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DOWNLOAD SAMPLE“Global Ventilators Market by Interface (Invasive, Non-Invasive), by Mobility (Standalone/Standard Ventilators, Portable Ventilators), by Application (Critical Care, Emergency Care, Homecare, Neonatal Care), by End-users (Hospitals, Homecare Settings, Emergency Care Providers, and Others); Key Regions - Growth, Insights, Forecast 2024-2029”
GLOBAL VENTILATORS MARKET INSIGHTS
The global ventilators market, valued at USD 1.75 Billion in 2023, is expected to reach USD 2.56 Billion by 2029, growing at a CAGR of 6.50%. This growth is primarily driven by the increasing prevalence of COPD and other respiratory disorders, including the impact of the COVID-19 pandemic. Invasive ventilators, holding the largest market share, are crucial for treating various acute and chronic respiratory conditions, especially in the aging population.
The market is also witnessing growth due to advancements in non-invasive ventilators (NIV), which have become essential in managing chronic and acute respiratory failures in both critical and home care settings. The adoption of NIV is growing due to its efficacy and ease of use, particularly for COPD management.
Awareness of respiratory diseases and the availability of treatment options have increased, further propelling the market. Technological advancements have led to the development of sophisticated portable ventilators, enhancing patient care in hospital and home settings. For example, ResMed's Astral 100 and Astral 150 ventilators offer personalized care across various patient care stages.
The demand for ventilators is also high in the adult population worldwide, given the high prevalence of respiratory diseases like asthma and COPD. The need for ICU treatment and ventilation support is expected to drive market growth. Pediatric patients in ICUs/PICUs also frequently require mechanical ventilation for respiratory illnesses.
The North American market, particularly the US, is highly competitive, with key players like Hamilton Medical, Koninklijke Philips, GE Healthcare, and Medtronic leading the way. The European market and countries like Germany are also significant, especially given the recent surge in COVID-19 cases.
In APAC, the growing geriatric population and technological innovations in respiratory care devices are major driving factors, while Latin America and the Middle East & Africa are developing markets with increasing medical needs and healthcare infrastructure developments.
The market faces challenges like high costs and the need for extensive training to operate ventilators. However, technological advancements have led to the development of lightweight and portable ventilators, improving mobility and patient care in daily life.
In summary, the global ventilators market is experiencing significant growth due to the rising prevalence of respiratory diseases, technological advancements, and increased healthcare expenditure. The market's competitive landscape is defined by key global players focusing on product innovation and expansion strategies to meet growth.
GLOBAL VENTILATORS MARKET KEY HIGHLIGHTS:
- The global ventilators market is one of the fastest-growing segments in the medical devices market. This surge in growth is attributable to the prevalence/incidence of COPD patients and other related respiratory diseases. The changing healthcare services in emerging markets and significant achieved development with developed countries consistently drive the ventilator market growth.
- By interface type, Invasive ventilators accounted for the highest share. Factors such as the increasing aging population and rise in chronic respiratory conditions require invasive ventilation, which drives the market growth of invasive ventilation.
- By mobility, the standalone ventilators accounted for the highest share. The rising number of acute care hospitals, multi-specialty healthcare services, and NICUs are the major factors that drive the high adoption of standard ventilators.
- By patient group, the adult patient group accounted for the highest share. The increasing incidence rate of acute respiratory distress syndrome is highly found in the adult and elderly population. As per the National Center for Biotechnology Information report, the incidence rate of acute respiratory distress syndrome (ARDS) increases by age group.
- By Application, the critical care segment is growing with an absolute growth of over 40%. Both invasive and non-invasive ventilators are widely used to treat patients in critical care departments. Technological advancements led to the upgrade of ventilation, such as tracheostomy tubes, to trailblazing ventilation with unique features, such as interactive display and alarm, significantly impacting the use of ventilators for critical care.
- By End-user, the hospitals segment is expected to cross $1 billion by 2029. Ventilators are the most vital part of hospitals due to the increasing demand for critical care services from hospitals.
- KoninKlijke Philips, Hamilton Medical, Resmed, Medtronic plc, & GE Healthcare are some of the leading players currently dominating the global ventilators market. The major players focus on strategic acquisitions and collaborations with emerging players to enter the ventilator market and access commercially launched products.
