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2022

Mechanical Ventilator Market

Mechanical Ventilator Market Size, Share, Competitive Landscape and Trend Analysis Report by Product Type (Intensive Care Unit/Critical Care, Transport/Portable/Ambulatory, and Neonatal Care), Component (Devices and Services), Mode (Noninvasive Ventilation and Invasive Ventilation), Age Group (Pediatric & Neonatal, Adult, and Geriatric), and End User (Hospital & Clinic, Home Care, and Ambulatory Surgical Center): Global Opportunity Analysis and Industry Forecast, 2021-2030

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Author's: Smita Nerkar| Prathmesh Bhasme | Roshan Deshmukh
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Mechanical Ventilator Market (Statistics & Outlook) 2030

The global mechanical ventilator market size was valued at $ 4,652.34 million in 2020, and is estimated to reach $ 18,632.21 million by 2030 at a CAGR of 12.82% from 2021 to 2030. Mechanical ventilator is the device used to support breathing of patients who is critically ill and unable to breathe by self. A hollow tube, which acts as artificial airway, is inserted into the patient's mouth and down into their trachea to connect patient to the ventilator. In addition, mechanical ventilators are used to assess static compliance of airway resistance and respiratory system abnormalities as a diagnostic tool. The mechanical ventilators market is a life-saving device in medical emergency and surgeries.

The growth of the global mechanical ventilator market is majorly driven by increase in prevalence of chronic respiratory diseases such as lung cancer, chronic obstructive pulmonary disease (COPD), asthma, bronchitis, and other lung disorders as well as rise in number of hospitals & diagnostic centers. As per the Globocan 2020, lung cancer is a second ranked cancer in terms of patient count in Europe with estimated 477,534 newly diagnosed patients. In addition, increase in aged individuals who are susceptible to respiratory disorders is one of the key drivers of the market. For instance, according to the American Cancer Society’s 2021 Statistics, most of the people over the age of 65 are prone to lung cancer.

Mechanical-Ventilator-Market

Moreover, advancements in mechanical ventilator Market anticipated to contribute toward the growth of the market. For instance, Philips, a global leader in health technology, offers Respironics V680, a critical care ventilator which uses their proprietary auto-trak technology to automatically adapt to your patient’s breathing pattern and deliver a high level of synchrony during noninvasive therapy. 

Impact of COVID-19 Pandemic on Mechanical Ventilator Market (Pre & Post Analysis)

Furthermore, COVID-19 pandemic has boosted the growth of market. The COVID-19 infection is associated with respiratory failure, and requires critical care with ventilator support. Mechanical ventilation has regularly been employed to oxygenate seriously ill COVID-19 patients. In addition, new delta and omicron variants of COVID-19 with high spreading rate found in mid-November 2021 have increased the risk of third wave across the world. Moreover, key manufacturing companies in mechanical ventilators market and government have taken initiatives to boost the production of market to fulfil the high requirement of ventilators during the pandemic.

Thus, presence of various manufacturers and initiatives taken by government to increase the production of market have propelled the growth of the market. However, high cost associated with mechanical ventilators and risk of ventilator associated diseases such as nosocomial pneumonias restrict the market growth during the forecast period.

Global Mechanical Ventilator Market Segmentation

The global mechanical ventilators market is segmented into product type, components, mode, age group, end user and region. By product type, the market is categorized into intensive care unit/critical care, transport/portable/ambulatory, and neonatal care. 

On the basis of component, it is divided into device and services. Depending on mode, it is categorized into noninvasive ventilation and invasive ventilation. By age group, it is divided into pediatric & neonatal, adult, and geriatric. As per end user, it is categorized into hospital & clinic, home care, ambulatory surgical center.

Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, and rest of Europe), Asia-Pacific (Japan, China, Australia, India, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).

Segment Review

Depending on product type, the intensive care mechanical ventilator market segment dominated the market in 2020, and this trend is expected to continue during the forecast period, owing increase in number of hospital admission of patients due to COVID-19 pandemic. However, the transport/portable ventilators segment is expected to witness considerable growth during the forecast period, owing to increase in adoption of home care settings for old age peoples. 

Mechanical Ventilator Market
By Component
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Device segment held a dominant position in 2020 and would continue to maintain the lead over the forecast period.

By component, the device segment was the major contributor in 2020, and is expected to maintain its lead during the forecast period, owing to increase in demand for mechanical ventilators market. However, the services segment is expected to witness considerable growth during the forecast period, due to increase in sales of market.

Mechanical Ventilator Market
By Product Type
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Intensive Care Unit/Critical Care segment held a dominant position in 2020 and would continue to maintain the lead over the forecast period.

On the basis of mode, the invasive ventilation segment was the major contributor in 2020, and is expected to maintain its lead during the forecast period, owing to application for critically ill patients and in medical emergency. However, the non-invasive ventilation segment is expected to witness considerable growth during the forecast period, due to cost-effectiveness, and can be easily available outside the ICU.

Mechanical Ventilator Market
By Mode
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Invasive segment held a dominant position in 2020 and would continue to maintain the lead over the forecast period.

By age group, the adult segment was the major contributor in 2020, and is expected to maintain its lead during the forecast period, owing to COVID-19 infection mainly affects elderly people. However, the geriatric segment is expected to witness considerable growth during the forecast period, due to increase in geriatric population and rise in diseases associated with old age.

