Medical Ventilators: Global Market Scenario, Trends, Opportunity, Growth and Forecast, 2020-2030

Market Definition

A ventilator is a device that assists a patient mechanically in the exchange of oxygen and carbon dioxide, sometimes known as artificial respiration. A ventilator transports carbon dioxide out of and oxygen into the lungs. It can be introduced by tracheostomy or through a surgical incision and down the trachea through the mouth, nose, or both. A ventilator enables a patient who has breathing difficulties to get the right amount of oxygen. It also aids with the patient’s body’s ability to heal by removing the energy needed for laboured breathing. Patients may be able to utilise a respiratory mask in place of breathing tubes, depending on their medical condition. Noninvasive mechanical ventilation is the term used to describe this method of ventilatory assistance. A monitor connected to the ventilator machine can be used to regulate how much oxygen the patient receives. The monitor can be equipped with an alarm to notify medical personnel that air pressure has increased if the patient’s condition is very critical.

Market Insights

In 2022, the market for medical ventilators was estimated to be worth $1,678.5 million worldwide. This market is projected to reach $3.5 billion by 2030 because to an expanding target patient group (COPD patients, COVID-19 patients), as well as an increase in surgical operations that would follow.

The market for medical ventilators is projected to expand at a CAGR of 15.45% from 2023 to 2030. Demand for medical ventilators is being driven by an increasing number of patients with coronavirus, an increasing prevalence of patients with amyotrophic lateral sclerosis (ALS), an increasing incidence of chronic obstructive pulmonary disease (COPD), and pneumonia, non-OEMs entering the ventilators market, and an ageing population with an accompanying rise in the number of surgical procedures.

Neonatal ventilators and adult/pediatric ventilators are two product categories that make up the market. The market for adult/pediatric ventilator devices, which accounted for the greatest share in 2022, is anticipated to expand at a faster CAGR of 13.9% over the course of the forecast period. A growing worldwide ageing population, an increase in complex procedures requiring breathing support, and an increase in the target patient group with diseases like COPD are all factors in this segment’s sizeable market share.

The market is divided into invasive and noninvasive ventilation based on the type of ventilation. During the projected period, it is anticipated that the noninvasive ventilation segment would account for the greatest market share. The rising number of COVID-19 patients worldwide, ventilator technology developments, and the benefits noninvasive ventilators provide over invasive ventilators are all factors driving this market’s growth.

The market for medical ventilators is divided into hospitals and clinics, ambulatory care facilities, and home care according to the end user. During the projected period, the end-user sector for hospitals and clinics is anticipated to increase at the highest CAGR. Global COVID-19 cases are on the rise, as are the number of temporary hospitals caring for COVID-19 patients.

The biggest market share is predicted to be in North America, and the highest growth rate is anticipated to be in Asia-Pacific during the forecast period. Increasing COVID-19 cases, the country’s large patient population base for target diseases, the region’s strong presence of device manufacturers, and rising adoption of technologically advanced medical ventilator products are all contributing factors to the global market for medical ventilators’ growth in the North American region.

Market Dynamics: Drivers

Rising Prevalence of Respiratory Diseases

When individuals are unable to breathe on their own, medical ventilators assist them. Ventilators are frequently used by patients who have illnesses such amyotrophic lateral sclerosis (ALS), COPD, pneumonia, and upper spinal cord injuries.

Neurons in charge of voluntary muscles die as a result of Lou Gehrig’s disease, commonly known as ALS or motor neuron disease (MND). Because ALS frequently affects the breathing muscles in the body, breathing becomes difficult and may become uncontrollable, resulting in respiratory failure. Globally, there will be 376,674 ALS cases, a 69% increase from the 222,801 cases in 2015, according to projections.

Market Dynamics: Challenges

Adverse Events or Complications Associated with Ventilators

The decline of intubated patients as a result of multiple organ failure has been documented for decades. There has been significant advancement in recent years in our understanding of the negative effects of positive-pressure ventilation. In a study, Tremblay et al. showed that larger volumes and lower PEEP led to higher blood concentrations of tumour necrosis alpha and elevated cytokine and inflammatory mRNA in a high stress ventilatory model. Additional studies conducted in the 1990s showed that distal organ dysfunction was caused by a cascade of systemic inflammatory mechanisms of biochemical pulmonary injury. The global market for medical ventilators may experience growth restrictions due to negative effects with medical ventilators, such as those listed below.

Market Segmentation

• Based on Ventilation Type, the Global Medical Ventilators market is segmented into
  • Non-Invasive ventilation
  • Invasive ventilation
• Based on Product Type, the Global Medical Ventilators market is segmented into
  • Adult/pediatric ventilators
  • Neonatal ventilators
• Based on End User, the Global Medical Ventilators market is segmented into
  • Hospitals
  • Ambulatory surgical centers
  • Home care settings
• Based on Geography, the Global Medical Ventilators market is segmented into
  • Asia-Pacific
  • North America
  • Europe
  • Latin America
  • Middle East & Africa

• All market revenue has been given in US Dollar.

Historical Year: 2020-2021
Base Year: 2022
Estimated: 2023
Forecast- 2024-2030

Key Questions this Study will Answer

• What are the key overall market statistics or market estimates (Market Overview, Market Size- By Value, Market Size-By Volume, Forecast Numbers, Market Segmentation, Market Shares) of Global Medical Ventilators Market?
• What is the region wise industry size, growth drivers and challenges key market trends?
• What are the key innovations, opportunities, current and future trends and regulations in the Global Medical Ventilators Market?
• Who are the key competitors, what are their key strength and weakness and how they perform in Global Medical Ventilators Market based on competitive benchmarking matrix?
• What are the key results derived from the market surveys conducted during Global Medical Ventilators Market study?