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Ventilators Market Forecasts to 2028 - Global Analysis By Product (Accessories/Consumables, Ventilator Instrument and Other Products), Type (Adult/Pediatric Ventilators, Neonatal/Infant Ventilators and Other Types), Interface (Non-Invasive Ventilators and Invasive Ventilators), Mode (Pressure Mode Ventilators, Volume Mode Ventilators, Combined Mode Ventilators and Other Modes of Ventilators), Mobility, End User and By Geography
Estimated Year Value (2022)
US $1.54 BN
Projected Year Value (2028)
US $2.74 BN
CAGR (2022 - 2028)
North America, Europe, Asia Pacific, South America, and Middle East & Africa
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa
Highest Growing Market
According to Stratistics MRC, the Global Ventilators Market is accounted for $1.54 billion in 2022 and is expected to reach $2.74 billion by 2028 growing at a CAGR of 10.1% during the forecast period. The ventilator is essentially a piece of technology used in intensive care units to assist patients with breathing when they are unable to do so on their own. Ventilators are used in hospitals, rehab facilities, and at home. They can be used on the system either temporarily or permanently (as in long-term care). A ventilator consists of an end-tracheal tube, a nasogastric drain, and mechanical ventilation. By giving oxygen to the patient, ventilation devices eliminate carbon dioxide from their bodies. Although it is intended to maintain life, it is not utilised to treat illnesses or other medical conditions. Patients with chronic illnesses such chronic obstructive pulmonary disease (COPD), asthma, brain injuries, and strokes need the mechanical ventilation system.
According to the World Health Statistics, 2018 the mortality rate from respiratory disease in England in 2018 was 161 deaths per 100,000 population for men and 117 per 100,000 for women. According to Eurostat, 2018, an analysis of the number of hospital beds in relation to population revealed that there were, on average, 538 per 100 000 inhabitants across the whole of the EU-27. According to WHO, 2018, one in four or 25% of deaths from COPD in adults in low- and middle-income countries are owing to the exposure to household air pollution.
Increased demand for decentralized ventilation system
Sales of ventilation equipment will spike as decentralised systems become more and more popular as a way to cut back on pipes and connections in office buildings and other multi-family housing projects. Decentralized systems are also increasingly being used in the expanding residential sector due to their low maintenance needs and low chance of malfunction. As a result, decentralised ventilation reduces the need for space cooling by helping to compartmentalise buildings into zones that minimise air leakage through the building envelope, according to industry experts. This enhances comfort and proliferates market growth.
High operating and maintenance costs
Congestion is eliminated by conventional mechanical ventilation. Due to their extreme air tightness and compactness, modern business and residential spaces lower internal pressure by forcing air out. With typical ventilators, which demand positive force to evacuate combustion outside the room, this presents a challenge. Yet, examining the system, locating the fault, and fixing it are only occasionally simple tasks that call for trained technicians. Several factors contribute to the high cost of operating and maintaining ventilation systems. To address operational and upkeep difficulties, the major industry participants never stop inventing and introducing new technology. The lack of qualified technicians is another issue the HVAC sector is dealing with. Throughout the next decade, the majority of the current workforce will retire, increasing the likelihood of a labour shortage.
Surging prevalence of respiratory disorders
The most important factors influencing the growth of this market are the rising incidence of chronic obstructive pulmonary disease (COPD) and other respiratory disorders such sleep apnea, acute lung damage, and hypoxemia. It is also anticipated that the market's overall growth will be accelerated by the rising rate of preterm births and the rapidly expanding geriatric population. The high incidence of tobacco use, which causes respiratory diseases, will further support the market's expansion.
Harmful effects of certain respiratory devices on neonates
Neonatal mechanical ventilators provide respiratory support, but they can also harm the lungs over time, leading to conditions including bronchopulmonary dysplasia and bronchial intubation, which are the most prevalent causes of mortality while using mechanical ventilators. There have been instances where excessive oxygen exposure from mechanical breathing caused blindness in preterm infants. Surfactants are being used by businesses to lessen the negative effects of ventilation and stop infection. In order to lessen these consequences, non-invasive breathing procedures such as nasal continuous positive airway pressure (CPAP) are preferred. Nonetheless, intubation and invasive mechanical ventilation may still be necessary for the majority of susceptible newborns.
The COVID-19 outbreak had a favourable effect on the ventilators business since the pandemic sparked expansion. Respiratory failure brought on by COVID-19 infection requires intensive care and ventilator support. Very sick COVID-19 patients have been regularly oxygenated using mechanical breathing. However, new COVID-19 delta and omicron variants with a fast rate of spread were found in mid-November, increasing the possibility of a third wave travelling throughout the globe. To satisfy the increasing demand for mechanical ventilators during the pandemic, the government and well-known manufacturers in the market have boosted market production. The manufacturers are also concentrating on numerous advancements and innovations, industry trends, and other market expansion methods. These factors will accelerate the market's growth.
