Ventilators Market Size, Share & Trends Analysis, By Product Type (Neonatal Ventilators, Intensive Care Ventilators), By Mode (Pressure-Mode Ventilation, Combined-Mode Ventilation), By Type, By Modality, By End User, By Region and Forecast Period-2022 – 2030.

Report ID - MRC_2195 | Pages - 201 | Category - Healthcare IT

Ventilators Market Overview:

Ventilators Market size was valued at USD 3.39 Billion in 2021, registering a CAGR of 11.8% during the forecast period (2022-2030), and the market is projected to be worth USD 9.25 Billion by 2030.

Ventilators are medical devices that help in the mechanical ventilation of patients suffering from respiratory failure. The global ventilators market is expected to grow significantly in the coming years, due to the increasing incidence of respiratory diseases, the growing geriatric population, and the rise in demand for home care ventilators.

How much is the Ventilators Market worth ?

img

Get Free Sample PDF

Market Dynamics:

Drivers

The increasing incidence of respiratory diseases, such as chronic obstructive pulmonary disease (COPD) and asthma, is a major driver of the ventilators market. The rise in air pollution levels and the growing geriatric population are also contributing to the growth of the market. Additionally, the development of portable and non-invasive ventilators has increased their popularity in the market.

Restraints

The use of high-tech ventilators can be hampered by unreliable electricity in some regions, while strict regulations and certifications before sales can lead to higher costs and prolonged market entry.

Opportunities

Growing demand for home care ventilators due to an aging population and increased focus on patient comfort and quality of life. Increased recognition of respiratory illnesses and rising government efforts to enhance respiratory treatment are opportunities in the market. Investment growth in the healthcare industry offers market players the chance to broaden their offerings and enhance their market share.

Covid-19 Impact

The COVID-19 pandemic has had a significant impact on the global market for ventilators. The rapid spread of the virus resulted in an unprecedented demand for ventilators as hospitals struggled to keep up with the influx of critically ill patients. This led to a shortage of ventilators, causing governments and manufacturers to ramp up production to meet the demand. The increased production, coupled with government stimulus programs, resulted in a significant boost to the market. The market is expected to continue growing as the demand for ventilators remains high due to the ongoing pandemic and the need for better preparedness for future outbreaks.

Ventilators Report Coverage:

Report AttributesReport Details
Study Timeline2018-2030
Market Size in 2030 (USD Billion)9.25 Billion
CAGR (2022-2030)11.8%
By Product TypeInvasive Ventilation, Non-Invasive Ventilation
By ModePressure-Mode Ventilation, Combined-Mode Ventilation, Volume-Mode Ventilation, Other
By TypeNeonatal Ventilators, Adult Ventilators, Paediatric Ventilators
By ModalityNeonatal Ventilators, Intensive Care Ventilators, Portable Ventilators
By End UserHospitals, Ambulatory Surgery Centres, Specialty Clinics, Long Term Care Centres, Rehabilitation Centres, Homecare Settings
By GeographyNorth America, Europe, Asia Pacific, Latin America, Middle East and Africa
Key PlayersHamilton Medical, GE Healthcare, Smiths Medical, ZOLL Medical Corporation, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Getinge AB, Medtronic, Vyaire Medical Inc., Drägerwerk AG & Co. KGaA, Koninklijke Philips N.V.

Get Free Sample PDF

Market Segmentation:

By Product Type

The ventilators market can be segmented by product type into invasive and non-invasive ventilators. Invasive ventilators, also known as critical care ventilators, are typically used in hospital settings and require a patient to be intubated. Non-invasive ventilators, on the other hand, deliver air through a mask or nasal prongs, making them suitable for home use. The market demand for non-invasive ventilators is increasing due to their ease of use, portability, and low invasiveness. On the other hand, invasive ventilators continue to be widely used in critical care settings where a higher level of support is required. The market for both product types is expected to grow in the coming years, driven by factors such as an aging population, advancements in technology, and increased investment in the healthcare sector.

By Mode

The ventilators market can also be segmented by mode into volume-controlled, Combined-Mode Ventilation and pressure-controlled ventilators. Volume-controlled ventilators deliver a fixed volume of air per breath, while pressure-controlled ventilators delivers air at a fixed pressure. The choice of mode depends on the patient’s condition and the desired level of support. Volume-controlled ventilators are typically used in less critical cases. Combined-mode ventilation is a relatively new mode of ventilation that combines features of volume-controlled and pressure-controlled ventilation. This mode is gaining popularity due to its ability to provide a more tailored level of support, with improved patient comfort and outcomes.

By Mobility

The ventilators market can also be segmented by mobility into Neonatal Ventilators, Intensive Care Ventilators, and Portable Ventilators. Neonatal ventilators are specialized devices specifically designed for new-born infants, providing critical respiratory support with precise control of pressure, volume, and flow. They are crucial in ensuring the survival and well-being of premature or critically ill new-borns. Intensive Care Ventilators are specialized devices for critically ill patients in hospital ICUs, offering advanced features and high-level respiratory support. Portable ventilators are lightweight and easy to move, making them suitable for use in ambulances, at home, and in other non-stationary settings.

By Region

The global ventilators market can be segmented by region into North America, Europe, Asia-Pacific, and the Rest of the World. North America is expected to hold a significant share of the market due to factors such as the high adoption of advanced medical technologies and the presence of major players in the region. The Asia-Pacific region is expected to experience significant growth due to increasing investment in the healthcare sector and the growing demand for medical devices. The growth is driven by factors such as heightened recognition of respiratory illnesses, growing investment in healthcare, and expanding interest in medical devices in developing nations.

Competitor Landscape:

The global ventilators market is highly competitive, with a large number of players operating in the market. Key players in the market include-

  • Hamilton Medical
  • GE Healthcare
  • Smith’s Medical
  • ZOLL Medical Corporation
  • Shenzhen Mindray Bio-Medical Electronics Co. Ltd.
  • Getinge AB
  • Medtronic
  • Vyaire Medical Inc
  • Drägerwerk AG & Co. KGaA
  • Koninklijke Philips N.V.

Recent Developments of Competitors:

  • In 2021, GE Healthcare announced the launch of its portable and compact V|tome|x CT ventilator, designed for use in both hospital and home settings.
  • Philips has recently partnered with Dräger to offer combined ventilator and monitoring solutions for critically ill patients in intensive care units. This collaboration aims to improve patient outcomes and streamline clinical workflows.

Table of Content

To check our Table of Contents, please mail us at: [email protected]

Research Methodology

The Market Research Community offers numerous solutions and its full addition in the research methods to be skilled at each step. We use wide-ranging resources to produce the best outcome for our customers. The achievement of a research development is completely reliant on the research methods implemented by the company. We always faithful to our clients to find opportunities by examining the global market and offering economic insights.

Market Research Community are proud of our widespread coverage that encompasses the understanding of numerous major industry domains. Company offers consistency in our research report, we also offers on the part of the analysis of forecast across a range of coverage geographies and coverage. The research teams carry out primary and secondary research to carry out and design the data collection methods.

Ventilators Market Size, Share & Trends Analysis, By Product Type (Neonatal Ventilators, Intensive Care Ventilators), By Mode (Pressure-Mode Ventilation, Combined-Mode Ventilation), By Type, By Modality, By End User, By Region and Forecast Period-2022 – 2030.
Back to top button