Global Ventilator Market By Type [Adult, Infant], By Mode [Pressure, Volume, Combined], By Mobility [Portable, Intensive Care], By Interface [Invasive, Non-invasive], By End User [Hospital, Home Care, EMS, Ambulatory Care Center], By Region (North America, Europe, Asia Pacific, Middle East & Africa and Latin America), Forecast & Opportunities, 2020-2027

Market Overview

Global Ventilator Market was registered at around USD 870 million in 2019 and the market is expected to grow with a rapid pace over the forecast period, 2020-2027 due to the increasing geriatric population, high prevalence of smoking, high prevalence of COPD and other respiratory diseases.

Millions of people dying worldwide due to various respiratory diseases like COPD, asthma, etc., Rising environmental pollution, unhealthy lifestyle habits, smoking is causing dangerous respiratory diseases. Patients often require continuous ventilation support during the treatment. With the recent outbreak of COVID- 19 pandemics, a virus causing respiratory disease has increased the demand for ventilators worldwide. With over 160 countries affected by COVID-19, major developed countries like the US have accelerated their ventilator production enormously.

However, lack of awareness about advancements in technologies such as infant ventilators is hindering the growth of the Ventilator Market globally. 

Market Segmentation

Global Ventilator Market can be segmented into Type, Mode, Mobility, Interface, End User and Region.            

By Type, Global Ventilator Market can be segmented into Adult, Infant. The adult segment holds the largest market share due to the rising geriatric population.

By Mode, Global Ventilator Market can be segmented into Pressure, Volume, Combined. 

By Mobility, Global Ventilator Market can be segmented into Portable, Intensive Care. The portable segment is expected to grow significantly during the forecasted period 2020-27 due to low cost, user-friendly, and flexibility. They are highly beneficial in times of distress where people are treated outside the hospitals or health care establishments.  

By Interface, Global Ventilator Market can be segmented into Invasive, Non-invasive. The invasive ventilator market segment dominates the global market due to its varied applications in respiratory diseases, neurological diseases, and sleeping disorders. 

By End User, Global Ventilator Market can be segmented into Hospital, Home Care, EMS, Ambulatory Care Center. The home care segment is expected to grow significantly during the forecasted period of 2020-27 due to rising out of pocket healthcare expenditure, growing per capita income, growing awareness regarding advanced technologies among patients and doctors, increasing respiratory disorder patients, and wide acceptance of home healthcare products.

By Region, Global Ventilator Market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. 

Regional Analysis

Regionally, North America Ventilator Market dominates the global market due to the rising geriatric population, high prevalence of respiratory diseases, high prevalence of smoking. Moreover, the region has a highly developed healthcare system with the presence of major health care providers is significantly contributing to the growth of the Ventilator Market in this region.

Asia Pacific Ventilator Market is expected to grow significantly during the due to the high prevalence of chronic heart diseases & respiratory illness, increasing environmental pollution causing various types of lung disorders & the presence of a large number of patients. 

Competitor Analysis

The key players in Global Ventilator Market are Philips Healthcare, Medtronic, Koninklijke Philips N.V., ResMed, Dragerwerk AG & Co., Becton Dickinson and Company, Dräger, Getinge, Smiths Group, GE Healthcare, Hamilton Medical, ACOMA Medical Industry Co., Ltd., Covidien, Fisher & Paykel, Zoll Medical, Allied Healthcare Products, Teleflex Incorporated and Air Liquide.