The ventilator instrument segment is expected to be the largest during the forecast period
The ventilator instrument segment is estimated to have a lucrative growth, due to the increasing number of ICU beds, the increased need for ventilators in healthcare settings, and the high price of ventilator machines. Other factors contributing to the growth of this market include the increased prevalence of acute and chronic illnesses, the rise of infectious diseases like COVID-19 and Ebola that are raising demand for intensive care units, and the expanding number of hospitals.
The hospitals & clinics segment is expected to have the highest CAGR during the forecast period
The hospitals & clinics segment is anticipated to witness the fastest CAGR growth during the forecast period, due to the rise in admissions to hospital ICUs is one of the important causes fueling the surge in demand. Another element that is anticipated to fuel the expansion of this market segment is the increased prevalence of respiratory diseases and COVID-19. In addition, the market for ICU equipment is anticipated to see an increase in demand due to the expanding number of hospitals in developing nations.
Region with highest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to the increased incidence of various pulmonary disorders and premature births, notably in India and China, as well as the growing population needing ventilator assistance. Local manufacturers and recent companies have been inspired by the recent COVID-19 outbreak to create ventilators that are affordable. Also, governments are launching programmes to increase production, and businesses outside the healthcare industry are working with those in the field to increase the manufacture of ventilators and related accessories, ultimately assisting the expansion of the market in the area.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period, owing to the increase in demand for home indoor air quality systems, which can be ascribed to severe weather conditions including hurricanes, hailstorms, and heavy snowfall. The necessity for these technologies to provide a secure and healthy indoor environment across the region would increase as investments in the residential sector increased.
Key players in the market
Some of the key players profiled in the Ventilators Market include Getinge AB, Medtronic, Avasarala Technologies Limited, Allied Healthcare Products, Inc, Smiths Group plc, TRITON Electronic Systems Ltd., Koninklijke Philips N.V., Bio-Med Devices, Johnson Controls, Hamilton Medical, ResMed, Greenheck Fan Corporation, Nihon Kohden Corporation, Fisher & Paykel Healthcare Limited, Drägerwerk AG & CO. KGAA, Metran Co., Ltd, Hill-Rom Holdings, Inc., Komfovent, Mindray Bio-Medical Electronics Co., Ltd and General Electric Company.
In May 2021, Johnson Controls completed its takeover of Silent-Aire for an approximate value of USD 0.8 billion. The latter is a global leader in modular critical infrastructure solutions and hyperscale data center cooling.
In April 2021, Midea Group exhibited a line of various high-efficiency precision cabinettype industrial precision fan coil units. The series was presented at CRH-2021 (China Refrigeration and Heating 21).
In April 2021, Greenheck rolled out RV-10, a new model as an addition to its rooftop ventilation unit line for partial recirculation and 100% outside air systems.
In February 2021, Komfovent launched a new VERSO CF 5000 V air handling unit under its VERSO standard series. CF 5000 V is a compact unit with a vertical duct connection that aids in saving space and effectively utilizes space.
• Ventilator Instrument
• Other Products
• Adult/Pediatric Ventilators
• Neonatal/Infant Ventilators
• Other Types
• Non-Invasive Ventilators
• Invasive Ventilators
• Pressure Mode Ventilators
• Volume Mode Ventilators
• Combined Mode Ventilators
• Other Modes of Ventilators
• Portable/Transportable Ventilators
• Intensive Care Ventilators
End Users Covered:
