According to a new report, published by KBV research, The Global Mechanical Ventilators Market size is expected to reach $16.7 billion by 2030, rising at a market growth of 12.6% CAGR during the forecast period. In the year 2022, the market attained a volume of 1,039.4 thousand units, experiencing a growth of 27.4% (2019-2022).
The Non-invasive Ventilation segment is exhibiting a CAGR of 14.4% during (2023 - 2030). NIV has expanded the clinical applications of mechanical ventilation beyond traditional invasive methods. It is widely used in various healthcare settings, including ICUs, emergency departments, and home care. NIV is effective in managing patients with respiratory distress, including those with conditions like COPD exacerbations, congestive heart failure, pneumonia, and acute respiratory failure. It is a first-line treatment in many cases. NIV is increasingly used in post-operative care, providing respiratory support to patients after surgeries to enhance recovery and reduce complications.
The Devices segment is leading the maximum revenue in the Global Mechanical Ventilator Market by Component in 2022; thereby, achieving a market value of $13.1 billion by 2030. The devices segment contains improved ventilation modes and settings that cater to a wide variety of patient needs. These modes, such as pressure control, volume control, and pressure support, provide healthcare professionals with flexibility in tailoring ventilatory support to individual patient requirements. Alarm systems monitor patient parameters and ventilator function, alerting healthcare providers to potential issues or changes in patient condition. They are essential for patient safety and early problem detection.
The Neonatal Care segment would register a CAGR of 13.2% during (2023 - 2030). Mechanical ventilators in neonatal care are instrumental in improving the survival rates of premature infants and neonates with respiratory distress. By providing controlled and precise ventilation, ventilators help manage conditions such as respiratory distress syndrome (RDS) and meconium aspiration syndrome, significantly increasing the chances of survival for these vulnerable patients. Neonatal intensive care units are dedicated to the care of critically ill newborns. These units rely heavily on mechanical ventilators to manage various respiratory conditions. The demand for ventilators is directly linked to the growth of NICUs and the increasing need for neonatal respiratory support.
The Adult market is generating the maximum revenue in the Global Mechanical Ventilator Market by Age Group in 2022; thereby, achieving a market value of $7 billion by 2030. Adults are more susceptible to a wide range of respiratory conditions, including COPD, pneumonia, ARDS, and respiratory failure due to trauma, surgery, or other medical conditions. The prevalence of these conditions drives the demand for mechanical ventilators. Adults undergoing major surgeries, such as cardiac surgery or abdominal procedures, may require post-operative mechanical ventilation during their recovery. The need for ventilators in the post-surgical period is primarily among adult patients.
The Ambulatory Surgical Center segment would experience a CAGR of 13.2% during (2023 - 2030). Ambulatory surgical center (ASCs) often performs specialized surgical procedures that may require mechanical ventilation during or after the surgery. Examples include certain types of endoscopic surgeries, ophthalmic procedures, and oral surgeries. Ventilators used in ASCs are designed to offer patient comfort, as patients often do not need to be intubated for extended periods. Mask interfaces and non-invasive ventilation options are commonly used in ASCs to maintain patient comfort and compliance.
The North America region dominated the Global Mechanical Ventilator Market by Region in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $5.9 billion by 2030. The Europe region is anticipated to grow at a CAGR of 12.2% during (2023 - 2030). Additionally, The Asia Pacific region would witness a CAGR of 13.4% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/mechanical-ventilator-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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 Geography (Volume, Thousand Unit, USD Billion, 2019-30)
Companies Profiled
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