The global ventilator market is anticipated to grow with a CAGR of 7.36%, generating a $2282.4 million revenue by 2028. Ventilators assist and enable respiration and offer critical care support to patients who cannot breathe on their own. They are broadly categorized as mechanical (invasive) and non-invasive, based on air and oxygen they provide. The base year considered for the market study is 2018, and the forecast years are between 2020 to 2028. Primary drivers promoting the global ventilator market include the increasing geriatric population and the growing incidence of respiratory diseases.
GLOBAL VENTILATOR MARKET FORECAST 2019-2028
Global Ventilator Market by Type (Intensive Care Ventilator, Portable Ventilator) by Modality (Invasive Ventilation/mechanical Ventilation, Non-invasive Ventilation) by Patient Group (Adult, Pediatric and Neonates) by End-user (Hospitals and Specialty Clinics, Emergency Medical Services, Homecare) and by Geography.
The global ventilator market is anticipated to grow with a CAGR of 7.36%, generating a $2282.4 million revenue by 2028. Ventilators assist and enable respiration and offer critical care support to patients who cannot breathe on their own. They are broadly categorized as mechanical (invasive) and non-invasive, based on air and oxygen they provide. The base year considered for the market study is 2018, and the forecast years are between 2020 to 2028.
Key factors responsible for the global ventilator market growth:
- Surge in the number of ICUs across the globe
- Increasing geriatric population
- Growing incidence of respiratory diseases
- Surging premature births
- Initiatives introduced by the government and other organizations
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Primary drivers promoting the global ventilator market include the increasing geriatric population and the growing incidence of respiratory diseases. With a rise in the elderly population, there has been a subsequent increase in cardiovascular diseases, stroke, and diabetes, as well. The need for immediate medical intervention characterizes these conditions. Moreover, lung and respiratory diseases, such as chronic obstructive pulmonary disease (COPD) and bronchial asthma, entail a consistent demand for ventilators, as they cause postoperative complications among patients.
In 2019, nearly 61.66% of the revenue share was procured by the intensive care ventilator segment, under the type category. These ventilators are mechanical and non-invasive and are used within critical care settings in hospitals. Conversely, the portable ventilator segment is anticipated to be the fastest-growing type. They are lightweight and can be easily moved from one place to another. The invasive ventilation/mechanical ventilation segment, under the modality category, garnered the highest market share in 2019. On the other hand, it is anticipated that the non-invasive ventilation segment will be the fastest-growing modality by the end of the forecast period.
The side-effects of using ventilators and the lack of trained medical professionals primarily hinder the global ventilator market growth. As ventilators are critical care machines used to support breathing, they are predominantly used in patients with impaired lung functioning. However, their use can lead to complications like pneumonia, lung damage, and pneumothorax. Diverse medical staff, including nurses and physicians, play a vital role in providing the patient with essential care services. But currently, there exists a shortage of nurses, despite patient care being highly dependent on them.
The report scope of the global ventilator market covers the segmentation analysis of type, modality, patient group, and end-user.
Market by Type:
- Intensive Care Ventilator
- Portable Ventilator
Market by Modality:
- Invasive Ventilation/Mechanical Ventilation
- Non-Invasive Ventilation
Market by Patient group:
- Adult
- Pediatric and Neonates
Market by End-user:
- Hospitals and Specialty Clinics
- Emergency Medical Services
- Homecare
Geographically, the global ventilator market has been segmented based on four major regions:
- North America: The United States and Canada
- Asia Pacific: India, China, Japan, South Korea, Indonesia, Thailand, Vietnam, Australia & New Zealand, and Rest of Asia Pacific
- Europe: Germany, The United Kingdom, Italy, France, Belgium, Russia, Poland, and Rest of Europe
- Rest of World: Latin America, and the Middle East & Africa
Geographically, North America dominated the global market with an approximate revenue share of 44.70% in 2019. The United States witnessed considerable growth in 2019, owing to dominating players, increased manufacturing capacity, rising prevalence of respiratory diseases, high healthcare expenditure, and a robust healthcare system. Trade between regions is presently restricted due to the coronavirus outbreak. However, the North America ventilator market is expected to normalize after the pandemic, as imports from other countries begin resuming.
Conversely, the Asia Pacific is projected to be the fastest-growing region by the end of the forecast period. The Asia Pacific has been the prime center for manufacturing inexpensive ventilator components, and is also a significant exporter of the respiratory device’s raw materials. Additionally, increasing healthcare expenditure and developments in infrastructure have promoted market growth.
