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Mechanical Ventilators Market Size, By Product (Intensive Care Ventilators, Portable Ventilators), By Interface (Invasive Ventilation, Non-invasive Ventilation), By Ventilator Type (Adult Ventilators, Neonatal Ventilators), By Application, By Mode, By End-use & Forecast, 2032

  • Report ID: GMI1882
  • Published Date: Feb 2023
  • Report Format: PDF

Mechanical Ventilators Market Size

Mechanical Ventilators Market size was valued at more than USD 3.3 billion in 2022 and is projected to record over 1% CAGR from 2023 to 2032. Increasing prevalence of chronic respiratory illnesses to propel industry expansion.

Mechanical Ventilators Market

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High prevalence of chronic respiratory disorders is one of the main factors driving product demand. Chronic respiratory disease is one of the main causes of death worldwide. Moreover, around 15 million Americans were forecasted to have chronic obstructive pulmonary disease in 2020, with this number likely to rise over the coming years.

Gradual growth in the patient population and hospitalization rate will raise the demand for mechanical ventilators. The invasive and noninvasive positive pressure delivered by these ventilations for COPD exacerbation has increased product uptake in several healthcare facilities. It is projected that the clinical benefits provided by mechanical ventilators for the diagnosis, treatment, and mitigation of chronic respiratory illnesses will boost equipment deployment.

Risk associated with the use of mechanical ventilators could impede mechanical ventilators market progress

Mechanical ventilators are one of the crucial medical tools used in the diagnosis and treatment of chronic diseases as well as in life-threatening medical situations. However, risks and difficulties related to these medical devices might have a negative impact on patients. Acute respiratory distress syndrome (ARDS), sepsis, ventilator-associated pneumonia (VAP), atelectasis, and pulmonary edema are a few of the risks linked to mechanical ventilation. To reduce these risks, companies are working to develop advanced equipment. For instance, in 2023, Getinge recently launched a new ventilator that claims to offer lung protection to adults and pediatric patients.

Mechanical Ventilators Market Analysis

Global Mechanical Ventilators Market Share By Product

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Mechanical ventilators market share from the intensive care ventilators segment is predicted to reach over USD 2.7 billion by 2032. Intensive care ventilators are used for treating and monitoring patients in the ICU. These ventilators are designed to support patients suffering from breathing problems. Several clinical advantages offered by these ventilators in cases of acute respiratory failure, impaired lung functions, and breathing-related issues would dramatically increase product demand. The development of novel technology or advanced ventilation support will stimulate market outlook.

Based on ventilator type, the mechanical ventilators market is bifurcated into adult ventilators, neonatal ventilators. Adult ventilators segment is expected to cross USD 3.1 billion by 2032. The enormous patient pool with asthma and chronic obstructive pulmonary disease (COPD) along with the changing lifestyle is increasing the deployment of adult ventilators. For instance, the data from the House of Commons Library (UK Parliament) shows that in 2021 nearly 1.2 million people in the UK were diagnosed with COPD, making up roughly 1.9% of the nation’s population.

Ventilators used to diagnose and treat these conditions in adults include built-in compressors, automated humidification, data monitoring, and invasive/non-invasive ventilation systems. The clinical benefits provided by adult ventilators during complicated surgical procedures and the treatment of chronic illnesses will propel market development.

Authors: Mariam Faizullabhoy

Frequently Asked Questions (FAQ) :

Global market size for mechanical ventilators was valued at more than USD 3.3 billion in 2022 and is projected to record over 1% CAGR from 2023 to 2032.

Mechanical ventilators industry share from the hospital segment is anticipated to record more than 1.5% CAGR from 2023 to 2032 giving to the growing use of advanced infrastructure and equipment across healthcare facilities.

European market for mechanical ventilators is anticipated to surpass USD 720 million by 2032 due to a growing awareness of chronic illnesses and emergency care devices like homecare ventilators.

Some of the leading manufacturers of mechanical ventilators include Fisher & Paykel Healthcare Limited, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Medtronic plc, and Koninklijke Philips N.V.

Mechanical Ventilators Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 20
  • Tables & Figures: 923
  • Countries covered: 18
  • Pages: 483
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