Mechanical Ventilator Market
By Age Group
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Adult segment held a dominant position in 2020 and would continue to maintain the lead over the forecast period.

Depending on end user, the hospitals & clinics segment was the major contributor in 2020, and is expected to maintain its lead during the forecast period, owing to increase in number of hospitals and rise in patient admission to hospitals due to COVID-19 infection. However, the ambulatory surgical center segment is expected to witness considerable growth during the forecast period, due to cost-effectiveness of ambulatory surgical center.

North America garnered the major share in the mechanical ventilator market in 2020, and is expected to continue to dominate during the forecast period, owing to rise in the prevalence of chronic diseases, presence of key players for manufacturing & development of market size, increase in number of hospitals & diagnostic centers and initiatives taken by government to increase market production in the region. However, Asia-Pacific is expected to register the highest CAGR of 15.9% from 2021 to 2030, owing to increase in demand for mechanical ventilators, and high population.

Mechanical Ventilator Market
By Region
2030
Asia-pacific 
North America
Europe
LAMEA

North America was holding a dominant position in 2020 and would continue to maintain the lead over the analysis period.

Key Benefits for Stakeholders

  • This report provides a detailed quantitative analysis of the current market trends and future estimations from 2021 to 2030, which assists in identifying prevailing mechanical ventilator market opportunities. 
  • An in-depth analysis of various regions is likely to provide a detailed understanding of the current trends to the stakeholders to formulate region-specific plans.
  • Comprehensive analysis of factors that drive and restrain growth of the market are provided.
  • Key regulatory guidelines for the mechanical ventilators market are critically dealt according to region.
  • A deep dive market analysis of various regions provides insights that would allow companies to strategically plan their business moves.

Mechanical Ventilator Market Report Highlights

Aspects Details
Mechanical Ventilator Market By Product Type
By Product Type
  • Intensive Care Unit/Critical Care
  • Transport/Portable/Ambulatory
  • Neonatal Care
Mechanical Ventilator Market By COMPONENT
By COMPONENT
  • Devices
  • Services
Mechanical Ventilator Market By MODE
By MODE
  • Noninvasive Ventilation
  • Invasive Ventilation
Mechanical Ventilator Market By AGE GROUP
By AGE GROUP
  • Pediatric & Neonatal
  • Adult
  • Geriatric
Mechanical Ventilator Market By END USER
By END USER
  • Hospital & Clinic
  • Home Care
  • Ambulatory Surgical Center
  • Others
Mechanical Ventilator Market By Region
By Region
  • North America  (U.S, Canada, Mexico)
  • Europe  (Germany, France, UK, Rest of Europe)
  • Asia-Pacific  (Japan, China, Australia, India, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
Key Market Players
Key Market Players

MEDTRONIC PLC., VYAIRE MEDICAL INC., GENERAL ELECTRIC COMPANY (GE HEALTHCARE), DRAEGERWERK AG & CO. KGaA, MINDRAY MEDICAL INTERNATIONAL LIMITED, SMITHS GROUP PLC., CARL REINER GmbH, HAMILTON MEDICAL AG, GETINGE AB (MAQUET HOLDING B.V. & CO. KG), KONINKLIJKE PHILIPS N.V. (PHILIPS), ASAHI KASEI CORPORATION (ZOLL MEDICAL CORPORATION)

Analyst Review

In accordance to several interviews conducted, utilization of intensive care unit ventilators is expected to witness a significant rise with increase in ICU admissions. This has further has piqued the interest of healthcare industry in mechanical ventilator, owing to its high use for various conditions such as asthmatic attacks, severe accidents, and ICU admissions.

The CXOs further added that, rise in prevalence of respiratory diseases, increase in geriatric population, and technological advancements in mechanical ventilators are some major factors that strengthen the growth of the global mechanical ventilator market. According to CXOs, increase in cases of chronic respiratory diseases boosts the demand for mechanical ventilators. In addition, use of mechanical ventilators is the highest in Asia-Pacific, owing to high ICU bed admissions and increase in government expenditure on healthcare, followed by Europe and North America.

Author Name(s) : Smita Nerkar| Prathmesh Bhasme | Roshan Deshmukh
Frequently Asked Questions?

The total market value of mechanical ventilator market is $4,652.34 million in 2020.

The forecast period in the report is from 2021 to 2030

The market value of mechanical ventilator Market in 2021 was $6,289.97 million

The base year for the report is 2020.

Yes, mechanical ventilator companies are profiled in the report

The top companies that hold the market share in mechanical ventilator market are Becton, Dickinson and Company (CareFusion/ Vyaire Medical Inc.), Carl Reiner GmbH, Draegerwerk AG & Co. KGaA, Getinge AB (Maquet Holding B.V. & Co. KG), General Electric Company (GE Healthcare), Hamilton Medical AG, Koninklijke Philips N.V., Medtronic Plc. (Covidien Ltd.), Mindray Medical International Limited, Smiths Group Plc., and Zoll Medical Corporation

Asia-Pacific is expected to register the highest CAGR of 15.3% from 2021 to 2030, owing to increase in number of hospitals, a rise in the chronic diseases, and high population.

The key trends in the mechanical ventilator market are by an increase in the prevalence of chronic diseases, such as COPD, asthma, & lungs cancer; rise in demand for mechanical ventilator due to COVID-19 pandemic; and initiative taken by private & government organizations to increase ventilator production.

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Mechanical Ventilator Market

Global Opportunity Analysis and Industry Forecast, 2021-2030