Ventilator Market Size to Reach USD 1,716.90 Million in 2028 | Industry Trends – Rising Demand for Ventilators in Hospitals, Ambulatory Care Centers and Home Healthcare Settings

Rapidly growing geriatric population and rising prevalence of respiratory diseases are among the major factors driving the global market revenue growth

Emergen Research has published its latest report titled “Ventilator Market, By Interface (Invasive, Non-invasive), By Type (Adult/Pediatric Ventilators, Infant/Neonatal Ventilators), By Mode (Pressure Mode Ventilation, Volume Mode Ventilation, Dual/Combined Mode Ventilation, Others), By End-use (Hospitals, Home Care Settings, Ambulatory Care Centers, Emergency Medical Services), and By Region Forecast to 2028.”

According to Emergen Research, the global ventilator market size was USD 973.53 million in 2020 and is expected to reach USD 1,716.90 million in 2028 and register a revenue CAGR of 7.3% during the forecast period, 2021-2028.

Market Dynamics:

Steady revenue growth of the global ventilator market is attributed to factors such as rise in global geriatric population, rising prevalence of respiratory diseases such as asthma, chronic obstructive pulmonary disease (COPD), sleep apnea, and acute lung injury, rising cases of pre-term births, and increasing intensive care unit (ICU) admissions in hospitals. Substantial rise in demand for ventilators across the globe amid the ongoing COVID-19 pandemic, rising cases of the novel coronavirus disease, growing demand in home healthcare settings, and rapidly advancing healthcare infrastructure – especially in developing countries such as India and China – are some of the other important factors contributing to the global ventilator market revenue growth.

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Also called respirator or breathing machine, a ventilator is a machine that assists patients with troubled breathing. Technological advancements in ventilators, such as higher portability, extended battery life, and integration of advanced sensor technologies and positive airway pressure (PAP) systems, are expected to further drive revenue growth of the global ventilator market over the forecast period.

COVID-19 Impact Analysis:

  • Social distancing and restrictions severely disrupted businesses and operations
  • Lockdowns caused disruptions in transportation and logistics
  • Impacted manufacturing activities and mining operations globally
  • Took a toll on economy of various countries
  • Caused sudden and drastic downturn in economic activity
  • Disrupted agriculture, fisheries, dairy, and other sectors
  • Caused loss of employment and financial crisis
  • Supply impacts were further compounded owing to reduced disposable income
  • Emergence of variants  continue to cause concerns and impact normal routines

Adult/Pediatric Ventilators Segment Accounted for Largest Revenue Share in 2020:

Based on type, the global ventilator market is segmented into adult/pediatric ventilators and neonatal/infant ventilators. The adult/pediatric ventilators segment dominated other segments in terms of revenue share in the global market in 2020. Major factors contributing to revenue growth of this segment are growing global geriatric population, rising prevalence of chronic respiratory diseases including COPD, asthma, and sleep apnea, and rapidly increasing cases of the SARS-CoV-2 infection worldwide.

Hospitals Segment to Account for Fastest Revenue CAGR:

Based on end-use, the global ventilator market is segmented into hospitals, home care settings, ambulatory care centers, and emergency medical services. The hospitals segment is expected to register the fastest revenue growth rate in the global market over the forecast period. Rapidly rising cases of COVID-19 across the world, increasing rate of hospital admissions, unprecedented rise in demand for ventilators in hospitals, and development of highly advanced ICU ventilators are among the key factors expected to drive revenue growth of this segment.

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Asia Pacific Market to Lead in Terms of Revenue CAGR:

Among regional markets, the Asia Pacific ventilator market is expected to register the fastest revenue growth rate in the global market over the forecast period. Key factors contributing to the regional market revenue growth are rapid spread of the SARS-CoV-2 infection, growing rate of hospital admissions, rising demand for ventilator-equipped ICU beds, increasing use of ventilators in home care settings, and rapidly advancing healthcare infrastructure of the region.

Major Companies in the Global Ventilator Market Include:

  • Medtronic Plc
  • GE Healthcare
  • ResMed Inc.
  • Allied Healthcare Products
  • Koninklijke Philips N.V.
  • Hamilton Medical
  • Zoll Medical
  • Becton, Dickinson, and Company
  • Fisher & Paykel Healthcare Ltd.
  • Philips Healthcare

For the purpose of this report, Emergen Research has segmented the global ventilator market on the basis of interface, type, mode, end-use, and region:

Interface Outlook (Revenue, USD Million; 2018-2028)

  • Invasive Ventilation
  • Non-invasive Ventilation

Type Outlook (Revenue, USD Million; 2018-2028)

  • Adult/Pediatric Ventilators
  • Infant/Neonatal Ventilators

Mode Outlook (Revenue, USD Million; 2018-2028)

  • Pressure Mode Ventilation
  • Volume Mode Ventilation
  • Dual/Combined Mode Ventilation
  • Others

End-use Outlook (Revenue, USD Million; 2018-2028)

  • Hospitals
  • Homecare Setting
  • Ambulatory Care Centers
  • Emergency Medical Services

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Region Outlook (Revenue, USD Million; 2018-2028)

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • BENELUX
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East & Africa
    • Saudi Arabia
    • U.A.E.
    • South Africa
    • Turkey
    • Rest of Middle East & Africa

Table of Content

Chapter 1. Methodology & Sources

    1.1. Market Definition

    1.2. Research Scope 

    1.3. Methodology

    1.4. Research Sources

          1.4.1. Primary

          1.4.2. Secondary

          1.4.3. Paid Sources

    1.5. Market Estimation Technique

Chapter 2. Executive Summary

    2.1. Summary Snapshot, 2020-2030

Chapter 3. Key Insights

Chapter 4. Ventilator Market Segmentation & Impact Analysis

    4.1. Ventilator Market Material Segmentation Analysis

    4.2. Industrial Outlook

          4.2.1. Market indicators analysis

          4.2.2. Market drivers’ analysis

          4.2.3. Market restraints analysis

    4.3. Technological Insights

    4.4. Regulatory Framework

    4.5. Porter’s Five Forces Analysis

    4.6. Competitive Metric Space Analysis

    4.7. Price trend Analysis

    4.8. Covid-19 Impact Analysis

Continued…

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