Global Ventilators Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
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This report was compiled by Correspondence Linkedin | Detailed Market research Methodology Our methodology involves a mix of primary research, including interviews with leading mental health experts, and secondary research from reputable medical journals and databases. View Detailed Methodology Page
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The Ventilators Market Report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027.
The Ventilators Market report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint.
The global ventilators market report has been segmented on the basis of product type, mode of ventilation, age group, end-user, and region.
Ventilators Market Overview:
The Ventilators Market was valued at $3.4 billion in 2021 & is projected to reach $8.7 billion by 2027. It is expected to grow at a 6.8% CAGR between 2021 and 2027.
Ventilators are medical devices that help patients to maintain proper oxygen flow and are used whenever the patient is suffering from breathing problems and is unable to maintain adequate oxygen levels to maintain life.
Ventilators allow the passage of breathable air into and out of the lungs and also carry carbon dioxide out of the patient’s lungs. Ventilators are widely used in intensive care units (ICU) in hospitals and trauma care centers. Ventilation does not cure diseases in a patient but provides support to the patient thought his/her recovery period.
The increasing incidence of a number of chronic respiratory diseases such as chronic obstructive pulmonary disease (COPD), sleep apnea, and chronic asthma owing to rising pollution levels, stress, smoking, and changing lifestyles is a major factor driving the growth of the global ventilators market.
In addition, an increasing geriatric population that is susceptible to congestive heart failure (CHF) and requires ventilators for treatment coupled with increasing cases of preterm births are other factors expected to boost the growth of the global ventilators market over the forecast period.
However, high costs related to procurement and use of ventilators especially, in-home settings are a major factor restraining the growth of the global ventilators market.
Additionally, problems associated with invasive ventilation such as lung and respiratory tract injuries are another major factor anticipated to hamper the growth of the global ventilators market over the forecast period.
Currently, the market in North America dominates the global ventilators market in revenue terms owing to high awareness about ventilators, high prevalence of respiratory diseases, and high healthcare expenditure by governments in countries in the region.
The market in Europe accounted for the second-highest revenue share in the global ventilators market, due to high healthcare expenditure by governments of countries, and high disposable income, followed by markets in the Asia Pacific, Latin America, and the Middle East & Africa respectively.
The market in the Asia Pacific is projected to witness the fastest growth in terms of revenue, owing to an increase in the number of patients suffering from chronic respiratory diseases, and a rise in government initiatives for the improvement of healthcare facilities in countries in the region.
Global ventilators market segmentation:
Ventilators Market Segmentation by product type:
- Intensive-care ventilator
- Portable/transport ventilators
Ventilators Market Segmentation by mode of ventilation:
- Invasive ventilation
- Non-invasive ventilation
Ventilators Market Segmentation by age group:
- Pediatric and neonates
- Adult
- Geriatric
Ventilators Market Segmentation by end user:
- Hospitals
- ASCs
- Home care
Ventilators Market Segmentation by region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn -
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- Koninklijke Philips N.V.
- ResMed
- Medtronic Plc.
- Becton, Dickinson and Company
- Getinge Group
- Drägerwerk AG
- Smiths Group Plc.
- Hamilton Medical
- GE Healthcare
- Fisher & Paykel
- Air Liquide S.A.