Global Mechanical Ventilators Market Insights Forecasts to 2033.

• The Global Mechanical Ventilators Market Size was Valued at USD 5.26 Billion in 2023.
• The Market Size is Growing at a CAGR of 6.12% from 2023 to 2033.
• The Worldwide Mechanical Ventilators Market Size is Expected to Reach USD 9.53 Billion by 2033.
• Asia-Pacific is expected to Grow the fastest during the forecast period.

 

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The Global Mechanical Ventilators Market Size is Anticipated to Exceed USD 9.53 Billion by 2033, Growing at a CAGR of 6.12% from 2023 to 2033.

 

Market Overview

Regularly required ventilation (IMV) is another word for mechanical ventilation. These are medical devices that operate like ventilators, either completely or partially, through the use of equipment. These ventilators are designed specifically to assist patients in removing carbon dioxide and delivering oxygen. Using mechanical ventilators has a number of benefits, such as protecting the airway from neurological or mechanical reasons, eliminating extra carbon dioxide from the lungs, and guaranteeing enough oxygenation. As a result, a variety of healthcare facilities are willing to employ mechanical ventilation, and patients using ventilators are usually observed in a critical care unit. In order to assist patients with various respiratory conditions, including acute respiratory distress syndrome (ARDS), and to maintain appropriate oxygen levels and remove carbon dioxide, these devices are crucial in critical care settings. They are also necessary during anesthetic surgical operations. In order to assist patients in obtaining essential respiratory support when their natural breathing is disrupted, mechanical ventilators are essential to modern healthcare. The need for mechanical ventilation during recovery from an increasing number of surgical operations, such as cardiac surgeries, orthopedic surgeries, and organ transplants, is fueling the expansion of this market.

 

Report Coverage

This research report categorizes the market for the global mechanical ventilators market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global mechanical ventilators market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global mechanical ventilators market.

 

Driving factor

The global mechanical ventilator market is driven by various factors, including the increased aging population all over the world. The aging global population's greater susceptibility to respiratory conditions, including pneumonia and chronic obstructive pulmonary disease, has led to a rise in the need for mechanical ventilators. The increased need stems from the healthcare requirements of the elderly population. According to the World Health Organization (WHO), one out of every six individuals on the globe will be 60 years of age or older by 2030. At this point, there will be 1.4 billion people over the age of 60, up from 1 billion in 2020. In addition, it is projected that in the next few years, the market will have profitable growth prospects due to the market's intense focus on respiratory treatments and the launch of novel technologies. Large market participants are allocating resources to the creation of reasonably priced mechanical ventilators, and a supportive regulatory framework is helping to further promote industry growth. For example, in July 2022, the FDA in the United States approved Nihon Kohden OrangeMed, Inc. to market the NKV-330 Ventilator System. In an emergency, this non-invasive device supports breathing.

 

Restraining Factors

Medical devices that are costly and intricate are mechanical ventilators. High operating, maintenance, and purchasing expenses can be a major deterrent, particularly for healthcare institutions in environments with limited resources.

 

Market Segmentation

The Global Mechanical Ventilators Market share is classified into product, ventilation mode, and end users.  

• The transport and portable segment is expected to hold the largest share of the global mechanical ventilators market during the forecast period.    

Based on the product, the global mechanical ventilators market is divided into critical care, neonatal, transport and portable. Among these, the transport and portable segment is expected to hold the largest share of the global mechanical ventilators market during the forecast period.  The expansion of the market is attributable to the effectiveness of mechanical ventilators in a range of settings for the delivery of care. The advancement of affordable, user-friendly, and portable technologies contributes to their growing popularity. For example, Max Ventilator demonstrated versatility in applications for both adult and newborn care in May 2022 when it debuted non-invasive ventilators with humidifiers and oxygen treatment capabilities.

 

• The non-invasive segment is expected to hold the largest share of the global mechanical ventilators market during the forecast period.    

