production capacity, growth factors and more

Segments Covered

By Type, By Interface, By End User 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

 

Ventilators Industry: Dynamics & Restrains

Market Drivers

Increasing prevalence of chronic respiratory diseases - The market for ventilators is driven by the increased incidence of chronic respiratory disorders, since this medical equipment are essential for the treatment of respiratory ailments. The need for sophisticated ventilators to support breathing is rising due to an increase in the prevalence of illnesses like asthma and chronic obstructive pulmonary disease (COPD) worldwide. In times of serious illness or during exacerbations, ventilators provide vital treatment by helping patients breathe. The market for ventilators is seeing a boom in demand as the prevalence of respiratory illnesses keeps rising. This is pushing innovation and technology developments to address the changing healthcare requirements linked to chronic respiratory problems.

Rising geriatric population - The market for ventilators is mostly driven by the growing elderly population, which is also driving up demand for respiratory support equipment. As people age, they are more likely to suffer from respiratory conditions and serious illnesses, which makes using ventilators necessary for proper respiratory treatment. Advanced ventilation solutions are necessary for the elderly who often suffer from illnesses like chronic obstructive pulmonary disease (COPD) or pneumonia. The market for ventilators is significantly boosted by the growing aging population worldwide. This has led manufacturers to innovate and improve their products to meet the unique needs of the senior population and guarantee the best possible respiratory treatment in the face of age-related health difficulties.

Market restrains

High Cost of Ventilators - The market for ventilators is severely constrained by their high cost, which also limits accessibility and uptake. Healthcare facilities have difficulties because of the significant financial outlay necessary for these life-saving equipment, especially in areas with limited resources. Patient’s capacity to pay for the required breathing assistance is also impacted by the financial strain. As a result, the market encounters obstacles to extensive implementation, impeding the delivery of essential care to a wider populace. In order to get over this obstacle and guarantee that ventilators continue to be available to patients and healthcare professionals everywhere, it is imperative that efforts be made to address affordability and investigate financially viable options.

We Market Research: Ventilators Dashboard

Our marketing platform offers a comprehensive dashboard that provides clients with valuable insights into 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.

                                    

Ventilators Segmentation

Market- By Type Analysis

By Type, the Ventilators Market is Categories into Adult, and Pediatric & Neonatal. The Adult segment accounts for the largest share of around 64% in 2024.

                                    

The adult ventilators market is propelled by the increasing prevalence of respiratory diseases among the adult population, rising geriatric population, and advancements in ventilator technology. Growing awareness about the importance of respiratory care and a surge in critical care admissions further drive the demand for adult ventilators.

The following segments are part of an in-depth analysis of the global Ventilators market:

Market Segments

 

By   Interface

·         Invasive

·         Non invasive

By  End-Users

·         Hospitals

·         Specialty Clinics

·         Others

 

 

Ventilators Industry: Regional Analysis

North America Market Forecast

North America dominate the Ventilators Market with the highest revenue generating market with share of more than 45%. North America's advanced healthcare system is the main factor driving the ventilator industry in the continent. North America is still a major force in the ventilator market worldwide thanks to its well-established healthcare facilities and rapid adoption of cutting-edge technologies. The region's market is growing because of the increase in demand for ventilators, especially during public health emergencies like the COVID-19 epidemic. The growing incidence of respiratory ailments emphasizes the necessity for modern ventilator solutions even more.

                                      

     

Europe Market Statistics

Europe is the second-largest market for Ventilators. Europe's aging population and resulting rise in chronic respiratory disorders have a major impact on the ventilator market in that region. Modern ventilator systems are more widely used in the area because of the great emphasis on technology developments in healthcare. An aging population and a dedication to innovation make Europe a vital market for ventilator producers, opening doors for development and expansion.

Asia Pacific Market Forecasts

Asia Pacific is expected to be the fastest-growing market for Ventilators during the forecast period. The market for ventilators is booming in the Asia-Pacific area, driven by rising healthcare costs and rising awareness of respiratory health. The region's emerging nations are making significant investments in healthcare infrastructure, which will increase ventilator technology use and accessibility. Growing middle-class populations fuel market expansion as people become more health-conscious and need respiratory support solutions.

