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Ventilator Market

Ventilator Market By Type (Invasive, Non-invasive), Mobility (Intensive Care, Portable), End User (Hospitals, Ambulatory Care Center, Home Care, and Others), and Region – Industry Analysis and Forecast 2033

Base Year: 2022

Historical Data: 2018-2021

Report ID: TRI38

Published : Jan 2023

Pages : 114

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Market Highlights

The global ventilator market is expected to grow from USD 4.89 billion in 2023 to USD 9.36 billion by 2033 at a CAGR of 6.72%.

Ventilator Market CAGR

2023-2033

Ventilator Market
CAGR OF
6.72%
Ventilator Market
62d2ca698a958e0634cec8209ac6eb87.png
North America Europe Asia Pacific Middle East Africa 2022 2023 2033 6.72%


A ventilator is a medical device used to support patients with respiratory difficulties. The device enables the patient to breathe easily by moderating respiratory rate and delivers oxygen-containing gases into the lungs. Thus, helps in boosting the hypoxia and CO2 retention levels. The recent pandemic outbreak of COVID-19 across the globe pose to have a greater impact in the ventilator market as most of the COVID-19 patients show symptoms of respiratory tract infection and are in need of prompt ventilator care. This impact of COVID-19 is anticipated to increase the overall market size, worldwide.
This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the market. The historic years considered for the study are 2018-2021, the base year is 2022, the estimated year is 2023, and the forecast period is 2023-2033.


Ventilator Market: Market Dynamics

The unprecedented outbreak of COVID 19 pandemic has led to a sudden drastic demand for ventilators, globally. According to the statistics, published by the Society of Critical Care Medicine, around 160,000 units of ventilators have been utilized in the US in the first quarter of 2020.
Also, an increase in the prevalence of respiratory disorders such as chronic obstructive pulmonary disorder (COPD), bronchial asthma, and others due to increase pollution can act as a driving force behind the growing demand of the market. 
In addition, the rise in the elderly population, pre-mature birth rate, and government initiative towards advancement in the healthcare sector, further propel the growth of the overall market. 
However, mechanical malfunctioning, lack of trained medical staff, side effects such as ventilator-associated pneumonia, high cost, lack of awareness about neonatal ventilators are some of the factors that restrain the growth of the overall market.


Ventilator Market: Segmental Analysis

Ventilator Market

By End User

Hospitals
Ambulatory Care Center
Home Care
Others
2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 18 16 14 12 10 8 6 4 2 0 XX XX XX XX XX XX XX XX XX XX XX
The Market will Grow
At the CAGR of:
6.72%
The Forecast Market
Size for 2033 in USD:
$9.36B
62d2ca698a958e0634cec8209ac6eb87.png

 

The global ventilator market is classified into type, mobility, end-user, and region.
Based on type, the market is segmented into invasive and non-invasive. The invasive ventilator segment accounted for the larger market share in 2023, which is anticipated to continue with its position by the end of 2033.

Ventilator Market

By Type

The Research Intellica XX%
Invasive
Non-invasive
62d2ca698a958e0634cec8209ac6eb87.png
4.89
Total Market Size
USD (Billion), 2023
6.72%
CAGR
2023 - 2033


Based on mobility, the market is segregated into intensive care and portable. Intensive care dominated the market in 2023, which is anticipated to continue dominating by 2033. 
However, the demand for low cost, user-friendly, and flexible portables also will grow at a faster pace during the forecast period.
Based on end-user, the market is segmented into hospitals, ambulatory care center, home care, and others. The hospital segment dominated the market in 2023 which is anticipated to continue dominating by 2033, due to burgeoning in the geriatric and adult population.


Ventilator market: Regional Analysis

Ventilator Market

By Region

EUROPE $ XX
The Market will Grow
At the CAGR of:
6.72%
The Forecast Market
Size for 2033 in USD:
$9.36B
62d2ca698a958e0634cec8209ac6eb87.png


Geographically, the market is classified into North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.
North America is the leading market for the market and is also anticipated to be the largest revenue-generating region during the forecast period. The prevalence of respiratory diseases and rising healthcare awareness are the major factors driving the market in the region. 
To combat the current COVID-19 pandemic, Europe could only meet 10% of the demand. According, to the European Commission, the country is focusing on domestic production capacity and its import. This demand is expected to increase the European market share during the forecast period.
However, Asia-Pacific is expected to witness the highest CAGR during the forecast period, due to the growing emerging economies such as China and India and also due to an increase in COVID-19 cases, the prevalence in chronic respiratory disorders, rising healthcare expenditure, development in infrastructure and healthcare policies.


Ventilator Market: Competition Scenario 

Key players of ventilator market are Koninklijke Philips N.V, ResMed, Medtronic plc, Becton, Dickinson and Company, Getinge AB, Dragerwerk AG, Smiths Group plc, Hamilton Medical, GE Healthcare, and Air Liquide S.A.

 

Critical Questions Answered in the Report

•    What are the key trends in the market?
•    How the market (and its various sub segments) has grown in last four years and what would be the growth rate in next five years?
•    What are the key strategies adopted by the major vendors to lead in the market?
•    What is the market share of the top players?

 

Research Methodology

The research study extensively uses both secondary and primary research methodologies. More than 200 industry leaders from various phases of the value chain (demand side, supply side, resellers/distributors, and other independent consultants) were interviewed to gain crucial insights about this market and validate the research findings. Secondary sources referred for the research study include company websites, annual reports, paid database tools, investor presentations, webinars, blogs, news/journals, whitepapers, survey papers, associations, and government websites. All the collected data and insights were then processed using our proprietary data mining software that executes various algorithms to make projections for the forecast period.

Ventilator Market Scope:

Report DataVentilator Market 
Ventilator Market Forecast Value 2033 9.36Billion
Ventilator Market CAGR 2023 - 20336.72%
Ventilator Market Forecast Period2023 - 2033
Ventilator Market Base Year2022
Regional ScopeNorth America, Europe, Asia Pacific, South America, and Middle East & Africa
Key Companies ProfiledKoninklijke Philips N.V, ResMed, Medtronic plc, Becton, Dickinson and Company, Getinge AB, Dragerwerk AG, Smiths Group plc, Hamilton Medical, GE Healthcare, and Air Liquide S.A..
Key Segments

By Type
Invasive
Non-invasive

By Mobility
Intensive Care
Portable

By End User
Hospitals
Ambulatory Care Center
Home Care
Others

By Region
North America
Europe
Asia-Pacific
South America
Middle-East & Africa

Report CoverageMarket Sizing, Market Forecasting, Market Dynamics, Market Trends, Market Development Analysis, Market Share Analysis, Regional Analysis, Competitive Positioning, Competitive Benchmarking, Competitive Landscape, Company Profiling, Regulation Analysis, etc.

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