Medical Ventilator Market Report 2024 (Global Edition)

Global Medical Ventilator Market Report 2024 Market Size Split by Mobility (Critical Care Ventilators, High-end ICU ventilators, Mid-end ICU ventilators, Basic ICU Ventilators, Transport Ventilators),...

Medical Ventilator Market Report Description

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Medical Ventilator Market Insights Video

Competitive Landscape of the Medical Ventilator Market

In the Medical Ventilator market's competitive landscape, numerous key competitors are driving innovation and growth. Companies are focusing on developing advanced ventilators with features like artificial intelligence, real-time monitoring, and improved user interfaces to enhance patient care and streamline operations. Companies that prioritize innovation, quality, and customer-centric solutions are likely to thrive in this dynamic environment. As global health systems continue to adapt to emerging challenges, the demand for reliable and advanced ventilatory support will drive competition and foster new opportunities within the market.

In January 2023, Getinge introduced its newest mechanical ventilator, the Servo-c, designed to deliver lung-protective therapy for both pediatric and adult patients. The Servo-c features modular components that enable intelligent fleet management, ensuring maximum uptime and cost efficiency by removing the need for proprietary disposables. Additionally, the Servo-c is equipped with CO2 monitoring and Servo Compass technology, enhancing its functionality. (Source: https://www.getinge.com/int/company/news/press-releases/2023/4446344-Getinge-expands-the-ICU-offering-with-the-new/ )

Top Companies Market Share in Medical Ventilator Industry: (In no particular order of Rank)

• Getinge AB (Sweden)
• E. Healthcare (U.S.)
• Vyaire Medical
• Inc. (U.S.)
• Medtronic (Ireland)
• Drägerwerk AG & Co. KGaA (Germany)
• Hamilton Medical (Switzerland)
• Resmed (U.S.)
• Koninklijke Philips NV (Netherlands)
• Smith’s Medical (U.S.)
• Allied Healthcare Products Inc. (U.S.)
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Medical Ventilator Market

Which Region Dominates the Medical Ventilator Market in 2024?

According to Cognitive Market Research, North America currently dominates the Medical Ventilators market, and the region is expected to have significant growth during the projected period. North America is witnessing a significant rise in its aging population, particularly among individuals aged 65 and older. This demographic shift often results in various health challenges, including respiratory disorders, which create a need for ventilators. The number of Americans aged 65 and older is projected to grow from 58 million in 2022 to 82 million by 2050, representing a 47% increase. Additionally, this age group’s proportion of the total population is expected to rise from 17% to 23%. Between 1980 and 2022, the median age of the population climbed from 30.0 to 38.9 years, with one-third of states reporting a median age above 40 in 2022. Maine (44.8) and New Hampshire (43.3) have the highest median ages, further increasing the demand for critical care services and ventilatory support.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). Many countries in the Asia Pacific region are making substantial investments in healthcare infrastructure. For instance, the Indian healthcare market, valued at approximately US$ 110 billion in 2016, is projected to reach US$ 638 billion by 2025. This sector is experiencing remarkable growth, with private equity and venture capital investments exceeding US$ 1 billion in the first five months of 2024, representing a 220% increase compared to the previous year. In Maharashtra, the number of ICU beds has surged by 325%, while ventilator availability has increased by 356%. The state has expanded its ICU bed capacity from 9,344 in 2020 to 39,738, and the count of ventilators has grown from 3,436 to 15,657. Governments are emphasizing the expansion and modernization of healthcare facilities to address the rising demand for medical services, particularly by increasing the number of intensive care units (ICUs) and equipping them with advanced medical ventilators. Countries like India and China are especially focused on improving their healthcare systems to accommodate their growing populations and enhance overall health outcomes.

The current report Scope analyzes Medical Ventilator Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Medical Ventilator

According to Cognitive Market Research, the global Medical Ventilator market size was estimated at USD 1952.2 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 780.8 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.7% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Medical Ventilator market with a market size of USD 616.11 million in 2024 and is projected to grow at a CAGR of 7.5% during the forecast period. In the U.S., the demand for the Medical Ventilator market is driven by the rising prevalence of respiratory disorders, and increased hospitalizations related to respiratory illnesses.
• The Canada Medical Ventilator market had a market share of USD 93.71 million in 2024 and is projected to grow at a CAGR of 8.5% during the forecast period. In Canada, the demand for the Medical Ventilator market is driven by the significant increase in respiratory disease hospitalizations, particularly among vulnerable age groups like children and the elderly.
• The Mexico Medical Ventilator market is projected to witness growth at a CAGR of 8.2% during the forecast period, with a market size of USD 71.06 million in 2024.

