GVR Report cover Mechanical Ventilator Market Size, Share & Trends Report

Mechanical Ventilator Market Size, Share & Trends Analysis Report By Product (Critical Care, Neonatal, Transport & Portable), By Ventilation Mode (Invasive, Non-invasive), By End-use, By Region, And Segment Forecasts, 2024 - 2030

  • Report ID: 978-1-68038-543-4
  • Number of Pages: 150
  • Format: Electronic (PDF)
  • Historical Range: 2018 - 2023
  • Industry: Healthcare

Mechanical Ventilator Market Size & Trends

The global mechanical ventilator market was valued at USD 3.0 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 4.9 % from 2024 to 2030. The increasing prevalence of chronic respiratory conditions such as chronic obstructive pulmonary disease (COPD), acute respiratory distress syndrome, asthma, obstructive sleep apnea, exertional dyspnea, and pulmonary embolism is fueling the market growth. As of October 2023, National Council on Aging data indicates that Obstructive Sleep Apnea (OSA), characterized by irregular breathing and reduced oxygen supply to the brain, affects about 39 million adults in the U.S. and an estimated 936 million globally.

U.S. Mechanical Ventilator Market size and growth rate, 2024 - 2030

Furthermore, intensive research and development efforts focused on respiratory interventions and the introduction of innovative devices are anticipated to offer lucrative growth opportunities for the market in the coming years. Major players in the market are directing investments towards the development of cost-effective mechanical ventilators, with a favorable regulatory environment further facilitating market expansion. For instance, in July 2022 -Nihon Kohden OrangeMed, Inc. received U.S. FDA clearance for the NKV-330 Ventilator System. This system is non-invasive and provides respiratory support in emergencies.

Market Concentration & Characteristics

The mechanical ventilator market is currently experiencing moderate growth with an accelerating pace, propelled by factors including a growing geriatric population, a substantial patient pool with respiratory disorders, and the introduction of technological advanced devices. For example, in August 2023, Getinge received U.S. FDA clearance for its non-invasive wall gas independent mechanical ventilator, Servo-air Lite.

Mechanical Ventilator Market Concentration & Characteristics

In the market, a noteworthy emphasis has been placed on innovation to enhance patient comfort, compliance, efficacy, and overall treatment outcomes. The integration of smart technology and digital sensors plays a pivotal role in augmenting therapy management, contributing significantly to the market's momentum.

Mechanical ventilator industry is witnessing an upswing in mergers and acquisitions, with companies strategically utilizing multiple acquisitions to bolster product portfolios, extend their global presence, diversify offerings, integrate technologies, and strengthen their positioning within the industry.

The prevalence of respiratory disorders globally introduces opportunities and competitive dynamics across various regions. Markets such as United Kingdom (UK), Germany, France, Italy, and Spain are experiencing growth propelled by factors such as aging populations, lifestyle influences, healthcare reforms, and regulatory standardization. In contrast, the well-established markets in the U.S. and Canada exhibit high COPD prevalence rates and sophisticated healthcare systems.

Product Insights

The transport and portable mechanical ventilator segment held the largest market share of 38.51% in 2023 and is anticipated to grow at the fastest CAGR of 5.4% from 2024 to 2030.The market growth can be attributed to the efficiency of mechanical ventilators in various applications across diverse care delivery settings. The evolution of cost-effective, patient-friendly, and portable devices further fuels their increasing adoption. For instance, in May 2022, Max Ventilator introduced non-invasive ventilators featuring humidifiers and oxygen therapy capabilities, demonstrating versatility in applications for both adult and neonatal care.

Portable ventilators have diverse applications, ranging from home care to ambulatory centers. The market for point-of-care treatment is expanding, driven by an increase in medical emergencies, serving as a key factor for the growth of this segment. Hospitals are proactively promoting portable ventilators that facilitate swift and convenient patient care, ensuring seamless transitions from ambulances to hospital beds. Moreover, the accessibility of portable ventilators is fostering a trend toward home care, gaining popularity among patients seeking flexible healthcare options.

Ventilation Mode Insights

The non-invasive ventilation mode segment held the largest market share of 57.7% share in 2023. The segment is anticipated to witness the fastest growth at a CAGR of 5.1 from 2024 to 2030. The growth of the segment is attributed to its wide range of applications and its ability to provide precise and higher concentrations of oxygen. The delivery of non-invasive ventilation is made possible with advanced intensive care ventilators that offer various respiratory support modes.

Extensive research and development investments, combined with rising per capita income, are driving the growth of the healthcare sector. The surge in the prevalence of respiratory diseases is a key factor fueling the overall market growth for Continuous Positive Airway Pressure (CPAP) devices. These devices are crucial in emergency settings and hospitals, serving as an efficient oxygen source for patients facing respiratory challenges. Furthermore, CPAP devices provide vital oxygen support to patients undergoing heart treatments. These factors collectively contribute to the anticipated market growth over the forecast period.

End-use Insights

In 2023, the hospitals segment held the largest market share, owing to the increasing expenditure of hospitals on technologically advanced ventilators. Furthermore, the availability of skilled healthcare providers to operate these ventilators and the emphasis on better health outcomes contributed to the segment growth. Additionally, patients are more likely to prefer healthcare facilities that offer constant monitoring from hospital staff, which further boosts the market growth.

Global Mechanical Ventilator Market share and size, 2023

Moreover, the home healthcare segment is expected to witness the fastest growth from 2024 to 2030 owing to the increasing number of government initiatives aimed at curbing healthcare expenditures by promoting home healthcare support the market growth. In addition, value-based healthcare is another major factor contributing to market growth. In the U.S., Medicare reimbursements are highly favorable in providing value-based healthcare for improved patient outcomes at a low cost.

Regional Insights

North America dominated the market with a revenue share of over 43.21% in 2023. The increasing prevalence of respiratory conditions, such as Chronic Obstructive Pulmonary Disease (COPD), asthma, and sleep apnea, is driving the therapeutic respiratory devices market in the region. According to an article published by the American Lung Association in February 2023, over 34 million U.S. individuals suffer from chronic lung diseases, including COPD, asthma, chronic bronchitis, and emphysema. Moreover, key market players, such as GE Healthcare; CAIRE, Inc.; Koninklijke Philips N.V.; Invacare, Medtronic, and React Health, are employing strategies, such as acquisitions, collaborations, expansions, & new product launches, to extend their product offerings and geographical reach.

Mechanical Ventilator Market Trends by Region, 2024 - 2030

The Asia Pacific region is anticipated to witness significant growth at a CAGR of 7.0% over the forecast period. The segment growth is attributed to the high burden of respiratory disorders and high risk of lifestyle factors such as smoking, allergies resulting into several respiratory conditions. In addition, government initiatives to boost ventilators production and collaborations between the manufacturers to manufacture advanced ventilators to meet high demand is also propelling region’s growth.

Key Mechanical Ventilator Company Insights

The competitive landscape of the market features key players such as ResMed, Koninklijke Philips N.V., and Fisher & Paykel Healthcare. These industry leaders are actively engaged in strategic initiatives, including mergers and acquisitions, to strengthen their market positions.

A notable example is the partnership formed in August 2023 between Medline, a prominent U.S.-based medical supplies and devices manufacturer, and Flight Medical, an Israeli respiratory device manufacturer. Within this collaboration, Medline exclusively offers the Flight 60 transportable ventilator. This advanced device seamlessly transitions between invasive and non-invasive ventilation modes, addressing the ventilation needs of high-acuity patients. Notably, the ventilator's portability and durability make it suitable for a diverse range of patients, from pediatric to adult cases

Key players in the market employ various strategies, including mergers and acquisitions, product launches, expansion into emerging economies, and enhancing service networks, to strengthen their market positions. For instance,

  • In January 2023, CAIRE Inc., a global manufacturer of oxygen therapy and on-site generation systems, acquired MGC Diagnostics Holdings, Inc., a company headquartered in St. Paul, Minnesota. The acquisition strengthened CAIRE's presence in and commitment to diagnostic technologies, further enhancing its proficiency in catering to patients at all stages of pulmonary disease progression.

  • In November 2022, CAIRE Inc.’s FreeStyle Comfort portable oxygen concentrator was authorized for reimbursement in France and Germany, enhancing patient access. The company expanded its oxygen therapy modalities product portfolio through this launch.

Key Mechanical Ventilator Companies:

The following are the leading companies in the mechanical ventilator market. These companies collectively hold the largest market share and dictate industry trends. Financials, strategy maps & products of these mechanical ventilator companies are analyzed to map the supply network.

  • Medtronic
  • Abbott
  • Boston Scientific Corporation
  • BIOTRONIK
  • MicroPort Scientific Corporation
  • Koninklijke Philips N.V.
  • Stryker
  • 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.
  • Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
  • NIHON KOHDEN CORPORATION
  • CSchiller AG

Recent Developments

  • In January 2023, Getinge launched its latest mechanical ventilator, the Servo-c, which provides lung-protective therapeutic capabilities for pediatric and adult patients. The Servo-c utilizes modular parts, facilitating intelligent fleet management. This ensures optimal uptime and reduces costs, eliminating the necessity for proprietary disposables. Moreover, the Servo-c is equipped with CO2 monitoring and Servo Compass technology.

  • In October 2021, Movair, a respiratory therapy company, launched Luisa, an advanced ventilator designed for diverse settings such as homes, hospitals, institutions, and portable applications. The U.S. commercial launch of Luisa comes in response to the growing demand for reliable and safe ventilators. Luisa is eligible for use under the FDA's Emergency Use Authorization.