Key players in the global ventilator market:
- Dragerwerk AG & Co KGAA
- General Electric Company
- Koninklijke Philips NV
- Medtronic Plc
- Smith’s Group Plc
- Others
Key strategies adopted by global ventilator companies:
In March 2020, Smiths Medical Inc collaborated with the United Kingdom government to manufacture 10,000 ventilators. Moreover, the company will scale up the production of ParaPac Plus ventilators amid the COVID-19 pandemic. In April 2020, Koninklijke Philips NV launched Philips Respironics E30 ventilator, which provides mechanical and non-invasive ventilation for ICU patients. Additionally, Koninklijke Philips NV also partnered with the United States’ government for scaling-up the production of ventilators.
Key findings of the global ventilator market:
- The intensive care ventilator is the highest revenue-generating type.
- Non-invasive ventilation is the fastest-growing modality.
- There is an increasing global demand for ventilators.
- There is a surge in the requirements of portable ventilators.
- RESEARCH SCOPE & METHODOLOGY
- STUDY OBJECTIVES
- SCOPE OF STUDY
- METHODOLOGY
- ASSUMPTIONS & LIMITATIONS
- EXECUTIVE SUMMARY
- MARKET SIZE & ESTIMATES
- MARKET OVERVIEW
- MARKET DYNAMICS
- MARKET DEFINITION
- KEY DRIVERS
- SURGING NUMBER OF ICUs ACROSS THE GLOBE
- INCREASING GERIATRIC POPULATION
- GROWING INCIDENCE OF RESPIRATORY DISEASE
- SURGING PREMATURE BIRTHS
- INITIATIVES FORMED BY GOVERNMENT AND OTHER ORGANIZATIONS
- KEY RESTRAINTS
- SIDE-EFFECTS RELATED TO THE VENTILATOR USAGE
- LACK OF TRAINED MEDICAL PROFESSIONALS
- HIGH COST OF EQUIPMENT & TREATMENT
- KEY ANALYTICS
- PORTER’S FIVE FORCE ANALYSIS
- THREAT OF NEW ENTRY
- THREAT OF SUBSTITUTION
- BUYER’S POWER
- SUPPLIER’S POWER
- COMPETITIVE RIVALRY
- IMPACT OF COVID-19 ON VENTILATOR’S MARKET
- CAPACITY RAMP UP BY NON-HEALTHCARE COMPANIES DURING THE COVID CRISIS
- PATENT ANALYSIS
- REGULATORY FRAMEWORK
- OPPORTUNITY MATRIX
- VENDOR LANDSCAPE
- KEY INVESTMENT INSIGHTS
- PORTER’S FIVE FORCE ANALYSIS
- MARKET BY TYPE
- INTENSIVE CARE VENTILATOR
- PORTABLE VENTILATOR
- MARKET BY MODALITY
- INVASIVE VENTILATION/MECHANICAL VENTILATION
- NON-INVASIVE VENTILATION
- MARKET BY PATIENT GROUP
- ADULT
- PEDIATRIC AND NEONATES
- MARKET BY END-USER
- HOSPITALS AND SPECIALTY CLINICS
- EMERGENCY MEDICAL SERVICES
- HOMECARE
- GEOGRAPHICAL ANALYSIS
- NORTH AMERICA
- THE UNITED STATES
- CANADA
- EUROPE
- GERMANY
- THE UNITED KINGDOM
- FRANCE
- ITALY
- RUSSIA
- BELGIUM
- POLAND
- REST OF EUROPE
- ASIA PACIFIC
- JAPAN
- CHINA
- INDIA
- AUSTRALIA & NEW ZEALAND
- SOUTH KOREA
- THAILAND
- INDONESIA
- VIETNAM
- REST OF ASIA PACIFIC
- REST OF WORLD
- LATIN AMERICA
- MIDDLE EAST & AFRICA
- NORTH AMERICA
- COMPANY PROFILES
- AEROBIOSYS INNOVATIONS PRIVATE LIMITED
- AIR LIQUIDE
- DRAGERWERK AG & CO KGAA
- GENERAL ELECTRIC COMPANY
- GETINGE AB
- HAMILTON MEDICAL
- KONINKLIJKE PHILIPS NV
- LOWENSTEIN MEDICAL INNOVATION GMBH & CO KG
- MEDTRONIC PLC
- ONEBREATH INC
- PENLON LTD
- RESMED
- SHENZHEN MINDRAY BIO-MEDICAL ELECTRONICS CO LTD
- SMITHS GROUP PLC
- VENTEC LIFE SYSTEMS
- VENTINOVA MEDICAL
TABLE LIST
TABLE 1: MARKET SNAPSHOT – VENTILATOR
TABLE 2: GLOBAL VENTILATOR MARKET, BY TYPE, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 3: GLOBAL VENTILATOR MARKET, BY TYPE, FORECAST YEARS, 2019-2028 (IN $ MILLION)
