Size, Share, and Trends of the Ventilators Market: Forecast Analysis
Meticulous Research® has unveiled its latest market analysis report titled ‘Ventilators Market by Product (Instrument, Catheter, Mask, Tube) Mobility (Intensive Care, Portable) Interface (Invasive, Non-invasive) Age Group (Adult, Neonatal) Mode (Volume, Pressure, Dual) End User (Hospital, ASC, Home Care) – Global Forecast to 2031’.
The report estimates that the global ventilators market will reach $13.23 billion by 2031, growing at an 8.3% CAGR from 2024. This growth is driven by an increase in ICU facilities and beds, rising respiratory disease rates, urbanization and pollution, an aging population, and increased preterm births. However, high ventilator costs and the preference for other oxygenation methods may limit growth.
The report highlights growth prospects in homecare settings and emerging markets like Asia-Pacific and Latin America, while noting challenges such as adverse effects on neonates and supply chain issues.
Leading Companies: The key players in the market 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), and VYAIRE MEDICAL, INC. (U.S.).
Market Segmentation:
Product: In 2024, ventilator accessories are projected to have the largest market share due to their widespread use and importance in hospital hygiene.
Mobility: Intensive care ventilators are expected to dominate the market, driven by their high adoption in ICUs and available reimbursements.
Interface: Invasive ventilators are forecasted to lead, reflecting their extensive use in serious conditions.
Age Group: The adult & pediatric segment is expected to be the largest, driven by the high incidence of respiratory conditions in adults.
Mode: Volume mode ventilation is predicted to hold the largest market share due to its precise control over ventilation.
End User: Hospitals are projected to be the largest market segment, thanks to the high patient volumes and advanced medical facilities.
Geography: North America is expected to dominate, attributed to its advanced healthcare system and high demand for ventilators.
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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 major players operating in the ventilators market?
What is the competitive landscape like, and who are the leaders in the ventilators market?
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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