Mechanical Ventilator Market Report Scope

Report Attribute

Details

Market size value in 2024

  USD 3.2 billion

Revenue forecast in 2030

USD 4.2 billion

Growth rate

CAGR of 4.9 % from 2024 to 2030

Actual data

2018 - 2023

Forecast period

2024 - 2030

Report updated

February 2024

Quantitative units

Revenue in USD million and CAGR from 2024 to 2030

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends, clinical trials outlook, volume analysis

Segments covered

Product, ventilation mode, end-use, region

Regional scope

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

Country Scope

U.S.; Canada; UK; Germany; Italy; France; Spain; Denmark; Sweden; Norway; Japan; China; India; South Korea; Australia; Thailand; Brazil; Mexico; Argentina; South Africa; Saudi Arabia; UAE; Kuwait

Key companies profiled

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.

Customization scope

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

Pricing and purchase options

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

 

Global Mechanical Ventilator Market Report Segmentation

This report forecasts revenue growth and provides an analysis on the latest trends in each of the sub-segments from 2018 to 2030. For the purpose of this report, Grand View Research has segmented the global mechanical ventilator market on the basis of product, ventilation mode, end-use, and regions:

Global Mechanical Ventilator Market Report Segmentation

  • Product Outlook (Revenue, USD Million, 2018 - 2030)

    • Critical care

      • Ventilators

      • Accessories  

    • Neonatal

      • Ventilators

      • Accessories  

    • Transport & portable

      • Ventilators

      • Accessories  

    • Others

  • Ventilation Mode Outlook (Revenue, USD Million, 2018 - 2030)

    • Invasive

    • Non-invasive

      • CPAP

      • BiPAP

      • Others

  • Mechanical Ventilator End-use Outlook (Revenue, USD Million, 2018 - 2030)

    • Mechanical Ventilator Hospitals

    • Home healthcare

    • Others

  • Mechanical Ventilator Regional Outlook (Revenue, USD Million, 2018 - 2030)

    • North America

      • U.S.

