Medical Ventilator Market Size - Global Industry, Share, Analysis, Trends and Forecast 2023 - 2032

The Global Medical Ventilator Market Size accounted for USD 3,011 Million in 2022 and is projected to achieve a market size of USD 4,679 Million by 2032 growing at a CAGR of 4.6% from 2023 to 2032.

Medical Ventilator Market Highlights

• Global medical ventilator market revenue is expected to increase by USD 4,679 Million by 2032, with a 4.6% CAGR from 2023 to 2032
• North America region led with more than 39% of medical ventilator market share in 2022
• According to a report by the World Health Organization (WHO), an estimated 3.2 million people die each year due to complications from COPD
• Asia-Pacific medical ventilator market growth will record a CAGR of around 8% from 2023 to 2032
• By type, adult/pediatric is the largest segment in the market, accounting for more than 60% of the total market share.
• Increasing prevalence of respiratory diseases such as asthma, COPD, and lung cancer, drives the medical ventilator market value

A medical ventilator is a machine that provides mechanical ventilation by moving air into and out of the lungs of a critically ill or injured patient. It is commonly used in hospitals and other medical facilities to support patients who are unable to breathe on their own due to various conditions such as respiratory failure, lung disease, or trauma. The machine can be set to deliver a certain amount of air at a specific rate, pressure, and volume, depending on the patient's needs.

The global medical ventilator market has been experiencing significant growth in recent years due to several factors, including the rising incidence of respiratory diseases and the aging population. One of the key drivers of market growth is the increasing prevalence of chronic respiratory diseases such as asthma, chronic obstructive pulmonary disease (COPD), and lung cancer. According to the World Health Organization (WHO), respiratory diseases are responsible for over 10% of deaths worldwide. Additionally, the aging population is also contributing to market growth as older adults are more prone to respiratory illnesses and often require medical assistance to breathe properly.

Global Medical Ventilator Market Trends

Market Drivers

• Increasing prevalence of respiratory diseases such as asthma, COPD, and lung cancer
• Aging population and higher vulnerability to respiratory illnesses
• Rising demand for critical care services in hospitals and healthcare facilities
• Technological advancements in the field of respiratory care
• COVID-19 pandemic leading to an increase in demand for ventilators

Market Restraints

• High cost of medical ventilators
• Lack of skilled professionals to operate and maintain ventilators

Market Opportunities

• Development of portable and non-invasive ventilators
• Growing demand for home-based and remote monitoring systems

Medical Ventilator Market Report Coverage

An increase in the incidence of chronic respiratory disorders across the globe, high government spending on the development of advanced healthcare infrastructure, and consumer approach towards advanced ventilators are major factors expected to drive the growth of the global market. There is an increase in the number of inpatients in hospitals with problems related to asthma and COPD. The outburst of COVID-19 across the globe and the rise in mortality due to respiratory problems are resulting in demand for advanced ventilators.

• According to the U.S. Department of Health and Human Services, currently, more than 25 million people in the United States have asthma. Approximately 14.8 million adults have been diagnosed with COPD, and approximately 12 million people have not yet been diagnosed.
• According to the U.S. Department of Health & Human Services in 2020, more than 5.3 lakh Americans tested positive for coronavirus and the death cases registered are 20,486.

Major players across the globe are focused on increasing the production capacity of ventilators in order to cater to the ongoing demand for ventilators which is another important factor that is expected to impact the target market growth positively.

• In 2020 Hamilton Medical a US-based Biotech Company that specializes in intelligent ventilation solutions would increase its production capacity by 50% as compared to the previous year and would aim to double its production capacity by the end of April.

However, factors such as the unavailability of reimbursement in developing countries and complications associated with to use of ventilators are expected to hamper the growth of the global market.

Advancements in ventilator design, coupled with the introduction of innovative products are expected to create new opportunities for players over the forecast period.

• In 2020, Nihon Kohden launched its new NKV-550 Series Ventilator System, which offers a full suite of applications necessary in a critical care setting for patients of all ages from neonate through adult.