Based on the ventilation mode, the global mechanical ventilators market is divided into invasive, non-invasive. Among these, the non-invasive segment is expected to hold the largest share of the global heat shrinkable film market during the forecast period. Its broad range of applications and capacity to deliver accurate and higher quantities of oxygen are credited with the segment's rise. Modern intensive care ventilators with many respiratory support modes enable the administration of non-invasive ventilation. Growing per capita income and significant expenditures in research and development are fueling the healthcare industry's expansion.

 

• The hospital segment is expected to hold the largest share of the global mechanical ventilators market during the forecast period.    

Based on the end user, the global mechanical ventilators market is divided into hospital, ambulatory surgical centers, home healthcare and others. Among these, the hospital segment is expected to hold the largest share of the global heat shrinkable film market during the forecast period. The growing amount of funds hospitals spend on cutting-edge ventilators. The emphasis on improved health outcomes and the availability of qualified healthcare professionals to operate these ventilators also contributed to the segment's rise. Further propelling the market expansion are patient preferences for healthcare facilities that provide round-the-clock hospital personnel supervision.

 

Regional Segment Analysis of the Global Mechanical Ventilators Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

   

North America is anticipated to hold the largest share of the global mechanical ventilators market over the predicted timeframe.

 

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North America is anticipated to hold the largest share of the global mechanical ventilators market over the predicted timeframe. North America has an advanced healthcare infrastructure that includes cutting-edge clinics, hospitals, and research facilities. This infrastructure facilitates the widespread use of mechanical ventilators. Innovation in medical devices is centered in this area. Companies in North America make significant investments in R&D to create innovative ventilator technologies that are recognized globally and capture a significant portion of the market. Furthermore, strong regulatory organizations like the FDA and Health Canada exist in North America and work to guarantee the security and effectiveness of medical devices. The regulatory framework in place encourages confidence in North American ventilator producers. Additionally, the fierce rivalry among North American producers of medical devices promotes efficiency and innovation. The region is home to the headquarters of major firms, including Philips, Medtronic, and ResMed, which helps them dominate the industry. 

 

Asia-Pacific is expected to grow the fastest during the forecast period. The increasing prevalence of respiratory illnesses and the increased risk of lifestyle choices like smoking and allergies that can aggravate several respiratory problems are to blame for the segment's expansion. The region's expansion is also being aided by government measures to increase the manufacturing of ventilators and company cooperation to produce sophisticated ventilators in response to strong demand.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global mechanical ventilators along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

• Air Liquide Medical Systems
• Allied Healthcare Products Inc.
• Drägerwerk AG & Co. KGaA
• Fisher & Paykel Healthcare Limited
• GE Healthcare
• Getinge AB
• Hamilton Medical AG
• Maquet Holding B.V. & Co. KG
• Medtronic plc
• Mindray Medical International Limited
• Nihon Kohden Corporation
• Philips Healthcare
• ResMed Inc.
• Schiller AG
• Smiths Group plc
• Vyaire Medical Inc.
• ZOLL Medical Corporation

 

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

 

Recent Developments

• In July 2023, The US Food and Drug Administration (FDA) approved Getinge's Servo-air Lite. This state-of-the-art, non-invasive mechanical ventilator runs without need on wall gas.

 

• In January 2022, a pioneer in the field of anesthesia equipment manufacturing, OES Medical, located in the UK, will present the Gemini-G100, a revolutionary ICU ventilator, at Arab Health 2022 with its participation in the ABHI UK Pavilion.

 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Global Mechanical Ventilators Market based on the below-mentioned segments:  

 

Global Mechanical Ventilators Market, By Product

• Critical Care
• Neonatal
• Transport and Portable

 

Global Mechanical Ventilators Market, By Ventilation Mode

• Invasive
• Non-invasive

 

Global Mechanical Ventilators Market, By End User

• Hospital
• Ambulatory Surgical Centers
• Home Healthcare
• Others

 

Global Mechanical Ventilators Market, By Region

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa