Ventilator Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Ventilator Market
The ventilator market size was valued at USD 2.54 billion in 2019, and the market is now projected to grow USD 12.14 billion in 2032 exhibiting a CAGR of 5.3% during the forecast period of 2020-2032.
The outbreak of COVID-19 has enhanced the demand for intensive care products such as ventilators and ICU devices because of increased hospitalization. The global demand for sleep and respiratory care products such as ventilators helped Koninklijke Philips N.V. to record a significant increase in the order in the first quarter of 2020. Currently, there are tens of millions of COVID-19 positive cases around the globe making many patients need mechanical ventilation contributing to the need for enhanced medical equipment. Intensive care equipment has played a crucial role in handling the pandemic situation currently being faced across the world.
Respiratory disease burdens continue to rise across the world because of issues such as smoking, obesity, and lifestyle transformation. In the United States, per annum, there is an estimated 4 million admissions in ICU and many these patients require mechanical ventilation. Similarly, it is showed that annually 2.1 million of ICU admissions are noticed in Germany and 42% of it requires mechanical ventilation. There is today increased usage of respiratory care to treat pulmonary diseases hence the need to import sophisticated medical equipment.
The increase in the population of patients with critical illness has realized a high demand of critical care instruments. To meet these needs, global healthcare infrastructure is not fully equipped, and as such there has been corresponding large investments towards enhancement. Most healthcare facilities are aspiring to increase their manufacturing capabilities because of increasing demand in such products. As demonstrated by the ongoing COVID-19 crisis, this rise in demand has pushed principal market stakeholders to develop production capacity.
Comprehensive Analysis of Ventilator Market
The ventilator market growth is also increasing exponentially because of the segmentation of its market. This market expansion rightly provides a thorough market breakdown near to the industry considering the leading supply and demand forces. These segmentations are methodically segregated by type analysis, by interface analysis and by end user analysis. By type analysis incudes adult and pediatric & neonatal. By interface analysis incudes invasive and non-invasive. By end user analysis incudes hospitals specialty, clinics, and others.
The North America region lead the ventilator market share by benefitting a market size of USD 0.88 billion in 2019 due to the increasing number of patients admitted in ICU each year.
Top players in the market have their responsibility of healthcare industrial prospectus growth of the retailing industry and the markets. These players include, Koninklijke Philips N.V., Hamilton Medical AG, Getinge AB, Medtronic, Vyaire Medical, Inc., Drägerwerk AG & Co. KGaA, GE Healthcare, Shenzhen Mindray Bio-Medical Electronics Co., Ltd. these market players provide a level-playing competitive landscape.
In May 2021, Vyaire Medical, Inc. donated medical equipment including ventilators and oxygen concentrators to support India during the COVID-19 pandemic and enhance its brand presence in the country.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2016-2027
Base Year 2019
Forecast Period 2020-2027
Historical Period 2016-2018
Unit Value (USD billion)
SegmentationBy Type
Adult
Pediatric & Neonatal
By Interface
Invasive
Non-invasive
By End-User
Hospitals
Specialty Clinics
Others
By Geography
North America (the U.S. and Canada)
Europe (U.K., Germany, France, Italy, Spain, Scandinavia, and the Rest of Europe)
Asia-Pacific (Japan, China, India, Australia, Southeast Asia, and the Rest of Asia- Pacific)
Latin America (Brazil, Mexico, and the Rest of Latin America)
The Middle East & Africa (South Africa, GCC, and the Rest of Middle East & Africa)
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Prevalence of Chronic Dieses, By Key Region/ Key Countries, 2019
- 4.2. Number of ICU Beds, by Key Region/ Key Country
- 4.3. Technological Advancements, Ventilator
- 4.4. New Product Launches, By Key Market Players
- 4.5. Key Industry Developments such as Mergers & Acquisitions
- 4.6. Impact of COVID-19, on Global Ventilator Market
- 5. Global Ventilator Market Analysis, Insights and Forecast, 2016-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Type
- 5.2.1. Adult
- 5.2.2. Paediatric & Neonatal
- 5.3. Market Analysis, Insights and Forecast – By Interface
- 5.3.1. Invasive
- 5.3.2. Non-invasive
- 5.4. Market Analysis, Insights and Forecast – By End User
- 5.4.1. Hospitals
- 5.4.2. Specialty Clinics
- 5.4.3. Others
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia pacific
- 5.5.4. Latin America
- 5.5.5. Middle East & Africa
- 6. North America Ventilator Market Analysis, Insights and Forecast, 2016-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Type
- 6.2.1. Adult
- 6.2.2. Paediatric & Neonatal
- 6.3. Market Analysis, Insights and Forecast – By Interface
- 6.3.1. Invasive
- 6.3.2. Non-invasive
- 6.4. Market Analysis, Insights and Forecast – By End User
- 6.4.1. Hospitals
- 6.4.2. Specialty Clinics
- 6.4.3. Others
- 6.5. Market Analysis, Insights and Forecast – By Country
- 6.5.1. U.S.
- 6.5.2. Canada
- 7. Europe Ventilator Market Analysis, Insights and Forecast, 2016-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Type
- 7.2.1. Adult
- 7.2.2. Paediatric & Neonatal
- 7.3. Market Analysis, Insights and Forecast – By Interface
- 7.3.1. Invasive
- 7.3.2. Non-invasive
- 7.4. Market Analysis, Insights and Forecast – By End User
- 7.4.1. Hospitals
- 7.4.2. Specialty Clinics
- 7.4.3. Others
- 7.5. Market Analysis, Insights and Forecast – By Country/ Sub-region
- 7.5.1. U.K.
