Product Description
Overall, the global ventilator market was valued at $1.7 billion in 2023. This is expected to increase over the forecast period to reach over $2.3 billion.
The majority of the global ventilator market share was controlled by Philips Healthcare, Hamilton Medical, and Getinge.
A ventilator’s purpose is to pump air into the lungs with a specified pressure and volume level to induce machine-dependent breathing. Ventilators can be categorized by the device’s level of sophistication and location of use. This global market research spans over 70 countries and includes acute care ventilators, sub-acute care ventilators, home care ventilators, neonatal ventilators, and non-invasive ventilators.
MARKET DATA INCLUDED
- Unit Sales, Average Selling Prices, Market Size & Growth Trends
- COVID-19 Impact Analysis
- Market Drivers & Limiters
- Market Forecasts Until 2030, and Historical Data to 2020
- Recent Mergers & Acquisitions
- Company Profiles and Product Portfolios
- Leading Competitors
GLOBAL VENTILATOR MARKET INSIGHTS
Amid the tumult of the COVID-19 pandemic, hospitals, in a bid to manage the escalating crisis, amassed a surplus of ventilators to address the sudden surge in demand. However, as the intensity of the pandemic has waned since 2020, the landscape has shifted, leading to a scenario where the majority of forthcoming ventilator purchases are anticipated to be replacements rather than new acquisitions.
Simultaneously, the healthcare sector is witnessing a transformative trend towards relocating patients with lower medical risks to home-based care settings, a strategic move aimed at curtailing healthcare expenditures. This evolving paradigm is not only fostering growth in the realms of home healthcare and non-invasive ventilator markets but is also optimizing hospital capacities, thereby allocating space for patients requiring more critical care interventions.
GLOBAL VENTILATOR MARKET SHARE INSIGHTS
In 2023, Philips Healthcare led the ventilator market, known for its BiPAP® non-invasive home care ventilators, enhancing patient comfort and sleep quality. With its robust R&D and brand strength, Philips is expected to continue dominating, especially with its Trilogy® series and the versatile Respironics® E30 ventilator launched in April 2020 for COVID-19 response.
Hamilton Medical ranked second globally, offering a diverse Hamilton® ventilator range, including high-end, universal, and compact portable models. In March 2020, the company expanded its Swiss production to meet pandemic demands.
Getinge secured the third spot, excelling in acute and neonatal care with its SERVO® ventilators. The company ramped up its production by 160% in early 2020, from 10,000 units in 2019 to 26,000, addressing the increased demand during the pandemic.
Market Segmentation Summary
- Acute Care Ventilators
- Sub-Acute Care Ventilators
- Home Care Ventilators
- Neonatal Ventilators
- Non-Invasive Ventilators
Research Scope Summary
| Report Attribute | Details |
|---|---|
| Regions | North America (Canada, United States) Latin America (Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, Guatemala, Mexico, Panama, Paraguay, Peru, Puerto Rico, Uruguay, Venezuela) Western Europe (Austria, Benelux, France, Germany, Italy, Portugal, Scandinavia, Spain, Switzerland, U.K.) Central & Eastern Europe (Azerbaijan, Baltic States, Belarus, Bulgaria, Croatia, Czech Republic, Georgia, Greece, Hungary, Kazakhstan, Poland, Romania, Russia, Serbia, Slovakia, Slovenia, Turkey, Ukraine) Middle East (Bahrain, Iran, Israel, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates) Asia Pacific (Australia, Cambodia, China, Hong Kong, India, Indonesia, Japan, Kyrgyzstan, Macao, Mongolia, Malaysia, Myanmar, New Zealand, Philippines, Pakistan, Singapore, South Korea, Taiwan, Thailand, Uzbekistan, Vietnam) Africa (Algeria, Egypt, Ethiopia, Ghana, Kenya, Libya, Morocco, Nigeria, South Africa, Sudan, Uganda) |
| Base Year | 2023 |
| Forecast | 2024-2030 |
| Historical Data | 2020-2023 |
| Quantitative Coverage | Market Size, Market Shares, Market Forecasts, Market Growth Rates, Units Sold, and Average Selling Prices. |
| Qualitative Coverage | COVID19 Impact, Market Growth Trends, Market Limiters, Competitive Analysis & SWOT for Top Competitors, Mergers & Acquisitions, Company Profiles, Product Portfolios, FDA Recalls, Disruptive Technologies, Disease Overviews. |
| Data Sources | Primary Interviews with Industry Leaders, Government Physician Data, Regulatory Data, Hospital Private Data, Import & Export Data, iData Research Internal Database. |