      • Canada

    • Europe

      • UK

      • Germany

      • France

      • Italy

      • Spain

      • Denmark

      • Sweden

      • Norway

    • Asia Pacific

      • Japan

      • China

      • India

      • South Korea

      • Australia

      • Thailand

    • Latin America

      • Brazil

      • Mexico

      • Argentina

    • Middle East & Africa

      • South Africa

      • Saudi Arabia

      • UAE

      • Kuwait

Frequently Asked Questions About This Report

Table of Contents

Chapter 1. Methodology and Scope
                    1.1. Market Segmentation & Scope
                    1.2. Segment Definitions
                        1.2.1. Product Type
                        1.2.2. End Use
                        1.2.3. Regional scope
                        1.2.4. Estimates and forecasts timeline
                    1.3. Research Methodology
                    1.4. Information Procurement
                        1.4.1. Purchased database
                        1.4.2. GVR’s internal database
                        1.4.3. Secondary sources
                        1.4.4. Primary research
                        1.4.5. Details of primary research
                            1.4.5.1. Data for primary interviews in North America
                            1.4.5.2. Data for primary interviews in Europe
                            1.4.5.3. Data for primary interviews in Asia Pacific
                            1.4.5.4. Data for primary interviews in Latin America
                            1.4.5.5. Data for Primary interviews in MEA
                    1.5. Information or Data Analysis
                        1.5.1. Data analysis models
                    1.6. Market Formulation & Validation
                    1.7. Model Details
                        1.7.1. Commodity flow analysis (Model 1)
                        1.7.2. Approach 1: Commodity flow approach
                        1.7.3. Volume price analysis (Model 2)
                        1.7.4. Approach 2: Volume price analysis
                    1.8. List of Secondary Sources
                    1.9. List of Primary Sources
Chapter 2. Executive Summary
                    2.1. Market Outlook
                    2.2. Segment Outlook
                        2.2.1. Product Type outlook
                        2.2.2. Ventilator Mode Outlook
                        2.2.3. End Use Outlook
                        2.2.4. Regional outlook
                    2.3. Competitive Insights
Chapter 3. Mechanical Ventilator Market Variables, Trends, & Scope
                    3.1. Market Lineage Outlook
                        3.1.1. Parent Market Outlook
                        3.1.2. Ancillary Market Outlook
                    3.2. Market Dynamics
                        3.2.1. Market Driver Analysis
                            3.2.1.1. Increasing In Prevalence Of Respiratory Diseases
                            3.2.1.2. Technological advancement
                            3.2.1.3. Increasing Number Of Government Initiatives
                        3.2.2. Market Restraint Analysis
                            3.2.2.1. Capital Intensive Nature
                            3.2.2.2. Product Recall And Failure
                    3.3. Mechanical Ventilator Market Analysis Tools
                        3.3.1. Industry Analysis - Porter’s
                            3.3.1.1. Bargaining power of the suppliers
                            3.3.1.2. Bargaining power of the buyers
                            3.3.1.3. Threats of substitution
                            3.3.1.4. Threats from new entrants
                            3.3.1.5. Competitive rivalry
                        3.3.2. PESTEL Analysis
                            3.3.2.1. Political landscape
                            3.3.2.2. Economic and Social landscape
                            3.3.2.3. Technological landscape
                    3.4. Impact of COVID 19 on mechanical ventilator market
                    3.5. Pricing Analysis, at Regional Level
                        3.5.1. North America
                        3.5.2. Europe
                        3.5.3. Asia Pacific
                        3.5.4. Latin America
                        3.5.5. MEA
                    3.6. Unmet Need in the Market, at Regional Level
                        3.6.1. North America
                        3.6.2. Europe
                        3.6.3. Asia Pacific
                        3.6.4. Latin America
                        3.6.5. MEA
Chapter 4. Mechanical Ventilator Market: Product Type Estimates & Trend Analysis
                    4.1. Segment Dashboard
                    4.2. Mechanical Ventilator Market: Product Type Movement Analysis, USD Million, 2023 & 2030
                        4.2.1. Critical Care Ventilators
                            4.2.1.1. Critical Care Ventilators Market Estimates And Forecasts, 2018 - 2030 (USD Billion)
                            4.2.1.2. Ventilators
                                4.2.1.2.1. Ventilators Market Estimates And Forecasts, 2018 - 2030 (USD Billion)
                            4.2.1.3. Accessories
                                4.2.1.3.1. Accessories Market Estimates And Forecasts, 2018 - 2030 (USD Billion)
                        4.2.2. Neonatal
                            4.2.2.1. Neonatal Market Estimates And Forecasts, 2018 - 2030 (USD Billion)
                            4.2.2.2. Ventilators
                                4.2.2.2.1. Ventilators Market Estimates And Forecasts, 2018 - 2030 (USD Billion)
                            4.2.2.3. Accessories
                                4.2.2.3.1. Accessories Market Estimates And Forecasts, 2018 - 2030 (USD Billion)
                        4.2.3. Transport And Portable Ventilators
                            4.2.3.1. Transport And Portable Ventilators Market Estimates And Forecasts, 2018 - 2030 (USD Billion)
                            4.2.3.2. Ventilators
                                4.2.3.2.1. Ventilators Market Estimates And Forecasts, 2018 - 2030 (USD Billion)
                            4.2.3.3. Accessories
                                4.2.3.3.1. Accessories Market Estimates And Forecasts, 2018 - 2030 (USD Billion)
                        4.2.4. Other Ventilators
                            4.2.4.1. Other Ventilators Market Estimates And Forecasts, 2018 - 2030 (USD Billion)
Chapter 5. Mechanical Ventilators Market: Ventilation Mode Estimates & Trend Analysis
                    5.1. Segment Dashboard
                    5.2. Mechanical Ventilator Market: Ventilation Mode Movement Analysis, USD Million, 2023 & 2030
                        5.2.1. Invasive
                            5.2.1.1. Invasive Market Estimates And Forecasts, 2018 - 2030 (USD Billion)
                        5.2.2. Non-Invasive
                            5.2.2.1. Non-Invasive Market Estimates And Forecasts, 2018 - 2030 (USD Billion)
                            5.2.2.2. Non-Invasive Market Estimates And Forecasts, 2018 - 2030 (USD Billion)
                            5.2.2.3. Continuous Positive Airway Pressure (CPAP)
                                5.2.2.3.1. CPAP Market Estimates And Forecasts, 2018 - 2030 (USD Billion)
                            5.2.2.4. Bilevel Positive Airway Pressure (BPAP)
                                5.2.2.4.1. BPAP Market Estimates And Forecasts, 2018 - 2030 (USD Billion)
                            5.2.2.5. Others
                                5.2.2.5.1. Others Market Estimates And Forecasts, 2018 - 2030 (USD Billion)
Chapter 6. Mechanical Ventilator Market: End Use Estimates & Trend Analysis
                    6.1. Segment Dashboard
                    6.2. Mechanical Ventilator Market: End Use Movement Analysis, USD Million, 2023 & 2030
                        6.2.1. Hospitals
                            6.2.1.1. Hospitals Market Estimates And Forecasts, 2018 - 2030 (USD Billion)
                        6.2.2. Home Healthcare
                            6.2.2.1. Home Healthcare Market Estimates And Forecasts, 2018 - 2030 (USD Billion)
                        6.2.3. Others
                            6.2.3.1. Others Market Estimates And Forecasts, 2018 - 2030 (USD Billion)
Chapter 7. Mechanical Ventilator Market: Regional Estimates & Trend Analysis
                    7.1. Regional Market Share Analysis, 2023 & 2030
                    7.2. Regional Market Dashboard
                    7.3. Global Regional Market Snapshot
                    7.4. Market Size, & Forecasts Trend Analysis, 2018 to 2030:
                    7.5. North America
                       7.5.1. U.S.
                            7.5.1.1. Key country dynamics
                            7.5.1.2. Regulatory framework/ reimbursement structure
                            7.5.1.3. Competitive scenario
                            7.5.1.4. U.S. market estimates and forecasts 2018 to 2030 (USD Million)
                        7.5.2. Canada
                            7.5.2.1. Key country dynamics
                            7.5.2.2. Regulatory framework/ reimbursement structure
                            7.5.2.3. Competitive scenario
                            7.5.2.4. Canada market estimates and forecasts 2018 to 2030 (USD Million)
                    7.6. Europe
                        7.6.1. UK
                            7.6.1.1. Key country dynamics
                            7.6.1.2. Regulatory framework/ reimbursement structure
                            7.6.1.3. Competitive scenario
                            7.6.1.4. UK market estimates and forecasts 2018 to 2030 (USD Million)
                        7.6.2. Germany
                            7.6.2.1. Key country dynamics
                            7.6.2.2. Regulatory framework/ reimbursement structure
                            7.6.2.3. Competitive scenario
                            7.6.2.4. Germany market estimates and forecasts 2018 to 2030 (USD Million)
                        7.6.3. France
                            7.6.3.1. Key country dynamics
                            7.6.3.2. Regulatory framework/ reimbursement structure
                            7.6.3.3. Competitive scenario
                            7.6.3.4. France market estimates and forecasts 2018 to 2030 (USD Million)
                        7.6.4. Italy
                            7.6.4.1. Key country dynamics
                            7.6.4.2. Regulatory framework/ reimbursement structure
                            7.6.4.3. Competitive scenario
                            7.6.4.4. Italy market estimates and forecasts 2018 to 2030 (USD Million)
                        7.6.5. Spain
                            7.6.5.1. Key country dynamics
                            7.6.5.2. Regulatory framework/ reimbursement structure
                            7.6.5.3. Competitive scenario
                            7.6.5.4. Spain market estimates and forecasts 2018 to 2030 (USD Million)
                        7.6.6. Norway
                            7.6.6.1. Key country dynamics
                            7.6.6.2. Regulatory framework/ reimbursement structure
                            7.6.6.3. Competitive scenario
                            7.6.6.4. Norway market estimates and forecasts 2018 to 2030 (USD Million)
                        7.6.7. Sweden
                            7.6.7.1. Key country dynamics
                            7.6.7.2. Regulatory framework/ reimbursement structure
                            7.6.7.3. Competitive scenario
                            7.6.7.4. Sweden market estimates and forecasts 2018 to 2030 (USD Million)
                        7.6.8. Denmark
                            7.6.8.1. Key country dynamics
                            7.6.8.2. Regulatory framework/ reimbursement structure
                            7.6.8.3. Competitive scenario
                            7.6.8.4. Denmark market estimates and forecasts 2018 to 2030 (USD Million)
                    7.7. Asia Pacific
                        7.7.1. Japan
                            7.7.1.1. Key country dynamics
                            7.7.1.2. Regulatory framework/ reimbursement structure
                            7.7.1.3. Competitive scenario
                            7.7.1.4. Japan market estimates and forecasts 2018 to 2030 (USD Million)
                        7.7.2. China
                            7.7.2.1. Key country dynamics
                            7.7.2.2. Regulatory framework/ reimbursement structure
                            7.7.2.3. Competitive scenario
                            7.7.2.4. China market estimates and forecasts 2018 to 2030 (USD Million)
                        7.7.3. India
                            7.7.3.1. Key country dynamics
                            7.7.3.2. Regulatory framework/ reimbursement structure
                            7.7.3.3. Competitive scenario
                            7.7.3.4. India market estimates and forecasts 2018 to 2030 (USD Million)
                        7.7.4. Australia
                            7.7.4.1. Key country dynamics
                            7.7.4.2. Regulatory framework/ reimbursement structure
                            7.7.4.3. Competitive scenario
                            7.7.4.4. Australia market estimates and forecasts 2018 to 2030 (USD Million)
                        7.7.5. South Korea
                            7.7.5.1. Key country dynamics
                            7.7.5.2. Regulatory framework/ reimbursement structure
                            7.7.5.3. Competitive scenario
                            7.7.5.4. South Korea market estimates and forecasts 2018 to 2030 (USD Million)
                        7.7.6. Thailand
                            7.7.6.1. Key country dynamics
                            7.7.6.2. Regulatory framework/ reimbursement structure
                            7.7.6.3. Competitive scenario
                            7.7.6.4. Thailand market estimates and forecasts 2018 to 2030 (USD Million)
                    7.8. Latin America
                        7.8.1. Brazil
                            7.8.1.1. Key country dynamics
                            7.8.1.2. Regulatory framework/ reimbursement structure
                            7.8.1.3. Competitive scenario
                            7.8.1.4. Brazil market estimates and forecasts 2018 to 2030 (USD Million)
                        7.8.2. Mexico
                            7.8.2.1. Key country dynamics
                            7.8.2.2. Regulatory framework/ reimbursement structure
                            7.8.2.3. Competitive scenario
                            7.8.2.4. Mexico market estimates and forecasts 2018 to 2030 (USD Million)
                        7.8.3. Argentina
                            7.8.3.1. Key country dynamics
                            7.8.3.2. Regulatory framework/ reimbursement structure
                            7.8.3.3. Competitive scenario
                            7.8.3.4. Argentina market estimates and forecasts 2018 to 2030 (USD Million)
                    7.9. MEA
                        7.9.1. South Africa
                            7.9.1.1. Key country dynamics
                            7.9.1.2. Regulatory framework/ reimbursement structure
                            7.9.1.3. Competitive scenario
                            7.9.1.4. South Africa market estimates and forecasts 2018 to 2030 (USD Million)
                        7.9.2. Saudi Arabia
                            7.9.2.1. Key country dynamics
                            7.9.2.2. Regulatory framework/ reimbursement structure
                            7.9.2.3. Competitive scenario
                            7.9.2.4. Saudi Arabia market estimates and forecasts 2018 to 2030 (USD Million)
                        7.9.3. UAE
                            7.9.3.1. Key country dynamics
                            7.9.3.2. Regulatory framework/ reimbursement structure
                            7.9.3.3. Competitive scenario
                            7.9.3.4. UAE market estimates and forecasts 2018 to 2030 (USD Million)
                        7.9.4. Kuwait
                            7.9.4.1. Key country dynamics
                            7.9.4.2. Regulatory framework/ reimbursement structure
                            7.9.4.3. Competitive scenario
                            7.9.4.4. Kuwait market estimates and forecasts 2018 to 2030 (USD Million)
Chapter 8. Competitive Landscape
                    8.1. Recent Developments & Impact Analysis, By Key Market Participants
                    8.2. Company/Competition Categorization
                    8.3. Vendor Landscape
                        8.3.1. Key company market share analysis, 2023
                        8.3.2. Medtronic
                            8.3.2.1. Company overview
                            8.3.2.2. Financial performance
                            8.3.2.3. Product benchmarking
                            8.3.2.4. Strategic initiatives
                        8.3.3. Abbott
                            8.3.3.1. Company overview
                            8.3.3.2. Financial performance
                            8.3.3.3. Product benchmarking
                            8.3.3.4. Strategic initiatives
                        8.3.4. Boston Scientific Corporation
                            8.3.4.1. Company overview
                            8.3.4.2. Financial performance
                            8.3.4.3. Product benchmarking
                            8.3.4.4. Strategic initiatives
                        8.3.5. BIOTRONIK
                            8.3.5.1. Company overview
                            8.3.5.2. Financial performance
                            8.3.5.3. Product benchmarking
                            8.3.5.4. Strategic initiatives
                        8.3.6. MicroPort Scientific Corporation
                            8.3.6.1. Company overview
                            8.3.6.2. Financial performance
                            8.3.6.3. Product benchmarking
                            8.3.6.4. Strategic initiatives
                        8.3.7. Koninklijke Philips N.V.
                            8.3.7.1. Company overview
                            8.3.7.2. Financial performance
                            8.3.7.3. Product benchmarking
                            8.3.7.4. Strategic initiatives
                        8.3.8. Stryker
                            8.3.8.1. Company overview
                            8.3.8.2. Financial performance
                            8.3.8.3. Product benchmarking
                            8.3.8.4. Strategic initiatives
                        8.3.9. Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
                            8.3.9.1. Company overview
                            8.3.9.2. Financial performance
                            8.3.9.3. Product benchmarking
                            8.3.9.4. Strategic initiatives
                        8.3.10. NIHON KOHDEN CORPORATION
                            8.3.10.1. Company overview
                            8.3.10.2. Financial performance
                            8.3.10.3. Product benchmarking
                            8.3.10.4. Strategic initiatives
                        8.3.11. Schiller AG
                            8.3.11.1. Company overview
                            8.3.11.2. Financial performance
                            8.3.11.3. Product benchmarking
                            8.3.11.4. Strategic initiatives
                        8.3.12. ResMed
                            8.3.12.1. Company overview
                            8.3.12.2. Financial performance
                            8.3.12.3. Product benchmarking
                            8.3.12.4. Strategic initiatives
                        8.3.13. Fisher & Paykel Healthcare Limited
                            8.3.13.1. Company overview
                            8.3.13.2. Financial performance
                            8.3.13.3. Product benchmarking
                            8.3.13.4. Strategic initiatives
                        8.3.14. Drägerwerk AG & Co. KGaA
                            8.3.14.1. Company overview
                            8.3.14.2. Financial performance
                            8.3.14.3. Product benchmarking
                            8.3.14.4. Strategic initiatives
                        8.3.15. Getinge AB
                            8.3.15.1. Company overview
                            8.3.15.2. Financial performance
                            8.3.15.3. Product benchmarking
                            8.3.15.4. Strategic initiatives
                        8.3.16. ZOLL Medical Corporation (Asahi Kasei Corporation)
                            8.3.16.1. Company overview
                            8.3.16.2. Financial performance
                            8.3.16.3. Product benchmarking
                            8.3.16.4. Strategic initiatives
                        8.3.17. Air Liquide
                            8.3.17.1. Company overview
                            8.3.17.2. Financial performance
                            8.3.17.3. Product benchmarking
                            8.3.17.4. Strategic initiatives
                        8.3.18. VYAIRE MEDICAL, INC.
                            8.3.18.1. Company overview
                            8.3.18.2. Financial performance
                            8.3.18.3. Product benchmarking
                            8.3.18.4. Strategic initiatives
                        8.3.19. GE Healthcare
                            8.3.19.1. Company overview
                            8.3.19.2. Financial performance
                            8.3.19.3. Product benchmarking
                            8.3.19.4. Strategic initiatives
                        8.3.20. Hamilton Medical
                            8.3.20.1. Company overview
                            8.3.20.2. Financial performance
                            8.3.20.3. Product benchmarking
                            8.3.20.4. Strategic initiatives
                        8.3.21. Smiths Group plc
                            8.3.21.1. Company overview
                            8.3.21.2. Financial performance
                            8.3.21.3. Product benchmarking
                            8.3.21.4. Strategic initiatives
                        8.3.22. Allied Medical LLC (A Flexicare Company)
                            8.3.22.1. Company overview
                            8.3.22.2. Financial performance
                            8.3.22.3. Product benchmarking
                            8.3.22.4. Strategic initiatives
                        8.3.23. aXcent Medical GmbH
                            8.3.23.1. Company overview
                            8.3.23.2. Financial performance
                            8.3.23.3. Product benchmarking
                            8.3.23.4. Strategic initiatives
                        8.3.24. Metran Co., Ltd
                            8.3.24.1. Company overview
                            8.3.24.2. Financial performance
                            8.3.24.3. Product benchmarking
                            8.3.24.4. Strategic initiatives
                        8.3.25. MAGNAMED
                            8.3.25.1. Company overview
                            8.3.25.2. Financial performance
                            8.3.25.3. Product benchmarking
                            8.3.25.4. Strategic initiatives
                        8.3.26. Avasarala Technologies Limited
                            8.3.26.1. Company overview
                            8.3.26.2. Financial performance
                            8.3.26.3. Product benchmarking
                            8.3.26.4. Strategic initiatives
                        8.3.27. Airon Corporation
                            8.3.27.1. Company overview
                            8.3.27.2. Financial performance
                            8.3.27.3. Product benchmarking
                            8.3.27.4. Strategic initiatives
                        8.3.28. Bio-Med Devices
                            8.3.28.1. Company overview
                            8.3.28.2. Financial performance
                            8.3.28.3. Product benchmarking
                            8.3.28.4. Strategic initiatives
                        8.3.29. Hill-Rom (Baxter)
                            8.3.29.1. Company overview
                            8.3.29.2. Financial performance
                            8.3.29.3. Product benchmarking
                            8.3.29.4. Strategic initiatives
                        8.3.30. HEYER Medical AG
                            8.3.30.1. Company overview
                            8.3.30.2. Financial performance
                            8.3.30.3. Product benchmarking
                            8.3.30.4. Strategic initiatives
                        8.3.31. Leistung Engineering Pvt. Ltd.
                            8.3.31.1. Company overview
                            8.3.31.2. Financial performance
                            8.3.31.3. Product benchmarking
                            8.3.31.4. Strategic initiatives


List of Tables

Table 1. List of Secondary Sources
Table 2. List of Abbreviations
Table 3. Leading Market Players Anticipated to Witness Highest Growth
Table 4. Global Mechanical Ventilator Market, By Region, 2018 - 2030 (USD Million)
Table 5. Global Mechanical Ventilator Market, By Product, 2018 - 2030 (USD Million)
Table 6. Global Mechanical Ventilator Market, By Ventilation Mode, 2018 - 2030 (USD Million)
Table 7. Global Mechanical Ventilator Market, By End Use, 2018 - 2030 (USD Million)
Table 8. North America Mechanical Ventilator Market, By Country, 2018 - 2030 (USD Million)
Table 9. North America Mechanical Ventilator Market, By Product, 2018 - 2030 (USD Million)
Table 10. North America Mechanical Ventilator Market, By Ventilator Mode, 2018 - 2030 (USD Million)
Table 11. North America Mechanical Ventilator Market, By End Use, 2018 - 2030 (USD Million)
Table 12. U.S. Mechanical Ventilator Market, By Product, 2018 - 2030 (USD Million)
Table 13. U.S. Mechanical Ventilator Market, By Ventilator Mode, 2018 - 2030 (USD Million)
Table 14. U.S. Mechanical Ventilator Market, By End Use, 2018 - 2030 (USD Million)
Table 15. Canada Mechanical Ventilator Market, By Product, 2018 - 2030 (USD Million)
Table 16. Canada Mechanical Ventilator Market, By Ventilator Mode, 2018 - 2030 (USD Million)
Table 17. Canada Mechanical Ventilator Market, By End Use, 2018 - 2030 (USD Million)
Table 18. Europe Mechanical Ventilator Market, By Country, 2018 - 2030 (USD Million)
Table 19. Europe Mechanical Ventilator Market, By Product, 2018 - 2030 (USD Million)
Table 20. Europe Mechanical Ventilator Market, By Ventilator Mode, 2018 - 2030 (USD Million)
Table 21. Europe Mechanical Ventilator Market, By End Use, 2018 - 2030 (USD Million)
Table 22. UK Mechanical Ventilator Market, By Product, 2018 - 2030 (USD Million)
Table 23. UK Mechanical Ventilator Market, By Ventilator Mode, 2018 - 2030 (USD Million)
Table 24. UK Mechanical Ventilator Market, By End Use, 2018 - 2030 (USD Million)
Table 25. Germany Mechanical Ventilator Market, By Product, 2018 - 2030 (USD Million)
Table 26. Germany Mechanical Ventilator Market, By Ventilator Mode, 2018 - 2030 (USD Million)
Table 27. Germany Mechanical Ventilator Market, By End Use, 2018 - 2030 (USD Million)
Table 28. France Mechanical Ventilator Market, By Product, 2018 - 2030 (USD Million)
Table 29. France Mechanical Ventilator Market, By Ventilator Mode, 2018 - 2030 (USD Million)
Table 30. France Mechanical Ventilator Market, By End Use, 2018 - 2030 (USD Million)
Table 31. Italy Mechanical Ventilator Market, By Product, 2018 - 2030 (USD Million)
Table 32. Italy Mechanical Ventilator Market, By Ventilator Mode, 2018 - 2030 (USD Million)
Table 33. Italy Mechanical Ventilator Market, By End Use, 2018 - 2030 (USD Million)
Table 34. Spain Mechanical Ventilator Market, By Product, 2018 - 2030 (USD Million)
Table 35. Spain Mechanical Ventilator Market, By Ventilator Mode, 2018 - 2030 (USD Million)
Table 36. Spain Mechanical Ventilator Market, By End Use, 2018 - 2030 (USD Million)
Table 37. Denmark Mechanical Ventilator Market, By Product, 2018 - 2030 (USD Million)
Table 38. Denmark Mechanical Ventilator Market, By Ventilator Mode, 2018 - 2030 (USD Million)
Table 39. Denmark Mechanical Ventilator Market, By End Use, 2018 - 2030 (USD Million)
Table 40. Sweden Mechanical Ventilator Market, By Product, 2018 - 2030 (USD Million)
Table 41. Sweden Mechanical Ventilator Market, By Ventilator Mode, 2018 - 2030 (USD Million)
Table 42. Sweden Mechanical Ventilator Market, By End Use, 2018 - 2030 (USD Million)
Table 43. Norway Mechanical Ventilator Market, By Product, 2018 - 2030 (USD Million)
Table 44. Norway Mechanical Ventilator Market, By Ventilator Mode, 2018 - 2030 (USD Million)
Table 45. Norway Mechanical Ventilator Market, By End Use, 2018 - 2030 (USD Million)
Table 46. Asia Pacific Mechanical Ventilator Market, By Country, 2018 - 2030 (USD Million)
Table 47. Asia Pacific Mechanical Ventilator Market, By Product, 2018 - 2030 (USD Million)
Table 48. Asia Pacific Mechanical Ventilator Market, By End Use, 2018 - 2030 (USD Million)
Table 49. Asia Pacific Mechanical Ventilator Market, By Ventilator Mode, 2018 - 2030 (USD Million)
Table 50. Japan Mechanical Ventilator Market, By Product, 2018 - 2030 (USD Million)
Table 51. Japan Mechanical Ventilator Market, By Ventilator Mode, 2018 - 2030 (USD Million)
Table 52. Japan Mechanical Ventilator Market, By End Use, 2018 - 2030 (USD Million)
Table 53. China Mechanical Ventilator Market, By Product, 2018 - 2030 (USD Million)
Table 54. China Mechanical Ventilator Market, By Ventilator Mode, 2018 - 2030 (USD Million)
Table 55. China Mechanical Ventilator Market, By End Use, 2018 - 2030 (USD Million)
Table 56. India Mechanical Ventilator Market, By Product, 2018 - 2030 (USD Million)
Table 57. India Mechanical Ventilator Market, By Ventilator Mode, 2018 - 2030 (USD Million)
Table 58. India Mechanical Ventilator Market, By End Use, 2018 - 2030 (USD Million)
Table 59. South Korea Mechanical Ventilator Market, By Product, 2018 - 2030 (USD Million)
Table 60. South Korea Mechanical Ventilator Market, By Ventilator Mode, 2018 - 2030 (USD Million)
Table 61. South Korea Mechanical Ventilator Market, By End Use, 2018 - 2030 (USD Million)
Table 62. Australia Mechanical Ventilator Market, By Product, 2018 - 2030 (USD Million)
Table 63. Australia Mechanical Ventilator Market, By Ventilator Mode, 2018 - 2030 (USD Million)
Table 64. Australia Mechanical Ventilator Market, By End Use, 2018 - 2030 (USD Million)
Table 65. Thailand Mechanical Ventilator Market, By Product, 2018 - 2030 (USD Million)
Table 66. Thailand Mechanical Ventilator Market, By Ventilator Mode, 2018 - 2030 (USD Million)
Table 67. Thailand Mechanical Ventilator Market, By End Use, 2018 - 2030 (USD Million)
Table 68. Latin America Mechanical Ventilator Market, By Country, 2018 - 2030 (USD Million)
Table 69. Latin America Mechanical Ventilator Market, By Product, 2018 - 2030 (USD Million)
Table 70. Latin America Mechanical Ventilator Market, By Ventilator Mode, 2018 - 2030 (USD Million)
Table 71. Latin America Mechanical Ventilator Market, By End Use, 2018 - 2030 (USD Million)
Table 72. Brazil Mechanical Ventilator Market, By Product, 2018 - 2030 (USD Million)
Table 73. Brazil Mechanical Ventilator Market, By Ventilator Mode, 2018 - 2030 (USD Million)
Table 74. Brazil Mechanical Ventilator Market, By End Use, 2018 - 2030 (USD Million)
Table 75. Argentina Mechanical Ventilator Market, By Product, 2018 - 2030 (USD Million)
Table 76. Argentina Mechanical Ventilator Market, By Ventilator Mode, 2018 - 2030 (USD Million)
Table 77. Argentina Mechanical Ventilator Market, By End Use, 2018 - 2030 (USD Million)
Table 78. Mexico Mechanical Ventilator Market, By Product, 2018 - 2030 (USD Million)
Table 79. Mexico Mechanical Ventilator Market, By Ventilator Mode, 2018 - 2030 (USD Million)
Table 80. Mexico Mechanical Ventilator Market, By End Use, 2018 - 2030 (USD Million)
Table 81. Middle East and Africa Mechanical Ventilator Market, By Country, 2018 - 2030 (USD Million)
Table 82. Middle East and Africa Mechanical Ventilator Market, By Product, 2018 - 2030 (USD Million)
Table 83. Middle East and Africa Mechanical Ventilator Market, By Ventilator Mode, 2018 - 2030 (USD Million)
Table 84. Middle East & Africa Mechanical Ventilator Market, By End Use, 2018 - 2030 (USD Million)
Table 85. South Africa Mechanical Ventilator Market, By Product, 2018 - 2030 (USD Million)
Table 86. South Africa Mechanical Ventilator Market, By Ventilator Mode, 2018 - 2030 (USD Million)
Table 87. South Africa Mechanical Ventilator Market, By End Use, 2018 - 2030 (USD Million)
Table 88. Saudi Arabia Mechanical Ventilator Market, By Product, 2018 - 2030 (USD Million)
Table 89. Saudi Arabia Mechanical Ventilator Market, By Ventilator Mode, 2018 - 2030 (USD Million)
Table 90. Saudi Arabia Mechanical Ventilator Market, By End Use, 2018 - 2030 (USD Million)
Table 91. UAE Mechanical Ventilator Market, By Product, 2018 - 2030 (USD Million)
Table 92. UAE Mechanical Ventilator Market, By Ventilator Mode, 2018 - 2030 (USD Million)
Table 93. UAE Mechanical Ventilator Market, By End Use, 2018 - 2030 (USD Million)
Table 94. Kuwait Mechanical Ventilator Market, By Product, 2018 - 2030 (USD Million)
Table 95. Kuwait Mechanical Ventilator Market, By Ventilator Mode, 2018 - 2030 (USD Million)
Table 96. Kuwait Mechanical Ventilator Market, By End Use, 2018 - 2030 (USD Million)