- 7.5.2. Germany
- 7.5.3. France
- 7.5.4. Spain
- 7.5.5. Italy
- 7.5.6. Scandinavia
- 7.5.7. Rest of Europe
- 8. Asia Pacific Ventilator Market Analysis, Insights and Forecast, 2016-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Type
- 8.2.1. Adult
- 8.2.2. Paediatric & Neonatal
- 8.3. Market Analysis, Insights and Forecast – By Interface
- 8.3.1. Invasive
- 8.3.2. Non-invasive
- 8.4. Market Analysis, Insights and Forecast – By End User
- 8.4.1. Hospitals
- 8.4.2. Specialty Clinics
- 8.4.3. Others
- 8.5. Market Analysis, Insights and Forecast – By Country/ Sub-region
- 8.5.1. Japan
- 8.5.2. China
- 8.5.3. India
- 8.5.4. Australia
- 8.5.5. Southeast Asia
- 8.5.6. Rest of Asia Pacific
- 9. Latin America Ventilator Market Analysis, Insights and Forecast, 2016-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Type
- 9.2.1. Adult
- 9.2.2. Paediatric & Neonatal
- 9.3. Market Analysis, Insights and Forecast – By Interface
- 9.3.1. Invasive
- 9.3.2. Non-invasive
- 9.4. Market Analysis, Insights and Forecast – By End User
- 9.4.1. Hospitals
- 9.4.2. Specialty Clinics
- 9.4.3. Others
- 9.5. Market Analysis, Insights and Forecast – By Country/ Sub-region
- 9.5.1. Brazil
- 9.5.2. Mexico
- 9.5.3. Rest of Latin America
- 10. Middle East & Africa Ventilator Market Analysis, Insights and Forecast, 2016-2027
- 10.1. Key Findings / Summary
- 10.2. Market Analysis, Insights and Forecast – By Type
- 10.2.1. Adult
- 10.2.2. Paediatric & Neonatal
- 10.3. Market Analysis, Insights and Forecast – By Interface
- 10.3.1. Invasive
- 10.3.2. Non-invasive
- 10.4. Market Analysis, Insights and Forecast – By End User
- 10.4.1. Hospitals
- 10.4.2. Specialty Clinics
- 10.4.3. Others
- 10.5. Market Analysis, Insights and Forecast – By Country/ Sub-region
- 10.5.1. GCC Countries
- 10.5.2. South Africa
- 10.5.3. Rest of Middle East & Africa
- 11. Competitive Analysis
- 11.1. Key Industry Developments
- 11.2. Global Market Share Analysis (2019)
- 11.3. Company Profiles (Overview, Products, SWOT, Recent Developments, Strategies, Financials (based on availability))
- 11.3.1. Koninklijke Philips N.V.
- 11.3.1.1. Overview,
- 11.3.1.2. Products,
- 11.3.1.3. SWOT,
- 11.3.1.4. Recent Developments,
- 11.3.1.5. Strategies,
- 11.3.1.6. Financials (based on availability)
- 11.3.2. Hamilton Medical AG
- 11.3.2.1. Overview,
- 11.3.2.2. Products,
- 11.3.2.3. SWOT,
- 11.3.2.4. Recent Developments,
- 11.3.2.5. Strategies,
- 11.3.2.6. Financials (based on availability)
- 11.3.3. Getinge AB
- 11.3.3.1. Overview,
- 11.3.3.2. Products,
- 11.3.3.3. SWOT,
- 11.3.3.4. Recent Developments,
- 11.3.3.5. Strategies,
- 11.3.3.6. Financials (based on availability)
- 11.3.4. Medtronic
- 11.3.4.1. Overview,
- 11.3.4.2. Products,
- 11.3.4.3. SWOT,
- 11.3.4.4. Recent Developments,
- 11.3.4.5. Strategies,
- 11.3.4.6. Financials (based on availability)
- 11.3.5. Vyaire Medical, Inc.
- 11.3.5.1. Overview,
- 11.3.5.2. Products,
- 11.3.5.3. SWOT,
- 11.3.5.4. Recent Developments,
- 11.3.5.5. Strategies,
- 11.3.5.6. Financials (based on availability)
- 11.3.6. Drägerwerk AG & Co. KGaA
- 11.3.6.1. Overview,
- 11.3.6.2. Products,
- 11.3.6.3. SWOT,
- 11.3.6.4. Recent Developments,
- 11.3.6.5. Strategies,
- 11.3.6.6. Financials (based on availability)
- 11.3.7. Drägerwerk AG & Co. KGaA
- 11.3.7.1. Overview,
- 11.3.7.2. Products,
- 11.3.7.3. SWOT,
- 11.3.7.4. Recent Developments,
- 11.3.7.5. Strategies,
- 11.3.7.6. Financials (based on availability)
- 11.3.8. Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
- 11.3.8.1. Overview,
- 11.3.8.2. Products,
- 11.3.8.3. SWOT,
- 11.3.8.4. Recent Developments,
- 11.3.8.5. Strategies,
- 11.3.8.6. Financials (based on availability)
- 11.3.9. Other Players
- 11.3.9.1. Overview,
- 11.3.9.2. Products,
- 11.3.9.3. SWOT,
- 11.3.9.4. Recent Developments,
- 11.3.9.5. Strategies,
- 11.3.9.6. Financials (based on availability)
- 12. Strategic Recommendations
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