Mechanical Ventilator Market Size, Share & Trends Report

Mechanical Ventilator Market Size, Share & Trends Analysis Report By Product (Critical Care, Neonatal, Transport & Portable), By Region, And Segment Forecasts, 2020 - 2027

  • Published Date: May, 2020
  • Base Year for Estimate: 2019
  • Report ID: 978-1-68038-543-4
  • Format: Electronic (PDF)
  • Historical Data: 2016 - 2018
  • Number of Pages: 150

Report Overview

The global mechanical ventilator market size was valued at USD 2.1 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 3.7% from 2020 to 2027. The unprecedented dawn of COVID19 is anticipated to increase the demand by leaps and bounds for the mechanical ventilators. As per the Society of Critical Care Medicine, the current stock of hospital ventilators in U.S. is around 160,000 units in the 2020 Q1. An additional stockpile of 12,700 with Strategic National Stockpile (SNS) would be made available in the grim situations. Over 1.0 million active COVID-19 cases as of today, and an estimated 960,000 Americans needing mechanical help to breathe during the pandemic as per American Association for Respiratory Care, mechanical ventilators are anticipated to experience sudden spike in the demand over the coming few months.

North America mechanical ventilator market size

Increase in incidence of Chronic Obstructive Pulmonary Disease (COPD), rapid growth in the geriatric population, technological innovation, and rise in the incidence of respiratory emergencies in respiratory care devices are the major factors that will drive the market over the forecast period. The evolution of patient-friendly, cost-effective, and portable devices further encourage their usage.

To restrict the spread of this pandemic, governments in various countries have implemented strict measures including social distancing. In a welcome move, the U.S. FDA temporarily waived off its enforcement and inspection requirements, which would be helpful for cross industry manufacturers to fabricate much needed components for ventilators and other critical care equipment. Supportive and timely regulatory policies by the government are anticipated to provide a growth platform for this market in the coming financial year; thereby, affecting the growth rate over the forecast year.

Extensive evolution mechanical ventilators in terms of efficiency, design, safety resulted in many significant benefits such as improved weaning, better gas exchange, better oxygenation, and least damage to the lungs. Integration of high-speed signal processing and on-board intelligent firmware in mechanical ventilation has resulted in offering other benefits such as minimal side effects and lower adverse effect on systemic and pulmonary circulation.

The growing global base of geriatric population is expected to enhance the application of mechanical ventilators, which in turn, is fueling the growth of the market. As per the report published by United Nations in 2017, the global geriatric population was around 962.0 million and by 2050 it is anticipated to grow more than double to reach an estimated population of over 2.1 billion. Increasing geriatric population base requiring long term ventilation is expected to drive the demand for healthcare facilities offering long-term treatment for chronic respiratory conditions.

Increasing need for emergency treatment for prolonged illnesses and protracted treatment associated with lung diseases in children as well as adults are expected to drive the growth of the mechanical ventilator market. COPD and sleep apnea is attributed to greater susceptibility of the geriatric population as a consequence of different immunological conditions. Also, the prevalence of COPD and sleep apnea is almost twice in the elderly population in the age group of 70 years to 80 years.

Product Insights

In terms of revenue, critical care mechanical ventilators dominated the market with a share of 40.9% in 2019, due to high adoption and installation rate in hospitals. Critical care mechanical ventilators are majorly used in hospital’s intensive care units. The rise in number of hospitals over the forecast period is expected to sustain market growth. The demand for transport and portable mechanical ventilator is experiencing steep growth owing to their efficiency in variety of applications in different care delivery settings. The application of transport and portable mechanical ventilators ranges from home care to ambulatory centers.

Growth in the market for point-of-care treatment and increase in cases of medical emergencies are vital drivers of the segment. Hospitals are encouraging the usage of portable mechanical ventilators to provide convenient and faster care to patients from ambulance to hospital bed. Portable mechanical ventilators prompt the patients to adopt home care, hence increasing its popularity. Production and technological system upgradation leading to the development of highly compact, robust, and smaller mechanical ventilators providing high performance are expected to drive the growth of the segment. The neonatal population growth would be driven due to increase in the fertility rate of women and increase in the age of child bearing with various races.

Global mechanical ventilator market share

Regional Insights

North America dominated the mechanical ventilators market with a share of 31.7% in 2019 and anticipated to gain 59.0% in 2020. Soaring number of serious critical COVID 19 patients in U.S. (16,514 as of 11 May 2020) along with presence of leading manufacturers is attributed to this dominance.Additionally, the U.S. automotive giants like Tesla, Ford, and GM have switched to production of medical supplies such as masks, mechanical ventilators, and other medical devices. This, in turn, is further expected to provide significant growth trajectory to this regional market in the next financial quarters.

