The global ventilators market was worth USD 2,083.6 Million in 2019 and is predicted to reach USD 3,932.9 Million by 2026, increasing at a CAGR of 9.5%.
The report covers forecast and analysis for the ventilators market on a global and regional level. The study provides historic data from 2016 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Million). The study includes drivers and restraints for the ventilators market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the ventilators market on a global as well as regional level.
In order to give the users of this report a comprehensive view on the ventilators market we have included competitive landscape and analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein usage and end-use segment are benchmarked based on their market size, growth rate and general attractiveness.
The report provides company market share analysis in order to give a broader overview of the key players in the ventilators market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new product launch, agreements, partnerships, collaborations & joint ventures, research & development, regional expansion of major participants involved in the ventilators market on global and regional basis.
Advances in performance, construction and health have resulted in major advantages, such as improved weaning, better gas exchange, oxygenation and less damage to the lungs. Rapid growth in geriatric population that are more vulnerable to respiratory disorders and high prevalence of chronic respiratory diseases contributes mainly to the growth of the ventilator market. Increasing government spending on healthcare internationally also encourages the growth of companies. In addition, factors such as the harmful effects of certain devices on neonates, the maintenance of supply chains for components, and the complications associated with the use of ventilators are likely to hinder market growth during the forecast period.
The global market for the ventilators is segmented into mobility, interface, type, end user, and region. Based on the mobility, the global market for ventilators is segmented into portable/ transportable ventilators, and intensive care ventilators. The segment for intensive care ventilators is further divided into mid-end, high end and basic ICU ventilators. On the basis of type, the market is categorized into neonatal/ infant ventilators, pediatric ventilators, and adult ventilators. On the basis of end user, the market is categorized into ambulatory care centers, emergency medical services (EMS), hospitals, home care setting, and others. On the basis of interface, the market is categorized into invasive ventilation, and non-invasive ventilation.
The report also includes detailed profiles of key players such as Drager, Medtronic, Fisher & Paykel, Becton, Dickinson and Company, Air Liquide, Airon Mindray, Zoll Medical, Allied Healthcare Products, Getinge, and Schiller among others.
This report segments the ventilators market as follows:
Global Ventilators Market: By Mobility
Global Ventilators Market: By Type
Global Ventilators Market: By Interface
Global Ventilators Market: By End User
Global Ventilators Market: By Region
Global demand for ventilators market was valued at approximately USD 2,083.6 Million in 2019, and is expected to generate revenue of around USD 3,932.9 Million by end of 2026, growing at a CAGR of around 9.5% between 2020 and 2026
Some of the Industry players are Drager, Medtronic, Fisher & Paykel, Becton, Dickinson and Company, Air Liquide, Airon Mindray, Zoll Medical, Allied Healthcare Products, Getinge, and Schiller.
Geriatric population, urbanization, increased rates of pollution, and rising incidences of premature births are some of the factors likely to drive the market growth of ventilators. Moreover, the advent of COVID-19 has overwhelmed countries such as the intensive care units across the world.
The demand for ventilators is dominated by North America followed by Europe. Furthermore, the increased incidence of chronic obstructive pulmonary disease (COPD) in the Asia Pacific region is a key contributor to the region's market growth.