Forecast and Trends in the Ventilators Market: Size and Share Overview
Meticulous Research®—a top-tier market research firm—has released a detailed report titled, ‘Ventilators Market Size, Share, Forecast, & Trends Analysis by Product (Instrument, Catheter, Mask, Tube), Mobility (Intensive Care, Portable), Interface (Invasive, Non-invasive), Age Group, Mode (Volume, Pressure), End User – Global Forecast to 2031.’
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According to the latest data, the ventilators market is projected to reach $13.23 billion by 2031, with a CAGR of 8.3% from 2024 to 2031. The market is fueled by the expansion of ICUs, increasing respiratory conditions, urbanization with rising pollution, an aging population, and more preterm births. Market growth is, however, restrained by the high cost of ventilators and the preference for alternative oxygenation methods.
Emerging growth opportunities are seen in the development of healthcare infrastructure in Asia-Pacific and Latin America and the growing demand for home care therapeutic devices. Challenges such as adverse effects on neonates and component supply issues may impact growth.
While traditional invasive ventilators have been dominant, recent advancements include non-invasive and portable models. For example, Shinano Kenshi Co., Ltd. (Japan) is developing a wearable ventilator to aid patients with chronic respiratory conditions, aiming to improve mobility and transport.
Key Market Players
Major players identified in the report include:
Schiller AG (Switzerland)
Hamilton Medical AG (Switzerland)
Koninklijke Philips N.V. (Netherlands)
GE HealthCare Technologies, Inc. (U.S.)
Medtronic plc (Ireland)
Getinge AB (Sweden)
ResMed Inc. (U.S.)
Zoll Medical Corporation (U.S.)
Drägerwerk AG & Co. KGaA (Germany)
Fisher & Paykel Healthcare Limited (New Zealand)
VYAIRE MEDICAL, INC. (U.S.)
Market Segmentation
Product: Includes Ventilator Accessories (Catheters, Endotracheal Tubes, Masks, etc.) and Ventilators/Instruments.
Mobility: Covers Intensive Care and Portable Ventilators.
Interface: Divided into Invasive and Non-invasive Ventilators.
Age Group: Includes Adult & Pediatric and Neonatal & Infant.
Mode: Comprises Volume Mode Ventilation, Dual/Combined Mode, Pressure Mode, and Other Modes.
End User: Hospitals, Homecare Settings, ASCs, and Others.
Geography: Regional and country-specific markets.
Product Insights
The ventilator accessories segment is projected to lead with a 36.8% share in 2024, due to widespread use, hospital hygiene needs, and additional functionality.
Mobility Insights
Intensive Care Ventilators are expected to hold a 76.2% share in 2024, driven by high demand in ICUs and increasing critical care admissions.
Interface Insights
Invasive Ventilators are forecasted to lead in 2024, owing to their extensive use in various medical conditions.
Age Group Insights
The Adult & Pediatric segment is set to dominate in 2024 due to higher usage among the elderly.
Mode Insights
Volume Mode Ventilation is anticipated to lead in 2024, valued for its precise control over minute ventilation and tidal volume.
End User Insights
Hospitals are expected to be the largest end user in 2024, driven by high respiratory illness rates and advanced medical facilities.
Regional Insights
North America is projected to lead the market with a 55.7% share in 2024, attributed to its advanced healthcare infrastructure and high demand for advanced ventilators.
To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/ventilators-market-5093
Key Questions Answered in the Report:
Which are the high-growth market segments in terms of product, mobility, interface, age group, mode, end user, and geography?
What was the historical market size for ventilators across the globe?
What are the market forecasts and estimates for the period 2024–2031?
What are the major drivers, restraints, opportunities, and challenges in the ventilators market?
Who are the key players operating in the ventilators market?
What is the competitive landscape like?
What are the recent developments in the ventilators market?
What are the different strategies adopted by the major players in the ventilators market?
What are the geographical trends and high-growth regions/countries?
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