In Asia Pacific, the market is anticipated to witness significant growth rate over the forecast period owing to increasing cases of COVID 19, chronic respiratory diseases, rising healthcare expenditure, and various collaborations and strategic agreements. For instance, Air Liquide, in 2017, acquired OxyMaster and Sogo Sangyo Kabushiki Kaisha to expand the household healthcare product portfolio across Asia Pacific.

Also, the growth within this region is attributed to the development of infrastructure and healthcare policies promoting better care provision to individuals. The rising trend of lifestyle habits such as smoking and genetic allergy developments expediting the number of cases of respiratory disorders further promotes market growth. China’s Five Year Plan from 2016 includes various healthcare reforms that support the expansion of the market within the region. Over the next seven years, according to various economic reports, the healthcare spending per capita is expected to rise for developing nations of the continent, providing a lucrative profit for the market.

Key Players & Market Share Insights

Manufacturers are bracing up to multiply the production capacity to meet the global rising demand to overcome COVID-19 disease outbreak as follows:

  • The German manufacturer Drägerwerk AG & Co. received an order of around 10,000 ventilators from the government of U.K., which is equal to its annual production capacity.

  • Hamilton Medical has accelerated normal production of some 15,000 mechanical ventilators annually by 30.0% - 40.0% and is now producing about 80 mechanical ventilators daily. This company shipped around 400 ventilators to Italy in March 2020.

  • Siare Engineering International Group s.r.l., an Italy-based ventilator manufacturer, is working with 25 army technicians to ramp up its production to meet the unprecedented demand for mechanical ventilators in the country.

  • Moreover, automobile manufacturers are offering their assembly lines to aid in production of ventilators. For example, Tesla and Medtronic and General Motors and Ventec Life Systems are teaming up for production of mechanical ventilators.

Some of the prominent players in the mechanical ventilator market include:

  • Medtronic

  • Allied Healthcare

  • GE Healthcare

  • Ventec Life Systems

  • Smiths Medical

Mechanical Ventilator Market Report Scope

Report Attribute


Market size value in 2020

USD 18.6 billion

Revenue forecast in 2027

USD 21.9 billion

Growth Rate

CAGR of 3.7% from 2020 to 2027

Base year for estimation


Historical data

2016 – 2018

Forecast period

2020 – 2027 and 2020 (Q1, Q2, Q3, Q4)

Quantitative units

Revenue in USD million and CAGR from 2020 to 2027

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Product, region

Regional scope

North America; Europe; Asia Pacific; Latin America; MEA

Country scope

U.S.; Canada; U.K.; Germany; France; Italy; Spain; China; India; Japan; Thailand; South Korea; Mexico; Brazil; Colombia; Argentina; South Africa; Saudi Arabia; UAE

Key companies profiled

Medtronic; Allied Healthcare; GE Healthcare; Ventec Life Systems; Smiths Medical

Customization scope

Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2027. For the purpose of this study, Grand View Research has segmented the global mechanical ventilator market report on the basis of product and region:

  • Product Outlook (Revenue, USD Million, 2016 - 2027)

    • Critical care

      • Ventilators

      • Accessories  

    • Neonatal

      • Ventilators

      • Accessories              

    • Transport & portable

      • Ventilators

      • Accessories  

    • Others 

  • Regional Outlook (Revenue, USD Million, 2016 - 2027)

    • North America

      • U.S.

      • Canada

    • Europe

      • U.K.

      • Germany

      • France

      • Italy

      • Spain

    • Asia Pacific

      • India

      • China

      • Japan

      • Thailand

      • South Korea

    • Latin America

      • Brazil

      • Mexico

      • Argentina

      • Colombia

    • Middle East & Africa

      • South Africa

      • Saudi Arabia

      • UAE

Frequently Asked Questions About This Report

Pricing & Purchase Options

Buy Chapters or Sections

Avail customized purchase options to meet your exact research needs:

  • Buy sections of this report
  • Buy country level reports
  • Request for historical data
  • Request discounts available for Start-Ups & Universities

Why Choose Us

  • Research support

    24/5 Research support

    Get your queries resolved from an industry expert.

  • Custom research service

    Custom research service

    Design an exclusive study to serve your research needs.

  • Quality assurance

    Quality assurance

    A testimonial for service in the form of BBB "A" Accreditation.

  • BBB Rating dandb
  • Information security

    Information security

    Your personal and confidential information is safe and secure.

  • grand view research PCI DSS complaint grand view research paypal verified