TABLE 4: GLOBAL INTENSIVE CARE VENTILATOR MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 5: GLOBAL INTENSIVE CARE VENTILATOR MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)
TABLE 6: GLOBAL PORTABLE VENTILATOR MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 7: GLOBAL PORTABLE VENTILATOR MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)
TABLE 8: GLOBAL VENTILATOR MARKET, BY MODALITY, HISTORICAL YEARS, 2016-2019, (IN $ MILLION)
TABLE 9: GLOBAL VENTILATOR MARKET, BY MODALITY, FORECAST YEARS, 2019-2028 (IN $ MILLION)
TABLE 10: GLOBAL INVASIVE VENTILATION/MECHANICAL VENTILATION MARKET, BY REGION, HISTORICAL YEARS, 2016-2019(IN $ MILLION)
TABLE 11: GLOBAL INVASIVE VENTILATION/MECHANICAL VENTILATION MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)
TABLE 12: GLOBAL NON-INVASIVE VENTILATION MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 13: GLOBAL NON-INVASIVE VENTILATION MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)
TABLE 14: GLOBAL VENTILATOR MARKET, BY PATIENT GROUP, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 15: GLOBAL VENTILATOR MARKET, BY PATIENT GROUP, FORECAST YEARS, 2019-2028 (IN $ MILLION)
TABLE 16: GLOBAL ADULT MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 17: GLOBAL ADULT MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)
TABLE 18: GLOBAL PEDIATRIC AND NEONATES MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 19: GLOBAL PEDIATRIC AND NEONATES MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)
TABLE 20: GLOBAL VENTILATOR MARKET, BY END-USER, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 21: GLOBAL VENTILATOR MARKET, BY END-USER, FORECAST YEARS, 2019-2028 (IN $ MILLION)
TABLE 22: GLOBAL HOSPITALS AND SPECIALTY CLINICS MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 23: GLOBAL HOSPITALS AND SPECIALTY CLINICS MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)
TABLE 24: GLOBAL EMERGENCY MEDICAL SERVICES MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 25: GLOBAL EMERGENCY MEDICAL SERVICES MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)
TABLE 26: GLOBAL HOMECARE MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 27: GLOBAL HOMECARE MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)
TABLE 28: GLOBAL VENTILATOR MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 29: GLOBAL VENTILATOR MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)
TABLE 30: NORTH AMERICA VENTILATOR MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 31: NORTH AMERICA VENTILATOR MARKET, BY COUNTRY, FORECAST YEARS, 2019-2028 (IN $ MILLION)
TABLE 32: EUROPE VENTILATOR MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 33: EUROPE VENTILATOR MARKET, BY COUNTRY, FORECAST YEARS, 2019-2028 (IN $ MILLION)
TABLE 34: ASIA PACIFIC VENTILATOR MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 35: ASIA PACIFIC VENTILATOR MARKET, BY COUNTRY, FORECAST YEARS, 2019-2028 (IN $ MILLION)
TABLE 36: REST OF WORLD VENTILATOR MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 37: REST OF WORLD VENTILATOR MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)
FIGURE LIST
FIGURE 1: COUNTRIES WITH HIGHEST PREMATURE BIRTHS IN 2018 (MILLION)
FIGURE 2: PORTER’S FIVE FORCE ANALYSIS
FIGURE 3: PATENTS REGISTERED BETWEEN JANUARY 2015-MARCH 2020
FIGURE 4: OPPORTUNITY MATRIX
FIGURE 5: VENDOR LANDSCAPE
FIGURE 6: KEY INVESTMENT INSIGHTS
FIGURE 7: GLOBAL VENTILATOR MARKET, BY TYPE, IN 2019
FIGURE 8: GLOBAL VENTILATOR MARKET, BY INTENSIVE CARE VENTILATOR, 2019-2028 (IN $ MILLION)