• Ambulatory Care Centers
• Hospitals & Clinics
• Emergency Medical Services
• Home Care Settings
• Specialty Clinics
• Long Term Care Centres
• Rehabilitation Centres
• Other End Users
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
3 Market Trend Analysis
3.6 Product Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Ventilators Market, By Product
5.2.1 Ventilator Catheters
5.2.2 Endotracheal Tubes
5.2.3 Ventilator Masks
5.2.4 Other Accessories
5.3 Ventilator Instrument
5.4 Other Products
6 Global Ventilators Market, By Type
6.2 Adult/Pediatric Ventilators
6.3 Neonatal/Infant Ventilators
6.4 Other Types
7 Global Ventilators Market, By Interface
7.2 Non-Invasive Ventilators
7.3 Invasive Ventilators
8 Global Ventilators Market, By Mode
8.2 Pressure Mode Ventilators
8.3 Volume Mode Ventilators
8.4 Combined Mode Ventilators
8.5 Other Modes of Ventilators
9 Global Ventilators Market, By Mobility
9.2 Portable/Transportable Ventilators
9.3 Intensive Care Ventilators
9.3.1 High-End ICU Ventilators
9.3.2 Mid-End ICU Ventilators
9.3.3 Basic ICU Ventilators
10 Global Ventilators Market, By End User
10.2 Ambulatory Care Centers
10.3 Hospitals & Clinics
10.4 Emergency Medical Services
10.5 Home Care Settings
10.6 Specialty Clinics
10.7 Long Term Care Centres
10.8 Rehabilitation Centres
10.9 Other End Users
11 Global Ventilators Market, By Geography
11.2 North America
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.5 Other Key Strategies
13 Company Profiling
13.1 Getinge AB
13.3 Avasarala Technologies Limited
13.4 Allied Healthcare Products, Inc
13.5 Smiths Group plc
13.6 TRITON Electronic Systems Ltd.
13.7 Koninklijke Philips N.V.
13.8 Bio-Med Devices
13.9 Johnson Controls
13.10 Hamilton Medical
13.12 Greenheck Fan Corporation
13.13 Nihon Kohden Corporation
13.14 Fisher & Paykel Healthcare Limited
13.15 Drägerwerk AG & CO. KGAA
13.16 Metran Co., Ltd
13.17 Hill-Rom Holdings, Inc.
13.19 Mindray Bio-Medical Electronics Co., Ltd
13.20 General Electric Company
List of Tables
1 Global Ventilators Market Outlook, By Region (2020-2028) ($MN)
2 Global Ventilators Market Outlook, By Product (2020-2028) ($MN)
3 Global Ventilators Market Outlook, By Accessories/Consumables (2020-2028) ($MN)
4 Global Ventilators Market Outlook, By Ventilator Catheters (2020-2028) ($MN)
5 Global Ventilators Market Outlook, By Endotracheal Tubes (2020-2028) ($MN)
6 Global Ventilators Market Outlook, By Ventilator Masks (2020-2028) ($MN)
7 Global Ventilators Market Outlook, By Other Accessories (2020-2028) ($MN)
8 Global Ventilators Market Outlook, By Ventilator Instrument (2020-2028) ($MN)
9 Global Ventilators Market Outlook, By Other Products (2020-2028) ($MN)
10 Global Ventilators Market Outlook, By Type (2020-2028) ($MN)
11 Global Ventilators Market Outlook, By Adult/Pediatric Ventilators (2020-2028) ($MN)
12 Global Ventilators Market Outlook, By Neonatal/Infant Ventilators (2020-2028) ($MN)
13 Global Ventilators Market Outlook, By Other Types (2020-2028) ($MN)
14 Global Ventilators Market Outlook, By Interface (2020-2028) ($MN)
15 Global Ventilators Market Outlook, By Non-Invasive Ventilators (2020-2028) ($MN)
16 Global Ventilators Market Outlook, By Invasive Ventilators (2020-2028) ($MN)
17 Global Ventilators Market Outlook, By Mode (2020-2028) ($MN)
18 Global Ventilators Market Outlook, By Pressure Mode Ventilators (2020-2028) ($MN)
19 Global Ventilators Market Outlook, By Volume Mode Ventilators (2020-2028) ($MN)
20 Global Ventilators Market Outlook, By Combined Mode Ventilators (2020-2028) ($MN)
21 Global Ventilators Market Outlook, By Other Modes of Ventilators (2020-2028) ($MN)
22 Global Ventilators Market Outlook, By Mobility (2020-2028) ($MN)
23 Global Ventilators Market Outlook, By Portable/Transportable Ventilators (2020-2028) ($MN)
24 Global Ventilators Market Outlook, By Intensive Care Ventilators (2020-2028) ($MN)
25 Global Ventilators Market Outlook, By High-End ICU Ventilators (2020-2028) ($MN)
26 Global Ventilators Market Outlook, By Mid-End ICU Ventilators (2020-2028) ($MN)
27 Global Ventilators Market Outlook, By Basic ICU Ventilators (2020-2028) ($MN)
28 Global Ventilators Market Outlook, By End User (2020-2028) ($MN)
29 Global Ventilators Market Outlook, By Ambulatory Care Centers (2020-2028) ($MN)
30 Global Ventilators Market Outlook, By Hospitals & Clinics (2020-2028) ($MN)
31 Global Ventilators Market Outlook, By Emergency Medical Services (2020-2028) ($MN)
32 Global Ventilators Market Outlook, By Home Care Settings (2020-2028) ($MN)
33 Global Ventilators Market Outlook, By Specialty Clinics (2020-2028) ($MN)
34 Global Ventilators Market Outlook, By Long Term Care Centres (2020-2028) ($MN)
35 Global Ventilators Market Outlook, By Rehabilitation Centres (2020-2028) ($MN)
36 Global Ventilators Market Outlook, By Other End Users (2020-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
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