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Summary
THE FOLLOWING MARKET SEGMENT ANALYSIS IS INCLUDED IN THIS REPORT
REPORT HIGHLIGHTS
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
MARKET STRUCTURE
- Market Dynamics
- Competitive Landscape of Ventilators Market
- Key Vendors
- Other Prominent Vendors
APPENDIX
- Research Methodology
- Abbreviations
- About Arizton
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
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Table Of Contents
- Executive Summary
- Key Findings
- GLOBAL: Projected Revenue of Ventilators Market (2023-2029; $Millions)
- Research Methodology
- Abbreviations
- About Arizton
- 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
- 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
- Ventilators Market Opportunities & Trends
- Ventilators Market Drivers
- Ventilators Market Constraints
- Ventilators Market - Competitive Landscape
- Ventilators Market – Key Vendor Profiles
- Ventilators Market – Other Prominent Vendors
- Ventilators Market - Key Strategic Recommendations
Exhibit 1: Projected Revenues of Ventilators in Global (2023-2029; $ Mn)
Exhibit 2: Projected Revenue of Ventilators by Invasive (2023-2029; $ Mn)
Exhibit 3: Projected Revenue of Ventilators by Non-invasive ($ Mn)
Exhibit 4: Projected Revenues of Ventilators by Standard Ventilators (2023-2029; $ Mn)
Exhibit 5: Projected Revenues of Ventilators by Portable Ventilators (2023-2029; $ Mn)
Exhibit 6: Projected Revenues of Ventilators by Adults (2023-2029; $ Mn)
Exhibit 7: Projected Revenues of Ventilators by Pediatrics/Neonates (2023-2029; $ Mn)
Exhibit 8: Projected Revenues of Ventilators by Critical Care (2023-2029; $ Mn)
Exhibit 9: Projected Revenues of Ventilators by Emergency Care (2023-2029; $ Mn)
Exhibit 10: Projected Revenues of Ventilators by Homecare (2023-2029; $ Mn)
Exhibit 11: Projected Revenues of Ventilators by Neonatal Care (2023-2029; $ Mn)
Exhibit 12: Projected Revenues of Ventilators by Hospitals (2023-2029; $ Mn)
Exhibit 13: Projected Revenues of Ventilators by Homecare Settings (2023-2029; $ Mn)
Exhibit 14: Projected Revenues of Ventilators by Emergency Care Providers (2023-2029; $ Mn)
Exhibit 15: Projected Revenues of Ventilators by Others (2023-2029; $ Mn)
Exhibit 16: Projected Revenues of Ventilators in North America (2023-2029; $ Mn)
Exhibit 17: Projected Revenues of Ventilators in US (2023-2029; $ Mn)
Exhibit 18: Projected Revenues of Ventilators in Canada (2023-2029; $ Mn)
Exhibit 19: Projected Revenues of Ventilators in Europe (2023-2029; $ Mn)
Exhibit 20: Projected Revenues of Ventilators in Germany (2023-2029; $ Mn)
Exhibit 21: Projected Revenues of Ventilators in UK (2023-2029; $ Mn)
Exhibit 22: Projected Revenues of Ventilators in France (2023-2029; $ Mn)
Exhibit 23: Projected Revenues of Ventilators in Italy (2023-2029; $ Mn)
Exhibit 24: Projected Revenues of Ventilators in Spain (2023-2029; $ Mn)
Exhibit 25: Projected Revenues of Ventilators in APAC (2023-2029; $ Mn)
Exhibit 26: Projected Revenues of Ventilators in China (2023-2029; $ Mn)
Exhibit 27: Projected Revenues of Ventilators in Japan (2023-2029; $ Mn)
Exhibit 28: Projected Revenues of Ventilators in India (2023-2029; $ Mn)
Exhibit 29: Projected Revenues of Ventilators in Latin America (2023-2029; $ Mn)
Exhibit 30: Projected Revenues of Ventilators in Brazil (2023-2029; $ Mn)
Exhibit 31: Projected Revenues of Ventilators in Mexico (2023-2029; $ Mn)
Exhibit 32: Projected Revenues of Ventilators in Argentina (2023-2029; $ Mn)
Exhibit 33: Projected Revenues of Ventilators in MEA (2023-2029; $ Mn)
Exhibit 34: Projected Revenues of Ventilators in Turkey (2023-2029; $ Mn)
Exhibit 35: Projected Revenues of Ventilators in Saudi Arabia (2023-2029; $ Mn)
Exhibit 36: Projected Revenues of Ventilators in South Africa (2023-2029; $ Mn)
Table 1: Key Market Trends in Ventilators Market
Table 2: Key Market Enablers in Ventilators Market
Table 3: Key Market Constraints in Ventilators Market
Table 4: Strategic Recommendations in Ventilators Market
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