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Mechanical Ventilator Market- Industry Dynamics, Market Size, And Opportunity Forecast To 2031

Global Mechanical Ventilator Market: By Component (Hardware/Devices, Services); Type (Negative pressure ventilation (NPV), Positive pressure ventilation (PPV); Mode (Invasive, Non-invasive, CPAP, BiPAP, Others); Mobility ( Fixed, Portable); Age Group (Pediatric & Neonatal, Adult, Geriatric); End User ( Hospital & Clinic, Home Care, Ambulatory Surgical Center, Others) and By Region - Market Size, Industry Dynamics, Opportunity Analysis and Forecast for 2023-2031

  • Published Date: 17-Apr-2023  |   Format: pdfpowerpointexcel  |  Report ID: AA0423427
    Delivery: 2 to 4 Hours


The demand for the mechanical ventilator market has been anticipated to grow at a CAGR of 8.16% during the forecast period 2023-2031.

The global mechanical ventilator market has been estimated to be from USD 4,577.82 million in 2022 to USD 8,938.98 million by 2031.

Key drivers expanding the market includes the growing prevalence of respiratory diseases and rising urbanization and pollution level.

The hospitals and clinics segment dominated the market, covering around 45% of the market share in 2022.

The demand for mechanical ventilators rises with an opportunity worth $ 4,361.16 million from 2023 to 2031.

The need for portable ventilators has increased during the forecast period due to a surge in preterm deliveries.

In terms of age group, the adult segment holds the maximum market share in 2022.  

North America region is dominating the market and holds half of the market share in 2022.

Owing to the use of non-invasive mechanical ventilation in a variety of applications and its capacity to deliver precise and higher oxygen concentrations, the segment is anticipated to increase the fastest during the forecast period.

High cost associated with mechanical ventilators is hampering the market.

By type, the global mechanical ventilator market is segmented into Negative pressure ventilation (NPV) and Positive pressure ventilation (PPV). Since it works well to keep critically sick patients' oxygenation and breathing at a sufficient level, Positive pressure ventilation (PPV) is the most frequently utilized in clinical practice and is dominating the market.

The demand for mechanical ventilators in has greatly increased because of the COVID-19 pandemic. Governments and healthcare organizations have boosted manufacturing and invested in R&D to enhance mechanical ventilators in response to the rising demand for them. In response to the COVID-19 epidemic, for instance, numerous businesses increased the manufacturing of mechanical ventilators, and some created brand-new, portable machines that may be used in both hospital and home settings.

The key manufacturers operating in the market are Becton, Dickinson, and Company, Bunnell Incorporated, Carl Reiner GmbH, Drägerwerk AG & Co. KGaA, GE Healthcare, Getinge AB, Hamilton Medical, ICU Medical, Inc, Koninklijke Philips N.V., and Medtronic among others.