Newly-released Mechanical Ventilator industry analysis report by Future Market Insights shows that global sales of Mechanical Ventilator in 2022 were held at US$ 5.7 Billion. With a CAGR of 5.7% from 2023 to 2033, the Mechanical Ventilator Market is projected to reach a valuation of US$ 10.5 Billion by 2033. Critical Care ventilators are expected to be the highest revenue-generating segment with a CAGR of 5.8% from 2023 to 2033.
| Attribute | Details |
|---|---|
| Global Mechanical Ventilator Market (2023) | US$ 6 Billion |
| Global Mechanical Ventilator Market (2033) | US$ 10.5 Billion |
| Global Mechanical Ventilator Market CAGR (2023 to 2033) | 5.7% |
| USA Mechanical Ventilator Market CAGR (2033) | US$ 3.7 Billion |
| Key Companies Profiled |
|
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As per the Mechanical Ventilator industry research by Future Market Insights - a market research and competitive intelligence provider, historically, from 2018 to 2022, the market increased at around 5.2% CAGR, wherein, countries such as the USA, China, Japan, UK, and South Korea held a significant share in the global market.
Mechanical ventilators are primarily used to treat COPD, apnea, acute lung damage, and hypoxia. Portable ventilators are commonly employed in hospitals because of their ease, speed, and ability to provide continuous treatment to patients even before they arrive at the hospital. As a result, the growing number of hospitals is predicted to fuel market expansion by increasing product demand due to their efficiency and range of uses. The market is projected to grow at a CAGR of 5.7% over the coming 10 years.
A growing number of senior citizens, combined with higher incidence rates of chronic conditions, such as chronic obstructive pulmonary disease (COPD), is leading to the market's growth. Mechanical ventilators are in higher demand among geriatric patients who require long-term ventilation for the treatment of chronic respiratory illnesses. The rising incidence of COPD, as well as technical advancements in the realm of positive pressure airway devices, are fueling the worldwide mechanical ventilators market.
Principal Consultant
The market for mechanical ventilators is being held back by hefty capital requirements. Furthermore, the market's growth is hampered by dangers connected with mechanical ventilation treatments. The endotracheal tube in the windpipe, for example, makes it easier for germs to enter the lungs, causing pneumonia. Mechanical ventilators, on the other hand, force air into the lungs. It has the potential to harm your lungs by expanding them.
The market in North America is projected to cross US$ 4 Billion by 2033. During the epidemic, the market for mechanical ventilators witnessed a significant surge in the region. For instance, to deal with the expected surge in demand for mechanical ventilators in the USA, the CDC Strategic National Stockpile (SNS) stores and maintains mechanical ventilators that can be put to work on demand through appropriate channels. The SNS stockpiles three specific types of ventilators: the LP10 (Covidien), the LTV1200 (CareFusion), and the Uni-vent Eagle 754 (Impact Instrumentation).
On the other hand, the market in the Asia Pacific is expected to grow at a CAGR of over 7%. Rising healthcare spending on account of a rising incidence of respiratory diseases will spur market growth in Asia Pacific over the forecast period. For example, in January 2021, CSIR-NAL released Swasth Vayu, a non-invasive airway pressure ventilator.
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Over the forecast period, the market in the US is expected to grow at a CAGR of 5.7%. In 2022, the USA led the global market, accounting for roughly 35% of total revenue. The initiation of manufacturing advancements by world-class manufacturers as well as an increase in serious patients suffering from COVID-19 have increased the demand in the country.
The market in the United Kingdom is expected to reach a valuation of US$ 407 Million by 2033. Growing with a CAGR of 6.2% in the forecast period, the market in the country is projected to garner an absolute dollar opportunity of around US$ 184 Million.
In Japan, the market is expected to grow at a CAGR of 6.8% from 2023 to 2033, reaching around US$ 584 Billion by 2033. The market in the country is expected to gross an absolute dollar opportunity of US$ 280.5 Billion during the forecast period.
The market in South Korea is expected to reach a valuation of around US$ 240 Million by 2033, growing at a CAGR of 6% from 2023 to 2033. The market in the country is expected to witness an absolute dollar opportunity of around US$ 107 Million.
The Critical Care segment is expected to account for a significant share of the global market with a projected CAGR of 5.8%. Due to the high adoption and installation rate in hospitals, critical care ventilators led the market with a share of more than 35% in 2022.
In both critical care units and intensive care units, critical care ventilators are often used. The growing number of hospitals and healthcare facilities is improving market growth. Because affected patients may require targeted therapy, the increased incidence of these indications is predicted to increase admission to hospitals.
Hamilton Medical, Getinge, Drägerwerk AG & Co., Smiths Medical, GE Healthcare, Ventec Life Systems, and Vyaire Medical Inc. are the prominent providers of Mechanical Ventilator.
