Global Respiratory Ventilator Manufacturing - Industry Market Research Report

Global Respiratory Ventilator Manufacturing - Industry Market Research Report

Global Respiratory Ventilator Manufacturing

Products produced by the Global Respiratory Ventilator Manufacturing industry have long been a staple of the global healthcare sector. Demand for ventilators has historically been stable since they are a life-saving device for patients with limited breathing function. While hospitals do not usually need a significant number of ventilators, the COVID-19 (coronavirus) pandemic caused demand for ventilators to skyrocket in 2020. Patients with severe coronavirus symptoms often need to be ventilated because their lungs become so inflamed that they are unable to provide the body with enough oxygen. While ventilation is not always successful, early in the pandemic, it was the only option that could keep patients alive. As the virus spread, hospitals experienced a drastic shortage of ventilators. However, as the pandemic has passed and the deficit has been met, demand has stabilized. As a result, over the five years to 2023, revenue is expected to grow at an annualized rate of just 0.8% to $3.8 billion, including a 3.3% increase in 2023.

Companies in this industry manufacture respiratory ventilators, which are used to help patients with breathing. This industry includes both invasive and noninvasive respiratory ventilators.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.