The mechanical ventilator market size has grown strongly in recent years. It will grow from $8.08 billion in 2024 to $8.8 billion in 2025 at a compound annual growth rate (CAGR) of 8.9%. The growth in the historic period can be attributed to emergency preparedness initiatives, research and development initiatives, medical advancements and critical care needs, epidemics and pandemics, aging population and chronic respiratory diseases.
The mechanical ventilator market size is expected to see strong growth in the next few years. It will grow to $12.66 billion in 2029 at a compound annual growth rate (CAGR) of 9.5%. The growth in the forecast period can be attributed to global health emergencies and pandemics, emergency response preparedness, adherence to regulatory standards, government investments and initiative, global healthcare infrastructure development. Major trends in the forecast period include focus on energy efficiency, integration with wearable technology, wireless connectivity and remote monitoring, incorporation of AI and machine learning, modular and customizable systems.
The enhancement of healthcare infrastructure is anticipated to drive the growth of the mechanical ventilator market. Healthcare infrastructure serves as the foundation for planning, assessing, delivering, and implementing advancements in public health. The COVID-19 pandemic has heightened the demand for readiness in healthcare facilities and increased the necessity for improved medical resources. As a result, many hospitals are expanding their mechanical ventilator capacities to meet urgent needs and avoid shortages of essential medical devices during emergencies. For example, in January 2024, the American Hospital Association, a US-based trade group in the healthcare industry, reported that there are 6,120 hospitals in the United States, with 923 managed by state and local governments. These hospitals collectively offer 916,752 staffed beds to address healthcare requirements across the nation. Therefore, the improvement of healthcare infrastructure is driving the growth of the mechanical ventilator market.
The increasing prevalence of chronic diseases is expected to drive the growth of the mechanical ventilator market in the future. Chronic diseases are broadly defined as conditions that persist for a year or longer, require ongoing medical management, and can interfere with daily activities. Mechanical ventilators assist patients with chronic diseases by monitoring their health status, managing physiological conditions in post-acute, rehabilitation, and chronic cases, and providing acute respiratory support when needed. For example, according to the National Library of Medicine in January 2023, the number of people in the US aged 50 and older with at least one chronic condition is projected to increase by 99.5%, from 71.522 million in 2020 to 142.66 million by 2050. Therefore, the growing prevalence of chronic diseases is a key driver behind the growth of the mechanical ventilator market.
Product innovation is a significant trend in the mechanical ventilator market, with companies investing in research and development to create new products that automate mechanical ventilators based on frequency, assist control, and time, thereby minimizing the workload on the ventilator. For example, in January 2022, OES Medical, a UK-based manufacturer of anesthesia equipment and accessories, introduced the Gemini-G100, an electrically driven piston ICU ventilator. The Gemini-G100 is designed to support intensive care teams worldwide, especially in locations where high-pressure oxygen gas supplies may be problematic. This ventilator only requires electric power and does not rely on the hospital's oxygen supply, making it a versatile and reliable solution for various healthcare settings.
Leading companies in the mechanical ventilator market are prioritizing innovative developments, such as advanced monitoring systems that offer real-time insights into lung mechanics and gas exchange. Advanced monitoring utilizes sophisticated technologies and methods to track, analyze, and manage various processes in real-time. For example, in February 2024, Getinge, a healthcare company based in Sweden, introduced the Servo-C mechanical ventilator to the Indian market, with the goal of improving respiratory care for both pediatric and adult patients. This new mechanical ventilator provides essential functionalities for safe and efficient personalized respiratory treatments. Its modular design facilitates smart fleet management, ensuring operational uptime and cost-effectiveness without the need for proprietary disposables. Notable features include CO2 monitoring and advanced visualization tools, enhancing insights into lung mechanics. This initiative aims to make advanced healthcare solutions more accessible and affordable for hospitals throughout India.
