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Mechanical Ventilator Market

Global Mechanical Ventilator Market Size, Trends, Forecast: By Product Type: Critical Care, Neonatal, Transport and Portable, Others; By Mode: Invasive, Non-invasive; By End User: Hospitals, Home Healthcare, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Model; Regulatory Framework; Supplier Landscape; 2024-2032

Global Mechanical Ventilator Market Outlook:

The global mechanical ventilator market size was valued at USD 4.7 billion in 2023, driven by the rising prevalence of chronic obstructive lung disease (COPD) across the globe. The market size is anticipated to grow at a CAGR of 8.5% during the forecast period of 2024-2032 to achieve a value of USD 9.8 billion by 2032.

 

Mechanical Ventilator: Introduction

Mechanical ventilators work like bellows to help move air in and out of the lungs. The physicians adjust the settings on the ventilator to control the frequency and volume of air pushed into the lungs. The patient might also be provided with a mask to receive air from the ventilator into the lungs.

 

Global Mechanical Ventilator Market Analysis

The growth of the market is driven by the increasing technological advancements and the efforts of the key players to develop new and upgraded solutions for increasing issues related to mechanical ventilators in healthcare facilities. The mechanical ventilator market demand is also driven by the FDA approvals of such developments. For instance, the FDA recently permitted Magnamed (a leading company that makes mechanical ventilators) to produce its portable emergency ventilator, Oxymag. The production will be done in Florida and is expected to start as soon as 2024. Magnamed is supported by the FAPESP, the São Paulo Research Foundation, a Brazil-based public foundation that supports research, education, and innovation.

 

In November 2022, Magnamed announced the launch of an innovative ventilator monitoring system based on respiratory muscle pressure (PMUS). Such innovations are expected to drive the global mechanical ventilator market growth as the rising demand is expected to be tamed as soon as the production of these mechanical ventilators starts in 2024.

 

Global Mechanical Ventilator Market Segmentations

Market Breakup by Product Type

  • Critical Care
    • Ventilators
    • Accessories
  • Neonatal
    • Ventilators
    • Accessories
  • Transport and Portable
    • Ventilators
    • Accessories
  • Others

 

Market Breakup by Mode

  • Invasive
  • Non-invasive

 

Market Breakup by End User

  • Hospitals
  • Home Healthcare
  • Others

 

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

 

Global Mechanical Ventilator Market Overview

The market growth is driven by the rising incidence of chronic obstructive pulmonary disease (COPD), coupled with the growing geriatric population. Continuous technological innovation is expected to drive the demand over the forecast period. Key market players are focusing on developing patient-friendly, cost-effective, and portable devices that can further encourage their usage, bolstering the global mechanical ventilators market growth. The increasing incidence of tobacco smoking related medical conditions is further contributing to market growth.

 

According to the World Health Organization, Cigarette smoking is a major risk factor for COPD. Cigarette smokers are considered to have a higher prevalence of respiratory symptoms and lung function abnormalities. According to the World Health Organization, Tobacco accounts for more than 8 million deaths each year, including an estimated 1.3 million non-smokers who are exposed to second-hand smoke.

 

Geographically, North America is expected to dominate the market in the forecast period owing to factors such as the increasing prevalence of respiratory disorders. The regional market is also driven by the presence of a well-established healthcare infrastructure coupled with the presence of key market players in the region.

 

Global Mechanical Ventilator Market: Competitor Landscape

The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:

 

  • Getinge AB
  • Medtronic PLC
  • Koninklijke Philips NV
  • Smith’s Medical
  • ResMed Inc.
  • Dragerwerk AG & Co. KGaA
  • GE Healthcare
  • Mindray Medical International Limited
  • Nihon Kohden Corporation
  • Vyaire Medical Inc.
  • Abbott
  • Boston Scientific Corporation
  • Biotronik
  • ZOLL Medical Corporation
  • Nihon Kohden Corporation

 

Please note that this only represents a partial list of companies, and the complete list has been provided in the report.

 

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:

  • Product Type
  • Mode
  • End User
  • Region
Breakup by Product Type
  • Critical Care
  • Neonatal
  • Transport and Portable
  • Others
Breakup by Mode
  • Invasive
  • Non-invasive
Breakup by End User
  • Hospitals 
  • Home Healthcare
  • Others
Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Market Dynamics
  • Market Drivers and Constraints
  • SWOT Analysis
  • Porter’s Five Forces Model 
  • Key Demand Indicators
  • Key Price Indicators
  • Industry Events, Initiatives, and Trends 
  • Value Chain Analysis
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Financial Analysis
    • Product Portfolio
    • Demographic Reach and Achievements
    • Mergers and Acquisitions
    • Certifications
Companies Covered
  • Getinge AB
  • Medtronic PLC
  • Koninklijke Philips NV
  • Smith’s Medical
  • ResMed Inc.
  • Dragerwerk AG & Co. KGaA
  • GE Healthcare
  • Mindray Medical International Limited
  • Nihon Kohden Corporation
  • Vyaire Medical Inc.
  • Abbott
  • Boston Scientific Corporation
  • Biotronik
  • ZOLL Medical Corporation
  • Nihon Kohden Corporation

