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Mechanical Ventilators Market size to exceed $3.4 Bn by 2032

  • Published Date: February 17, 2023

Mechanical Ventilators Market size is anticipated to surpass USD 3.4 billion by 2032, according to a new research report by Global Market Insights Inc.

Growing healthcare spending, particularly in developed nations, will present lucrative growth opportunities for mechanical ventilator suppliers and manufacturers. Healthcare spending across the globe has increased since the beginning of the COVID-19 pandemic. Demand for quality healthcare services and improved health outcomes would boost the sales of mechanical ventilators across healthcare facilities.

Advancements in portable mechanical ventilators

Mechanical ventilators market share from the portable ventilators segment is anticipated to grow at 3% CAGR from 2023 to 2032. Emergency medical services use portable ventilators to provide the best therapy possible to patients while they are being transported. Advanced portable ventilators offer high-flow oxygen therapy, improved ventilation modes, and digital solutions.

New product launches in the segment by leading companies are expected to influence market gainsThe advanced ventilator can be used in homes, hospitals or portable applications for both non-invasive and invasive ventilation. It is also one of the first with the added benefit of high-flow oxygen therapy.

Rising cases of cardiac arrests to drive ventilator use for resuscitation application

Mechanical ventilators market share from the resuscitation application segment is predicted to reach USD 1.6 billion by 2032. Factors like the aging population, greater access to healthcare, a high prevalence of lifestyle disorders, and an increase in respiratory illnesses are expected to drive this revenue. Increased cardiac arrests and other serious heart comorbidities have increased the demand for mechanical ventilators. According to data from the American Heart Association of 2022, more than 356,000 out-of-hospital cardiac arrests happen annually in the United States.

Browse key industry insights spread across 483 pages with 905 market data tables & 18 figures & charts from the report, “Mechanical Ventilators Market Size By Product (Intensive Care Ventilators {High-end, Mid-end, Basic-end}, Portable Ventilators), By Interface (Invasive Ventilation, Non-invasive Ventilation {CPAP, BiPAP, APAP}), By Ventilator Type (Adult Ventilators, Neonatal Ventilators), By Application (Resuscitation, Homecare Applications, Emergency/Transport, Sleep Apnea Therapy, Anesthesiology, Clinical Applications), By Mode (Combined Mode Ventilator, Control Mode Ventilator, Pressure Mode Ventilator), By End-use (Hospitals, Ambulatory Surgical Centers, Homecare), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2023 – 2032” in detail along with the table of contents:

Use of pressure mode ventilators for monitoring breathing pattern

Mechanical ventilators industry share from the pressure mode ventilation segment is expected to cross USD 1.55 billion by 2032. The multiple benefits, such as prolonged alveolar recruitment, resistance to barotrauma, and elevated mean airway pressure, fuel the adoption of this method. This mode generates a positive pressure that allows the patient to breathe.

The patient's breathing patterns and condition can be monitored using pressure mode ventilation, which gives access to airway resistance and lung compliance data. This mode is frequently used to support ventilation in patients with severe respiratory failure, hypercapnia, and hypoxemia.

Ambulatory surgical centers offer cost-efficient treatments

Mechanical ventilators market share from the ambulatory surgical centers end-use segment is estimated to cross USD 798 million by 2032. This development is largely attributable to a number of causes, such as the rising popularity of specialized ambulatory surgery clinics that provide all-inclusive care, post-treatment care, greater cost, and short waiting times, among others.

Additionally, the growing popularity of ambulatory surgery centers due to their cost and convenience is anticipated to fuel product adoption. These clinics offer fast support, top-notch mechanical ventilators, and facilities, ensuring the best treatment results while yet being reasonably priced to win over patients' preferences.

Rising healthcare expenditure to foster North America mechanical ventilators industry progress

North America mechanical ventilators market held around 28% share in 2022 and is set to grow at a sustainable pace over the forecast years. Rising healthcare costs and the increasing use of modern mechanical ventilators will accelerate regional market expansion. Frequent improvements in mechanical ventilators and the introduction of the sophisticated interface will promote product adoption. The introduction of multiple established competitors in the region will shape the future of the North America mechanical ventilators industry.

Competitive landscape of the global mechanical ventilators industry

Some of the prominent players in the worldwide mechanical ventilators market include Koninklijke Philips N.V., Fisher & Paykel Healthcare Ltd, Air Liquide, Smiths Group plc, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., General Electric, Medtronic plc, and Getinge AB, among others.

Authors: Rupali Swain, Subodh Kharad