Europe Medical Ventilator

According to Cognitive Market Research, the global Medical Ventilator market size was estimated at USD 1952.2 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 585.66 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.0% from 2024 to 2031.

• The United Kingdom Medical Ventilator market had a market share of USD 98.39 million in 2024 and is projected to grow at a CAGR of 8.8% during the forecast period. In the UK, the demand for the Medical Ventilator Market is driven by advancements in healthcare technology and the NHS's focus on improving critical care services.
• The France Medical Ventilator market is projected to witness growth at a CAGR of 7.2% during the forecast period, with a market size of USD 53.88 million in 2024.
• According to Cognitive Market Research, the German Medical Ventilator market size was valued at USD 115.96 million in 2024 and is projected to grow at a CAGR of 8.2% during the forecast period. In Germany, the demand for the Medical Ventilator Market is driven by the country's increasing prevalence of chronic respiratory conditions.
• The Italy Medical Ventilator market is projected to witness growth at a CAGR of 7.4% during the forecast period, with a market size of USD 50.37 million in 2024.
• The Russia Medical Ventilator market is projected to witness growth at a CAGR of 7.0% during the forecast period, with a market size of USD 90.78 million in 2024.
• The Spain Medical Ventilator market is projected to witness growth at a CAGR of 7.1% during the forecast period with a market size of USD 48.02 million in 2024
• The Luxembourg Medical Ventilator market is projected to witness growth at a CAGR of 8.1% during the forecast period, with a market size of USD 18.16 million in 2024.
• The Portugal Medical Ventilator market is projected to witness growth at a CAGR of 7.8% during the forecast period, with a market size of USD 12.30 million in 2024.
• The Greece Medical Ventilator market is projected to witness growth at a CAGR of 8.3% during the forecast period, with a market size of USD 7.03 million in 2024.
• The Rest of Europe's Medical Ventilator market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 90.78 million in 2024.

Asia Pacific Medical Ventilator

According to Cognitive Market Research, the global Medical Ventilator market size was estimated at USD 1952.2 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 449.0 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.5% from 2024 to 2031.

• According to Cognitive Market Research, the China Medical Ventilator market size was valued at USD 202.05 million in 2024 and is projected to grow at a CAGR of 11.0% during the forecast period. In China, the demand for the Medical Ventilator market is driven by the growing prevalence of respiratory diseases due to urbanization and environmental pollution.
• The Japan Medical Ventilator market is projected to witness growth at a CAGR of 10.0% during the forecast period, with a market size of USD 61.96 million in 2024.
• The India Medical Ventilator market had a market share of USD 53.88 million in 2024 and is projected to grow at a CAGR of 13.3% during the forecast period. India's significant prevalence of respiratory disorders, coupled with lifestyle factors like smoking and allergies, contributes to the rise of various respiratory conditions, thereby driving market growth.
• The South Korean Medical Ventilator market is projected to witness growth at a CAGR of 10.6% during the forecast period, with a market size of USD 44.90 million in 2024.
• The Australian Medical Ventilator market is projected to witness growth at a CAGR of 11.2% during the forecast period, with a market size of USD 23.35 million in 2024.
• The South East Asia Medical Ventilator market is projected to witness growth at a CAGR of 12.5% during the forecast period, with a market size of USD 30.98 million in 2024.
• The Rest of Asia Pacific Medical Ventilator market is projected to witness growth at a CAGR of 11.3% during the forecast period, with a market size of USD 31.88 million in 2024.

South America Medical Ventilator

According to Cognitive Market Research, the global Medical Ventilator market size was estimated at USD 1952.2 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 97.61 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.9% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Medical Ventilator market size was valued at USD 41.78 million in 2024 and is projected to grow at a CAGR of 9.5% during the forecast period. In Brazil, the demand for the Medical Ventilator market is driven by the country’s substantial healthcare spending and the increasing need for advanced medical equipment in response to rising respiratory diseases and critical care needs.
• Argentina's Medical Ventilator market had a market share of USD 16.40 million in 2024 and is projected to grow at a CAGR of 9.8% during the forecast period. In Argentina, the demand for the Medical Ventilator market is driven by government initiatives to improve healthcare infrastructure and the growing prevalence of respiratory disorders, prompting the acquisition of more ventilators in hospitals and clinics.
• Colombia Medical Ventilator market is projected to witness growth at a CAGR of 8.7% during the forecast period, with a market size of USD 8.69 million in 2024.
• Peru Medical Ventilator market is projected to witness growth at a CAGR of 9.1% during the forecast period, with a market size of USD 8.00 million in 2024.
• Chile's Medical Ventilator market is projected to witness growth at a CAGR of 9.2% during the forecast period, with a market size of USD 7.03 million in 2024.
• The Rest of Latin America's Medical Ventilator market is projected to witness growth at a CAGR of 8.0% during the forecast period, with a market size of USD 15.72 million in 2024.

Middle East and Africa Medical Ventilator

According to Cognitive Market Research, the global Medical Ventilator market size was estimated at USD 1952.2 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 39.04 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.2% from 2024 to 2031.

• The GCC Countries Medical Ventilator market is projected to witness growth at a CAGR of 10.0% during the forecast period, with a market size of USD 16.71 million in 2024. Medical Ventilator sales flourish due to high rates of smoking and associated respiratory illnesses.
• The Egypt Medical Ventilator market is projected to witness growth at a CAGR of 9.5% during the forecast period, with a market size of USD 4.10 million in 2024.
• The South Africa Medical Ventilator market is projected to witness growth at a CAGR of 10.2% during the forecast period, with a market size of USD 6.17 million in 2024. In South Africa, the demand for the Medical Ventilator Market is driven by increased healthcare spending and investments in hospitals and clinics.
• The Turkey Medical Ventilator market is projected to witness growth at a CAGR of 8.7% during the forecast period, with a market size of USD 3.36 million in 2024.
• The Nigeria Medical Ventilator market is projected to witness growth at a CAGR of 8.3% during the forecast period, with a market size of USD 4.10 million in 2024.
• The Rest of the MEA Medical Ventilator market is projected to witness growth at a CAGR of 8.2% during the forecast period, with a market size of USD 4.61 million in 2024.

Medical Ventilator Market Analysis

Medical Ventilator Market Mobility Segment Analysis

According to Cognitive Market Research, Critical Care Ventilators are likely to dominate the Medical Ventilator Market over the forecast period. The demand for portable and mobile ventilation solutions is rising, particularly in critical care settings such as emergency departments and intensive care units (ICUs). These ventilators offer the flexibility to be used in various healthcare settings, including hospitals, ambulances, and even at home. This adaptability is crucial for providing immediate respiratory support to patients who require quick intervention, especially during emergencies.

Transport Ventilators is the fastest-growing segment in the Medical Ventilator Market. The rising demand for emergency medical services (EMS) is a significant driver of the transport ventilators market. As the incidence of medical emergencies, including respiratory failures and trauma cases, increases, there is a heightened need for efficient and effective ventilation solutions that can be used in ambulances and during patient transfers. Transport ventilators are essential for providing immediate respiratory support in these critical situations.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Medical Ventilator Industry. Request a Free Sample PDF!

Medical Ventilator Market Type Segment Analysis

According to Cognitive Market Research, the Adult/pediatric ventilator segment holds the largest market share. The aging population, particularly in developed countries, contributes significantly to the growth of the adult ventilators segment. Older adults are more susceptible to chronic respiratory diseases, leading to a higher demand for ventilatory support. As the population aged 65 and over continues to grow, the need for adult ventilators will increase correspondingly.

In the Medical Ventilator market, the rapidly growing sector is the Neonatal/infant ventilators category. The global rise in premature births is significantly impacting the demand for neonatal ventilators. Factors contributing to the increasing rates of preterm births include maternal age, multiple pregnancies, and fertility treatments. According to WHO estimates, about 15 million infants are born prematurely each year, leading to a higher incidence of respiratory complications that require specialized ventilators.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Medical Ventilator Mode Segment Analysis

Medical Ventilator Market Mode Segment Analysis

According to Cognitive Market Research, the Combined-Mode Ventilation segment holds the largest market share. Combined-mode ventilation allows for the integration of different ventilation strategies, accommodating a diverse range of patient needs. This flexibility is particularly beneficial in critical care settings, where patients may exhibit varying levels of respiratory function and require tailored ventilation approaches. The ability to switch between modes, such as assist-control (AC) and synchronized intermittent mandatory ventilation (SIMV), helps clinicians optimize ventilation support based on real-time patient conditions.

