The global medical ventilators market is anticipated to grow at a CAGR of around 8.3% during the forecast period 2020 to 2027 and to reach around US$ 1,729.8 Mn by 2027.
Market Dynamics
Increase in incidence of chronic respiratory disorders across the globe, high government spending on development of advanced healthcare infrastructure, and consumer approach towards advanced ventilators is major factors expected to drive the growth of the global market. There is increase in number of in-patents in hospitals with problems related to asthma and COPD. With the outburst of COVID-19 across the globe and rise in mortality due to respiratory problems is resulting in demand for advanced ventilators.
Major players across the globe are focused on increasing the production capacity of ventilators in order to cater the ongoing demand for ventilators which another important factor is expected to impact the target market growth positively.
However, factors such as unavailability of reimbursement in developing countries and complication associated to use of ventilators are expected to hamper the growth of global market.
Advancements in ventilator design, coupled with introduction of innovative products is expected to create new opportunities for players over the forecast period.
In addition, strategic merger and acquisition in order to increase the customer base and enhance the profit ratio is expected to further support the revenue traction of the global market.
Medical Ventilator Market Segment Analysis, 2019
The global market is segmented into mobility, mode, type, interface and end user. The mobility segment is further bifurcated into intensive care ventilators and portable/transportable ventilators. Among end use the hospital segment is expected to account for major revenue share in the global market.
Segment Analysis by Region
The market in North America is expected to account for major revenue share owing to high government spending on development of healthcare infrastructure and availability of favorable reimbursement policies. In addition, presence of major players operating in the country and introduction of new products is expected to further support the growth of target market.
Asia Pacific is expected to witness faster growth in the near future owing to emergence of small and mid-size enterprises with new cost-effective and advanced products. In addition, major player’s inclination towards developing counties in order to track the untapped market in developing countries is expected to further support the growth of target market.
Competitive Landscape
Presence of large number of players operating on regional and international level is increasing the competition. In addition, business development activities and introduction of new apps and payment system are factors further augmenting the market competition.
Report coverage
Market |
Global Medical Ventilator Market |
Analysis Period |
2016 – 2027 |
Base Year |
2019 |
Forecast Data |
2020 – 2027 |
Market Stratification |
Mobility, Mode, Type, Interface and End User and Geography |
Regional Scope |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
Report Coverage |
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis |
The market research study on “Medical Ventilator Market (Mobility: Intensive Care Ventilators and Portable/Transportable Ventilators; Type: Adult/Pediatric Ventilators and Neonatal/Infant Ventilators; Interface: Invasive Ventilation and Non-invasive Ventilation; Mode: Combined Mode Ventilation, Volume Mode Ventilation, Pressure Mode Ventilation, and Others; End use: Hospitals and Clinics, Home Care, Ambulatory Care Centers, and Emergency Medical Services (EMS)) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027”, offers a detailed insights on the global medical ventilator market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights on global medical ventilator market on mobility, mode, type, interface and end user and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global medical ventilator market size and segment markets by mobility, mode, type, interface and end user and geography along with the information on companies operating in the market. The medical ventilator market analysis is provided for major regional market including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report. The players profiled in the report ResMed, Medtronic, Becton, Dickinson and Company, Getinge, Dräger, Philips Healthcare, Smiths Group, GE Healthcare, Hamilton Medical, Fisher & Paykel, Air Liquide, Allied Healthcare Products and Zoll Medical.
Market Segmentation
Market By Mobility
Intensive Care Ventilators
Portable/Transportable Ventilators
Market By Type
Market By Interface
Market By Mode
Market By End use
Market By Region
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Increase in incidence of chronic respiratory disorders across the globe, high government spending on development of advanced healthcare infrastructure, and consumer approach towards advanced ventilators is major factors expected to drive the growth of the global market.
With the outburst of COVID-19 across the globe and rise in mortality due to respiratory problems is resulting in demand for advanced ventilators.
The global medical ventilators market size is expected to reach around US$ 1,729.8 Mn by 2027.
The global medical ventilators market is projected to grow at a CAGR of 8.3% during the forecast period 2020 to 2027.
Among end use the hospital segment is expected to account for major revenue share in the global market.
The market in North America is expected to account for major revenue share owing to high government spending on development of healthcare infrastructure and availability of favorable reimbursement policies.
Asia Pacific is expected to witness faster growth in the near future owing to emergence of small and mid-size enterprises with new cost-effective and advanced products.