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
    1.1    Objectives of the Study
    1.2    Key Assumptions 
    1.3    Report Coverage – Key Segmentation and Scope  
    1.4    Research Methodology
2    Executive Summary
3    Global Mechanical Ventilator Market Overview 

    3.1    Global Mechanical Ventilator Market Historical Value (2017-2023) 
    3.2    Global Mechanical Ventilator Market Forecast Value (2024-2032)
4    Global Mechanical Ventilator Market Landscape
    4.1    Global Mechanical Ventilator Developers Landscape
        4.1.1    Analysis by Year of Establishment
        4.1.2    Analysis by Company Size
        4.1.3    Analysis by Region
    4.2    Global Mechanical Ventilator Product Landscape
        4.2.1    Analysis by Type
        4.2.2    Analysis by Technology 
5    Global Mechanical Ventilator Market Dynamics
    5.1    Market Drivers and Constraints
    5.2    SWOT Analysis
    5.3    Porter’s Five Forces Model 
    5.4    Key Demand Indicators
    5.5    Key Price Indicators
    5.6    Industry Events, Initiatives, and Trends 
    5.7    Value Chain Analysis
6    Global Mechanical Ventilator Market Segmentation 
    6.1    Global Mechanical Ventilator Market by Product Type
        6.1.1    Market Overview
        6.1.2    Critical Care
            6.1.2.1    Ventilators
            6.1.2.2    Accessories   
        6.1.3    Neonatal
            6.1.3.1    Ventilators
            6.1.3.2    Accessories               
        6.1.4    Transport and Portable
            6.1.4.1    Ventilators
            6.1.4.2    Accessories   
        6.1.5    Others
    6.2    Global Mechanical Ventilator Market by Mode
        6.2.1    Market Overview
        6.2.2    Invasive
        6.2.3    Non-invasive
    6.3    Global Mechanical Ventilator Market by End User
        6.3.1    Market Overview
        6.3.2    Hospitals 
        6.3.3    Home Healthcare
        6.3.4    Others
    6.4    Global Mechanical Ventilator Market by Region
        6.4.1    Market Overview
        6.4.2    North America 
        6.4.3    Europe
        6.4.4    Asia Pacific
        6.4.5    Latin America
        6.4.6    Middle East and Africa
7    North America Mechanical Ventilator Market
    7.1    Market Share by Country
    7.2    United States of America
    7.3    Canada
8    Europe Mechanical Ventilator Market
    8.1    Market Share by Country
    8.2    United Kingdom
    8.3    Germany
    8.4    France
    8.5    Italy
    8.6    Others
9    Asia Pacific Mechanical Ventilator Market
    9.1    Market Share by Country
    9.2    China
    9.3    Japan
    9.4    India
    9.5    ASEAN
    9.6    Australia
    9.7    Others
10    Latin America Mechanical Ventilator Market
    10.1    Market Share by Country
    10.2    Brazil
    10.3    Argentina
    10.4    Mexico
    10.5    Others
11    Middle East and Africa Mechanical Ventilator Market
    11.1    Market Share by Country
    11.2    Saudi Arabia
    11.3    United Arab Emirates
    11.4    Nigeria
    11.5    South Africa
    11.6    Others
12    Patent Analysis
    12.1    Analysis by Type of Patent
    12.2    Analysis by Publication year
    12.3    Analysis by Issuing Authority
    12.4    Analysis by Patent Age
    12.5    Analysis by CPC Analysis
    12.6    Analysis by Patent Valuation 
    12.7    Analysis by Key Players
13    Grants Analysis
    13.1    Analysis by year
    13.2    Analysis by Amount Awarded
    13.3    Analysis by Issuing Authority
    13.4    Analysis by Grant Application
    13.5    Analysis by Funding Institute
    13.6    Analysis by NIH Departments
    13.7    Analysis by Recipient Organization 
14    Funding Analysis
    14.1    Analysis by Funding Instances
    14.2    Analysis by Type of Funding
    14.3    Analysis by Funding Amount
    14.4    Analysis by Leading Players
    14.5    Analysis by Leading Investors
    14.6    Analysis by Geography
15    Partnership and Collaborations Analysis
    15.1    Analysis by Partnership Instances
    15.2    Analysis by Type of Partnership
    15.3    Analysis by Leading Players
    15.4    Analysis by Geography
16    Regulatory Framework
    16.1    Regulatory Overview
        16.1.1    US FDA
        16.1.2    EU EMA
        16.1.3    INDIA CDSCO
        16.1.4    JAPAN PMDA
        16.1.5    Others
17    Supplier Landscape
    17.1    Getinge AB
        17.1.1    Financial Analysis
        17.1.2    Product Portfolio
        17.1.3    Demographic Reach and Achievements
        17.1.4    Mergers and Acquisition
        17.1.5    Certifications
    17.2    Medtronic PLC
        17.2.1    Financial Analysis
        17.2.2    Product Portfolio
        17.2.3    Demographic Reach and Achievements
        17.2.4    Mergers and Acquisition
        17.2.5    Certifications
    17.3    Koninklijke Philips NV
        17.3.1    Financial Analysis
        17.3.2    Product Portfolio
        17.3.3    Demographic Reach and Achievements
        17.3.4    Mergers and Acquisition
        17.3.5    Certifications
    17.4    Smith’s Medical
        17.4.1    Financial Analysis
        17.4.2    Product Portfolio
        17.4.3    Demographic Reach and Achievements
        17.4.4    Mergers and Acquisition
        17.4.5    Certifications
    17.5    ResMed Inc.
        17.5.1    Financial Analysis
        17.5.2    Product Portfolio
        17.5.3    Demographic Reach and Achievements
        17.5.4    Mergers and Acquisition
        17.5.5    Certifications
    17.6    Dragerwerk AG & Co. KGaA
        17.6.1    Financial Analysis
        17.6.2    Product Portfolio
        17.6.3    Demographic Reach and Achievements
        17.6.4    Mergers and Acquisition
        17.6.5    Certifications
    17.7    GE Healthcare
        17.7.1    Financial Analysis
        17.7.2    Product Portfolio
        17.7.3    Demographic Reach and Achievements
        17.7.4    Mergers and Acquisition
        17.7.5    Certifications
    17.8    Mindray Medical International Limited
        17.8.1    Financial Analysis
        17.8.2    Product Portfolio
        17.8.3    Demographic Reach and Achievements
        17.8.4    Mergers and Acquisition
        17.8.5    Certifications
    17.9    Nihon Kohden Corporation
        17.9.1    Financial Analysis
        17.9.2    Product Portfolio
        17.9.3    Demographic Reach and Achievements
        17.9.4    Mergers and Acquisition
        17.9.5    Certifications
    17.10    Vyaire Medical Inc.
        17.10.1    Financial Analysis
        17.10.2    Product Portfolio
        17.10.3    Demographic Reach and Achievements
        17.10.4    Mergers and Acquisition
        17.10.5    Certifications
    17.11    Abbott
        17.11.1    Financial Analysis
        17.11.2    Product Portfolio
        17.11.3    Demographic Reach and Achievements
        17.11.4    Mergers and Acquisition
        17.11.5    Certifications
    17.12    Boston Scientific Corporation
        17.12.1    Financial Analysis
        17.12.2    Product Portfolio
        17.12.3    Demographic Reach and Achievements
        17.12.4    Mergers and Acquisition
        17.12.5    Certifications
    17.13    Biotronik
        17.13.1    Financial Analysis
        17.13.2    Product Portfolio
        17.13.3    Demographic Reach and Achievements
        17.13.4    Mergers and Acquisition
        17.13.5    Certifications
    17.14    ZOLL Medical Corporation
        17.14.1    Financial Analysis
        17.14.2    Product Portfolio
        17.14.3    Demographic Reach and Achievements
        17.14.4    Mergers and Acquisition
        17.14.5    Certifications
    17.15    Nihon Kohden Corporation
        17.15.1    Financial Analysis
        17.15.2    Product Portfolio
        17.15.3    Demographic Reach and Achievements
        17.15.4    Mergers and Acquisition
        17.15.5    Certifications
18    Global Mechanical Ventilator Market - Distribution Model (Additional Insight)
    18.1    Overview 
    18.2    Potential Distributors 
    18.3    Key Parameters for Distribution Partner Assessment 
19    Key Opinion Leaders (KOL) Insights (Additional Insight)
20    Company Competitiveness Analysis (Additional Insight)

