Global Ventilator
Market Report
2024
The Ventilator market size in 2021 was USD 3.03 billion and estimated to be USD 9.57 billion by 2030 with a CAGR of 5.2% during the forecast period.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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The Ventilator market size in 2021 was USD 3.03 billion and estimated to be USD 9.57 billion by 2030 with a CAGR of 5.2% during the forecast period.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Ventilator Market Sales Revenue 2022 | $ 3.03 Billion |
Global Ventilator Market Sales Revenue 2030 | $ 9.57 Billion |
Global Ventilator Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.2% |
Market Split by Interface |
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Market Split by Product |
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Market Split by End User |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of Ventilator industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Ventilator Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Mechanical Ventilator, also known as a device for breathing, that allows a person to breathe normally or get enough oxygen into blood. Hospitals and transportation systems like emergency medical services and MEDEVAC airways, mechanical ventilators are often employed. When patients are unable to breathe due to chronic conditions like allergies and asthma, pulmonary syndrome, or even unexpected cases of respiratory disorders like COVID-19, etc., a breathing machine is a life-saving device. The total number of ICUs (intensive care units) and ICU beds is expected to rise, the number and severity of long-term illness and infectious illnesses, urbanization and rising pollution levels, rapid geriatric population growth, and rising preterm birth rates, all factors are expected to fuel the global ventilators market's expansion.
The most important factors influencing the growth of this market are the rising incidence of COPD, also called chronic obstructive pulmonary and other respiratory illnesses such as sleep apnea, acute lung damage, and hypoxemia. The high incidence of tobacco use, which causes respiratory diseases, will further support the market's expansion. Asthma attack and COPD, are the two most prevalent respiratory conditions in the world. As per the National institute of health, till 2025, 100 million people may be affected by asthma worldwide. The above-mentioned factors are responsible for the Ventilator market growth.
The rise in elderly population drives the market growth. The elderly population is more prone to chronic disorder. Increasing age results in a decline in the immune system that leads to high incidence of chronic illness. As some chronic respiratory illnesses need continual care and therapy, the demand for portable ventilators has increased.
The potential hazards related to utilizing mechanical ventilators can limit industry expansion. As there is a chance of becoming sick from infection related to the mechanical airway, more automatic respiration is required. As a result, it is estimated that risks associated with the usage of devices will serve as a barrier to the market for ventilators during the forecast period.
Technology advancement, including the creation of an advanced portable ventilator and development in ventilator sensor technologies, are predicted to create profitable market prospects. Additionally, the advancement of non-invasive, microprocessor-controlled transportable ventilators will present the medical device sector with a number of more lucrative prospects.
The healthcare sector was adversely damaged by the COVID-19 pandemic. The demand for mechanical ventilators has increased. As life support systems, stationary or portable ventilatory devices were in high demand. It is becoming more crucial than ever for business entities to supply oxygen when it is needed. Because of the COVID-19 pandemic's impacts, regulatory bodies have provided full support for the introduction of innovative ventilators.The ventilator system also detects respiratory system irregularities and airway resistance. Ventilators are considered a life-critical equipment and as such, their performance must be extremely reliable since their failure may result in death. The Covid-19 had a positive impact on the mechanical ventilator, as it provided life support during the life-threatening situation.
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The trilogy of the Evo Universal ventilator support, which was introduced by Philips Healthcare, offers cutting-edge technologies such a display interface, intelligent control, and wireless communication.
In order to design and build a range of ventilators that provide precise pressure and gas flow control, Emerson revealed an alliance with BioBusiness, an Egyptian manufacturer of medical equipment. These ventilators will feature Emerson's ASCOTM valves and AVENTICSTM regulators.
To aid India during the severe COVID-19 pandemic and to develop its strong brand presence in India, VYAIRE Medical sent five vela ventilators, two CPAP and BIPAP machines, and oxygen concentrators.
Top Companies Market Share in Ventilator Industry: (In no particular order of Rank)
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North America is anticipated to be the most significant contributor to the market share of the ventilator market. Increasing chronic disease, growing geriatric population, standard healthcare infrastructure and supportive government initiative to increase the production and supply of mechanical ventilators are factors that boost the market growth.
The Asia pacific market is expected to grow during the forecast period. High population in the region result in high demand for mechanical ventilators as well as increase in long term disease. Above mentioned factors will be responsible for the future growth of the ventilator market in this region.
