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Report Overview
2023
Base Year
2017-2023
Historical Year
2024-2032
Forecast Year
Global Homecare Ventilator Market Outlook
The global homecare ventilator market size was valued at USD 1.38 billion in 2023. The market is being driven majorly by the rising number of patients, favourable reimbursement policies, high gross domestic product (GDP), advancements in telemonitoring systems, and the discharge difficulties associated with hospitals. The market is projected to grow at a CAGR of 6.4% during the forecast period 2024-2032 to reach a value of USD 2.42 billion by 2032.
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Market Segmentation
Homecare ventilators are compact or portable mechanical ventilators ideal for use in homes for ventilation of patients having breathing problems because of chronic respiratory disorders such as chronic obstructive pulmonary disease (COPD), asthma, and severe viral infections and spinal cord injury (SCI).
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The industry can be broadly categorised based on its types, modes, age groups, and regions.
- Type:
- Pneumatic Ventilators
- Electronic Ventilators
- Electro-Pneumatic Ventilators
- Mode:
- Combined-Mode Ventilation
- Volume-Mode Ventilation
- Pressure-Mode Ventilation
- Others
- Age Group:
- Adult
- Paediatric
The EMR report looks into the regional homecare ventilator markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
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Market Analysis
The advancement in telemonitoring systems has allowed the electronic transmission of patient information to the healthcare system and the identification of various medical incidents in homecare ventilation, thereby improving the remote patient monitoring capabilities of home care ventilators. The rise in the number of patients, discharge difficulties associated with hospitals, and technological advancements have prompted market vendors to develop telemonitoring systems for patients with chronic respiratory insufficiency. Remote monitoring through telemonitoring systems can help control the progression of the disease and prevent the need for admission to ICU. Remote monitoring of patients is anticipated to be one of the key factors driving the industry growth over the forecast period. As of 2020, North America accounted for the largest share in the global homecare ventilator market owing to the favourable reimbursement policies, high gross domestic product (GDP), and the increased penetration of key vendors in the region. Within North America, the US serves as a key market for homecare ventilator.
Competitive Landscape
The report presents a detailed analysis of the following key players in the global homecare ventilator market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Fisher & Paykel Healthcare Corp. Ltd.
- Koninklijke Philips NV
- Medtronic Plc (NYSE: MDT)
- ResMed Inc.
- Vyaire Medical Inc.
- Others
The EMR report gives an in-depth insight into the homecare ventilator market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Mode |
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| Breakup by Age Group |
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| Breakup by Region |
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| Market Dynamics |
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| Supplier Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global homecare ventilator market reached a value of USD 1.38 billion in 2023.
The market is anticipated to grow at a CAGR of 6.4% during the forecast period of 2024-2032 to reach a value of USD 2.42 billion by 2032.
The market is being driven majorly by the rising number of patients, favourable reimbursement policies, high gross domestic product (GDP), advancements in telemonitoring systems, and the discharge difficulties associated with hospitals.
Key trends propelling the growth of the market are the growing demand for healthcare facilities at homes and the rising demand for remote monitoring of patients on homecare ventilation.
The major regions in the industry are North America, Europe, Asia Pacific, Latin America, and Middle East and Africa with North America accounting for the largest share in the market.
Pneumatic ventilators, electronic ventilators, and electro-pneumatic ventilators are the major types of ventilators in the market.
Based on mode, the market is divided into combined-mode ventilation, volume-mode ventilation, and pressure-mode ventilation, among others.
Adult and paediatric are the two age groups studied in the market.
The major players in the industry are Fisher & Paykel Healthcare Corp. Ltd., Koninklijke Philips NV, Medtronic Plc, ResMed Inc., and Vyaire Medical Inc., among others.
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