In the Medical Ventilator market, the rapidly growing sector is the Pressure-Mode Ventilator category. Pressure-mode ventilation minimizes the risk of barotrauma (lung injury caused by excessive pressure), as it ensures that the airway pressure does not exceed a predetermined level. This feature is particularly important for patients with compromised lung function, making pressure-mode ventilators a safer choice for critically ill patients who require mechanical ventilation. Pressure-mode ventilators are adaptable to various patient conditions, including those with restrictive lung diseases, acute respiratory distress syndrome (ARDS), and other forms of respiratory failure. The ability to provide controlled ventilation while allowing for spontaneous breathing makes these ventilators suitable for a wide range of patients, thereby increasing their market demand.

• Combined-Mode Ventilation
• Volume-Mode Ventilation
• Pressure-Mode Ventilator
• Other

Medical Ventilator Technology Segment Analysis

Medical Ventilator Market Technology Segment Analysis

According to Cognitive Market Research, the Automated segment holds the largest market share. Automated ventilators are designed to optimize ventilation strategies based on real-time patient data, which can lead to better clinical outcomes. By continuously monitoring vital parameters and adjusting settings automatically, these ventilators can provide more precise ventilation support, reducing the risk of complications such as ventilator-associated lung injury (VALI).

In the Medical Ventilator market, the rapidly growing sector is the Mechanical category. As healthcare systems expand and modernize, the number of ICUs is increasing. ICUs are essential for managing critically ill patients, many of whom require mechanical ventilation. The growth of these specialized units directly correlates with an increased demand for mechanical ventilators, as they are fundamental for patient care in critical settings.

• Automated
• Mechanical

Medical Ventilator Interface Segment Analysis

Medical Ventilator Market Interface Segment Analysis

According to Cognitive Market Research, the Invasive Ventilators segment holds the largest market share. Invasive ventilators are often more effective in providing adequate ventilation and oxygenation compared to non-invasive methods, especially in patients with severe respiratory failure. The ability of invasive ventilators to deliver higher levels of oxygen and controlled ventilation can lead to better clinical outcomes, which drives their continued use.

In the Medical Ventilator market, the rapidly growing sector is the Non-invasive Ventilators category. Non-invasive ventilation offers a more comfortable alternative to invasive methods, as it eliminates the need for intubation. Patients often prefer NIV because it allows them to breathe more naturally and reduces the discomfort associated with invasive ventilation. The emphasis on patient comfort and satisfaction has led to a greater acceptance of non-invasive ventilators among healthcare providers.

• Invasive Ventilators
• Non-invasive Ventilators

Medical Ventilator End User Segment Analysis

Medical Ventilator Market End User Segment Analysis

According to Cognitive Market Research, the Specialty Clinics segment holds the largest market share. Specialty clinics often emphasize personalized treatment plans tailored to individual patient needs. The use of specialized ventilators allows clinicians to customize ventilation strategies, improving patient outcomes. This focus on personalized care is attracting more patients to specialty clinics, further driving the demand for ventilators in these settings.

In the Medical Ventilator market, the rapidly growing sector is the Hospitals category. Many countries are investing in improving their healthcare infrastructure, particularly in the hospital sector. Enhanced facilities and expanded capacities in hospitals lead to a higher demand for ventilators, as more patients with respiratory issues are admitted for treatment. This trend is especially notable in emerging economies where healthcare facilities are rapidly evolving. With the rise in emergency and trauma cases due to accidents, natural disasters, and other unforeseen events, hospitals are experiencing higher patient influxes that often require respiratory support. The need for efficient and effective ventilators to handle emergency cases is contributing to market growth.

• Hospitals
• Specialty Clinics
• Long-Term Care Centers
• Rehabilitation Centers
• Home Care Settings
• Others

Author's Detail

Anushka Gore

Research Associate at Cognitive Market Research

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Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.

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