The current report Scope analyzes 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
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Global Ventilator Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Ventilator Industry growth. Ventilator market has been segmented with the help of its Interface, Product End User, and others. Ventilator market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on the interface, the ventilator market segment is divided into non-invasive ventilator & invasive ventilator. With the fastest growth rate, the invasive Ventilator category will likely dominate the market. For patients with chronic diseases, these ventilators are mostly used in hospitals for intensive care. Invasive ventilatory support is crucial for certain people who need continual inhaling support, this led to increasing in demand of invasive ventilator.
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Based on the product the ventilator segment is divided into portable ventilator and intensive care ventilator. During the forecast period, intensive care ventilatory support is anticipated to have the highest revenue share. The majority of medical facilities that have fully furnished intensive care beds use these ventilators. An increase in chronic respiratory disease and growing elderly population are factors that boost the intensive care ventilator segment.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Ventilator market report 2024 Edition by contacting our team.
Based on the end user ventilator segment is divided into hospital, homecare, ambulatory surgical car and others. The hospital segment is expanding as a result of an abundance of licensed medical professionals who can operate these ventilators. A growing focus on improving patient health, increasing hospital productivity and the continual surveillance provided by hospital employees is likely to boost patients' liking for these medical facilities.
During the forecast period, the home healthcare category is anticipated to develop at the fastest rate. The industry is growing because there are more government programmes aimed at reducing healthcare costs by boosting at-home care.
Research Associate at Cognitive Market Research
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.
Anushka is a highly motivated and detail-oriented research analyst with a passion for uncovering valuable insights from data. Her expertise in Market Research and business intelligence has equipped her with the skills necessary to analyze complex information and provide strategic recommendations. She thrives in dynamic environments where her analytical abilities and research expertise can contribute to informed decision-making for businesses
I played a pivotal role in conducting market research and competitive analysis. I have a demonstrated ability to synthesize diverse data sources, identify trends, and translate findings into actionable recommendations. My collaborative approach facilitated effective communication of insights, fostering a data-driven culture within the organization. I am committed to maintaining excellence through continuous learning and staying ahead of industry trends. Regular participation in conferences and professional development opportunities keeps my skills sharp and relevant.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Ventilator Market is witnessing significant growth in the near future.
In 2023, the Non-invasive ventilator segment accounted for noticeable share of global Ventilator Market and is projected to experience significant growth in the near future.
The Portable ventilator segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Medtronic , Company: Boston Scientific and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Disclaimer:
Interface | Non-invasive ventilator, Invasive ventilator |
Product | Portable ventilator, Intensive care ventilator |
End User | Hospital, Homecare, Ambulatory surgical care, Other |
List of Competitors | Medtronic, Abbott, Company: Boston Scientific, CO. KG BIOTRONIK SE, Scientific Corporation MicroPort, Fisher & Paykel Healthcare Ltd., ResMed, Zoll Medical Corporation, Hamilton, GE Healthcare, Fisher & Paykel N.V., and Koninklijke Philips N.V. |
This chapter will help you gain GLOBAL Market Analysis of Ventilator. Further deep in this chapter, you will be able to review Global Ventilator Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America Ventilator Market Trends North America Ventilator Technological Road Map North America Ventilator Market Drivers North America Ventilator Market Restraints North America Ventilator Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
You can purchase only the Executive Summary North America Market (2019 vs 2024 vs 2031)
Chapter 3 Europe Market Analysis
You can purchase only the Executive Summary Europe Market (2019 vs 2024 vs 2031)
Chapter 4 Asia-Pacific Market Analysis
You can purchase only the Executive Summary Asia Pacific Market (2019 vs 2024 vs 2031)
Chapter 5 South America Market Analysis
You can purchase only the Executive Summary South America Market (2019 vs 2024 vs 2031)
Chapter 6 Middle East and Africa Market Analysis
You can purchase only the Executive Summary Middle East and Africa Market (2019 vs 2024 vs 2031)
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Interface Analysis 2019 -2031, will provide market size split by Interface. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Interface Analysis 2019 -2031
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Chapter 11 Market Split by Product Analysis 2019 -2031
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Chapter 12 Market Split by End User Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Ventilator market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Non-invasive ventilator have a significant impact on Ventilator market? |
What are the key factors affecting the Non-invasive ventilator and Invasive ventilator of Ventilator Market? |
What is the CAGR/Growth Rate of Portable ventilator during the forecast period? |
By type, which segment accounted for largest share of the global Ventilator Market? |
Which region is expected to dominate the global Ventilator Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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