Sales of Ventilators are projected to increase at a high CAGR of 5.0% during the forecast period – Koninklijke Philips N.V., Getinge AB, ResMed, Medtronic

The global ventilators market was valued at USD 1.8 billion in 2021 and it is anticipated to grow up to USD 2.9 billion by 2031, at a CAGR of 5.0% during the forecast period.

The ventilator is basically an equipment which is used in intensive care units to help patients breathe when they are unable to do so on their own. Ventilators can be employed on the system either temporarily or permanently (as in long-term care) and are used across utilized in hospital settings, rehabilitation centers and at home. Mechanical ventilation, an endotracheal tube, and a nasogastric drain are the components of a ventilator.

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Ventilation devices remove carbon dioxide from the patient’s body by supplying oxygen. It is used to keep people alive, but it is not used to treat illnesses or medical disorders. The mechanical ventilation system is used for patients with chronic diseases such as chronic obstructive pulmonary disease (COPD), asthma, brain traumas, and strokes.

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Market Trends and Drivers

Rising prevalence of chronic obstructive pulmonary disease (COPD) and other respiratory disorders such as sleep apnea, acute lung injury, and hypoxemia are the most significant factors driving this market’s growth. The increasing number of preterm births and rapid growth in the geriatric population are also expected to accelerate the market’s overall growth. Moreover, the high prevalence of tobacco smoking which leads to respiratory disease will bolster the growth of the market.

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Global Ventilators Market Segmentation

By Product

  • Intensive Care Ventilators
  • Portable Ventilators
  • Neonatal Ventilators

By Mobility

  • Non-Invasive Ventilation
  • Invasive Ventilation

By Type

  • Adult Ventilators
  • Neonatal Ventilators
  • Paediatric Ventilators

By Mode

  • Combined-Mode Ventilation
  • Volume-Mode Ventilation
  • Pressure-Mode Ventilation
  • Others

By End-use

  • Hospitals
  • Ambulatory Surgery Centres
  • Specialty Clinics
  • Home Healthcare
  • Others

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