Mechanical Ventilators Market to Grow with a CAGR of 5.41% through 2030
Rising
geriatric population and increasing prevalence of chronic conditions is
expected to drive the Global Mechanical Ventilators Market growth in the
forecast period, 2026-2030.
According
to TechSci Research report, “Mechanical Ventilators Market - Global Industry
Size, Share, Trends, Competition Forecast & Opportunities, 2030”, the
Global Mechanical Ventilators Market stood at USD 4.28 Billion in 2024 and is
anticipated to grow with a CAGR of 5.41% in the forecast period through 2030. The rising
elderly population, coupled with the increasing prevalence of chronic
conditions such as chronic obstructive pulmonary disease (COPD) requiring
non-invasive ventilation, is expected to drive the growth of the Mechanical
Ventilators Market. Furthermore, the growing incidence of asthma among
children, adults, and the elderly will contribute to the expansion of the
market during the forecast period.
The
escalating prevalence of respiratory diseases is projected to fuel the growth
of the Global Mechanical Ventilators Market in the coming years. For instance,
according to the Global Initiative for Chronic Obstruction Disease 2018 report,
chronic obstructive pulmonary disease is anticipated to cause approximately 4.5
million deaths worldwide annually by 2030. The exponential market demand for
Mechanical Ventilators has witnessed a remarkable growth rate of 300% to 400%
from 2019 to 2020. Moreover, the increasing healthcare expenditure and the
rising incidence of chronic respiratory diseases among the elderly population
are favorable factors driving market growth. The growing interest in
non-invasive ventilation options, such as bilevel positive airway pressure
(BiPAP) and continuous positive airway pressure (CPAP), has expanded the use of
mechanical ventilators for respiratory support without the need for intubation. As
the global population ages, the prevalence of respiratory conditions, such as
chronic obstructive pulmonary disease (COPD) and pneumonia, is increasing.
Mechanical ventilators play a vital role in managing respiratory distress in
elderly patients. Continuous advancements in medical technology have led to the
development of more sophisticated and user-friendly mechanical ventilators.
These improvements drive the adoption of newer models and upgrade of existing
equipment.
Product
innovation is a prominent trend that is gaining traction in the mechanical
ventilator market. Companies are heavily investing in research and development
to introduce new automated products that optimize frequency, assist control,
and minimize ventilator workload. For instance, in January 2022, OES Medical, a
UK-based manufacturer of anesthesia equipment and accessories, unveiled the
Gemini-G100, an electrically driven piston ICU ventilator. This cutting-edge
device is designed to support intensive care teams globally, particularly in
settings where high-pressure oxygen gas supplies pose challenges. The
Gemini-G100 operates solely on electric power, eliminating the need for
additional oxygen supply within the hospital. The
global mechanical ventilators market is being propelled by the continuous
expansion of healthcare infrastructure and increased health expenditure.
Notably, the improvements in medical infrastructure have contributed
significantly to the growth of the ventilator market. The term health
infrastructure refers to the comprehensive framework for planning, evaluating,
delivering, and implementing public health improvements.
Furthermore, the application of excessive pressure and high levels of oxygen during mechanical ventilation can potentially harm the lungs. Despite receiving appropriate treatment, there are instances where the underlying condition requiring ventilator support does not improve. At this point, healthcare professionals will engage in discussions regarding treatment preferences, including the decision to continue or discontinue the use of a ventilator. Consequently, the presence of various risks associated with mechanical ventilators is expected to pose a notable challenge to the growth of the global mechanical ventilators market during the forecast period.
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"Global Mechanical Ventilators Market.”
Global Mechanical Ventilators Market is segmented into product type, component,
interface, end user, regional distribution, and company
Based on product type, the Transport/Portable/Ambulatory segment is experiencing the fastest growth in the global mechanical ventilators market. This surge is driven by the rising need for patient mobility and decentralized respiratory care solutions across multiple healthcare settings. Portable ventilators are increasingly used during emergency medical services, inter-facility and intra-facility patient transfers, home health care, and outpatient clinics. With the expansion of healthcare-at-home models and evolving emergency response protocols, demand for compact, battery-operated devices has risen sharply. These units offer versatility in settings lacking fixed infrastructure, enabling critical respiratory support in ambulances, field hospitals, disaster zones, and long-term care homes. Advances in miniaturized electronics, improved battery technologies, and intuitive user interfaces are enhancing their usability and reliability. The COVID‑19 pandemic further highlighted the value of transport ventilators, as hospitals sought flexible systems to support surge capacities and temporary care units. Governments and health systems globally are now investing in mobile ventilator fleets to boost disaster preparedness, streamline critical transfers, and support home-based respiratory therapy. As a result, while ICU ventilators still command the largest market share, the portable ventilator segment is growing at the fastest rate, driven by evolving healthcare delivery models and technological innovation.
Based on region, Asia-Pacific shows the fastest growth in the global mechanical ventilators market. In recent years, the Asia-Pacific region has surged ahead as the fastest-growing market for mechanical ventilators. This growth is fueled by rapidly expanding healthcare infrastructure across countries like China, India, and Southeast Asia, accompanied by increasing investments in critical care capabilities and emergency preparedness. The rise in chronic respiratory illnesses, aging populations, and acute events like pneumonia and air pollution-related lung conditions have amplified the demand for ventilatory support. The COVID‑19 pandemic further accelerated market penetration—prompting governments to invest heavily in both ICU and portable ventilator stockpiles. Additionally, the proliferation of private hospitals, medical tourism, and decentralized healthcare delivery models—such as home-based respiratory therapy and community clinics—contributed to strong regional uptake of both conventional ICU ventilators and compact, transportable units. As a consequence, Asia-Pacific is expected to maintain its position as the fastest-growing regional market, outpacing North America and Europe in long-term growth momentum.
Major
companies operating in Global Mechanical Ventilators Market are:
- Getinge
AB
- Medtronic
PLC
- Koninklijke
Philips NV
- Smiths
Medical
- ResMed
Inc.
- Dragerwerk
AG & Co. KGaA
- GE
Healthcare
- Mindray
Medical International Limited
- Nihon
Kohden Corporation
- Vyaire Medical Inc.
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“Factors
such as the rise in chronic obstructive pulmonary disease (COPD), the growth in
incidences of respiratory disorders, and technological innovations are expected
to drive market growth in the forecast period. The introduction of
patient-friendly devices and the demand for medical assistance in home
healthcare settings are encouraging the use of mechanical ventilators in the
global market. Government initiatives and favorable policies for manufacturers
in emerging economies are stimulating market growth. However, manufacturers are
facing budget constraints, and irregular demand in developing and backward
countries is creating challenges in the market. Many
vendors in the global mechanical ventilators market are focused on enhancing
their production capabilities to meet the rising demand. Moreover, new entrants
are capitalizing on this opportunity for increased demand. Several players in
the global mechanical ventilators market are actively involved in research
activities, demonstrating efforts to offer technologically advanced products”, said Mr. Karan Chechi, Research Director of TechSci
Research, a research-based management consulting firm.
“Mechanical Ventilators Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Product Type (Intensive Care Unit/Critical Care, Transport/Portable/Ambulatory, and Neonatal Care), By Interface (Non-invasive Ventilation and Invasive Ventilation), By End User (Hospital & Clinic, Home Care, and Ambulatory Surgical Center), By Region and Competition, 2020-2030F”, has evaluated the future growth
potential of Global Mechanical Ventilators Market and provides statistics &
information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Global Mechanical Ventilators Market.
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