How large is the mechanical ventilator market, and what is its growth trajectory?
The mechanical ventilator market size has grown strongly in recent years. It will grow from $8.08 billion in 2024 to $8.8 billion in 2025 at a compound annual growth rate (CAGR) of 8.9%. The growth in the historic period can be attributed to emergency preparedness initiatives, research and development initiatives, medical advancements and critical care needs, epidemics and pandemics, aging population and chronic respiratory diseases.
The mechanical ventilator market size is expected to see strong growth in the next few years. It will grow to $12.66 billion in 2029 at a compound annual growth rate (CAGR) of 9.5%. The growth in the forecast period can be attributed to global health emergencies and pandemics, emergency response preparedness, adherence to regulatory standards, government investments and initiative, global healthcare infrastructure development. Major trends in the forecast period include focus on energy efficiency, integration with wearable technology, wireless connectivity and remote monitoring, incorporation of AI and machine learning, modular and customizable systems.
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What key drivers have fueled the mechanical ventilator market’s development over the years?
Improving healthcare infrastructure is expected to propel the growth of the mechanical ventilator market. Healthcare infrastructure is referred to as a foundation for planning, evaluating, delivering, and implementing improvements in public health. The outbreak of the COVID-19 pandemic has increased the need for infrastructure readiness and the demand for improved healthcare facilities. Many hospitals are increasing their capacity of mechanical ventilators to tackle the urgent need without facing a shortage of medical devices for treatment in an emergency. For instance, in January 2024, according to the American Hospital Association, a US-based health care industry trade group, in the United States, there are a total of 6,120 hospitals, with 923 operated by state and local governments. These hospitals collectively provide 916,752 staffed beds to meet healthcare needs nationwide. Therefore, the improving healthcare infrastructure is driving the growth of the mechanical ventilator market.
What is the segmentation for the mechanical ventilator market?
The mechanical ventilator market covered in this report is segmented –
1) By Type: Adult Ventilators, Pediatric Ventilators, Neonatal/ Infant Ventilators
2) By Mobility: Intensive Care Ventilators, High-End ICU Ventilators, Mid-End ICU Ventilators, Basic ICU Ventilators, Portable Ventilators
3) By Mode Of Ventilation: Invasive Ventilation, Non-Invasive Ventilation
4) By End-User: Hospitals and Clinics, Home Care, Ambulatory Care Centers, Emergency Medical Service, Other End-Users
Subsegments:
1) By Adult Ventilators: Invasive Adult Ventilators, Non-Invasive Adult Ventilators
2) By Pediatric Ventilators: Invasive Pediatric Ventilators, Non-Invasive Pediatric Ventilators
3) By Neonatal/Infant Ventilators: High-Frequency Ventilators, Conventional Ventilators for Neonates
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Who are the most influential companies in the mechanical ventilator market?
Major companies operating in the mechanical ventilator market include Air Liquide, Medtronic plc, Koninklijke Philips N.V., GE Healthcare, Smiths Medical, Bio-Med Devices Inc., ResMed, Hill-Rom Holdings Inc., Getinge, Dräger, Chart Biomedical, Fisher & Paykel Healthcare Limited, ZOLL Medical Corporation, Vyaire Medical Inc., SCHILLER, Hamilton Medical, Ventec Life Systems, Allied Healthcare Products Inc., Bunnell Inc., Airon Corporation, aXcent Medical GmbH, Trident Medical Innovations
What are the top industry trends projected to impact the mechanical ventilator market?
Product innovation is a key trend gaining popularity in the mechanical ventilator market. Companies are investing in the research and development of new products to automate the mechanical ventilators based on frequency, assist control, and time to minimize the ventilator work. For instance, in January 2022, OES Medical, a UK based-manufacturer of anesthesia equipment and accessories, launched Gemini-G100, an electrically driven piston ICU ventilator. The new Gemini-G100 is designed to assist intensive care teams worldwide, where the high-pressure oxygen gas supplies are problematic. It only requires electric power and doesn’t place any demand on the oxygen supply within the hospital.
What are the major regional insights for the mechanical ventilator market, and which region holds the top position?
The countries covered in the mechanical ventilator market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
What Does The Mechanical Ventilator Market Report 2025 Offer?
The mechanical ventilator market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
A mechanical ventilator is a machine that automatically performs all or part of the effort required to transport gas into and out of the lungs. It helps a person to breathe when they find it difficult to breathe on their own.
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