PUBLISHER: The Business Research Company | PRODUCT CODE: 1675976
PUBLISHER: The Business Research Company | PRODUCT CODE: 1675976
A mechanical ventilator is a machine that assists with breathing by automatically delivering air into and out of the lungs. It is used to support individuals who have difficulty breathing on their own.
In the medical equipment industry, the main types of mechanical ventilators include adult ventilators, pediatric ventilators, and neonatal/infant ventilators. Adult ventilators offer invasive and non-invasive ventilation for adults, while pediatric and neonatal/infant ventilators are designed specifically for younger patients. These mechanical ventilators come in various mobility types, including intensive care ventilators, high-end ICU ventilators, mid-end ICU ventilators, basic ICU ventilators, and portable ventilators. They offer different modes of ventilation, such as invasive ventilation and non-invasive ventilation, and are used by a range of end-users, including hospitals and clinics, home care facilities, ambulatory care centers, emergency medical services, and other healthcare settings.
The mechanical ventilator market research report is one of a series of new reports from The Business Research Company that provides mechanical ventilator market statistics, including mechanical ventilator industry global market size, regional shares, competitors with a mechanical ventilator market share, detailed mechanical ventilator market segments, market trends and opportunities, and any further data you may need to thrive in the mechanical ventilator industry. This mechanical ventilator market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
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.
The enhancement of healthcare infrastructure is anticipated to drive the growth of the mechanical ventilator market. Healthcare infrastructure serves as the foundation for planning, assessing, delivering, and implementing advancements in public health. The COVID-19 pandemic has heightened the demand for readiness in healthcare facilities and increased the necessity for improved medical resources. As a result, many hospitals are expanding their mechanical ventilator capacities to meet urgent needs and avoid shortages of essential medical devices during emergencies. For example, in January 2024, the American Hospital Association, a US-based trade group in the healthcare industry, reported that there are 6,120 hospitals in the United States, with 923 managed by state and local governments. These hospitals collectively offer 916,752 staffed beds to address healthcare requirements across the nation. Therefore, the improvement of healthcare infrastructure is driving the growth of the mechanical ventilator market.
The increasing prevalence of chronic diseases is expected to drive the growth of the mechanical ventilator market in the future. Chronic diseases are broadly defined as conditions that persist for a year or longer, require ongoing medical management, and can interfere with daily activities. Mechanical ventilators assist patients with chronic diseases by monitoring their health status, managing physiological conditions in post-acute, rehabilitation, and chronic cases, and providing acute respiratory support when needed. For example, according to the National Library of Medicine in January 2023, the number of people in the US aged 50 and older with at least one chronic condition is projected to increase by 99.5%, from 71.522 million in 2020 to 142.66 million by 2050. Therefore, the growing prevalence of chronic diseases is a key driver behind the growth of the mechanical ventilator market.
Product innovation is a significant trend in the mechanical ventilator market, with companies investing in research and development to create new products that automate mechanical ventilators based on frequency, assist control, and time, thereby minimizing the workload on the ventilator. For example, in January 2022, OES Medical, a UK-based manufacturer of anesthesia equipment and accessories, introduced the Gemini-G100, an electrically driven piston ICU ventilator. The Gemini-G100 is designed to support intensive care teams worldwide, especially in locations where high-pressure oxygen gas supplies may be problematic. This ventilator only requires electric power and does not rely on the hospital's oxygen supply, making it a versatile and reliable solution for various healthcare settings.
Leading companies in the mechanical ventilator market are prioritizing innovative developments, such as advanced monitoring systems that offer real-time insights into lung mechanics and gas exchange. Advanced monitoring utilizes sophisticated technologies and methods to track, analyze, and manage various processes in real-time. For example, in February 2024, Getinge, a healthcare company based in Sweden, introduced the Servo-C mechanical ventilator to the Indian market, with the goal of improving respiratory care for both pediatric and adult patients. This new mechanical ventilator provides essential functionalities for safe and efficient personalized respiratory treatments. Its modular design facilitates smart fleet management, ensuring operational uptime and cost-effectiveness without the need for proprietary disposables. Notable features include CO2 monitoring and advanced visualization tools, enhancing insights into lung mechanics. This initiative aims to make advanced healthcare solutions more accessible and affordable for hospitals throughout India.
In October 2024, ZOLL Medical Corporation, a US-based manufacturer of medical equipment, acquired the Vyaire Ventilator Product Lines for an undisclosed sum. This acquisition is intended to strengthen ZOLL's offerings in the respiratory care sector, particularly in the area of advanced ventilator solutions. Vyaire Medical, Inc. is also a US-based company specializing in medical equipment manufacturing.
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, Drager, 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
North America was the largest region in the mechanical ventilator market in 2024. The regions covered in the mechanical ventilator market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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.
The mechanical ventilator market consists of sales of negative pressure ventilators and positive pressure ventilators. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Mechanical Ventilator Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on mechanical ventilator market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for mechanical ventilator ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The mechanical ventilator market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.