List of Figures

Fig. 1 Mechanical Ventilator market segment scope and defination
Fig. 2 Market research process
Fig. 3 Information procurement
Fig. 4 Primary research pattern
Fig. 5 Market research approaches
Fig. 6 Value-chain-based sizing & forecasting
Fig. 7 QFD modeling for market share assessment
Fig. 8 Market formulation & validation
Fig. 9 Market outlook (2023)
Fig. 10 Strategy framework
Fig. 11 Market driver relevance analysis (Current & future impact)
Fig. 12 Market restraint relevance analysis (Current & future impact)
Fig. 13 Penetration & growth prospect mapping
Fig. 14 Porter’s five forces analysis
Fig. 15 PESTLE analysis
Fig. 16 Mechanical Ventilator market: Product movement analysis
Fig. 17 Mechanical Ventilator market: Product segment dashboard
Fig. 18 Mechanical Ventilator market product outlook: Key takeaways
Fig. 19 Critical care Mechanical Ventilator market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 20 Neonatal Mechanical Ventilator market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 21 Transport & portable Mechanical Ventilator market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 22 Others Mechanical Ventilator market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 23 Mechanical Ventilator market: Ventilator Mode movement analysis
Fig. 24 Mechanical Ventilator market Ventilator Mode outlook: Key takeaways
Fig. 25 Invasive Mechanical Ventilator market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 26 Non-invasive Mechanical Ventilator market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 27 Regional outlook, 2023 & 2030
Fig. 28 Regional market dashboard
Fig. 29 Regional market place: Key takeaways
Fig. 30 North America Mechanical Ventilator market, 2018 - 2030 (USD Million)
Fig. 31 U.S. Mechanical Ventilator market, 2018 - 2030 (USD Million)
Fig. 32 Canada Mechanical Ventilator market, 2018 - 2030 (USD Million)
Fig. 33 Europe Mechanical Ventilator market, 2018 - 2030 (USD Million)
Fig. 34 UK Mechanical Ventilator market, 2018 - 2030 (USD Million)
Fig. 35 Germany Mechanical Ventilator market, 2018 - 2030 (USD Million)
Fig. 36 Spain Mechanical Ventilator market, 2018 - 2030 (USD Million)
Fig. 37 France Mechanical Ventilator market, 2018 - 2030 (USD Million)
Fig. 38 Italy Mechanical Ventilator market, 2018 - 2030 (USD Million)
Fig. 39 Denmark Mechanical Ventilator market, 2018 - 2030 (USD Million)
Fig. 40 Sweden Mechanical Ventilator market, 2018 - 2030 (USD Million)
Fig. 41 Norway Mechanical Ventilator market, 2018 - 2030 (USD Million)
Fig. 42 Asia Pacific Mechanical Ventilator market, 2018 - 2030 (USD Million)
Fig. 43 Japan Mechanical Ventilator market, 2018 - 2030 (USD Million)
Fig. 44 China Mechanical Ventilator market, 2018 - 2030 (USD Million)
Fig. 45 India Mechanical Ventilator market, 2018 - 2030 (USD Million)
Fig. 46 South Korea Mechanical Ventilator market, 2018 - 2030 (USD Million)
Fig. 47 Australia Mechanical Ventilator market, 2018 - 2030 (USD Million)
Fig. 48 Thailand Mechanical Ventilator market, 2018 - 2030 (USD Million)
Fig. 49 Latin America Mechanical Ventilator market, 2018 - 2030 (USD Million)
Fig. 50 Brazil Mechanical Ventilator market, 2018 - 2030 (USD Million)
Fig. 51 Mexico Mechanical Ventilator market, 2018 - 2030 (USD Million)
Fig. 52 Argentina Mechanical Ventilator market, 2018 - 2030 (USD Million)
Fig. 53 MEA Mechanical Ventilator market, 2018 - 2030 (USD Million)
Fig. 54 South Africa Mechanical Ventilator market, 2018 - 2030 (USD Million)
Fig. 55 Saudi Arabia Mechanical Ventilator market, 2018 - 2030 (USD Million)
Fig. 56 UAE Mechanical Ventilator market, 2018 - 2030 (USD Million)
Fig. 57 Kuwait Mechanical Ventilator market, 2018 - 2030 (USD Million)
Fig. 58 Heat map analysis
Fig. 59 Market differentiators

What questions do you have? Get quick response from our industry experts. Request a Free Consultation

