Mechanical Ventilators Market Size, Share, and Trends 2024 to 2034

The global mechanical ventilators market size was estimated at USD 4.45 billion in 2022 and it is expected to surpass around USD 16 billion by 2032 and expand growth at a CAGR of 13.7% during the forecast period 2023 to 2032.

Key Takeaways

• By product, the critical care ventilators segment accounted for 36% market share in 2022.
• By ventilation mode, the non-invasive segment has reached 57% of the total revenue share in 2022.
• By end-use, the hospitals segment has held the highest revenue share of around 46% in 2022.
• North America region dominated the market with a market share of 56% in 2022.

Mechanical Ventilators Market Overview 

A mechanical ventilator is a machine that helps a patient breathe (ventilate) when they are having surgery or cannot breathe on their own due to critical disease. The patient is connected to the ventilator with a hollow tube (artificial airway) that goes in their mouth and down into their main airway or trachea. The two most common methods of mechanical ventilation are positive pressure ventilation, in which air is forced into the lungs, and negative pressure ventilation, in which air is sucked into the lungs by the stimulating movement of the chest. Mechanical ventilators are most commonly used to treat respiratory problems, strokes, chronic obstructive pulmonary disease, and other conditions. Mechanical ventilation is a life-supporting technique that helps patients with serious diseases breathe just to stay alive.

An increase in the geriatric population and the prevailing chronic respiratory disorders are expected to boost the demand for ventilators. Growing awareness regarding lung cancer the symptoms of lung cancer and an increase in the number of patients in middle hospitals swelling create a great demand for the growth of the ventilators market. The use of mechanical ventilation could also hurt the industry growth because there is an increased risk of infection due to the entry of germs through the airway. There could also be chances of collapsing of the small air sacs of the lungs or there could be some probable damage to the lung because of repetitive opening or inflation. These are the risks that are associated with the use of mechanical ventilators and these could hamper the growth of the market.

Unlike other industries, the pandemic has proven extremely beneficial for the mechanical ventilators market and it has had a positive impact on the growth of the market. Ventilation facilities were extensively used during the COVID outbreak. There was an increasing demand for ventilation facilities across all the hospitals during the pandemic. The demand for ventilators had led to the production of these ventilators during the pandemic major industry players increased their production capabilities to meet the demand. To make sure that the patients have timely availability of mechanical ventilators during the pandemic, various government initiatives were taken to provide the same. Government organization supply chain networks and the industry players were working together to meet the rising global demand for ventilators across the globe.

Mechanical Ventilators Market Scope

Mechanical Ventilators Market Dynamics

Due to the increasing number of COVID-19 cases, there was a demand for mechanical ventilators which helped in the growth of the market across many developed and developing nations and the increasing prevalence of chronic respiratory diseases which could be associated with pollution or any other factors has led to a growth in the market. There is a rise in healthcare expenditure in many nations and the general awareness regarding the existence of respiratory disorders has led to a growth in the market. Many hospitals are increasing the number of ICU beds or critical care beds post-pandemic to meet the demands of the future generation in case there is another pandemic. Growing research and development in this field and technological advancements are the reasons for the adoption of these mechanical ventilators across many hospitals or clinics.

The market is contributed by the increased frequency of respiratory disorders. Over the projection period, the use of long-term Home Mechanical Ventilation (HMV) for chronic respiratory failure caused by disorders such as thoracic disease, chronic obstructive pulmonary disease (COPD), and neuromuscular disease is expected to grow market.  According to a World Health Organization report, COPD affects roughly 65 million people globally, making it the third biggest cause of mortality in 2020. The growing aging population, increased cigarette smoke exposure, and indoor as well as outdoor pollution, are driving the market growth.

Using ventilators comes with several risks because they need proper guidance to use them. In addition to this dearth of skilled technical people is found in the market. Mechanical ventilators are expensive and require special care while handling. Difficulties observed during mechanical ventilators as the inappropriate working of alarm, ventilation sequence, etc. These are the challenges that could restrict the growth of the mechanical ventilator market.

