The Ventilators Market to Hit $2.56 Billion by 2029, Tremendous Growth Opportunities for Existing Vendors & New Entrants - Exclusive Focus Insight Report by Arizton

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Feb 13, 2024, 12:50 ET

CHICAGO, Feb. 13, 2024 /PRNewswire/ -- According to Arizton's latest focus insight report, the global ventilators market is growing at a CAGR of 6.50% from 2023 to 2029.

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Ventilators Market Focus Insight Report by Arizton

Ventilators are vital to healthcare services, from hospitals to ambulatory healthcare services and homecare settings. The changing healthcare services in emerging markets and significant achieved development with developed countries consistently drive the ventilator market growth.

There are some other conditions, such as acute respiratory distress syndrome, asthma, cardiac arrest, pneumonia, collapsed lung, stroke, coma, drug overdose, hypercapnic respiratory failure, lung infection, myasthenia gravis, sepsis, an infection in the blood, upper spinal cord injuries, premature lung development (in babies) that will drive the market consistently in the upcoming period.

In 2023, North America emerged as the dominant player in the global ventilators market. Within North America, the United States stands out with the highest per capita healthcare expenditure, which has fueled the adoption of ventilators in homecare settings and driven significant demand. However, this high healthcare expenditure has also contributed to the complexity of the healthcare system in the US.

The market's growth in North America is further propelled by technological advancements in ventilators, leading to the continuous introduction of new products. Additionally, factors such as the increasing geriatric population, prevalence of chronic diseases like cardiovascular diseases and diabetes, rising surgical procedures, and demand for emergency healthcare services have all contributed to the growing application of ventilators in the region.

North America's ventilators market is highly competitive, with several prominent players striving to maintain their foothold by introducing new products to meet the rising demand. Key vendors in this market include Hamilton Medical, Koninklijke Philips, GE Healthcare, Medtronic, and Resmed. These companies are implementing various strategies such as mergers, acquisitions, partnerships, and collaborations with key vendors to expand their distribution networks. This is anticipated to drive market growth further during the forecast period.

For example, in 2022, ICU Medical's acquisition of Smith plc aimed to bolster ICU Medical's product line, including infusion therapy and ventilators, reflecting a strategic move to support market expansion and meet growing demand.

Competitive Overview

Many emerging med-tech companies pose a considerable threat to global players due to their innovative products and technologies. The market offers tremendous growth opportunities for both existing players and new entrants, which is attributable to a considerably large target patient population with COPD conditions.
Most prominent players in the market focus on implementing various strategies, such as new product launches and approvals, marketing and promotional activities, acquisitions, R&D initiatives, and strengthened distribution networks to enhance their revenue share and presence in the market.
Further, there has been an unprecedented surge in demand for ventilators since the COVID-19 outbreak. With the sudden surge in demand for ventilators, both global and domestic vendors are ramping up their production capabilities to meet the rising demand. Many vendors worldwide have increased their production capacities for ventilators by 50% to 200%.

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Product Segmentation & Forecast

Interface
Invasive
Non-Invasive
Mobility
Standalone/Standard Ventilators
Portable Ventilators
Patient Group
Adults
Pediatrics/Neonates
Application
Critical Care
Emergency Care
Homecare
Neonatal Care
End-users
Hospitals
Homecare Settings
Emergency Care Providers
Others

Vendors List

KoninKlijke Philips
Hamilton Medical
Resmed
Medtronic plc
Vyaire Medicals
GE Healthcare
Schiller
Dragerwerk
ICU Medicals
Abronn FZE
A.B. Industries
Airon
Acutronic Medical Systems
Aeonmed
AgVa Healthcare
Air Liquide
Axcent Medical
Avasarala Technologies
Bio-Med Devices
Bunnel
Cardinal Health
Delux Scientific Surgo
Dima Italia
Fritz Stephan
Getinge
Hartwell Medical
HEYER Medical
Hill-rom Services
Lowenstein Medical Innovation
MEKICS
Narang Medical
Oceanic Medical Products
Mindray Bio-Medical Electronics
Saire Engineering International Group
S.I.E.M
SI Surgical
Skanray Technologies
Tecme
Triton Electronic Systems
Ventec Life Systems

Key Questions Answered in the Report:
What is the projected value of the global ventilators market by 2029?
What factors are driving the growth of the global ventilators market?
What segment holds the largest share in the ventilators market?

Table of Contents

CHAPTER – 1: Ventilators Market Overview

Executive Summary
Key Findings

CHAPTER – 2: Ventilators Market

GLOBAL: Projected Revenue of Ventilators Market (2023-2029; $Millions)

CHAPTER – 3: Ventilators Market Segmentation Data

GLOBAL: Projected Revenue by Interface (2023-2029; $Millions)
Invasive
Non-invasive
GLOBAL: Projected Revenue by Mobility (2023-2029; $Millions)
Standalone/Standard Ventilators
Portable Ventilators
GLOBAL: Projected Revenue by Patient Group (2023-2029; $Millions)
Adults
Pediatrics/Neonates
GLOBAL: Projected Revenue by Application (2023-2029; $Millions)
Critical Care
Emergency Care
Homecare
Neonatal Care
GLOBAL: Projected Revenue by End-user (2023-2029; $Millions)
Hospitals
Homecare Settings
Emergency Care Providers
Others

CHAPTER – 4: Key Regions Overview

North America: Projected Revenue of Ventilators Market (2023-2029; $Millions)
Projected Revenue of Ventilators Market in US
Projected Revenue of Ventilators Market in Canada
Europe: Projected Revenue of Ventilators Market (2023-2029; $Millions)
Projected Revenue of Ventilators Market in Germany
Projected Revenue of Ventilators Market in UK
Projected Revenue of Ventilators Market in France
Projected Revenue of Ventilators Market in Italy
Projected Revenue of Ventilators Market in Spain
APAC: Projected Revenue of Ventilators Market (2023-2029; $Millions)
Projected Revenue of Ventilators Market in China
Projected Revenue of Ventilators Market in Japan
Projected Revenue of Ventilators Market in India
Latin America: Projected Revenue of Ventilators Market (2023-2029; $Millions)
Projected Revenue of Ventilators Market in Brazil
Projected Revenue of Ventilators Market in Mexico
Projected Revenue of Ventilators Market in Argentina
Middle East & Africa: Projected Revenue of Ventilators Market (2023-2029; $Millions)
Projected Revenue of Ventilators Market in Turkey
Projected Revenue of Ventilators Market in Saudi Arabia
Projected Revenue of Ventilators Market in South Africa

CHAPTER – 5: Ventilators Market Prospects & Opportunities

Ventilators Market Opportunities & Trends
Ventilators Market Drivers
Ventilators Market Constraints

CHAPTER – 6: Ventilators Industry Overview

Ventilators Market - Competitive Landscape
Ventilators Market – Key Vendor Profiles
Ventilators Market – Other Prominent Vendors
Ventilators Market - Key Strategic Recommendations

CHAPTER – 7: Appendix

Research Methodology
Abbreviations
About Arizton

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