In October 2024, ZOLL Medical Corporation, a US-based manufacturer of medical equipment, acquired the Vyaire Ventilator Product Lines for an undisclosed sum. This acquisition is intended to strengthen ZOLL's offerings in the respiratory care sector, particularly in the area of advanced ventilator solutions. Vyaire Medical, Inc. is also a US-based company specializing in medical equipment manufacturing.
Major companies operating in the mechanical ventilator market include Air Liquide, Medtronic plc, Koninklijke Philips N.V., GE Healthcare, Smiths Medical, Bio-Med Devices Inc., ResMed, Hill-Rom Holdings Inc., Getinge, Dräger, Chart Biomedical, Fisher & Paykel Healthcare Limited, ZOLL Medical Corporation, Vyaire Medical Inc., SCHILLER, Hamilton Medical, Ventec Life Systems, Allied Healthcare Products Inc., Bunnell Inc., Airon Corporation, aXcent Medical GmbH, Trident Medical Innovations.
North America was the largest region in the mechanical ventilator market in 2024. The regions covered in the mechanical ventilator market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the mechanical ventilator market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
A mechanical ventilator is a machine that assists with breathing by automatically delivering air into and out of the lungs. It is used to support individuals who have difficulty breathing on their own.
In the medical equipment industry, the main types of mechanical ventilators include adult ventilators, pediatric ventilators, and neonatal/infant ventilators. Adult ventilators offer invasive and non-invasive ventilation for adults, while pediatric and neonatal/infant ventilators are designed specifically for younger patients. These mechanical ventilators come in various mobility types, including intensive care ventilators, high-end ICU ventilators, mid-end ICU ventilators, basic ICU ventilators, and portable ventilators. They offer different modes of ventilation, such as invasive ventilation and non-invasive ventilation, and are used by a range of end-users, including hospitals and clinics, home care facilities, ambulatory care centers, emergency medical services, and other healthcare settings.
The mechanical ventilator market research report is one of a series of new reports that provides mechanical ventilator market statistics, including mechanical ventilator industry global market size, regional shares, competitors with a mechanical ventilator market share, detailed mechanical ventilator market segments, market trends and opportunities, and any further data you may need to thrive in the mechanical ventilator industry. This mechanical ventilator market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The mechanical ventilator market consists of sales of negative pressure ventilators and positive pressure ventilators. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The mechanical ventilator market size is expected to see strong growth in the next few years. It will grow to $12.66 billion in 2029 at a compound annual growth rate (CAGR) of 9.5%. The growth in the forecast period can be attributed to global health emergencies and pandemics, emergency response preparedness, adherence to regulatory standards, government investments and initiative, global healthcare infrastructure development. Major trends in the forecast period include focus on energy efficiency, integration with wearable technology, wireless connectivity and remote monitoring, incorporation of AI and machine learning, modular and customizable systems.
The enhancement of healthcare infrastructure is anticipated to drive the growth of the mechanical ventilator market. Healthcare infrastructure serves as the foundation for planning, assessing, delivering, and implementing advancements in public health. The COVID-19 pandemic has heightened the demand for readiness in healthcare facilities and increased the necessity for improved medical resources. As a result, many hospitals are expanding their mechanical ventilator capacities to meet urgent needs and avoid shortages of essential medical devices during emergencies. For example, in January 2024, the American Hospital Association, a US-based trade group in the healthcare industry, reported that there are 6,120 hospitals in the United States, with 923 managed by state and local governments. These hospitals collectively offer 916,752 staffed beds to address healthcare requirements across the nation. Therefore, the improvement of healthcare infrastructure is driving the growth of the mechanical ventilator market.
The increasing prevalence of chronic diseases is expected to drive the growth of the mechanical ventilator market in the future. Chronic diseases are broadly defined as conditions that persist for a year or longer, require ongoing medical management, and can interfere with daily activities. Mechanical ventilators assist patients with chronic diseases by monitoring their health status, managing physiological conditions in post-acute, rehabilitation, and chronic cases, and providing acute respiratory support when needed. For example, according to the National Library of Medicine in January 2023, the number of people in the US aged 50 and older with at least one chronic condition is projected to increase by 99.5%, from 71.522 million in 2020 to 142.66 million by 2050. Therefore, the growing prevalence of chronic diseases is a key driver behind the growth of the mechanical ventilator market.