 

Key Market Players

The Ventilators Market is dominated by a few large companies, such as

·         MAQUET Holding B.V. & Co. KG.

·         Bio-Medical Devices Intl

·         ACOMA Medical Industry Co., Ltd.

·         Dragerwerk AG & Co. KGaA

·         Air Liquide 

·         GE Healthcare

·         Teleflex Incorporated

·         Koninklijke Philips N.V.

·         CareFusion Corporation

·         Bunnell Incorporated

·         Covidien

·         Other

Recent Developments:

·         October 2021, GE Healthcare and Apprise Health Insights have teamed. In order to monitor 7,368 beds and around 800 ventilators spread over 60 hospitals, the firms together established Oregon's Statewide Capacity System.

May 2020, Air Liquide increased their output and produced 10,000 respirators in just 50 days. The company's main objective is to provide the necessary medical care to preserve lives.

1.      Global Ventilators Market Introduction and Market Overview

1.1.    Objectives of the Study

1.2.    Global Ventilators Market Scope and Market Estimation

1.2.1. Global Ventilators Overall Market Size, Revenue (US$ Mn), Market CAGR (%), Market forecast (2023 - 2033)

1.2.2. Global Ventilators Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2019 - 2033

1.3.    Market Segmentation

1.3.1. Component of Global Ventilators Market

1.3.2. Technology of Global Ventilators Market

1.3.3. End-user of Global Ventilators Market

1.3.4. Region of Global Ventilators Market

2.      Executive Summary

2.1.    Global Ventilators Market Industry Trends under COVID-19 Outbreak

2.1.1. Global COVID-19 Status Overview

2.1.2. Influence of COVID-19 Outbreak on Global Ventilators Market Industry Development

2.2.    Market Dynamics

2.2.1. Drivers

2.2.2. Limitations

2.2.3. Opportunities

2.2.4. Impact Analysis of Drivers and Restraints

2.3.    Pricing Trends Analysis & Average Selling Prices (ASPs)

2.4.    Key Mergers & Acquisitions, Expansions, JVs, Funding / VCs, etc.

2.5.    Porter’s Five Forces Analysis

2.5.1. Bargaining Power of Suppliers

2.5.2. Bargaining Power of Buyers

2.5.3. Threat of Substitutes

2.5.4. Threat of New Entrants

2.5.5. Competitive Rivalry

2.6.    Value Chain / Ecosystem Analysis

2.7.    Russia-Ukraine War Impacts Analysis

2.8.    Economic Downturn Analysis

2.9.      Market Investment Opportunity Analysis (Top Investment Pockets), By Segments & By Region

3.      Global Ventilators Market Estimates & Historical Trend Analysis (2019 - 2022)

4.      Global Ventilators Market Estimates & Forecast Trend Analysis, by TYPE

4.1.    Global Ventilators Market Revenue (US$ Mn) Estimates and Forecasts, by TYPE, 2019 to 2033

4.1.1. Adult

4.1.2. Paediatric & Neonatal

5.      Global Ventilators Market Estimates & Forecast Trend Analysis, by Interface

5.1.    Global Ventilators Market Revenue (US$ Mn) Estimates and Forecasts, by Interface, 2019 to 2033

5.1.1. Invasive

5.1.2. Non invasive

6.      Global Ventilators Market Estimates & Forecast Trend Analysis, by End-user

6.1.    Global Ventilators Market Revenue (US$ Mn) Estimates and Forecasts, by End-user, 2019 to 2033

6.1.1. Hospitals

6.1.2. Specialty Clinics

6.1.3. Others

7.      Global Ventilators Market Estimates & Forecast Trend Analysis, by Region

7.1.    Global Ventilators Market Revenue (US$ Mn) Estimates and Forecasts, by Region, 2019 to 2033

7.1.1. North America

7.1.2. Europe

7.1.3. Asia Pacific

7.1.4. Middle East & Africa

7.1.5. South America

8.      North America Ventilators Market: Estimates & Forecast Trend Analysis

8.1.    North America Ventilators Market Assessments & Key Findings

8.1.1. North America Ventilators Market Introduction

8.1.2. North America Ventilators Market Size Estimates and Forecast (US$ Million) (2019 – 2033)

8.1.2.1.   By TYPE

8.1.2.2.   By Interface

8.1.2.3.   By End-user

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.      Europe Ventilators Market: Estimates & Forecast Trend Analysis

