The Europe Mechanical Ventilators Market would witness market growth of 12.2% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 196.1 thousand units, showcasing a growth of 27.1% (2019-2022).
ICUs are one of the primary settings where mechanical ventilators are indispensable. Patients with severe respiratory distress, including those with acute respiratory distress syndrome (ARDS), pneumonia, or after major surgeries, often require ventilatory support. In emergencies, where patients arrive with life-threatening respiratory conditions or trauma, mechanical ventilators are essential tools for stabilizing patients before transferring them to ICUs. During surgeries, patients are often under general anesthesia, which can affect their ability to breathe spontaneously. Mechanical ventilators, integrated into anesthesia machines, ensure adequate oxygenation and ventilation throughout the procedure, guaranteeing the patient's safety.
With advancements in technology, portable mechanical ventilators have become available for home care use. Patients with chronic respiratory conditions, such as COPD, neuromuscular diseases, or congenital disorders, can benefit from home-based mechanical ventilators to improve their quality of life. Premature infants and neonates with underdeveloped respiratory systems often require specialized ventilators tailored to their unique needs. Neonatal mechanical ventilators offer precise control over pressure, volume, and oxygen levels to provide life-saving care for these fragile patients.
In the United Kingdom, the prevalence of lung cancer drives demand for mechanical ventilators technologies. More than 48,500 new instances of lung cancer are diagnosed in the UK each year, or more than 130 cases every day, according to Cancer Research UK. Lung cancer is the third most prevalent form in the UK, accounting for 13% of all new cases. According to a report on the French aging policy published by the UN, as in other European countries, France faces a continuous and significant increase in elderly people. The nation had 15 million people aged more than 60 in France in 2012, expected to reach 24 million in 2060. Due to these aspects, the mechanical ventilators market will expand across the Europe region in upcoming years.
The Germany market dominated the Europe Mechanical Ventilator Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,073.8 million by 2030. The UK market is exhibiting a CAGR of 11.3% during (2023 - 2030). Additionally, The France market would experience a CAGR of 13.1% during (2023 - 2030).
Based on Mode, the market is segmented into Invasive Ventilation, and Non-invasive Ventilation. Based on Component, the market is segmented into Devices, and Services. Based on Product Type, the market is segmented into Intensive Care Unit/Critical Care, Transport/Portable/Ambulatory, and Neonatal Care. Based on Age Group, the market is segmented into Adult, Geriatric, and Pediatric & Neonatal. Based on End User, the market is segmented into Hospital & Clinic, Ambulatory Surgical Center, Home Care, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Mechanical Ventilators Market will Hit $16.7 Billion by 2030, at a CAGR of 12.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include GE HealthCare Technologies, Inc., Koninklijke Philips N.V., Medtronic PLC, Dragerwerk AG & Co. KGaA, Getinge AB, Asahi Kasei Corporation (Zoll Medical Corporation), Hamilton Medical AG (Hamilton Bonaduz AG), Carl Reiner GmbH, Mindray Medical International Limited and Vyaire Medical, Inc.
By Mode (Volume, Thousand Unit, USD Billion, 2019-30)
By Component (Volume, Thousand Unit, USD Billion, 2019-30)
By Product Type (Volume, Thousand Unit, USD Billion, 2019-30)
By Age Group (Volume, Thousand Unit, USD Billion, 2019-30)
By End User (Volume, Thousand Unit, USD Billion, 2019-30)
By Country (Volume, Thousand Unit, USD Billion, 2019-30)
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