Product innovation is a significant trend in the mechanical ventilator market, with companies investing in research and development to create new products that automate mechanical ventilators based on frequency, assist control, and time, thereby minimizing the workload on the ventilator. For example, in January 2022, OES Medical, a UK-based manufacturer of anesthesia equipment and accessories, introduced the Gemini-G100, an electrically driven piston ICU ventilator. The Gemini-G100 is designed to support intensive care teams worldwide, especially in locations where high-pressure oxygen gas supplies may be problematic. This ventilator only requires electric power and does not rely on the hospital's oxygen supply, making it a versatile and reliable solution for various healthcare settings.
Leading companies in the mechanical ventilator market are prioritizing innovative developments, such as advanced monitoring systems that offer real-time insights into lung mechanics and gas exchange. Advanced monitoring utilizes sophisticated technologies and methods to track, analyze, and manage various processes in real-time. For example, in February 2024, Getinge, a healthcare company based in Sweden, introduced the Servo-C mechanical ventilator to the Indian market, with the goal of improving respiratory care for both pediatric and adult patients. This new mechanical ventilator provides essential functionalities for safe and efficient personalized respiratory treatments. Its modular design facilitates smart fleet management, ensuring operational uptime and cost-effectiveness without the need for proprietary disposables. Notable features include CO2 monitoring and advanced visualization tools, enhancing insights into lung mechanics. This initiative aims to make advanced healthcare solutions more accessible and affordable for hospitals throughout India.
In October 2024, ZOLL Medical Corporation, a US-based manufacturer of medical equipment, acquired the Vyaire Ventilator Product Lines for an undisclosed sum. This acquisition is intended to strengthen ZOLL's offerings in the respiratory care sector, particularly in the area of advanced ventilator solutions. Vyaire Medical, Inc. is also a US-based company specializing in medical equipment manufacturing.
Major companies operating in the mechanical ventilator market include Air Liquide, Medtronic plc, Koninklijke Philips N.V., GE Healthcare, Smiths Medical, Bio-Med Devices Inc., ResMed, Hill-Rom Holdings Inc., Getinge, Dräger, Chart Biomedical, Fisher & Paykel Healthcare Limited, ZOLL Medical Corporation, Vyaire Medical Inc., SCHILLER, Hamilton Medical, Ventec Life Systems, Allied Healthcare Products Inc., Bunnell Inc., Airon Corporation, aXcent Medical GmbH, Trident Medical Innovations.
North America was the largest region in the mechanical ventilator market in 2024. The regions covered in the mechanical ventilator market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the mechanical ventilator market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
A mechanical ventilator is a machine that assists with breathing by automatically delivering air into and out of the lungs. It is used to support individuals who have difficulty breathing on their own.
In the medical equipment industry, the main types of mechanical ventilators include adult ventilators, pediatric ventilators, and neonatal/infant ventilators. Adult ventilators offer invasive and non-invasive ventilation for adults, while pediatric and neonatal/infant ventilators are designed specifically for younger patients. These mechanical ventilators come in various mobility types, including intensive care ventilators, high-end ICU ventilators, mid-end ICU ventilators, basic ICU ventilators, and portable ventilators. They offer different modes of ventilation, such as invasive ventilation and non-invasive ventilation, and are used by a range of end-users, including hospitals and clinics, home care facilities, ambulatory care centers, emergency medical services, and other healthcare settings.