Market Segmentation

  • Mechanical Ventilator Product Outlook (Revenue, USD Million, 2018 - 2030)
    • Critical care
      • Ventilators
      • Accessories  
    • Neonatal
      • Ventilators
      • Accessories  
    • Transport & portable
      • Ventilators
      • Accessories  
    • Other
  • Mechanical Ventilator Ventilation Mode Outlook (Revenue, USD Million, 2018 - 2030)
    • Invasive
    • Non-invasive
      • CPAP
      • BiPAP
      • Others
  • Mechanical Ventilator End-use Outlook (Revenue, USD Million, 2018 - 2030)
    • Mechanical Ventilator Hospitals
    • Home healthcare
    • Others
  • Mechanical Ventilator Regional Outlook (Revenue, USD Million, 2018 - 2030)
    • North America
      • North America Mechanical Ventilator Market, By Product
        • Critical care
          • Ventilators
          • Accessories  
        • Neonatal
          • Ventilators
          • Accessories  
        • Transport & portable
          • Ventilators
          • Accessories  
        • Other
      • North America Mechanical Ventilator Market, By Ventilation Mode
        • Invasive
        • Non-invasive
          • CPAP
          • BiPAP
          • Others
      • North America Mechanical Ventilator Market, By End Use
        • Mechanical Ventilator Hospitals
        • Home healthcare
        • Others
      • U.S.
        • U.S. Mechanical Ventilator Market, By Product
          • Critical care
            • Ventilators
            • Accessories  
          • Neonatal
            • Ventilators
            • Accessories  
          • Transport & portable
            • Ventilators
            • Accessories  
          • Other
        • U.S. Mechanical Ventilator Market, By Ventilation Mode
          • Invasive
          • Non-invasive
            • CPAP
            • BiPAP
            • Others
        • U.S. Mechanical Ventilator Market, By End Use
          • Mechanical Ventilator Hospitals
          • Home healthcare
          • Others
      • Canada
        • Canada Mechanical Ventilator Market, By Product
          • Critical care
            • Ventilators
            • Accessories  
          • Neonatal
            • Ventilators
            • Accessories  
          • Transport & portable
            • Ventilators
            • Accessories  
          • Other
        • Canada Mechanical Ventilator Market, By Ventilation Mode
          • Invasive
          • Non-invasive
            • CPAP
            • BiPAP
            • Others
        • Canada Mechanical Ventilator Market, By End Use
          • Mechanical Ventilator Hospitals
          • Home healthcare
          • Others
    • Europe
      • Europe Mechanical Ventilator Market, By Product
        • Critical care
          • Ventilators
          • Accessories  
        • Neonatal
          • Ventilators
          • Accessories  
        • Transport & portable
          • Ventilators
          • Accessories  
        • Other
      • Europe Mechanical Ventilator Market, By Ventilation Mode
        • Invasive
        • Non-invasive
          • CPAP
          • BiPAP
          • Others
      • Europe Mechanical Ventilator Market, By End Use
        • Mechanical Ventilator Hospitals
        • Home healthcare
        • Others
      • UK
        • UK Mechanical Ventilator Market, By Product
          • Critical care
            • Ventilators
            • Accessories  
          • Neonatal
            • Ventilators
            • Accessories  
          • Transport & portable
            • Ventilators
            • Accessories  
          • Other
        • UK Mechanical Ventilator Market, By Ventilation Mode
          • Invasive
          • Non-invasive
            • CPAP
            • BiPAP
            • Others
        • UK Mechanical Ventilator Market, By End Use
          • Mechanical Ventilator Hospitals
          • Home healthcare
          • Others
      • Germany
        • Germany  Mechanical Ventilator Market, By Product
          • Critical care
            • Ventilators
            • Accessories  
          • Neonatal
            • Ventilators
            • Accessories  
          • Transport & portable
            • Ventilators
            • Accessories  
          • Other
        • Germany Mechanical Ventilator Market, By Ventilation Mode
          • Invasive
          • Non-invasive
            • CPAP
            • BiPAP
            • Others
        • Germany Mechanical Ventilator Market, By End Use
          • Mechanical Ventilator Hospitals
          • Home healthcare
          • Others
      • France
        • France Mechanical Ventilator Market, By Product
          • Critical care
            • Ventilators
            • Accessories  
          • Neonatal
            • Ventilators
            • Accessories  
          • Transport & portable
            • Ventilators
            • Accessories  
          • Other
        • France Mechanical Ventilator Market, By Ventilation Mode
          • Invasive
          • Non-invasive
            • CPAP
            • BiPAP
            • Others
        • France Mechanical Ventilator Market, By End Use
          • Mechanical Ventilator Hospitals
          • Home healthcare
          • Others
      • Italy
        • Italy Mechanical Ventilator Market, By Product
          • Critical care
            • Ventilators
            • Accessories  
          • Neonatal
            • Ventilators
            • Accessories  
          • Transport & portable
            • Ventilators
            • Accessories  
          • Other
        • Italy Mechanical Ventilator Market, By Ventilation Mode
          • Invasive
          • Non-invasive
            • CPAP
            • BiPAP
            • Others
        • Italy Mechanical Ventilator Market, By End Use
          • Mechanical Ventilator Hospitals
          • Home healthcare
          • Others
      • Spain
        • Spain Mechanical Ventilator Market, By Product
          • Critical care
            • Ventilators
            • Accessories  
          • Neonatal
            • Ventilators
            • Accessories  
          • Transport & portable
            • Ventilators
            • Accessories  
          • Other
        • Spain Mechanical Ventilator Market, By Ventilation Mode
          • Invasive
          • Non-invasive
            • CPAP
            • BiPAP
            • Others
        • SpainMechanical Ventilator Market, By End Use
          • Mechanical Ventilator Hospitals
          • Home healthcare
          • Others
      • Denmark
        • Denmark Mechanical Ventilator Market, By Product
          • Critical care
            • Ventilators
            • Accessories  
          • Neonatal
            • Ventilators
            • Accessories  
          • Transport & portable
            • Ventilators
            • Accessories  
          • Other
        • Denmark Mechanical Ventilator Market, By Ventilation Mode
          • Invasive
          • Non-invasive
            • CPAP
            • BiPAP
            • Others
        • Denmark Mechanical Ventilator Market, By End Use
          • Mechanical Ventilator Hospitals
          • Home healthcare
          • Others
      • Sweden
        • Sweden Mechanical Ventilator Market, By Product
          • Critical care
            • Ventilators
            • Accessories  
          • Neonatal
            • Ventilators
            • Accessories  
          • Transport & portable
            • Ventilators
            • Accessories  
          • Other
        • Sweden Mechanical Ventilator Market, By Ventilation Mode
          • Invasive
          • Non-invasive
            • CPAP
            • BiPAP
            • Others
        • Sweden Mechanical Ventilator Market, By End Use
          • Mechanical Ventilator Hospitals
          • Home healthcare
          • Others
      • Norway
        • Norway Mechanical Ventilator Market, By Product
          • Critical care
            • Ventilators
            • Accessories  
          • Neonatal
            • Ventilators
            • Accessories  
          • Transport & portable
            • Ventilators
            • Accessories  
          • Other
        • Norway Mechanical Ventilator Market, By Ventilation Mode
          • Invasive
          • Non-invasive
            • CPAP
            • BiPAP
            • Others
        • Norway Mechanical Ventilator Market, By End Use
          • Mechanical Ventilator Hospitals
          • Home healthcare
          • Others
    • Asia Pacific
      • Asia Pacific Mechanical Ventilator Market, By Product
        • Critical care
          • Ventilators
          • Accessories  
        • Neonatal
          • Ventilators
          • Accessories  
        • Transport & portable
          • Ventilators
          • Accessories  
        • Other
      • Asia Pacific Mechanical Ventilator Market, By Ventilation Mode
        • Invasive
        • Non-invasive
          • CPAP
          • BiPAP
          • Others
      • Asia Pacific Mechanical Ventilator Market, By End Use
        • Mechanical Ventilator Hospitals
        • Home healthcare
        • Others
      • Japan
        • Japan Mechanical Ventilator Market, By Product
          • Critical care
            • Ventilators
            • Accessories  
          • Neonatal
            • Ventilators
            • Accessories  
          • Transport & portable
            • Ventilators
            • Accessories  
          • Other
        • Japan Mechanical Ventilator Market, By Ventilation Mode
          • Invasive
          • Non-invasive
            • CPAP
            • BiPAP
            • Others
        • Japan Mechanical Ventilator Market, By End Use
          • Mechanical Ventilator Hospitals
          • Home healthcare
          • Others
      • China
        • China Mechanical Ventilator Market, By Product
          • Critical care
            • Ventilators
            • Accessories  
          • Neonatal
            • Ventilators
            • Accessories  
          • Transport & portable
            • Ventilators
            • Accessories  
          • Other
        •  China Mechanical Ventilator Market, By Ventilation Mode
          • Invasive
          • Non-invasive
            • CPAP
            • BiPAP
            • Others
        • China Mechanical Ventilator Market, By End Use
          • Mechanical Ventilator Hospitals
          • Home healthcare
          • Others
      • India
        • India Mechanical Ventilator Market, By Product
          • Critical care
            • Ventilators
            • Accessories  
          • Neonatal
            • Ventilators
            • Accessories  
          • Transport & portable
            • Ventilators
            • Accessories  
          • Other
        • India Mechanical Ventilator Market, By Ventilation Mode
          • Invasive
          • Non-invasive
            • CPAP
            • BiPAP
            • Others
        • India Mechanical Ventilator Market, By End Use
          • Mechanical Ventilator Hospitals
          • Home healthcare
          • Others
      • South Korea
        • South Korea  Mechanical Ventilator Market, By Product
          • Critical care
            • Ventilators
            • Accessories  
          • Neonatal
            • Ventilators
            • Accessories  
          • Transport & portable
            • Ventilators
            • Accessories  
          • Other
        • South Korea Mechanical Ventilator Market, By Ventilation Mode
          • Invasive
          • Non-invasive
            • CPAP
            • BiPAP
            • Others
        • South Korea Mechanical Ventilator Market, By End Use
          • Mechanical Ventilator Hospitals
          • Home healthcare
          • Others
      • Australia
        • Australia Mechanical Ventilator Market, By Product
          • Critical care
            • Ventilators
            • Accessories  
          • Neonatal
            • Ventilators
            • Accessories  
          • Transport & portable
            • Ventilators
            • Accessories  
          • Other
        • Australia Mechanical Ventilator Market, By Ventilation Mode
          • Invasive
          • Non-invasive
            • CPAP
            • BiPAP
            • Others
        • Australia Mechanical Ventilator Market, By End Use
          • Mechanical Ventilator Hospitals
          • Home healthcare
          • Others
      • Thailand
        • Thailand Mechanical Ventilator Market, By Product
          • Critical care
            • Ventilators
            • Accessories  
          • Neonatal
            • Ventilators
            • Accessories  
          • Transport & portable
            • Ventilators
            • Accessories  
          • Other
        • Thailand Mechanical Ventilator Market, By Ventilation Mode
          • Invasive
          • Non-invasive
            • CPAP
            • BiPAP
            • Others
        • Thailand Mechanical Ventilator Market, By End Use
          • Mechanical Ventilator Hospitals
          • Home healthcare
          • Others
    • Latin America
      • Latin America Mechanical Ventilator Market, By Product
        • Critical care
          • Ventilators
          • Accessories  
        • Neonatal
          • Ventilators
          • Accessories  
        • Transport & portable
          • Ventilators
          • Accessories  
        • Other
      • Latin America Mechanical Ventilator Market, By Ventilation Mode
        • Invasive
        • Non-invasive
          • CPAP
          • BiPAP
          • Others
      • Latin America Mechanical Ventilator Market, By End Use
        • Mechanical Ventilator Hospitals
        • Home healthcare
        • Others
      • Brazil
        • Brazil Mechanical Ventilator Market, By Product
          • Critical care
            • Ventilators
            • Accessories  
          • Neonatal
            • Ventilators
            • Accessories  
          • Transport & portable
            • Ventilators
            • Accessories  
          • Other
        • Brazil Mechanical Ventilator Market, By Ventilation Mode
          • Invasive
          • Non-invasive
            • CPAP
            • BiPAP
            • Others
        • Brazil Mechanical Ventilator Market, By End Use
          • Mechanical Ventilator Hospitals
          • Home healthcare
          • Others
      • Mexico
        • Mexico Mechanical Ventilator Market, By Product
          • Critical care
            • Ventilators
            • Accessories  
          • Neonatal
            • Ventilators
            • Accessories  
          • Transport & portable
            • Ventilators
            • Accessories  
          • Other
        • Mexico Mechanical Ventilator Market, By Ventilation Mode
          • Invasive
          • Non-invasive
            • CPAP
            • BiPAP
            • Others
        • Mexico Mechanical Ventilator Market, By End Use
          • Mechanical Ventilator Hospitals
          • Home healthcare
          • Others
      • Argentina
        • Argentina Mechanical Ventilator Market, By Product
          • Critical care
            • Ventilators
            • Accessories  
          • Neonatal
            • Ventilators
            • Accessories  
          • Transport & portable
            • Ventilators
            • Accessories  
          • Other
        • Argentina Mechanical Ventilator Market, By Ventilation Mode
          • Invasive
          • Non-invasive
            • CPAP
            • BiPAP
            • Others
        • Argentina Mechanical Ventilator Market, By End Use
          • Mechanical Ventilator Hospitals
          • Home healthcare
          • Others
    • Middle East & Africa
      • Middle East & Africa Mechanical Ventilator Market, By Product
        • Critical care
          • Ventilators
          • Accessories  
        • Neonatal
          • Ventilators
          • Accessories  
        • Transport & portable
          • Ventilators
          • Accessories  
        • Other
      • Middle East & Africa Mechanical Ventilator Market, By Ventilation Mode
        • Invasive
        • Non-invasive
          • CPAP
          • BiPAP
          • Others
      • Middle East & Africa Mechanical Ventilator Market, By End Use
        • Mechanical Ventilator Hospitals
        • Home healthcare
        • Others
      • South Africa
        • South Africa  Mechanical Ventilator Market, By Product
          • Critical care
            • Ventilators
            • Accessories  
          • Neonatal
            • Ventilators
            • Accessories  
          • Transport & portable
            • Ventilators
            • Accessories  
          • Other
        • South Africa Mechanical Ventilator Market, By Ventilation Mode
          • Invasive
          • Non-invasive
            • CPAP
            • BiPAP
            • Others
        • South Africa Mechanical Ventilator Market, By End Use
          • Mechanical Ventilator Hospitals
          • Home healthcare
          • Others
      • Saudi Arabia
        • Saudi Arabia Mechanical Ventilator Market, By Product
          • Critical care
            • Ventilators
            • Accessories  
          • Neonatal
            • Ventilators
            • Accessories  
          • Transport & portable
            • Ventilators
            • Accessories  
          • Other
        • Saudi Arabia Mechanical Ventilator Market, By Ventilation Mode
          • Invasive
          • Non-invasive
            • CPAP
            • BiPAP
            • Others
        • Saudi Arabia Mechanical Ventilator Market, By End Use
          • Mechanical Ventilator Hospitals
          • Home healthcare
          • Others
      • UAE
        • UAE Mechanical Ventilator Market, By Product
          • Critical care
            • Ventilators
            • Accessories  
          • Neonatal
            • Ventilators
            • Accessories  
          • Transport & portable
            • Ventilators
            • Accessories  
          • Other
        • UAE Mechanical Ventilator Market, By Ventilation Mode
          • Invasive
          • Non-invasive
            • CPAP
            • BiPAP
            • Others
        • UAE Mechanical Ventilator Market, By End Use
          • Mechanical Ventilator Hospitals
          • Home healthcare
          • Others
      • Kuwait
        • Kuwait Mechanical Ventilator Market, By Product
          • Critical care
            • Ventilators
            • Accessories  
          • Neonatal
            • Ventilators
            • Accessories  
          • Transport & portable
            • Ventilators
            • Accessories  
          • Other
        • Kuwait Mechanical Ventilator Market, By Ventilation Mode
          • Invasive
          • Non-invasive
            • CPAP
            • BiPAP
            • Others
        • Kuwait Mechanical Ventilator Market, By End Use
          • Mechanical Ventilator Hospitals
          • Home healthcare
          • Others

