Mechanical Ventilators Market Share 2022-27: Size, Growth, Opportunity and Forecast

Healthcare

According to the latest report by IMARC Group, titled “Mechanical Ventilators Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global mechanical ventilators market reached a value of US$ 5.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 6.5 Billion by 2027, exhibiting a CAGR of 4.61% during 2022-2027.

A mechanical ventilator, or respirator, is a medical device used to support and maintain adequate lung functions of critically ill patients during surgical procedures. It comprises a hollow endotracheal tube, which is inserted inside the mouth and down the windpipe to connect it with ventilator. Mechanical ventilator aids in providing continuous oxygen supply to patients, eliminating injury caused by aspitration, and assessing static compliance with airway resistance and respiratory system abnormalities as a diagnostic tool. Consequently, they find extensive applications in intensive care units (ICUs) and ambulances to deal with acute lung injury.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Global Mechanical Ventilators Market Trends:

The increasing prevalence of various chronic respiratory diseases, including lung cancer and chronic obstructive pulmonary disease (COPD), especially amongst the geriatric population, is majorly driving the market growth. Additionally, the outbreak of the COVID-19 pandemic significantly facilitated the uptake of mechanical ventilators in hospitals and diagnostic centers to offer respiratory support to patients, which is acting as a major growth-inducing factor. Moreover, the introduction of non-invasive ventilation systems, such as advanced positive airway pressure (PAP) devices with improved battery life, are supporting the market growth. Besides this, significant enhancement in the healthcare infrastructure and extensive research and development (R&D) activities to launch automated ventilations with physiological signal-based and explicit computerized protocols are aiding market growth considerably.

Mechanical Ventilators Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

  • Allied Healthcare Products
  • Air Liquide, Asahi Kasei
  • GE Healthcare Company
  • Hamilton Medical AG
  • Maquet GmbH & Co. KG (Gatenge)
  • Medtronic Plc
  • Mindray Medical International Ltd.
  • Philips Healthcare
  • ResMed
  • Smiths Group Plc
  • Vyaire Medical Inc.

Key Market Segmentation:

Breakup by Product Type:

  • Intensive Care Ventilators
  • Portable/Ambulatory Ventilators
  • Others

Breakup by Interface:

  • Invasive Ventilation
  • Non-Invasive Ventilation

Breakup by Age Group:

  • Pediatric
  • Adult
  • Geriatric

Breakup by Mode of Ventilation:

  • Combined Mode of Ventilation
  • Volume Mode of Ventilation
  • Pressure Mode of Ventilation
  • Other Mode of Ventilation

Breakup by End-Use:

  • Hospitals and Clinics
  • Home Care
  • Ambulatory Care Centers
  • Others

Breakup by Region:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • Middle East and Africa

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Key highlights of the report:                                                           

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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