Technavio has been monitoring the mechanical ventilators market and is forecast to grow by USD 2005.3 mn during 2023-2028, accelerating at a CAGR of 6.78% during the forecast period. Our report on the mechanical ventilators market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing prevalence of respiratory diseases, growing geriatric population globally, and increasing volume of surgical procedures needing ventilatory support.
Technavio's mechanical ventilators market is segmented as below:
Market Scope
Base Year
2024
End Year
2028
Series Year
2024-2028
Growth Momentum
Accelerate
YOY 2024
6.23%
CAGR
6.78%
Incremental Value
$2005.3mn
By End-user
Hospitals
Ambulatory surgery centers
Home-care settings
By Product
Critical care ventilators
Portable ventilators
Neonatal
By Technology
Non-invasive
Invasive
By Geography
North America
Europe
Asia
Rest of World (ROW)
This study identifies the technological advancements in mechanical ventilators as one of the prime reasons driving the mechanical ventilators market growth during the next few years. Also, shift toward homecare ventilation and integration of remote monitoring and telemedicine will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the mechanical ventilators market covers the following areas:
Mechanical ventilators market sizing
Mechanical ventilators market forecast
Mechanical ventilators market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading mechanical ventilators market vendors that include Air Liquide SA, Allied Healthcare Products Inc., Asahi Kasei Corp., Boston Scientific Corp., Dragerwerk AG and Co. KGaA, Fisher and Paykel Healthcare Corp. Ltd., General Electric Co., Getinge AB, Hamilton Co., ICU Medical Inc., Koninklijke Philips N.V., Medtronic Plc, MicroPort Scientific Corp., Nihon Kohden Corp., ResMed Inc., SCHILLER AG, Shenzhen Mindray BioMedical Electronics Co. Ltd, Smiths Group Plc, Stryker Corp., and Vyaire Medical Inc.. Also, the mechanical ventilators market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Global Market Characteristics
Executive Summary - Chart on Market by Geography
Executive Summary - Chart on Market Segmentation by End-user
Executive Summary - Chart on Market Segmentation by Product
Executive Summary - Chart on Market Segmentation by Technology
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
Parent Market
Data Table on - Parent Market
2.2 Market characteristics
Market characteristics analysis
2.3 Value chain analysis
Value Chain Analysis
3 Market Sizing
3.1 Market definition
Offerings of companies included in the market definition
3.2 Market segment analysis
Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Chart on Global - Market size and forecast 2023-2028 ($ million)
Data Table on Global - Market size and forecast 2023-2028 ($ million)
Chart on Global Market: Year-over-year growth 2023-2028 (%)
Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Global Mechanical Ventilators Market 2018 - 2022
Historic Market Size - Data Table on Global Mechanical Ventilators Market 2018 - 2022 ($ million)