Ventilators Market Size by Segments, Share, Regulatory, Reimbursement, Installed Base and Forecast to 2033
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Ventilators Market Report Overview
The ventilators market size was $1.59 billion in 2023. The market is expected to grow at a CAGR of more than 3% during 2023-2033. A ventilator is an artificial respiratory support device that helps respiratory patients or those having breathing problems. A ventilator uses air pressure to deliver air into the lungs and alternatively, creates vacuum pressure to release carbon dioxide from it.
Ventilators Market Outlook, 2023-2033 ($ Billion)
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The Ventilators market research report has been created to help understand market behavior, which will help identify quantitative market trends in the anesthesia and respiratory devices therapeutic area. It discusses in detail the impact of COVID-19 on the ventilators market for the year 2020 and beyond. The report has extensively covered pipeline products and technologies, which will help in identifying companies with the most robust pipeline. This, in turn, will assist in predictive analysis for designing your in-licensing and out-licensing strategies.
Market Size (2023) | $1.59 billion |
CAGR (2023-2033) | >3% |
Forecast Period | 2023-2033 |
Historical Period | 2015-2022 |
Key Segments | · Critical Care Ventilators
· Transport Ventilators |
Key Regions | · North America
· Europe · Asia Pacific · South Central America · Middle East and Africa |
Leading Companies | · Medtronic Plc
· Philips Respironics Inc · Maquet AG · Dragerwerk AG & Co KGaA · Hamilton Medical AG |
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Ventilators Market Dynamics
The huge geriatric population base suffering from respiratory diseases such as COPD is the primary driver of the respiratory ventilation market. The global population suffers from COPD due to smoking and poor air quality as well. Ventilators are highly involved with the diagnostic and therapeutic areas for acute and chronic respiratory diseases.
Ventilators Market Segments
The key segments in the ventilators market are critical care ventilators and transport ventilators. Critical care ventilators accounted for the highest share of the ventilators market in 2023. Critical 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.
Ventilators Market Analysis by Segments, 2023 (%)
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Ventilators Market Segmentation by Regions
The key regions in the ventilators market are North America, Europe, Asia Pacific, South Central America, and the Middle East and Africa. In 2023, Europe dominated the ventilators market. In the future, the regional market growth is expected to be stable. While revenue growth will be positive through the forecast period, the economic climate in Europe will affect the market expansion.
Ventilators Market Analysis by Regions, 2023 (%)
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Ventilators Market - Competitive Landscape
A few of the leading companies in the ventilators market are:
- Medtronic Plc
- Philips Respironics Inc
- Maquet AG
- Dragerwerk AG & Co KGaA
- Hamilton Medical AG
Medtronic Plc dominated the market in 2023.
Ventilators Market Analysis by Companies, 2023 (%)
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Segments Covered in the Report
Ventilators Segments Outlook (Value, $ Billion, 2015-2033)
- Critical Care Ventilators
- Transport Ventilators
Ventilators Regional Outlook (Value, $ Billion, 2015-2033)
- North America
- Europe
- Asia Pacific
- South Central America
- Middle East & Africa
Key Inclusions
Currently marketed Ventilators and evolving competitive landscape:
- Insightful review of the key industry trends.
- Annualized total Ventilators market revenue by segment and market outlooks from 2015-2033.
- Market-level data on units, average selling prices, and market values.
Global, Regional, and Country level market specific insights:
- Qualitative market-specific information is available with global trends further broken down into regional trends. In addition, GlobalData analysts provide unique country-specific insights on the market.
- SWOT analysis for the Ventilators market.
- Competitive dynamics insights and trends provided for the Ventilators market.
Get an in-depth understanding of consumer behavior through the market access segment and the overview of the healthcare system. The report also offers information on reimbursement policies and the regulatory landscape.
- Country-specific overview of the healthcare system.
- Country-specific reimbursement policies.
- Country-specific medtech regulatory landscape.
Robust methodologies and sources enable the model to provide an extensive and accurate overview of the market. Demand and supply-side primary sources are integrated within the syndicated models, including Key Opinion Leaders. In addition, the report helps determine market trends through real-world data sources including government procedure databases, hospital purchasing databases, and proprietary online databases.
Companies covered: Medtronic Plc, Philips Respironics Inc, Maquet AG, Dragerwerk AG & Co KGaA, Hamilton AG, Vyaire Medical Inc, Air Liquide SA, GE HealthCare Technologies Inc, ICU Medical Inc, Shenzhen Mindray Bio-Medical Electronics Co Ltd, Nihon Kohden Corp, and others.
Countries covered: United States, United Kingdom, Germany, France, Italy, Spain, Brazil, China, India, Russia, Japan, Australia, Canada, Mexico, South Korea, Denmark, Ireland, Netherlands, New Zealand, South Africa, Sweden, Switzerland, Austria, Belgium, Finland, Israel, Norway, Poland, Portugal, Taiwan, Czech Republic, Greece, Hungary, Turkey, Egypt, Saudi Arabia, United Arab Emirates, Argentina, and Chile.
Scope
This report provides:
- Insightful review of the key industry trends.
- Annualized total Ventilators market revenue by segment and market outlooks.
- Market-level data on units, average selling prices, and market values.
- Global, regional, and country-level market-specific insights including qualitative market-specific information with global trends further broken down into regional trends. In addition, GlobalData analysts provide unique country-specific insights on the market.
- SWOT analysis for the Ventilators market.
- Competitive dynamics insights and trends provided for the Ventilators market.
- Country-specific overview of the healthcare system.
- Country-specific reimbursement policies.
- Country-specific medtech regulatory landscape.
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 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 2015-2033.
- Organize your sales and marketing efforts by identifying the market categories and segments that present maximum opportunities for consolidations, investments, and strategic partnerships.
Koninklijke Philips NV
Getinge AB
Dragerwerk AG & Co KGaA
Hamilton Bonaduz AG
Vyaire Medical Inc
Air Liquide SA
GE HealthCare Technologies Inc
ICU Medical Inc
Shenzhen Mindray Bio-Medical Electronics Co Ltd
Nihon Kohden Corp
Others
Frequently asked questions
-
What was the ventilators market size in 2023?
The ventilators market size was $1.59 billion in 2023.
-
What will the ventilators market growth rate be during the forecast period?
The ventilators market is expected to grow at a CAGR of more than 3% during 2023-2033.
-
Which region dominated the ventilators market in 2023?
Europe dominated the overall ventilators market in 2023.
-
Which segment led the ventilators market in 2023?
Critical care ventilators led the ventilators market in 2023.
-
Which are the leading companies in the ventilators market?
A few of the leading companies in the ventilators market are Medtronic Plc, Philips Respironics Inc, Maquet AG, Dragerwerk AG & Co KGaA, and Hamilton Medical AG, among others.
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