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Home » Medical Devices » Anesthesia and Respiratory Devices

Ventilators Market Size (Value, Volume, ASP) by Segments, Share, Trend and SWOT Analysis, Regulatory and Reimbursement Landscape, Procedures, and Forecast, 2015-2030

The ventilators market size was valued at $1.88 billion in 2021. Ventilators are commonly used in hospitals, home settings, and long-term care facilities. The devices are available from device manufacturers and third-party suppliers. Ventilators are highly involved in the diagnostic and therapeutic areas for acute and chronic respiratory diseases.

The ventilators market research report was built to visualize quantitative market trends within the anesthesia and respiratory devices therapeutic area. Moreover, it discusses the effect of COVID-19 on the ventilators market for the year 2021 and beyond.

Ventilators Market Overview

Ventilators Market Overview

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What are the market dynamics in the ventilators industry?

Modern respiratory ventilators strive to ensure patient safety and improve ventilation outcomes while providing portable and cost-effective solutions in a variety of clinical settings. Mechanical ventilators dominate the ventilation devices market, due to their effective functionalities and advanced features. Due to the large installed base in intensive care units (ICU) and increasing numbers of ICU admissions, the market for critical care ventilators leads the ventilators market with steady growth. Meanwhile, today’s transport ventilators with more advanced modes have consistently gained acceptance. The new technologies of ventilators, including closed-loop modes, automated weaning features, and smart alarm systems, continue to improve patient outcomes, ease of use, and efficiency.

To ensure optimum respiratory care, ventilators must adapt to each different individual’s situation and a patient’s changing condition. This not only reduces complications and sedation but also largely increases patient comfort and weans patients earlier.

What is the regional level outlook of the ventilators market?

The key regions in the ventilators market are North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

Ventilators market in North America

North America holds the largest share of the market, and the region is also expected to retain its position during the forecast period. In addition, the US holds the largest contribution to the regional market.

Ventilators market in Europe

The market growth will be stable in this region in the future. While revenue growth will be positive through the forecast period, the economic climate in Europe will affect the market expansion. The critical care ventilators segment is also expected to lead the EU ventilators market.

Ventilators market in Asia Pacific

The market in the Asia Pacific is expected to grow at a fast rate because of the high prevalence and incidence of acute and chronic respiratory diseases in the region. The growing awareness of the devices is expected to drive the market. Like most geographies, the APAC regions feature critical care ventilators as the leading ventilators segment.

Ventilators market in South & Central America

Due to increasing demand, improving healthcare infrastructures, and widening of distribution networks, the market in South & Central America grows stably. High inflation rates and weakening currencies in some countries have impacted the budgets of the public healthcare systems.

Ventilators market in Middle East & Africa

Increasing investments in the healthcare infrastructure, as well as state-of-the-art medical research facilities in the Middle East and Africa, will drive expanded access to the device in the forecast period, along with a growing population, improvements in life expectancy, and increased awareness among both patients and physicians regarding available treatment options.

What are the key segments in the ventilators market?

The key segments in the ventilators market are critical care ventilators and transport ventilators.

Critical care ventilators

Critical care ventilators also known as intensive care ventilators, provide artificial respiratory support to critical patients in ICUs. These devices are controlled by a microprocessor integrated facility and are suitable for neonatal, pediatric, and adult patients. The device is equipped with a set of valves and tubes, a compressible air reservoir, a continuous supply of air, oxygen, and power supply, and a disposable/reusable circuit.

Transport ventilators

Transport ventilators also known as portable ventilators, provide artificial respiratory support to critical patients during their transportation within various departments of a hospital, outside the hospital in mobile medical transport applications or in-home care settings. It consists of compressed air and oxygen supplies, a set of valves and tubes, and a disposable/reusable circuit along with battery units for power supply.

Ventilators Market Analysis by Segments

Ventilators Market Analysis by Segments

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Which are the key companies in the ventilators market?

Some of the key companies in the ventilators market are Medtronic Plc, Koninklijke Philips N.V, Getinge AB, Dragerwerk AG & Co KGaA, Hamilton Bonaduz AG, Vyaire Medical Inc, Air Liquide SA, GE Healthcare, ICU Medical Inc, Shenzhen Mindray Bio-Medical Electronics Co Ltd, and Nihon Kohden Corp.

Ventilators Market Analysis by Companies

Ventilators Market Analysis by Companies

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Market Report Scope

Market size (Year – 2021) $1.88 billion
Key regions North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa
Key segments Critical Care Ventilators and Transport Ventilators
Key companies Medtronic Plc, Koninklijke Philips N.V, Getinge AB, Dragerwerk AG & Co KGaA, Hamilton Bonaduz AG, Vyaire Medical Inc, Air Liquide SA, GE Healthcare, ICU Medical Inc, Shenzhen Mindray Bio-Medical Electronics Co Ltd, and Nihon Kohden Corp

Scope

This market model gives important, expert insight you won’t find in any other source. The model illustrates qualitative and quantitative trends within the specified market. This model is required reading for –

  • CMO executives must have a deep understanding of the ventilators marketplace to make strategic planning and investment decisions.
  • Sourcing and procurement executives must understand crucial components of the supply base to make decisions about supplier selection and management.
  • Private equity investors need a deeper understanding of the market to identify and value potential investment targets.

Reasons to Buy

  • Understand the impact of COVID-19 on the ventilators market.
  • Develop and design your in-licensing and out-licensing strategies through a review of pipeline products and technologies, and by identifying the companies with the most robust pipeline.
  • Develop business strategies by understanding the trends shaping and driving the ventilators market.
  • Drive revenues by understanding the key trends, innovative products and technologies, market segments, and companies likely to impact the ventilators market in the future.
  • Formulate effective sales and marketing strategies by understanding the competitive landscape and by analyzing the company’s share of market leaders.
  • Identify emerging players with potentially strong product portfolios and create effective counterstrategies to gain a competitive advantage.
  • Track device sales in the global and country-specific ventilators market from 2015-to 2030.
  • Organize your sales and marketing efforts by identifying the market categories and segments that present maximum opportunities for consolidations, investments, and strategic partnerships.

Key Players

Medtronic Plc

Koninklijke Philips N.V

Getinge AB

Dragerwerk AG & Co KGaA

Hamilton Bonaduz AG

Vyaire Medical Inc

Air Liquide SA

GE Healthcare

ICU Medical Inc

Shenzhen Mindray Bio-Medical Electronics Co Ltd

Nihon Kohden Corp

Others

Frequently Asked Questions

The ventilators market size was $1.88 billion in the year 2021

The key regions in the ventilators market are North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

The key segments in the ventilators market are critical care ventilators and transport ventilators.

Some of the key companies in the ventilators market are Medtronic Plc, Koninklijke Philips N.V, Getinge AB, Dragerwerk AG & Co KGaA, Hamilton Bonaduz AG, Vyaire Medical Inc, Air Liquide SA, GE Healthcare, ICU Medical Inc, Shenzhen Mindray Bio-Medical Electronics Co Ltd, and Nihon Kohden Corp.

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