COVID-19 Impact

The COVID-19 pandemic has increased sales of mechanical ventilators across hospitals and clinics. Respiratory failure is a complication of the COVID-19 infection, demanding critical care and ventilator support. For critically unwell COVID-19 patients, mechanical breathing has frequently been used for external oxygen supply. Furthermore, new COVID-19 delta and omicron variants with rapid spread rates discovered in mid-November 2021 have raised the danger of the third wave globally. In addition, major producers in the mechanical ventilators market as well as the government have made steps to increase production to meet the increased demand for ventilators during the pandemic.

Thus, the existence of several producers and efforts made by the government to boost market supply has fueled the industry's progress. Nevertheless, over the projected period, market development is constrained by the high price of mechanical ventilators and the risk of ventilator-associated infections such as nosocomial pneumonia.

Product Insights

Based on the product, the intensive care ventilator segment is expected to have significant market growth during the forecast period. The segment is expected to see growth due to various factors like the clinical benefits provided by the ventilator in acute respiratory failure, compromised lung functions, or any complications related to breathing. To maintain correct ventilation and provide support in health care facilities, these mechanical ventilators are widely used. Various functions like advanced monitoring and visual decision support are the driving factors of these mechanical ventilators and they will positively affect the mechanical ventilator’s market share during the forecast period.

Ventilation Mode Insights

Based on the ventilation mode, the segment is divided into Invasive Ventilation and Non-Invasive Ventilation. The non-invasive ventilation segment is expected to grow well during the forecast. The benefits provided by these noninvasive mechanical ventilators are a higher concentration of oxygen and precision, these factors are driving the market.

The noninvasive ventilation method provides better oxygen and decreases diaphragmatic work. Owing to all of these factors the mechanical ventilator segment with the noninvasive interface is expected to grow during the forecast period.

Type Insights

Based on the type, the adult ventilators segment shall have a larger market share during the forecast period owing to the increasing geriatric population and growing pollution across the globe. Moreover, the growth in this segment is also driving due to the people suffering from chronic obstructive pulmonary disease, asthma, and other breathing issues. Chronic obstructive pulmonary disease is extremely common among the adult population across the globe. Due to all of these reasons, the market for the adult ventilator shall grow during the forecast period.

Component Insights

Based on the component, the market is categorized into devices and services. The device segment was the major contributor in 2022 and is expected to maintain its lead during the forecast period, owing to an increase in demand for the mechanical ventilators market. However, the services segment is expected to witness considerable growth during the forecast period, due to an increase in sales in the market.

End-User Insights

Based on the end-user segment, the hospital segment dominated the market till the year 2022. Increased availability of trained health care providers for operating and functioning these ventilators, there is enhanced productivity of hospitals in stimulating the revenue of this business and there is a growing emphasis on providing quality care services to the customers. These are the factors that help in the growth of the market and they shall drive the market during the forecast period.

Major players are expanding their hospital chains to offer better diagnoses and good treatment, these hospitals are developing their infrastructure services to provide a range of services that help in combating respiratory diseases. Owing to these reasons the market shall grow. There is a growing preference amongst customers to visit the hospital for the treatment of chronic respiratory diseases. As the hospitals can provide a range of novel technologies for treating these disorders and as they are easily accessible the health care facilities segment shall see growth.

Mechanical Ventilators Market Share, By Region, 2022 (%)

Regional Insights

The North America region dominated the market till the year 2022. The US had the largest market share in this region. The increasing prevalence of chronic respiratory diseases and also the presence of major market players in these countries which provide good accessibility to various advanced technologies are boosting the market in this region. The use of technically advanced ventilators and good services provided in this region are helping in the growth of the market. The availability of various treatment procedures shall drive the market during the forecast. Chronic obstructive pulmonary disease is a leading cause of death in the United States. This disease causes serious long-term disability and also early deaths which are creating a great demand for ventilators and helping in generating revenue for this market. The demand for mechanical ventilators is also expected to rise in Canada in the coming years. The use of noninvasive ventilators which help in avoiding lung injury is being used in this region which drives the growth of the mechanical ventilators market during the forecast period.