FIGURE 9: GLOBAL VENTILATOR MARKET, BY PORTABLE VENTILATOR, 2019-2028 (IN $ MILLION)
FIGURE 10: GLOBAL VENTILATOR MARKET, BY MODALITY, IN 2019
FIGURE 11: GLOBAL VENTILATOR MARKET, BY INVASIVE VENTILATION/MECHANICAL VENTILATION, 2019-2028 (IN $ MILLION)
FIGURE 12: GLOBAL VENTILATOR MARKET, BY NON-INVASIVE VENTILATION, 2019-2028 (IN $ MILLION)
FIGURE 13: GLOBAL VENTILATOR MARKET, BY PATIENT GROUP, IN 2019
FIGURE 14: GLOBAL VENTILATOR MARKET, BY ADULT, 2019-2028 (IN $ MILLION)
FIGURE 15: GLOBAL VENTILATOR MARKET, BY PEDIATRIC AND NEONATES, 2019-2028 (IN $ MILLION)
FIGURE 16: GLOBAL VENTILATOR MARKET, BY END-USER, IN 2019
FIGURE 17: GLOBAL VENTILATOR MARKET, BY HOSPITALS AND SPECIALTY CLINICS, 2019-2028 (IN $ MILLION)
FIGURE 18: GLOBAL VENTILATOR MARKET, BY EMERGENCY MEDICAL SERVICES, 2019-2028 (IN $ MILLION)
FIGURE 19: GLOBAL VENTILATOR MARKET, BY HOMECARE, 2019-2028 (IN $ MILLION)
FIGURE 20: NORTH AMERICA VENTILATOR MARKET, COUNTRY OUTLOOK, 2019 & 2028 (IN %)
FIGURE 21: THE UNITED STATES VENTILATOR MARKET, 2019-2028 (IN $ MILLION)
FIGURE 22: CANADA VENTILATOR MARKET, 2019-2028 (IN $ MILLION)
FIGURE 23: EUROPE VENTILATOR MARKET, COUNTRY OUTLOOK, 2019 & 2028 (IN %)
FIGURE 24: GERMANY VENTILATOR MARKET, 2019-2028 (IN $ MILLION)
FIGURE 25: THE UNITED KINGDOM VENTILATOR MARKET, 2019-2028 (IN $ MILLION)
FIGURE 26: FRANCE VENTILATOR MARKET, 2019-2028 (IN $ MILLION)
FIGURE 27: ITALY VENTILATOR MARKET, 2019-2028 (IN $ MILLION)
FIGURE 28: RUSSIA VENTILATOR MARKET, 2019-2028 (IN $ MILLION)
FIGURE 29: BELGIUM VENTILATOR MARKET, 2019-2028 (IN $ MILLION)
FIGURE 30: POLAND VENTILATOR MARKET, 2019-2028 (IN $ MILLION)
FIGURE 31: REST OF EUROPE VENTILATOR MARKET, 2019-2028 (IN $ MILLION)
FIGURE 32: ASIA PACIFIC VENTILATOR MARKET, COUNTRY OUTLOOK, 2019 & 2028 (IN %)
FIGURE 33: JAPAN VENTILATOR MARKET, 2019-2028 (IN $ MILLION)
FIGURE 34: CHINA VENTILATOR MARKET, 2019-2028 (IN $ MILLION)
FIGURE 35: INDIA VENTILATOR MARKET, 2019-2028 (IN $ MILLION)
FIGURE 36: AUSTRALIA & NEW ZEALAND VENTILATOR MARKET, 2019-2028 (IN $ MILLION)
FIGURE 37: SOUTH KOREA VENTILATOR MARKET, 2019-2028 (IN $ MILLION)
FIGURE 38: THAILAND VENTILATOR MARKET, 2019-2028 (IN $ MILLION)
FIGURE 39: INDONESIA VENTILATOR MARKET, 2019-2028 (IN $ MILLION)
FIGURE 40: VIETNAM VENTILATOR MARKET, 2019-2028 (IN $ MILLION)
FIGURE 41: REST OF ASIA PACIFIC VENTILATOR MARKET, 2019-2028 (IN $ MILLION)
FIGURE 42: REST OF WORLD VENTILATOR MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)
FIGURE 43: LATIN AMERICA VENTILATOR MARKET, 2019-2028 (IN $ MILLION)
FIGURE 44: MIDDLE EAST & AFRICA VENTILATOR MARKET, 2019-2028 (IN $ MILLION)
- MARKET BY TYPE
- INTENSIVE CARE VENTILATOR
- PORTABLE VENTILATOR
- MARKET BY MODALITY
- INVASIVE VENTILATION/MECHANICAL VENTILATION
- NON-INVASIVE VENTILATION
- MARKET BY PATIENT GROUP
- ADULT
- PEDIATRIC AND NEONATES
- MARKET BY END-USER
- HOSPITALS AND SPECIALTY CLINICS
- EMERGENCY MEDICAL SERVICES
- HOMECARE
- GEOGRAPHICAL ANALYSIS
- NORTH AMERICA
- THE UNITED STATES
- CANADA
- EUROPE
- GERMANY
- THE UNITED KINGDOM
- FRANCE
- ITALY
- RUSSIA
- BELGIUM
- POLAND
- REST OF EUROPE
- ASIA PACIFIC
- JAPAN
- CHINA
- INDIA
- AUSTRALIA & NEW ZEALAND
- SOUTH KOREA
- THAILAND
- INDONESIA
- VIETNAM
- REST OF ASIA PACIFIC
- REST OF WORLD
- LATIN AMERICA
- MIDDLE EAST & AFRICA
- NORTH AMERICA
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