9.1.    Europe Ventilators Market Assessments & Key Findings

9.1.1. Europe Ventilators Market Introduction

9.1.2. Europe Ventilators Market Size Estimates and Forecast (US$ Million) (2019 – 2033)

9.1.2.1.   By TYPE

9.1.2.2.   By Interface

9.1.2.3.   By End-user

9.1.2.4.        By Country

9.1.2.4.1.     Germany

9.1.2.4.2.     U.K.

9.1.2.4.3.     France

9.1.2.4.4.     Italy

9.1.2.4.5.     Spain

9.1.2.4.6.     Russia

9.1.2.4.7.     Rest of Europe

10.  Asia Pacific Ventilators Market: Estimates & Forecast Trend Analysis

10.1.  Asia Pacific Market Assessments & Key Findings

10.1.1.   Asia Pacific Ventilators Market Introduction

10.1.2.   Asia Pacific Ventilators Market Size Estimates and Forecast (US$ Million) (2019 – 2033)

10.1.2.1.    By TYPE

10.1.2.2.    By Interface

10.1.2.3.    By End-user

10.1.2.4.    By Country

10.1.2.4.1. China

10.1.2.4.2. Japan

10.1.2.4.3. India

10.1.2.4.4. Australia

10.1.2.4.5. South Korea

10.1.2.4.6. ASEAN

10.1.2.4.7. Rest of Asia Pacific

11.  Middle East & Africa Ventilators Market: Estimates & Forecast Trend Analysis

11.1.  Middle East & Africa Market Assessments & Key Findings

11.1.1.   Middle East & Africa Ventilators Market Introduction

11.1.2.   Middle East & Africa Ventilators Market Size Estimates and Forecast (US$ Million) (2019 – 2033)

11.1.2.1.    By TYPE

11.1.2.2.    By Interface

11.1.2.3.    By End-user

11.1.2.4.    By Country

11.1.2.4.1. U.A.E.

11.1.2.4.2. Saudi Arabia

11.1.2.4.3. Egypt

11.1.2.4.4. South Africa

11.1.2.4.5. Rest of Middle East & Africa

12.  South America Ventilators Market: Estimates & Forecast Trend Analysis

12.1.  South America Market Assessments & Key Findings

12.1.1.   South America Ventilators Market Introduction

12.1.2.   South America Ventilators Market Size Estimates and Forecast (US$ Million) (2019 – 2033)

12.1.2.1.    By TYPE

12.1.2.2.    By Interface

12.1.2.3.    By End-user

12.1.2.4.    By Country

12.1.2.4.1. Brazil

12.1.2.4.2. Argentina

12.1.2.4.3. Colombia

12.1.2.4.4. Rest of South America

13.  Competition Landscape

13.1.  Global Ventilators Market Competition Matrix & Benchmarking, by Leading Players / Innovators / Emerging Players / New Entrants

13.2.  Global Ventilators Market Competition White Space Analysis, By End-user

13.3.  Global Ventilators Market Competition Heat Map Analysis, By End-user

13.4.  Global Ventilators Market Concentration & Company Market Shares (%) Analysis, 2022

14.  Company Profiles

14.1.                     MAQUET Holding B.V. & Co. KG.

14.1.1.   Company Overview & Key Stats

14.1.2.   Financial Performance & KPIs

14.1.3.   Product Portfolio

14.1.4.   Business Strategy & Recent Developments

* Similar details would be provided for all the players mentioned below 

14.2.      Bio-Medical Devices Intl

14.3.      ACOMA Medical Industry Co., Ltd.

14.4.      Air Liquide

14.5.      Dragerwerk AG & Co. KGaA

14.6.      GE Healthcare

14.7.      Teleflex Incorporated

14.8.      Koninklijke Philips N.V.

14.9.      CareFusion Corporation

14.10.  Bunnell Incorporated

14.11.  Covidien

14.12.  Other

15.  Research Methodology

15.1.  External Transportations / Databases

15.2.  Internal Proprietary Database

15.3.  Primary Research

15.4.  Secondary Research

15.5.  Assumptions

15.6.  Limitations

15.7.  Report FAQs

16.  Research Findings & Conclusion

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