The Asia Pacific is expected to be the most lucrative market during the study period. The frequency of respiratory disorders in the region is expected to grow due to increasing pollution as a result of increased urbanization and industry. Furthermore, increased government investments in the development of advanced healthcare infrastructure are likely to boost ventilator usage across the region's hospital facilities that supplement the market growth.

Recent Developments

• In January 2022, OES Medical joined the ABHI UK Pavilion at Arab Health to launch a new mains-powered ICU ventilator to support hospitals to manage the oxygen demand for the patients.
• In May 2021, CorVent Medical received CE Mark approval and launched commercial use of its RESPOND-19 Ventilator in Europe. The novel system was designed to ease the usability, it has the flexible growth of critical care ventilation capacity to allow hospitals to improve the treatment of critical patients suffering from acute respiratory distress syndrome (ARDS).
• In January 2021, Inovytec signed an agreement with Italy, Brazil, and Israel to deliver 1,500 progressive portable ventilators. Patients with respiratory disorders benefited from portable ventilators during and after the COVID-19 pandemic.
• In April 2020, InnAccel Technologies announced the introduction of a non-invasive ventilation system intended for use in ICU with COVID-19 patients.
• In March 2020, Koninklijke Philips N.V. built a production of ventilator facilities in the United States to meet the increasing demand for ventilators during the COVID-19 pandemic.
• In March 2020, Zoll Medical Corporation increased in production capacity to 10,000 ventilators per month. This boost in production capacity benefited the treatment of COVID-19 patients and eventually helped to expand the market.
• In August 2019, Smiths Medical, teamed up with Medline Industries to market its port devices. The partnership focuses on non-acute and home care channels, as well as increasing the respiratory division's market internationally.

Mechanical Ventilators Market Companies

Mechanical ventilation is a quite competitive market. The market is growing because some of the leading companies are producing and introducing new goods, while others are distributing ventilators. Manufacturers are preparing to increase production capacity to fulfill increased worldwide demand and combat the COVID-19 outbreak. The British government placed an order for 10,000 ventilators with the German firm Drägerwerk AG & Co., which is equal to its yearly production capacity. Hamilton Medical has increased its yearly output of 15,000 mechanical ventilators by 30.0% to 40.0%, and now produces roughly 80 ventilators per day. In March 2020, this company sent approximately 400 ventilators to Italy. 

The market is close to saturation, as several manufacturers have increased their manufacturing facilities to suit the demand during the COVID-19 peak, and ventilators will be abundant following the Covid-19 situation. However, as the prevalence of chronic diseases is predicted to rise, critical care units such as ventilators will continue to be in high demand in the coming years. Furthermore, technological advances are expected to boost demand for low-cost and advanced feature ventilators over the forecast period.

Some of the Prominent Players Profiled in the Report Include:

• Getinge AB
• Medtronic
• Vyaire Medical Inc.
• Drägerwerk AG & Co. KGaA
• Koninklijke Philips N.V.
• Hamilton Medical
• General Electric Company
• ICU Medical, Inc. 
• ZOLL Medical Corporation
• Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

Segments Covered in the Report

By Product

• Intensive Care Ventilators
  • High-end
  • Mid-end
  • Basic-end
• Portable/Transport/Ambulatory
• Neonatal Care
• Others

By Ventilation Mode

• Invasive Ventilation
• Non-Invasive Ventilation
  • CPAP
  • BiPAP
  • Others

By Type

• Pediatric & Neonatal
• Adult
• Geriatric

By Component

• Devices
• Services

By Application

• Resuscitation
• Homecare Applications
• Emergency/Transport
• Sleep Apnea Therapy
• Anesthesiology
• Clinical Applications
• Others

By End-User

• Hospitals
• Home Healthcare
• Ambulatory Care Centers
• Other

By Geography

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa (MEA)