    20.1    Very Small Companies
    20.2    Small Companies
    20.3    Mid-Sized Companies
    20.4    Large Companies
    20.5    Very Large Companies
21    Payment Methods (Additional Insight)
    21.1    Government Funded
    21.2    Private Insurance
    21.3    Out-of-Pocket


*Additional insights provided are customisable as per client requirements.

Key Questions Answered in the Report

The market attained a value of about USD 4.7 billion in 2023, driven by the increasing number of smokers globally.

The market is anticipated to grow at a CAGR of 8.5% during the forecast period of 2024-2032, likely to reach a market value of USD 9.8 billion by 2032.

The market is driven by the rising technological advancements and the rising developments by the key players, along with the increased prevalence of chronic obstructive lung disease (COPD) cases globally.

The increasing FDA approvals for innovations in mechanical ventilators is a major trend influencing the market growth.

The major regions of the market include North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America is currently leading the global market.

Different types of mechanical ventilators include critical care, neonatal, transport and portable, among others.

Different modes include invasive and non-invasive.

The end users in the market include hospitals and home healthcare, among others.

Key players involved in the market are Getinge AB, Medtronic PLC, Koninklijke Philips NV, 
Smith’s Medical, ResMed Inc., Dragerwerk AG & Co. KGaA, GE Healthcare, Mindray Medical International Limited, Nihon Kohden Corporation, Vyaire Medical Inc., Abbott, Boston Scientific Corporation, Biotronik, ZOLL Medical Corporation, and Nihon Kohden Corporation.

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