How big is the mechanical ventilators market?

The global mechanical ventilator market size was estimated at USD 3.05 billion in 2023 and is expected to reach USD 3.17 billion in 2024.

What is the mechanical ventilators market growth?

The global mechanical ventilator market is expected to witness a compound annual growth rate of 4.90% from 2024 to 2030 to reach USD 4.22 billion by 2030.

Which segment accounted for the largest mechanical ventilators market share?

Critical care ventilators are expected to account for over 38.0% of the overall mechanical ventilator market share by 2023, owing to technological advancements, such as Spontaneous Breathing Trial (SBT) and AutoTrak.

Who are the key companies/players in the mechanical ventilators market?

Some of the key players operating in the mechanical ventilator market include Medtronic; Abbott;; Boston Scientific Corporation; BIOTRONIK; MicroPort Scientific Corporation; Koninklijke Philips N.V.; Stryker; Shenzhen Mindray Bio-Medical Electronics Co., Ltd.; NIHON KOHDEN CORPORATION; Schiller AG; ResMed; Fisher & Paykel Healthcare Limited; Drägerwerk AG & Co. KGaA; Getinge AB; ZOLL Medical Corporation (Asahi Kasei Corporation); Air Liquide; VYAIRE MEDICAL, INC.; GE Healthcare; Hamilton Medical; Smiths Group plc; Allied Medical LLC (A Flexicare Company); aXcent Medical GmbH; Metran Co., Ltd; MAGNAMED; Avasarala Technologies Limited; Airon Corporation; Bio-Med Devices; Hill-Rom (Baxter); HEYER Medical AG; Leistung Engineering Pvt. Ltd.