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 Segmentation

The global medical ventilator market segmentation is based on mobility, interface, type, mode, end-use, and geography.

Medical Ventilator Market By Mobility

• Intensive Care
  • Basic ICU Ventilators
  • Mid-end ICU Ventilators
  • High-end ICU Ventilators
• Portable/Transportable

According to medical ventilator industry analysis, the portable/transportable segment held the largest market share in 2022. Portable ventilators are designed to provide respiratory support to patients who require mobility or transportation outside of a hospital or clinical setting. These devices are smaller in size and can be easily carried by patients, allowing them to maintain their normal activities and mobility while receiving critical respiratory support. One of the key drivers of growth in the portable/transportable ventilator market is the increasing demand for home healthcare and remote monitoring systems. As healthcare costs continue to rise, patients are seeking alternative care options that allow them to receive treatment in the comfort of their own homes. Portable ventilators provide a viable option for patients who require respiratory support but want to maintain their independence and mobility.

Medical Ventilator Market By Interface

• Invasive
• Non-invasive

In terms of interface, the non-invasive ventilation segment is dominating the market in 2022. Non-invasive ventilation (NIV) refers to the delivery of respiratory support through a mask or nasal interface, without the need for an invasive procedure such as intubation. NIV is used to treat a variety of respiratory conditions, including chronic obstructive pulmonary disease (COPD), sleep apnea, and acute respiratory distress syndrome (ARDS). One of the key drivers of growth in the non-invasive ventilation market is the increasing prevalence of respiratory diseases such as COPD and sleep apnea. According to the World Health Organization (WHO), COPD is the fourth leading cause of death globally, with an estimated 251 million cases worldwide.

Medical Ventilator Market By Type

• Adult/Pediatric
• Neonatal/Infant

According to the medical ventilator market forecast, the adult/pediatric segment is expected to witness significant growth in the coming years. Medical ventilators designed for adult and pediatric patients are specifically designed to deliver respiratory support to patients of different ages and sizes. These devices are used in a variety of clinical settings, including intensive care units, emergency rooms, and ambulatory care settings. One of the key drivers of growth in the adult/pediatric ventilator market is the increasing prevalence of respiratory diseases such as asthma, COPD, and pneumonia. As the global population continues to age, the incidence of respiratory diseases is expected to rise, leading to an increased demand for respiratory care equipment such as medical ventilators.

Medical Ventilator Market By Mode

• Combined Mode
• Volume Mode
• Pressure Mode
• Others

Based on the mode, the combined mode ventilation segment is expected to witness significant growth in the coming years. Combined mode ventilation refers to the integration of multiple modes of ventilation into a single device, allowing for greater flexibility and improved respiratory support for patients with complex respiratory needs. One of the key drivers of growth in the combined mode ventilation market is the increasing demand for advanced respiratory care technologies in critical care settings. Combined mode ventilation devices are designed to provide a more customized approach to respiratory support, allowing for greater flexibility in adapting to changing patient needs.

Medical Ventilator Market By End-use

• Hospitals and Clinics
• Home Care
• Ambulatory Care Centers
• Emergency Medical Services (EMS)

In terms of end-uses, the hospitals and clinics segment has been experiencing significant growth in recent years. Hospitals and clinics are the primary users of medical ventilators, with the devices being used in emergency rooms, intensive care units, and other critical care settings. One of the key drivers of growth in the hospitals and clinics segment is the increasing demand for advanced respiratory care technologies in critical care settings. Hospitals and clinics require high-performance medical ventilators to support critically ill patients with respiratory failure, including those with COVID-19. Another factor driving growth in the hospitals and clinics segment is the increasing prevalence of respiratory diseases such as chronic obstructive pulmonary disease (COPD) and asthma.

Medical Ventilator Market Regional Outlook

North America

• U.S.
• Canada

Europe

• U.K.
• Germany
• France
• Spain
• Rest of Europe

Asia-Pacific

• India
• Japan
• China
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America

• Brazil
• Mexico
• Rest of Latin America

The Middle East & Africa

• South Africa
• GCC Countries
• Rest of the Middle East & Africa (ME&A)