A few of the recent developments of key Mechanical Ventilator providers are as follows:
This strategic decision supplemented the company's current line of mechanical ventilators and added to its unique product portfolio, providing additional options to build highly effective COVID-19 solutions.
Similarly, recent developments related to companies offering Mechanical Ventilators have been tracked by the team at Future Market Insights, which are available in the full report.
The market is estimated to reach US$ 6 billion in 2023.
Getinge AB, Medtronic, and GE Healthcare Ltd are some key market players.
Critical care segment account for 5.8% of the market share through 2033.
The market is expected to register 5.7% CAGR through 2033.
By 2033, the market is likely to reach US$ 10.5 billion.
1. Executive Summary | Mechanical Ventilator Market
1.1. Global Market Outlook
1.2. Summary of Statistics
1.3. Key Market Characteristics & Attributes
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Risks and Trends Assessment
3.1. Risk Assessment
3.1.1. COVID-19 Crisis and Impact on Mechanical Ventilators
3.1.2. COVID-19 Impact Benchmark with Previous Crisis
3.1.3. Impact on Market Value (US$ Million)
3.1.4. Assessment by Key Countries
3.1.5. Assessment by Key Market Segments
3.1.6. Action Points and Recommendation for Suppliers
3.2. Key Trends Impacting the Market
3.3. Formulation and Product Development Trends
4. Market Background
4.1. Market, by Key Countries
4.2. Market Opportunity Assessment (US$ Million)
4.2.1. Total Available Market
4.2.2. Serviceable Addressable Market
4.2.3. Serviceable Obtainable Market
4.3. Market Scenario Forecast
4.3.1. Demand in optimistic Scenario
4.3.2. Demand in Likely Scenario
4.3.3. Demand in Conservative Scenario
4.4. Investment Feasibility Analysis
4.4.1. Investment in Established Markets
4.4.1.1. In Short Term
4.4.1.2. In Long Term
4.4.2. Investment in Emerging Markets
4.4.2.1. In Short Term
4.4.2.2. In Long Term
4.5. Forecast Factors - Relevance & Impact
4.5.1. Top Companies Historical Growth
4.5.2. Growth in Automation, By Country
4.5.3. Patch Management Adoption Rate, By Country
4.6. Market Dynamics
4.6.1. Market Driving Factors and Impact Assessment
4.6.2. Prominent Market Challenges and Impact Assessment
4.6.3. Patch Management Market Opportunities
4.6.4. Prominent Trends in the Global Market & Their Impact Assessment
5. Key Success Factors
5.1. Manufacturers’ Focus on Low Penetration High Growth Markets
5.2. Banking on with Segments High Incremental Opportunity
5.3. Peer Benchmarking
6. Global Market Demand Analysis 2018 to 2022 and Forecast, 2023 to 2033
6.1. Historical Market Analysis, 2018 to 2022
6.2. Current and Future Market Projections, 2023 to 2033
6.3. Y-o-Y Growth Trend Analysis
7. Global Market Value Analysis 2018 to 2022 and Forecast, 2023 to 2033
7.1. Historical Market Value (US$ Million) Analysis, 2018 to 2022
7.2. Current and Future Market Value (US$ Million) Projections, 2023 to 2033
7.2.1. Y-o-Y Growth Trend Analysis
7.2.2. Absolute $ Opportunity Analysis
8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type
8.1. Introduction / Key Findings
8.2. Historical Market Size (US$ Million) Analysis By Product Type, 2018 to 2022
8.3. Current and Future Market Size (US$ Million) Analysis and Forecast By Product Type, 2023 to 2033
8.3.1. Critical Care
8.3.1.1. Ventilators
8.3.1.2. Accessories
8.3.2. Neonatal
8.3.2.1. Ventilators
8.3.2.2. Accessories
8.3.3. Transport & Portable
8.3.3.1. Ventilators
8.3.3.2. Accessories
8.3.4. Other Product Type
8.4. Market Attractiveness Analysis By Product Type
9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Ventilation
9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Million) Analysis By Ventilation, 2018 to 2022
9.3. Current and Future Market Size (US$ Million) Analysis and Forecast By Ventilation, 2023 to 2033
9.3.1. Invasive
9.3.2. Non-invasive
9.4. Market Attractiveness Analysis By Ventilation
10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End-User