Mechanical Ventilator Market Dynamics

Driver: Increasing prevalence of respiratory diseases

The rising prevalence of respiratory diseases is a significant driving factor for mechanical ventilators. The adoption of long-term Home Mechanical Ventilation (HMV) is expected to increase due to chronic respiratory failure caused by diseases like thoracic disease, Chronic Obstructive Pulmonary Disorder (COPD), and neuromuscular disease. According to the World Health Organization (WHO), moderate to severe COPD affects approximately 65 million individuals worldwide, making it the third leading cause of death. These numbers are projected to rise due to factors such as the growing geriatric population, increased exposure to tobacco smoke, and indoor and outdoor pollution. These factors are expected to contribute to the overall growth of the market. Additionally, the increase in Ventilator-Assisted Individuals (VAIs) is another factor driving market growth. The demand for mechanical ventilators is expected to rise in the coming years, as indicated by the prevalence of patients requiring HMV in different regions. Furthermore, the need for emergency treatment of prolonged illnesses and lung disease treatment in children and adults is also expected to drive market growth. Respiratory therapeutic devices are preferred by physicians and patients for the treatment of respiratory disorders, as they can provide medical intervention for acute and chronic patient care.

Driver: Growing geriatric population

The increasing global geriatric population is expected to drive significant growth in the mechanical ventilators market. According to the World Health Organization (WHO), the number of individuals aged 60 years and above is projected to reach 2 billion by 2050. This market is primarily fueled by the large number of elderly individuals suffering from respiratory diseases like COPD and sleep apnea, which are often linked to weakened immune systems and increased vulnerability. According to the WHO, age is a significant contributing factor to the development of sleep apnea, with the prevalence of sleep-disordered breathing in older adults ranging from 20% to 50%. This percentage nearly doubles in the elderly aged between 70 and 80 years. Additionally, the growing geriatric population in Asian countries is expected to further boost the market potential, particularly in Japan, where over 20% of the population was over 65 years old in 2017. Consequently, manufacturers can expect a large target population in the country.

Restraint: Capital-intensive nature

Mechanical ventilation plays a crucial role in the ICU despite its high cost. A wide range of ventilators is available in the market to cater to different patient needs. These include ventilators for home care, transportation, and varying acuity levels, such as low, medium, and high. Additionally, there are specialized ventilators like high-frequency ventilators, NPPV/CPAP, and BIPAP systems. Each ventilator has its gas delivery design involving turbine-based air supply, proportional solenoid valve control, or a combination of both. Consequently, the cost of these ventilators can vary significantly, ranging from USD 5,000 to 50,000. Unfortunately, this high cost poses a challenge for patients in low- and middle-income countries, limiting their access to mechanical ventilators. However, maximizing the use of mechanical ventilators in ICUs has the potential to enhance patient outcomes and reduce overall costs. Shifting focus to the COVID-19 pandemic has had a profound economic impact on the United States. As of April 10, 2020, there were 469,121 active cases of Coronavirus, with a rate of 1,423.49 cases per 1 million people. New York has been particularly hard hit, with 159,937 active cases. These numbers highlight the strain on the healthcare system due to the COVID-19 outbreak.