The mechanical ventilator market research report is one of a series of new reports that provides mechanical ventilator market statistics, including mechanical ventilator industry global market size, regional shares, competitors with a mechanical ventilator market share, detailed mechanical ventilator market segments, market trends and opportunities, and any further data you may need to thrive in the mechanical ventilator industry. This mechanical ventilator market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The mechanical ventilator market consists of sales of negative pressure ventilators and positive pressure ventilators. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Mechanical Ventilator Market Characteristics3. Mechanical Ventilator Market Trends and Strategies4. Mechanical Ventilator Market - Macro Economic Scenario Macro Economic Scenario Including the Impact of Interest Rates, Inflation, Geopolitics and Covid and Recovery on the Market32. Global Mechanical Ventilator Market Competitive Benchmarking and Dashboard33. Key Mergers and Acquisitions in the Mechanical Ventilator Market34. Recent Developments in the Mechanical Ventilator Market
5. Global Mechanical Ventilator Growth Analysis and Strategic Analysis Framework
6. Mechanical Ventilator Market Segmentation
7. Mechanical Ventilator Market Regional and Country Analysis
8. Asia-Pacific Mechanical Ventilator Market
9. China Mechanical Ventilator Market
10. India Mechanical Ventilator Market
11. Japan Mechanical Ventilator Market
12. Australia Mechanical Ventilator Market
13. Indonesia Mechanical Ventilator Market
14. South Korea Mechanical Ventilator Market
15. Western Europe Mechanical Ventilator Market
16. UK Mechanical Ventilator Market
17. Germany Mechanical Ventilator Market
18. France Mechanical Ventilator Market
19. Italy Mechanical Ventilator Market
20. Spain Mechanical Ventilator Market
21. Eastern Europe Mechanical Ventilator Market
22. Russia Mechanical Ventilator Market
23. North America Mechanical Ventilator Market
24. USA Mechanical Ventilator Market
25. Canada Mechanical Ventilator Market
26. South America Mechanical Ventilator Market
27. Brazil Mechanical Ventilator Market
28. Middle East Mechanical Ventilator Market
29. Africa Mechanical Ventilator Market
30. Mechanical Ventilator Market Competitive Landscape and Company Profiles
31. Mechanical Ventilator Market Other Major and Innovative Companies
35. Mechanical Ventilator Market High Potential Countries, Segments and Strategies
36. Appendix
Executive Summary
Mechanical Ventilator Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on mechanical ventilator market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for mechanical ventilator? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The mechanical ventilator market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Type: Adult Ventilators; Pediatric Ventilators; Neonatal/ Infant Ventilators2) By Mobility: Intensive Care Ventilators; High-End ICU Ventilators; Mid-End ICU Ventilators; Basic ICU Ventilators; Portable Ventilators
3) By Mode of Ventilation: Invasive Ventilation; Non-Invasive Ventilation
4) By End-User: Hospitals and Clinics; Home Care; Ambulatory Care Centers; Emergency Medical Service; Other End-Users
Subsegments:
1) By Adult Ventilators: Invasive Adult Ventilators; Non-Invasive Adult Ventilators2) By Pediatric Ventilators: Invasive Pediatric Ventilators; Non-Invasive Pediatric Ventilators
3) By Neonatal/Infant Ventilators: High-Frequency Ventilators; Conventional Ventilators for Neonates
Key Companies Mentioned: Air Liquide; Medtronic plc; Koninklijke Philips N.V.; GE Healthcare; Smiths Medical
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- Air Liquide
- Medtronic plc
- Koninklijke Philips N.V.
- GE Healthcare
- Smiths Medical
- Bio-Med Devices Inc.
- ResMed
- Hill-Rom Holdings Inc.
- Getinge
- Dräger
- Chart Biomedical
- Fisher & Paykel Healthcare Limited
- ZOLL Medical Corporation
- Vyaire Medical Inc.
- SCHILLER
- Hamilton Medical
- Ventec Life Systems
- Allied Healthcare Products Inc.
- Bunnell Inc.
- Airon Corporation
- aXcent Medical GmbH
- Trident Medical Innovations
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | March 2025 |
| Forecast Period | 2025 - 2029 |
| Estimated Market Value ( USD | $ 8.8 Billion |
| Forecasted Market Value ( USD | $ 12.66 Billion |
| Compound Annual Growth Rate | 9.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 22 |