10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ Million) Analysis By End-User, 2018 to 2022
10.3. Current and Future Market Size (US$ Million) Analysis and Forecast By End-User, 2023 to 2033
10.3.1. Hospitals
10.3.2. Home Healthcare
10.3.3. Other End Users
10.4. Market Attractiveness Analysis By End-User
11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
11.1. Introduction
11.2. Historical Market Size (US$ Million) Analysis By Region, 2018 to 2022
11.3. Current Market Size (US$ Million) & Analysis and Forecast By Region, 2023 to 2033
11.3.1. North America
11.3.2. Latin America
11.3.3. Europe
11.3.4. Asia Pacific
11.3.5. Middle East and Africa (MEA)
11.4. Market Attractiveness Analysis By Region
12. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
12.1. Introduction
12.2. Pricing Analysis
12.3. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
12.4. Market Size (US$ Million) & Forecast By Market Taxonomy, 2023 to 2033
12.4.1. By Country
12.4.1.1. USA
12.4.1.2. Canada
12.4.1.3. Rest of North America
12.4.2. By Product Type
12.4.3. By End-User
12.4.4. By Ventilation
12.5. Market Attractiveness Analysis
12.5.1. By Country
12.5.2. By Product Type
12.5.3. By End-User
12.5.4. By Ventilation
13. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
13.1. Introduction
13.2. Pricing Analysis
13.3. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
13.4. Market Size (US$ Million) & Forecast By Market Taxonomy, 2023 to 2033
13.4.1. By Country
13.4.1.1. Brazil
13.4.1.2. Mexico
13.4.1.3. Rest of Latin America
13.4.2. By Product Type
13.4.3. By End-User
13.4.4. By Ventilation
13.5. Market Attractiveness Analysis
13.5.1. By Country
13.5.2. By Product Type
13.5.3. By End-User
13.5.4. By Ventilation
14. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033
14.1. Introduction
14.2. Pricing Analysis
14.3. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
14.4. Market Size (US$ Million) & Forecast By Market Taxonomy, 2023 to 2033
14.4.1. By Country
14.4.1.1. Germany
14.4.1.2. France
14.4.1.3. United Kingdom
14.4.1.4. Italy
14.4.1.5. Benelux
14.4.1.6. Nordic Countries
14.4.1.7. Rest of Europe
14.4.2. By Product Type
14.4.3. By End-User
14.4.4. By Ventilation
14.5. Market Attractiveness Analysis
14.5.1. By Country
14.5.2. By Product Type
14.5.3. By End-User
14.5.4. By Ventilation
15. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033
15.1. Introduction
15.2. Pricing Analysis
15.3. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
15.4. Market Size (US$ Million) & Forecast By Market Taxonomy, 2023 to 2033
15.4.1. By Country
15.4.1.1. China
15.4.1.2. Japan
15.4.1.3. South Korea
15.4.1.4. Rest of Asia Pacific
15.4.2. By Product Type
15.4.3. By End-User
15.4.4. By Ventilation
15.5. Market Attractiveness Analysis
15.5.1. By Country
15.5.2. By Product Type
15.5.3. By End-User
15.5.4. By Ventilation
16. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033
16.1. Introduction
16.2. Pricing Analysis
16.3. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
16.4. Market Size (US$ Million) & Forecast By Market Taxonomy, 2023 to 2033
16.4.1. By Country
16.4.1.1. GCC Countries
16.4.1.2. South Africa
16.4.1.3. Turkey
16.4.1.4. Rest of Middle East and Africa
16.4.2. By Product Type
16.4.3. By End-User
16.4.4. By Ventilation
16.5. Market Attractiveness Analysis
16.5.1. By Country
16.5.2. By Product Type
16.5.3. By End-User
16.5.4. By Ventilation
17. Key Countries Market Analysis 2018 to 2022 and Forecast 2023 to 2033
17.1. Introduction
17.1.1. Market Value Proportion Analysis, By Key Countries
17.1.2. Global Vs. Country Growth Comparison
17.2. US Market Analysis
17.2.1. Value Proportion Analysis by Market Taxonomy
17.2.2. Value & Analysis and Forecast by Market Taxonomy, 2018 to 2033
17.2.2.1. By Product Type
17.2.2.2. By End-User
17.2.2.3. By Ventilation
17.3. Canada Market Analysis
17.3.1. Value Proportion Analysis by Market Taxonomy
17.3.2. Value & Analysis and Forecast by Market Taxonomy, 2018 to 2033
17.3.2.1. By Product Type
17.3.2.2. By End-User
17.3.2.3. By Ventilation
17.4. Mexico Market Analysis