What Does This Report Include?

This section will provide insights into the contents included in this mechanical ventilator market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.

Mechanical ventilator market qualitative analysis

  • Industry overview

  • Industry trends

  • Market drivers and restraints

  • Market size

  • Growth prospects

  • Porter’s analysis

  • PESTEL analysis

  • Key market opportunities prioritized

  • Competitive landscape

    • Company overview

    • Financial performance

    • Product benchmarking

    • Latest strategic developments

Mechanical ventilator market quantitative analysis

  • Market size, estimates, and forecast from 2018 to 2030

  • Market estimates and forecast for product segments up to 2030

  • Regional market size and forecast for product segments up to 2030

  • Market estimates and forecast for application segments up to 2030

  • Regional market size and forecast for application segments up to 2030

  • Company financial performance

What questions do you have? Get quick response from our industry experts. Request a Free Consultation

Research Methodology

A three-pronged approach was followed for deducing the mechanical ventilator market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for mechanical ventilator market to gather the most reliable and current information possible.

  • We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
  • We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
  • We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
  • We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
  • We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of mechanical ventilator market data depending on the type of information we’re trying to uncover in our research.

  • Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

  • Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

  • Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

  • Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

  • Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

  • Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

  • This step also entails the finalization of the report scope and data representation pattern.

  • Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Mechanical Ventilator Market Categorization:

The mechanical ventilator market was categorized into four segments, namely product (Critical Care, Neonatal, Transport & Portable), ventilation mode (Invasive, Non-invasive), end-use (Hospitals, Home Healthcare), and region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa).

Segment Market Methodology:

The mechanical ventilator market was segmented into product, ventilation mode, end-use, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

  • Demand estimation of each product across countries/regions summed up to from the total market.

  • Variable analysis for demand forecast.

  • Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

  • Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

  • Used extensively for new product forecasting or analyzing penetration levels.

  • Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

  • Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

  • This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The mechanical ventilator market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into thirty-one countries, namely, the U.S., Canada, the UK, Germany, France, Italy, Spain, Russia, Australia, Switzerland, Poland, Czechoslovakia, Denmark, Sweden, Norway, India, China, Japan, Australia, South Korea, Thailand, New Zealand, Singapore, Brazil, Mexico, Argentina, Colombia, Saudi Arabia, UAE, South Africa, Kuwait.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Mechanical ventilator market companies & financials:

The mechanical ventilator market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

  • Getinge AB - Getinge AB is a company that specializes in the production and distribution of biopharmaceutical and biomedical products. The company is divided into three segments: acute care therapies, surgical workflows, and life science. Within the acute care therapies segment, Getinge offers ventilators. With a global presence, the company sells its products in 139 countries and operates in over 40 countries. Its production facilities are strategically located in China, France, Germany, Turkey, Sweden, Poland, and the U.S. Getinge serves many customers, including life science institutions and hospitals. One of its notable product brands is Maquet, which operates under the umbrella of Getinge.

  • Becton, Dickinson, and Company (BD) - BD, also known as Becton, Dickinson, and Company, completed the acquisition of Carefusion Corporation in 2015. BD is a prominent medical technology company specializing in manufacturing and selling diagnostic products, medical devices, laboratory equipment, and medical supplies. Its customer base includes physicians, healthcare institutions, life science researchers, clinical laboratories, and the pharmaceutical industry. The company operates through three segments: Medical, LifeSciences, and Interventional. BD distributes its products through various channels and directly to end users with the help of sales representatives. With a global presence in over 190 countries, BD has successfully launched 25 significant products in 2019. In 2016, BD divested its majority stakes in the respiratory business and formed a joint venture called Vyaire Medical with Apax Funds. However, as of March 2020, BD has announced that it is no longer involved in the ventilator business.

  • Vyaire Medical Inc. - Vyaire Medical stands as a prominent player in the respiratory industry, renowned for its exceptional products and services. With a focus on surgical/anesthesia consumables and respiratory products, the company has established itself as a leading manufacturer and distributor. Vyaire Medical operates across four key sectors: airway management, ventilation, respiratory diagnostics, and operative care, ensuring comprehensive solutions for respiratory needs.

  • Medtronic - Medtronic plc is a global provider of medical services, technologies, and solutions. With a diverse range of offerings, the company operates through four distinct segments: Diabetes Group, Restorative Therapies Group, Minimally Invasive Therapies Group, and Cardiac and Vascular Group. Medtronic serves many customers, including hospitals, distributors, clinics, and other institutions. Within its portfolio, the minimally invasive therapies segment focuses on ventilation products. With a robust global presence, Medtronic operates 15 manufacturing facilities worldwide. In addition, the company maintains sales and administrative offices in four locations within the United States and an extensive network of 161 locations spanning over 66 countries worldwide.

  • Drägerwerk AG & Co. KGaA - Drägerwerk AG & Co. KGaA, commonly known as Dräger, is a renowned manufacturer specializing in safety technology and medical products. With a global reach, the company operates in approximately 190 countries worldwide. Offering a diverse product portfolio of 33 items, Dräger continues to innovate and expand its offerings. In 2018 alone, the company obtained an impressive 217 new patents. Dräger's commitment to excellence is reflected in its state-of-the-art development and manufacturing facilities in Germany, the US, Chile, the UK, China, Sweden, Czech Republic, South Africa, Norway, and India. Additionally, Dräger maintains sales subsidiaries in approximately 50 countries, further solidifying its international presence.

  • GE Healthcare - GE Healthcare is a leading provider of medical technologies and services that aim to enhance patient care. The company focuses on various areas such as medical diagnostics, drug discovery, medical imaging, information technologies, patient monitoring systems, performance solution services, and biopharmaceutical manufacturing technologies. With a global presence, GE Healthcare operates in over 140 countries, serving customers across three segments: healthcare systems, life sciences, and digital healthcare.

  • Koninklijke Philips N.V. - Philips, a renowned company known as Koninklijke Philips N.V., specializes in producing diagnostic and therapeutic devices. Its operations are divided into three reporting business segments: diagnosis & treatment, personal health, and connected care. Ventilators are among the products offered within the connected care segment. With a global presence, Philips operates approximately 35 manufacturing sites worldwide. The company adopts a diverse sales approach, utilizing online portals, direct sales, and third-party distributors to reach its customers.

  • Smiths Group plc - Smiths Group plc is the parent company of Smith's Medical, a renowned manufacturer of medical devices and consumables. With a global reach, Smith's Medical operates in approximately 120 countries and has a strong presence in around 30 countries. The company is divided into four segments: infusion systems, vascular access, vital care, and specialty products. Within the infusion systems segment, Smith's Medical offers a range of medication delivery products designed to address conditions like cancer and Parkinson's disease. The vascular access segment focuses on venous access methods, including catheters and needles. Lastly, the vital care and specialty products segment encompasses a variety of chronic disease management products, such as general anesthesia and respiratory & bronchial hygiene solutions.

  • Hamilton Medical - Hamilton Medical (Hamilton) operates as a worldwide provider of ventilation solutions. With a presence in more than 100 countries, the company distributes its products through a network of subsidiaries and distribution partners. Hamilton Medical offers a range of medical consumables, accessories, and ventilation devices. Their ventilation portfolio includes an automatic cuff pressure controller and a humidifier designed for use with mechanical ventilators. These products are well-suited for critical care transport, neonatal intensive care, MRI suites, long-term care, and adult and pediatric intensive care settings.

  • Cardinal Health - Cardinal Health, a multinational corporation listed on the Fortune 500, operates in the healthcare industry. The company specializes in two main categories: pharmaceuticals and medical products. Moreover, Cardinal Health provides cost-effective solutions to improve supply chain efficiency. With a global presence, the company caters to a diverse customer base, including hospitals, pharmacies, healthcare systems, ambulatory surgery centers, physician offices, clinical laboratories, and patients receiving care at home.

Value chain-based sizing & forecasting

Supply Side Estimates

  • Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

  • Segment revenue determination via variable analysis and penetration modeling.

  • Competitive benchmarking to identify market leaders and their collective revenue shares.

  • Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

  • Identifying parent markets and ancillary markets

  • Segment penetration analysis to obtain pertinent

  • revenue/volume

  • Heuristic forecasting with the help of subject matter experts

  • Forecasting via variable analysis

Mechanical Ventilator Market Report Objectives:

  • Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

  • Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

  • Understanding market estimates and forecasts (with the base year as 2022, historic information from 2017 to 2021, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Mechanical Ventilator Market Report Assumptions:

  • The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

  • The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

  • We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

  • All market estimates and forecasts have been validated through primary interviews with the key industry participants.

  • Inflation has not been accounted for to estimate and forecast the market.

  • Numbers may not add up due to rounding off.

  • Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

  • Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

  • Latin America includes Central American countries and the South American continent

  • Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

  • Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

  • Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.

What questions do you have? Get quick response from our industry experts. Request a Free Consultation
gvr icn

GET A FREE SAMPLE

gvr icn

This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.

gvr icn

NEED A CUSTOM REPORT?

We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports, as well as offer affordable discounts for start-ups & universities. Contact us now

Certified Icon

We are GDPR and CCPA compliant! Your transaction & personal information is safe and secure. For more details, please read our privacy policy.