17.4.1. Value Proportion Analysis by Market Taxonomy
17.4.2. Value & Analysis and Forecast by Market Taxonomy, 2018 to 2033
17.4.2.1. By Product Type
17.4.2.2. By End-User
17.4.2.3. By Ventilation
17.5. Brazil Market Analysis
17.5.1. Value Proportion Analysis by Market Taxonomy
17.5.2. Value & Analysis and Forecast by Market Taxonomy, 2018 to 2033
17.5.2.1. By Product Type
17.5.2.2. By End-User
17.5.2.3. By Ventilation
17.6. Germany Market Analysis
17.6.1. Value Proportion Analysis by Market Taxonomy
17.6.2. Value & Analysis and Forecast by Market Taxonomy, 2018 to 2033
17.6.2.1. By Product Type
17.6.2.2. By End-User
17.6.2.3. By Ventilation
17.7. France Market Analysis
17.7.1. Value Proportion Analysis by Market Taxonomy
17.7.2. Value & Analysis and Forecast by Market Taxonomy, 2018 to 2033
17.7.2.1. By Product Type
17.7.2.2. By End-User
17.7.2.3. By Ventilation
17.8. Italy Market Analysis
17.8.1. Value Proportion Analysis by Market Taxonomy
17.8.2. Value & Analysis and Forecast by Market Taxonomy, 2018 to 2033
17.8.2.1. By Product Type
17.8.2.2. By End-User
17.8.2.3. By Ventilation
17.9. BENELUX Market Analysis
17.9.1. Value Proportion Analysis by Market Taxonomy
17.9.2. Value & Analysis and Forecast by Market Taxonomy, 2018 to 2033
17.9.2.1. By Product Type
17.9.2.2. By End-User
17.9.2.3. By Ventilation
17.10. UK Market Analysis
17.10.1. Value Proportion Analysis by Market Taxonomy
17.10.2. Value & Analysis and Forecast by Market Taxonomy, 2018 to 2033
17.10.2.1. By Product Type
17.10.2.2. By End-User
17.10.2.3. By Ventilation
17.11. Nordic Countries Market Analysis
17.11.1. Value Proportion Analysis by Market Taxonomy
17.11.2. Value & Analysis and Forecast by Market Taxonomy, 2018 to 2033
17.11.2.1. By Product Type
17.11.2.2. By End-User
17.11.2.3. By Ventilation
17.12. China Market Analysis
17.12.1. Value Proportion Analysis by Market Taxonomy
17.12.2. Value & Analysis and Forecast by Market Taxonomy, 2018 to 2033
17.12.2.1. By Product Type
17.12.2.2. By End-User
17.12.2.3. By Ventilation
17.13. Japan Market Analysis
17.13.1. Value Proportion Analysis by Market Taxonomy
17.13.2. Value & Analysis and Forecast by Market Taxonomy, 2018 to 2033
17.13.2.1. By Product Type
17.13.2.2. By End-User
17.13.2.3. By Ventilation
17.14. South Korea Market Analysis
17.14.1. Value Proportion Analysis by Market Taxonomy
17.14.2. Value & Analysis and Forecast by Market Taxonomy, 2018 to 2033
17.14.2.1. By Product Type
17.14.2.2. By End-User
17.14.2.3. By Ventilation
17.15. GCC Countries Market Analysis
17.15.1. Value Proportion Analysis by Market Taxonomy
17.15.2. Value & Analysis and Forecast by Market Taxonomy, 2018 to 2033
17.15.2.1. By Product Type
17.15.2.2. By End-User
17.15.2.3. By Ventilation
17.16. South Africa Market Analysis
17.16.1. Value Proportion Analysis by Market Taxonomy
17.16.2. Value & Analysis and Forecast by Market Taxonomy, 2018 to 2033
17.16.2.1. By Product Type
17.16.2.2. By End-User
17.16.2.3. By Ventilation
17.17. Turkey Market Analysis
17.17.1. Value Proportion Analysis by Market Taxonomy
17.17.2. Value & Analysis and Forecast by Market Taxonomy, 2018 to 2033
17.17.2.1. By Product Type
17.17.2.2. By End-User
17.17.2.3. By Ventilation
17.17.3. Competition Landscape and Player Concentration in the Country
18. Market Structure Analysis
18.1. Market Analysis by Tier of Companies
18.2. Market Concentration
18.3. Market Share Analysis of Top Players
18.4. Market Presence Analysis
18.4.1. By Regional footprint of Players
18.4.2. Product footprint by Players
19. Competition Analysis
19.1. Competition Dashboard
19.2. Competition Benchmarking
19.3. Competition Deep Dive
19.3.1. SHENZHEN MINDRAY BIO-MEDICAL ELECTRONICS CO., LTD.
19.3.2. GETINGE AB
19.3.3. VYAIRE MEDICAL INC.
19.3.4. MEDTRONIC
19.3.5. DRÄGERWERK AG & CO. KGAA
19.3.6. GE HEALTHCARE
19.3.7. SMITHS GROUP PLC
19.3.8. KONINKLIJKE PHILIPS N.V.
19.3.9. HAMILTON MEDICAL
19.3.10. ZOLL MEDICAL CORPORATION
20. Assumptions and Acronyms Used
21. Research Methodology
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Mechanical Ventilator Market
